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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" -->
<!-- Begin Block Tagged Note 16 - us-gaap:SegmentReportingDisclosureTextBlock-->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 16. Segment Results</b>
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The Company has determined its reportable segments in accordance with FASB ASC 280 <i>Segment
Reporting </i>(“FASB ASC 280”) and evaluates the performance of its reportable segments based on, among
other measures, operating income (loss), which is defined as income (loss) before interest expense,
other income, net, and income taxes. Reportable segment operating income (loss) and segment
operating margin (defined as segment operating income (loss) divided by segment revenues) are
indicative of short-term operating performance and ongoing profitability. Management closely
monitors the operating income and operating margin of each reportable segment to evaluate past
performance and actions required to improve profitability.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In the Industrial Products Group, the Company designs, manufactures, markets and services the
following products and related aftermarket parts for industrial and commercial applications: rotary
screw, reciprocating, and sliding vane air and gas compressors; positive displacement, centrifugal
and side channel blowers; and vacuum pumps primarily serving manufacturing, transportation and
general industry and selected original equipment manufacturer (“OEM”) and engineered system
applications. The Company also designs, manufactures, markets and services complementary ancillary
products. Stationary air compressors are used in manufacturing, process applications and materials
handling, and to power air tools and equipment. Blowers are used primarily in pneumatic conveying,
wastewater aeration, numerous applications in industrial manufacturing and engineered vacuum
systems. The markets served are primarily in Europe, the U.S. and Asia.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     In the Engineered Products Group, the Company designs, manufactures, markets and services a
diverse group of pumps, compressors, liquid ring vacuum pumps, water jetting and loading arm
systems and related aftermarket parts. These products are used in well drilling, well servicing and
production of oil and natural gas; industrial, commercial and transportation applications; and in
industrial cleaning and maintenance. Liquid ring pumps are used in many different applications such
as water removal, distilling, reacting, flare gas recovery, efficiency improvement, lifting and
handling, and filtering, principally in the pulp and paper, industrial manufacturing, petrochemical
and power industries. This segment also designs, manufactures, markets and services other
engineered products and components and equipment for the chemical, petroleum and food industries.
The markets served are primarily in the U.S., Europe, Canada and Asia.
</div>
<div align="left" style="font-size: 10pt; margin-top: 6pt">     The following table provides financial information by business segment for the three and six-month
periods ended June 30, 2010 and 2009.
</div>
<!-- Folio -->
<!-- /Folio -->
</div>
<!-- PAGEBREAK -->
<div style="font-family: 'Times New Roman',Times,serif">
<div align="center">
<table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<tr valign="bottom">
<td width="52%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Three Months Ended</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6"><b>Six Months Ended</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>June 30,</b></td>
<td> </td>
</tr>
<tr style="font-size: 8pt" valign="bottom">
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2010</b></td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"><b>2009</b></td>
<td> </td>
</tr>
<!-- End Table Head -->
<!-- Begin Table Body -->
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Industrial Products Group</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Revenues
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">268,650</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">250,281</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">515,044</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">504,154</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Operating income (loss)
</div></td>
<td> </td>
<td> </td>
<td align="right">20,157</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(6,321</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td> </td>
<td align="right">39,710</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(267,711</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Operating income (loss) as a percentage of revenues
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">7.5</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2.5</td>
<td nowrap="nowrap">)%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">7.7</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(53.1</td>
<td nowrap="nowrap">)%</td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Engineered Products Group</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Revenues
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">180,869</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">185,768</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">356,639</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">394,375</td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Operating income
</div></td>
<td> </td>
<td> </td>
<td align="right">36,430</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">33,243</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">64,341</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">67,485</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Operating income as a percentage of revenues
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">20.1</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">17.9</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">18.0</td>
<td nowrap="nowrap">%</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">17.1</td>
<td nowrap="nowrap">%</td>
</tr>
<tr valign="bottom"><!-- Blank Space -->
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:15px; text-indent:-15px"><b>Reconciliation of Segment Results to Consolidated Results</b>
</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Total segment operating income (loss)
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">56,587</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">26,922</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">104,051</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(200,226</td>
<td nowrap="nowrap">)</td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Interest expense
</div></td>
<td> </td>
<td> </td>
<td align="right">6,062</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">6,611</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">12,178</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">14,268</td>
<td> </td>
</tr>
<tr valign="bottom">
<td>
<div style="margin-left:30px; text-indent:-15px">Other income, net
</div></td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(2</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,243</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(637</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(1,431</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td>
<td> </td>
</tr>
<tr valign="bottom" style="background: #cceeff">
<td>
<div style="margin-left:30px; text-indent:-15px">Consolidated income (loss) before income taxes
</div></td>
<td> </td>
<td align="left">$</td>
<td align="right">50,527</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">21,554</td>
<td> </td>
<td> </td>
<td align="left">$</td>
<td align="right">92,510</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left">$</td>
<td align="right">(213,063</td>
<td nowrap="nowrap">)</td>
</tr>
<tr style="font-size: 1px">
<td>
<div style="margin-left:15px; text-indent:-15px"> 
</div></td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
<td> </td>
<td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td>
<td> </td>
</tr>
<!-- End Table Body -->
</table>
</div>
</div>
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This element may be used to capture the complete disclosure of reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10% or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
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