Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

Net Sales and Income from Operation by Business Segment

The financial segment information is presented in the following table:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Net Sales (less intra-, inter-segment sales)
Environmental Segment	$	40,644	$	27,709	$	124,158	$	87,396
Energy Segment		40,014		17,977		91,666		50,093
Fluid Handling and Filtration Segment		17,136		17,584		50,075		49,729
Corporate and Other⁽¹⁾		436		30		277		(107	)

Net sales	$	98,230	$	63,300	$	266,176	$	187,111

⁽¹⁾	Includes adjustment for revenue on intercompany jobs.


	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Income (Loss) from Operations
Environmental Segment	$	5,225		$	3,315		$	14,383		$	12,057
Energy Segment		(1,082	)		1,850			(447	)		5,833
Fluid Handling and Filtration Segment		4,011			4,347			11,398			10,087
Corporate and Other⁽²⁾		(11,170	)		(3,944	)		(20,061	)		(8,900	)
Eliminations		822			(323	)		—			(1,152	)

Income (loss) from operations	$	(2,194	)	$	5,245		$	5,273		$	17,925

⁽²⁾	Includes corporate compensation, professional services, information technology, acquisition and integration expenses, and other general and administrative corporate expenses.

Property and Equipment Additions, Depreciation and Amortization and Identifiable Assets


	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Property and Equipment Additions
Environmental Segment	$	49	$	59	$	130	$	327
Energy Segment		66		5		245		72
Fluid Handling and Filtration Segment		65		26		133		359
Corporate and Other		5		—		18		43

Property and equipment additions	$	185	$	90	$	526	$	801


	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Depreciation and Amortization
Environmental Segment	$	1,092	$	508	$	3,349	$	1,286
Energy Segment		1,526		561		2,957		1,780
Fluid Handling and Filtration Segment		1,586		1,614		4,772		4,939
Corporate and Other		70		31		139		98

Depreciation and Amortization	$	4,274	$	2,714	$	11,217	$	8,103


	September 30, 2015		December 31, 2014
Identifiable Assets
Environmental Segment	$	136,517	$	133,899
Energy Segment		316,869		91,850
Fluid Handling and Filtration Segment		169,480		172,779
Corporate and Other⁽³⁾		23,954		15,265

Identifiable Assets	$	646,820	$	413,793

⁽³⁾	Corporate assets primarily consist of cash and income tax related assets.

Goodwill


	September 30, 2015		December 31, 2014
Goodwill
Environmental Segment	$	55,033	$	53,538
Energy Segment		79,976		16,778
Fluid Handling and Filtration Segment		97,231		97,231

Goodwill	$	232,240	$	167,547

Intra-Segment and Inter-Segment Revenues

The Company has multiple divisions that sell to each other within segments (intra-segment sales) and between segments (inter-segment sales) as indicated in the following tables:


	Three Months Ended September 30, 2015
						Less Inter-Segment Sales
	Total Sales		Intra- Segment Sales			Environmental			Energy			FHF			Corp and Other		Net Sales to Outside Customers
Net Sales
Environmental Segment	$	42,925	$	(1,928	)	$	—		$	(345	)	$	(8	)	$	—	$	40,644
Energy Segment		41,511		(1,490	)		(7	)		—			—			—		40,014
Fluid Handling and Filtration Segment		17,654		(424	)		(94	)		—			—			—		17,136
Corporate and Other⁽⁴⁾		—		—			—			—			—			436		436

Net Sales	$	102,090	$	(3,842	)	$	(101	)	$	(345	)	$	(8	)	$	436	$	98,230


	Three Months Ended September 30, 2014
						Less Inter-Segment Sales
	Total Sales		Intra- Segment Sales			Environmental			Energy			FHF			Corp and Other		Net Sales to Outside Customers
Net Sales
Environmental Segment	$	29,920	$	(1,634	)	$	—		$	(444	)	$	(133	)	$	—	$	27,709
Energy Segment		19,193		(1,200	)		(16	)		—			—			—		17,977
Fluid Handling and Filtration Segment		18,176		(564	)		(28	)		—			—			—		17,584
Corporate and Other⁽⁴⁾		—		—			—			—			—			30		30

Net Sales	$	67,289		$(3,398	)	$	(44	)	$	(444	)	$	(133	)	$	30	$	63,300


	Nine Months Ended September 30, 2015
						Less Inter-Segment Sales
	Total Sales		Intra- Segment Sales			Environmental			Energy			FHF			Corp and Other		Net Sales to Outside Customers
Net Sales
Environmental Segment	$	130,315	$	(5,211	)	$	—		$	(938	)	$	(8	)	$	—	$	124,158
Energy Segment		96,037		(3,745	)		(626	)		—			—			—		91,666
Fluid Handling and Filtration Segment		51,847		(1,575	)		(197	)		—			—			—		50,075
Corporate and Other⁽⁴⁾		—		—			—			—			—			277		277

Net Sales	$	278,199	$	(10,531	)	$	(823	)	$	(938	)	$	(8	)	$	277	$	266,176


	Nine Months Ended September 30, 2014
						Less Inter-Segment Sales
	Total Sales		Intra- Segment Sales			Environmental			Energy			FHF			Corp and Other			Net Sales to Outside Customers
Net Sales
Environmental Segment	$	93,580	$	(5,124	)	$	—		$	(766	)	$	(294	)	$	—		$	87,396
Energy Segment		53,503		(3,393	)		(17	)		—			—			—			50,093
Fluid Handling and Filtration Segment		51,111		(1,311	)		(71	)		—			—			—			49,729
Corporate and Other⁽⁴⁾		—		—			—			—			—			(107	)		(107	)

Net Sales	$	198,194	$	(9,828	)	$	(88	)	$	(766	)	$	(294	)	$	(107	)	$	187,111

⁽⁴⁾	Includes adjustment for revenue on intercompany jobs.