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

Segment revenues and Adjusted EBITDA for the years ended December 31, consisted of the following:

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

 

Segment

Revenues

 

 

Segment

Adjusted

EBITDA

 

 

Segment

Revenues

 

 

Segment

Adjusted

EBITDA

 

 

Segment

Revenues

 

 

Segment

Adjusted

EBITDA

 

 

Assessment, Permitting and Response

 

$

261,865

 

 

$

57,128

 

 

$

98,521

 

 

$

24,208

 

 

$

21,071

 

 

$

7,572

 

 

Measurement and Analysis

 

 

153,208

 

 

 

31,270

 

 

 

151,557

 

 

 

39,386

 

 

 

135,531

 

 

 

27,828

 

 

Remediation and Reuse

 

 

131,340

 

 

 

19,326

 

 

 

78,165

 

 

 

8,938

 

 

 

77,252

 

 

 

9,736

 

 

Total Operating Segments

 

 

546,413

 

 

 

107,724

 

 

 

328,243

 

 

 

72,532

 

 

 

233,854

 

 

 

45,136

 

 

Corporate and Other

 

 

 

 

 

(30,082

)

 

 

 

 

 

(18,056

)

 

 

 

 

 

(13,641

)

 

Total

 

$

546,413

 

 

$

77,642

 

 

$

328,243

 

 

$

54,476

 

 

$

233,854

 

 

$

31,495

 

 

 

Reconciliation of Segment Measure to Loss Before Benefit from Income Taxes

Presented below is a reconciliation of the Company’s segment measure to loss before benefit from income taxes for the years ended December 31:

 

 

2021

 

 

2020

 

 

2019

 

Total

$

77,642

 

 

$

54,476

 

 

$

31,495

 

Interest expense, net

 

(11,615

)

 

 

(13,819

)

 

 

(6,755

)

Income tax (expense) benefit

 

(1,709

)

 

 

(851

)

 

 

3,121

 

Depreciation and amortization

 

(44,810

)

 

 

(37,274

)

 

 

(27,705

)

Stock-based compensation

 

(10,321

)

 

 

(4,849

)

 

 

(4,345

)

Start-up losses and investment in new services

 

(4,407

)

 

 

(2,182

)

 

 

(1,874

)

Acquisition costs

 

(2,088

)

 

 

(4,344

)

 

 

(3,474

)

Fair value changes in financial instruments

 

(2,195

)

 

 

(20,319

)

 

 

(11,160

)

Fair value changes in business acquisitions

   contingent consideration

 

(24,372

)

 

 

(12,942

)

 

 

(1,392

)

Short term purchase accounting fair value

   adjustment to deferred revenue

 

 

 

 

(243

)

 

 

(858

)

Public offering expense

 

 

 

 

(7,657

)

 

 

(610

)

Discontinued services (i)

 

 

 

 

(5,662

)

 

 

 

Expenses related to financing transactions

 

(50

)

 

 

(378

)

 

 

 

Other losses or expenses

 

(1,400

)

 

 

(1,905

)

 

 

 

Net loss

$

(25,325

)

 

$

(57,949

)

 

$

(23,557

)

 

 

(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 4). 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.