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Segment Information (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Components of Segment Revenues and Adjusted EBITDA

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Segment Measure to Net Loss

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

)