Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2018

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



	Years Ended December 31,
	2018			2017			2016
Revenues:
Infrastructure Solutions	$	604,121		$	612,154		$	571,551
Corrosion Protection	393,740			456,139			401,469
Energy Services	335,707			290,726			248,900
Total revenues	$	1,333,568		$	1,359,019		$	1,221,920

Gross profit:
Infrastructure Solutions	$	132,411		$	140,823		$	142,444
Corrosion Protection	92,968			108,240			83,269
Energy Services	41,547			35,749			28,214
Total gross profit	$	266,926		$	284,812		$	253,927

Operating income (loss):
Infrastructure Solutions ⁽¹⁾	$	23,683		$	(62,244	)	$	53,899
Corrosion Protection ⁽²⁾	(1,867		)	12,446			1,458
Energy Services ⁽³⁾	7,831			6,278			(4,566		)
Total operating income (loss)	29,647			(43,520		)	50,791
Other income (expense):
Interest expense	(17,327		)	(16,001		)	(15,029		)
Interest income	516			145			166
Other	(9,881		)	(2,201		)	(694		)
Total other expense	(26,692		)	(18,057		)	(15,557		)
Income (loss) before taxes on income	$	2,955		$	(61,577	)	$	35,234

Total assets:
Infrastructure Solutions	$	500,977		$	531,746		$	584,425
Corrosion Protection	279,106			329,848			424,007
Energy Services	163,109			152,416			147,171
Corporate	41,432			22,775			37,979
Assets held for sale	7,793			70,314			—
Total assets	$	992,417		$	1,107,099		$	1,193,582

Capital expenditures:
Infrastructure Solutions	$	12,730		$	16,680		$	19,834
Corrosion Protection	9,754			8,603			14,393
Energy Services	3,053			2,713			2,514
Corporate	4,977			2,834			2,019
Total capital expenditures	$	30,514		$	30,830		$	38,760

Depreciation and amortization:
Infrastructure Solutions	$	16,758		$	18,731		$	17,547
Corrosion Protection	11,874			15,598			18,792
Energy Services	7,111			6,726			7,067
Corporate	2,112			3,364			3,313
Total depreciation and amortization	$	37,855		$	44,419		$	46,719

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⁽¹⁾

Operating income for 2018 includes: (i) $16.9 million of restructuring charges (see Note 4); and (ii) $0.8 million of cost incurred related to the disposition of Denmark. Operating loss for 2017 includes: (i) $18.1 million of restructuring charges (see Note 4); (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 related to the acquisition of Environmental Techniques. Operating income for 2016 includes: (i) $2.9 million of restructuring charges (see Note 4); (ii) $2.7 million of costs incurred related to the acquisitions of Underground Solutions, Fyfe Europe, LMJ and Concrete Solutions; (iii) inventory step up expense of $3.6 million recognized as part of the accounting for business combinations; and (iv) a gain of $6.6 million in connection with the settlement of two longstanding lawsuits (see Note 12).

⁽²⁾

Operating income for 2018 includes: (i) $8.3 million of restructuring charges (see Note 4); and (ii) $6.2 million of costs incurred related to the divestiture of Bayou. Operating income for 2017 includes $5.9 million of restructuring charges (see Note 4) and (ii) $2.3 million of costs incurred related to the planned divestiture of Bayou. Operating income for 2016 includes $4.6 million of 2016 Restructuring charges (see Note 4).


⁽³⁾	Operating income for 2018 includes $0.4 million of restructuring charges (see Note 4). Operating loss for 2016 includes $8.2 million of 2016 Restructuring charges.

Schedule of Foreign Countries by Geographic Area

The following table summarizes revenues, operating income (loss) and long-lived assets by geographic region (in thousands):



	Years Ended December 31,
	2018			2017			2016
Revenues: ⁽¹⁾
United States	$	966,291		$	1,028,313		$	924,580
Canada	133,612			139,734			129,291
Europe	66,794			71,839			60,238
Other foreign	166,871			119,133			107,811
Total revenues	$	1,333,568		$	1,359,019		$	1,221,920

Gross profit:
United States	$	178,024		$	226,026		$	194,079
Canada	22,823			31,173			28,047
Europe	8,379			11,997			11,605
Other foreign	57,700			15,616			20,196
Total gross profit	$	266,926		$	284,812		$	253,927

Operating income (loss):
United States	$	174		$	(33,583	)	$	28,013
Canada	9,482			12,220			16,156
Europe	(10,599		)	(3,771		)	1,089
Other foreign	30,590			(18,386		)	5,533
Total operating income (loss)	$	29,647		$	(43,520	)	$	50,791

Long-lived assets: ⁽¹⁾⁽²⁾
United States	$	105,978		$	93,472		$	140,099
Canada	7,725			8,816			9,464
Europe	8,295			13,435			7,575
Other foreign	6,662			9,586			8,829
Total long-lived assets	$	128,660		$	125,309		$	165,967

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⁽¹⁾	Revenues and long-lived assets 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.


⁽²⁾	Long-lived assets as of December 31, 2018, 2017 and 2016 do not include intangible assets, goodwill or deferred tax assets.