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Segment Information
 3 Months Ended
Mar. 31, 2015
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 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 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. 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 March 31,  
     2015      2014  
     (in thousands)  

Net sales:

      

Water transmission

    $ 56,242       $ 42,999   

Tubular products

      28,623         39,648   
  

 

 

     

 

 

  

Total

 $ 84,865    $ 82,647   
  

 

 

     

 

 

  

Gross profit (loss):

Water transmission

 $ 7,519    $ 1,668   

Tubular products

   (3,628 )    2,646   
  

 

 

     

 

 

  

Total

 $ 3,891    $ 4,314   
  

 

 

     

 

 

  

Operating income (loss):

Water transmission

 $ 5,633    $ (299 ) 

Tubular products

   (4,617 )    2,294   

Corporate

   (4,099 )    (3,121 ) 
  

 

 

     

 

 

  

Total

 $ (3,083 )  $ (1,126 )