ENTITY WIDE DISCLOSURES

9 Months Ended

Feb. 28, 2015

ENTITY WIDE DISCLOSURES

14. ENTITY WIDE DISCLOSURES

ASC 280, Segment Reporting, requires we disclose certain information about our operating segments where 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 three segments: IHT, MS and Quest Integrity. All three operating segments operate under a business segment manager who reports directly to Team’s Chief Executive Officer who operates as the chief operating decision maker. Segment data for our three operating segments are as follows (in thousands):

	Three Months Ended February 28,						Nine Months Ended February 28,
	2015			2014			2015			2014
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Revenues:
IHT	$	95,350		$	85,149		$	335,024		$	290,409
MS		64,999			63,440			217,066			200,196
Quest Integrity		14,240			14,647			51,239			47,435
Total	$	174,589		$	163,236		$	603,329		$	538,040
	Three Months Ended February 28,						Nine Months Ended February 28,
	2015			2014			2015			2014
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Operating income:
IHT	$	7,536		$	3,783		$	41,822		$	31,666
MS		3,357			2,939			18,870			17,120
Quest Integrity		100			1,170			7,217			5,986
Corporate and shared support services		(8,067	)		(6,892	)		(24,484	)		(21,786	)
Total	$	2,926		$	1,000		$	43,425		$	32,986

	Three Months Ended February 28,				Nine Months Ended February 28,
	2015		2014		2015		2014
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Capital expenditures:
IHT	$	2,029	$	2,187	$	5,893	$	5,602
MS		797		1,503		2,884		4,694
Quest Integrity		855		582		2,466		3,257
Corporate and shared support services		3,606		5,867		7,469		10,205
Total	$	7,287	$	10,139	$	18,712	$	23,758
	Three Months Ended February 28,				Nine Months Ended February 28,
	2015		2014		2015		2014
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Depreciation and amortization:
IHT	$	2,138	$	1,936	$	6,207	$	5,947
MS		1,850		1,801		5,598		5,391
Quest Integrity		1,429		1,343		4,254		4,033
Corporate and shared support services		271		205		793		605
Total	$	5,688	$	5,285	$	16,852	$	15,976

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

A geographic breakdown of our revenues and total assets are as follows (in thousands):

	Three Months Ended February 28,				Nine Months Ended February 28,
	2015		2014		2015		2014
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues:
United States	$	134,805	$	120,916	$	450,462	$	382,322
Canada		22,454		22,267		94,572		93,621
Europe		9,365		10,448		33,275		31,079
Other foreign countries		7,965		9,605		25,020		31,018
Total	$	174,589	$	163,236	$	603,329	$	538,040

	February 28, 2015		May 31, 2014
	(unaudited)
Total assets:
United States	$	369,808	$	353,624
Canada		61,068		68,515
Europe		32,127		38,870
Other foreign countries		20,548		23,932
Total	$	483,551	$	484,941