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Segment Reporting
 12 Months Ended
Dec. 31, 2011
Segment Reporting [Abstract]  
Segment Reporting

Note 19 — Segment Reporting

The Company has two operating segments: MRO and OEM. The Company’s MRO segment is a distributor of products and services to the industrial, commercial, institutional, and governmental maintenance repair and operations marketplace. The Company’s OEM segment manufactures, sells and distributes production and specialized component parts to the original equipment marketplace. The Company’s two reportable segments are distinguished by the nature of products distributed and sold, types of customers and manner of servicing them. The Company evaluates performance and allocates resources to reportable segments primarily based on operating income. The accounting policies of the segments are the same as those described in Note 2 – Significant Accounting Policies.

Financial information for the Company’s reportable segments from continuing operations consisted of the following:

 

      September 30,       September 30,       September 30,  
     (Dollars in thousands)
Year Ended December 31,		  
     2011     2010     2009  

Net sales

                        

MRO

   $ 300,399     $ 303,138     $ 289,715  

OEM

     14,560       13,642       12,054  
   

 

 

    

 

 

    

 

 

  

Consolidated total

   $ 314,959     $ 316,780     $ 301,769  
   

 

 

    

 

 

    

 

 

  
       

Operating income (loss)

                        

MRO

   $ (2,466 )    $ 14,522     $ 9,256  

OEM

     952       283       (1,118 ) 

Severance expenses

     (1,614 )      (3,629 )      (6,228 ) 

Gain (loss) on sale of assets

     (22 )      1,701       (16 ) 

Other operating income (expense)

     (2,346 )      4,050       (481 ) 
   

 

 

    

 

 

    

 

 

  

Consolidated total

     (5,496 )      16,927       1,413  
       

Interest expense

     (681 )      (391 )      (1,037 ) 

Other income, net

     101       160       1,029  
   

 

 

    

 

 

    

 

 

  

Income (loss) from continuing operations before income taxes

   $ (6,076 )    $ 16,696     $ 1,405  
   

 

 

    

 

 

    

 

 

  
       

Capital expenditures

                        

MRO

   $ 11,066     $ 10,038     $ 2,008  

OEM

     66       10       713  
   

 

 

    

 

 

    

 

 

  

Consolidated total

   $ 11,132     $ 10,048     $ 2,721  
   

 

 

    

 

 

    

 

 

  
       

Depreciation and amortization

                        

MRO

   $ 5,342     $ 5,900     $ 6,031  

OEM

     362       406       476  
   

 

 

    

 

 

    

 

 

  

Consolidated total

   $ 5,704     $ 6,306     $ 6,507  
   

 

 

    

 

 

    

 

 

  
       

Total assets

                        

MRO

   $ 194,422     $ 210,273     $ 167,394  

OEM

     10,336       9,749       12,428  
   

 

 

    

 

 

    

 

 

  

Segment total

     204,758       220,022       179,822  

Corporate

     17,580       15,743       20,068  

Discontinued operations

     410       619       41,757  
   

 

 

    

 

 

    

 

 

  

Consolidated total

   $ 222,748     $ 236,384     $ 241,647  
   

 

 

    

 

 

    

 

 

  

 

Financial information related to the Company’s continuing operations by geographic area consisted of the following:

 

      September 30,       September 30,       September 30,  
     (Dollars in thousands)
Year Ended December 31,		  
    2011     2010     2009  

Net sales

                        

United States

   $ 285,071     $ 288,054     $ 276,116  

Canada

     29,888       28,726       25,653  
   

 

 

    

 

 

    

 

 

  

Consolidated total

   $ 314,959     $ 316,780     $ 301,769  
   

 

 

    

 

 

    

 

 

  
       

Long-lived assets

                        

United States

   $ 49,353     $ 41,006     $ 36,911  

Canada

     3,349       3,436       3,417  
   

 

 

    

 

 

    

 

 

  

Consolidated total

   $ 52,702     $ 44,442     $ 40,328  
   

 

 

    

 

 

    

 

 

  

Net sales are attributed to countries based on the location of customers. Long-lived assets consist of property, plant and equipment.