Operating Segments

6 Months Ended

Mar. 31, 2019

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 Chief Executive Officer.

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 and six months ended March 31, 2019, and 2018 is as follows:

		Three Months Ended March 31, 2019
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	79,975	$	70,437	$	34,450	$	72,052	$	-	$	256,914
Cost of services				71,184		58,492		27,004		56,999		-		213,679
Gross profit				8,791		11,945		7,446		15,053		-		43,235
Selling, general and administrative				7,363		7,666		4,685		11,187		4,169		35,070
Contingent consideration				-		-		(149)		-		-		(149)
Loss (gain) on sale of assets				(1)		-		101		(2)		-		98
Operating income (loss)			$	1,429	$	4,279	$	2,809	$	3,868	$	(4,169)	$	8,216
Other data:
	Depreciation and amortization expense		$	629	$	426	$	1,175	$	217	$	27	$	2,474
	Capital expenditures		$	615	$	193	$	635	$	398	$	-	$	1,841
	Total assets		$	77,898	$	91,960	$	114,739	$	55,417	$	77,257	$	417,271

		Three Months Ended March 31, 2018
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	65,589	$	50,244	$	23,866	$	65,978	$	-	$	205,677
Cost of services				59,068		40,892		18,842		53,035		-		171,837
Gross profit				6,521		9,352		5,024		12,943		-		33,840
Selling, general and administrative				6,849		6,201		4,637		9,688		2,272		29,647
Contingent consideration				-		-		71		-		-		71
Loss (gain) on sale of assets				(17)		(8)		6		(1)		-		(20)
Operating income (loss)			$	(311)	$	3,159	$	310	$	3,256	$	(2,272)	$	4,142
Other data:
	Depreciation and amortization expense		$	527	$	219	$	1,140	$	155	$	20	$	2,061
	Capital expenditures		$	413	$	398	$	205	$	108	$	-	$	1,124
	Total assets		$	72,559	$	60,102	$	100,884	$	47,695	$	103,747	$	384,987

		Six Months Ended March 31, 2019
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	152,558	$	139,762	$	63,929	$	144,507	$	-	$	500,756
Cost of services				135,092		115,851		50,556		114,421		-		415,920
Gross profit				17,466		23,911		13,373		30,086		-		84,836
Selling, general and administrative				14,079		14,600		9,166		22,324		6,987		67,156
Contingent consideration				-		-		(115)		-		-		(115)
Loss (gain) on sale of assets				(4)		-		101		(2)		-		95
Operating income (loss)			$	3,391	$	9,311	$	4,221	$	7,764	$	(6,987)	$	17,700
Other data:
	Depreciation and amortization expense		$	1,255	$	841	$	2,269	$	426	$	55	$	4,846
	Capital expenditures		$	1,467	$	693	$	822	$	845	$	102	$	3,929
	Total assets		$	77,898	$	91,960	$	114,739	$	55,417	$	77,257	$	417,271

		Six Months Ended March 31, 2018
			Commercial &				Infrastructure
			Industrial		Communications		Solutions		Residential		Corporate		Total
Revenues			$	118,591	$	104,703	$	45,551	$	135,132	$	-	$	403,977
Cost of services				107,227		86,231		35,842		107,773		-		337,073
Gross profit				11,364		18,472		9,709		27,359		-		66,904
Selling, general and administrative				12,644		12,285		9,194		20,054		5,559		59,736
Contingent consideration				-		-		71		-		-		71
Loss (gain) on sale of assets				(29)		(9)		5		(1)		-		(34)
Operating income (loss)			$	(1,251)	$	6,196	$	439	$	7,306	$	(5,559)	$	7,131
Other data:
	Depreciation and amortization expense		$	1,084	$	435	$	2,383	$	296	$	71	$	4,269
	Capital expenditures		$	923	$	473	$	345	$	586	$	-	$	2,327
	Total assets		$	72,559	$	60,102	$	100,884	$	47,695	$	103,747	$	384,987