Segment Reporting Disclosure [Text Block] |
6. OPERATING SEGMENTSWe manage and measure performance of our business in four distinct operating segments: Communications, Residential, Infrastructure Solutions, and Commercial & Industrial. These segments are reflective of how the Company’s Chief Operating Decision Maker (“CODM”) reviews operating results for the purpose of allocating resources and assessing performance. The Company’s CODM is its Chief Executive Officer. Transactions between segments, if any, are eliminated in consolidation. Our corporate organization provides general and administrative services, as well as support services, to each of our four operating segments. Management allocates certain shared costs between segments for selling, general and administrative expenses.
Segment information for the three and nine months ended June 30, 2022 and 2021 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2022 | | | Communications | | Residential | | Infrastructure Solutions | | Commercial & Industrial | | Corporate | | Total | Revenues | $ | 144,748 | | | $ | 301,763 | | | $ | 39,837 | | | $ | 80,953 | | | $ | — | | | $ | 567,301 | | Cost of services | 128,952 | | | 248,928 | | | 33,726 | | | 72,895 | | | — | | | 484,501 | | Gross profit | 15,796 | | | 52,835 | | | 6,111 | | | 8,058 | | | — | | | 82,800 | | Selling, general and administrative | 11,544 | | | 37,237 | | | 6,484 | | | 7,788 | | | 4,037 | | | 67,090 | | Contingent consideration | — | | | 70 | | | — | | | — | | | — | | | 70 | | Loss (gain) on sale of assets | (1) | | | 6 | | | — | | | (2) | | | — | | | 3 | | Operating income (loss) | $ | 4,253 | | | $ | 15,522 | | | $ | (373) | | | $ | 272 | | | $ | (4,037) | | | $ | 15,637 | | Other data: | | | | | | | | | | | | | Depreciation and amortization expense | $ | 394 | | | $ | 3,863 | | | $ | 1,427 | | | $ | 645 | | | $ | 43 | | | $ | 6,372 | | | Capital expenditures | $ | 424 | | | $ | 1,115 | | | $ | 3,071 | | | $ | 372 | | | $ | — | | | $ | 4,982 | | | Total assets | $ | 196,520 | | | $ | 376,328 | | | $ | 152,405 | | | $ | 111,782 | | | $ | 47,357 | | | $ | 884,392 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2021 | | | Communications | | Residential | | Infrastructure Solutions | | Commercial & Industrial | | Corporate | | Total | Revenues | $ | 116,218 | | | $ | 186,449 | | | $ | 39,117 | | | $ | 64,087 | | | $ | — | | | $ | 405,871 | | Cost of services | 95,582 | | | 152,778 | | | 28,374 | | | 56,308 | | | — | | | 333,042 | | Gross profit | 20,636 | | | 33,671 | | | 10,743 | | | 7,779 | | | — | | | 72,829 | | Selling, general and administrative | 10,783 | | | 22,634 | | | 5,961 | | | 6,781 | | | 4,183 | | | 50,342 | | Contingent consideration | — | | | 69 | | | — | | | — | | | — | | | 69 | | Loss (gain) on sale of assets | (7) | | | 8 | | | (1) | | | (32) | | | — | | | (32) | | Operating income (loss) | $ | 9,860 | | | $ | 10,960 | | | $ | 4,783 | | | $ | 1,030 | | | $ | (4,183) | | | $ | 22,450 | | Other data: | | | | | | | | | | | | | Depreciation and amortization expense | $ | 341 | | | $ | 3,456 | | | $ | 1,553 | | | $ | 673 | | | $ | 39 | | | $ | 6,062 | | | Capital expenditures | $ | 187 | | | $ | 641 | | | $ | 1,034 | | | $ | 525 | | | $ | — | | | $ | 2,387 | | | Total assets | $ | 141,004 | | | $ | 308,411 | | | $ | 136,741 | | | $ | 76,278 | | | $ | 53,496 | | | $ | 715,930 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended June 30, 2022 | | | | Communications | | Residential | | Infrastructure Solutions | | Commercial & Industrial | | Corporate | | Total | | Revenues | $ | 402,776 | | | $ | 803,945 | | | $ | 123,666 | | | $ | 219,016 | | | $ | — | | | $ | 1,549,403 | | | Cost of services | 355,360 | | | 662,928 | | | 102,774 | | | 207,307 | | | — | | | 1,328,369 | | | Gross profit | 47,416 | | | 141,017 | | | 20,892 | | | 11,709 | | | — | | | 221,034 | | | Selling, general and administrative | 33,907 | | | 101,808 | | | 18,933 | | | 23,504 | | | 11,770 | | | 189,922 | | | Contingent consideration | — | | | 208 | | | — | | | — | | | — | | | 208 | | | Loss (gain) on sale of assets | (14) | | | 14 | | | (28) | | | (42) | | | — | | | (70) | | | Operating income (loss) | $ | 13,523 | | | $ | 38,987 | | | $ | 1,987 | | | $ | (11,753) | | | $ | (11,770) | | | $ | 30,974 | | | Other data: | | | | | | | | | | | | | | Depreciation and amortization expense | $ | 1,115 | | | $ | 11,436 | | | $ | 4,155 | | | $ | 1,922 | | | $ | 114 | | | $ | 18,742 | | | | Capital expenditures | $ | 1,768 | | | $ | 9,006 | | | $ | 14,210 | | | $ | 1,457 | | | $ | 168 | | | $ | 26,609 | | | | Total assets | $ | 196,520 | | | $ | 376,328 | | | $ | 152,405 | | | $ | 111,782 | | | $ | 47,357 | | | $ | 884,392 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended June 30, 2021 | | | Communications | | Residential | | Infrastructure Solutions | | Commercial & Industrial | | Corporate | | Total | Revenues | $ | 309,460 | | | $ | 456,276 | | | $ | 108,234 | | | $ | 178,700 | | | $ | — | | | $ | 1,052,670 | | Cost of services | 250,738 | | | 368,887 | | | 76,999 | | | 159,664 | | | — | | | 856,288 | | Gross profit | 58,722 | | | 87,389 | | | 31,235 | | | 19,036 | | | — | | | 196,382 | | Selling, general and administrative | 29,739 | | | 61,570 | | | 17,787 | | | 19,949 | | | 11,738 | | | 140,783 | | Contingent consideration | — | | | 142 | | | — | | | — | | | — | | | 142 | | Loss (gain) on sale of assets | (7) | | | 60 | | | (1) | | | (49) | | | (27) | | | (24) | | Operating income (loss) | $ | 28,990 | | | $ | 25,617 | | | $ | 13,449 | | | $ | (864) | | | $ | (11,711) | | | $ | 55,481 | | Other data: | | | | | | | | | | | | | Depreciation and amortization expense | $ | 1,035 | | | $ | 8,165 | | | $ | 4,548 | | | $ | 2,050 | | | $ | 112 | | | $ | 15,910 | | | Capital expenditures | $ | 452 | | | $ | 2,118 | | | $ | 1,542 | | | $ | 1,190 | | | $ | 89 | | | $ | 5,391 | | | Total assets | $ | 141,004 | | | $ | 308,411 | | | $ | 136,741 | | | $ | 76,278 | | | $ | 53,496 | | | $ | 715,930 | |
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