Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

Net Sales and Income from Operation by Business Segment

The financial segment information is presented in the following table:


	Three Months Ended March 31,
	2015			2014
Net Sales (less intra-, inter-segment sales)
Air Pollution Control Segment	$	41,716		$	26,748
Energy Segment		24,349			15,281
Fluid Handling and Filtration Segment		15,194			15,495
Corporate and Other⁽¹⁾		(274	)		(354	)

Net sales	$	80,985		$	57,170

(1)	Includes adjustment for revenue on intercompany jobs.


	Three Months Ended March 31,
	2015			2014
Income from Operations
Air Pollution Control Segment	$	4,018		$	3,866
Energy Segment		420			2,387
Fluid Handling and Filtration Segment		2,956			2,671
Corporate and Other⁽²⁾		(3,817	)		(2,735	)
Eliminations		(598	)		(697	)

Income from operations	$	2,979		$	5,492

(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 March 31,
	2015		2014
Property and Equipment Additions
Air Pollution Control Segment	$	64	$	136
Energy Segment		40		34
Fluid Handling and Filtration Segment		5		214
Corporate and Other		10		31

Property and equipment additions	$	119	$	415


	Three Months Ended March 31,
	2015		2014
Depreciation and Amortization
Air Pollution Control Segment	$	1,153	$	395
Energy Segment		671		655
Fluid Handling and Filtration Segment		1,596		1,688
Corporate and Other		32		32

Depreciation and Amortization	$	3,452	$	2,770


	March 31, 2015		December 31, 2014
Identifiable Assets
Air Pollution Control Segment	$	133,504	$	133,899
Energy Segment		94,152		91,850
Fluid Handling and Filtration Segment		172,692		172,779
Corporate and Other⁽³⁾		17,080		15,837

Identifiable Assets	$	417,428	$	414,365

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

Goodwill


	March 31, 2015		December 31, 2014
Goodwill
Air Pollution Control Segment	$	55,033	$	53,538
Energy Segment		15,862		16,778
Fluid Handling and Filtration Segment		97,231		97,231

Goodwill	$	168,126	$	167,547

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 March 31, 2015
						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	$	43,557	$	(1,807	)	$	—		$	(34	)	$	—	$	—		$	41,716
Energy Segment		25,081		(695	)		(37	)		—			—		—			24,349
Fluid Handling and Filtration Segment		15,734		(452	)		(88	)		—			—		—			15,194
Corporate and Other⁽⁴⁾		—		—			—			—			—		(274	)		(274	)

Net Sales	$	84,372	$	(2,954	)	$	(125	)	$	(34	)	$	—	$	(274	)	$	80,985


	Three Months Ended March 31, 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	$	28,084	$	(1,029	)	$	—	$	(307	)	$	—	$	—		$	26,748
Energy Segment		16,190		(909	)		—		—			—		—			15,281
Fluid Handling and Filtration Segment		15,840		(345	)		—		—			—		—			15,495
Corporate and Other⁽⁴⁾		—		—			—		—			—		(354	)		(354	)

Net Sales	$	60,114	$	(2,283	)	$	—	$	(307	)	$	—	$	(354	)	$	57,170

⁽⁴⁾	Includes adjustment for revenue on intercompany jobs.

- 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.

+ References+ Details