Segment Reporting

6 Months Ended

Jul. 31, 2013

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 13—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 July 31, 2013. The “Other” columns include the Company’s corporate and unallocated expenses.

Three Months Ended July 31, 2013	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
Net revenues	$	55,520,000	$	2,344,000	$	—		$	57,864,000
Cost of revenues		34,804,000		1,803,000		—			36,607,000
Gross profit		20,716,000		541,000		—			21,257,000
Selling, general and administrative expenses		1,626,000		330,000		(355,000	)		1,601,000
Income (loss) from operations		19,090,000		211,000		355,000			19,656,000
Gains on the deconsolidation of VIEs		1,324,000		—		—			1,324,000
Other income (expense), net		409,000		—		1,000			410,000
Income (loss) from continuing operations before income taxes	$	20,823,000	$	211,000	$	356,000			21,390,000
Income tax expense									7,467,000
Income from continuing operations								$	13,923,000
Amortization of purchased intangibles	$	61,000	$	—	$	—		$	61,000
Depreciation	$	89,000	$	46,000	$	1,000		$	136,000
Property, plant and equipment additions	$	141,000	$	33,000	$	—		$	174,000
Goodwill	$	18,476,000	$	—	$	—		$	18,476,000
Total assets	$	150,254,000	$	2,718,000	$	53,776,000		$	206,748,000

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 July 31, 2012.

Three Months Ended July 31, 2012	Power Industry Services			Telecom Infrastructure Services		Other			Consolidated
Net revenues	$	78,109,000		$	4,510,000	$	—		$	82,619,000
Cost of revenues		66,182,000			3,558,000		—			69,740,000
Gross profit		11,927,000			952,000		—			12,879,000
Selling, general and administrative expenses		1,932,000			441,000		924,000			3,297,000
Income (loss) from operations		9,995,000			511,000		(924,000	)		9,582,000
Other income (expense), net		(11,000	)		—		1,000			(10,000	)
Income (loss) from continuing operations before income taxes	$	9,984,000		$	511,000	$	(923,000	)		9,572,000
Income tax expense										3,591,000
Income from continuing operations									$	5,981,000
Amortization of purchased intangibles	$	61,000		$	—	$	—		$	61,000
Depreciation	$	69,000		$	62,000	$	1,000		$	132,000
Property, plant and equipment additions	$	2,591,000		$	36,000	$	—		$	2,627,000
Goodwill	$	18,476,000		$	—	$	—		$	18,476,000
Total assets	$	195,250,000		$	4,117,000	$	46,096,000		$	245,463,000

Presented below are summarized operating results and certain financial position data of the Company’s reportable continuing business segments for the six months ended July 31, 2013. The “Other” column includes the Company’s corporate and unallocated expenses.

Six Months Ended July 31, 2013	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
Net revenues	$	99,289,000	$	5,223,000	$	—		$	104,512,000
Cost of revenues		66,050,000		4,177,000		—			70,227,000
Gross profit		33,239,000		1,046,000		—			34,285,000
Selling, general and administrative expenses		3,441,000		646,000		957,000			5,044,000
Income (loss) from operations		29,798,000		400,000		(957,000	)		29,241,000
Gains on the deconsolidation of VIEs		2,444,000		—		—			2,444,000
Other income (expense), net		564,000		—		2,000			566,000
Income (loss) from continuing operations before income taxes	$	32,806,000	$	400,000	$	(955,000	)		32,251,000
Income tax expense									11,388,000
Income from continuing operations								$	20,863,000
Amortization of purchased intangibles	$	121,000	$	—	$	—		$	121,000
Depreciation	$	172,000	$	91,000	$	2,000		$	265,000
Property, plant and equipment additions	$	807,000	$	44,000	$	—		$	851,000

For comparison, presented below are summarized operating results and certain financial position data of the Company’s reportable continuing business segments for the six months ended July 31, 2012.

Six Months Ended July 31, 2012	Power Industry Services			Telecom Infrastructure Services		Other			Consolidated
Net revenues	$	135,837,000		$	10,472,000	$	—		$	146,309,000
Cost of revenues		115,166,000			8,163,000		—			123,329,000
Gross profit		20,671,000			2,309,000		—			22,980,000
Selling, general and administrative expenses		3,491,000			881,000		1,953,000			6,325,000
Income (loss) from operations		17,180,000			1,428,000		(1,953,000	)		16,655,000
Other income (expense), net		(20,000	)		—		1,000			(19,000	)
Income (loss) from continuing operations before income taxes	$	17,160,000		$	1,428,000	$	(1,952,000	)		16,636,000
Income tax expense										6,108,000
Income from continuing operations									$	10,528,000
Amortization of purchased intangibles	$	121,000		$	—	$	—		$	121,000
Depreciation	$	127,000		$	120,000	$	2,000		$	249,000
Property, plant and equipment additions	$	3,617,000		$	174,000	$	—		$	3,791,000