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Note 11 - Business Segment Information

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 11 – Business Segment Information

The Company operates in one business 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 130 countries around the world. The following tables disaggregate total net sales by major product category and geographic location:

		Product Category
		2020				2019				2018
Pumps and pump systems		$	300,906			$	341,304			$	357,882
Repair parts for pumps and pump systems and other			48,061				56,875				56,452
Total net sales		$	348,967			$	398,179			$	414,334

		Geographic Location
		2020				2019				2018
United States		$	246,913			$	275,290			$	271,820
Foreign countries			102,054				122,889				142,514
Total net sales		$	348,967			$	398,179			$	414,334

As of December 31, 2020 and 2019, 86% and 87% respectively, of the Company’s long-lived assets were located in the United States.

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- 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.

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