OPERATING SEGMENTS

9 Months Ended

Sep. 30, 2013

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, 2013 (in thousands)	Operating Disposal Facilities			Non- Operating Disposal Facilities			Corporate			Total
Revenue - Treatment and disposal	$	42,489		$	6		$	—		$	42,495
Revenue - Transportation services	10,595			—			—			10,595
Total revenue	53,084			6			—			53,090
Direct operating costs	20,847			55			—			20,902
Transportation costs	10,568			—			—			10,568
Gross profit (loss)	21,669			(49		)	—			21,620
Selling, general & administrative expense	2,611			—			3,497			6,108
Operating income (loss)	19,058			(49		)	(3,497		)	15,512
Interest income (expense), net	4			—			(208		)	(204		)
Foreign currency gain (loss)	(233		)	—			916			683
Other income	75			2			—			77
Income (loss) before income taxes	18,904			(47		)	(2,789		)	16,068
Income tax expense	—			—			5,740			5,740
Net income (loss)	$	18,904		$	(47	)	$	(8,529	)	$	10,328
Depreciation, amortization & accretion	$	4,336		$	52		$	9		$	4,397
Capital expenditures	$	2,915		$	—		$	145		$	3,060
Total assets	$	222,503		$	87		$	8,141		$	230,731

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

Nine Months Ended September 30, 2013 (in thousands)	Operating Disposal Facilities		Non- Operating Disposal Facilities			Corporate			Total
Revenue - Treatment and disposal	$	117,553	$	16		$	—		$	117,569
Revenue - Transportation services	24,197		—			—			24,197
Total revenue	141,750		16			—			141,766
Direct operating costs	61,583		162			—			61,745
Transportation costs	24,091		—			—			24,091
Gross profit (loss)	56,076		(146		)	—			55,930
Selling, general & administrative expense	8,524		—			9,829			18,353
Operating income (loss)	47,552		(146		)	(9,829		)	37,577
Interest income (expense), net	10		—			(650		)	(640		)
Foreign currency gain (loss)	199		—			(1,647		)	(1,448		)
Other income	261		7			—			268
Income (loss) before income taxes	48,022		(139		)	(12,126		)	35,757
Income tax expense	—		—			12,813			12,813
Net income (loss)	$	48,022	$	(139	)	$	(24,939	)	$	22,944
Depreciation, amortization & accretion	$	12,628	$	156		$	27		$	12,811
Capital expenditures	$	15,330	$	—		$	260		$	15,590
Total assets	$	222,503	$	87		$	8,141		$	230,731

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

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

We provide services in the United States and Canada. Revenues by geographic location where the underlying services were performed consisted of the following:

Geographic disclosure

	Three Months Ended September 30,				Nine Months Ended September 30,
$s in thousands	2013		2012		2013		2012
United States	$	37,833	$	36,100	$	101,852	$	91,658
Canada	15,257		9,639		39,914		27,074
Total revenue	$	53,090	$	45,739	$	141,766	$	118,732

Long-lived assets, comprised of property and equipment and intangible assets net of accumulated depreciation and amortization, by geographic location consisted of the following:

	September 30,		December 31,
$s in thousands	2013		2012
United States	$	86,851	$	81,605
Canada	66,787		68,958
Total long-lived assets	$	153,638	$	150,563