Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2018

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



	Quarters Ended March 31,
	2018			2017
Revenues:
Infrastructure Solutions	$	134,427		$	128,868
Corrosion Protection	98,105			123,390
Energy Services	92,329			72,917
Total revenues	$	324,861		$	325,175

Gross profit:
Infrastructure Solutions	$	26,709		$	31,251
Corrosion Protection	23,576			27,963
Energy Services	11,219			8,198
Total gross profit	$	61,504		$	67,412

Operating income (loss):
Infrastructure Solutions ⁽¹⁾	$	(349	)	$	5,610
Corrosion Protection ⁽²⁾	822			7,212
Energy Services	2,708			1,311
Total operating income	3,181			14,133
Other income (expense):
Interest expense	(5,443		)	(4,047		)
Interest income	47			49
Other	(262		)	(387		)
Total other expense	(5,658		)	(4,385		)
Income (loss) before taxes on income	$	(2,477	)	$	9,748

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⁽¹⁾	Operating loss in the first quarter of 2018 includes $3.5 million of 2017 Restructuring charges (see Note 4). Operating income in the first quarter of 2017 includes $0.5 million of costs incurred primarily related to the acquisition of Environmental Techniques.


⁽²⁾	Operating income in the first quarter of 2018 includes $1.7 million of 2017 Restructuring charges (see Note 4) and $0.4 million of costs incurred primarily related to the planned divestiture of Bayou.

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

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⁽¹⁾	Revenues are attributed to the country of origin for the Company’s legal entities. For a significant majority of its legal entities, the country of origin relates to the country or geographic area that it services.