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OPERATING SEGMENTS (Tables)
6 Months Ended
Jun. 30, 2018
OPERATING SEGMENTS  
Summary of financial information of our reportable segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2018

 

 

 

 

Field &

 

 

 

 

 

 

 

 

Environmental

 

Industrial

 

 

 

 

 

 

$s in thousands

    

Services

    

Services

    

Corporate

    

Total

Revenue

 

$

98,960

 

$

37,952

 

$

 —

 

$

136,912

Depreciation, amortization and accretion

 

$

8,676

 

$

1,415

 

$

330

 

$

10,421

Capital expenditures

 

$

4,935

 

$

1,849

 

$

618

 

$

7,402

Total assets

 

$

599,706

 

$

126,797

 

$

98,160

 

$

824,663

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2017

 

 

 

 

Field &

 

 

 

 

 

 

 

 

Environmental

 

Industrial

 

 

 

 

 

 

$s in thousands

    

Services

    

Services

    

Corporate

    

Total

Revenue

 

$

89,591

 

$

36,466

 

$

 —

 

$

126,057

Depreciation, amortization and accretion

 

$

9,105

 

$

1,451

 

$

128

 

$

10,684

Capital expenditures

 

$

7,771

 

$

1,839

 

$

723

 

$

10,333

Total assets

 

$

608,207

 

$

124,466

 

$

56,773

 

$

789,446

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2018

 

 

 

 

Field &

 

 

 

 

 

 

 

 

Environmental

 

Industrial

 

 

 

 

 

 

$s in thousands

    

Services

    

Services

    

Corporate

    

Total

Revenue

 

$

185,431

 

$

71,540

 

$

 —

 

$

256,971

Depreciation, amortization and accretion

 

$

17,186

 

$

2,770

 

$

446

 

$

20,402

Capital expenditures

 

$

10,939

 

$

2,887

 

$

1,134

 

$

14,960

Total assets

 

$

599,706

 

$

126,797

 

$

98,160

 

$

824,663

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2017

 

 

 

 

Field &

 

 

 

 

 

 

 

 

Environmental

 

Industrial

 

 

 

 

 

 

$s in thousands

    

Services

    

Services

    

Corporate

    

Total

Revenue

 

$

170,894

 

$

65,397

 

$

 —

 

$

236,291

Depreciation, amortization and accretion

 

$

17,895

 

$

2,909

 

$

258

 

$

21,062

Capital expenditures

 

$

13,610

 

$

2,339

 

$

1,603

 

$

17,552

Total assets

 

$

608,207

 

$

124,466

 

$

56,773

 

$

789,446

 

Reconciliation of Net Income to Adjusted EBITDA and adjusted EBITDA by operating segment

 

 

Three Months Ended June 30, 

 

Six Months Ended June 30, 

$s in thousands

    

2018

    

2017

 

2018

    

2017

Net income

 

$

13,220

 

$

5,049

 

$

22,463

 

$

10,234

Income tax expense

 

 

4,258

 

 

2,718

 

 

7,778

 

 

5,797

Interest expense

 

 

2,907

 

 

8,474

 

 

5,716

 

 

12,604

Interest income

 

 

(39)

 

 

(21)

 

 

(63)

 

 

(31)

Foreign currency (gain) loss

 

 

139

 

 

(158)

 

 

153

 

 

(246)

Other income

 

 

(193)

 

 

(166)

 

 

(2,316)

 

 

(303)

Depreciation and amortization of plant and equipment

 

 

7,044

 

 

6,987

 

 

13,649

 

 

13,621

Amortization of intangibles

 

 

2,296

 

 

2,615

 

 

4,598

 

 

5,286

Stock-based compensation

 

 

1,011

 

 

1,043

 

 

2,079

 

 

1,959

Accretion and non-cash adjustment of closure & post-closure liabilities

 

 

1,081

 

 

1,082

 

 

2,155

 

 

2,155

Adjusted EBITDA

 

$

31,724

 

$

27,623

 

$

56,212

 

$

51,076

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended June 30, 

    

Six Months Ended June 30, 

$s in thousands

 

2018

    

2017

 

2018

    

2017

Adjusted EBITDA:

 

 

 

 

 

 

 

 

 

 

 

 

Environmental Services

 

$

39,860

 

$

34,642

 

$

74,532

 

$

66,498

Field & Industrial Services

 

 

4,562

 

 

4,119

 

 

6,907

 

 

6,183

Corporate

 

 

(12,698)

 

 

(11,138)

 

 

(25,227)

 

 

(21,605)

Total

 

$

31,724

 

$

27,623

 

$

56,212

 

$

51,076

 

Schedule of long-lived assets by geographic location

 

 

 

 

 

 

 

 

    

June 30, 

 

December 31, 

$s in thousands

 

2018

    

2017

United States

 

$

390,769

 

$

396,066

Canada

 

 

58,487

 

 

61,178

Total long-lived assets

 

$

449,256

 

$

457,244