Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2014

Net Sales and Operating Income (Loss) by Business Segment

The financial segment information is presented in the following table:


	Three months ended March 31,
	2014			2013
Net Sales (less intra-, inter-segment sales)
Air Pollution Control Segment	$	26,748		$	20,520
Energy Segment		15,281			12,023
Fluid Handling Filtration Segment		15,495			1,645
Corporate and Other⁽¹⁾		(354	)		173

Net sales	$	57,170		$	34,361

⁽¹⁾	Includes adjustment for revenue on intercompany jobs.


	Three months ended March 31,
	2014			2013
Income from Operations
Air Pollution Control Segment	$	3,866		$	3,311
Energy Segment		2,387			2,278
Fluid Handling Filtration Segment		2,671			182
Corporate and Other⁽²⁾		(2,735	)		(2,463	)
Eliminations		(697	)		30

Net operating income	$	5,492		$	3,338

⁽²⁾	Includes corporate compensation, professional services, information technology, acquisition and integration expenses, and other general and administrative corporate expenses.

Property and Equipment Additions, Depreciation and Amortization and Identifiable Assets


	Three months ended March 31,
	2014		2013
Property and Equipment Additions
Air Pollution Control Segment	$	136	$	52
Energy Segment		34		1
Fluid Handling Filtration Segment		214		0
Corporate and Other		31		0

Property and equipment additions	$	415	$	53


	Three months ended March 31,
	2014		2013
Depreciation and Amortization
Air Pollution Control Segment	$	395	$	255
Energy Segment		655		118
Fluid Handling Filtration Segment		1,688		8
Corporate and Other		32		33

Depreciation and Amortization	$	2,770	$	414


	March 31, 2014		December 31, 2013
Identifiable Assets
Air Pollution Control Segment	$	76,328	$	74,556
Energy Segment		65,243		76,960
Fluid Handling Filtration Segment		179,088		185,646
Corporate and Other⁽³⁾		15,148		11,374

Identifiable Assets	$	335,807	$	348,536

⁽³⁾	Corporate assets primarily consist of cash and income tax related assets.

Goodwill


	March 31, 2014		December 31, 2013
Goodwill
Air Pollution Control Segment	$	21,890	$	21,690
Energy Segment		14,870		14,962
Fluid Handling Filtration Segment		96,536		95,568
Corporate and Other		0		0

Goodwill	$	133,296	$	132,220

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, 2014
(In Thousands)						Less Inter-Segment Sales
	Total Sales		Intra- Segment Sales			APC		Energy			FHF		Corp and Other			Net Sales to Outside Customers
Net Sales
Air Pollution Control Segment	$	28,084	$	(1,029	)	$	—	$	(307	)	$	—	$	—		$	26,748
Energy Segment		16,190		(909	)		—		—			—		—			15,281
Fluid Handling Filtration Segment		15,840		(345	)		—		—			—		—			15,495
Corporate and Other		—		—			—		—			—		(354	)		(354	)

Net Sales	$	60,114	$	(2,283	)	$	—	$	(307	)	$	—	$	(354	)	$	57,170


	Three Months Ended March 31, 2013
(In Thousands)						Less Inter-Segment Sales
	Total Sales		Intra- Segment Sales			APC			Energy			FHF			Corp and Other		Net Sales to Outside Customers
Net Sales
Air Pollution Control Segment	$	22,086	$	(1,156	)	$	—		$	(16	)	$	(394	)	$	—	$	20,520
Energy Segment		12,054		(29	)		(2	)		—			—			—		12,023
Fluid Handling Filtration Segment		1,645		—			—			—			—			—		1,645
Corporate and Other		—		—			—			—			—			173		173

Net Sales	$	35,785	$	(1,185	)	$	(2	)	$	(16	)	$	(394	)	$	173	$	34,361

- 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.

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