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Segment Information (Tables)
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Components of Segment Revenues and Adjusted EBITDA

Segment revenues and Adjusted EBITDA consisted of the following:

 

 

 

Three Months Ended March 31,

 

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Segment

 

 

 

 

 

 

Segment

 

 

 

 

Segment

 

 

Adjusted

 

 

Segment

 

 

Adjusted

 

 

 

 

Revenues

 

 

EBITDA

 

 

Revenues

 

 

EBITDA

 

 

Assessment, Permitting and Response

 

$

75,262

 

 

$

15,804

 

 

$

4,530

 

 

$

1,442

 

 

Measurement and Analysis

 

 

33,440

 

 

 

4,860

 

 

 

36,440

 

 

 

7,379

 

 

Remediation and Reuse

 

 

25,115

 

 

 

2,481

 

 

 

20,061

 

 

 

2,107

 

 

Total Operating Segments

 

 

133,817

 

 

 

23,145

 

 

 

61,031

 

 

 

10,928

 

 

Corporate and Other

 

 

 

 

 

(6,345

)

 

 

 

 

 

(5,375

)

 

Total

 

$

133,817

 

 

$

16,800

 

 

$

61,031

 

 

$

5,553

 

 

Reconciliation of Segment Measure to Loss Before (Expense) Benefit from Income Taxes

Presented below is a reconciliation of the Company’s segment measure to loss before (expense) benefit from income taxes:

 

 

 

For the Three Months

Ended March 31,

 

 

 

 

2021

 

 

2020

 

 

Total

 

$

16,800

 

 

$

5,553

 

 

Interest expense, net

 

 

(2,688

)

 

 

(2,593

)

 

Income tax (expense) benefit

 

 

(2

)

 

 

3,152

 

 

Depreciation and amortization

 

 

(10,769

)

 

 

(7,560

)

 

Stock-based compensation

 

 

(1,805

)

 

 

(1,150

)

 

Start-up losses and investment in new services

 

 

(968

)

 

 

(379

)

 

Acquisition costs

 

 

(237

)

 

 

(1,307

)

 

Fair value changes in financial instruments

 

 

(602

)

 

 

(29,626

)

 

Fair value changes in business acquisitions contingent consideration

 

 

(11,064

)

 

 

 

 

Short term purchase accounting fair value adjustment

   to deferred revenue

 

 

 

 

 

(243

)

 

Initial public offering expense

 

 

 

 

 

(531

)

 

Discontinued services (i)

 

 

 

 

 

(6,417

)

 

Expenses related to financing transactions

 

 

(50

)

 

 

 

 

Other losses or expenses

 

 

(211

)

 

 

(147

)

 

Net loss

 

$

(11,596

)

 

$

(41,248

)

 

 

(i)During the first quarter of 2020, the Company determined to reduce the footprint of its environmental lab in Berkeley, California, and to exit its non-specialized municipal water engineering service line and its food waste biogas engineering service line. As a part of discontinuing service lines, the Company made the decision to book an additional bad debt reserve related to the uncertainty around the ability to collect on receivables related to these service lines (Note 3). It was determined that the discontinuation of these service lines did not represent a strategic shift that had (or will have) a major effect on the Company’s operations and financial results therefore did not meet the requirements to be classified as discontinued operations.