Operating Segments

6 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

6. OPERATING SEGMENTS

We 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 among segments for selling, general and administrative expenses and depreciation expense.

Segment information for the three and six months ended March 31, 2024 and 2023 is as follows:

		Three Months Ended March 31, 2024
		Communications		Residential		Infrastructure Solutions		Commercial & Industrial		Corporate		Total
Revenues		$	193,503	$	339,372	$	75,789	$	97,069	$	—	$	705,733
Cost of services		154,568		250,702		52,044		76,806		—		534,120
Gross profit		38,935		88,670		23,745		20,263		—		171,613
Selling, general and administrative		16,988		55,258		7,627		8,707		6,692		95,272
Contingent consideration		—		—		—		—		—		—
Gain on sale of assets		(16)		(1,275)		—		(68)		(14)		(1,373)
Operating income (loss)		$	21,963	$	34,687	$	16,118	$	11,624	$	(6,678)	$	77,714
Other data:
	Depreciation and amortization expense	$	866	$	5,012	$	1,229	$	485	$	229	$	7,821
	Capital expenditures	$	936	$	3,424	$	884	$	1,397	$	203	$	6,844
	Total assets	$	230,386	$	396,760	$	200,476	$	98,845	$	174,697	$	1,101,164

		Three Months Ended March 31, 2023
		Communications		Residential		Infrastructure Solutions		Commercial & Industrial		Corporate		Total
Revenues		$	141,120	$	306,112	$	52,616	$	69,033	$	—	$	568,881
Cost of services		115,957		251,281		38,421		62,296		—		467,955
Gross profit		25,163		54,831		14,195		6,737		—		100,926
Selling, general and administrative		13,386		37,999		5,990		6,400		5,574		69,349
Contingent consideration		—		69		—		—		—		69
Gain on sale of assets		(3)		—		—		(99)		—		(102)
Operating income (loss)		$	11,780	$	16,763	$	8,205	$	436	$	(5,574)	$	31,610
Other data:
	Depreciation and amortization expense	$	502	$	4,557	$	1,326	$	412	$	67	$	6,864
	Capital expenditures	$	480	$	2,379	$	560	$	546	$	—	$	3,965
	Total assets	$	188,937	$	389,946	$	173,621	$	87,721	$	48,863	$	889,088