SEGMENT AND GEOGRAPHIC INFORMATION

The Company operates in three distinct markets: energy and mining; water and wastewater; and commercial and structural services. The Company’s three operating segments are also its reportable segments: Infrastructure Solutions; Corrosion Protection; and Energy Services. The Company’s operating segments correspond to its management organizational structure. Each operating segment has a president who reports to the chief operating decision manager (“CODM”). The operating results and financial information reported by each segment are evaluated separately, regularly reviewed and used by the CODM to evaluate segment performance, allocate resources and determine management incentive compensation.

The following disaggregated financial results have been prepared using a management approach that is consistent with the basis and manner with which management internally disaggregates financial information for the purpose of making internal operating decisions. The Company evaluates performance based on stand-alone operating income (loss).

Financial information by segment was as follows (in thousands):



	Years Ended December 31,
	2017			2016			2015
Revenues:
Infrastructure Solutions	$	612,154		$	571,551		$	556,234
Corrosion Protection	456,139			401,469			437,921
Energy Services	290,726			248,900			339,415
Total revenues	$	1,359,019		$	1,221,920		$	1,333,570

Operating income (loss):
Infrastructure Solutions ⁽¹⁾	$	(61,807	)	$	53,503		$	46,867
Corrosion Protection ⁽²⁾	12,437			1,809			(1,771		)
Energy Services ⁽³⁾	6,197			(4,486		)	(25,150		)
Total operating income (loss)	(43,173		)	50,826			19,946
Other income (expense):
Interest expense	(16,001		)	(15,029		)	(16,044		)
Interest income	145			166			218
Other	(2,201		)	(694		)	(2,905		)
Total other expense	(18,057		)	(15,557		)	(18,731		)
Income (loss) before taxes on income	$	(61,230	)	$	35,269		$	1,215

Total assets:
Infrastructure Solutions	$	531,746		$	584,425		$	508,817
Corrosion Protection	329,848			424,007			489,519
Energy Services	152,416			147,171			183,763
Corporate	22,775			37,979			50,854
Assets held for sale	70,314			—			21,060
Total assets	$	1,107,099		$	1,193,582		$	1,254,013

Capital expenditures:
Infrastructure Solutions	$	16,680		$	19,834		$	7,657
Corrosion Protection	8,603			14,393			17,226
Energy Services	2,713			2,514			2,202
Corporate	2,834			2,019			2,369
Total capital expenditures	$	30,830		$	38,760		$	29,454

Depreciation and amortization:
Infrastructure Solutions	$	18,731		$	17,547		$	14,836
Corrosion Protection	15,598			18,792			18,834
Energy Services	6,726			7,067			7,641
Corporate	4,319			3,313			2,480
Total depreciation and amortization	$	45,374		$	46,719		$	43,791

__________________________

⁽¹⁾

Operating loss for 2017 includes: (i) $18.1 million of restructuring charges (see Note 3); (ii) $45.4 million of goodwill impairment charges (see Note 2); (iii) $41.0 million of definite-lived intangible asset impairment charges (see Note 2); and (iv) $0.7 million of costs incurred related to the acquisition of Environmental Techniques. Operating income for 2016 includes: (i) $2.9 million of restructuring charges (see Note 3); (ii) $2.7 million of costs incurred related to the acquisitions of Underground Solutions, Fyfe Europe, LMJ and Concrete Solutions; (iii) inventory step up expense of $3.6 million recognized as part of the accounting for business combinations; and (iv) a gain of $6.6 million in connection with the settlement of two longstanding lawsuits (see Note 11). Operating income for 2015 includes $8.1 million of restructuring charges (see Note 3) and $1.1 million of costs incurred related to the acquisition of Underground Solutions.

⁽²⁾

Operating income for 2017 includes: (i) $5.9 million of restructuring charges (see Note 3); and (ii) $2.3 million of costs incurred related to the planned divestiture of Bayou. Operating income for 2016 includes $4.6 million of 2016 Restructuring charges (see Note 3). Operating loss for 2015 includes $10.0 million of goodwill impairment charges (see Note 2) and $0.5 million of acquisition related expenses.


⁽³⁾	Operating loss for 2016 includes $8.2 million of restructuring charges (see Note 3). Operating loss for 2015 includes $33.5 million of goodwill impairment charges (see Note 2) and $0.3 million of costs incurred related to the acquisition of Schultz.

The following table summarizes revenues, operating income (loss) and long-lived assets by geographic region (in thousands):



	Years Ended December 31,
	2017			2016		2015
Revenues: ⁽¹⁾
United States	$	1,028,313		$	924,580	$	965,957
Canada	139,734			129,291		174,827
Europe	71,839			60,238		56,474
Other foreign	119,133			107,811		136,312
Total revenues	$	1,359,019		$	1,221,920	$	1,333,570

Operating income (loss):
United States	$	(33,236	)	$	28,048	$	(18,959	)
Canada	12,220			16,156		27,126
Europe	(3,771		)	981		3,217
Other foreign	(18,386		)	5,641		8,562
Total operating income (loss)	$	(43,173	)	$	50,826	$	19,946

Long-lived assets: ⁽¹⁾⁽²⁾
United States	$	93,472		$	140,099	$	124,120
Canada	8,816			9,464		9,872
Europe	13,435			7,575		7,268
Other foreign	9,586			8,829		9,189
Total long-lived assets	$	125,309		$	165,967	$	150,449

__________________________


⁽¹⁾	Revenues and long-lived assets are attributed to the country of origin for the Company’s legal entities. For a significant majority of its legal entities, the country of origin relates to the country or geographic area that it services.


⁽²⁾	Long-lived assets as of December 31, 2017, 2016 and 2015 do not include intangible assets, goodwill or deferred tax assets.