Note 9 - Segment Reporting

3 Months Ended

Mar. 31, 2013

Segment Reporting Disclosure [Text Block]

9.     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 well as by geographic areas. Within the water and wastewater market, the Company operates in two distinct geographies: North America and internationally outside of North America. As such, the Company is organized into four reportable segments: Energy and Mining; North American Water and Wastewater; International Water and Wastewater; and Commercial and Structural. Each segment is regularly reviewed and evaluated separately.

Prior to the first quarter of 2013, the Company previously considered European Water and Wastewater and Asia Pacific Water and Wastewater to be separate reportable segments. Based on an internal management reorganization, the Company has combined the previously reported European Water and Wastewater and Asia Pacific Water and Wastewater for all periods presented into International Water and Wastewater.

The quarter ended March 31, 2012 results include $0.6 million for costs incurred related to the acquisitions of Fyfe LA and Fyfe Asia. The Company recorded these costs under “Acquisition-related expenses” on its consolidated statements of operations.

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. The Company evaluates performance based on stand-alone operating income (loss).

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

	Quarters Ended March 31,
	2013			2012
Revenues:
Energy and Mining	$	114,366		$	115,038
North American Water and Wastewater		77,641			74,338
International Water and Wastewater		26,155			26,671
Commercial and Structural		13,490			14,547
Total revenues	$	231,652		$	230,594
Gross profit:
Energy and Mining	$	23,188		$	26,899
North American Water and Wastewater		14,450			14,571
International Water and Wastewater		4,711			3,606
Commercial and Structural		4,710			7,608
Total gross profit	$	47,059		$	52,684
Operating income (loss):
Energy and Mining	$	3,914		$	7,440
North American Water and Wastewater		3,725			4,190
International Water and Wastewater		(1,163	)		(2,078	)
Commercial and Structural		(1,195	)		1,347
Total operating income:	$	5,281		$	10,899

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

	Quarters Ended March 31,
	2013			2012
Revenues:
United States	$	144,423		$	144,322
Canada		39,394			44,390
Europe		22,651			19,943
Other foreign		25,184			21,939
Total revenues	$	231,652		$	230,594
Gross Profit:
United States	$	28,034		$	35,967
Canada		9,303			11,299
Europe		5,003			4,443
Other foreign		4,719			975
Total revenues	$	47,059		$	52,684
Operating income (loss)
United States	$	(1,643	)	$	5,641
Canada		5,748			6,636
Europe		868			352
Other foreign		308			(1,730	)
Total operating income	$	5,281		$	10,899