Segment Information

12 Months Ended

Dec. 31, 2021

Segment Information [Abstract]

Segment Information

20.  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. Examples of 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. We provide these services across all market segments through our Performance, True North, and DP Engineering subsidiaries. Example training applications include turnkey and custom training services. Contract terms are typically less than two years.

The 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 our products and services portfolio.

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 tax expense (benefit). Inter-segment revenue is eliminated in consolidation and is not significant.

(in thousands)	Years ended December 31,
	2021			2020
Revenue:
Performance Improvement Solutions	$	28,140		$	32,790
Workforce Solutions		27,043			24,830
Total revenue	$	55,183		$	57,620
Operating loss
Performance Improvement Solutions	$	(4,422	)	$	(2,683	)
Workforce Solutions		(1,549	)		(2,076	)
Litigation		-			(477	)
Loss on impairment		(3	)		(4,302	)
Operating loss	$	(5,974	)	$	(9,538	)
Interest expense		(159	)		(623	)
Gain (loss) on derivative instruments, net		19			(17	)
Other income (expense), net		16,884			(4	)
Income (loss) before taxes	$	10,770		$	(10,182	)

Additional information relating to segments is as follows:

(in thousands)	December 31,
	2021		2020
Performance Improvement Solutions	$	23,742	$	25,845
Workforce Solutions		15,309		13,345
Total assets	$	39,051	$	39,190

For the years ended December 31, 2021 and 2020, 91% and 89%, respectively, of our consolidated revenue was from customers in the nuclear power industry. We design, develop and deliver business and technology solutions to the energy industry worldwide. Revenue, operating income (loss) and total assets for our United States, European, and Asian subsidiaries as of and for the years ended December 31, 2021 and 2020 are as follows:

(in thousands)	Year ended December 31, 2021
	United States			Europe			Asia			Eliminations			Consolidated
Revenue	$	54,203		$	-		$	980		$	-		$	55,183
Transfers between geographic locations		386			-			88			(474	)		-
Total revenue	$	54,589		$	-		$	1,068		$	(474	)	$	55,183
Operating income (loss)	$	(3,351	)	$	(1,746	)	$	(877	)	$	-		$	(5,974	)
Total assets, at December 31	$	170,116		$	-		$	3,119		$	(134,184	)	$	39,051

(in thousands)	Year ended December 31, 2020
	United States			Europe		Asia		Eliminations			Consolidated
Revenue	$	56,628		$	-	$	992	$	-		$	57,620
Transfers between geographic locations		465			-		31		(496	)		-
Total revenue	$	57,093		$	-	$	1,023	$	(496	)	$	57,620
Operating income (loss)	$	(13,041	)	$	3,231	$	272	$	-		$	(9,538	)
Total assets, at December 31	$	161,672		$	2,679	$	3,191	$	(128,352	)	$	39,190

Revenues by geographic location above are attributed to the contracting entity.  Therefore, revenues from a foreign customer that contracted directly with our U.S. entity are included in revenues from the United States. All revenues in Asia were attributable to our Chinese subsidiary.

Alternatively, revenue from customers domiciled in foreign countries were approximately 12% and 17%, of our consolidated 2021 and 2020 revenue, respectively.  Revenue from foreign countries where our customers reside were all individually less than 10% of our consolidated revenue during 2021 and 2020.