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Business Segment Information
 3 Months Ended
Mar. 31, 2013
Business Segment Information [Abstract]  
Business Segment Information
17. Business Segment Information

CECO’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 Condensed Consolidated Statements of Income.

Engineered Equipment Technology and Parts Group (“EET&P”)

Our Engineered Equipment and Parts Group, located in the United States as well as the Netherlands, Canada, Brazil, China, and India, is comprised of Aarding, Adwest, A.V.C., CECO Abatement, CECO Filters, Busch International, , Effox, Fisher-Klosterman, and Flextor. We enable our customers to meet Best Available Control Technology 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 condensed consolidated financial statements.

 

Summary of Business by Segment

 

                 
    Three months ended
March 31,		  
(dollars in thousands)       2013             2012      

Net Sales (less intra-, inter-segment sales)

                

Engineered Equipment Technology and Parts

               

United States

   $ 19,195     $ 18,109  

Netherlands

     2,114       —    

Canada

     1,747       1,940  

China

     1,954       720  

Brazil

     0       121  
   

 

 

    

 

 

  

subtotal

     25,010       20,890  

Contracting / Services

    4,119       7,082  

Component Parts

    5,059       5,082  

Corporate

     173       (28 ) 
   

 

 

    

 

 

  

Net sales

   $ 34,361     $  33,026  
   

 

 

    

 

 

  

 

                 
    Three months ended
March 31,		  
(dollars in thousands)       2013             2012      

Net Operating Income (Loss)

                

Engineered Equipment Technology and Parts

   $ 4,280     $ 3,305  

Contracting / Services

     573       1,121  

Component Parts

     920       1,089  

Corporate and other (a)

     (2,465 )      (1,695 ) 

Eliminations

     30       (73 ) 
   

 

 

    

 

 

  

Net operating income

   $ 3,338     $ 3,747  
   

 

 

    

 

 

  

 

  (a) Includes corporate compensation, professional services, information technology, and other general and administrative corporate expenses.

 

                 
    Three months ended
March 31,		  
(dollars in thousands)       2013             2012      

Property and Equipment Additions

                

Engineered Equipment Technology and Parts

   $ 37     $ 20  

Contracting / Services

     10       16  

Component Parts

     6       27  

Corporate

     0       10  
   

 

 

    

 

 

  

Property and equipment additions

   $ 53     $ 73  
   

 

 

    

 

 

  

 

                 
    Three months ended
March 31,		  
(dollars in thousands)       2013             2012      

Depreciation and Amortization

                

Engineered Equipment Technology and Parts

   $ 283     $ 161  

Contracting / Services

     52       56  

Component Parts

     46       49  

Corporate

     33       52  
   

 

 

    

 

 

  

Depreciation and Amortization

   $ 414     $ 318  
   

 

 

    

 

 

  

 

                 
(dollars in thousands)   March 31,
2013		     December 31,
2012		  

Identifiable Assets

                

Engineered Equipment Technology and Parts

   $ 100,610     $ 60,516  

Contracting / Services

     5,990       8,055  

Component Parts

     5,736       5,573  

Corporate (b)

     1,759       19,960  
   

 

 

    

 

 

  

Identifiable Assets (c)

   $ 114,095     $ 94,104  
   

 

 

    

 

 

  

 

(b) Corporate assets primarily consists of cash and income tax related assets.
(c) The Company has revised its business segment reporting primarily to exclude nontrade accounts receivable in order to better reflect the manner in which such assets are reviewed by management.

 

                 
    March 31,  
(dollars in thousands)   2013     2012  

Goodwill

                

Engineered Equipment Technology and Parts

   $ 35,705     $ 19,548  
   

 

 

    

 

 

  

Intra-segment and Inter-segment Revenues

The Company has multiple divisions that sell to each other within segments (intra-segment sales) and between segments (inter-segment sales) as indicated in the following tables:

 

                                                         
    Three months ended March 31, 2013  
    Total     Less intra-
segment		     Less inter-segment sales     Net sales to
outside		  
(dollars in thousands)   sales     sales     EE&P     C/S     CP     Corp. (a)     customers  

Net Sales

                                                        

Engineered Equipment Technology and Parts

                                                        

United States

   $ 19,393     $ (198 )    $ —       $       $       $ —       $ 19,195  

Netherlands

     2,114       —         —         —         —         —         2,114  

China

     1,954       —         —         —         —         —         1,954  

Canada

     1,757       (10 )     —         —         —         —         1,747  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Subtotal

     25,218       (208 )      —         —         —         —         25,010  

Contracting / Services

     5,135       (44 )      (972 )     —         —         —         4,119  

Component Parts

     5,432       (159 )      (11 )     (203 )      —         —         5,059  

Corporate and other (a)

     —         —         —         —         —         173       173  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net sales

   $ 35,785     $ (411 )    $ (983 )   $ (203 )    $ —       $ 173     $ 34,361  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

                                                         
    Three months ended March 31, 2012  
    Total     Less intra-
segment		     Less inter-segment sales     Net sales to
outside		  
(dollars in thousands)   sales     sales     EE&P     C/S     CP     Corp. (a)     customers  

Net Sales

                                                        

Engineered Equipment Technology and Parts

                                                        

United States

   $ 18,921     $ (247 )    $ —       $ (565 )   $ —       $ —       $ 18,109  

China

     1,443       (723 )      —         —         —         —         720  

Canada

     1,940       —         —         —         —         —         1,940  

Brazil

     121       —         —         —         —         —         121  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Subtotal

     22,425       (970 )      —         (565 )     —         —         20,890  

Contracting / Services

     7,545       (34 )      (429 )     —         —         —         7,082  

Component Parts

     5,448       (78 )      (5 )     (283 )      —         —         5,082  

Corporate and other (a)

     24       —         —         (10 )      —         (42 )     (28 )
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net sales

   $ 35,442     $ (1,082 )    $ (434 )   $ (858 )   $ —       $ (42 )   $ 33,026  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

  

 

(a) Includes adjustment for revenue on intercompany jobs.