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Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2013
Segment Reporting [Abstract] |
Net Sales by Business Segment | Summary of Business by Segment
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(dollars in thousands) |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Net Sales (less intra-, inter-segment sales) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 21,741 |  |  | $ | 18,425 |  |  | $ | 64,444 |  |  | $ | 55,889 |
Netherlands |  |  | 7,510 |  |  |  | — |  |  |  | 17,904 |  |  |  | — |
Canada |  |  | 842 |  |  |  | 1,855 |  |  |  | 3,304 |  |  |  | 5,883 |
China |  |  | 2,553 |  |  |  | 1,787 |  |  |  | 5,564 |  |  |  | 3,289 |
Brazil |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 121 |
India |  |  | — |  |  |  | 173 |  |  |  | — |  |  |  | 173 |
subtotal |  |  | 32,646 |  |  |  | 22,240 |  |  |  | 91,216 |  |  |  | 65,355 |
Met-Pro |  |  | 7,273 |  |  |  | — |  |  |  | 7,273 |  |  |  | — |
Contracting / Services |  |  | 4,412 |  |  |  | 5,644 |  |  |  | 13,507 |  |  |  | 19,472 |
Component Parts |  |  | 5,664 |  |  |  | 5,238 |  |  |  | 16,497 |  |  |  | 15,854 |
Corporate |  |  | (199 | ) |  |  | (20 | ) |  |  | 97 |  |  |  | 39 |
Net sales |  | $ | 49,796 |  |  | $ | 33,102 |  |  | $ | 128,590 |  |  | $ | 100,720 |
Net Operating Income (Loss) by Business Segment |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(dollars in thousands) |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Net Operating (Loss) Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 4,176 |  |  | $ | 3,946 |  |  | $ | 14,209 |  |  | $ | 11,110 |
Met-Pro |  |  | (406 | ) |  |  | — |  |  |  | (406 | ) |  |  | — |
Contracting / Services |  |  | (2,187 | ) |  |  | 836 |  |  |  | (1,268 | ) |  |  | 2,520 |
Component Parts |  |  | 1,028 |  |  |  | 966 |  |  |  | 3,085 |  |  |  | 3,378 |
Corporate and other (a) |  |  | (5,334 | ) |  |  | (1,455 | ) |  |  | (11,485 | ) |  |  | (4,667 | )
Eliminations |  |  | (633 | ) |  |  | (42 | ) |  |  | (846 | ) |  |  | (58 | )
Net operating (loss) income |  | $ | (3,356 | ) |  | $ | 4,251 |  |  | $ | 3,289 |  |  | $ | 12,283 |
(a) | Includes acquisition and integration 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 September 30, |  |  | Nine Months Ended September 30, |
(dollars in thousands) |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Property and Equipment Additions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 251 |  |  | $ | 57 |  |  | $ | 434 |  |  | $ | 109 |
Met-Pro |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Contracting / Services |  |  | 7 |  |  |  | 14 |  |  |  | 28 |  |  |  | 44 |
Component Parts |  |  | 39 |  |  |  | 21 |  |  |  | 71 |  |  |  | 59 |
Corporate |  |  | — |  |  |  | 10 |  |  |  | — |  |  |  | 22 |
Property and equipment additions |  | $ | 297 |  |  | $ | 102 |  |  | $ | 533 |  |  | $ | 234 |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(dollars in thousands) |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 909 |  |  | $ | 146 |  |  | $ | 1,960 |  |  | $ | 445 |
Met-Pro |  |  | 849 |  |  |  | — |  |  |  | 849 |  |  |  | — |
Contracting / Services |  |  | 51 |  |  |  | 53 |  |  |  | 155 |  |  |  | 163 |
Component Parts |  |  | 46 |  |  |  | 48 |  |  |  | 139 |  |  |  | 144 |
Corporate |  |  | 33 |  |  |  | 53 |  |  |  | 98 |  |  |  | 158 |
Depreciation and Amortization |  | $ | 1,888 |  |  | $ | 300 |  |  | $ | 3,201 |  |  | $ | 910 |
(dollars in thousands) |  | September 30, 2013 |  |  | December 31, 2012 |
Identifiable Assets |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 127,653 |  |  | $ | 60,516 |
Met-Pro |  |  | 205,201 |  |  |  | — |
Contracting / Services |  |  | 6,230 |  |  |  | 8,055 |
Component Parts |  |  | 6,037 |  |  |  | 5,573 |
Corporate (b) |  |  | 8,515 |  |  |  | 19,960 |
Identifiable Assets (c) |  | $ | 353,636 |  |  | $ | 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) |  | September 30, 2013 |  |  | December 31, 2012 |
Goodwill |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts |  | $ | 28,122 |  |  | $ | 19,548 |
Met-Pro |  |  | 105,429 |  |  |  | — |
Goodwill |  | $ | 133,551 |  |  | $ | 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 September 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 |  | $ | 22,519 |  |  | $ | (616 | ) |  | $ | — |  |  | $ | (162 | ) |  | $ |  |  |  | $ | — |  |  | $ | 21,741 |
Netherlands |  |  | 7,405 |  |  |  | 105 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,510 |
