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Segment Information
 3 Months Ended
Mar. 31, 2021
Segment Information [Abstract]  
Segment Information
Note 15 - Segment Information

We have 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 engineering services include, but are not limited to, plant design verification and validation, thermal performance evaluation and optimization programs, and engineering programs for plants for ASME code and ASME Section XI. The Company provides these services across all market segments through our Performance, True North consulting, and DP Engineering subsidiaries. Example training applications include turnkey and custom training services. Contract terms are typically less than two years.

On February 15, 2019, through our wholly-owned subsidiary GSE Performance Solutions, Inc., the Company entered into the DP Engineering Purchase Agreement, to purchase 100% of the membership interests in DP Engineering. DP Engineering is a provider of value-added technical engineering solutions and consulting services to nuclear power plants with an emphasis on preparation and implementation of design modifications during plant outages. For reporting purposes, DP Engineering is included in our Performance segment due to similarities in services provided including engineering solutions and implementation of design modifications to the nuclear power sector.

The Nuclear Industry Training and Consulting (workforce solutions) segment provides specialized workforce solutions primarily to the nuclear industry, working at clients’ facilities. This business is managed through our Hyperspring and Absolute subsidiaries. The business model, management focus, margins and other factors clearly separate this business line from the rest of the GSE product and service portfolio.

The following table summarizes the revenue and operating results attributable to our reportable segments and includes a reconciliation of segment revenue to consolidated revenue and segment loss to consolidated loss before income taxes. Inter-segment revenue is eliminated in consolidation and is not significant.

(in thousands)
 
Three months ended
 
  
March 31, 2021
  
March 31, 2020
 
Revenue:
      
Performance Improvement Solutions
 
$
7,081
  
$
9,711
 
Nuclear Industry Training and Consulting
  
6,023
   
7,994
 
Total revenue
 
$
13,104
  
$
17,705
 
         
Operating loss
        
Performance Improvement Solutions
 
$
(1,403
)
 
$
(1,272
)
Nuclear Industry Training and Consulting
  
(784
)
  
(559
)
Loss on impairment
  
-
   
(4,302
)
Operating loss
  
(2,187
)
  
(6,133
)
         
Interest expense, net
  
(54
)
  
(241
)
Gain (loss) on derivative instruments, net
  
-
   
(43
)
Other income, net
  
1
   
29
 
Loss before income taxes
 
$
(2,240
)
 
$
(6,388
)