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Segment Information
 6 Months Ended
Jun. 30, 2013
Segment Information [Abstract]  
Segment Information
6. 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. 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 June 30,     Six months ended June 30,  
    2013     2012     2013     2012  
    (in thousands)     (in thousands)  

Net sales:

                                

Water Transmission

   $ 58,148     $ 59,050     $ 136,761     $ 117,481  

Tubular Products

     58,590       71,991       120,574       155,735  
   

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 116,738     $ 131,041     $ 257,335     $ 273,216  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross profit:

                                

Water Transmission

   $ 12,125     $ 8,149     $ 31,995     $ 17,848  

Tubular Products

     3,543       5,428       4,877       12,229  
   

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 15,668     $ 13,577     $ 36,872     $ 30,077  
   

 

 

    

 

 

    

 

 

    

 

 

  

Operating income (loss):

                                

Water Transmission

   $ 10,499     $ 6,130     $ 28,532     $ 14,154  

Tubular Products

     2,885       4,651       3,551       10,847  

Corporate

     (4,004 )      (3,811 )      (7,883 )      (8,852 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 9,380     $ 6,970     $ 24,200     $ 16,149