Segment Data (Tables)

6 Months Ended

Jun. 30, 2012

Segment Data [Abstract]

Summary of key segment information

The Company operates with in business segments - Oil Field and Power Transmission. The two operating segments are supported by a common corporate group. Corporate expenses and certain assets are allocated to the operating segments based primarily upon third-party revenues. Inter-segment sales and transfers are accounted for as if the sales and transfers were to third parties, that is, at current market prices, as available. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in the notes to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2011. The following is a summary of key segment information (in thousands of dollars):

Three Months Ended June 30, 2012
				Power			Corporate
	Oil Field			Transmission			& Other			Total
Gross sales	$	254,312		$	54,241		$	-		$	308,553
Inter-segment sales		(1,008	)		(1,901	)		-			(2,909	)
Net sales	$	253,304		$	52,340		$	-		$	305,644
Operating income	$	31,731		$	2,124		$	-		$	33,855
Other (expense) income, net		(3,148	)		53			(309	)		(3,404	)
Earnings (loss) before income tax provision	$	28,583		$	2,177		$	(309	)	$	30,451

Three Months Ended June 30, 2011
				Power			Corporate
	Oil Field			Transmission			& Other			Total
Gross sales	$	180,736		$	51,051		$	-		$	231,787
Inter-segment sales		(1,814	)		(3,213	)		-			(5,027	)
Net sales	$	178,922		$	47,838		$	-		$	226,760
Operating income	$	24,931		$	4,086		$	-		$	29,017
Other (expense) income, net		(177	)		33			(44	)		(188	)
Earnings (loss) before income tax provision	$	24,754		$	4,119		$	(44	)	$	28,829
Six Months Ended June 30, 2012
				Power			Corporate
	Oil Field			Transmission			& Other			Total
Gross sales	$	494,600		$	102,177		$	-		$	596,777
Inter-segment sales		(5,290	)		(6,307	)		-			(11,597	)
Net sales	$	489,310		$	95,870		$	-		$	585,180
Operating income	$	54,204		$	3,645		$	-		$	57,849
Other (expense) income, net		(6,325	)		38			(885	)		(7,172	)
Earnings (loss) before income tax provision	$	47,879		$	3,683		$	(885	)	$	50,677
Six Months Ended June 30, 2011
				Power			Corporate
	Oil Field			Transmission			& Other			Total
Gross sales	$	335,919		$	93,669		$	-		$	429,588
Inter-segment sales		(3,275	)		(5,157	)		-			(8,432	)
Net sales	$	332,644		$	88,512		$	-		$	421,156
Operating income	$	42,125		$	6,345		$	-		$	48,470
Other (expense) income, net		(137	)		22			(150	)		(265	)
Earnings (loss) before income tax provision	$	41,988		$	6,367		$	(150	)	$	48,205