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Segment Information
 12 Months Ended
Dec. 31, 2011
Segment Information [Abstract]  
Segment Information
15. SEGMENT INFORMATION:

The operating segments reported below are based on the nature of the products sold by the Company and are the segments of the Company for which separate financial information is available and for which operating results are regularly evaluated by executive management to make decisions about resources to be allocated to the segment and assess its performance. Management evaluates segment performance based on segment gross profit and operating income.

The Company's Water Transmission segment manufactures and markets large diameter, high-pressure steel pipe used primarily for water transmission. The Company's Water Transmission products are manufactured at one of seven manufacturing facilities located in Portland, Oregon; Denver, Colorado; Adelanto, California; Pleasant Grove, Utah; Parkersburg, West Virginia; Saginaw, Texas; and Monterrey, Mexico. Products are sold primarily to public water agencies either directly or through an installation contractor.

The Company's Tubular Products segment manufactures and markets smaller diameter, ERW steel pipe for use in a wide range of applications, including energy, construction, agricultural, and industrial systems. Tubular Products manufacturing facilities are located in Atchison, Kansas; Houston, Texas; and Bossier City, Louisiana. Tubular Products are marketed through a network of direct sales force personnel and sales agents throughout the United States, Canada and Mexico.

 

Based on the location of the customer, the Company sold principally all products in the United States, Canada and Mexico. No one customer represented more than 10% of total sales in 2011, 2010 or 2009. As of December 31, 2011, all material long-lived assets are located in the United States.

 

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

Net sales:

       

Water transmission

    $ 271,885      $ 221,251      $ 210,396   

Tubular products

      239,783        165,499        68,258   
  

 

 

    

 

 

    

 

 

  

Total

    $ 511,668      $ 386,750      $ 278,654   
  

 

 

    

 

 

    

 

 

  

Gross profit (loss):

       

Water transmission

    $ 43,182      $ 19,430      $ 13,783   

Tubular products

      15,956        10,258        (7,099 ) 
  

 

 

    

 

 

    

 

 

  

Total

    $ 59,138      $ 29,688      $ 6,684   
  

 

 

    

 

 

    

 

 

  

Operating income (loss):

       

Water transmission

    $ 34,113      $ 10,825      $ 4,449   

Tubular products

      12,660        6,963        (8,861 ) 
  

 

 

    

 

 

    

 

 

  
     46,773        17,788        (4,412 ) 

Corporate

      (13,950 )      (17,193 )      (9,904 ) 
  

 

 

    

 

 

    

 

 

  

Total

    $ 32,823      $ 595      $ (14,316 ) 
  

 

 

    

 

 

    

 

 

  

Depreciation and amortization expense:

       

Water transmission

    $ 8,729      $ 8,282      $ 7,341   

Tubular products

      5,723        5,005        3,079   
  

 

 

    

 

 

    

 

 

  
     14,452        13,287        10,420   

Corporate

      69        579        862   
  

 

 

    

 

 

    

 

 

  

Total

    $ 14,521      $ 13,865      $ 11,282   
  

 

 

    

 

 

    

 

 

  

Capital expenditures:

       

Water transmission

    $ 4,765      $ 9,307      $ 6,970   

Tubular products

      11,386        9,135        14,303   
  

 

 

    

 

 

    

 

 

  
     16,151        18,442        21,273   

Corporate

      182        155        75   
  

 

 

    

 

 

    

 

 

  

Total

    $ 16,333      $ 18,597      $ 21,348   
  

 

 

    

 

 

    

 

 

  

Net sales by geographic region:

       

United States

    $ 455,625      $ 347,028      $ 237,680   

Other

      56,043        39,722        40,974   
  

 

 

    

 

 

    

 

 

  

Total

    $ 511,668      $ 386,750      $ 278,654   
  

 

 

    

 

 

    

 

 

  

 

     December 31,  
     2011      2010  
     (in thousands)  

Goodwill:

      

Water transmission

    $ —         $ —     

Tubular products

      20,478         21,451   
  

 

 

     

 

 

  

Total

    $ 20,478       $ 21,451   
  

 

 

     

 

 

  

Total assets:

      

Water transmission

    $ 203,073       $ 225,712   

Tubular products

      181,058         148,941   
  

 

 

     

 

 

  
     384,131         374,653   

Corporate

      29,242         40,230   
  

 

 

     

 

 

  

Total

    $ 413,373       $ 414,883   
  

 

 

     

 

 

  

All property and equipment is located in the United States as of December 31, 2011, except for a total of $2.4 million which is located in Mexico. All property and equipment was located in the United States as of December 31, 2010, except for a total of $2.6 million which was located in Asia, and $2.5 million was located in Mexico.