Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2018

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



	Quarters Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Revenues:
Infrastructure Solutions	$	160,732		$	148,311		$	295,159		$	277,179
Corrosion Protection	96,389			127,715			194,494			251,105
Energy Services	77,909			78,447			170,238			151,364
Total revenues	$	335,030		$	354,473		$	659,891		$	679,648

Gross profit:
Infrastructure Solutions	$	35,949		$	34,364		$	62,658		$	65,615
Corrosion Protection	24,537			35,636			48,113			63,599
Energy Services	10,567			9,768			21,786			17,966
Total gross profit	$	71,053		$	79,768		$	132,557		$	147,180

Operating income (loss):
Infrastructure Solutions ⁽¹⁾	$	9,514		$	8,391		$	9,165		$	14,001
Corrosion Protection ⁽²⁾	2,899			11,239			3,721			18,451
Energy Services	2,046			2,029			4,754			3,340
Total operating income	14,459			21,659			17,640			35,792
Other income (expense):
Interest expense	(3,923		)	(4,005		)	(9,366		)	(8,052		)
Interest income	62			35			109			84
Other	(506		)	(408		)	(768		)	(795		)
Total other expense	(4,367		)	(4,378		)	(10,025		)	(8,763		)
Income before taxes on income	$	10,092		$	17,281		$	7,615		$	27,029

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⁽¹⁾

Operating income in the second quarter of 2018 includes $2.6 million of 2017 Restructuring charges (see Note 4) and $0.3 million of costs primarily related to the planned divestiture of Australia. Operating income in the first six months of 2018 includes $6.1 million of 2017 Restructuring charges (see Note 4) and $0.3 million of costs primarily related to the planned divestiture of Australia. Operating income in the first six months of 2017 includes $0.5 million of costs incurred primarily related to the acquisition of Environmental Techniques.

⁽²⁾

Operating income in the second quarter of 2018 includes $0.4 million of 2017 Restructuring charges (see Note 4) and $0.5 million of costs incurred primarily related to the acquisition of Hebna and the planned divestiture of Bayou. Operating income in the first six months of 2018 includes $2.1 million of 2017 Restructuring charges (see Note 4) and $0.9 million of costs incurred primarily related to the acquisition of Hebna and the planned divestiture of Bayou.

Summary of revenues, gross profit, and operating income by geographic region

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



	Quarters Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Revenues ⁽¹⁾:
United States	$	266,875		$	278,507		$	516,908		$	536,231
Canada	30,426			29,287			59,265			56,114
Europe	15,846			18,144			31,855			34,289
Other foreign	21,883			28,535			51,863			53,014
Total revenues	$	335,030		$	354,473		$	659,891		$	679,648

Gross profit:
United States	$	58,599		$	66,703		$	108,162		$	122,734
Canada	5,454			6,090			10,229			10,604
Europe	1,401			3,266			2,535			6,425
Other foreign	5,599			3,709			11,631			7,417
Total gross profit	$	71,053		$	79,768		$	132,557		$	147,180

Operating income (loss):
United States	$	15,467		$	19,614		$	20,379		$	32,131
Canada	1,962			2,478			3,115			3,938
Europe	(3,605		)	(220		)	(6,050		)	188
Other foreign	635			(213		)	196			(465		)
Total operating income	$	14,459		$	21,659		$	17,640		$	35,792

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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.