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Business Segments
 3 Months Ended
Mar. 31, 2017
Business Segments [Abstract]  
Business Segments

2. BUSINESS SEGMENTS



The Company is a leading manufacturer and distributor of products and services for transportation and energy infrastructure. The Company is organized and evaluated by product group, which is the basis for identifying reportable segments. Each segment represents a revenue-producing component of the Company for which separate financial information is produced internally that is subject to evaluation by the Company’s chief operating decision maker in deciding how to allocate resources. Each segment is evaluated based upon its segment profit contribution to the Company’s consolidated results.



The following table illustrates revenues and profits (losses) from operations of the Company by segment for the periods indicated:





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Three Months Ended

 

 

March 31, 2017

 

March 31, 2016

 

 

Net

 

Segment

 

Net

 

Segment

 

 

Sales

 

Profit (loss)

 

Sales

 

Profit (loss)

 

 

 

Rail Products and Services

$

 56,480 

$

 1,489 

$

 64,292 

$

 741 

Construction Products

 

 37,322 

 

 1,219 

 

 31,880 

 

 448 

Tubular and Energy Services

 

 24,900 

 

 (508)

 

 30,138 

 

 (1,927)

Total

$

 118,702 

$

 2,200 

$

 126,310 

$

 (738)





Segment profits (losses) from operations, as shown above, include internal cost of capital charges for assets used in the segment at a rate of generally 1% per month. There has been no change in the measurement of segment profit (loss) from operations from December 31, 2016. The internal cost of capital charges are eliminated during the consolidation process.



The following table provides a reconciliation of reportable segment net profit (loss) from operations to the Company’s consolidated total:



 

 

 

 



 

 

 

 

 

 

Three Months Ended

 

 

March 31,



 

2017

 

2016



 

 

Profit (loss) for reportable segments

$

 2,200 

$

 (738)

Interest expense

 

 (2,108)

 

 (1,170)

Interest income

 

 56 

 

 55 

Other expense

 

 (5)

 

 (715)

LIFO income

 

 11 

 

 73 

Equity in loss of nonconsolidated investments

 

 (200)

 

 (196)

Corporate expense, cost of capital elimination, and other unallocated charges

 

 (1,945)

 

 (1,458)

Loss before income taxes

$

 (1,991)

$

 (4,149)





The following table illustrates assets of the Company by segment:





 

 

 

 



 

March 31,

 

December 31,



 

2017

 

2016

Rail Products and Services

$

 176,227 

$

 174,049 

Construction Products

 

 83,175 

 

 81,074 

Tubular and Energy Services

 

 101,292 

 

 100,006 

Unallocated corporate assets

 

 41,546 

 

 37,894 

Total

$

 402,240 

$

 393,023