Business Segments

9 Months Ended

Jun. 30, 2012

Business Segments [Abstract]

BUSINESS SEGMENTS

K. 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 reportable 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. The corporate assets are mainly cash, cash equivalents and marketable securities.

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

	Three Months Ended June 30,					Nine Months Ended June 30,
	2012			2011		2012		2011
Revenues:
Electrical Power Products	$	186,272		$	134,425	$	510,910	$	370,143
Process Control Systems		7,821			6,944		22,125		21,010
Total	$	194,093		$	141,369	$	533,035	$	391,153
Gross profit:
Electrical Power Products	$	41,677		$	19,788	$	93,203	$	67,236
Process Control Systems		2,166			2,076		5,255		5,369
Total	$	43,843		$	21,864	$	98,458	$	72,605
Income before income taxes:
Electrical Power Products	$	18,422		$	1,055	$	30,066	$	8,567
Process Control Systems		(143	)		140		54		(390	)
Total	$	18,279		$	1,195	$	30,120	$	8,177
Depreciation and amortization expense:
Electrical Power Products	$	3,365		$	3,951	$	9,779	$	11,325
Process Control Systems		22			39		35		123
Total	$	3,387		$	3,990	$	9,814	$	11,448

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 is recorded in our Electrical Power Products business segment.