Segment Information

12 Months Ended

Dec. 31, 2015

Segment Information

Segment Information

18. 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:

	Year Ended December 31
	2015			2014			2013
Net sales
Activated Carbon and Service	$	486,548		$	498,212		$	482,278
Equipment	39,293			45,319			54,935
Consumer	9,163			11,572			10,726
Consolidated net sales	$	535,004		$	555,103		$	547,939
Income (loss) from operations before restructuring
Activated Carbon and Service	$	67,583		$	78,114		$	71,017
Equipment	(4,210		)	(5,657		)	(4,041		)
Consumer	1,421			1,896			1,784
	$	64,794		$	74,353		$	68,760
Reconciling items:
Restructuring income	—			252			129
Interest income	58			77			136
Interest expense	(773		)	(263		)	(462		)
Other expense — net	(693		)	(1,911		)	(1,364		)
Income before income tax provision	$	63,386		$	72,508		$	67,199

	Year Ended December 31
	2015		2014		2013
Depreciation and amortization
Activated Carbon and Service	$	32,443	$	26,820	$	25,395
Equipment	2,400		3,049		2,907
Consumer	610		601		636
Depreciation and amortization	$	35,453	$	30,470	$	28,938
Expenditures for Long-Lived Assets
Activated Carbon and Service	$	57,559	$	60,470	$	25,885
Equipment	4,266		2,947		3,325
Consumer	403		495		347
Total expenditures(1)	$	62,228	$	63,912	$	29,557

(1)Includes $2.1 million, $2.2 million and $0.5 million which is included in accounts payable and accrued liabilities at December 31, 2015, 2014 and 2013, respectively.

	December 31
	2015		2014		2013
Total assets
Activated Carbon and Service	$	597,274	$	564,734	$	527,430
Equipment	52,894		50,610		55,558
Consumer	6,350		6,317		7,090
Total assets	$	656,518	$	621,661	$	590,078

Net Sales by Product

	Year Ended December 31
	2015		2014		2013
Carbon products	$	460,251	$	474,222	$	460,681
Capital equipment	35,114		41,238		49,036
Equipment leasing	15,235		16,598		15,127
Carbon cloth products	9,163		11,564		10,721
Spare parts	4,179		4,081		5,899
Other services	11,062		7,400		6,475
Total net sales	$	535,004	$	555,103	$	547,939

Geographic Information

	Year Ended December 31
	2015		2014		2013
Net sales
United States	$	288,645	$	261,849	$	272,644
United Kingdom	43,217		46,049		40,215
Japan	35,753		45,261		60,804
France	20,875		28,575		27,969
China	17,943		17,166		15,832
Germany	17,804		20,656		18,784
Canada	17,065		21,910		16,945
South Korea	12,218		18,692		7,364
Belgium	10,383		11,166		10,690
Singapore	9,923		6,418		9,364
Netherlands	5,184		5,466		5,283
Denmark	4,252		3,978		3,639
Switzerland	3,340		4,937		5,334
Spain	3,302		4,049		3,806
Thailand	3,290		1,682		1,023
Other	41,810		57,249		48,243
Total net sales(1)	$	535,004	$	555,103	$	547,939

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

	December 31
	2015		2014		2013
Property, plant and equipment, net
United States	$	228,057	$	205,429	$	169,786
Belgium	47,921		52,943		64,567
United Kingdom	15,849		11,100		8,832
China	13,779		15,583		16,990
Japan	5,255		5,309		6,334
Singapore	65		86		77
Denmark	53		59		64
Canada	24		49		159
Brazil	14		22		28
Germany	2		6		12
Total property, plant and equipment, net	$	311,019	$	290,586	$	266,849