XML 32 R22.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Information
3 Months Ended
Mar. 31, 2020
Segment Information [Abstract]  
Segment Information
15.
Segment Information
We have two reportable business segments. The Performance Improvements Solutions segment provides simulation, training and engineering products and services delivered across the breadth of industries we serve. The Performance segment includes simulation for both training and engineering applications. Examples of engineering services include, but are not limited to, plant design verification and validation, thermal performance evaluation and optimization programs and engineering programs for plants for ASME code and ASME Section XI. We provide these services through GSE, True North and DP Engineering across all market segments. Example training applications include turnkey and custom training services. Contract terms are typically less than two years.

The NITC segment provides specialized workforce solutions primarily to the nuclear industry, working at clients' facilities. This business is managed through our Hyperspring and Absolute subsidiaries. The business model, management focus, margins and other factors clearly separate this business line from the rest of our product and service portfolio.

Our primary measure of segment performance, as shown in the table below, excludes the loss on impairment of intangible assets and goodwill and the change in fair value of contingent consideration, net related to the DP Engineering acquisition, which do not accurately represent the ongoing operations of the Performance Improvements Solutions segment. Excluding these discrete items from the segment measure of performance allows for better period over period comparison.

The following table summarizes the revenue and operating results attributable to our reportable segments and includes a reconciliation of segment revenue to consolidated revenue and segment loss to consolidated loss before income taxes. Inter-segment revenue is eliminated in consolidation and is not significant:

(in thousands)
 
Three months ended
 
  
March 31, 2020
  
March 31, 2019
 
Revenue:
      
Performance Improvement Solutions
 
$
9,711
  
$
12,190
 
Nuclear Industry Training and Consulting
  
7,994
   
10,004
 
Total revenue
 
$
17,705
  
$
22,194
 
         
Operating loss:
        
Performance Improvement Solutions
 
$
(1,272
)
 
$
(863
)
Nuclear Industry Training and Consulting
  
(559
)
  
(925
)
Loss on impairment
  
(4,302
)
  
(5,464
)
Change in fair value of contingent consideration, net
  
-
   
1,200
 
Operating loss
  
(6,133
)
  
(6,052
)
         
Interest expense, net
  
(241
)
  
(208
)
(Loss) gain on derivative instruments, net
  
(43
)
  
93
 
Other income, net
  
29
   
22
 
Loss before income taxes
 
$
(6,388
)
 
$
(6,145
)