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Segment Reporting
 9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Segment Reporting

Note 10 — Segment Reporting

The Company has two reportable 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 following table presents summary financial information for the Company’s reportable segments:

 

                                 
    (Amounts in thousands)  
    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2012     2011     2012     2011  

Net sales

                                

MRO

   $ 67,863     $ 71,490     $ 209,057     $ 231,370  

OEM

     4,121       3,876       13,237       10,729  
   

 

 

    

 

 

    

 

 

    

 

 

  

Consolidated total

   $ 71,984     $ 75,366     $ 222,294     $ 242,099  
   

 

 

    

 

 

    

 

 

    

 

 

  

Operating income (expense)

                                

MRO

   $ (1,710 )    $ (3,422 )    $ (20,993 )    $ 1,634  

OEM

     349       351       1,546       632  

Gain on sale of assets

     11       —         2,133       —    

Goodwill impairment

     —         —         (28,306 )      —    
   

 

 

    

 

 

    

 

 

    

 

 

  

Consolidated total

   $ (1,350 )    $ (3,071 )    $ (45,620 )    $ 2,266  

Other income (expense), net

     23       59       (73 )      138  

Interest expense

     (229 )      (79 )      (453 )      (662 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from continuing operations before income taxes

   $ (1,556 )    $ (3,091 )    $ (46,146 )    $ 1,742  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

The following table presents total assets for the Company’s reportable segments:

 

                 
    (Amounts in thousands)  
    September 30,     December 31,  
    2012     2011  

Total assets

                

MRO

   $ 170,923     $ 194,422  

OEM

     10,893       10,336  
   

 

 

    

 

 

  

Segment total

     181,816       204,758  

Corporate

     40       17,580  

Discontinued operations

     401       410  
   

 

 

    

 

 

  

Consolidated total

   $ 182,257     $ 222,748