Segment Information

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Information

7. Segment Information

The Company’s operations are organized in two reportable segments, the Water Transmission Group and the Tubular Products Group, which are based on the nature of the products and the manufacturing process. The Water Transmission Group manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, primarily related to drinking water systems. These products are also used for hydroelectric power systems, wastewater systems and other applications. In addition, the Water Transmission Group makes products for industrial plant piping systems and certain structural applications. The Tubular Products Group manufactures and markets smaller diameter, electric resistance welded steel pipe used in a wide range of applications, including energy, construction, agriculture and industrial systems. These two segments represent distinct business activities, which management evaluates based on segment gross profit and operating income. Transfers between segments in the periods presented were not material.

	Three months ended September 30,						Nine months ended September 30,
	2013			2012			2013			2012
	(in thousands)						(in thousands)
Net sales:
Water Transmission	$	46,835		$	63,487		$	183,596		$	180,968
Tubular Products		56,187			51,612			176,761			207,347
Total	$	103,022		$	115,099		$	360,357		$	388,315
Gross profit:
Water Transmission	$	7,932		$	9,681		$	39,927		$	27,529
Tubular Products		880			1,919			5,757			14,148
Total	$	8,812		$	11,600		$	45,684		$	41,677
Operating income (loss):
Water Transmission	$	6,306		$	6,969		$	34,838		$	21,123
Tubular Products		93			1,134			3,644			11,981
Corporate		(3,559	)		(4,074	)		(11,442	)		(12,926	)
Total	$	2,840		$	4,029		$	27,040		$	20,178