XML 104 R26.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Business Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2013
Segment Reporting [Abstract] |
Business Segment Information | 17. 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 Consolidated Statements of Income. The accounting policies of the segments are the same as those in the consolidated financial statements. Except for the information reported on a segment basis, the Company does not accumulate net sales information by product or service and therefore, the Company does not disclose net sales by product or service because to do so would be impractical. The Company’s reportable segments are however organized as groups of similar products and services. Engineered Equipment Technology and Parts Group (“EET&P Group”) Our EET&P Group, located in the United States as well as the Netherlands, Canada, Brazil, China, and India, is comprised of Effox-Flextor, Aarding, AVC, CECO Abatement, Adwest, CECO Filter, Busch International, FKI and Buell. Our services eliminate toxic emission fumes and volatile organic compounds from large-scale industrial processes. Global industries served include refining, petrochemical, traditional power, natural gas power, aluminum, steel, automotive, chemical, and the largest industrial facilities. Met-Pro Group (“MP Group”) Our MP Group is comprised of our recent acquisition of Met-Pro, a global provider of a wide range of products and services for industrial, commercial, municipal and residential markets. These include product recovery and pollution control technologies for purification of air and liquids; fluid handling technologies for corrosive, abrasive and high temperature liquids; and filtration and purification technologies, which include proprietary water treatment chemicals and filter products for air and liquid filtration. The MP Group includes Met-Pro’s three main business areas: Product Recovery/Pollution Control Technologies, Fluid Handling Technologies, and Filtration/Purification Technologies, each of which is comprised of a variety of business units and brands. Contracting/Services Group (“C/S Group”) Our C/S 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 Group”) Our CP Group markets component parts for industrial air systems to contractors, distributors and dealers throughout the United States of America.
|  | 2013 |  |  | 2012 |
Net Sales (less intra-, inter-segment sales) |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts Group |  |  |  |  |  |  |  |
United States |  | $ | 88,170 |  |  | $ | 75,824 |
Netherlands |  |  | 25,588 |  |  |  | — |
China |  |  | 7,763 |  |  |  | 4,905 |
Canada |  |  | 3,557 |  |  |  | 7,611 |
Brazil |  |  | 170 |  |  |  | 121 |
India |  |  | — |  |  |  | 218 |
Subtotal |  |  | 125,248 |  |  |  | 88,679 |
Met-Pro Group |  |  | 30,526 |  |  |  | — |
Contracting / Services Group |  |  | 19,500 |  |  |  | 25,527 |
Component Parts Group |  |  | 21,908 |  |  |  | 20,771 |
Corporate |  |  | 135 |  |  |  | 75 |
Net sales |  | $ | 197,317 |  |  | $ | 135,052 |
|  | 2013 |  |  | 2012 |
Income (Loss) from Operations |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts Group (a) |  | $ | 18,652 |  |  | $ | 15,562 |
Met-Pro (a) |  |  | 1,383 |  |  |  | — |
Contracting / Services Group (a) |  |  | 2,008 |  |  |  | 3,461 |
Component Parts Group (a) |  |  | 4,172 |  |  |  | 4,198 |
Corporate (a) (b) |  |  | (17,754 | ) |  |  | (6,474 | )
Eliminations |  |  | (1,473 | ) |  |  | (64 | )
Income from operations |  | $ | 6,972 |  |  | $ | 16,683 |
(a) | The amounts presented above at the reportable business segment level include operating income (loss), as applicable. See following tables in this Note 17 under “Intra-segment and Inter-segment Revenues.”
(b) | Includes corporate compensation, professional services, information technology, acquisition and integration expenses, and other general and administrative corporate expenses.
|  | December 31, |
|  | 2013 |  |  | 2012 |
Property and Equipment Additions |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts Group |  | $ | 522 |  |  | $ | 113 |
Met-Pro |  |  | 680 |  |  |  | — |
Contracting / Services Group |  |  | 30 |  |  |  | 61 |
Component Parts Group |  |  | 141 |  |  |  | 77 |
Corporate |  |  | 4 |  |  |  | 22 |
Property and equipment additions |  | $ | 1,377 |  |  | $ | 273 |
|  | 2013 |  |  | 2012 |
Depreciation and Amortization |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts Group |  | $ | 2,753 |  |  | $ | 623 |
Met-Pro Group |  |  | 3,365 |  |  |  | — |
Contracting / Services Group |  |  | 210 |  |  |  | 221 |
Component Parts Group |  |  | 188 |  |  |  | 193 |
Corporate |  |  | 131 |  |  |  | 213 |
Depreciation and amortization |  | $ | 6,647 |  |  | $ | 1,250 |
|  | December 31, |
|  | 2013 |  |  | 2012 |
Identifiable Assets |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts Group |  | $ | 116,647 |  |  | $ | 60,516 |
Met-Pro Group |  |  | 217,695 |  |  |  | — |
Contracting / Services Group |  |  | 7,026 |  |  |  | 8,055 |
Component Parts Group |  |  | 5,946 |  |  |  | 5,573 |
Corporate (c) |  |  | 1,222 |  |  |  | 19,960 |
Identifiable assets |  | $ | 348,536 |  |  | $ | 94,104 |
(c) | Includes primarily consists of cash, income tax related assets, and intercompany note receivable.
