Segment Information

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s continuing operations are comprised of several product lines manufactured and sold in various geographic locations. The market channels and end users for products are similar. The production processes are shared across the majority of the products. Management evaluates performance and allocates resources on a combined basis and not as separate business units or profit centers. Accordingly, management has concluded the Company operates in one reportable segment.

Geographic Information

The reportable geographic regions are the Americas, Asia-Pacific and Europe/Rest of World (“RoW”). Sales have been attributed to geographic regions based on the country of our end customer.  The following tables provide summarized financial information concerning the Company’s geographic regions:

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
Net Sales:
Americas	$	87,945	$	82,511	$	173,101	$	159,949
Asia-Pacific	34,123		36,052		66,939		65,281
Europe / RoW	10,189		10,706		19,088		20,536
Total	$	132,257	$	129,269	$	259,128	$	245,766

U.S. sales as a portion of Americas’ sales comprised approximately 82% and 86% for the three months ended June 30, 2012 and June 30, 2011, respectively, and approximately 83% and 86% for the six months ended June 30, 2012 and June 30, 2011, respectively.  Australia sales as a portion of Asia-Pacific sales comprised approximately 74% for the three months ended June 30, 2012 and June 30, 2011, respectively, and approximately 75% and 74% for the six months ended June 30, 2012 and June 30, 2011, respectively.

The following table shows identifiable assets (excluding working capital and intangibles) for each of the Company’s geographic regions:

	June 30, 2012		December 31, 2011
Identifiable Assets:
Americas	$	70,682	$	67,683
Asia-Pacific	17,734		17,953
Europe / RoW	1,614		1,721
	$	90,030	$	87,357

Product Line Information

The Company sells a variety of products, substantially all of which are used by manufacturing, construction and foundry operations to cut, join and reinforce steel, aluminum and other metals in various applications including construction, oil, gas rig and pipeline construction, repair and maintenance of manufacturing equipment, and shipbuilding. The following table shows sales for each of the product lines:

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
Gas equipment	$	46,843	$	48,178	$	95,814	$	90,861
Plasma power supplies, torches and related consumable parts	22,541		20,903		43,291		41,053
Arc accessories, including torches, related consumable parts and accessories	25,066		22,965		46,036		43,677
Welding equipment	13,913		11,804		23,142		21,959
Filler metals and hardfacing alloys	23,894		25,419		50,845		48,216
	$	132,257	$	129,269	$	259,128	$	245,766