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Business Segment and Related Information
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Business Segment and Related Information
Business Segment and Related Information
The Company has identified the following reportable segments, Environmental Solutions and Maintenance and Technical Services, as each met the quantitative threshold of generating revenues equal to or greater than 10% of the combined revenue of all operating segments.
The accounting policies applied to determine the segment information are the same as those described under “Critical Accounting Policies and Estimates” in the Annual Report on Form 10-K for the year ended December 31, 2018. Management evaluates the performance of each segment based on segment gross profit, which is calculated as revenues less cost of sales. For the six months ended June 30, 2019 and 2018, there were no intersegment revenues or other intersegment transactions. Segment assets are also evaluated by management based on each segment’s investment in property and equipment. Assets (other than property and equipment and goodwill) are not allocated to segments.
Summarized financial information with respect to the reportable segments is as follows:
Three Months Ended June 30, 2019
Environmental Solutions
 
Maintenance and Technical Services
 
All
Other
 
Total
Segment revenue
$
36,950

 
$
83,986

 
$
—

 
$
120,936

Segment gross (loss) profit
(9,188
)
 
7,123

 
—

 
(2,065
)
Segment depreciation and amortization expense
1,376

 
2,012

 
1,990

 
5,378

Three Months Ended June 30, 2018
Environmental Solutions
 
Maintenance and Technical Services
 
All
Other
 
Total
Segment revenue
$
90,113

 
$
105,610

 
$
—

 
$
195,723

Segment gross profit
22,096

 
8,453

 
—

 
30,549

Segment depreciation and amortization expense
5,334

 
1,378

 
1,992

 
8,704

Six Months Ended June 30, 2019
Environmental Solutions
 
Maintenance and Technical Services
 
All
Other
 
Total
Segment revenue
$
95,333

 
$
188,861

 
$
—

 
$
284,194

Segment gross (loss) profit
(921
)
 
14,235

 
—

 
13,314

Segment depreciation and amortization expense
3,690

 
3,966

 
3,979

 
11,635

Expenditures for segment assets
6,957

 
4,502

 
32

 
11,491

Six Months Ended June 30, 2018
Environmental Solutions
 
Maintenance and Technical Services
 
All
Other
 
Total
Segment revenue
$
137,897

 
$
213,355

 
$
—

 
$
351,252

Segment gross profit
34,565

 
15,082

 
—

 
49,647

Segment depreciation and amortization expense
10,744

 
2,407

 
3,984

 
17,135

Expenditures for segment assets
3,445

 
4,788

 
—

 
8,233

As of June 30, 2019
Environmental Solutions
 
Maintenance and Technical Services
 
All
Other
 
Total
Segment property and equipment, net
$
48,578

 
$
38,430

 
$
281

 
$
87,289

Segment goodwill
57,591

 
16,622

 
—

 
74,213

As of December 31, 2018
Environmental Solutions
 
Maintenance and Technical Services
 
All
Other
 
Total
Segment property and equipment, net
$
47,467

 
$
41,155

 
$
319

 
$
88,941

Segment goodwill
57,591

 
16,622

 
—

 
74,213


The following is a reconciliation of segment gross (loss) profit to net (loss) income: 
 
Three Months Ended
 
Six Months Ended
 
June 30, 2019
 
June 30, 2018
 
June 30, 2019
 
June 30, 2018
Segment gross (loss) profit
$
(2,065
)
 
$
30,549

 
$
13,314

 
$
49,647

General and administrative expenses
(17,400
)
 
(18,937
)
 
(31,385
)
 
(33,319
)
Interest expense, net
(4,102
)
 
(5,543
)
 
(9,154
)
 
(9,674
)
Income from equity method investment
663

 
699

 
1,217

 
1,286

Income tax provision
5,628

 
(2,906
)
 
6,389

 
(2,906
)
Net (loss) income
$
(17,276
)
 
$
3,862

 
$
(19,619
)
 
$
5,034


The following is a reconciliation of segment assets to total assets:
 
As of June 30, 2019
 
As of December 31, 2018
Segment property and equipment, net
$
87,289

 
$
88,941

Segment goodwill
74,213

 
74,213

Non-segment assets
285,758

 
295,747

Total assets
$
447,260

 
$
458,901


Summarized financial information with respect to the types of revenue recognized is as follows:
Three Months Ended June 30, 2019
Products
 
Percentage of Completion
 
Services
 
Total
Revenue
$
24,890

 
$
11,900

 
$
84,146

 
$
120,936

Three Months Ended June 30, 2018
Products
 
Percentage of Completion
 
Services
 
Total
Revenue
$
27,401

 
$
60,969

 
$
107,353

 
$
195,723

Six Months Ended June 30, 2019
Products
 
Percentage of Completion
 
Services
 
Total
Revenue
$
47,402

 
$
46,207

 
$
190,585

 
$
284,194

Six Months Ended June 30, 2018
Products
 
Percentage of Completion
 
Services
 
Total
Revenue
$
31,566

 
$
102,652

 
$
217,034

 
$
351,252