Segment Information

3 Months Ended

Mar. 31, 2015

Segment Information

Segment Information

13.   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 cloth for use in military, industrial, and medical applications. Intersegment net sales are not material.

The following segment information represents the results of operations:

	Three Months Ended March 31,
	2015		2014
Net sales
Activated Carbon and Service	$	122,747	$	117,723
Equipment	10,708		10,468
Consumer	2,248		3,441
	$	135,703	$	131,632

	Three Months Ended March 31,
	2015			2014
Income (loss) from operations before restructuring
Activated Carbon and Service	$	18,055		$	16,493
Equipment	(1,160		)	(1,682		)
Consumer	395			687
	17,290			15,498
Reconciling items:
Restructuring income	—			103
Interest income	11			10
Interest expense	(131		)	(109		)
Other expense — net	(548		)	(546		)
Income before income tax provision	$	16,622		$	14,956
Depreciation and amortization
Activated Carbon and Service	$	7,835		$	6,176
Equipment	713			695
Consumer	153			158
Depreciation and amortization	$	8,701		$	7,029