ENTITY WIDE DISCLOSURES

6 Months Ended

Nov. 30, 2015

ENTITY WIDE DISCLOSURES

14. ENTITY WIDE DISCLOSURES

ASC 280, Segment Reporting, requires us to 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 Group, MS Group and Quest Integrity Group. 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 November 30,				Six Months Ended November 30,
	2015		2014		2015		2014
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues:
IHT	$	174,694	$	134,080	$	311,461	$	239,674
MS		86,390		84,221		154,748		152,067
Quest Integrity		19,775		22,318		37,344		36,999
Total	$	280,859	$	240,619	$	503,553	$	428,740

	Three Months Ended November 30,						Six Months Ended November 30,
	2015			2014			2015			2014
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Operating income:
IHT	$	19,758		$	21,999		$	32,285		$	34,286
MS		9,830			8,809			13,461			15,513
Quest Integrity		3,591			6,350			5,336			7,117
Corporate and shared support services		(13,780	)		(8,484	)		(27,234	)		(16,417	)
Total	$	19,399		$	28,674		$	23,848		$	40,499

	Three Months Ended November 30,				Six Months Ended November 30,
	2015		2014		2015		2014
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Capital expenditures:
IHT	$	2,430	$	2,325	$	5,763	$	3,864
MS		2,119		907		4,558		2,087
Quest Integrity		456		815		1,694		1,611
Corporate and shared support services		5,574		1,910		9,782		3,863
Total	$	10,579	$	5,957	$	21,797	$	11,425

	Three Months Ended November 30,				Six Months Ended November 30,
	2015		2014		2015		2014
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Depreciation and amortization:
IHT	$	4,872	$	2,068	$	8,904	$	4,069
MS		1,969		1,884		4,094		3,748
Quest Integrity		1,525		1,420		2,966		2,825
Corporate and shared support services		292		263		578		522
Total	$	8,658	$	5,635	$	16,542	$	11,164

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 for the three and six months ended November 30, 2015 and 2014 and total assets as of November 30, 2015 and May 31, 2015 are as follows (in thousands):

	Three Months Ended November 30,				Six Months Ended November 30,
	2015		2014		2015		2014
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues:
United States	$	219,886	$	177,593	$	393,246	$	315,657
Canada		39,334		40,042		64,879		72,118
Europe		11,966		13,464		23,782		23,910
Other foreign countries		9,673		9,520		21,646		17,055
Total	$	280,859	$	240,619	$	503,553	$	428,740

	November 30, 2015		May 31, 2015
	(unaudited)
Total assets:
United States	$	697,308	$	399,173
Canada		66,190		68,043
Europe		32,396		34,612
Other foreign countries		23,974		22,005
Total	$	819,868	$	523,833