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Business Segment Information | 12 Months Ended
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Dec. 31, 2011
Business Segment Information [Abstract] |
Business Segment Information |
18. | Business Segment Information
The Company's operations are organized and reviewed by management along its product lines and presented in three reportable segments. The results of the segments are reviewed through to the "Income from operations" line on the Statements of Income. Engineered Equipment Technology and Parts Group ("EET&P") Our Engineered Equipment Technology and Parts Group, located in the United States as well as Canada, Brazil, China, and India, is comprised of CECO Filters, Busch International, CECO Abatement, Effox/Flextor, Fisher-Klosterman, and A.V.C. We enable our customers to meet Best Available Control Technology ("BACT") requirements and compliance targets for fumes, volatile organic compounds, process, and industrial odors. Our services eliminate toxic emission fumes and volatile organic compounds from large-scale industrial processes. We have a presence in the chemical processing, ethanol, paint booth emissions, wastewater treatment, and wood products industries. Contracting/Services Group ("C/S") Our Contracting/Services Group is comprised of the contracting/services operations of our Kirk & Blum divisions. We provide custom metal fabrication services at our Kirk & Blum Columbia, Tennessee and Louisville, Kentucky locations. These facilities are used to fabricate parts, subassemblies, and customized products for air pollution and non-air pollution applications from sheet, plate, and structurals. Component Parts Group ("CP") We market component parts for industrial air systems to contractors, distributors and dealers throughout the United States. The accounting policies of the segments are the same as those in the consolidated financial statements.
$ in thousands |  | 2011 |  |  | 2010 |
Net Sales by Business Segment |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  |  |  |  |  |  |  |
United States |  | $ | 82,946 |  |  | $ | 78,188 |
Canada |  |  | 7,492 |  |  |  | 12,880 |
Brazil |  |  | 2,214 |  |  |  | 528 |
China |  |  | 9,001 |  |  |  | 4,900 |
India |  |  | 229 |  |  |  | 843 |
Subtotal (a) |  |  | 101,882 |  |  |  | 97,339 |
Contracting / Services (a) |  |  | 29,466 |  |  |  | 37,122 |
Component Parts (a) |  |  | 20,230 |  |  |  | 18,148 |
Corporate and other (a) |  |  | 1,079 |  |  |  | 1,548 |
Eliminations |  |  | (13,465 | ) |  |  | (13,555 | )
Net sales |  | $ | 139,192 |  |  | $ | 140,602 |
(a) | The amounts presented above at the reportable business segment level include both external and intersegment net sales. See tables in the following section "Intra-segment and Inter-segment Revenues."
$ in thousands |  | 2011 |  |  | 2010 |
Income (loss) from Operations |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 12,381 |  |  | $ | 9,314 |
Contracting / Services |  |  | 3,145 |  |  |  | 28 |
Component Parts |  |  | 3,372 |  |  |  | 2,798 |
Corporate and other (b) |  |  | (6,418 | ) |  |  | (6,830 | )
Eliminations |  |  | (112 | ) |  |  | (274 | )
Income from operations |  | $ | 12,368 |  |  | $ | 5,036 |
(b) | Includes corporate compensation, professional services, information technology, and other general and administrative corporate expenses.
$ in thousands |  | 2011 |  |  | 2010 |
Property and equipment additions |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 183 |  |  | $ | 386 |
Contracting / Services |  |  | 115 |  |  |  | 109 |
Component Parts |  |  | 449 |  |  |  | 97 |
Corporate and other |  |  | 165 |  |  |  | 62 |
Property and equipment additions |  | $ | 913 |  |  | $ | 654 |
$ in thousands |  | 2011 |  |  | 2010 |
Depreciation and Amortization |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 766 |  |  | $ | 998 |
Contracting / Services |  |  | 232 |  |  |  | 421 |
Component Parts |  |  | 185 |  |  |  | 186 |
Corporate and other |  |  | 216 |  |  |  | 153 |
Depreciation and amortization |  | $ | 1,399 |  |  | $ | 1,758 |
|  | December 31, |
$ in thousands |  | 2011 |  |  | 2010 |
Identifiable Assets |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 51,480 |  |  | $ | 51,004 |
Contracting / Services |  |  | 18,588 |  |  |  | 14,009 |
Component Parts |  |  | 5,577 |  |  |  | 4,613 |
Corporate and other (c) |  |  | 9,705 |  |  |  | 7,953 |
Eliminations (d) |  |  | (6,005 | ) |  |  | (2,788 | )
Identifiable assets |  | $ | 79,345 |  |  | $ | 74,791 |
(c) | Corporate assets primarily consists of cash, income tax related assets, and intercompany note receivable.
