Segment Information

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Information

18. SEGMENT INFORMATION

The Company has three operating and reportable segments: Assessment, Permitting and Response, Measurement and Analysis and Remediation and Reuse. These segments are monitored separately by management for performance against budget and prior year and are consistent with internal financial reporting. The Company’s operating segments are organized based upon primary services provided, the nature of the production process, their type of customers, methods used to distribute the products and the nature of the regulatory environment.

Segment Adjusted EBITDA is the primary measure of operating performance for all three operating segments. Segment Adjusted EBITDA is the calculated Company’s Earnings before Interest, Tax, Depreciation and Amortization (“EBITDA”), adjusted to exclude certain transactions such as stock-based compensation, acquisition costs and fair value changes in financial instruments, amongst others. The Chief Operating Decision Maker (“CODM”) does not review segment assets as a measure of segment performance.

Corporate and Other includes costs associated with general corporate overhead (including executive, legal, finance, safety, human resources, marketing and IT related costs) that are not directly related to supporting operations. Overhead costs that are directly related to supporting operations (such as insurance, software, licenses, shared services and payroll processing costs) are allocated to the operating segments on a basis that reasonably approximates an estimate of the use of these services.

Segment revenues and Adjusted EBITDA consisted of the following:

	Three Months Ended March 31,
	2022					2021
			Segment					Segment
	Segment		Adjusted			Segment		Adjusted
	Revenues		EBITDA			Revenues		EBITDA
Assessment, Permitting and Response	$	45,600	$	9,623		$	75,262	$	15,804
Measurement and Analysis		39,761		6,322			33,440		4,860
Remediation and Reuse		49,319		7,993			25,115		2,481
Total Operating Segments		134,680		23,938			133,817		23,145
Corporate and Other		—		(7,487	)		—		(6,345	)
Total	$	134,680	$	16,451		$	133,817	$	16,800

Presented below is a reconciliation of the Company’s segment measure to net loss:

	For the Three Months Ended March 31,
	2022			2021
Total	$	16,451		$	16,800
Interest expense, net		(1,092	)		(2,688	)
Income tax expense		(1,269	)		(2	)
Depreciation and amortization		(12,144	)		(11,796	)
Stock-based compensation		(10,425	)		(1,805	)
Start-up losses and investment in new services		(786	)		(968	)
Acquisition costs		(467	)		(237	)
Fair value changes in financial instruments		2,449			(602	)
Fair value changes in business acquisitions contingent consideration		21			(11,064	)
Expenses related to financing transactions		(7	)		(50	)
Other losses or expenses		(267	)		(519	)
Net loss	$	(7,536	)	$	(12,931	)