Note 8 - Segment Reporting

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

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 such, the Company is organized into three reportable segments: Energy and Mining; Water and Wastewater; and Commercial and Structural. Each reportable segment has a senior operating vice president who reports to the chief operating decision maker (“CODM”). The operating results and financial information reported by each segment are evaluated separately, regularly reviewed and used by the CODM to evaluate segment performance, allocate overall resources and determine management incentive compensation.

During the first quarter of 2014, the Company reorganized its North American Water and Wastewater and International Water and Wastewater reportable segments into a single, reportable segment titled Water and Wastewater. As a result of this reorganization, the entire Water and Wastewater segment reports to the Senior Vice President - Water and Wastewater, who in turn reports to the CODM. All future filings will combine these two previously reported segments into a single Waste and Wastewater segment.

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):

	Quarters Ended March 31,
	2014			2013
Revenues:
Energy and Mining	$	183,910		$	108,690
Water and Wastewater	106,133			103,796
Commercial and Structural	16,191			13,490
Total revenues	$	306,234		$	225,976
Gross profit:
Energy and Mining	$	35,509		$	24,266
Water and Wastewater	20,102			19,161
Commercial and Structural	5,452			4,710
Total gross profit	$	61,063		$	48,137
Operating income (loss):
Energy and Mining	$	7,676		$	5,451
Water and Wastewater	3,019			2,562
Commercial and Structural	(1,561		)	(1,195		)
Total operating income	$	9,134		$	6,818

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

	Quarters Ended March 31,
	2014		2013
Revenues:
United States	$	210,630	$	138,747
Canada	41,864		39,394
Europe	22,616		22,651
Other foreign	31,124		25,184
Total revenues	$	306,234	$	225,976
Gross profit:
United States	$	41,393	$	29,112
Canada	9,062		9,303
Europe	4,758		5,003
Other foreign	5,850		4,719
Total gross profit	$	61,063	$	48,137
Operating income (loss):
United States	$	2,396	$	(106	)
Canada	5,423		5,748
Europe	527		868
Other foreign	788		308
Total operating income	$	9,134	$	6,818