Note 12 - Segment and Geographic Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

SEGMENT AND GEOGRAPHIC INFORMATION

The Company operates in three distinct markets: energy and mining; water and wastewater; and commercial and structural services. Management organizes the Company around differences in products and services, as well as by geographic areas. Within the water and wastewater market, the Company operates in two distinct geographies: North America and internationally outside of North America. As such, the Company is organized into four reportable segments: Energy and Mining; North American Water and Wastewater; International Water and Wastewater; and Commercial and Structural. Each segment is regularly reviewed and evaluated separately.

During the first quarter of 2013, the Company re-organized its Water and Wastewater businesses to bring all of its operations under one central leadership team. The Company hired a Senior Vice President - Global Water and Wastewater and a Vice President of International Water and Wastewater. The Vice President of International Water and Wastewater is responsible for the European Water and Wastewater operations as well as the Asia-Pacific Water and Wastewater operations and reports directly to the Senior Vice President - Global Water and Wastewater. In connection with this management re-organization, the Company combined its European Water and Wastewater and Asia-Pacific Water and Wastewater reportable segments into one reportable segment titled International Water and Wastewater.

During the third quarter of 2013, the Company acquired Brinderson. Brinderson is a leading integrated service provider of maintenance, construction, engineering and turnaround activities for the upstream and downstream oil and gas markets. For reportable segment purposes, management reports Brinderson in the Company’s Energy and Mining segment.

The year ended December 31, 2013 results include $5.8 million for costs incurred related to the Company’s acquisition of Brinderson and other acquisition targets. The year ended December 31, 2012 results include $3.1 million for costs incurred related to the acquisitions of Fyfe LA and Fyfe Asia and other acquisition targets. The year ended December 31, 2011 results include $6.4 million for costs incurred related to the acquisitions of CRTS, Hockway and Fyfe NA. The Company recorded these costs under “Acquisition-related expenses” on its consolidated statements of operations. Additionally, the year ended December 31, 2011 results include $2.2 million for restructuring charges. The Company recorded these charges under “Restructuring charges” on its consolidated statements of operations.

The following disaggregated financial results have been prepared using a management approach that is consistent with the basis and manner with which management internally disaggregates financial information for the purpose of making internal operating decisions. Financial results for discontinued operations have been removed for all periods presented. The Company evaluates performance based on stand-alone operating income (loss).

Financial information by segment was as follows (in thousands):

	2013			2012			2011
Revenues:
Energy and Mining	$	562,119		$	513,975		$	420,411
North American Water and Wastewater	359,536			317,338			357,507
International Water and Wastewater	109,602			111,035			130,734
Commercial and Structural	60,163			74,483			17,114
Total revenues	$	1,091,420		$	1,016,831		$	925,766
Operating income (loss):
Energy and Mining	$	38,395		$	59,994		$	36,181
North American Water and Wastewater	33,029			22,057			6,749
International Water and Wastewater	208			(9,384		)	3,488
Commercial and Structural	(4,750		)	9,136			(711		)
Total operating income	$	66,882		$	81,803		$	45,707
Total assets:
Energy and Mining	$	723,468		$	569,109		$	465,792
North American Water and Wastewater	263,173			268,097			281,353
International Water and Wastewater	112,546			120,466			139,723
Commercial and Structural	139,058			142,561			128,358
Corporate	116,317			101,851			96,336
Discontinued Operations	8,356			15,810			13,402
Total assets	$	1,362,918		$	1,217,894		$	1,124,964
Capital expenditures:
Energy and Mining	$	15,367		$	34,796		$	11,092
North American Water and Wastewater	4,858			3,023			3,378
International Water and Wastewater	3,500			4,382			3,706
Commercial and Structural	470			443			43
Corporate	1,890			2,094			3,052
Total capital expenditures	$	26,085		$	44,738		$	21,271
Depreciation and amortization:
Energy and Mining	$	21,954		$	18,175		$	16,106
North American Water and Wastewater	8,398			8,886			9,405
International Water and Wastewater	4,304			4,405			4,735
Commercial and Structural	3,850			4,509			1,183
Corporate	1,823			1,683			4,103
Total depreciation and amortization	$	40,329		$	37,658		$	35,532

The following table summarizes revenues, gross profit and operating income (loss) by geographic region (in thousands):

	2013		2012		2011
Revenues:
United States	$	672,192	$	589,027	$	539,378
Canada	179,236		180,283		178,739
Europe	90,646		86,883		102,471
Other foreign	149,346		160,638		105,178
Total revenues	$	1,091,420	$	1,016,831	$	925,766
Operating income (loss):
United States	$	24,977	$	40,676	$	(1,042	)
Canada	28,955		31,376		31,892
Europe	6,276		6,196		9,391
Other foreign	6,674		3,555		5,466
Total operating income	$	66,882	$	81,803	$	45,707
Long-lived assets: (1)
United States	$	154,367	$	151,337	$	144,151
Canada	28,539		28,724		22,998
Europe	10,007		16,396		12,474
Other foreign	12,806		14,040		12,693
Total long-lived assets	$	205,719	$	210,497	$	192,316

__________________________

⁽¹⁾ Long-lived assets as of December 31, 2013, 2012 and 2011 do not include intangible assets, goodwill or deferred tax assets.