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Segment Information | 12 Months Ended
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Dec. 31, 2014
Segment Reporting [Abstract] |
Segment Information | 16. 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 the Company’s chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance. Management evaluates segment performance based on 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 its eight manufacturing facilities located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St. Louis, Missouri; Salt Lake City, Utah and Monterrey, Mexico. During the second half of 2012, the Company permanently closed its facility located in Pleasant Grove, Utah, and transferred its property and equipment to other manufacturing locations. 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. The Tubular Products manufacturing facility is located in Atchison, Kansas. Tubular Products are marketed through a network of direct sales force personnel and sales agents throughout the United States, Canada and Mexico. On March 30, 2014 the Company completed the sale of substantially all of the assets and liabilities associated with the OCTG business conducted by the Company’s Tubular Products segment at its former manufacturing facilities in Bossier City, Louisiana and Houston, Texas, excluding the real property located in Houston, Texas. Based on the location of the customer, the Company sold principally all products in the United States, Canada and Mexico. One customer accounted for 16% and another customer accounted for 10% of total net sales from continuing operations in 2014. One customer accounted for 15% of total net sales from continuing operations in 2013 and one customer accounted for 16% of total net sales from continuing operations in 2012. As of December 31, 2014, all material long-lived assets are located in the United States.
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (in thousands) |
Net sales from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |
Water transmission |  | $ | 238,545 |  |  | $ | 226,427 |  |  | $ | 269,203 |
Tubular products |  |  | 164,753 |  |  |  | 133,018 |  |  |  | 119,699 |
Total |  | $ | 403,298 |  |  | $ | 359,445 |  |  | $ | 388,902 |
Gross profit from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |
Water transmission |  | $ | 39,601 |  |  | $ | 46,953 |  |  | $ | 45,051 |
Tubular products |  |  | 975 |  |  |  | 13,283 |  |  |  | 14,057 |
Total |  | $ | 40,576 |  |  | $ | 60,236 |  |  | $ | 59,108 |
Operating income (loss) from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |
Water transmission |  | $ | 31,490 |  |  | $ | 40,343 |  |  | $ | 36,278 |
Tubular products |  |  | (16,677 | ) |  |  | 11,943 |  |  |  | 12,061 |
|  |  | 14,813 |  |  |  | 52,286 |  |  |  | 48,339 |
Corporate |  |  | (14,619 | ) |  |  | (14,751 | ) |  |  | (17,053 | )
Total |  | $ | 194 |  |  | $ | 37,535 |  |  | $ | 31,286 |
Net sales from continuing operations by geographic region: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 383,344 |  |  | $ | 308,345 |  |  | $ | 332,859 |
Other |  |  | 19,954 |  |  |  | 51,100 |  |  |  | 56,043 |
Total |  | $ | 403,298 |  |  | $ | 359,445 |  |  | $ | 388,902 |
The following includes discontinued operations within Tubular products:
Depreciation and amortization expense: |  |  |  |  |  |  |  |  |  |  |  |
Water transmission |  | $ | 8,716 |  |  | $ | 7,082 |  |  | $ | 10,474 |
Tubular products |  |  | 5,090 |  |  |  | 5,963 |  |  |  | 5,541 |
|  |  | 13,806 |  |  |  | 13,045 |  |  |  | 16,015 |
Corporate |  |  | 340 |  |  |  | 254 |  |  |  | 252 |
Total |  | $ | 14,146 |  |  | $ | 13,299 |  |  | $ | 16,267 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Water transmission |  | $ | 6,190 |  |  | $ | 13,204 |  |  | $ | 6,830 |
Tubular products |  |  | 7,526 |  |  |  | 14,354 |  |  |  | 9,813 |
|  |  | 13,716 |  |  |  | 27,558 |  |  |  | 16,643 |
Corporate |  |  | 573 |  |  |  | 889 |  |  |  | 146 |
Total |  | $ | 14,289 |  |  | $ | 28,447 |  |  | $ | 16,789 |
|  | December 31, |
|  | 2014 |  |  | 2013 |
|  | (in thousands) |
Goodwill: |  |  |  |  |  |  |  |
Water transmission |  | $ | 5,282 |  |  | $ | 5,282 |
Tubular products |  |  | — |  |  |  | 20,478 |
Total |  | $ | 5,282 |  |  | $ | 25,760 |
Total assets: |  |  |  |  |  |  |  |
Water transmission |  | $ | 222,365 |  |  | $ | 218,849 |
Tubular products |  |  | 102,449 |  |  |  | 184,088 |
|  |  | 324,814 |  |  |  | 402,937 |
Corporate |  |  | 27,068 |  |  |  | 30,522 |
Total |  | $ | 351,882 |  |  | $ | 433,459 |
All property and equipment is located in the United States as of December 31, 2014 and 2013, except for a total of $4.2 million, which is located in Mexico.

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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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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