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Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2016
Segment Reporting [Abstract] |
Net Sales and Income from Operation by Business Segment | The financial segment information is presented in the following tables:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(dollars in thousands) |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Net Sales (less intra-, inter-segment sales) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Environmental Segment |  | $ | 36,606 |  |  | $ | 40,644 |  |  | $ | 119,939 |  |  | $ | 124,158 |
Energy Segment |  |  | 50,259 |  |  |  | 40,014 |  |  |  | 151,058 |  |  |  | 91,666 |
Fluid Handling and Filtration Segment |  |  | 14,866 |  |  |  | 17,136 |  |  |  | 46,874 |  |  |  | 50,075 |
Corporate and Other(1) |  |  | (135 | ) |  |  | 436 |  |  |  | (842 | ) |  |  | 277 |
Net sales |  | $ | 101,596 |  |  | $ | 98,230 |  |  | $ | 317,029 |  |  | $ | 266,176 |
(1) | Includes adjustment for revenue on intercompany jobs.
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(dollars in thousands) |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Income (loss) from Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Environmental Segment |  | $ | 5,459 |  |  | $ | 5,225 |  |  | $ | 16,324 |  |  | $ | 14,383 |
Energy Segment |  |  | 8,502 |  |  |  | (1,082 | ) |  |  | 20,065 |  |  |  | (447 | )
Fluid Handling and Filtration Segment |  |  | 3,109 |  |  |  | 4,011 |  |  |  | 9,507 |  |  |  | 11,398 |
Corporate and Other(2) |  |  | (6,520 | ) |  |  | (11,170 | ) |  |  | (20,058 | ) |  |  | (20,061 | )
Eliminations |  |  | (51 | ) |  |  | 822 |  |  |  | (971 | ) |  |  | - |
Income (loss) from operations |  | $ | 10,499 |  |  | $ | (2,194 | ) |  | $ | 24,867 |  |  | $ | 5,273 |
(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 September 30, |  |  | Nine Months Ended September 30, |
(dollars in thousands) |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Property and Equipment Additions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Environmental Segment |  | $ | 4 |  |  | $ | 49 |  |  | $ | 232 |  |  | $ | 130 |
Energy Segment |  |  | 225 |  |  |  | 66 |  |  |  | 529 |  |  |  | 245 |
Fluid Handling and Filtration Segment(3) |  |  | 1,118 |  |  |  | 65 |  |  |  | 4,428 |  |  |  | 133 |
Corporate and Other |  |  | 1 |  |  |  | 5 |  |  |  | 7 |  |  |  | 18 |
Property and equipment additions |  | $ | 1,348 |  |  | $ | 185 |  |  | $ | 5,196 |  |  | $ | 526 |
(3) | Includes non-cash additions of $1,089 and $4,385 for property, plant, and equipment acquired under capital leases during the three months ended September 30, 2016 and nine months ended September 30, 2016, respectively. See Note 15 for further detail.
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(dollars in thousands) |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Environmental Segment |  | $ | 994 |  |  | $ | 1,092 |  |  | $ | 2,868 |  |  | $ | 3,349 |
Energy Segment |  |  | 2,341 |  |  |  | 1,526 |  |  |  | 8,082 |  |  |  | 2,957 |
Fluid Handling and Filtration Segment |  |  | 1,321 |  |  |  | 1,586 |  |  |  | 3,969 |  |  |  | 4,772 |
Corporate and Other |  |  | 33 |  |  |  | 70 |  |  |  | 98 |  |  |  | 139 |
Depreciation and Amortization |  | $ | 4,689 |  |  | $ | 4,274 |  |  | $ | 15,017 |  |  | $ | 11,217 |
(dollars in thousands) |  | September 30, 2016 |  |  | December 31, 2015 |
Identifiable Assets |  |  |  |  |  |  |  |
Environmental Segment |  | $ | 122,350 |  |  | $ | 135,171 |
Energy Segment |  |  | 263,059 |  |  |  | 283,002 |
Fluid Handling and Filtration Segment |  |  | 155,143 |  |  |  | 161,394 |
Corporate and Other(4) |  |  | 21,406 |  |  |  | 19,252 |
Identifiable Assets |  | $ | 561,958 |  |  | $ | 598,819 |
(4) | Corporate assets primarily consist of cash and income tax related assets.
