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Segment Information
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Segment Information
7. Segment Information

The Company’s business is the manufacturing of welded steel pipe. Within this business, the Company’s operations are organized into two reportable segments: the Water Transmission Group and the Tubular Products Group. These reportable segments 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, which are 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.

The Tubular Products Group also manufactured and marketed OCTG products through March 30, 2014. The operating results of the OCTG business have been classified as discontinued operations and are not included in the operating results presented below.

 

     Three months ended June 30,     Six months ended June 30,  
     2014     2013     2014     2013  
     (in thousands)  

Net sales:

         

Water transmission

    $ 62,205      $ 58,148      $ 105,204      $ 136,761   

Tubular products

      39,783        29,794        79,431        58,516   
  

 

 

    

 

 

    

 

 

    

 

 

  

Total

    $ 101,988      $ 87,942      $ 184,635      $ 195,277   
  

 

 

    

 

 

    

 

 

    

 

 

  

Gross profit (loss):

         

Water transmission

    $ 11,491      $ 12,125      $ 13,159      $ 31,995   

Tubular products

      (174 )      3,085        2,472        6,134   
  

 

 

    

 

 

    

 

 

    

 

 

  

Total

    $ 11,317      $ 15,210      $ 15,631      $ 38,129   
  

 

 

    

 

 

    

 

 

    

 

 

  

Operating income (loss):

         

Water transmission

    $ 9,543      $ 10,499      $ 9,244      $ 28,532   

Tubular products

      (589 )      2,774        1,705        5,509   

Corporate

      (3,555 )      (4,004 )      (6,676 )      (7,883 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Total

    $ 5,399      $ 9,269      $ 4,273      $ 26,158