Segment Reporting

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

ASC 280 Segment Reporting establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Historically, the Company managed its business on the basis of one operating

and reportable segment. Concurrent with the acquisition of STI in January 2022, the Company began operating as two segments; Array Legacy Operations and STI Operations.

The following table provides a reconciliation of certain financial information for the Company’s reportable segments to information presented in its condensed consolidated financial statements for the three and six months ended June 30, 2023 and 2022 (in thousands):

	Three Months Ended June 30, 2023						Three Months Ended June 30, 2022
	Array Legacy Operations		STI Operations		Total		Array Legacy Operations		STI Operations		Total
Revenue	$	345,261	$	162,464	$	507,725	$	347,177	$	72,688	$	419,865
Gross Profit	$	106,590	$	43,452	$	150,042	$	33,840	$	6,106	$	39,946

	Six Months Ended June 30, 2023						Six Months Ended June 30, 2022
	Array Legacy Operations		STI Operations		Total		Array Legacy Operations		STI Operations		Total
Revenue	$	650,465	$	234,033	$	884,498	$	597,829	$	122,622	$	720,451
Gross Profit	$	190,064	$	61,157	$	251,221	$	55,108	$	11,425	$	66,533