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Business Segment Information
 12 Months Ended
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.