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Segment Information
 3 Months Ended
Mar. 31, 2012
Segment Information [Abstract]  
Segment Information
7. Segment Information

The Company's operations are organized in two reportable segments, the Water Transmission Group and the Tubular Products Group, which are based on the nature of the products and the manufacturing process. The Water Transmission Group manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, primarily related to drinking water systems. These products are also used for hydroelectric power systems, wastewater systems and other applications. In addition, the Water Transmission Group makes products for industrial plant piping systems and certain structural applications. The Tubular Products Group manufactures and markets smaller diameter, electric resistance welded steel pipe used in a wide range of applications, including energy, construction, agriculture and industrial systems. The Tubular Products Group also manufactured and marketed welded steel pipe used in traffic signpost applications through June 1, 2011. These two segments represent distinct business activities, which management evaluates based on segment gross profit and operating income. Transfers between segments in the periods presented were not material.

 

     Three months ended March 31,  
     2012     2011  
     (in thousands)  

Net sales:

     

Water Transmission

    $ 58,431      $ 58,645   

Tubular Products

      83,744        52,813   
  

 

 

    

 

 

  

Total

    $ 142,175      $ 111,458   
  

 

 

    

 

 

  

Gross profit:

     

Water Transmission

    $ 9,699      $ 9,894   

Tubular Products

      6,801        4,874   
  

 

 

    

 

 

  

Total

    $ 16,500      $ 14,768   
  

 

 

    

 

 

  

Operating income (loss):

     

Water Transmission

    $ 8,024      $ 8,261   

Tubular Products

      6,196        3,849   

Corporate

      (5,041 )      (4,631 ) 
  

 

 

    

 

 

  

Total

    $ 9,179      $ 7,479