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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2012
Major Customers and Foreign Sales and Business Segment Information [Abstract]  
Net Sales by Business Segment
                 
$ in thousands   2012     2011  

Net Sales (less intra-, inter-segment sales)

               

Engineered Equipment Technology and Parts Group

               

United States

  $ 75,824     $ 76,416  

Canada

    7,611       7,492  

China

    4,905       6,147  

Brazil

    121       2,214  

India

    218       229  
   

 

 

   

 

 

 

Subtotal

    88,679       92,498  

Contracting / Services Group

    25,527       26,879  

Component Parts Group

    20,771       18,771  

Corporate and other

    75       1,044  
   

 

 

   

 

 

 

Net sales

  $ 135,052     $ 139,192  
   

 

 

   

 

 

 
Income from Operations (loss) by business segment
                 
$ in thousands   2012     2011  

Income (loss) from Operations

               

Engineered Equipment Technology and Parts Group (a)

  $ 15,562     $ 12,381  

Contracting / Services Group (a)

    3,461       3,145  

Component Parts Group (a)

    4,198       3,372  

Corporate and other (a) (b)

    (6,474 )     (6,418 )

Eliminations

    (64 )     (112 )
   

 

 

   

 

 

 

Income from operations

  $ 16,683     $ 12,368  
   

 

 

   

 

 

 

 

(a) The amounts presented above at the reportable business segment level include both external and intersegment net sales and operating income (loss), as applicable. See following tables in this Note 18 under “Intra-segment and Inter-segment Revenues.”
(b) Includes corporate compensation, professional services, information technology, and other general and administrative corporate expenses. Also included are the operations of our Engineering Group, which are not significant to the overall operations of the Company and were sold in November 2011.
Property and Equipment Additions, Depreciation and Amortization and Identifiable Assets
                 
    December 31,  
$ in thousands   2012     2011  

Property and Equipment Additions

               

Engineered Equipment Technology and Parts Group

  $ 113     $ 183  

Contracting / Services Group

    61       115  

Component Parts Group

    77       449  

Corporate and other (c)

    22       166  
   

 

 

   

 

 

 

Property and equipment additions

  $ 273     $ 913  
   

 

 

   

 

 

 

 

(c) Includes Corporate and Engineering Group property and equipment additions. The Engineering Group was sold in November 2011.

 

                 
$ in thousands   2012     2011  

Depreciation and Amortization

               

Engineered Equipment Technology and Parts Group

  $ 623     $ 766  

Contracting / Services Group

    221       232  

Component Parts Group

    193       185  

Corporate and other (d)

    213       216  
   

 

 

   

 

 

 

Depreciation and amortization

  $ 1,250     $ 1,399  
   

 

 

   

 

 

 

 

(d) Includes Corporate and Engineering Group depreciation and amortization. The Engineering Group was sold in November 2011.

 

                 
    December 31,  
$ in thousands   2012     2011  

Identifiable Assets

               

Engineered Equipment Technology and Parts Group

  $ 60,516     $ 51,480  

Contracting / Services Group

    25,636       18,588  

Component Parts Group

    5,573       5,577  

Corporate and other (e)

    7,599       9,705  

Eliminations (f)

    (5,220 )     (6,005
   

 

 

   

 

 

 

Identifiable assets (g)

  $ 94,104     $ 79,345  
   

 

 

   

 

 

 

 

(e) Includes Corporate and Engineering Group identifiable assets. The Engineering Group was sold in November 2011. Corporate assets primarily consists of cash, income tax related assets, and intercompany note receivable.
(f) Includes eliminations for intercompany trade accounts receivable, intercompany job revenue, and intercompany note receivable.
(g) The Company has revised its business segment reporting primarily to exclude nontrade accounts receivable in order to better reflect the manner in which such assets are reviewed by management.
 
Goodwill
                 
    December 31,  
    2012     2011  

Goodwill

               

Engineered Equipment Technology and Parts Group

  $ 19,548     $ 14,661  
   

 

 

   

 

 

 
Intra-segment and Inter-segment Revenues

Intra-segment and Inter-segment Revenues

The Company has multiple divisions that sell to each other within segments and between segments as indicated in the following tables:

 

                                                         
          Year Ended December 31, 2012  
    total sales     less
intra-segment
sales
    less inter-segment sales     net sales to
outside
customers
 
$ in thousands       EET&P     C/S     CP     Corp. (a)    

Net Sales

                                                       

Engineered Equipment Technology and Parts Group

                                                       

United States

  $ 77,447     $ (829 )   $ —       $ (794 )   $ —       $ —       $ 75,824  

Canada

    7,548       63       —         —         —         —         7,611  

China

    6,967       (2,062 )     —         —         —         —         4,905  

Brazil

    121       —         —         —         —         —         121  

India

    218       —         —         —         —         —         218  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    92,301       (2,828 )           (794 )     —         —         88,679  

Contracting / Services Group

    27,852       (83 )     (2,242 )     —         —                 25,527  

Component Parts Group

    22,084       (366 )     (27 )     (920 )     —         —         20,771  

Corporate and other (a)

    19       —                 (10 )     —         66       75  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net sales

  $ 142,256     $ (3,277 )   $ (2,269 )   $ (1,724 )   $ —       $ 66     $ 135,052  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) Includes adjustment for revenue on intercompany jobs.

 

                                                         
          Year Ended December 31, 2011  
    total sales     less
intra-segment
sales
    less inter-segment sales     net sales to
outside
customers
 
$ in thousands       EET&P     C/S     CP     Corp. (a)    

Net Sales

                                                       

Engineered Equipment Technology and Parts Group

                                                       

United States

  $ 82,946     $ (3,733 )   $ —       $ (2,797 )   $ —       $ —       $ 76,416  

Canada

    7,492       —         —         —         —         —         7,492  

China

    9.001       (2,854 )     —         —         —         —         6,147  

Brazil

    2,214       —         —         —         —         —         2,214  

India

    229       —         —         —         —         —         229  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

subtotal

    101,882       (6,587 )     —         (2,797 )     —         —         92,498  

Contracting / Services Group

    29,466       (120 )     (2,355 )     —         (50 )     (62 )     26,879  

Component Parts Group

    20,230       (449 )     (139 )     (871 )     —         —         18,771  

Corporate and other (a)

    1,079       —                 (47 )     —         12       1,044  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net sales

  $ 152,657     $ (7,156 )   $ (2,494 )   $ (3,715 )   $ (50 )   $ (50 )   $ 139,192  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) Includes the operations of our Engineering Group, which is not significant to the overall operations of the Company, and adjustment for revenue on intercompany jobs. The Engineering Group was sold in November 2011.