(d) | Includes eliminations for intercompany trade accounts receivable, intercompany job revenue, and intercompany note receivable.
|  | December 31, |
|  | 2011 |  |  | 2010 |
Goodwill |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 14,661 |  |  | $ | 14,713 |
Contracting / Services |  |  | — |  |  |  | — |
Component Parts |  |  | — |  |  |  | — |
Goodwill |  | $ | 14,661 |  |  | $ | 14,713 |
Intra-segment and Inter-segment Revenues The Company has multiple divisions that sell to each other within segments and between segments as indicated in the following tables:
|  | Year Ended December 31, 2011 |
|  | Total sales |  |  | Less intra-segment sales |  |  | Less inter-segment sales |  |  | Net sales to outside |
$ in thousands |  |  |  | EET&P |  |  | C/S |  |  | CP |  |  | Corp. (a) |  |  | customers |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 82,946 |  |  | $ | (3,733 | ) |  | $ | — |  |  | $ | (2,797 | ) |  | $ | — |  |  | $ | — |  |  | $ | 76,416 |
Canada |  |  | 7,492 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,492 |
Brazil |  |  | 2,214 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,214 |
China |  |  | 9,001 |  |  |  | (2,854 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,147 |
India |  |  | 229 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 229 |
subtotal |  |  | 101,882 |  |  |  | (6,587 | ) |  |  | — |  |  |  | (2,797 | ) |  |  | — |  |  |  | — |  |  |  | 92,498 |
Contracting / Services (C/S) |  |  | 29,466 |  |  |  | (120 | ) |  |  | (2,355 | ) |  |  | — |  |  |  | (50 | ) |  |  | (62 | ) |  |  | 26,879 |
Component Parts (CP) |  |  | 20,230 |  |  |  | (449 | ) |  |  | (139 | ) |  |  | (871 | ) |  |  | — |  |  |  | — |  |  |  | 18,771 |
Corporate and other (a) |  |  | 1,079 |  |  |  | — |  |  |  |  |  |  |  | (47 | ) |  |  | — |  |  |  | 12 |  |  |  | 1,044 |
Net sales |  | $ | 152,657 |  |  | $ | (7,156 | ) |  | $ | (2,494 | ) |  | $ | (3,715 | ) |  | $ | (50 | ) |  | $ | (50 | ) |  | $ | 139,192 |
(a) | Includes the operations of our Engineering Group, which is not significant to the overall operations of the Company and was disposed of in late 2011.
|  | Year Ended December 31, 2010 |
$ in thousands |  | Total sales |  |  | Less intra-segment sales |  |  | Less inter-segment sales |  |  | Net sales to outside customers |
|  |  | EET&P |  |  | C/S |  |  | Corp. (a) |  |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 78,188 |  |  | $ | (2,494 | ) |  | $ | — |  |  | $ | (1,861 | ) |  | $ | (3 | ) |  | $ | 73,830 |
Canada |  |  | 12,880 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12,880 |
Brazil |  |  | 528 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 528 |
China |  |  | 4,900 |  |  |  | (199 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,701 |
India |  |  | 843 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 843 |
subtotal |  |  | 97,339 |  |  |  | (2,693 | ) |  |  | — |  |  |  | (1,861 | ) |  |  | (3 | ) |  |  | 92,782 |
Contracting / Services (C/S) |  |  | 37,122 |  |  |  | (539 | ) |  |  | (5,527 | ) |  |  | — |  |  |  | (150 | ) |  |  | 30,906 |
Component Parts (CP) |  |  | 18,148 |  |  |  | (712 | ) |  |  | (99 | ) |  |  | (1,665 | ) |  |  | — |  |  |  | 15,672 |
Corporate and other (a) |  |  | 1,548 |  |  |  | — |  |  |  | (82 | ) |  |  | (149 | ) |  |  | (75 | ) |  |  | 1,242 |
Net sales |  | $ | 154,157 |  |  | $ | (3,944 | ) |  | $ | (5,708 | ) |  | $ | (3,675 | ) |  | $ | (228 | ) |  | $ | 140,602 |
(a) | Includes the operations of our Engineering Group, which is not significant to the overall operations of the Company and was disposed of in late 2011.

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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 Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 15: 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 + Details
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