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Segment (Tables)
6 Months Ended
Jun. 30, 2014
Selected Financial Information

There were no material intersegment transfers or sales during the periods presented. Selected segment financial information for the three and six months ended June 30, 2013 and 2014 are presented below (in thousands):

 

 

 

Three Months Ended June 30, 2013

 

 

 

PS

 

 

IS

 

 

FS

 

 

Corporate

 

 

Total

 

Revenues

 

$

29,215

 

 

$

157,617

 

 

$

—

 

 

$

—

 

 

$

186,832

 

Cost of revenues

 

 

22,741

 

 

 

139,210

 

 

 

—

 

 

 

—

 

 

 

161,951

 

Gross profit

 

$

6,474

 

 

$

18,407

 

 

$

—

 

 

 

—

 

 

 

24,881

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

25,550

 

 

 

25,550

 

Operating loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(669

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,233

 

 

 

9,233

 

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(9,902

)

Income tax benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3,665

)

 

 

(3,665

)

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(6,237

)

 

 

 

 

Three Months Ended June 30, 2014

 

 

 

PS

 

 

IS

 

 

FS

 

 

Corporate

 

 

Total

 

Revenues

 

$

24,415

 

 

$

182,409

 

 

$

63,740

 

 

$

—

 

 

$

270,564

 

Cost of revenues

 

 

23,758

 

 

 

153,113

 

 

 

57,459

 

 

 

—

 

 

 

234,330

 

Gross profit

 

$

657

 

 

$

29,296

 

 

$

6,281

 

 

 

—

 

 

 

36,234

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28,392

 

 

 

28,392

 

Restructuring expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,726

 

 

 

2,726

 

Other operating income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,569

)

 

 

(1,569

)

Operating income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,685

 

Other income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(15

)

 

 

(15

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11,467

 

 

 

11,467

 

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,767

)

Income tax expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

116

 

 

 

116

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(4,883

)

 

 

 

 

Six Months Ended June 30, 2013

 

 

 

PS

 

 

IS

 

 

FS

 

 

Corporate

 

 

Total

 

Revenues

 

$

49,300

 

 

$

288,732

 

 

$

—

 

 

$

—

 

 

$

338,032

 

Cost of revenues

 

 

39,730

 

 

 

248,182

 

 

 

—

 

 

 

—

 

 

 

287,912

 

Gross profit

 

$

9,570

 

 

$

40,550

 

 

$

—

 

 

 

—

 

 

 

50,120

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

50,404

 

 

 

50,404

 

Operating loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(284

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17,144

 

 

 

17,144

 

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(17,428

)

Income tax benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6,389

)

 

 

(6,389

)

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(11,039

)

 

 

 

 

 

Six Months Ended June 30, 2014

 

 

 

PS

 

 

IS

 

 

FS

 

 

Corporate

 

 

Total

 

Revenues

 

$

46,612

 

 

$

357,035

 

 

$

123,508

 

 

$

—

 

 

$

527,155

 

Cost of revenues

 

 

44,973

 

 

 

299,347

 

 

 

113,214

 

 

 

—

 

 

 

457,534

 

Gross profit

 

$

1,639

 

 

$

57,688

 

 

$

10,294

 

 

 

—

 

 

 

69,621

 

Selling, general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

60,462

 

 

 

60,462

 

Restructuring expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,726

 

 

 

2,726

 

Other operating income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,569

)

 

 

(1,569

)

Operating income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8,002

 

Other income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(46

)

 

 

(46

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23,154

 

 

 

23,154

 

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(15,106

)

Income tax expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

65

 

 

 

65

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(15,171

)