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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Net Sales and Income from Operation by Business Segment

The financial segment information is presented in the following tables:

		Three months ended June 30,								Six months ended June 30,
(dollars in thousands)		2020				2019				2020				2019
Net Sales (less intra-, inter-segment sales)
Energy Solutions Segment		$	49,074			$	50,572			$	99,720			$	105,760
Industrial Solutions Segment			16,664				20,083				37,020				38,936
Fluid Handling Solutions Segment			9,432				10,524				18,916				22,494
Net sales		$	75,170			$	81,179			$	155,656			$	167,190

		Three months ended June 30,								Six months ended June 30,
(dollars in thousands)		2020				2019				2020				2019
Income from Operations
Energy Solutions Segment		$	8,646			$	6,351			$	17,203			$	15,642
Industrial Solutions Segment			19				515				1,492				1,117
Fluid Handling Solutions Segment			1,817				1,481				3,440				3,839
Corporate and Other⁽¹⁾			(6,087	)			(6,329	)			(13,502	)			(13,691	)
Income from operations		$	4,395			$	2,018			$	8,633			$	6,907

⁽¹⁾	Includes corporate compensation, professional services, information technology, and other general and administrative corporate expenses.

Property and Equipment Additions, Depreciation and Amortization and Identifiable Assets

		Three months ended June 30,								Six months ended June 30,
(dollars in thousands)		2020				2019				2020				2019
Property and Equipment Additions
Energy Solutions Segment		$	101			$	111			$	298			$	161
Industrial Solutions Segment			55				102				215				163
Fluid Handling Solutions Segment			135				337				554				489
Corporate and Other			725				229				925				388
Property and equipment additions		$	1,016			$	779			$	1,992			$	1,201

		Three months ended June 30,								Six months ended June 30,
(dollars in thousands)		2020				2019				2020				2019
Depreciation and Amortization
Energy Solutions Segment		$	1,224			$	1,561			$	2,445			$	3,141
Industrial Solutions Segment			334				337				648				671
Fluid Handling Solutions Segment			649				734				1,263				1,472
Corporate and Other			245				117				292				236
Depreciation and amortization		$	2,452			$	2,749			$	4,648			$	5,520

(dollars in thousands)		June 30, 2020				December 31, 2019
Identifiable Assets
Energy Solutions Segment		$	260,184			$	254,752
Industrial Solutions Segment			74,303				64,725
Fluid Handling Solutions Segment			68,653				71,572
Corporate and Other⁽²⁾			15,252				17,588
Identifiable assets		$	418,392			$	408,637

⁽²⁾	Corporate and Other assets consist primarily of cash and income tax related assets.

(dollars in thousands)		June 30, 2020				December 31, 2019
Goodwill
Energy Solutions Segment		$	97,072			$	97,007
Industrial Solutions Segment			30,458				23,436
Fluid Handling Solutions Segment			31,577				31,577
Goodwill		$	159,107			$	152,020

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 June 30, 2020
														Less Inter-Segment Sales
(dollars in thousands)		Total Sales						Intra- Segment Sales						Industrial						Energy						Fluid				Net Sales to Outside Customers
Net Sales
Energy Solutions Segment		$	52,369					$	(2,984	)				$	(106	)				$	—					$	(205	)		$	49,074
Industrial Solutions Segment			20,809						(3,738	)					—						(407	)					—				16,664
Fluid Handling Solutions Segment			9,629						(190	)					(7	)					—						—				9,432
Net Sales		$	82,807					$	(6,912	)				$	(113	)				$	(407	)				$	(205	)		$	75,170

		Three months ended June 30, 2019
														Less Inter-Segment Sales
(dollars in thousands)		Total Sales						Intra- Segment Sales						Industrial						Energy						Fluid				Net Sales to Outside Customers
Net Sales
Energy Solutions Segment		$	51,656					$	(973	)				$	(111	)				$	—					$	—			$	50,572
Industrial Solutions Segment			22,702						(1,800	)					—						(812	)					(7	)			20,083
Fluid Handling Solutions Segment			10,950						(340	)					(86	)					—						—				10,524
Net Sales		$	85,308					$	(3,113	)				$	(197	)				$	(812	)				$	(7	)		$	81,179

		Six months ended June 30, 2020
														Less Inter-Segment Sales
(dollars in thousands)		Total Sales						Intra- Segment Sales						Industrial						Energy						Fluid				Net Sales to Outside Customers
Net Sales
Energy Solutions Segment		$	107,978					$	(7,790	)				$	(229	)				$	—					$	(239	)		$	99,720
Industrial Solutions Segment			44,950						(7,124	)					—						(791	)					(15	)			37,020
Fluid Handling Solutions Segment			19,378						(448	)					(14	)					—						—				18,916
Net Sales		$	172,306					$	(15,362	)				$	(243	)				$	(791	)				$	(254	)		$	155,656

		Six months ended June 30, 2019
														Less Inter-Segment Sales
(dollars in thousands)		Total Sales						Intra- Segment Sales						Industrial						Energy						Fluid				Net Sales to Outside Customers
Net Sales
Energy Solutions Segment		$	107,806					$	(1,864	)				$	(170	)				$	—					$	(12	)		$	105,760
Industrial Solutions Segment			44,524						(3,977	)					—						(1,558	)					(53	)			38,936
Fluid Handling Solutions Segment			23,366						(734	)					(138	)					—						—				22,494
Net Sales		$	175,696					$	(6,575	)				$	(308	)				$	(1,558	)				$	(65	)		$	167,190