Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2018

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



	Quarters Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Revenues:
Infrastructure Solutions	$	155,681		$	174,161		$	450,840		$	451,340
Corrosion Protection	105,624			102,276			300,118			353,381
Energy Services	78,374			65,435			248,612			216,799
Total revenues	$	339,679		$	341,872		$	999,570		$	1,021,520

Gross profit:
Infrastructure Solutions	$	38,135		$	41,189		$	100,793		$	106,803
Corrosion Protection	26,411			23,063			74,524			86,663
Energy Services	8,127			9,190			29,913			27,156
Total gross profit	$	72,673		$	73,442		$	205,230		$	220,622

Operating income (loss):
Infrastructure Solutions ⁽¹⁾	$	10,398		$	(74,025	)	$	19,563		$	(60,224	)
Corrosion Protection ⁽²⁾	2,463			(2,703		)	6,184			15,803
Energy Services	148			1,457			4,902			4,857
Total operating income (loss)	13,009			(75,271		)	30,649			(39,564		)
Other income (expense):
Interest expense	(3,870		)	(3,962		)	(13,236		)	(12,014		)
Interest income	130			33			239			117
Other ⁽³⁾	(9,281		)	(798		)	(10,049		)	(1,593		)
Total other expense	(13,021		)	(4,727		)	(23,046		)	(13,490		)
Income (loss) before taxes on income	$	(12	)	$	(79,998	)	$	7,603		$	(53,054	)

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⁽¹⁾

Operating income in the third quarter of 2018 includes $6.0 million of 2017 Restructuring charges (see Note 4) and $0.2 million of costs primarily related to the planned divestitures of Australia and Denmark. Operating loss in the third quarter of 2017 includes: (i) $4.5 million of 2017 Restructuring charges (see Note 3); (ii) $45.4 million of goodwill impairment charges (see Note 2); (iii) $41.0 million of definite-lived intangible asset impairment charges (see Note 2); and (iv) $0.1 million of costs incurred primarily related to the acquisition of Environmental Techniques.

Operating income in the first nine months of 2018 includes $12.1 million of 2017 Restructuring charges (see Note 4) and $0.5 million of costs primarily related to the planned divestitures of Australia and Denmark. Operating loss in the nine months ended September 30, 2017 includes: (i) $4.7 million of 2017 Restructuring charges (see Note 3); (ii) $45.4 million of goodwill impairment charges (see Note 2); (iii) $41.0 million of definite-lived intangible asset impairment charges (see Note 2); and (iv) $0.7 million of costs incurred primarily related to the acquisition of Environmental Techniques.


⁽²⁾	Operating income in the third quarter of 2018 includes $1.2 million of 2017 Restructuring charges (see Note 4) and $4.6 million of costs incurred primarily related to the divestiture of Bayou. Operating loss in the third quarter of 2017 includes $2.2 million of 2017 Restructuring charges (see Note 3) and $1.9 million of costs incurred primarily related to the planned divestiture of Bayou.

Operating income in the first nine months of 2018 includes $3.2 million of 2017 Restructuring charges (see Note 4) and $5.5 million of costs incurred primarily related to the acquisition of Hebna and the 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 September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Revenues ⁽¹⁾:
United States	$	262,298		$	250,815		$	779,206		$	787,046
Canada	35,920			41,939			95,185			98,053
Europe	16,281			17,367			48,135			51,656
Other foreign	25,180			31,751			77,044			84,765
Total revenues	$	339,679		$	341,872		$	999,570		$	1,021,520

Gross profit:
United States	$	57,043		$	56,295		$	165,203		$	179,029
Canada	7,265			9,099			17,494			19,703
Europe	2,931			2,989			5,467			9,414
Other foreign	5,434			5,059			17,066			12,476
Total gross profit	$	72,673		$	73,442		$	205,230		$	220,622

Operating income (loss):
United States	$	12,604		$	(57,799	)	$	32,983		$	(25,752	)
Canada	4,055			1,148			7,170			5,086
Europe	(4,423		)	(2,860		)	(10,473		)	(2,672		)
Other foreign	773			(15,760		)	969			(16,226		)
Total operating income (loss)	$	13,009		$	(75,271	)	$	30,649		$	(39,564	)

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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.