Segment Information

6 Months Ended

Jun. 30, 2017

Segment Information [Abstract]

Segment Information

15. Segment Information

The Company has two reportable business segments.  The Performance Improvement Solutions segment provides simulation, training and engineering products and services delivered across the breadth of industries we serve.  Solutions include simulation for both training and engineering applications.  Example training applications include turnkey and custom training services, while engineering services include plant design verification and validation. The Company provides these services across all market segments.  Contracts typically range from nine months to 24 months.  The Company and its predecessors have been providing these services since 1976.

The Nuclear Industry Training and Consulting segment provides specialized workforce solutions primarily to the nuclear industry, working at clients' facilities.  This business is managed through our Hyperspring subsidiary.  The business model, management focus, margins and other factors clearly separate this business line from the rest of the GSE product and service portfolio.  Hyperspring has been providing these services since 2005.

The following table sets forth the revenue and operating results attributable to each reportable segment and includes a reconciliation of segment revenue to consolidated revenue and operating results to consolidated income before income taxes:

(in thousands)	Three months ended June 30,				Six months ended June 30,
	2017		2016			2017	2016
Revenue:
Performance Improvement Solutions	$	11,686	$	8,323	$	21,356	$	17,166
Nuclear Industry Training and Consulting		5,439		4,092		12,111		8,225
		17,125		12,415		33,467		25,391
Operating income:
Performance Improvement Solutions		399		(432)		(340)		(474)
Nuclear Industry Training and Consulting		406		883		1,342		1,071
Change in fair value of contingent consideration, net		(43)		(224)		(297)		(155)
Operating income		762		227		705		442
Interest income, net		18		13		45		40
Gain (loss) on derivative instruments, net		315		(17)		155		(135)
Other (expense) income, net		(34)		(4)		(37)		98
Income before income taxes	$	1,061	$	219	$	868	$	445