XML 23 R12.htm IDEA: XBRL DOCUMENT v3.22.2
Operating Segments
9 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
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
CommunicationsResidentialInfrastructure SolutionsCommercial & IndustrialCorporateTotal
Revenues$144,748 $301,763 $39,837 $80,953 $— $567,301 
Cost of services128,952 248,928 33,726 72,895 — 484,501 
Gross profit15,796 52,835 6,111 8,058 — 82,800 
Selling, general and administrative11,544 37,237 6,484 7,788 4,037 67,090 
Contingent consideration— 70 — — — 70 
Loss (gain) on sale of assets(1)— (2)— 
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
CommunicationsResidentialInfrastructure SolutionsCommercial & IndustrialCorporateTotal
Revenues$116,218 $186,449 $39,117 $64,087 $— $405,871 
Cost of services95,582 152,778 28,374 56,308 — 333,042 
Gross profit20,636 33,671 10,743 7,779 — 72,829 
Selling, general and administrative10,783 22,634 5,961 6,781 4,183 50,342 
Contingent consideration— 69 — — — 69 
Loss (gain) on sale of assets(7)(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
CommunicationsResidentialInfrastructure SolutionsCommercial & IndustrialCorporateTotal
Revenues$402,776 $803,945 $123,666 $219,016 $— $1,549,403 
Cost of services355,360 662,928 102,774 207,307 — 1,328,369 
Gross profit47,416 141,017 20,892 11,709 — 221,034 
Selling, general and administrative33,907 101,808 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
CommunicationsResidentialInfrastructure SolutionsCommercial & IndustrialCorporateTotal
Revenues$309,460 $456,276 $108,234 $178,700 $— $1,052,670 
Cost of services250,738 368,887 76,999 159,664 — 856,288 
Gross profit58,722 87,389 31,235 19,036 — 196,382 
Selling, general and administrative29,739 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