|  | December 31, |
|  | 2013 |  |  | 2012 |
Goodwill |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts Group |  | $ | 27,336 |  |  | $ | 19,548 |
Met-Pro Group |  |  | 104,884 |  |  |  | — |
Identifiable assets (e) |  | $ | 132,220 |  |  | $ | 19,548 |
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, 2013 |
|  | total sales |  |  | less intra-segment sales |  |  | less inter-segment sales |  |  | net sales to outside customers |
|  |  |  | EET&P |  |  | MP |  |  | C/S |  |  | CP |  |  | Corp. (a) |  |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts Group |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 90,509 |  |  | $ | (1,406 | ) |  | $ | — |  |  | $ | (248 | ) |  | $ | (685 | ) |  | $ | — |  |  | $ | — |  |  | $ | 88,170 |
Netherlands |  |  | 25,927 |  |  |  | (339 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 25,588 |
China |  |  | 9,530 |  |  |  | (1,767 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,763 |
Canada |  |  | 5,160 |  |  |  | (1,603 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,557 |
Brazil |  |  | 170 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 170 |
Subtotal |  |  | 131,296 |  |  |  | (5,115 | ) |  |  | — |  |  |  | (248 | ) |  |  | (685 | ) |  |  | — |  |  |  | — |  |  |  | 125,248 |
Met-Pro Group |  |  | 31,669 |  |  |  | (1,143 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  |  |  |  |  | 30,526 |
Contracting / Services Group |  |  | 21,835 |  |  |  | (464 | ) |  |  | (1785 | ) |  |  | (4 | ) |  |  | — |  |  |  | (82 | ) |  |  |  |  |  |  | 19,500 |
Component Parts Group |  |  | 23,253 |  |  |  | (523 | ) |  |  | (21 | ) |  |  | (2 | ) |  |  | (799 | ) |  |  | — |  |  |  | — |  |  |  | 21,908 |
Corporate and other (a) |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 135 |  |  |  | 135 |
Net sales |  | $ | 208,053 |  |  | $ | (7,245 | ) |  | $ | (1,806 | ) |  | $ | (254 | ) |  | $ | (1,484 | ) |  | $ | (82 | ) |  | $ | 135 |  |  | $ | 197,317 |
(a) | Includes adjustment for revenue on intercompany jobs.
|  |  |  |  | Year Ended December 31, 2012 |
|  | total sales |  |  | less intra-segment sales |  |  | less inter-segment sales |  |  | net sales to outside customers |
|  |  |  | EET&P |  |  | C/S |  |  | CP |  |  | Corp. (a) |  |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Engineered Equipment Technology and Parts Group |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 77,447 |  |  | $ | (829 | ) |  | $ | — |  |  | $ | (794 | ) |  | $ | — |  |  | $ | — |  |  | $ | 75,824 |
Canada |  |  | 7,548 |  |  |  | 63 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,611 |
China |  |  | 6,967 |  |  |  | (2,062 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,905 |
Brazil |  |  | 121 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 121 |
India |  |  | 218 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 218 |
Subtotal |  |  | 92,301 |  |  |  | (2,828 | ) |  |  | — |  |  |  | (794 | ) |  |  | — |  |  |  | — |  |  |  | 88,679 |
Contracting / Services Group |  |  | 27,852 |  |  |  | (83 | ) |  |  | (2,242 | ) |  |  | — |  |  |  | — |  |  |  |  |  |  |  | 25,527 |
Component Parts Group |  |  | 22,084 |  |  |  | (366 | ) |  |  | (27 | ) |  |  | (920 | ) |  |  | — |  |  |  | — |  |  |  | 20,771 |
Corporate and other (a) |  |  | 19 |  |  |  | — |  |  |  |  |  |  |  | (10 | ) |  |  | — |  |  |  | 66 |  |  |  | 75 |
Net sales |  | $ | 142,256 |  |  | $ | (3,277 | ) |  | $ | (2,269 | ) |  | $ | (1,724 | ) |  | $ | — |  |  | $ | 66 |  |  | $ | 135,052 |
(a) | Includes adjustment for revenue on intercompany jobs.

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration