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Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

Business Segment Information [Abstract]


	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

Net Operating Income (Loss) by Business Segment


	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.

Property and Equipment Additions, Depreciation and Amortization and Identifiable Assets


	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.

Goodwill


	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.

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References+ Details

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details