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Note 9 - Business Segment Information

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note

9

– Business Segment Information

The Company operates in

one

bus

iness segment comprising the design, manufacture and sale of pumps and pump systems. The Company’s products are used in water, wastewater, construction, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilation and air conditioning (HVAC), military and other liquid-handling applications.

The pumps and pump systems are marketed in the United States and worldwide through a

broad network of distributors, through manufacturers’ representatives (for sales to many original equipment manufacturers), through

third

-party distributor catalogs, and by direct sales. International sales are made primarily through foreign distributors and representatives.

The Company sells to

approximately

150

countries around the world. The components of customer sales, determined based on the location of customers are:

		201 7				%				201 6				%				201 5				%
United States		$	241,746				64			$	250,872				66			$	269,628				66
Foreign countries			137,643				36				131,199				34				136,522				34
Total		$	379,389				100			$	382,071				100			$	406,150				100

Net sales from external customers by product category are:

		201 7				201 6				201 5
Pumps and pump systems		$	322,201			$	328,973			$	352,652
Repairs of pumps and pump systems and other			57,188				53,098				53,498
Total		$	379,389			$	382,071			$	406,150

As of

December

 

31,

2017

and

2016,

89%

and

92%

of the Company’s long-lived assets were located in the United States, respectively.

X

- References

No definition available.

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X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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