Segment Information

3 Months Ended

Mar. 31, 2014

Segment Information [Abstract]

Segment Information

11.Segment Information 

We conduct our core business operations through our Utility and Energy Technologies segment.  In 2011, we divested the non-core business operations of our Oil and Gas Services segment, which has ceased operations. 

Our reported segments are strategic business units with different products and services and serve different customer bases.  They are separate because each segment requires different technology and marketing strategies.  Our operating segments also represent components for which discrete financial information is available and is (or was, in the case of our Oil and Gas Services segment) reviewed regularly by the chief operating decision-maker, or decision-making group, to evaluate performance and make operating decisions.      

Utility and Energy Technologies – Our Utility and Energy Technologies segment includes our three product and service offerings:  our Distributed Generation products and services, our Utility Infrastructure products and services, and our Energy Efficiency products and services.  These three product and service groupings are commonly focused on serving the needs of utilities and their commercial, institutional and industrial customers to help them generate, deliver, and utilize electricity more efficiently.  They share common or complementary utility relationships and customer types, common sales and overhead resources, and facilities.  However, we discuss and distinguish our Utility and Energy Technologies business among these groups due to the unique market needs they are addressing, and the distinct technical disciplines and specific capabilities required for us to deliver them, including personnel, technology, engineering, and intellectual capital.  Our Utility and Energy Technologies segment is operated through our largest wholly-owned subsidiary, PowerSecure, Inc. 

The accounting policies of the reportable segments are the same as those described in Note 2 of the notes to condensed consolidated financial statements.  We evaluate the performance of our operating segments based on income (loss) before income taxes.  There are no intersegment sales.  Summarized financial information concerning our reportable segments is shown in the following table. Unallocated Corporate and Other amounts include corporate overhead, insignificant results related to our divested Oil and Gas Services Segment, and other income and interest expense amounts which, for purposes of evaluating the operations of our segments, are not allocated to our segment activities.  Total asset amounts exclude intercompany receivable balances eliminated in consolidation.  

	Three Months Ended March 31, 2014
	Utility and		Unallocated
	Energy		Corporate
	Technologies		and Other		Total
Revenues	$	52,797	$	-	$	52,797
Cost of Sales (excluding depreciation and amortization)		41,756		-		41,756
Gross Profit		11,041		-		11,041
Operating expenses:
General and administrative		11,671		1,373		13,044
Selling, marketing and service		2,009		-		2,009
Depreciation and amortization		2,178		-		2,178
Restructuring charges		427		-		427
Total operating expenses		16,285		1,373		17,658
Operating income (loss)		(5,244)		(1,373)		(6,617)
Other income and (expenses):
Interest income and other income		-		4		4
Interest expense		(45)		(255)		(300)
Income (loss) before income taxes	$	(5,289)	$	(1,624)	$	(6,913)
Total capital expenditures	$	1,485	$	-	$	1,485
Total goodwill	$	30,226	$	-	$	30,226
Total assets	$	196,949	$	41,407	$	238,356

	Three Months Ended March 31, 2013
	Utility and		Unallocated
	Energy		Corporate
	Technologies		and Other		Total
Revenues	$	44,957	$	-	$	44,957
Cost of Sales (excluding depreciation and amortization)		31,217		-		31,217
Gross Profit		13,740		-		13,740
Operating expenses:
General and administrative		8,602		1,230		9,832
Selling, marketing and service		1,385		-		1,385
Depreciation and amortization		1,456		-		1,456
Restructuring charges		-		-		-
Total operating expenses		11,443		1,230		12,673
Operating income (loss)		2,297		(1,230)		1,067
Other income and (expenses):
Interest income and other income		-		21		21
Interest expense		(58)		(47)		(105)
Income (loss) before income taxes	$	2,239	$	(1,256)	$	983
Total capital expenditures	$	1,457	$	-	$	1,457
Total goodwill	$	16,703	$	-	$	16,703
Total assets	$	156,373	$	13,106	$	169,479