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Business Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2013
Segment Reporting [Abstract] |
Net Sales by Business Segment | Summary of Business by Segment
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(dollars in thousands) |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Net Sales (less intra-, inter-segment sales) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 23,508 |  |  | $ | 19,355 |  |  | $ | 42,703 |  |  | $ | 37,464 |
Netherlands |  |  | 8,280 |  |  |  | 0 |  |  |  | 10,394 |  |  |  | 0 |
Canada |  |  | 715 |  |  |  | 2,088 |  |  |  | 2,462 |  |  |  | 4,028 |
China |  |  | 1,057 |  |  |  | 782 |  |  |  | 3,011 |  |  |  | 1,502 |
Brazil |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 121 |
subtotal |  |  | 33,560 |  |  |  | 22,225 |  |  |  | 58,570 |  |  |  | 43,115 |
Contracting / Services |  |  | 4,976 |  |  |  | 6,746 |  |  |  | 9,095 |  |  |  | 13,828 |
Component Parts |  |  | 5,774 |  |  |  | 5,534 |  |  |  | 10,833 |  |  |  | 10,616 |
Corporate |  |  | 123 |  |  |  | 87 |  |  |  | 296 |  |  |  | 59 |
Net sales |  | $ | 44,433 |  |  | $ | 34,592 |  |  | $ | 78,794 |  |  | $ | 67,618 |
Net Operating Income (Loss) by Business Segment |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(dollars in thousands) |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Net Operating Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 5,753 |  |  | $ | 3,859 |  |  | $ | 10,033 |  |  | $ | 7,164 |
Contracting / Services |  |  | 346 |  |  |  | 563 |  |  |  | 919 |  |  |  | 1,684 |
Component Parts |  |  | 1,137 |  |  |  | 1,323 |  |  |  | 2,057 |  |  |  | 2,412 |
Corporate and other (a) |  |  | (3,686 | ) |  |  | (1,517 | ) |  |  | (6,151 | ) |  |  | (3,212 | )
Eliminations |  |  | (243 | ) |  |  | 57 |  |  |  | (213 | ) |  |  | (16 | )
Net operating income |  | $ | 3,307 |  |  | $ | 4,285 |  |  | $ | 6,645 |  |  | $ | 8,032 |
(a) | Includes acquisition expenses, 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 June 30, |  |  | Six Months Ended June 30, |
(dollars in thousands) |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Property and Equipment Additions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 146 |  |  | $ | 32 |  |  | $ | 183 |  |  | $ | 52 |
Contracting / Services |  |  | 11 |  |  |  | 14 |  |  |  | 21 |  |  |  | 30 |
Component Parts |  |  | 26 |  |  |  | 11 |  |  |  | 32 |  |  |  | 38 |
Corporate |  |  | 0 |  |  |  | 2 |  |  |  | 0 |  |  |  | 12 |
Property and equipment additions |  | $ | 183 |  |  | $ | 59 |  |  | $ | 236 |  |  | $ | 132 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(dollars in thousands) |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 768 |  |  | $ | 138 |  |  | $ | 1,051 |  |  | $ | 299 |
Contracting / Services |  |  | 52 |  |  |  | 54 |  |  |  | 104 |  |  |  | 110 |
Component Parts |  |  | 47 |  |  |  | 47 |  |  |  | 93 |  |  |  | 96 |
Corporate |  |  | 32 |  |  |  | 53 |  |  |  | 65 |  |  |  | 105 |
Depreciation and Amortization |  | $ | 899 |  |  | $ | 292 |  |  | $ | 1,313 |  |  | $ | 610 |
(dollars in thousands) |  | June 30, 2013 |  |  | December 31, 2012 |
Identifiable Assets |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 99,772 |  |  | $ | 60,516 |
Contracting / Services |  |  | 6,355 |  |  |  | 8,055 |
Component Parts |  |  | 6,423 |  |  |  | 5,573 |
Corporate (b) |  |  | 5,010 |  |  |  | 19,960 |
Identifiable Assets (c) |  | $ | 117,560 |  |  | $ | 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 |
(dollars in thousands) |  | June 30, 2013 |  |  | December 31, 2012 |
Goodwill |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 27,578 |  |  | $ | 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 June 30, 2013 |
(dollars in thousands) |  | Total sales |  |  | Less intra- segment Sales |  |  | Less inter-segment sales |  |  | Net sales to outside customers |
|  |  | EE&P |  |  | C/S |  |  | CP |  |  | Corp. (a) |  |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 24,561 |  |  | $ | (577 | ) |  | $ | — |  |  | $ | (476 | ) |  | $ |  |  |  | $ | — |  |  | $ | 23,508 |
Netherlands |  |  | 8,280 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8,280 |
China |  |  | 2,022 |  |  |  | (965 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,057 |
Canada |  |  | 1,376 |  |  |  | (661 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 715 |
Subtotal |  |  | 36,239 |  |  |  | (2,203 | ) |  |  | — |  |  |  | (476 | ) |  |  | — |  |  |  | — |  |  |  | 33,560 |
