SEGMENT AND GEOGRAPHIC DISCLOSURES

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC DISCLOSURES

SEGMENT AND GEOGRAPHIC DISCLOSURES

ASC 280, Segment Reporting, requires us to disclose certain information about our 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.” We conduct operations in two segments: IHT and MS.

Segment data for our two operating segments are as follows (in thousands):

	Twelve Months Ended December 31,
	2023		2022
Revenues:
IHT	$	429,559	$	422,562
MS	433,056		417,646
Total Revenues	$	862,615	$	840,208

	Twelve Months Ended December 31,
	2023		2022
Operating income (loss):
IHT	$	24,220	$	17,093
MS	27,759		20,930
Corporate and shared support services	(65,255)		(77,825)
Total Operating income (loss)	$	(13,276)	$	(39,802)

	Twelve Months Ended December 31,
	2023		2022
Capital expenditures1:
IHT	$	5,373	$	13,939
MS	5,052		5,013
Corporate and shared support services	9		84
Total Capital expenditures	$	10,434	$	19,036

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1    Excludes finance leases. Totals may vary from amounts presented in the consolidated statements of cash flows due to the timing of cash payments.

	Twelve Months Ended December 31,
	2023		2022
Depreciation and amortization:
IHT	$	12,402	$	12,391
MS	18,755		19,021
Corporate and shared support services	6,715		5,041
Total Depreciation and amortization	$	37,872	$	36,453

Separate measures of our assets by operating segment are not produced or utilized by management to evaluate segment performance.

A geographic breakdown of our revenues for the years ended December 31, 2023 and 2022 and our total long-lived assets as of December 31, 2023 and 2022 are as follows (in thousands):

	Total Revenues1		Total Long-lived Assets2
Twelve months ended December 31, 2023
United States	$	623,763	$	210,427
Canada	84,870		4,755
Europe	73,295		13,080
Other foreign countries	80,687		1,986
Total	$	862,615	$	230,248
Twelve months ended December 31, 2022
United States	$	613,021	$	240,088
Canada	95,791		4,708
Europe	61,713		14,591
Other foreign countries	69,683		2,581
Total	$	840,208	$	261,968

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1    Revenues attributable to individual countries/geographic areas are based on the country of domicile of the legal entity that performs the work.

2    Excludes financial instruments and deferred tax assets.