Segment Reporting

3 Months Ended

Apr. 30, 2013

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 14—SEGMENT REPORTING

The Company’s reportable segments, power industry services and telecommunications infrastructure services, are organized in separate business units with different management teams, customers, technologies and services. The business operations of each segment are conducted primarily by the Company’s wholly-owned subsidiaries – GPS and SMC, respectively. Presented below are summarized operating results and certain financial position data of the Company’s reportable continuing business segments for the three months ended April 30, 2013 and 2012. The “Other” columns include the Company’s corporate and unallocated expenses.

Three Months Ended April 30, 2013	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
Net revenues	$	43,769,000	$	2,879,000	$	—		$	46,648,000
Cost of revenues		31,246,000		2,374,000		—			33,620,000
Gross profit		12,523,000		505,000		—			13,028,000
Selling, general and administrative expenses		1,815,000		316,000		1,312,000			3,443,000
Income (loss) from operations		10,708,000		189,000		(1,312,000	)		9,585,000
Gain on deconsolidation of VIE		1,120,000		—		—			1,120,000
Other income (expense), net		154,000		—		1,000			155,000
Income (loss) before income taxes	$	11,982,000	$	189,000	$	(1,311,000	)		10,860,000
Income tax expense									3,920,000
Income from continuing operations								$	6,940,000
Amortization of purchased intangibles	$	61,000	$	—	$	—		$	61,000
Depreciation	$	83,000	$	45,000	$	1,000		$	129,000
Property, plant and equipment additions	$	673,000	$	11,000	$	—		$	684,000
Goodwill	$	18,476,000	$	—	$	—		$	18,476,000
Total assets	$	174,819,000	$	3,503,000	$	47,264,000		$	225,586,000

For comparison, presented below are summarized operating results and certain financial position data of the Company’s reportable continuing business segments for the three months ended April 30, 2012. As above, the “Other” column includes the Company’s corporate and unallocated expenses.

Three Months Ended April 30, 2012	Power Industry Services			Telecom Infrastructure Services		Other			Consolidated
Net revenues	$	57,728,000		$	5,962,000	$	—		$	63,690,000
Cost of revenues		48,984,000			4,605,000		—			53,589,000
Gross profit		8,744,000			1,357,000		—			10,101,000
Selling, general and administrative expenses		1,558,000			440,000		1,030,000			3,028,000
Income (loss) from operations		7,186,000			917,000		(1,030,000	)		7,073,000
Other income (expense), net		(9,000	)		—		—			(9,000	)
Income (loss) before income taxes	$	7,177,000		$	917,000	$	(1,030,000	)		7,064,000
Income tax expense										2,517,000
Income from continuing operations									$	4,547,000
Amortization of purchased intangibles	$	61,000		$	—	$	—		$	61,000
Depreciation	$	58,000		$	58,000	$	1,000		$	117,000
Property, plant and equipment additions	$	1,026,000		$	138,000	$	—		$	1,164,000
Goodwill	$	18,476,000		$	—	$	—		$	18,476,000
Total assets	$	177,183,000		$	4,819,000	$	42,687,000		$	224,689,000