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Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Components of Segment Revenues and Adjusted EBITDA

Segment revenues and Adjusted EBITDA consisted of the following:

 

 

 

Three Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

Segment

 

 

 

 

 

Segment

 

 

 

Segment

 

 

Adjusted

 

 

Segment

 

 

Adjusted

 

 

 

Revenues

 

 

EBITDA

 

 

Revenues

 

 

EBITDA

 

Assessment, Permitting and Response

 

$

50,037

 

 

$

10,809

 

 

$

70,705

 

 

$

14,856

 

Measurement and Analysis

 

 

42,224

 

 

 

7,047

 

 

 

39,117

 

 

 

9,491

 

Remediation and Reuse

 

 

47,649

 

 

 

7,056

 

 

 

26,402

 

 

 

4,309

 

Total Operating Segments

 

 

139,910

 

 

 

24,912

 

 

 

136,224

 

 

 

28,656

 

Corporate and Other

 

 

 

 

 

(8,399

)

 

 

 

 

 

(7,693

)

Total

 

$

139,910

 

 

$

16,513

 

 

$

136,224

 

 

$

20,963

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

Segment

 

 

 

 

 

Segment

 

 

 

Segment

 

 

Adjusted

 

 

Segment

 

 

Adjusted

 

 

 

Revenues

 

 

EBITDA

 

 

Revenues

 

 

EBITDA

 

Assessment, Permitting and Response

 

$

95,637

 

 

$

20,432

 

 

$

145,967

 

 

$

30,660

 

Measurement and Analysis

 

 

81,985

 

 

 

13,369

 

 

 

72,557

 

 

 

14,351

 

Remediation and Reuse

 

 

96,968

 

 

 

15,049

 

 

 

51,517

 

 

 

6,790

 

Total Operating Segments

 

 

274,590

 

 

 

48,850

 

 

 

270,041

 

 

 

51,801

 

Corporate and Other

 

 

 

 

 

(15,886

)

 

 

 

 

 

(14,039

)

Total

 

$

274,590

 

 

$

32,964

 

 

$

270,041

 

 

$

37,762

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 June 30,

 

 

For the Six Months
Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Total

 

$

16,513

 

 

$

20,963

 

 

$

32,964

 

 

$

37,762

 

Interest expense, net

 

 

(1,518

)

 

 

(6,798

)

 

 

(2,610

)

 

 

(9,486

)

Income tax (expense) benefit

 

 

(831

)

 

 

256

 

 

 

(2,100

)

 

 

254

 

Depreciation and amortization

 

 

(12,280

)

 

 

(9,878

)

 

 

(24,424

)

 

 

(21,674

)

Stock-based compensation

 

 

(10,932

)

 

 

(2,417

)

 

 

(21,357

)

 

 

(4,222

)

Start-up losses and investment in new services

 

 

(885

)

 

 

(1,122

)

 

 

(1,671

)

 

 

(2,090

)

Acquisition costs

 

 

(519

)

 

 

(506

)

 

 

(986

)

 

 

(743

)

Fair value changes in financial instruments

 

 

407

 

 

 

(518

)

 

 

2,856

 

 

 

(1,120

)

Fair value changes in business acquisition
   contingencies

 

 

3,510

 

 

 

(12,971

)

 

 

3,531

 

 

 

(24,035

)

Expenses related to financing transactions

 

 

 

 

 

 

 

 

(7

)

 

 

(50

)

Other losses or expenses (1)

 

 

(1,216

)

 

 

(157

)

 

 

(1,483

)

 

 

(675

)

Net loss

 

$

(7,751

)

 

$

(13,148

)

 

$

(15,287

)

 

$

(26,079

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) In 2022, amounts include costs associated with the closing of a lab. In 2021, amounts include non-operational charges incurred due to the remeasurement of finance leases as a result of the adoption of ASC 842 and costs related to the implementation of a new ERP.