XML 36 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
NOTE 7 - SEGMENT INFORMATION
6 Months Ended
Jun. 28, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
NOTE 7 – SEGMENT INFORMATION

The Engineering, Procurement and Construction Management (“EPCM”) 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 EPCM segment include feasibility studies, engineering, design, procurement and construction management. The EPCM segment includes the government services group, which provides engineering, design, installation, operation and maintenance of various government, public sector and international facilities. Our Automation segment provides services related to the design, fabrication and implementation of process distributed control and analyzer systems, advanced automation, information technology projects to all of the oil and gas sectors throughout the United States as well as a few specific projects abroad.

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. The Corporate function supports both business segments and therefore cannot be specifically assigned to either segment.

Segment information for the six months ended June 28, 2014 and June 29, 2013 is as follows (dollars in thousands):

For the six months ended June 28, 2014:
 
EPCM
Operations
Sold
   
EPCM
   
Automation
   
Corporate
   
Consolidated
 
                                 
Revenue
  $
   
$
25,392
   
$
28,676
   
$
   
$
54,068
 
Gross profit
   
     
4,678
     
7,196
     
     
11,874
 
SG&A
   
     
2,014
     
1,415
     
4,936
     
8,365
 
Operating income (loss)
   
     
2,664
     
5,781
     
(4,936
)
   
3,509
 
Other income
   
 
                             
123
 
Interest expense, net
   
 
                             
(43
)
Tax expense
   
 
                             
(181
)
   Net income
   
 
                           
$
3,408
 

For the six months ended June 29, 2013:
 
EPCM
Operations
Sold
   
 
EPCM
   
 
Automation
   
 
Corporate
   
 
Consolidated
 
                                         
Revenue
 
$
59,560
   
$
20,838
   
$
20,013
   
$
   
$
100,411
 
Gross profit
   
5,346
     
2,414
     
3,551
     
     
11,311
 
SG&A
   
2,104
     
1,885
     
1,780
     
6,810
     
12,579
 
Operating income (loss)
   
3,242
     
529
     
1,771
     
(6,810
)
   
(1,268
)
Other expense
                                   
(89
Interest expense, net
                                   
(1,036
)
Tax benefit
                                   
(192
)
Discontinued operations - net of taxes
                                   
2,935
 
   Net income
                                 
$
350
 

Total Assets by Segment
 
As of June 28,
2014
   
As of December 28,
2013
 
   
(dollars in thousands)
 
   EPCM
 
$
12,441
   
$
12,311
 
   Automation
   
28,537
     
23,029
 
   Corporate
   
10,042
     
10,461
 
   Consolidated
 
$
51,020
   
$
45,801