Business Segments

12 Months Ended

Sep. 30, 2011

Business Segments [Abstract]

Business Segments

N.     Business Segments

We manage our business through operating segments, which are comprised of two reportable business segments: Electrical Power Products and Process Control Systems. Electrical Power Products includes equipment and systems for the distribution and control of electrical energy. Process Control Systems consists principally of instrumentation, computer controls, communications and data management systems to control and manage critical processes.

The table below reflects certain information relating to our operations by business segment. All revenues represent sales from unaffiliated customers. The accounting policies of the business segments are the same as those described in the summary of significant accounting policies. Corporate expenses are allocated to the operating business segments primarily based on revenues.

Detailed information regarding our business segments is shown below (in thousands):

	Year Ended September 30,
	2011		2010		2009
Revenues:
Electrical Power Products	$	533,339	$	517,069	$	630,032
Process Control Systems		29,058		33,623		35,819
Total	$	562,397	$	550,692	$	665,851
Gross profit:
Electrical Power Products	$	91,730	$	129,780	$	129,480
Process Control Systems		8,200		12,277		15,569
Total	$	99,930	$	142,057	$	145,049
Depreciation and amortization:
Electrical Power Products	$	15,188	$	13,453	$	10,778
Process Control Systems		162		177		175
Total	$	15,350	$	13,630	$	10,953
Income before income taxes:
Electrical Power Products	$	3,888	$	41,378	$	53,076
Process Control Systems		109		3,683		7,583
Total	$	3,997	$	45,061	$	60,659

Income before income taxes includes a $1.2 million gain recorded in the second quarter of fiscal 2011 resulting from cash received from the sale of our 50% equity investment in Kazakhstan. This gain was recorded in our Electrical Power Products business segment. Income before taxes for fiscal 2011 includes an impairment charge of $7.2 million, which was recorded in the fourth quarter, to reflect the impairment for the value of the intangible assets that were recorded in relation to the acquisition of Powell Canada. This loss was recorded in our Electrical Power Products business segment.

Income before income taxes for fiscal 2010 includes an impairment charge of $7.5 million to reflect the impairment for the value of goodwill that was recorded in relation to the acquisition of Powell Canada. This loss was recorded in our Electrical Power Products business segment.

The Process Control Systems business segment benefitted from revenues of $3.5 million and gross profit of $2.8 million during fiscal year 2009, resulting from a mediated settlement related to a previously completed contract that was in dispute for several years.

Geographic Information

Revenues are as follows (in thousands):

	Year Ended September 30,
	2011		2010		2009
Europe (including former Soviet Union)	$	7,107	$	25,174	$	30,582
Far East		17,172		24,998		62,155
Middle East and Africa		46,304		25,880		28,405
North, Central and South America (excluding U.S.)		112,949		81,506		28,737
United States		378,865		393,134		515,972
Total revenues	$	562,397	$	550,692	$	665,851

The United States is the only country that accounted for more than 10% of consolidated revenues in fiscal years 2011, 2010 or 2009.

	September 30,
	2011		2010
Long-lived assets:
United States	$	47,966	$	50,211
United Kingdom		6,409		6,937
Canada		5,262		6,528
Total	$	59,637	$	63,676

Long-lived assets consist of property, plant and equipment net of accumulated depreciation.