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v3.20.4

Business Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Net Sales and Income from Operation by Business Segment |
(table only in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Net Sales (less intra-, inter-segment sales) |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions segment |  | $ | 205,494 |  |  | $ | 210,319 |  |  | $ | 211,185 |
Industrial Solutions segment |  |  | 74,697 |  |  |  | 91,347 |  |  |  | 80,699 |
Fluid Handling Solutions segment |  |  | 35,820 |  |  |  | 40,203 |  |  |  | 45,455 |
Net sales |  | $ | 316,011 |  |  | $ | 341,869 |  |  | $ | 337,339 |
(table only in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Income from Operations |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions segment |  | $ | 34,170 |  |  | $ | 33,886 |  |  | $ | 28,797 |
Industrial Solutions segment |  |  | 2,183 |  |  |  | 5,679 |  |  |  | 6,308 |
Fluid Handling Solutions segment |  |  | 5,037 |  |  |  | 5,558 |  |  |  | 7,730 |
Corporate and Other (1) |  |  | (28,044 | ) |  |  | (27,133 | ) |  |  | (32,833 | )
Income from operations |  | $ | 13,346 |  |  | $ | 17,990 |  |  | $ | 10,002 |
| (1) | Includes corporate compensation, professional services, information technology, acquisition and integration expenses, and other general, administrative corporate expenses and loss on divestitures.
Property and Equipment Additions, Depreciation and Amortization and Identifiable Assets |
(table only in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Property and Equipment Additions |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions segment |  | $ | 550 |  |  | $ | 434 |  |  | $ | 205 |
Industrial Solutions segment |  |  | 371 |  |  |  | 402 |  |  |  | 756 |
Fluid Handling Solutions segment |  |  | 978 |  |  |  | 3,239 |  |  |  | 1,226 |
Corporate and Other |  |  | 2,046 |  |  |  | 1,580 |  |  |  | 903 |
Property and equipment additions |  | $ | 3,945 |  |  | $ | 5,655 |  |  | $ | 3,090 |
(table only in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions segment |  | $ | 4,957 |  |  | $ | 6,084 |  |  | $ | 8,112 |
Industrial Solutions segment |  |  | 1,589 |  |  |  | 1,320 |  |  |  | 1,067 |
Fluid Handling Solutions segment |  |  | 2,610 |  |  |  | 2,795 |  |  |  | 3,517 |
Corporate and Other |  |  | 765 |  |  |  | 410 |  |  |  | 576 |
Depreciation and amortization |  | $ | 9,921 |  |  | $ | 10,609 |  |  | $ | 13,272 |
|  | December 31, |
(table only in thousands) |  | 2020 |  |  | 2019 |
Identifiable Assets |  |  |  |  |  |  |  |
Energy Solutions segment |  | $ | 270,573 |  |  | $ | 254,752 |
Industrial Solutions segment |  |  | 69,465 |  |  |  | 64,725 |
Fluid Handling Solutions segment |  |  | 65,739 |  |  |  | 71,572 |
Corporate and Other (2) |  |  | 13,537 |  |  |  | 17,588 |
Identifiable assets |  | $ | 419,314 |  |  | $ | 408,637 |
| (2) | Corporate assets primarily consist of cash and income tax related assets.
Goodwill |
|  | December 31, |
(table only in thousands) |  | 2020 |  |  | 2019 |
Goodwill |  |  |  |  |  |  |  |
Energy Solutions segment |  | $ | 99,785 |  |  | $ | 97,007 |
Industrial Solutions segment |  |  | 30,458 |  |  |  | 23,436 |
Fluid Handling Solutions segment |  |  | 31,577 |  |  |  | 31,577 |
Goodwill |  | $ | 161,820 |  |  | $ | 152,020 |
Intra-Segment and Inter-Segment Revenues | The Company has divisions that sell to each other within segments (intra-segment sales) and between segments (inter-segment sales) as indicated in the following tables:
|  | Year Ended December 31, 2020 |
|  |  |  |  |  |  |  |  |  | Less Inter-Segment Sales |  |  |
(table only in thousands) |  | Total Sales |  |  | Intra - Segment Sales |  |  | Industrial |  |  | Energy |  |  | Fluid |  |  | Net Sales to Outside Customers |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions segment |  | $ | 218,290 |  |  | $ | (11,333 | ) |  | $ | (725 | ) |  | $ | — |  |  | $ | (738 | ) |  | $ | 205,494 |
Industrial Solutions segment |  |  | 88,694 |  |  |  | (12,749 | ) |  |  | — |  |  |  | (1,232 | ) |  |  | (16 | ) |  |  | 74,697 |
Fluid Handling Solutions segment |  |  | 36,761 |  |  |  | (902 | ) |  |  | (39 | ) |  |  | — |  |  |  | — |  |  |  | 35,820 |
Net Sales |  | $ | 343,745 |  |  | $ | (24,984 | ) |  | $ | (764 | ) |  | $ | (1,232 | ) |  | $ | (754 | ) |  | $ | 316,011 |
|  | Year Ended December 31, 2019 |
|  |  |  |  |  |  |  |  |  | Less Inter-Segment Sales |  |  |
(table only in thousands) |  | Total Sales |  |  | Intra - Segment Sales |  |  | Industrial |  |  | Energy |  |  | Fluid |  |  | Net Sales to Outside Customers |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions segment |  | $ | 217,359 |  |  | $ | (6,650 | ) |  | $ | (390 | ) |  | $ | — |  |  | $ | — |  |  | $ | 210,319 |
Industrial Solutions segment |  |  | 101,369 |  |  |  | (8,278 | ) |  |  | — |  |  |  | (1,677 | ) |  |  | (67 | ) |  |  | 91,347 |
Fluid Handling Solutions segment |  |  | 41,717 |  |  |  | (1,300 | ) |  |  | (214 | ) |  |  | — |  |  |  | — |  |  |  | 40,203 |
Net Sales |  | $ | 360,445 |  |  | $ | (16,228 | ) |  | $ | (604 | ) |  | $ | (1,677 | ) |  | $ | (67 | ) |  | $ | 341,869 |
|  | Year Ended December 31, 2018 |
|  |  |  |  |  |  |  |  |  | Less Inter-Segment Sales |  |  |
(table only in thousands) |  | Total Sales |  |  | Intra - Segment Sales |  |  | Industrial |  |  | Energy |  |  | Fluid |  |  | Net Sales to Outside Customers |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Energy Solutions segment |  | $ | 220,334 |  |  | $ | (7,912 | ) |  | $ | (1,232 | ) |  | $ | — |  |  | $ | (5 | ) |  | $ | 211,185 |
Industrial Solutions segment |  |  | 84,424 |  |  |  | (3,084 | ) |  |  | — |  |  |  | (600 | ) |  |  | (41 | ) |  |  | 80,699 |
Fluid Handling Solutions segment |  |  | 47,561 |  |  |  | (1,483 | ) |  |  | (616 | ) |  |  | (7 | ) |  |  | — |  |  |  | 45,455 |
Net Sales |  | $ | 352,319 |  |  | $ | (12,479 | ) |  | $ | (1,848 | ) |  | $ | (607 | ) |  | $ | (46 | ) |  | $ | 337,339 |

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