Entity Wide Disclosures

9 Months Ended

Feb. 28, 2013

Entity Wide Disclosures

14. ENTITY WIDE DISCLOSURES

ASC 280, Segment Reporting (“ASC 280”) requires we disclose certain information about our operating segments where 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.” We operate in only one segment—the industrial services segment. Within the industrial services segment, we are organized as two divisions. Our TCM division provides the services of inspection and assessment and field heat treating. Our TMS division provides the services of leak repair, fugitive emissions control, hot tapping, field machining, technical bolting, field valve repair and other mechanical services. Each division has goodwill relating to past acquisitions and we assess goodwill for impairment at the TCM and TMS divisional level. Both divisions derive substantially all their revenues from providing specialized labor intensive industrial services. The market for their services is principally dictated by the population of industrial facilities, pipelines and related equipment. Services provided by both the TCM and TMS divisions are predominantly provided through a network of field branch locations located in proximity to industrial plants. The structure of those branch locations is similar, with locations overseen by a branch/regional manager, one or more sales representatives and a cadre of technicians to service the business requirements of our customers. Both the TCM and TMS division field locations share the same chief operating decision maker and both divisions are supported by common and often centralized technical and commercial support staffs, quality assurance, training, finance, legal, human resources and health and safety departments.

Revenues and total assets in the United States and other countries are as follows (in thousands):

	Three Months Ended February 28, 2013		Three Months Ended February 29, 2012		Nine Months Ended February 28, 2013		Nine Months Ended February 29, 2012
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Revenues
United States	$	116,155	$	99,132	$	366,397	$	301,652
Canada		19,946		22,927		98,647		87,724
Europe		8,220		9,672		23,586		26,559
Other foreign countries		6,654		4,792		24,485		19,954
Total	$	150,975	$	136,523	$	513,115	$	435,889

	February 28, 2013		May 31, 2012
	(unaudited)
Total Assets
United States	$	324,801	$	296,240
Canada		65,081		60,334
Europe		32,461		30,352
Other foreign countries		24,794		16,862
Total	$	447,137	$	403,788