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BUSINESS SEGMENTS (Tables)

v3.21.1
BUSINESS SEGMENTS (Tables)
12 Months Ended
Dec. 31, 2020
BUSINESS SEGMENTS  
Summary of selected financial information for each segment

 

 

 

 

 

 

 

 

 

 

 

    

Year ended December 31,

 

 

2020

    

2019

    

2018

Revenues

 

 

  

 

 

  

 

 

  

Asset Management Solutions

 

 

  

 

 

  

 

 

  

Aircraft

 

$

53,639,000

 

$

98,736,000

 

$

95,353,000

Engine

 

 

45,072,000

 

 

123,088,000

 

 

149,819,000

 

 

$

98,711,000

 

$

221,824,000

 

$

245,172,000

Tech Ops

 

 

  

 

 

  

 

 

  

MRO Services

 

$

103,899,000

 

$

69,389,000

 

$

38,779,000

Product Sales

 

 

6,328,000

 

 

12,988,000

 

 

6,781,000

 

 

 

110,227,000

 

 

82,377,000

 

 

45,560,000

Total

 

$

208,938,000

 

$

304,201,000

 

$

290,732,000

 


 

 

 

 

 

 

 

 

 

 

 

    

2020

    

2019

    

2018

Gross Profit

 

 

  

 

 

  

 

 

  

Asset Management Solutions

 

 

  

 

 

  

 

 

  

Aircraft

 

$

11,914,000

 

$

27,592,000

 

$

21,708,000

Engine

 

 

17,383,000

 

 

40,113,000

 

 

41,949,000

 

 

$

29,297,000

 

$

67,705,000

 

$

63,657,000

Tech Ops

 

 

  

 

 

  

 

 

  

MRO Services

 

$

21,883,000

 

$

11,125,000

 

$

6,818,000

Product Sales

 

 

1,609,000

 

 

6,219,000

 

 

1,694,000

 

 

 

23,492,000

 

 

17,344,000

 

 

8,512,000

Total

 

$

52,789,000

 

$

85,049,000

 

$

72,169,000

 


 

 

 

 

 

 

 

 

    

2020

    

2019

Total Assets

 

 

  

 

 

  

Asset Management Solutions

 

$

277,016,000

 

$

254,324,000

Tech Ops

 

 

108,622,000

 

 

88,129,000

Corporate

 

 

3,492,000

 

 

1,531,000

 

 

$

389,130,000

 

$

343,984,000

 


 

 

 

 

 

 

 

 

 

 

 

    

2020

    

2019

 

2018

Total Depreciation and Amortization Expense

 

 

  

 

 

  

 

 

 

Asset Management Solutions

 

$

21,210,000

 

$

28,579,000

 

$

27,611,000

Tech Ops

 

 

2,600,000

 

 

1,301,000

 

 

865,000

Corporate

 

 

413,000

 

 

201,000

 

 

1,350,000

 

 

$

24,223,000

 

$

30,081,000

 

$

29,826,000

Total Capital Expenditures

 

 

 

 

 

 

 

 

 

Asset Management Solutions

 

$

5,128,000

 

$

36,479,000

 

$

7,623,000

Tech Ops

 

 

1,965,000

 

 

1,500,000

 

 

1,033,000

Corporate

 

 

172,000

 

 

149,000

 

 

168,000

 

 

$

7,265,000

 

$

38,128,000

 

$

8,824,000

 

Summary of reconcilation segment gross profit to net income, continuing operations

 

 

 

 

 

 

 

 

 

 

 

    

2020

    

2019

    

2018

Segment gross profit

 

$

52,789,000

 

$

85,049,000

 

$

72,169,000

Selling, general and administrative expenses

 

 

(55,635,000)

 

 

(59,814,000)

 

 

(46,612,000)

CARES Act Proceeds

 

 

12,693,000

 

 

 —

 

 

 —

Transaction costs

 

 

1,436,000

 

 

(3,176,000)

 

 

(51,000)

Interest expense, net

 

 

(1,645,000)

 

 

(3,007,000)

 

 

(2,375,000)

Other income, net

 

 

494,000

 

 

611,000

 

 

367,000

Income tax benefit

 

 

(1,649,000)

 

 

(4,164,000)

 

 

3,227,000

Net income from continuing operations

 

$

8,483,000

 

$

15,499,000

 

$

26,725,000

 

Summary of revenues and long-lived assets based on the customers' geographic location

 

 

 

 

 

 

 

 

 

 

Revenues

    

2020

    

2019

    

2018

Domestic

 

$

92,837,000

 

$

105,083,000

 

$

135,892,000

Foreign

 

 

116,101,000

 

 

199,118,000

 

 

154,840,000

Total revenues

 

$

208,938,000

 

$

304,201,000

 

$

290,732,000

 


 

 

 

 

 

 

 

Long-lived assets

    

2020

    

2019

Domestic

 

$

108,796,000

 

$

113,966,000

Foreign

 

 

34,111,000

 

 

39,626,000

Total long-lived assets

 

$

142,907,000

 

$

153,592,000

 

Summary of intersegment revenues

 

 

 

 

 

 

 

 

 

 

 

    

Year ended December 31,

 

 

2020

 

2019

    

2018

Asset Management Solutions

 

$

3,346,000

 

$

334,000

 

$

233,000

Tech Ops

 

 

1,650,000

 

 

2,015,000

 

 

4,055,000

Total intersegment revenues

 

$

4,996,000

 

$

2,349,000

 

$

4,288,000