XML 69 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Segment, Geographic and Quarterly Financial Data
 12 Months Ended
Dec. 31, 2013
SegmentReportingDisclosureTextBlockAbstract  
Business Segment, Geographic and Quarterly Financial Data
BUSINESS SEGMENT, GEOGRAPHIC AND QUARTERLY FINANCIAL DATA
Business Segment Financial Data
We segregate our financial results into two reportable segments representing two broad technology segments as follows:
•
The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. These include Low and Ultra Low NOx Burners (LNB and ULNB), Over-Fire Air (OFA) systems, NOxOUT® and HERT™ Selective Non-Catalytic Reduction (SNCR) systems, and Advanced Selective Catalytic Reduction (ASCR™) systems. Our ASCR systems include ULNB, OFA, and SNCR components, along with a downsized SCR catalyst, Ammonia Injection Grid (AIG), and Graduated Straightening Grid GSG™ systems to provide high NOx reductions at significantly lower capital and operating costs than conventional SCR systems. The NOxOUT CASCADE® and NOxOUT-SCR® processes are more basic, using just SNCR and SCR catalyst components. ULTRA™ technology creates ammonia at a plant site using safe urea for use with any SCR application. Flue Gas Conditioning systems are chemical injection systems offered in markets outside the U.S. and Canada to enhance electrostatic precipitator and fabric filter performance in controlling particulate emissions.
•
The FUEL CHEM® technology segment, which uses chemical processes in combination with advanced CFD and CKM boiler modeling, for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI® Targeted In-Furnace Injection™ technology.
The “Other” classification includes those profit and loss items not allocated to either reportable segment.There are no intersegment sales that require elimination.
We evaluate performance and allocate resources based on gross margin by reportable segment. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. We do not review assets by reportable segment, but rather, in aggregate for the company as a whole.


Information about reporting segment net sales and gross margin are provided below:
 
For the year ended December 31, 2013
 
Air Pollution 
Control Segment
 
FUEL CHEM
Segment
 
Other
 
Total
Revenues from external customers
 
$
72,552

 
$
36,786

 
$
—

 
$
109,338

Cost of sales
 
(45,138
)
 
(17,383
)
 
—

 
(62,521
)
Gross margin
 
27,414

 
19,403

 
—

 
46,817

Selling, general and administrative
 
—

 
—

 
(36,375
)
 
(36,375
)
Research and development
 
—

 
—

 
(2,442
)
 
(2,442
)
Operating income
 
$
27,414

 
$
19,403

 
$
(38,817
)
 
$
8,000

 
For the year ended December 31, 2012
 
Air Pollution 
Control Segment
 
FUEL CHEM
Segment
 
Other
 
Total
Revenues from external customers
 
$
62,441

 
$
35,203

 
$
—

 
$
97,644

Cost of sales
 
(40,146
)
 
(16,753
)
 
—

 
(56,899
)
Gross margin
 
22,295

 
18,450

 
—

 
40,745

Selling, general and administrative
 
—

 
—

 
(32,682
)
 
(32,682
)
Research and development
 
—

 
—

 
(2,863
)
 
(2,863
)
Operating income
 
$
22,295

 
$
18,450

 
$
(35,545
)
 
$
5,200

 
For the year ended December 31, 2011
 
Air Pollution 
Control Segment
 
FUEL CHEM
Segment
 
Other
 
Total
Revenues from external customers
 
$
50,930

 
$
42,738

 
$
—

 
$
93,668

Cost of sales
 
(28,467
)
 
(21,390
)
 
—

 
(49,857
)
Gross margin
 
22,463

 
21,348

 
—

 
43,811

Selling, general and administrative
 
—

 
—

 
(33,446
)
 
(33,446
)
Gain from revaluation of ACT liability
 
—

 
—

 
758

 
758

Research and development
 
—

 
—

 
(1,474
)
 
(1,474
)
Operating income
 
$
22,463

 
$
21,348

 
$
(34,162
)
 
$
9,649


Geographic Segment Financial Data
Information concerning our operations by geographic area is provided below. Revenues are attributed to countries based on the location of the customer. Assets are those directly associated with operations of the geographic area.
 
For the years ended December 31,
 
2013
 
2012
 
2011
Revenues:
 
 
 
 
 
 
United States
 
$
63,275

 
$
70,425

 
$
76,077

Foreign
 
46,063

 
27,219

 
17,591

 
 
$
109,338

 
$
97,644

 
$
93,668


As of December 31,
 
2013
 
2012
Assets:
 
 
 
 
United States
 
$
83,464

 
$
86,466

Foreign
 
26,594

 
19,431

 
 
$
110,058

 
$
105,897


Unaudited Quarterly Financial Data
Set forth below are the unaudited quarterly financial data for the fiscal years ended December 31, 2013 and 2012.
 
For the quarters ended
 
March 31
 
June 30
 
September 30
 
December 31
2013
 
 
 
 
 
 
 
 
Revenues
 
$
22,484

 
$
29,092

 
$
33,555

 
$
24,207

Cost of sales
 
13,052

 
17,227

 
18,455

 
13,787

Net (loss) income
 
(21
)
 
1,236

 
3,480

 
406

Net income per common share:
 
 
 
 
 
 
 
 
Basic
 
$
—

 
$
0.06

 
$
0.16

 
$
0.02

Diluted
 
$
—

 
$
0.05

 
$
0.15

 
$
0.02

2012
 
 
 
 
 
 
 
 
Revenues
 
$
25,212

 
$
20,911

 
$
24,907

 
$
26,614

Cost of sales
 
13,220

 
11,880

 
14,671

 
17,128

Net income (loss)
 
1,543

 
68

 
1,194

 
(29
)
Net income per common share:
 
 
 
 
 
 
 
 
Basic
 
$
0.07

 
$
—

 
$
0.05

 
$
—

Diluted
 
$
0.06

 
$
—

 
$
0.05

 
$
—