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SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2013
SEGMENT REPORTING  
Schedule of financial information by reportable segment

 

 

For the Three Months Ended March 31, 2013:

 

Towers and
Weldments

 

Gearing

 

Services

 

Corporate

 

Eliminations

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

30,026

 

$

8,169

 

$

7,469

 

$

 

$

 

$

45,664

 

Intersegment revenues (1)

 

3

 

2,551

 

15

 

 

(2,569

)

 

Operating profit (loss)

 

2,002

 

(2,860

)

(702

)

(2,938

)

2

 

(4,496

)

Depreciation and amortization

 

951

 

2,710

 

313

 

12

 

 

3,986

 

Capital expenditures

 

242

 

643

 

213

 

277

 

 

1,375

 

 

For the Three Months Ended March 31, 2012:

 

Towers and
Weldments

 

Gearing

 

Services

 

Corporate

 

Eliminations

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

35,169

 

$

15,832

 

$

3,442

 

$

 

$

 

$

54,443

 

Intersegment revenues (1)

 

 

200

 

 

 

(200

)

 

Operating profit (loss)

 

1,005

 

(1,121

)

(1,623

)

(2,216

)

14

 

(3,941

)

Depreciation and amortization

 

876

 

2,672

 

385

 

17

 

 

3,950

 

Capital expenditures

 

31

 

365

 

242

 

77

 

 

715

 

 

 

 

Total Assets as of

 

 

 

March 31,

 

December 31,

 

 

 

2013

 

2012

 

Segments:

 

 

 

 

 

Towers and Weldments

 

$

58,737

 

$

50,801

 

Gearing

 

72,094

 

71,371

 

Services

 

18,410

 

13,976

 

Assets held for sale

 

8,039

 

8,042

 

Corporate

 

312,949

 

308,336

 

Eliminations

 

(315,052

)

(309,616

)

 

 

$

155,177

 

$

142,910

 

 

(1)         Intersegment revenues generally include a 10% markup over costs and primarily consist of sales from Gearing to Services. Sales from Gearing to Services totaled $2,551 and $200 for the three months ended March 31, 2013 and 2012, respectively.