Segment Information

12 Months Ended

Dec. 31, 2013

Segment Information

Segment Information

19. 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. Intersegment net sales are not material. The following segment information represents the results of operations:

	Year Ended December 31
(Dollars in thousands)	2013		2012		2011
Net sales
Activated Carbon and Service	$	482,278	$	485,755	$	486,468
Equipment	54,935		66,050		46,274
Consumer	10,726		10,450		8,730
Consolidated net sales	$	547,939	$	562,255	$	541,472

	Year Ended December 31
(Dollars in thousands)	2013			2012			2011
Income (loss) from operations before amortization and restructuring charges
Activated Carbon and Service	$	71,530		$	49,328		$	65,030
Equipment	(2,620		)	702			(3,504		)
Consumer	1,990			2,010			(2,537		)
	$	70,900		$	52,040		$	58,989
Reconciling items:
Amortization	(2,140		)	(1,968		)	(1,757		)
Restructuring charges (Note 2)	129			(10,211		)	—
Interest income	136			35			467
Interest expense	(462		)	(80		)	—
Other expense — net	(1,364		)	(2,480		)	(1,309		)
Consolidated income before income taxes	$	67,199		$	37,336		$	56,390

	Year Ended December 31
(Dollars in thousands)	2013		2012		2011
Depreciation
Activated Carbon and Service	$	24,882	$	22,578	$	20,959
Equipment	1,486		1,352		1,332
Consumer	430		422		289
	$	26,798	$	24,352	$	22,580
Amortization	2,140		1,968		1,757
Consolidated depreciation and amortization	$	28,938	$	26,320	$	24,337

	December 31
(Dollars in thousands)	2013		2012		2011
Total assets
Activated Carbon and Service	$	527,430	$	510,550	$	493,793
Equipment	55,558		60,191		53,216
Consumer	7,090		7,028		5,981
Consolidated total assets	$	590,078	$	577,769	$	552,990

	Year Ended December 31
(Dollars in thousands)	2012			2011			2010
Expenditures for Long-Lived Assets
Activated Carbon and Service	$	25,885		$	56,291		$	68,533
Equipment	3,325			550			752
Consumer	347			385			1,103
Consolidated property, plant and equipment expenditures	$	29,557	(1)	$	57,226	(2)	$	70,388	(3)

(1) Includes $0.5 million which is included in accounts payable and accrued liabilities at December 31, 2013.

(2) Includes $1.5 million which is included in accounts payable and accrued liabilities at December 31, 2012.

(3) Includes $2.2 million which is included in accounts payable and accrued liabilities at December 31, 2011.

Net Sales by Product

	Year Ended December 31
(Dollars in thousands)	2013		2012		2011
Carbon products	$	460,681	$	465,885	$	466,046
Capital equipment	49,036		61,588		40,650
Equipment leasing	15,127		13,886		14,815
Carbon cloth products	10,721		10,422		7,868
Spare parts	5,899		4,462		5,624
Home consumer products	5		28		862
Other services	6,470		5,984		5,607
Consolidated net sales	$	547,939	$	562,255	$	541,472

Geographic Information

	Year Ended December 31
(Dollars in thousands)	2013		2012		2011
Net sales
United States	$	272,644	$	261,167	$	254,953
Japan	60,804		71,141		73,335
United Kingdom	40,215		37,991		32,948
France	27,969		21,456		20,302
Germany	18,784		20,120		20,513
Canada	16,945		17,861		19,986
China	15,832		15,179		10,369
Belgium	10,690		10,112		11,419
Singapore	9,364		10,380		6,661
South Korea	7,364		20,178		12,546
Switzerland	5,334		4,683		3,324
Netherlands	5,283		6,009		6,861
Spain	3,806		4,049		3,665
Australia	3,775		3,214		6,424
Denmark	3,639		4,142		4,178
Other	45,491		54,573		53,988
Consolidated net sales	$	547,939	$	562,255	$	541,472

Net sales are attributable to countries based on location of customer.

	December 31
(Dollars in thousands)	2013		2012		2011
Long-lived assets
United States	$	169,786	$	161,806	$	133,176
Belgium	64,567		66,077		64,051
China	16,990		17,864		19,319
United Kingdom	8,832		8,654		8,043
Japan	6,334		7,908		9,152
Canada	159		474		653
Singapore	77		106		135
Denmark	64		53		—
Brazil	28		36		—
Germany	12		15		20
Consolidated long-lived assets	$	266,849	$	262,993	$	234,549