Business Segments

6 Months Ended

Jun. 30, 2020

17. Business Segments

Presented below are the net sales and income (loss) from continuing operations before income taxes for the Corporation’s two business segments. For the three and six months ended June 30, 2019, the operating loss of the FCEP segment includes bad debt expense of $1,366 for a cast roll customer who filed for bankruptcy during the second quarter of 2019. For the six months ended June 30, 2019, the operating loss of the FCEP segment includes an impairment charge of $10,082 associated with the anticipated sale of the Avonmore Plant. For the three and six months ended June 30, 2019, other expense, including corporate costs, includes a dividend received from one of the Corporation’s cast roll Chinese joint ventures of approximately $1,400.

	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Net sales:
Forged and Cast Engineered Products	$	50,460		$	78,557		$	119,224		$	163,847
Air and Liquid Processing		24,318			23,962			46,617			46,166
Total Reportable Segments	$	74,778		$	102,519		$	165,841		$	210,013
Income (loss) from continuing operations before income taxes:
Forged and Cast Engineered Products	$	(423	)	$	(170	)	$	4,133		$	(10,203	)
Air and Liquid Processing		2,846			2,948			5,430			5,091
Total Reportable Segments		2,423			2,778			9,563			(5,112	)
Other expense, including corporate costs		(1,058	)		(2,355	)		(6,379	)		(6,373	)
Total	$	1,365		$	423		$	3,184		$	(11,485	)