Segment Information

9 Months Ended

Sep. 30, 2016

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 September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Net sales
Activated Carbon and Service	$	112,504	$	121,330	$	339,861	$	367,644
Equipment		9,784		9,659		30,094		30,003
Consumer		1,682		1,987		6,811		6,484
Consolidated net sales	$	123,970	$	132,976	$	376,766	$	404,131
Income (loss) from operations
Activated Carbon and Service	$	9,669	$	18,054	$	31,328	$	55,696
Equipment		(543)		(1,278)		(2,390)		(2,680)
Consumer		167		192		989		1,037
		9,293		16,968		29,927		54,053
Reconciling items:
Interest income		—		6		35		51
Interest expense		(538)		(254)		(1,099)		(500)
Other income (expense) — net		(758)		890		(555)		(261)
Income before income tax provision	$	7,997	$	17,610	$	28,308	$	53,343
Depreciation and amortization
Activated Carbon and Service	$	8,586	$	7,954	$	25,630	$	23,461
Equipment		357		514		1,246		1,864
Consumer		139		156		442		463
	$	9,082	$	8,624	$	27,318	$	25,788