Operating Segments

12 Months Ended

Sep. 30, 2020

Segment Reporting Disclosure [Text Block]

11. OPERATING SEGMENTS

We manage and measure performance of our business in four distinct operating segments: Commercial & Industrial, Communications, Infrastructure Solutions and Residential. These segments are reflective of how the Company’s Chief Operating Decision Maker (“CODM”) reviews operating results for the purposes of allocating resources and assessing performance. The Company’s CODM is its Chief Executive Officer.

Transactions between segments, if any, are eliminated in consolidation. Our corporate office provides general and administrative services, as well as support services, to our four operating segments. Management allocates certain shared costs between segments for selling, general and administrative expenses and depreciation expense.

Segment information for the years ended September 30, 2020, 2019 and 2018 is as follows:


		Year Ended September 30, 2020
		Communications		Residential		Infrastructure Solutions		Commercial & Industrial		Corporate		Total
Revenues		$	395,141	$	411,790	$	128,379	$	255,546	$	—	$	1,190,856
Cost of services		317,013		318,034		93,358		234,492		—		962,897
Gross profit		78,128		93,756		35,021		21,054		—		227,959
Selling, general and administrative		37,674		63,668		20,418		32,128		17,023		170,911
Goodwill impairment expense		—		—		—		6,976		—		6,976
Contingent consideration		—		—		—		(11)		—		(11)
Loss (gain) on sale of assets		8		2		35		(45)		—		—
Income (loss) from operations		$	40,446	$	30,086	$	14,568	$	(17,994)	$	(17,023)	$	50,083
Other data:
	Depreciation and amortization expense	$	1,351	$	2,276	$	6,020	$	2,768	$	93	$	12,508
	Capital expenditures	$	830	$	1,459	$	795	$	1,362	$	299	$	4,745
	Total assets	$	154,808	$	110,998	$	124,640	$	68,318	$	101,764	$	560,528


		Year Ended September 30, 2019
		Communications		Residential		Infrastructure Solutions		Commercial & Industrial		Corporate		Total
Revenues		$	321,246	$	313,336	$	136,790	$	305,624	$	—	$	1,076,996
Cost of services		264,746		248,562		105,863		275,722		—		894,893
Gross profit		56,500		64,774		30,927		29,902		—		182,103
Selling, general and administrative		31,850		46,864		18,664		27,815		15,382		140,575
Contingent consideration		(97)		—		(277)		—		—		(374)
Loss (gain) on sale of assets		(6)		(17)		105		(30)		—		52
Income (loss) from operations		$	24,753	$	17,927	$	12,435	$	2,117	$	(15,382)	$	41,850
Other data:
	Depreciation and amortization expense	$	1,513	$	852	$	4,528	$	2,563	$	101	$	9,557
	Capital expenditures	$	973	$	1,412	$	1,377	$	2,402	$	136	$	6,300
	Total assets	$	109,263	$	63,903	$	116,867	$	82,050	$	73,175	$	445,258


		Year Ended September 30, 2018
		Communications		Residential		Infrastructure Solutions		Commercial & Industrial		Corporate		Total
Revenues		$	219,655	$	285,711	$	97,163	$	274,299	$	—	$	876,828
Cost of services		179,518		227,355		75,337		244,656		—		726,866
Gross profit		40,137		58,356		21,826		29,643		—		149,962
Selling, general and administrative		26,003		41,401		18,293		27,031		11,192		123,920
Contingent consideration		(85)		—		288		(100)		—		103
Loss (gain) on sale of assets		(4)		8		18		(37)		—		(15)
Income (loss) from operations		$	14,223	$	16,947	$	3,227	$	2,749	$	(11,192)	$	25,954
Other data:
	Depreciation and amortization expense	$	1,247	$	637	$	4,672	$	2,197	$	107	$	8,860
	Capital expenditures	$	647	$	932	$	735	$	2,216	$	33	$	4,563
	Total assets	$	80,528	$	55,176	$	109,506	$	89,729	$	87,055	$	421,994