Segment Information

12 Months Ended

Dec. 31, 2014

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 Ltd. The Sports segment is an aggregation of the individual operating segments represented by Baseball Heaven LLC, a provider of baseball facility services, UK Elite, and the Crossfit® entities.

In 2014, the Company changed its measurement method to measure the profit or loss of its segments to be based on operating income before goodwill impairments. The measurement method had previously been operating income. Operating income before goodwill impairments of the segments is determined in the same manner as operating income under generally accepted accounting principles, with the sole exception of excluding amounts for goodwill impairments. The accounting policies used to measure operating income before goodwill impairments 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:

	Year Ended December 31,
	2014			2013			2012
	(in thousands)
Revenues
Energy	$	191,608		$	109,624		$	97,191
Sports	18,540			10,404			2,913
Total revenues	$	210,148		$	120,028		$	100,104
Operating income (loss) before goodwill impairments
Energy	$	29,889		$	12,381		$	16,837
Sports	(2,161		)	(1,408		)	(1,869		)
Total segment operating income	27,728			10,973			14,968
Corporate and other business activities	(14,465		)	(8,411		)	(8,959		)
Impairment of goodwill	(36,666		)	—			(192		)
Interest expense	(3,177		)	(1,725		)	(417		)
Other income (expense), net	7,058			7,074			1,067
Income (loss) from continuing operations before income taxes	$	(19,522	)	$	7,911		$	6,467
Depreciation and amortization expense:
Energy	$	22,530		$	18,392		$	14,785
Sports	$	1,626		793			518
Total depreciation and amortization expense	$	24,156		$	19,185		$	15,303

For the year ended December 31, 2014, revenues from the two largest customers in the Company’s Energy segment were approximately $43.5 million and $42.7 million, representing 20.7% and 20.3%, respectively, of the Company’s consolidated revenues. 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.

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

	December 31, 2014		December 31, 2013
	(in thousands)
Total assets
Energy	$	220,262	$	244,401
Sports	18,625		20,495
Corporate and other business activities	240,467		273,798
Total assets	$	479,354	$	538,694
Capital expenditures
Energy	$	15,313	$	5,846
Sports	$	626	$	3,086
Total capital expenditures	$	15,939	$	8,932

Total assets of the Sports segment and Corporate and other business activities at December 31, 2014, include investments in equity-method investees of $3.1 million and $27.0 million, respectively.