OPERATING SEGMENTS

3 Months Ended

Mar. 31, 2014

OPERATING SEGMENTS

OPERATING SEGMENTS

NOTE 14.             OPERATING SEGMENTS

We operate within two segments, Operating Disposal Facilities and Non-Operating Disposal Facilities. These segments reflect our internal reporting structure and nature of services offered. The Operating Disposal Facility segment represents disposal facilities accepting hazardous and radioactive waste. The Non-Operating Disposal Facility segment represents facilities which are not accepting hazardous and/or radioactive waste or formerly proposed new facilities.

Income taxes are assigned to Corporate, but all other items are included in the segment where they originated. Inter-company transactions have been eliminated from the segment information and are not significant between segments.

Summarized financial information concerning our reportable segments is shown in the following tables:

Three Months Ended March 31, 2014 (in thousands)	Operating Disposal Facilities		Non- Operating Disposal Facilities			Corporate			Total
Revenue - Treatment and disposal	$	44,942	$	5		$	—		$	44,947
Revenue - Transportation services	8,407		—			—			8,407
Total revenue	53,349		5			—			53,354
Direct operating costs	22,571		50			—			22,621
Transportation costs	8,613		—			—			8,613
Gross profit (loss)	22,165		(45		)	—			22,120
Selling, general & administrative expense	2,599		—			4,037			6,636
Operating income (loss)	19,566		(45		)	(4,037		)	15,484
Interest income (expense), net	3		—			(45		)	(42		)
Foreign currency gain (loss)	380		—			(1,320		)	(940		)
Other income	84		2			—			86
Income (loss) before income taxes	20,033		(43		)	(5,402		)	14,588
Income tax expense	—		—			5,227			5,227
Net income (loss)	$	20,033	$	(43	)	$	(10,629	)	$	9,361
Depreciation, amortization & accretion	$	4,459	$	48		$	14		$	4,521
Capital expenditures	$	4,550	$	43		$	182		$	4,775
Total assets	$	155,032	$	117		$	145,007		$	300,156

Three Months Ended March 31, 2013 (in thousands)	Operating Disposal Facilities		Non- Operating Disposal Facilities			Corporate			Total
Revenue - Treatment and disposal	$	36,340	$	4		$	—		$	36,344
Revenue - Transportation services	6,555		—			—			6,555
Total revenue	42,895		4			—			42,899
Direct operating costs	21,031		53			—			21,084
Transportation costs	6,433		—			—			6,433
Gross profit (loss)	15,431		(49		)	—			15,382
Selling, general & administrative expense	2,646		—			3,080			5,726
Operating income (loss)	12,785		(49		)	(3,080		)	9,656
Interest income (expense), net	4		—			(220		)	(216		)
Foreign currency gain (loss)	112		—			(1,050		)	(938		)
Other income	95		2			—			97
Income (loss) before income taxes	12,996		(47		)	(4,350		)	8,599
Income tax expense	—		—			3,193			3,193
Net income (loss)	$	12,996	$	(47	)	$	(7,543	)	$	5,406
Depreciation, amortization & accretion	$	4,051	$	52		$	10		$	4,113
Capital expenditures	$	6,726	$	—		$	26		$	6,752
Total assets	$	211,620	$	86		$	8,240		$	219,946

Revenue, Property and Equipment and Intangible Assets Outside of the United States

We provide services in the United States and Canada. Revenues by geographic location where the underlying services were performed consisted of the following:

Geographic disclosure

	Three Months Ended March 31,
$s in thousands	2014		2013
United States	$	37,270	$	31,398
Canada	16,084		11,501
Total revenue	$	53,354	$	42,899

Long-lived assets, comprised of property and equipment and intangible assets net of accumulated depreciation and amortization, by geographic location consisted of the following:

	March 31,		December 31,
$s in thousands	2014		2013
United States	$	88,803	$	86,175
Canada	62,803		65,516
Total long-lived assets	$	151,606	$	151,691