Segment Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company has determined that its two reportable segments are Energy and Sports. The Energy segment provides drilling and production services to the oil and gas industry. The Sports segment provides event-based sports services and other health-related services.

The Company identifies its operating segments based on the services provided by its various operations and the financial information used by its chief operating decision maker to make decisions regarding the allocation of resources to and the financial performance of the operating segments. The reporting segments represent an aggregation of individual operating segments with similar economic characteristics. The Energy segment is an aggregation of the individual operating segments represented by Sun Well, Rogue, and Black Hawk. The Sports segment is an aggregation of the individual operating segments represented by Baseball Heaven, UK Elite, and the Crossfit® entities.

The Company measures profit or loss of its segments based on operating income. The accounting policies used to measure operating income of the segments are the same as those used in preparing the Company’s consolidated financial statements (see Note 2).

Segment information relating to the Company's results of continuing operations was as follows:

	Fiscal Year Ended December 31,
	2013			2012			2011
Revenues
Energy	$	109,624		$	97,191		$	1,417
Sports	10,404			2,913			1,085
Total revenues	$	120,028		$	100,104		$	2,502
Operating income (loss)
Energy	$	12,381		$	16,837		$	165
Sports	(1,408		)	(2,061		)	(354		)
Total segment operating income	10,973			14,776			(189		)
Corporate and other business activities	(8,411		)	(8,959		)	(8,322		)
Interest income, net	3,079			1,486			4,083
Other income (expense), net	1,408			(836		)	4,270
Income from continuing operations before income taxes	$	7,049		$	6,467		$	(158	)
Depreciation and amortization expense:
Energy	$	18,392		$	14,785		$	144
Sports	$	793		518			225
Total depreciation and amortization expense	$	19,185		$	15,303		$	369

For the year ended December 31, 2013, revenues from the two largest customers in the Company’s Energy segment were approximately $20.4 million and $12.7 million, representing 17.0% and 10.5%, respectively, of the Company’s consolidated revenues. For the year ended December 31, 2012, revenues from the two largest customers in the Company’s Energy segment were approximately $11.2 million and $11.0 million, representing 11.1% and 11.0%, respectively, of the Company’s consolidated revenues. No single customer accounted for more than 10% of the Company’s consolidated revenues for the year ended December 31, 2011.

Segment information related to the Company's assets was as follows:

	December 31, 2013		December 31, 2012
	(in thousands)
Total assets
Energy	$	243,746	$	199,889
Sports	20,495		7,613
Corporate and other business activities	273,798		258,993
Total assets	$	538,039	$	466,495
Capital expenditures
Energy	$	5,846	$	11,090
Sports	$	3,086	$	728
Total capital expenditures	$	8,932	$	11,818

Total assets of the Sports segment and Corporate and other business activities at December 31, 2013, include investments in equity-method investees of $3.7 million and $4.7 million, respectively.