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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Net Sales and Income from Operation by Business Segment

 

 

2016

 

 

2015

 

 

2014

 

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

 

 

 

 

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Energy Segment

 

$

203,376

 

 

$

142,150

 

 

$

70,285

 

Environmental Segment

 

 

153,344

 

 

 

158,371

 

 

 

127,707

 

Fluid Handling and Filtration Segment

 

 

61,783

 

 

 

67,610

 

 

 

65,638

 

Corporate and Other (1)

 

 

(1,492

)

 

 

(709

)

 

 

(413

)

Net sales

 

$

417,011

 

 

$

367,422

 

 

$

263,217

 

 

(1)

Includes adjustment for revenue on intercompany jobs.

 

 

 

2016

 

 

2015

 

 

2014

 

(Loss) income from Operations

 

 

 

 

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Energy Segment

 

$

23,575

 

 

$

3,488

 

 

$

7,799

 

Environmental Segment

 

 

15,652

 

 

 

17,021

 

 

 

16,803

 

Fluid Handling and Filtration Segment

 

 

(36,209

)

 

 

11,741

 

 

 

13,188

 

Corporate and Other (2)

 

 

(26,981

)

 

 

(26,592

)

 

 

(14,297

)

Eliminations

 

 

(1,599

)

 

 

(709

)

 

 

(1,830

)

(Loss) income from operations

 

$

(25,562

)

 

$

4,949

 

 

$

21,663

 

 

(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

 

 

 

2016

 

 

2015

 

 

2014

 

Property and Equipment Additions

 

 

 

 

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Energy Segment

 

$

569

 

 

$

429

 

 

$

136

 

Environmental Segment

 

 

404

 

 

 

166

 

 

 

486

 

Fluid Handling and Filtration Segment (3)

 

 

4,481

 

 

 

150

 

 

 

486

 

Corporate and Other

 

 

7

 

 

 

18

 

 

 

43

 

Property and equipment additions

 

$

5,461

 

 

$

763

 

 

$

1,151

 

 

(3)Includes non-cash additions of $4,385 for property, plant, and equipment acquired under capital leases for the year ended December 31, 2016.  See Note 12 for further detail.

 

 

 

2016

 

 

2015

 

 

2014

 

Depreciation and Amortization

 

 

 

 

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Energy Segment

 

$

9,555

 

 

$

5,293

 

 

$

2,329

 

Environmental Segment

 

 

3,816

 

 

 

4,443

 

 

 

2,263

 

Fluid Handling and Filtration Segment

 

 

5,406

 

 

 

6,331

 

 

 

6,545

 

Corporate and Other

 

 

126

 

 

 

453

 

 

 

131

 

Depreciation and amortization

 

$

18,903

 

 

$

16,520

 

 

$

11,268

 

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Identifiable Assets

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

Energy Segment

 

$

257,566

 

 

$

283,002

 

Environmental Segment

 

 

118,680

 

 

 

135,171

 

Fluid Handling and Filtration Segment

 

 

104,294

 

 

 

161,394

 

Corporate and Other (4)

 

 

18,094

 

 

 

19,252

 

Identifiable assets

 

$

498,634

 

 

$

598,819

 

 

(4)

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

Goodwill

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Goodwill

 

 

 

 

 

 

 

 

(Table only in thousands)

 

 

 

 

 

 

 

 

Energy Segment

 

$

75,827

 

 

$

72,075

 

Environmental Segment

 

$

48,203

 

 

$

55,031

 

Fluid Handling and Filtration Segment

 

 

46,123

 

 

 

93,057

 

Goodwill

 

$

170,153

 

 

$

220,163

 

 

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, 2016

 

 

 

 

 

 

 

 

 

 

 

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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Energy Segment

 

$

207,280

 

 

$

(3,506

)

 

$

(398

)

 

$

 

 

$

 

 

$

 

 

$

203,376

 

Environmental Segment

 

 

160,959

 

 

 

(4,256

)

 

 

 

 

 

(3,153

)

 

 

(206

)

 

 

 

 

 

153,344

 

Fluid Handling and Filtration Segment

 

 

64,327

 

 

 

(1,714

)

 

 

(317

)

 

 

(513

)

 

 

 

 

 

 

 

 

61,783

 

Corporate and Other (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,492

)

 

 

(1,492

)

Net Sales

 

$

432,566

 

 

$

(9,476

)

 

$

(715

)

 

$

(3,666

)

 

$

(206

)

 

$

(1,492

)

 

$

417,011

 

 

 

 

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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Energy Segment

 

$

147,661

 

 

$

(4,876

)

 

$

(635

)

 

$

 

 

$

 

 

$

 

 

$

142,150

 

Environmental Segment

 

 

167,247

 

 

 

(6,744

)

 

 

0

 

 

 

(1,937

)

 

 

(195

)

 

 

 

 

 

158,371

 

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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Energy Segment

 

$

76,302

 

 

$

(5,964

)

 

$

(53

)

 

$

 

 

$

 

 

$

 

 

$

70,285

 

Environmental Segment

 

 

136,544

 

 

 

(7,089

)

 

 

0

 

 

 

(1,403

)

 

 

(345

)

 

 

 

 

 

127,707

 

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

 

 

(4)

Includes adjustment for revenue on intercompany jobs.