Operating Segments

3 Months Ended

Dec. 31, 2018

6. OPERATING SEGMENTS

We manage and measure performance of our business in four distinct operating segments: Commercial & Industrial, Communications, Infrastructure Solutions and Residential. 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 President.

Transactions between segments, if any, are eliminated in consolidation. Our corporate office provides general and administrative, as well as support services, to our four operating segments. Management allocates certain shared costs between segments for selling, general and administrative expenses and depreciation expense.

Segment information for the three months ended December 31, 2018, and 2017 is as follows:

		Three Months Ended December 31, 2018
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	72,583	$	69,325	$	29,479	$	72,455	$	-	$	243,842
Cost of services				63,908		57,359		23,552		57,422		-		202,241
Gross profit				8,675		11,966		5,927		15,033		-		41,601
Selling, general and administrative				6,716		6,934		4,481		11,137		2,818		32,086
Contingent consideration				-		-		34		-		-		34
Loss (gain) on sale of assets				(3)		-		-		-		-		(3)
Operating income (loss)			$	1,962	$	5,032	$	1,412	$	3,896	$	(2,818)	$	9,484
Other data:
	Depreciation and amortization expense		$	626	$	415	$	1,094	$	209	$	28	$	2,372
	Capital expenditures		$	852	$	500	$	187	$	447	$	102	$	2,088
	Total assets		$	78,924	$	88,534	$	114,475	$	55,352	$	85,852	$	423,137

		Three Months Ended December 31, 2017
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	53,002	$	54,459	$	21,685	$	69,154	$	-	$	198,300
Cost of services				48,159		45,339		17,000		54,738		-		165,236
Gross profit				4,843		9,120		4,685		14,416		-		33,064
Selling, general and administrative				5,795		6,084		4,557		10,366		3,287		30,089
Loss (gain) on sale of assets				(12)		(1)		(1)		-		-		(14)
Operating income (loss)			$	(940)	$	3,037	$	129	$	4,050	$	(3,287)	$	2,989
Other data:
	Depreciation and amortization expense		$	557	$	216	$	1,243	$	141	$	51	$	2,208
	Capital expenditures		$	510	$	75	$	140	$	478	$	-	$	1,203
	Total assets		$	63,085	$	66,522	$	101,026	$	50,342	$	99,691	$	380,666