Segment Reporting

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

ASC 280 Segment Reporting establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Historically, the Company managed its business on the basis of one operating and reportable segment. During the nine months ended September 30, 2022, the Company changed its reportable segments as a result of the STI Acquisition; the Company now operates as two segments; Array Legacy Operations and STI Operations.

The following table provides a reconciliation of certain financial information for the Company’s reportable segments to information presented in its condensed consolidated financial statements for the three and nine

months ended September 30, 2022 and 2021 and as of September 30, 2022 and December 31, 2021 (in thousands):

	Three Months Ended September 30, 2022						Three Months Ended September 30, 2021
	Array Legacy Operations		STI Operations		Total		Array Legacy Operations
Revenue	$	400,463	$	114,561	$	515,024	$	188,686
Gross Profit	$	63,921	$	16,302	$	80,223	$	5,897

	Nine Months Ended September 30, 2022						Nine Months Ended September 30, 2021
	Array Legacy Operations		STI Operations		Total		Array Legacy Operations
Revenue	$	998,292	$	237,183	$	1,235,475	$	633,442
Gross Profit	$	119,029	$	27,727	$	146,756	$	72,570