Business Segment and Related Information | Business Segment and Related Information The Company has identified the following reportable segments, Environmental Solutions and Maintenance & Technical Services, as each met the quantitative threshold of generating revenues equal to or greater than 10 percent of the combined revenue of all operating segments. Management evaluates the performance of each segment based on segment gross profit, which is calculated as revenues less cost of sales. For the three months ended June 30, 2018 (Successor), the three months ended June 30, 2017 (Successor), the six months ended June 30, 2018 (Successor), the period from January 13, 2017 through June 30, 2017 (Successor) and the period January 1, 2017 through January 12, 2017 (Predecessor), there are no intersegment revenues or other intersegment transactions. Segment assets are also evaluated by management based on each segment’s investment in property and equipment. Assets (other than property and equipment and goodwill) are not allocated to segments. Summarized financial information with respect to the reportable segments is as follows: Successor Three Months Ended June 30, 2018 ES M&TS All Other Total Revenue $ 90,113 $ 105,610 $ — $ 195,723 Segment gross profit 22,096 8,453 — 30,549 Segment depreciation and amortization expense 5,334 1,378 1,992 8,704 Three Months Ended June 30, 2017 ES M&TS All Other Total Revenue $ 61,638 $ 12,766 $ — $ 74,404 Segment gross profit 17,505 2,989 — 20,494 Segment depreciation and amortization expense 5,983 610 49 6,642 Six Months Ended June 30, 2018 ES M&TS All Other Total Revenue $ 137,897 $ 213,355 $ — $ 351,252 Segment gross profit 34,565 15,082 — 49,647 Segment depreciation and amortization expense 10,744 2,407 3,984 17,135 Expenditures for segment assets 3,445 4,788 — 8,233 Period from January 13, 2017 through June 30, 2017 ES M&TS All Other Total Revenue $ 109,495 $ 23,874 $ — $ 133,369 Segment gross profit 30,541 5,682 — 36,223 Segment depreciation and amortization expense 11,570 1,134 95 12,799 Expenditures for segment assets 2,038 2,383 17 4,438 Predecessor Period from January 1, 2017 through January 12, 2017 ES M&TS All Other Total Revenue $ 7,451 $ 1,679 $ — $ 9,130 Segment gross profit 1,412 417 — 1,829 Segment depreciation and amortization expense 688 70 5 763 Expenditures for segment assets — — — — Successor As of June 30, 2018 ES M&TS All Other Total Segment property and equipment, net $ 76,129 $ 33,153 $ 371 $ 109,653 Segment goodwill 59,809 16,622 — 76,431 As of December 31, 2017 ES M&TS All Other Total Segment property and equipment, net $ 75,764 $ 23,725 $ 441 $ 99,930 Segment goodwill 56,846 16,622 — 73,468 The following is a reconciliation of segment gross profit to net income: Successor Predecessor Three Months Ended June 30, 2018 Three Months Ended June 30, 2017 Six Months Ended June 30, 2018 Period from January 13, 2017 through June 30, 2017 Period from January 1, 2017 through January 12, 2017 Segment gross profit $ 30,549 $ 20,494 $ 49,647 $ 36,223 $ 1,829 General and administrative expenses 18,937 7,463 33,319 13,979 3,170 Interest expense (5,543 ) (1,728 ) (9,674 ) (2,783 ) (4,181 ) Income from equity method investment 699 270 1,286 477 48 Income tax expense 2,906 — 2,906 — — Net income (loss) $ 3,862 $ 11,573 $ 5,034 $ 19,938 $ (5,474 ) The following is a reconciliation of segment assets to total assets: As of June 30, 2018 As of December 31, 2017 Segment property and equipment, net $ 109,653 $ 99,930 Segment goodwill 76,431 73,468 Non-segment assets 245,849 204,253 Total assets $ 431,933 $ 377,651 |