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Business Segments | 12 Months Ended
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Sep. 30, 2013
Business Segments | L. Business Segments We manage our business through two reportable operating segments: Electrical Power Products and Process Control Systems. Electrical Power Products includes equipment and systems for the distribution and control of electrical energy. Process Control Systems consists principally of instrumentation, computer controls, communications and data management systems to control and manage critical processes. The table below reflects certain information relating to our operations by business segment. All revenues represent sales from unaffiliated customers. The accounting policies of the business segments are the same as those described in the summary of significant accounting policies. Corporate expenses are allocated to the operating business segments primarily based on revenues. The corporate assets are mainly cash, cash equivalents and marketable securities. Detailed information regarding our business segments is shown below (in thousands):
| Year Ended September 30, |
--- | --- | ---
| 2013 |  |  | 2012 |  |  | 2011 |
Revenues: |  |  |  |  |  |  |  |  |  |  |
Electrical Power Products | $ |  | 635,253 |  |  | $ |  | 686,581 |  |  | $ |  |  | 533,339 |
Process Control Systems |  | 39,519 |  |  |  | 30,613 |  |  |  | 29,058 |
Total | $ |  | 674,772 |  |  | $ |  | 717,194 |  |  | $ |  |  | 562,397 |
Gross profit: |  |  |  |  |  |  |  |  |  |  |
Electrical Power Products | $ |  | 137,756 |  |  | $ |  | 132,458 |  |  | $ |  |  | 91,730 |
Process Control Systems |  | 9,080 |  |  |  | 7,480 |  |  |  | 8,200 |
Total | $ |  | 146,836 |  |  | $ |  | 139,938 |  |  | $ |  |  | 99,930 |
Income before income taxes: |  |  |  |  |  |  |  |  |  |  |
Electrical Power Products | $ |  | 49,421 |  |  | $ |  | 48,055 |  |  | $ |  |  | 3,888 |
Process Control Systems |  | 1,311 |  |  |  | 179 |  |  |  | 109 |
Total | $ |  | 50,7 32 |  |  | $ |  | 48,234 |  |  | $ |  |  | 3,997 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |
Electrical Power Products | $ |  | 10,103 |  |  | $ |  | 13,010 |  |  | $ |  |  | 15,188 |
Process Control Systems |  | 87 |  |  |  | 55 |  |  |  | 162 |
Total | $ |  | 10,1 90 |  |  | $ |  | 13,065 |  |  | $ |  |  | 15,350 |
In the fourth quarter of our F iscal 2013, we recovered approximately $5.1 million related to one large project at Powell Canada, of which approximately $3.8 million was recorded as revenue and the remaining $1.3 million was related to amounts recorded to other a ssets. This recovery related to cost overruns on a large project with execution challenges in the first half of fiscal year 2012 which negatively impacted revenue and gross profit in F iscal 2012 in our Electrical Power Products segment. Also, in our Electrical Power Products segment, in the second quarter of F iscal 2013, we settled a lawsuit we had filed against the previous owners of Powell Canada in the amount of $1.7 million, which was received in the third quarter of F iscal 2013. Income before income taxes for F iscal 2011 includes a $1.2 million gain recorded in the second quarter resulting from cash received from the sale of our 50% equity investment in Kazakhstan. This gain was recorded in our Electrical Power Products business segment. Income before income taxes for F iscal 2011 includes an impairment charge of $7.2 million, which was recorded in the fourth quarter, to reflect the impairment for the value of the intangible assets that were recorded in relation to the acquisition of Powell Canada. The loss was recorded in our Electrical Power Products business segment.
| September 30, |
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| 2013 |  |  | 2012 |
Segment assets: |  |  |  |  |  |  |
Electrical Power Products | $ |  | 334,169 |  |  | $ |  | 319,215 |
Process Control Systems |  | 17,083 |  |  |  | 14,5 40 |
Corporate |  | 179,651 |  |  |  | 114,5 57 |
Total | $ |  | 530,903 |  |  | $ |  | 448,31 2 |
Geographic Information Revenues are as follows (in thousands):
| Year Ended September 30, |
--- | --- | ---
| 2013 |  |  | 2012 |  |  | 2011 |
Europe (including former Soviet Union) | $ |  | 753 |  |  | $ |  | 24,857 |  |  | $ |  | 7,107 |
Far East |  | 36,965 |  |  |  | 14,865 |  |  |  | 17,172 |
Middle East and Africa |  | 86,470 |  |  |  | 79,781 |  |  |  | 46,304 |
North, Central and South America (excluding U.S.) |  | 145,470 |  |  |  | 184,935 |  |  |  | 112,949 |
United States |  | 405,114 |  |  |  | 412,756 |  |  |  | 378,865 |
Total revenues | $ |  | 674,772 |  |  | $ |  | 717,194 |  |  | $ |  | 562,397 |
The United States accounted for 60%, 58% and 67% of consolidated revenues in F iscal 2013, 2012 and 2011, respectively. During F iscal 2013, 2012 and 2011, revenues from customers located in Canada accounted for 17%, 13% and 1 6% of revenues with customers, respectively. During F iscal 2012, one petrochemical project shipped to Colombia accounted for 11% of revenues with customers.
| September 30, |
--- | --- | ---
| 2013 |  |  | 2012 |
Long-lived assets: |  |  |  |  |  |  |
United States | $ |  | 96,918 |  |  | $ |  | 60,012 |
United Kingdom |  | 5,894 |  |  |  | 6,238 |
Canada |  | 41,777 |  |  |  | 12,402 |
Total | $ |  | 144,589 |  |  | $ |  | 78,652 |
Long-lived assets consist of property, plant and equipment net of accumulated depreciation.

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- Definition The entire disclosure for 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 percent 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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