Segment Reporting

9 Months Ended

Oct. 31, 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 October 31, 2013. The “Other” columns include the Company’s corporate and unallocated expenses.

Three Months Ended October 31, 2013	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
Net revenues	$	61,103,000	$	2,349,000	$	—		$	63,452,000
Cost of revenues		38,012,000		1,564,000		—			39,576,000
Gross profit		23,091,000		785,000		—			23,876,000
Selling, general and administrative expenses		1,814,000		344,000		1,387,000			3,545,000
Income (loss) from operations		21,277,000		441,000		(1,387,000	)		20,331,000
Other income (expense), net		260,000		—		1,000			261,000
Income (loss) from continuing operations before income taxes	$	21,537,000	$	441,000	$	(1,386,000	)		20,592,000
Income tax expense									8,143,000
Income from continuing operations								$	12,449,000
Amortization of purchased intangibles	$	61,000	$	—	$	—		$	61,000
Depreciation	$	96,000	$	45,000	$	1,000		$	142,000
Property, plant and equipment additions	$	69,000	$	15,000	$	—		$	84,000
Goodwill	$	18,476,000	$	—	$	—		$	18,476,000
Total assets	$	216,492,000	$	2,381,000	$	41,575,000		$	260,448,000

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 October 31, 2012.

Three Months Ended October 31, 2012	Power Industry Services			Telecom Infrastructure Services		Other			Consolidated
Net revenues	$	70,527,000		$	3,959,000	$	—		$	74,486,000
Cost of revenues		58,173,000			3,177,000		—			61,350,000
Gross profit		12,354,000			782,000		—			13,136,000
Selling, general and administrative expenses		2,042,000			452,000		1,286,000			3,780,000
Income (loss) from operations		10,312,000			330,000		(1,286,000	)		9,356,000
Other income (expense), net		(12,000	)		—		1,000			(11,000	)
Income (loss) from continuing operations before income taxes	$	10,300,000		$	330,000	$	(1,285,000	)		9,345,000
Income tax expense										3,632,000
Income from continuing operations									$	5,713,000
Amortization of purchased intangibles	$	61,000		$	—	$	—		$	61,000
Depreciation	$	77,000		$	58,000	$	1,000		$	136,000
Property, plant and equipment additions	$	2,092,000		$	47,000	$	—		$	2,139,000
Goodwill	$	18,476,000		$	—	$	—		$	18,476,000
Total assets	$	198,531,000		$	3,995,000	$	52,459,000		$	254,985,000

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

Nine Months Ended October 31, 2013	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
Net revenues	$	160,392,000	$	7,572,000	$	—		$	167,964,000
Cost of revenues		104,062,000		5,741,000		—			109,803,000
Gross profit		56,330,000		1,831,000		—			58,161,000
Selling, general and administrative expenses		5,254,000		991,000		2,344,000			8,589,000
Income (loss) from operations		51,076,000		840,000		(2,344,000	)		49,572,000
Gains on the deconsolidation of VIEs		2,444,000		—		—			2,444,000
Other income (expense), net		825,000		—		2,000			827,000
Income (loss) from continuing operations before income taxes	$	54,345,000	$	840,000	$	(2,342,000	)		52,843,000
Income tax expense									19,531,000
Income from continuing operations								$	33,312,000
Amortization of purchased intangibles	$	182,000	$	—	$	—		$	182,000
Depreciation	$	268,000	$	137,000	$	2,000		$	407,000
Property, plant and equipment additions	$	880,000	$	62,000	$	—		$	942,000

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

Nine Months Ended October 31, 2012	Power Industry Services			Telecom Infrastructure Services		Other			Consolidated
Net revenues	$	206,364,000		$	14,430,000	$	—		$	220,794,000
Cost of revenues		173,339,000			11,339,000		—			184,678,000
Gross profit		33,025,000			3,091,000		—			36,116,000
Selling, general and administrative expenses		5,533,000			1,333,000		3,239,000			10,105,000
Income (loss) from operations		27,492,000			1,758,000		(3,239,000	)		26,011,000
Other income (expense), net		(31,000	)		—		2,000			(29,000	)
Income (loss) from continuing operations before income taxes	$	27,461,000		$	1,758,000	$	(3,237,000	)		25,982,000
Income tax expense										9,741,000
Income from continuing operations									$	16,241,000
Amortization of purchased intangibles	$	182,000		$	—	$	—		$	182,000
Depreciation	$	205,000		$	178,000	$	2,000		$	385,000
Property, plant and equipment additions	$	5,707,000		$	221,000	$	—		$	5,928,000