Contracting / Services |  |  | 5,230 |  |  |  | (163 | ) |  |  | (91 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,976 |
Component Parts |  |  | 6,099 |  |  |  | (111 | ) |  |  | (2 | ) |  |  | (212 | ) |  |  | — |  |  |  | — |  |  |  | 5,774 |
Corporate and other (a) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 123 |  |  |  | 123 |
Net sales |  | $ | 47,568 |  |  | $ | (2,477 | ) |  | $ | (93 | ) |  | $ | (688 | ) |  | $ | — |  |  | $ | 123 |  |  | $ | 44,433 |
|  | Three months ended June 30, 2012 |
(dollars in thousands) |  | Total sales |  |  | Less intra- segment sales |  |  | Less inter-segment sales |  |  | Net sales to outside customers |
|  |  | EE&P |  |  | C/S |  |  | CP |  |  | Corp. (a) |  |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 19,506 |  |  | $ | (106 | ) |  | $ | — |  |  | $ | (45 | ) |  | $ | — |  |  | $ | — |  |  | $ | 19,355 |
China |  |  | 1,614 |  |  |  | (832 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 782 |
Canada |  |  | 2,015 |  |  |  | 73 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,088 |
Brazil |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Subtotal |  |  | 23,135 |  |  |  | (865 | ) |  |  | — |  |  |  | (45 | ) |  |  | — |  |  |  | — |  |  |  | 22,225 |
Contracting / Services |  |  | 6,866 |  |  |  | (14 | ) |  |  | (106 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,746 |
Component Parts |  |  | 5,832 |  |  |  | (69 | ) |  |  | (13 | ) |  |  | (216 | ) |  |  | — |  |  |  | — |  |  |  | 5,534 |
Corporate and other (a) |  |  | (5 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 92 |  |  |  | 87 |
Net sales |  | $ | 35,828 |  |  | $ | (948 | ) |  | $ | (119 | ) |  | $ | (261 | ) |  | $ | — |  |  | $ | 92 |  |  | $ | 34,592 |
|  | Six months ended June 30, 2013 |
(dollars in thousands) |  | Total sales |  |  | Less intra- segment Sales |  |  | Less inter-segment sales |  |  | Net sales to outside customers |
|  |  | EE&P |  |  | C/S |  |  | CP |  |  | Corp. (a) |  |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 43,954 |  |  | $ | (775 | ) |  | $ | — |  |  | $ | (476 | ) |  | $ | — |  |  | $ | — |  |  | $ | 42,703 |
Netherlands |  |  | 10,394 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,394 |
China |  |  | 3,976 |  |  |  | (965 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,011 |
Canada |  |  | 3,133 |  |  |  | (671 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,462 |
Subtotal |  |  | 61,457 |  |  |  | (2,411 | ) |  |  | — |  |  |  | (476 | ) |  |  | — |  |  |  | — |  |  |  | 58,570 |
Contracting / Services |  |  | 10,365 |  |  |  | (207 | ) |  |  | (1,063 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,095 |
Component Parts |  |  | 11,531 |  |  |  | (270 | ) |  |  | (13 | ) |  |  | (415 | ) |  |  | — |  |  |  | — |  |  |  | 10,833 |
Corporate and other (a) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 296 |  |  |  | 296 |
Net sales |  | $ | 83,353 |  |  | $ | (2,888 | ) |  | $ | (1,076 | ) |  | $ | (891 | ) |  | $ | — |  |  | $ | 296 |  |  | $ | 78,794 |
|  | Six months ended June 30, 2012 |
(dollars in thousands) |  | Total sales |  |  | Less intra- segment sales |  |  | Less inter-segment sales |  |  | Net sales to outside customers |
|  |  | EE&P |  |  | C/S |  |  | CP |  |  | Corp. (a) |  |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 38,427 |  |  | $ | (353 | ) |  | $ | — |  |  | $ | (610 | ) |  | $ | — |  |  | $ | — |  |  | $ | 37,464 |
China |  |  | 3,057 |  |  |  | (1,555 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,502 |
Canada |  |  | 3,955 |  |  |  | 73 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,028 |
Brazil |  |  | 121 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 121 |
Subtotal |  |  | 45,560 |  |  |  | (1,835 | ) |  |  | — |  |  |  | (610 | ) |  |  | — |  |  |  | — |  |  |  | 43,115 |
Contracting / Services |  |  | 14,411 |  |  |  | (48 | ) |  |  | (535 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 13,828 |
Component Parts |  |  | 11,280 |  |  |  | (147 | ) |  |  | (18 | ) |  |  | (499 | ) |  |  | — |  |  |  | — |  |  |  | 10,616 |
Corporate and other (a) |  |  | 19 |  |  |  | — |  |  |  | — |  |  |  | (10 | ) |  |  | — |  |  |  | 50 |  |  |  | 59 |
Net sales |  | $ | 71,270 |  |  | $ | (2,030 | ) |  | $ | (553 | ) |  | $ | (1,119 | ) |  | $ | — |  |  | $ | 50 |  |  | $ | 67,618 |
(a) | Includes adjustment for revenue on intercompany jobs.

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