XML 39 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Schedule of Operating Results by Segment
ur operations are assessed based on three reportable segments:

Global Power: Design and supply new build steam generation equipment for fossil fuel and renewable fuel sources and utility-scale environmental systems.
Global Services: Comprehensive mix of services for utility and industrial steam generation and related environmental solutions that includes aftermarket parts and technical services, service projects including design and engineering, construction, and utility operations and maintenance.
Industrial Environmental: Original equipment and related maintenance and aftermarket parts for industrial air pollution control systems and coating and drying equipment for a wide range of industries.

An analysis of our operations by segment is as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2016
 
2015
 
2016
 
2015
Revenues:
 
 
 
 
 
 
 
Global Power
$
127,245

 
$
157,373

 
$
257,728

 
$
281,259

Global Services
217,958

 
236,720

 
459,125

 
468,894

Industrial Environmental
38,005

 
43,392

 
70,471

 
84,487

 
383,208

 
437,485

 
787,324

 
834,640

Gross profit (loss):
 
 
 
 
 
 
 
Global Power
(9,068
)
 
26,676

 
15,302

 
47,104

Global Services
53,633

 
46,308

 
101,825

 
99,595

Industrial Environmental
10,986

 
8,900

 
18,580

 
18,582

Mark to market adjustment included in cost of operations
(29,499
)
 

 
(29,499
)
 

 
26,052

 
81,884

 
106,208

 
165,281

Research and development costs
(3,070
)
 
(3,962
)
 
(5,912
)
 
(8,480
)
Losses (gains) on asset disposals and impairments, net
(6
)
 
(9,009
)
 
15

 
(9,027
)
Selling, general and administrative expenses
(62,928
)
 
(58,809
)
 
(121,663
)
 
(115,902
)
Restructuring activities and spin-off transaction costs
(31,616
)
 
(6,212
)
 
(35,626
)
 
(8,566
)
Equity in income (loss) of investees
(616
)
 
967

 
2,060

 
(1,104
)
Mark to market adjustment included in selling, general and administrative expenses
(401
)
 

 
(401
)
 

Operating income (loss)
$
(72,585
)
 
$
4,859

 
$
(55,319
)
 
$
22,202