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Business Segment Information
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Business Segment Information BUSINESS SEGMENT INFORMATIONThe Company reports results under ASC 280, Segment Reporting. The Company’s reportable segments are U.S. Regions, U.S. Federal, Canada and Non-Solar Distributed Generation (“DG”). The Company’s U.S. Regions, U.S. Federal and Canada segments offer energy efficiency products and services, which include the design, engineering and installation of equipment and other measures to improve the efficiency and control the operation of a facility’s energy infrastructure, renewable energy solutions and services, which include the construction of small-scale plants that the company owns or develops for customers that produce electricity, gas, heat or cooling from renewable sources of energy and O&M services. The Company’s Non-Solar DG segment sells electricity, processed renewable gas fuel, heat or cooling, produced from renewable sources of energy, other
than solar, and generated by small-scale plants that the Company owns and O&M services for customer owned small-scale plants. The “All Other” category offers enterprise energy management services, consulting services and the sale of solar-PV energy products and systems which we refer to as integrated PV.
These segments do not include results of other activities, such as corporate operating expenses not specifically allocated to the segments. Certain reportable segments are an aggregation of operating segments. The reports of the Company’s chief operating decision maker do not include assets at the operating segment level. The accounting policies are the same as those described in the summary of significant accounting policies in Note 2 included in the Company’s annual report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission on March 4, 2020.
An analysis of the Company’s business segment information and reconciliation to the condensed consolidated financial statements is as follows:
U.S. Regions U.S. Federal Canada Non-Solar DG All Other Total Consolidated
Three Months Ended June 30, 2020
Revenues$88,702  $84,491  $9,035  $23,129  $17,679  $223,036  
Interest income34  34  —   —  70  
Interest expense2,190  345  165  1,128  18  3,846  
Depreciation and amortization of intangible assets3,000  941  381  5,420  429  10,171  
Unallocated corporate activity—  —  —  —  —  (10,397) 
Income before taxes, excluding unallocated corporate activity5,012  9,945  516  2,904  856  19,233  
Three Months Ended June 30, 2019
Revenues$88,220  $55,022  $7,883  $23,265  $23,793  $198,183  
Interest income—  19  —  23  39  81  
Interest expense1,713  208  174  1,285  —  3,380  
Depreciation and amortization of intangible assets2,464  806  315  5,686  376  9,647  
Unallocated corporate activity—  —  —  —  —  (8,841) 
Income before taxes, excluding unallocated corporate activity2,458  10,043  241  3,400  2,010  18,152  
Six Months Ended June 30, 2020
Revenues$173,429  $153,236  $20,427  $45,853  $42,504  $435,449  
Interest income70  74  —  16  —  160  
Interest expense3,671  1,091  337  2,173  33  7,305  
Depreciation and amortization of intangible assets5,763  1,958  772  10,707  805  20,005  
Unallocated corporate activity—  —  —  —  —  (20,741) 
Income before taxes, excluding unallocated corporate activity8,735  17,039  295  4,573  3,068  33,710  
Six Months Ended June 30, 2019
Revenues$143,817  $98,079  $15,031  $44,495  $46,873  $348,295  
Interest income63  68  —  44  39  214  
Interest expense2,570  418  338  2,862  —  6,188  
Depreciation and amortization of intangible assets4,646  1,623  590  10,902  724  18,485  
Unallocated corporate activity—  —  —  —  —  (16,849) 
Income (loss) before taxes, excluding unallocated corporate activity2,180  15,664  (48) 4,781  6,711  29,288