SEGMENT INFORMATION

6 Months Ended

Jun. 28, 2013

SEGMENT INFORMATION

SEGMENT INFORMATION

9.                        SEGMENT INFORMATION

The Company has four reporting segments: Engineering Services, Energy Efficiency Services, Public Finance Services and Homeland Security Services. The Engineering Services segment consists of Willdan Engineering and Public Agency Resources. The Engineering Services segment offers a broad range of engineering and planning services to our public and private sector clients. The Energy Efficiency Services segment, which consists of Willdan Energy Solutions, provides energy efficiency and sustainability consulting services to utilities, state agencies, municipalities, private industry and non-profit organizations. The Public Finance Services segment, which consists of Willdan Financial Services, provides expertise and support for the various financing techniques employed by public agencies to finance their operations and infrastructure along with the mandated reporting and other requirements associated with these financings. The Homeland Security Services segment, which consists of Willdan Homeland Solutions, provides national preparedness, homeland security consulting, public safety and emergency response services to cities, related municipal service agencies and other entities.

The accounting policies applied to determine the segment information are the same as those described in the summary of significant accounting policies included in the Company’s 2012 Annual Report on Form 10-K filed on March 26, 2013. There were no intersegment sales in the three and six months ended June 28, 2013. Management evaluates the performance of each segment based upon income or loss from operations before income taxes. Certain segment asset information including expenditures for long-lived assets has not been presented as it is not reported to or reviewed by the chief operating decision maker. In addition, enterprise-wide service line contract revenue is not included as it is impracticable to report this information for each group of similar services.

Financial information with respect to the reportable segments as of and for the fiscal three and six months ended June 28, 2013 and for the fiscal three and six months ended June 29, 2012 is as follows:

	Engineering Services			Energy Efficiency Services			Public Finance Services		Homeland Security Services			Unallocated Corporate		Intersegment			Consolidated Total
Fiscal Three Months Ended June 28, 2013
Contract revenue	$	8,685,000		$	8,004,000		$	2,650,000	$	1,157,000		$	—	$	—		$	20,496,000
Segment profit before income taxes	328,000			85,000			173,000		94,000			—		—			680,000
Net income	322,000			107,000			168,000		91,000			—		—			688,000
Segment assets(1)	9,345,000			9,062,000			3,802,000		1,297,000			35,182,000		(23,129,000		)	35,558,000
Fiscal Three Months Ended June 29, 2012
Contract revenue	$	8,281,000		$	11,578,000		$	2,603,000	$	1,019,000		$	—	$	—		$	23,481,000
Segment (loss) profit before income taxes	(565,000		)	(19,065,000		)	143,000		(146,000		)	—		—			(19,633,000		)
Net (loss) income	(400,000		)	(16,583,000		)	94,000		(87,000		)	—		—			(16,976,000		)
Segment assets(1)	9,643,000			19,464,000			3,470,000		1,821,000			35,030,000		(23,129,000		)	46,299,000

	Engineering Services			Energy Efficiency Services			Public Finance Services		Homeland Security Services			Unallocated Corporate		Intersegment			Consolidated Total
Fiscal Six Months Ended June 28, 2013
Contract revenue	$	16,910,000		$	17,945,000		$	4,921,000	$	2,105,000		$	—	$	—		$	41,881,000
Segment profit before income taxes	399,000			379,000			240,000		110,000								1,128,000
Net income	385,000			365,000			231,000		106,000			—		—			1,087,000
Segment assets(1)	9,345,000			9,062,000			3,802,000		1,297,000			35,182,000		(23,130,000		)	35,558,000
Fiscal Six Months Ended June 29, 2012
Contract revenue	$	16,140,000		$	25,918,000		$	4,879,000	$	2,012,000		$	—	$	—		$	48,949,000
Segment (loss) profit before income taxes	(1,209,000		)	(20,711,000		)	317,000		(368,000		)	—		—			(21,971,000		)
Net (loss) income	(785,000		)	(17,570,000		)	195,000		(227,000		)	—		—			(18,387,000		)
Segment assets(1)	9,643,000			19,464,000			3,470,000		1,821,000			35,030,000		(23,129,000		)	46,299,000

(1)  Segment assets represent segment assets, net of intercompany receivables.