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Segment Information
3 Months Ended
Mar. 31, 2022
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. 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 American Society of Mechanical Engineers (“ASME”) code and ASME Section XI. We provide these services across all market segments through our GSE Performance Solutions, Inc. (“GSE Performance”), True North Consulting, LLC (“True North”) and DP Engineering Ltd., Co. (“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, LLC (“Hyperspring”) and Absolute Consulting, Inc. (“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)
 
Three months ended
 
   
March 31, 2022
   
March 31, 2021
 
Revenue:
           
Performance Improvement Solutions
 
$
6,397
   
$
7,081
 
Workforce Solutions
   
5,878
     
6,023
 
Total revenue
 
$
12,275
   
$
13,104
 
                 
Operating loss
               
Performance Improvement Solutions
 
$
2,395
 
$
(1,403
)
Workforce Solutions
   
(159
)
   
(784
)
Loss on impairment
   
-
     
-
 
Operating loss
   
(2,554
)
   
(2,187
)
                 
Interest expense, net
   
(148
)
   
(54
)
Change in fair value of derivative instruments, net
   
(581
)
   
-
 
Other income, net
   
16
     
1
 
Loss before income taxes
 
$
(3,267
)
 
$
(2,240
)