Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2014

Net Sales and Operating Income (Loss) by Business Segment

The financial segment information is presented in the following table:


	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014			2013
Net Sales (less intra-, inter-segment sales)
Air Pollution Control Segment	$	32,939	$	24,069	$	59,687		$	44,589
Energy Segment		16,835		18,996		32,116			31,019
Fluid Handling Filtration Segment		16,650		1,245		32,145			2,890
Corporate and Other⁽¹⁾		217		123		(137	)		296

Net sales	$	66,641	$	44,433	$	123,811		$	78,794

(1)	Includes adjustment for revenue on intercompany jobs.


	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Income from Operations
Air Pollution Control Segment	$	4,876		$	3,839		$	8,742		$	7,150
Energy Segment		1,596			3,135			3,983			5,413
Fluid Handling Filtration Segment		3,069			259			5,740			441
Corporate and Other⁽²⁾		(2,221	)		(3,689	)		(4,956	)		(6,152	)
Eliminations		(132	)		(237	)		(829	)		(207	)

Net operating income	$	7,188		$	3,307		$	12,680		$	6,645

(2)	Includes corporate compensation, professional services, information technology, acquisition and integration expenses, and other general and administrative corporate expenses.

Property and Equipment Additions, Depreciation and Amortization and Identifiable Assets


	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Property and Equipment Additions
Air Pollution Control Segment	$	132	$	42	$	268	$	94
Energy Segment		33		141		67		142
Fluid Handling Filtration Segment		119		-		333		-
Corporate and Other		12		-		43		-

Property and equipment additions	$	296	$	183	$	711	$	236


	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Depreciation and Amortization
Air Pollution Control Segment	$	383	$	243	$	778	$	498
Energy Segment		564		615		1,219		733
Fluid Handling Filtration Segment		1,637		8		3,325		16
Corporate and Other		35		33		67		66

Depreciation and Amortization	$	2,619	$	899	$	5,389	$	1,313


	June 30, 2014		December 31, 2013
Identifiable Assets
Air Pollution Control Segment	$	73,556	$	74,556
Energy Segment		64,232		76,960
Fluid Handling Filtration Segment		178,446		185,646
Corporate and Other⁽³⁾		17,392		11,374

Identifiable Assets	$	333,626	$	348,536

⁽³⁾	Corporate assets primarily consist of cash and income tax related assets.

Goodwill


	June 30, 2014		December 31, 2013
Goodwill
Air Pollution Control Segment	$	21,952	$	21,690
Energy Segment		14,900		14,962
Fluid Handling Filtration Segment		97,149		95,568

Goodwill	$	134,001	$	132,220

Intra-Segment and Inter-Segment Revenues

The Company has multiple divisions that sell to each other within segments (intra-segment sales) and between segments (inter-segment sales) as indicated in the following tables:


	Three Months Ended June 30, 2014
						Less Inter-Segment Sales
	Total Sales		Intra- Segment Sales			APC			Energy			FHF			Corp and Other		Net Sales to Outside Customers
Net Sales
Air Pollution Control Segment	$	35,576	$	(2,461	)	$	—		$	(15	)	$	(161	)	$	—	$	32,939
Energy Segment		18,120		(1,284	)		(1	)		—			—			—		16,835
Fluid Handling Filtration Segment		17,095		(402	)		(43	)		—			—			—		16,650
Corporate and Other⁽⁴⁾		—		—			—			—			—			217		217

Net Sales	$	70,791	$	(4,147	)	$	(44	)	$	(15	)	$	(161	)	$	217	$	66,641


	Three Months Ended June 30, 2013
						Less Inter-Segment Sales
	Total Sales		Intra- Segment Sales			APC			Energy			FHF			Corp and Other		Net Sales to Outside Customers
Net Sales
Air Pollution Control Segment	$	26,635	$	(2,549	)	$	—		$	(12	)	$	(5	)	$	—	$	24,069
Energy Segment		19,667		(671	)		—			—			—			—		18,996
Fluid Handling Filtration Segment		1,266		—			(21	)		—			—			—		1,245
Corporate and Other⁽⁴⁾		—		—			—			—			—			123		123

Net Sales	$	47,568	$	(3,220	)	$	(21	)	$	(12	)	$	(5	)	$	123	$	44,433


	Six Months Ended June 30, 2014
						Less Inter-Segment Sales
	Total Sales		Intra- Segment Sales			APC			Energy			FHF			Corp and Other			Net Sales to Outside Customers
Net Sales
Air Pollution Control Segment	$	63,660	$	(3,490	)	$	—		$	(322	)	$	(161	)	$	—		$	59,687
Energy Segment		34,310		(2,193	)		(1	)		—			—			—			32,116
Fluid Handling Filtration Segment		32,935		(747	)		(43	)		—			—			—			32,145
Corporate and Other⁽⁴⁾		—		—			—			—			—			(137	)		(137	)

Net Sales	$	130,905	$	(6,430	)	$	(44	)	$	(322	)	$	(161	)	$	(137	)	$	123,811


	Six Months Ended June 30, 2013
						Less Inter-Segment Sales
	Total Sales		Intra- Segment Sales			APC			Energy			FHF			Corp and Other		Net Sales to Outside Customers
Net Sales
Air Pollution Control Segment	$	48,721	$	(3,705	)	$	—		$	(28	)	$	(399	)	$	—	$	44,589
Energy Segment		31,721		(700	)		(2	)		—			—			—		31,019
Fluid Handling Filtration Segment		2,911		—			(21	)		—			—			—		2,890
Corporate and Other⁽⁴⁾		—		—			—			—			—			296		296

Net Sales	$	83,353	$	(4,405	)	$	(23	)	$	(28	)	$	(399	)	$	296	$	78,794

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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