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Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Net Sales and Income from Operation by Business Segment

The financial segment information is presented in the following tables:

		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

⁽¹⁾	Includes corporate compensation, professional services, information technology, and other general and administrative corporate expenses.

Property and Equipment Additions, Depreciation and Amortization and Identifiable Assets

		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

⁽²⁾	Corporate and Other assets consist primarily of cash and income tax related assets.

(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

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, 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