Segment Information

9 Months Ended

Sep. 30, 2013

Segment Information

Segment Information

6. Segment Information

The Company’s management has identified three segments based on the product line and associated services. Those segments include Activated Carbon and Service, Equipment, and Consumer. The Company’s chief operating decision maker, its chief executive officer, receives and reviews financial information in this format. The Activated Carbon and Service segment manufactures granular activated carbon for use in applications to remove organic compounds from liquids, gases, water, and air. This segment also consists of services related to activated carbon including reactivation of spent carbon and the leasing, monitoring, and maintenance of carbon fills at customer sites. The service portion of this segment also includes services related to the Company’s ion exchange technologies for treatment of groundwater and process streams. The Equipment segment provides solutions to customers’ air and water process problems through the design, fabrication, and operation of systems that utilize the Company’s enabling technologies:  ballast water, ultraviolet light, advanced ion exchange separation, and carbon adsorption.  The Consumer segment supplies activated carbon for use in military, industrial, and medical applications.  The following segment information represents the results of operations:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
Net sales
Activated Carbon and Service	$	123,027		$	114,971		$	365,933		$	358,561
Equipment	13,419			18,212			41,629			54,217
Consumer	2,929			2,284			7,285			7,700
	$	139,375		$	135,467		$	414,847		$	420,478
Income (loss) from operations before depreciation, amortization, and restructuring
Activated Carbon and Service	$	24,951		$	9,900		$	73,556		$	47,729
Equipment	(628		)	726			(859		)	3,257
Consumer	809			482			1,656			1,832
	25,132			11,108			74,353			52,818
Depreciation and amortization
Activated Carbon and Service	6,468			5,983			18,729			17,406
Equipment	725			619			2,191			1,832
Consumer	154			154			479			473
	7,347			6,756			21,399			19,711
Income from operations before restructuring	17,785			4,352			52,954			33,107
Reconciling items:
Restructuring (Note 1)	87			(7,958		)	129			(7,958		)
Interest income	3			3			139			32
Interest expense	(122		)	(4		)	(428		)	(23		)
Other expense — net	(395		)	(1,042		)	(1,564		)	(1,806		)
Income (loss) before income tax provision (benefit)	$	17,358		$	(4,649	)	$	51,230		$	23,352

	September 30, 2013		December 31, 2012
Total Assets
Activated Carbon and Service	$	523,557	$	510,550
Equipment	56,787		60,191
Consumer	7,722		7,028
Consolidated total assets	$	588,066	$	577,769