The Company’s operations are organized and reviewed by management along its product lines or end market that the segment serves and are presented in three reportable segments. The results of the segments are reviewed through the “Income from operations” line on the Consolidated Statements of Income.

The Company’s reportable segments are organized as groups of similar products and services, as described as follows:

Energy Solutions segment: Our Energy Solutions segment serves the Energy market, where we are a key part of helping meet the global demand for Clean Energy through our highly engineered and tailored emissions management, silencers and separation solutions and services. Our offerings improve air quality and solves fluid handling needs with market leading technologies, efficiently designed, and customized solutions for the power generation, oil & gas, and petrochemical industries.

Industrial Solutions segment: Our Industrial Solutions segment serves the Air Pollution Control market where our aim is to address the growing need to protect the air we breathe and help our customers’ desires for sustainability upgrades beyond carbon footprint issues. Our clean air pollution control, collection and ventilation technologies improve air quality with a compelling solution that enable our customers to reduce their carbon footprint, lower energy consumption, minimize waste and meet compliance targets for toxic emissions, fumes, volatile organic compounds, and industrial odors.

Fluid Handling Solutions segment: Our Fluid Handling Solutions segment offers unique pump and filtration solutions that maintain safe and clean operations in some of the most harsh and toxic environments. In this market, we provide solutions for mission-critical applications to a wide variety of industries including, but not limited to, plating and metal finishing, automotive, food and beverage, chemical, petrochemical, pharmaceutical, wastewater treatment, desalination and the aquarium & aquaculture markets.

	Three months ended March 31,
(dollars in thousands)	2020		2019
Net Sales (less intra-, inter-segment sales)
Energy Solutions Segment	$	50,646	$	55,188
Industrial Solutions Segment		20,356		18,853
Fluid Handling Solutions Segment		9,484		11,970
Net sales	$	80,486	$	86,011

	Three months ended March 31,
(dollars in thousands)	2020			2019
Income from Operations
Energy Solutions Segment	$	8,557		$	9,291
Industrial Solutions Segment		1,473			602
Fluid Handling Solutions Segment		1,623			2,358
Corporate and Other⁽¹⁾		(7,414	)		(7,361	)
Income from operations	$	4,239		$	4,890

	Three months ended March 31,
(dollars in thousands)	2020		2019
Property and Equipment Additions
Energy Solutions Segment	$	197	$	50
Industrial Solutions Segment		160		61
Fluid Handling Solutions Segment		419		152
Corporate and Other		200		160
Property and equipment additions	$	976	$	423

	Three months ended March 31,
(dollars in thousands)	2020		2019
Depreciation and Amortization
Energy Solutions Segment	$	1,221	$	1,580
Industrial Solutions Segment		314		334
Fluid Handling Solutions Segment		614		738
Corporate and Other		47		119
Depreciation and amortization	$	2,196	$	2,771

(dollars in thousands)	March 31, 2020		December 31, 2019
Identifiable Assets
Energy Solutions Segment	$	254,238	$	254,752
Industrial Solutions Segment		59,356		64,725
Fluid Handling Solutions Segment		71,253		71,572
Corporate and Other⁽²⁾		60,410		17,588
Identifiable assets	$	445,257	$	408,637

(dollars in thousands)	March 31, 2020		December 31, 2019
Goodwill
Energy Solutions Segment	$	96,663	$	97,007
Industrial Solutions Segment		23,436		23,436
Fluid Handling Solutions Segment		31,577		31,577
Goodwill	$	151,676	$	152,020

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, 2020
						Less Inter-Segment Sales
(dollars in thousands)	Total Sales		Intra- Segment Sales			Industrial			Energy			Fluid			Net Sales to Outside Customers
Net Sales
Energy Solutions Segment	$	53,338	$	(2,535	)	$	(123	)	$	—		$	(34	)	$	50,646
Industrial Solutions Segment		24,141		(3,386	)		—			(384	)		(15	)		20,356
Fluid Handling Solutions Segment		9,749		(258	)		(7	)		—			—			9,484
Net Sales	$	87,228	$	(6,179	)	$	(130	)	$	(384	)	$	(49	)	$	80,486

	Three months ended March 31, 2019
						Less Inter-Segment Sales
(dollars in thousands)	Total Sales		Intra- Segment Sales			Industrial			Energy			Fluid			Net Sales to Outside Customers
Net Sales
Energy Solutions Segment	$	56,150	$	(891	)	$	(59	)	$	—		$	(12	)	$	55,188
Industrial Solutions Segment		21,822		(2,177	)		—			(746	)		(46	)		18,853
Fluid Handling Solutions Segment		12,416		(394	)		(52	)		—			—			11,970
Net Sales	$	90,388	$	(3,462	)	$	(111	)	$	(746	)	$	(58	)	$	86,011