Segment Reporting

6 Months Ended

Jul. 31, 2014

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 business segments for the three months ended July 31, 2014 and 2013. The “Other” columns include the Company’s corporate and unallocated expenses.

Three Months Ended July 31, 2014	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
Revenues	$	100,418,000	$	1,612,000	$	—		$	102,030,000
Cost of revenues		79,261,000		1,205,000		—			80,466,000
Gross profit		21,157,000		407,000		—			21,564,000
Selling, general and administrative expenses		2,769,000		309,000		1,403,000			4,481,000
Income (loss) from operations		18,388,000		98,000		(1,403,000	)		17,083,000
Other income, net		40,000		—		1,000			41,000
Income (loss) before income taxes	$	18,428,000	$	98,000	$	(1,402,000	)		17,124,000
Income tax expense									5,104,000
Net income								$	12,020,000
Amortization of purchased intangibles	$	61,000	$	—	$	—		$	61,000
Depreciation	$	96,000	$	42,000	$	3,000		$	141,000
Property, plant and equipment additions	$	61,000	$	53,000	$	—		$	114,000
Goodwill	$	18,476,000	$	—	$	—		$	18,476,000
Total assets	$	368,450,000	$	2,351,000	$	37,499,000		$	408,300,000

Three Months Ended July 31, 2013	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
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, net		409,000		—		1,000			410,000
Income (loss) before income taxes	$	20,823,000	$	211,000	$	356,000			21,390,000
Income tax expense									7,467,000
Net income								$	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

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, 2014 and 2013. The “Other” columns include the Company’s corporate and unallocated expenses.

Six Months Ended July 31, 2014	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
Revenues	$	150,242,000	$	2,979,000	$	—		$	153,221,000
Cost of revenues		119,311,000		2,296,000		—			121,607,000
Gross profit		30,931,000		683,000		—			31,614,000
Selling, general and administrative expenses		4,556,000		660,000		2,643,000			7,859,000
Income (loss) from operations		26,375,000		23,000		(2,643,000	)		23,755,000
Other income, net		62,000		—		1,000			63,000
Income (loss) before income taxes	$	26,437,000	$	23,000	$	(2,642,000	)		23,818,000
Income tax expense									6,997,000
Net income								$	16,821,000
Amortization of purchased intangibles	$	121,000	$	—	$	—		$	121,000
Depreciation	$	193,000	$	86,000	$	4,000		$	283,000
Property, plant and equipment additions	$	88,000	$	61,000	$	50,000		$	199,000

Six Months Ended July 31, 2013	Power Industry Services		Telecom Infrastructure Services		Other			Consolidated
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, net		564,000		—		2,000			566,000
Income (loss) before income taxes	$	32,806,000	$	400,000	$	(955,000	)		32,251,000
Income tax expense									11,388,000
Net income								$	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