OPERATING SEGMENTS

9 Months Ended

Sep. 30, 2012

OPERATING SEGMENTS

OPERATING SEGMENTS

NOTE 14.    OPERATING SEGMENTS

We operate within two segments, Operating Disposal Facilities and Non-Operating Disposal Facilities. These segments reflect our internal reporting structure and nature of services offered. The Operating Disposal Facility segment represents disposal facilities accepting hazardous and radioactive waste. The Non-Operating Disposal Facility segment represents facilities which are not accepting hazardous and/or radioactive waste or formerly proposed new facilities.

Income taxes are assigned to Corporate, but all other items are included in the segment where they originated. Inter-company transactions have been eliminated from the segment information and are not significant between segments.

Summarized financial information concerning our reportable segments is shown in the following tables:

Three Months Ended September 30, 2012 (in thousands)	Operating Disposal Facilities			Non- Operating Disposal Facilities			Corporate			Total
Revenue - Treatment and disposal	$	38,578		$	5		$	—		$	38,583
Revenue - Transportation services	7,156			—			—			7,156
Total revenue	45,734			5			—			45,739
Direct operating costs	19,838			55			—			19,893
Transportation costs	7,257			—			—			7,257
Gross profit (loss)	18,639			(50		)	—			18,589
Selling, general & administrative expense	2,868			—			3,328			6,196
Operating income (loss)	15,771			(50		)	(3,328		)	12,393
Interest income (expense), net	4			—			(231		)	(227		)
Foreign currency gain (loss)	(165		)	—			1,770			1,605
Other income	68			2			—			70
Income (loss) before income taxes	15,678			(48		)	(1,789		)	13,841
Income tax expense	—			—			5,179			5,179
Net income (loss)	$	15,678		$	(48	)	$	(6,968	)	$	8,662
Depreciation, amortization & accretion	$	4,083		$	54		$	11		$	4,148
Capital expenditures	$	6,690		$	—		$	—		$	6,690
Total assets	$	215,786		$	97		$	7,847		$	223,730

Three Months Ended September 30, 2011 (in thousands)	Operating Disposal Facilities		Non- Operating Disposal Facilities			Corporate			Total
Revenue - Treatment and disposal	$	34,558	$	6		$	—		$	34,564
Revenue - Transportation services	5,106		—			—			5,106
Total revenue	39,664		6			—			39,670
Direct operating costs	18,752		58			—			18,810
Transportation costs	5,571		—			—			5,571
Gross profit (loss)	15,341		(52		)	—			15,289
Selling, general & administrative expense	2,925		—			2,797			5,722
Operating income (loss)	12,416		(52		)	(2,797		)	9,567
Interest income (expense), net	6		—			(395		)	(389		)
Foreign currency gain (loss)	218		—			(3,879		)	(3,661		)
Other income	73		—			—			73
Income (loss) before income taxes	12,713		(52		)	(7,071		)	5,590
Income tax expense	—		—			1,864			1,864
Net income (loss)	$	12,713	$	(52	)	$	(8,935	)	$	3,726
Depreciation, amortization & accretion	$	4,217	$	55		$	13		$	4,285
Capital expenditures	$	1,773	$	—		$	46		$	1,819
Total assets	$	194,961	$	91		$	8,877		$	203,929

Nine Months Ended September 30, 2012 (in thousands)	Operating Disposal Facilities			Non- Operating Disposal Facilities			Corporate			Total
Revenue - Treatment and disposal	$	104,486		$	16		$	—		$	104,502
Revenue - Transportation services	14,230			—			—			14,230
Total revenue	118,716			16			—			118,732
Direct operating costs	55,997			167			—			56,164
Transportation costs	14,576			1			—			14,577
Gross profit (loss)	48,143			(152		)	—			47,991
Selling, general & administrative expense	8,310			—			9,857			18,167
Operating income (loss)	39,833			(152		)	(9,857		)	29,824
Interest income (expense), net	13			—			(659		)	(646		)
Foreign currency gain (loss)	(247		)	—			2,022			1,775
Other income	669			3			—			672
Income (loss) before income taxes	40,268			(149		)	(8,494		)	31,625
Income tax expense	—			—			12,078			12,078
Net income (loss)	$	40,268		$	(149	)	$	(20,572	)	$	19,547
Depreciation, amortization & accretion	$	12,142		$	162		$	32		$	12,336
Capital expenditures	$	12,400		$	17		$	16		$	12,433
Total assets	$	215,786		$	97		$	7,847		$	223,730

Nine Months Ended September 30, 2011 (in thousands)	Operating Disposal Facilities		Non- Operating Disposal Facilities			Corporate			Total
Revenue - Treatment and disposal	$	94,113	$	17		$	—		$	94,130
Revenue - Transportation services	19,220		—			—			19,220
Total revenue	113,333		17			—			113,350
Direct operating costs	54,653		172			—			54,825
Transportation costs	20,689		—			—			20,689
Gross profit (loss)	37,991		(155		)	—			37,836
Selling, general & administrative expense	7,757		—			8,117			15,874
Operating income (loss)	30,234		(155		)	(8,117		)	21,962
Interest income (expense), net	19		—			(1,275		)	(1,256		)
Foreign currency gain (loss)	125		—			(2,318		)	(2,193		)
Other income	244		1			—			245
Income (loss) before income taxes	30,622		(154		)	(11,710		)	18,758
Income tax expense	—		—			7,087			7,087
Net income (loss)	$	30,622	$	(154	)	$	(18,797	)	$	11,671
Depreciation, amortization & accretion	$	11,757	$	164		$	36		$	11,957
Capital expenditures	$	7,369	$	12		$	112		$	7,493
Total assets	$	194,961	$	91		$	8,877		$	203,929

Revenue, Property and Equipment and Intangible Assets Outside of the United States

We provide services in the United States and Canada. The table below summarizes revenues by geographic area where the underlying services were performed for the three and nine months ended September 30, 2012 and 2011:

	Three Months Ended September 30,				Nine Months Ended September 30,
$s in thousands	2012		2011		2012		2011
United States	$	36,100	$	30,248	$	91,658	$	85,100
Canada	9,639		9,422		27,074		28,250
Total revenue	$	45,739	$	39,670	$	118,732	$	113,350

Long-lived assets, consisting of property and equipment and intangible assets net of accumulated depreciation and amortization, by geographic location as of September 30, 2012 and December 31, 2011 consisted of the following:

	September 30,		December 31,
$s in thousands	2012		2011
United States	$	81,747	$	71,456
Canada	70,605		67,757
Total long-lived assets	$	152,352	$	139,213