Segment Information

9 Months Ended

Sep. 30, 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 September 30,
	2022					2021
			Segment					Segment
	Segment		Adjusted			Segment		Adjusted
	Revenues		EBITDA			Revenues		EBITDA
Assessment, Permitting and Response	$	46,414	$	9,820		$	63,412	$	15,719
Measurement and Analysis		43,754		8,483			38,752		8,283
Remediation and Reuse		40,144		7,010			30,414		5,472
Total Operating Segments		130,312		25,313			132,578		29,474
Corporate and Other		—		(6,940	)		—		(7,987	)
Total	$	130,312	$	18,373		$	132,578	$	21,487
	Nine Months Ended September 30,
	2022					2021
			Segment					Segment
	Segment		Adjusted			Segment		Adjusted
	Revenues		EBITDA			Revenues		EBITDA
Assessment, Permitting and Response	$	142,051	$	30,252		$	209,379	$	46,379
Measurement and Analysis		125,739		21,852			111,309		22,634
Remediation and Reuse		137,112		22,059			81,931		12,262
Total Operating Segments		404,902		74,163			402,619		81,275
Corporate and Other		—		(22,826	)		—		(22,026	)
Total	$	404,902	$	51,337		$	402,619	$	59,249

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

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2022			2021			2022			2021
Total	$	18,373		$	21,487		$	51,337		$	59,249
Interest expense, net		(1,400	)		(1,722	)		(4,010	)		(11,208	)
Income tax benefit (expense)		208			(902	)		(1,892	)		(648	)
Depreciation and amortization		(11,504	)		(11,471	)		(35,928	)		(33,145	)
Stock-based compensation		(11,018	)		(2,365	)		(32,375	)		(6,587	)
Start-up losses and investment in new services		(1,278	)		(1,186	)		(2,949	)		(3,276	)
Acquisition costs		(368	)		(913	)		(1,354	)		(1,656	)
Fair value changes in financial instruments		1,808			(531	)		4,664			(1,651	)
Fair value changes in business acquisition    contingencies		(59	)		—			3,472			(24,035	)
Expenses related to financing transactions		—			—			(7	)		(50	)
Other losses or expenses (1)		(482	)		(171	)		(1,965	)		(846	)
Net (loss) income	$	(5,720	)	$	2,226		$	(21,007	)	$	(23,853	)

(1) In 2022, amounts include costs associated with the closing of a lab and severance costs related to a restructuring within our soil remediation business. 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.