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Note 10 - Segment Information
 6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
10
.
Segment Information
 
The operating segments reported below are based on the nature of the products sold and the manufacturing process used 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 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 segment makes products for industrial plant piping systems and certain structural applications.
 
The Company
’s Tubular Products segment manufactures and markets smaller diameter, electric resistance welded steel pipe used in a wide range of applications, including energy, construction, agricultural and industrial systems. The Company’s Tubular Products segment has a manufacturing facility located in Atchison, Kansas and real property located in Houston, Texas. The Atchison facility operated at reduced levels from
April 2015
to
January 2016,
when the Company idled the facility to reduce operating expenses until market conditions improve or a sale is completed.
 
   
Three Months Ended June 30,
    
Six Months Ended June 30,
  
   
2017
    
2016
    
2017
    
2016
  
   
(in thousands)
  
Net sales:
                                
Water Transmission
   $
28,692
     $
39,775
     $
58,349
     $
69,133
  
Tubular Products
    
-
      
2,286
      
9
      
6,856
  
Total
   $
28,692
     $
42,061
     $
58,358
     $
75,989
  
                                 
Gross profit (loss):
                                
Water Transmission
   $
667
     $
(1,272
 )   $
1,832
     $
(7,022
 )
Tubular Products
    
(618
 )    
(890
 )    
(1,003
 )    
(577
 )
Total
   $
49
     $
(2,162
 )   $
829
     $
(7,599
 )
                                 
                                 
Operating loss:
                                
Water Transmission
   $
(438
 )   $
(2,648
 )   $
(1,352
 )   $
(9,904
 )
Tubular Products
    
(903
 )    
(1,002
 )    
(1,333
 )    
(898
 )
Corporate
    
(2,181
 )    
(2,603
 )    
(4,779
 )    
(5,487
 )
Total
   $
(3,522
 )   $
(6,253
 )   $
(7,464
 )   $
(16,289
 )