Operating Segments (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Condensed Consolidated Segment Information

Condensed consolidated segment information for the three months ended June 30, 2021 and 2020 is as follows:

	Three months ended June 30,
(in thousands)	2021		2020
Statement of Operations Data:
Revenue:
GCR	$	87,550	$	105,937
ODR	33,469		29,248
Total revenue	121,019		135,185
Gross profit:
GCR	8,885		12,213
ODR	9,805		8,122
Total gross profit	18,690		20,335
Selling, general and administrative:
GCR	9,070		8,024
ODR	7,526		5,588
Corporate	636		140
Total selling, general and administrative	17,232		13,752
Amortization of intangibles	104		274
Operating income	$	1,354	$	6,309
Operating income for reportable segments	$	1,354	$	6,309
Less unallocated amounts:
Interest expense, net	(452)		(2,137)
Gain (loss) on disposition of property and equipment	94		(13)
Loss on change in fair value of warrant liability	—		(102)
Total unallocated amounts	(358)		(2,252)
Income before income taxes	$	996	$	4,057
Other Data:
Depreciation and amortization:
GCR	$	1,020	$	1,032
ODR	345		330
Corporate	104		274
Total other data	$	1,469	$	1,636

Summarized segment information is as follows:

	Three months ended June 30, 2021						Three months ended June 30, 2020
(in thousands)	GCR		ODR		Total		GCR		ODR		Total
Revenue	$	87,550	$	33,469	$	121,019	$	105,937	$	29,248	$	135,185
Gross Profit	8,885		9,805		18,690		12,213		8,122		20,335
Selling, general and administrative	9,070		7,526		16,596		8,024		5,588		13,612
EBIT	$	(185)	$	2,279	$	2,094	$	4,189	$	2,534	$	6,723

Condensed consolidated segment information for the six months ended June 30, 2021 and 2020 is as follows:

	Six months ended June 30,
(in thousands)	2021		2020
Statement of Operations Data:
Revenue:
GCR	$	172,354	$	215,423
ODR	62,009		58,534
Total revenue	234,363		273,957
Gross profit:
GCR	18,280		23,195
ODR	17,639		15,364
Total gross profit	35,919		38,559
Selling, general and administrative:
GCR	18,184		18,200
ODR	14,880		11,917
Corporate	1,313		435
Total selling, general and administrative	34,377		30,552
Amortization of intangibles	208		417
Operating income	$	1,334	$	7,590
Operating income for reportable segments	$	1,334	$	7,590
Less unallocated amounts:
Interest expense, net	(1,716)		(4,295)
Gain on disposition of property and equipment	8		17
Loss on early debt extinguishment	(1,961)		—
Gain on change in fair value of warrant liability	14		59
Total unallocated amounts	(3,655)		(4,219)
(Loss) income before income taxes	$	(2,321)	$	3,371
Other Data:
Depreciation and amortization:
GCR	$	2,056	$	2,062
ODR	700		661
Corporate	208		417
Total other data	$	2,964	$	3,140

Summarized segment information is as follows:

	Six months ended June 30, 2021						Six months ended June 30, 2020
(in thousands)	GCR		ODR		Total		GCR		ODR		Total
Revenue	$	172,354	$	62,009	$	234,363	$	215,423	$	58,534	$	273,957
Gross Profit	18,280		17,639		35,919		23,195		15,364		38,559
Selling, general and administrative	18,184		14,880		33,064		18,200		11,917		30,117
EBIT	$	96	$	2,759	$	2,855	$	4,995	$	3,447	$	8,442

Schedule of Reconciliation of Segment Gross Profit to Income Before Income Taxes

Reconciliation of segment gross profit to income before income taxes:

	Three months ended June 30,
(in thousands)	2021		2020
Total gross profit from reportable segments	$	18,690	$	20,335
Selling, general and administrative	(17,232)		(13,752)
Amortization of intangibles	(104)		(274)
Total other expenses	(358)		(2,252)
Income before income taxes	$	996	$	4,057

Reconciliation of segment gross profit to (loss) income before income taxes:

	Six months ended June 30,
(in thousands)	2021		2020
Total gross profit from reportable segments	$	35,919	$	38,559
Selling, general and administrative	(34,377)		(30,552)
Amortization of intangibles	(208)		(417)
Total other expenses	(3,655)		(4,219)
(Loss) income before income taxes	$	(2,321)	$	3,371