Business Segment and Related Information

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Business Segment and Related Information

Business Segment and Related Information

The Company has identified two reportable segments, Environmental Solutions (“ES”) and Maintenance and Technical Services (“M&TS”), as each met the quantitative threshold of generating revenue 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 Part II, “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2019. Management evaluates the performance of each segment based on segment gross profit, which is calculated as revenue less cost of sales. For the three and six months ended June 30, 2020 and 2019, there were no intersegment revenue 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, 2020	ES		M&TS			All Other		Total
Segment revenue	$	37,862	$	95,283		$	—	$	133,145
Segment gross profit	4,233		6,501			—		10,734
Segment depreciation and amortization expense	2,258		2,520			1,972		6,750
Expenditures for segment assets	497		(83		)	6		420

Three Months Ended June 30, 2019	ES			M&TS		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
Expenditures for segment assets	3,186			1,133		32		4,351

Six Months Ended June 30, 2020	ES		M&TS		All Other		Total
Segment revenue	$	74,527	$	223,249	$	—	$	297,776
Segment gross profit	8,085		13,446		—		21,531
Segment depreciation and amortization expense	4,338		4,993		3,943		13,274
Expenditures for segment assets	1,059		512		33		1,604

Six Months Ended June 30, 2019	ES			M&TS	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

As of June 30, 2020	ES		M&TS		All Other		Total
Segment property and equipment, net	$	43,821	$	31,108	$	226	$	75,155
Segment goodwill	57,591		16,622		—		74,213

As of December 31, 2019	ES		M&TS		All Other		Total
Segment property and equipment, net	$	47,856	$	37,251	$	187	$	85,294
Segment goodwill	57,591		16,622		—		74,213

The following is a reconciliation of segment gross profit (loss) to net loss: 

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
Segment gross profit (loss)	$	10,734		$	(2,065	)	$	21,531		$	13,314
General and administrative expenses	(9,637		)	(17,400		)	(22,393		)	(31,385		)
Interest expense, net	(4,826		)	(4,102		)	(8,456		)	(9,154		)
Loss on extinguishment of debt	—			—			(8,603		)	—
Income from equity method investment	326			663			622			1,217
Income tax benefit	—			5,628			—			6,389
Net loss	$	(3,403	)	$	(17,276	)	$	(17,299	)	$	(19,619	)

The following is a reconciliation of segment assets to total assets as of:

	June 30, 2020		December 31, 2019
Segment property and equipment, net	$	75,155	$	85,294
Segment goodwill	74,213		74,213
Non-segment assets	230,801		196,249
Total assets	$	380,169	$	355,756