XML 26 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
NOTE Segment Information
3 Months Ended
Mar. 31, 2012
NOTE Segment Information [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 7 – SEGMENT INFORMATION
 
The Engineering and Construction segment provides services relating to the development, management and execution of projects requiring professional engineering and related project services primarily to the midstream and downstream sectors throughout the United States. Services provided by the Engineering and Construction segment include feasibility studies, engineering, design, procurement and construction management. The Engineering and Construction segment includes the government services group, which provides engineering, design, installation and operation and maintenance of various government, public sector and international facilities. The Automation segment provides services related to the design, fabrication and implementation of process distributed control and analyzer systems, advanced automation, information technology, electrical and heat tracing projects primarily to the upstream and downstream sectors throughout the United States as well as specific projects in the Middle East and Central Asia. The Field Solutions segment provides land management, right-of-way, inspection, environmental compliance, legislative affairs support and governmental regulatory compliance services primarily to the midstream sector, including pipeline, utility and telecommunications companies and other owner/operators of infrastructure facilities throughout the United States.

Sales, operating income, identifiable assets, capital expenditures and depreciation for each segment are set forth in the following table. The amount identified as Corporate includes those activities that are not allocated to the operating segments and include costs related to business development, executive functions, finance, accounting, health, safety, and environmental, human resources and information technology that are not specifically identifiable with the segments. The Corporate function supports all business segments and therefore cannot be specifically assigned to any specific segment. A significant portion of Corporate costs are allocated to each segment based on each segment's revenue.

Financial information about geographic areas
Revenue from the Company's non-U.S. operations is currently not material. However, we expect them to become material as the CPC project’s schedule progresses.

Segment information for 2012 and 2011 is as follows:

For the three months ended March 31, 2012
Engineering and Construction
 
Automation
 
Field Solutions
 
Corporate
 
Consolidated
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
45,567

 
$
13,605

 
$
16,268

 
 
 
$
75,440

Gross profit
4,357

 
1,381

 
1,762

 
 
 
7,500

SG&A
2,012

 
1,080

 
1,030

 
3,130

 
7,252

Operating income (loss)
2,345

 
301

 
732

 
(3,130
)
 
248

Other income
 
 
 
 
 
 
 
 
1

Interest expense, net
 
 
 
 
 
 
 
 
(302
)
Tax benefit
 
 
 
 
 
 
 
 
26

Discontinued operations - net of taxes
 
 
 
 
 
 
 
 
(113
)
Net loss from continuing operations
 
 
 
 
 
 
 
 
$
(140
)
 
 
 
 
 
 
 
 
 
 
For the three months ended March 31, 2011
 
 
 
 
 
 
 
 
 
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue before eliminations
$
37,846

 
$
9,743

 
$
21,692

 
$

 
$
69,281

Inter-segment eliminations
(1
)
 
(190
)
 

 

 
(191
)
Revenue
37,845

 
9,553

 
21,692

 

 
69,090

Gross profit
3,182

 
453

 
1,659

 

 
5,294

SG&A
2,246

 
938

 
2,081

 
3,055

 
8,320

Operating income (loss)
936

 
(485
)
 
(422
)
 
(3,055
)
 
(3,026
)
Other expense
 
 
 
 
 
 
 
 
(44
)
Interest expense, net
 
 
 
 
 
 
 
 
(217
)
Tax benefit
 
 
 
 
 
 
 
 
1,052

Discontinued operations - net of taxes
 
 
 
 
 
 
 
 
262

Net loss from continuing operations
 
 
 
 
 
 
 
 
$
(1,973
)



Total Assets by Segment
 
As of March 31, 2012
 
As of December 31, 2011
 
 
(dollars in thousands)
Engineering and Construction
 
$
51,442

 
$
54,464

Automation*
 
29,461

 
23,247

Field Solutions
 
17,600

 
15,359

Corporate
 
9,740

 
11,109

Consolidated
 
$
108,243

 
$
104,179



*Includes $2.5 million and 3.8 million of assets held for sale from discontinued operations for March 31, 2012 and December 31, 2011, respectively.