Goodwill |
(dollars in thousands) |  | September 30, 2016 |  |  | December 31, 2015 |
Goodwill |  |  |  |  |  |  |  |
Environmental Segment |  | $ | 55,031 |  |  | $ | 55,031 |
Energy Segment |  |  | 76,443 |  |  |  | 72,075 |
Fluid Handling and Filtration Segment |  |  | 93,057 |  |  |  | 93,057 |
Goodwill |  | $ | 224,531 |  |  | $ | 220,163 |
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, 2016 |
|  |  |  |  |  |  |  |  |  | Less Inter-Segment Sales |  |  |  |  |
(dollars in thousands) |  | Total Sales |  |  | Intra- Segment Sales |  |  | Environmental |  |  | Energy |  |  | FHF |  |  | Corp and Other |  |  | Net Sales to Outside Customers |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Environmental Segment |  | $ | 38,454 |  |  | $ | (941 | ) |  | $ | — |  |  | $ | (878 | ) |  | $ | (29 | ) |  | $ | — |  |  | $ | 36,606 |
Energy Segment |  |  | 51,155 |  |  |  | (874 | ) |  |  | (22 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 50,259 |
Fluid Handling and Filtration Segment |  |  | 15,451 |  |  |  | (313 | ) |  |  | (88 | ) |  |  | (184 | ) |  |  | — |  |  |  | — |  |  |  | 14,866 |
Corporate and Other(5) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (135 | ) |  |  | (135 | )
Net Sales |  | $ | 105,060 |  |  | $ | (2,128 | ) |  | $ | (110 | ) |  | $ | (1,062 | ) |  | $ | (29 | ) |  | $ | (135 | ) |  | $ | 101,596 |
|  | Three Months Ended September 30, 2015 |
|  |  |  |  |  |  |  |  |  | Less Inter-Segment Sales |  |  |  |  |
(dollars in thousands) |  | Total Sales |  |  | Intra- Segment Sales |  |  | Environmental |  |  | Energy |  |  | FHF |  |  | Corp and Other |  |  | Net Sales to Outside Customers |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Environmental Segment |  | $ | 42,925 |  |  | $ | (1,928 | ) |  | $ | — |  |  | $ | (345 | ) |  | $ | (8 | ) |  | $ | — |  |  | $ | 40,644 |
Energy Segment |  |  | 41,511 |  |  |  | (1,490 | ) |  |  | (7 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 40,014 |
Fluid Handling and Filtration Segment |  |  | 17,654 |  |  |  | (424 | ) |  |  | (94 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17,136 |
Corporate and Other(5) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 436 |  |  |  | 436 |
Net Sales |  | $ | 102,090 |  |  | $ | (3,842 | ) |  | $ | (101 | ) |  | $ | (345 | ) |  | $ | (8 | ) |  | $ | 436 |  |  | $ | 98,230 |
|  | Nine Months Ended September 30, 2016 |
|  |  |  |  |  |  |  |  |  | Less Inter-Segment Sales |  |  |  |  |
(dollars in thousands) |  | Total Sales |  |  | Intra- Segment Sales |  |  | Environmental |  |  | Energy |  |  | FHF |  |  | Corp and Other |  |  | Net Sales to Outside Customers |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Environmental Segment |  | $ | 126,029 |  |  | $ | (3,539 | ) |  | $ | — |  |  | $ | (2,345 | ) |  | $ | (206 | ) |  | $ | — |  |  | $ | 119,939 |
Energy Segment |  |  | 153,476 |  |  |  | (2,019 | ) |  |  | (399 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 151,058 |
Fluid Handling and Filtration Segment |  |  | 48,508 |  |  |  | (1,168 | ) |  |  | (282 | ) |  |  | (184 | ) |  |  | — |  |  |  | — |  |  |  | 46,874 |
Corporate and Other(5) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (842 | ) |  |  | (842 | )
Net Sales |  | $ | 328,013 |  |  | $ | (6,726 | ) |  | $ | (681 | ) |  | $ | (2,529 | ) |  | $ | (206 | ) |  | $ | (842 | ) |  | $ | 317,029 |
|  | Nine Months Ended September 30, 2015 |
|  |  |  |  |  |  |  |  |  | Less Inter-Segment Sales |  |  |  |  |
(dollars in thousands) |  | Total Sales |  |  | Intra- Segment Sales |  |  | Environmental |  |  | Energy |  |  | FHF |  |  | Corp and Other |  |  | Net Sales to Outside Customers |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Environmental Segment |  | $ | 130,315 |  |  | $ | (5,211 | ) |  | $ | — |  |  | $ | (938 | ) |  | $ | (8 | ) |  | $ | — |  |  | $ | 124,158 |
Energy Segment |  |  | 96,037 |  |  |  | (3,745 | ) |  |  | (626 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 91,666 |
Fluid Handling and Filtration Segment |  |  | 51,847 |  |  |  | (1,575 | ) |  |  | (197 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 50,075 |
Corporate and Other(5) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 277 |  |  |  | 277 |
Net Sales |  | $ | 278,199 |  |  | $ | (10,531 | ) |  | $ | (823 | ) |  | $ | (938 | ) |  | $ | (8 | ) |  | $ | 277 |  |  | $ | 266,176 |
(5) | Includes adjustment for revenue on intercompany jobs.

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