China |  |  | 2,696 |  |  |  | (143 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,553 |
Canada |  |  | 1,503 |  |  |  | (661 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 842 |
Subtotal |  |  | 34,123 |  |  |  | (1,315 | ) |  |  | — |  |  |  | (162 | ) |  |  | — |  |  |  | — |  |  |  | 32,646 |
Met-Pro |  |  | 7,559 |  |  |  | (286 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,273 |
Contracting / Services |  |  | 5,018 |  |  |  | (205 | ) |  |  | (328 | ) |  |  | — |  |  |  | (73 | ) |  |  | — |  |  |  | 4,412 |
Component Parts |  |  | 5,994 |  |  |  | (135 | ) |  |  | (4 | ) |  |  | (191 | ) |  |  | — |  |  |  | — |  |  |  | 5,664 |
Corporate and other (a) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (199 | ) |  |  | (199 | )
Net sales |  | $ | 52,694 |  |  | $ | (1,941 | ) |  | $ | (332 | ) |  | $ | (353 | ) |  | $ | (73 | ) |  | $ | (199 | ) |  | $ | 49,796 |
|  | Three months ended September 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 |  | $ | 18,775 |  |  | $ | (334 | ) |  | $ | — |  |  | $ | (16 | ) |  | $ | — |  |  | $ | — |  |  | $ | 18,425 |
China |  |  | 2,166 |  |  |  | (379 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,787 |
Canada |  |  | 1,865 |  |  |  | (10 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,855 |
Brazil |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
India |  |  | 173 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 173 |
Subtotal |  |  | 22,979 |  |  |  | (723 | ) |  |  | — |  |  |  | (16 | ) |  |  | — |  |  |  | — |  |  |  | 22,240 |
Contracting / Services |  |  | 6,166 |  |  |  | (20 | ) |  |  | (502 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,644 |
Component Parts |  |  | 5,524 |  |  |  | (89 | ) |  |  | (3 | ) |  |  | (194 | ) |  |  | — |  |  |  | — |  |  |  | 5,238 |
Corporate and other (a) |  |  | 0 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (20 | ) |  |  | (20 | )
Net sales |  | $ | 34,669 |  |  | $ | (832 | ) |  | $ | (505 | ) |  | $ | (210 | ) |  | $ | — |  |  | $ | (20 | ) |  | $ | 33,102 |
|  | Nine months ended September 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 |  | $ | 66,473 |  |  | $ | (1,391 | ) |  | $ | — |  |  | $ | (638 | ) |  | $ | — |  |  | $ | — |  |  | $ | 64,444 |
Netherlands |  |  | 17,799 |  |  |  | 105 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17,904 |
China |  |  | 6,672 |  |  |  | (1,108 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,564 |
Canada |  |  | 4,636 |  |  |  | (1,332 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,304 |
Subtotal |  |  | 95,580 |  |  |  | (3,726 | ) |  |  | — |  |  |  | (638 | ) |  |  | — |  |  |  | — |  |  |  | 91,216 |
Met-Pro |  |  | 7,559 |  |  |  | (286 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,273 |
Contracting / Services |  |  | 15,383 |  |  |  | (412 | ) |  |  | (1,391 | ) |  |  | — |  |  |  | (73 | ) |  |  | — |  |  |  | 13,507 |
Component Parts |  |  | 17,525 |  |  |  | (405 | ) |  |  | (17 | ) |  |  | (606 | ) |  |  | — |  |  |  | — |  |  |  | 16,497 |
Corporate and other (a) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 97 |  |  |  | 97 |
Net sales |  | $ | 136,047 |  |  | $ | (4,829 | ) |  | $ | (1,408 | ) |  | $ | (1,244 | ) |  | $ | (73 | ) |  | $ | 97 |  |  | $ | 128,590 |
|  | Nine months ended September 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 |  | $ | 57,202 |  |  | $ | (687 | ) |  | $ | — |  |  | $ | (626 | ) |  | $ | — |  |  | $ | — |  |  | $ | 55,889 |
China |  |  | 5,223 |  |  |  | (1,934 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,289 |
Canada |  |  | 5,820 |  |  |  | 63 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,883 |
Brazil |  |  | 121 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 121 |
India |  |  | 173 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 173 |
Subtotal |  |  | 68,539 |  |  |  | (2,558 | ) |  |  | — |  |  |  | (626 | ) |  |  | — |  |  |  | — |  |  |  | 65,355 |
Contracting / Services |  |  | 20,577 |  |  |  | (68 | ) |  |  | (1,037 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 19,472 |
Component Parts |  |  | 16,804 |  |  |  | (236 | ) |  |  | (21 | ) |  |  | (693 | ) |  |  | — |  |  |  | — |  |  |  | 15,854 |
Corporate and other (a) |  |  | 19 |  |  |  | — |  |  |  | — |  |  |  | (10 | ) |  |  | — |  |  |  | 30 |  |  |  | 39 |
Net sales |  | $ | 105,939 |  |  | $ | (2,862 | ) |  | $ | (1,058 | ) |  | $ | (1,329 | ) |  | $ | — |  |  | $ | 30 |  |  | $ | 100,720 |
(a) | Includes adjustment for revenue on intercompany jobs.

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