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SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2012
SEGMENT REPORTING  
Schedule of financial information by reportable segment

 

 

For the Three Months Ended June 30, 2012:

 

Towers and
Weldments

 

Gearing

 

Services

 

Corporate

 

Eliminations

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

36,995

 

$

13,646

 

$

5,670

 

$

—

 

$

—

 

$

56,311

 

Intersegment revenues (1)

 

—

 

417

 

25

 

—

 

(442

)

—

 

Operating profit (loss)

 

561

 

(1,632

)

(1,139

)

(1,960

)

11

 

(4,159

)

Depreciation and amortization

 

904

 

2,550

 

439

 

17

 

—

 

3,910

 

Capital expenditures

 

382

 

399

 

658

 

11

 

—

 

1,450

 

 

For the Three Months Ended June 30, 2011:

 

Towers and
Weldments

 

Gearing

 

Services

 

Corporate

 

Eliminations

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

24,495

 

$

12,506

 

$

2,331

 

$

—

 

$

—

 

$

39,332

 

Intersegment revenues (1)

 

—

 

3

 

36

 

—

 

(39

)

—

 

Operating profit (loss)

 

2,773

 

(2,847

)

(2,094

)

(2,143

)

—

 

(4,311

)

Depreciation and amortization

 

887

 

2,506

 

326

 

43

 

—

 

3,762

 

Capital expenditures

 

84

 

(560

)

926

 

20

 

—

 

470

 

 

For the Six Months Ended June 30, 2012:

 

Towers and
Weldments

 

Gearing

 

Services

 

Corporate

 

Eliminations

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

72,164

 

$

29,479

 

$

9,111

 

$

—

 

$

—

 

$

110,754

 

Intersegment revenues (1)

 

—

 

617

 

26

 

—

 

(643

)

—

 

Operating profit (loss)

 

1,566

 

(2,753

)

(2,763

)

(4,175

)

25

 

(8,100

)

Depreciation and amortization

 

1,780

 

5,222

 

824

 

34

 

—

 

7,860

 

Capital expenditures

 

413

 

764

 

900

 

88

 

—

 

2,165

 

 

For the Six Months Ended June 30, 2011:

 

Towers and
Weldments

 

Gearing

 

Services

 

Corporate

 

Eliminations

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

52,666

 

$

26,037

 

$

4,159

 

$

—

 

$

—

 

$

82,862

 

Intersegment revenues (1)

 

—

 

25

 

36

 

—

 

(61

)

—

 

Operating profit (loss)

 

5,194

 

(5,242

)

(3,448

)

(4,788

)

—

 

(8,284

)

Depreciation and amortization

 

1,766

 

5,028

 

382

 

87

 

—

 

7,263

 

Capital expenditures

 

189

 

(298

)

2,921

 

38

 

—

 

2,850

 

 

 

 

Total Assets as of

 

 

 

June 30,

 

December 31,

 

Segments:

 

2012

 

2011

 

 

 

 

 

 

 

Towers and Weldments

 

$

77,344

 

$

68,185

 

Gearing

 

80,212

 

80,642

 

Services

 

15,822

 

15,752

 

Assets held for sale

 

8,047

 

8,052

 

Corporate

 

312,468

 

317,413

 

Eliminations

 

(319,325

)

(317,153

)

 

 

$

174,568

 

$

172,891

 

 

 

(1)          Intersegment revenues generally include a 10% markup over costs and primarily consist of sales from Gearing to Services. Gearing sales to Services totaled $617 and $25 for the six months ended June 30, 2012 and 2011, respectively.