Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Net Sales and Income from Operation by Business Segment

The financial segment information is presented in the following table:


	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015			2014
Net Sales (less intra-, inter-segment sales)
Air Pollution Control Segment	$	41,798	$	32,939	$	83,514		$	59,687
Energy Segment		27,303		16,835		51,652			32,116
Fluid Handling and Filtration Segment		17,745		16,650		32,939			32,145
Corporate and Other⁽¹⁾		115		217		(159	)		(137	)

Net sales	$	86,961	$	66,641	$	167,946		$	123,811

(1)	Includes adjustment for revenue on intercompany jobs.


	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Income from Operations
Air Pollution Control Segment	$	5,140		$	4,876		$	9,158		$	8,742
Energy Segment		215			1,596			635			3,983
Fluid Handling and Filtration Segment		4,431			3,069			7,387			5,740
Corporate and Other⁽²⁾		(5,074	)		(2,221	)		(8,891	)		(4,956	)
Eliminations		(224	)		(132	)		(822	)		(829	)

Income from operations	$	4,488		$	7,188		$	7,467		$	12,680

(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 June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Property and Equipment Additions
Air Pollution Control Segment	$	17	$	132	$	81	$	268
Energy Segment		139		33		179		67
Fluid Handling and Filtration Segment		63		119		68		333
Corporate and Other		3		12		13		43

Property and equipment additions	$	222	$	296	$	341	$	711


	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Depreciation and Amortization
Air Pollution Control Segment	$	1,104	$	383	$	2,257	$	778
Energy Segment		760		564		1,431		1,219
Fluid Handling and Filtration Segment		1,590		1,637		3,186		3,325
Corporate and Other		37		35		69		67

Depreciation and Amortization	$	3,491	$	2,619	$	6,943	$	5,389


	June 30, 2015		December 31, 2014
Identifiable Assets
Air Pollution Control Segment	$	132,457	$	133,899
Energy Segment		101,372		91,850
Fluid Handling and Filtration Segment		170,413		172,779
Corporate and Other⁽³⁾		12,499		15,837

Identifiable Assets	$	416,741	$	414,365

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

Goodwill


	June 30, 2015		December 31, 2014
Goodwill
Air Pollution Control Segment	$	55,033	$	53,538
Energy Segment		17,060		16,778
Fluid Handling and Filtration Segment		97,231		97,231

Goodwill	$	169,324	$	167,547

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, 2015
						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	$	43,833	$	(1,476	)	$	—		$	(559	)	$	—	$	—	$	41,798
Energy Segment		29,445		(1,560	)		(582	)		—			—		—		27,303
Fluid Handling and Filtration Segment		18,459		(699	)		(15	)		—			—		—		17,745
Corporate and Other⁽⁴⁾		—		—			—			—			—		115		115

Net Sales	$	91,737	$	(3,735	)	$	(597	)	$	(559	)	$	—	$	115	$	86,961


	Three Months Ended June 30, 2014
						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	$	35,576	$	(2,461	)	$	—		$	(15	)	$	(161	)	$	—		$	32,939
Energy Segment		18,120		(1,284	)		(1	)		—			—			—			16,835
Fluid Handling and Filtration Segment		17,095		(402	)		(43	)		—			—			—			16,650
Corporate and Other⁽⁴⁾		—		—			—			—			—			217			217

Net Sales	$	70,791	$	(4,147	)	$	(44	)	$	(15	)	$	(161	)	$	217		$	66,641


	Six Months Ended June 30, 2015
						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	$	87,390	$	(3,283	)	$	—		$	(593	)	$	—		$	—		$	83,514
Energy Segment		54,526		(2,255	)		(619	)		—			—			—			51,652
Fluid Handling and Filtration Segment		34,193		(1,151	)		(103	)		—			—			—			32,939
Corporate and Other⁽⁴⁾		—		—			—			—			—			(159	)		(159	)

Net Sales	$	176,109	$	(6,689	)	$	(722	)	$	(593	)	$	—		$	(159	)	$	167,946


	Six Months Ended June 30, 2014
						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	$	63,660	$	(3,490	)	$	—		$	(322	)	$	(161	)	$	—		$	59,687
Energy Segment		34,310		(2,193	)		(1	)		—			—			—			32,116
Fluid Handling and Filtration Segment		32,935		(747	)		(43	)		—			—			—			32,145
Corporate and Other⁽⁴⁾		—		—			—			—			—			(137	)		(137	)

Net Sales	$	130,905	$	(6,430	)	$	(44	)	$	(322	)	$	(161	)	$	(137	)	$	123,811

⁽⁴⁾	Includes adjustment for revenue on intercompany jobs.