Operating Segments (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Condensed Consolidated Segment Information

Condensed consolidated segment information for the periods presented is as follows:

	Three months ended June 30,
	2020			2019
(in thousands)				(As Recast)
Statement of Operations Data:
Revenue:
Construction	$	105,937		$	104,759
Service	29,248			27,844
Total revenue	135,185			132,603
Gross profit:
Construction	12,213			10,683
Service	8,122			7,012
Total gross profit	20,335			17,695
Selling, general and administrative expenses:(1)
Construction	8,024			11,229
Service	5,588			5,335
Corporate	140			515
Total selling, general and administrative expenses	13,752			17,079
Amortization of intangibles	274			175
Operating income	$	6,309		$	441
Operating income for reportable segments	$	6,309		$	441
Less unallocated amounts:
Interest expense, net	(2,137		)	(1,597		)
Gain (loss) on sale of property and equipment	(13		)	9
Loss on debt extinguishment	—			(513		)
Gain on change in fair value of warrant liability	(102		)	(103		)
Total unallocated amounts	(2,252		)	(2,204		)
Total consolidated income (loss) before income taxes	$	4,057		$	(1,763	)
Other Data:
Depreciation and amortization:
Construction	$	1,032		$	1,003
Service	330			282
Corporate	274			175
Total other data	$	1,636		$	1,460

	Six months ended June 30,
	2020			2019
(in thousands)				(As Recast)
Statement of Operations Data:
Revenue:
Construction	$	215,423		$	209,219
Service	58,534			57,131
Total revenue	273,957			266,350
Gross profit:
Construction	23,195			23,599
Service	15,364			13,720
Total gross profit	38,559			37,319
Selling, general and administrative expenses:(1)
Construction	18,200			21,681
Service	11,917			10,561
Corporate	435			882
Total selling, general and administrative expenses	30,552			33,124
Amortization of intangibles	417			350
Operating income	$	7,590		$	3,845
Operating income for reportable segments	$	7,590		$	3,845
Less unallocated amounts:
Interest expense, net	(4,295		)	(2,430		)
Gain on sale of property and equipment	17			21
Loss on debt extinguishment	—			(513		)
Gain on change in fair value of warrant liability	59			(103		)
Total unallocated amounts	(4,219		)	(3,025		)
Total consolidated income (loss) before income taxes	$	3,371		$	820
Other Data:
Depreciation and amortization:
Construction	$	2,062		$	1,976
Service	661			547
Corporate	417			350
Total other data	$	3,140		$	2,873

(1) Starting January 1, 2020, we changed the methodology in which we present our corporate selling, general and administrative expenses to our CODM to better reflect the way the business is managed. Under this new methodology, all corporate expenses except for stock-based compensation are allocated to our Construction and Service segments. For comparability purposes, we reclassified our selling, general and administrative expense segment amounts for the three and six months ended June 30, 2019 to align with this updated allocation methodology.