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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Net Sales and Income from Operation by Business Segment

 

 

2015

 

 

2014

 

 

2013

 

Net Sales (less intra-, inter-segment sales)

 

 

 

 

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Environmental Segment

 

$

158,371

 

 

$

127,707

 

 

$

101,150

 

Energy Segment

 

 

142,150

 

 

 

70,285

 

 

 

69,355

 

Fluid Handling and Filtration Segment

 

 

67,610

 

 

 

65,638

 

 

 

25,199

 

Corporate and Other (1)

 

 

(709

)

 

 

(413

)

 

 

1,613

 

Net sales

 

$

367,422

 

 

$

263,217

 

 

$

197,317

 

 

(1)

Includes adjustment for revenue on intercompany jobs.

 

 

 

2015

 

 

2014

 

 

2013

 

Income (Loss) from Operations

 

 

 

 

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Environmental Segment

 

$

17,021

 

 

$

16,803

 

 

$

15,422

 

Energy Segment

 

 

3,488

 

 

 

7,799

 

 

 

9,336

 

Fluid Handling and Filtration Segment

 

 

11,741

 

 

 

13,188

 

 

 

1,443

 

Corporate and Other (2)

 

 

(26,592

)

 

 

(14,297

)

 

 

(17,756

)

Eliminations

 

 

(709

)

 

 

(1,830

)

 

 

(1,473

)

Income from operations

 

$

4,949

 

 

$

21,663

 

 

$

6,972

 

 

(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

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Property and Equipment Additions

 

 

 

 

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Environmental Segment

 

$

166

 

 

$

486

 

 

$

266

 

Energy Segment

 

 

429

 

 

 

136

 

 

 

476

 

Fluid Handling and Filtration Segment

 

 

150

 

 

 

486

 

 

 

628

 

Corporate and Other

 

 

18

 

 

 

43

 

 

 

7

 

Property and equipment additions

 

$

763

 

 

$

1,151

 

 

$

1,377

 

 

 

 

2015

 

 

2014

 

 

2013

 

Depreciation and Amortization

 

 

 

 

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Environmental Segment

 

$

4,443

 

 

$

2,263

 

 

$

1,264

 

Energy Segment

 

 

5,293

 

 

 

2,329

 

 

 

2,174

 

Fluid Handling and Filtration Segment

 

 

6,331

 

 

 

6,545

 

 

 

3,048

 

Corporate and Other

 

 

453

 

 

 

131

 

 

 

161

 

Depreciation and amortization

 

$

16,520

 

 

$

11,268

 

 

$

6,647

 

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

Identifiable Assets

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

Environmental Segment

 

$

135,171

 

 

$

135,392

 

Energy Segment

 

 

283,002

 

 

 

92,845

 

Fluid Handling and Filtration Segment

 

 

161,394

 

 

 

168,605

 

Corporate and Other (3)

 

 

19,252

 

 

 

15,265

 

Identifiable assets

 

$

598,819

 

 

$

412,107

 

 

(3)

Corporate assets primarily consist of cash and income tax related assets.

Goodwill

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

(Table only in thousands)

 

 

 

 

 

 

 

 

Environmental Segment

 

$

55,031

 

 

$

55,031

 

Energy Segment

 

 

72,075

 

 

 

17,773

 

Fluid Handling and Filtration Segment

 

 

93,057

 

 

 

93,057

 

Goodwill

 

$

220,163

 

 

$

165,861

 

 

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:

 

 

 

Year Ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

Less Inter-Segment Sales

 

 

 

 

 

 

 

Total Sales

 

 

Intra - Segment

Sales

 

 

Environmental

 

 

Energy

 

 

FHF

 

 

Corp

and

Other

 

 

Net Sales to

Outside

Customers

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Environmental Segment

 

$

167,247

 

 

$

(6,744

)

 

$

 

 

$

(1,937

)

 

$

(195

)

 

$

 

 

$

158,371

 

Energy Segment

 

 

147,661

 

 

 

(4,876

)

 

 

(635

)

 

 

 

 

 

 

 

 

 

 

 

142,150

 

Fluid Handling and Filtration Segment

 

 

70,084

 

 

 

(2,277

)

 

 

(197

)

 

 

 

 

 

 

 

 

 

 

 

67,610

 

Corporate and Other (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(709

)

 

 

(709

)

Net Sales

 

$

384,992

 

 

$

(13,897

)

 

$

(832

)

 

$

(1,937

)

 

$

(195

)

 

$

(709

)

 

$

367,422

 

 

 

 

Year Ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

Less Inter-Segment Sales

 

 

 

 

 

 

 

Total Sales

 

 

Intra - Segment

Sales

 

 

Environmental

 

 

Energy

 

 

FHF

 

 

Corp

and

Other

 

 

Net Sales to

Outside

Customers

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Environmental Segment

 

$

136,544

 

 

$

(7,089

)

 

$

 

 

$

(1,403

)

 

$

(345

)

 

$

 

 

$

127,707

 

Energy Segment

 

 

76,302

 

 

 

(5,964

)

 

 

(53

)

 

 

 

 

 

 

 

 

 

 

 

70,285

 

Fluid Handling and Filtration Segment

 

 

67,558

 

 

 

(1,845

)

 

 

(75

)

 

 

 

 

 

 

 

 

 

 

 

65,638

 

Corporate and Other (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(413

)

 

 

(413

)

Net Sales

 

$

280,404

 

 

$

(14,898

)

 

$

(128

)

 

$

(1,403

)

 

$

(345

)

 

$

(413

)

 

$

263,217

 

 

 

 

Year Ended December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

Less Inter-Segment Sales

 

 

 

 

 

 

 

Total Sales

 

 

Intra - Segment

Sales

 

 

Environmental

 

 

Energy

 

 

FHF

 

 

Corp

and

Other

 

 

Net Sales to

Outside

Customers

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Environmental Segment

 

$

108,939

 

 

$

(6,552

)

 

$

 

 

$

(831

)

 

$

(406

)

 

$

 

 

$

101,150

 

Energy Segment

 

 

71,455

 

 

 

(1,921

)

 

 

(179

)

 

 

 

 

 

 

 

 

 

 

 

69,355

 

Fluid Handling and Filtration Segment

 

 

26,181

 

 

 

(721

)

 

 

(261

)

 

 

 

 

 

 

 

 

 

 

 

25,199

 

Corporate and Other (4)

 

 

1,478

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

135

 

 

 

1,613

 

Net Sales

 

$

208,053

 

 

$

(9,194

)

 

$

(440

)

 

$

(831

)

 

$

(406

)

 

$

135

 

 

$

197,317

 

 

(4)

Includes adjustment for revenue on intercompany jobs.