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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2014
Selected Financial Details Regarding the Company's Reportable Segments

The following are selected financial details regarding the Company’s reportable segments (in thousands):

 

 

Three Months Ended June 30,

 

 

 

 

 

 

Six Months Ended June 30,

 

 

 

 

 

 

2014

 

 

 

 

 

 

2013

 

 

 

 

 

 

2014

 

 

 

 

 

 

2013

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technical Products and Services

$

12,039

 

 

 

 

 

 

$

11,157

 

 

 

 

 

 

$

26,125

 

 

 

 

 

 

$

21,637

 

 

 

 

 

Electrical and Instrumentation Construction

 

1,391

 

 

 

 

 

 

 

2,342

 

 

 

 

 

 

 

3,153

 

 

 

 

 

 

 

4,870

 

 

 

 

 

 

$

13,430

 

 

 

 

 

 

$

13,499

 

 

 

 

 

 

$

29,278

 

 

 

 

 

 

$

26,507

 

 

 

 

 

Gross profit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technical Products and Services

$

2,004

 

 

 

17

%

 

$

1,832

 

 

 

16

%

 

$

4,134

 

 

 

16

%

 

$

3,689

 

 

 

17

%

Electrical and Instrumentation Construction

 

24

 

 

 

2

%

 

 

257

 

 

 

11

%

 

 

329

 

 

 

10

%

 

 

1,165

 

 

 

24

%

 

$

2,028

 

 

 

15

%

 

$

2,089

 

 

 

15

%

 

$

4,463

 

 

 

15

%

 

$

4,854

 

 

 

18

%

Income from consolidated continuing

     operations and net equity income

     from foreign joint ventures’ operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technical Products and Services

$

1,806

 

 

 

15

%

 

$

1,630

 

 

 

15

%

 

$

3,833

 

 

 

15

%

 

$

3,184

 

 

 

15

%

Electrical and Instrumentation Construction

 

24

 

 

 

2

%

 

 

257

 

 

 

11

%

 

 

329

 

 

 

10

%

 

 

1,165

 

 

 

24

%

Corporate and other unallocated expenses

 

(1,679

)

 

 

-13

%

 

 

(1,432

)

 

 

-11

%

 

 

(3,513

)

 

 

-12

%

 

 

(3,217

)

 

 

-12

%

Income from consolidated continuing operations

 

151

 

 

 

1

%

 

 

455

 

 

 

3

%

 

 

649

 

 

 

2

%

 

 

1,132

 

 

 

4

%

Equity income from BOMAY

 

960

 

 

 

 

 

 

 

647

 

 

 

 

 

 

 

1,508

 

 

 

 

 

 

 

1,648

 

 

 

 

 

Equity income (loss) from MIEFE

 

112

 

 

 

 

 

 

 

138

 

 

 

 

 

 

 

74

 

 

 

 

 

 

 

158

 

 

 

 

 

Equity income (loss) from AAG*

 

38

 

 

 

 

 

 

 

463

 

 

 

 

 

 

 

2

 

 

 

 

 

 

 

900

 

 

 

 

 

Foreign operations (expenses)

 

(178

)

 

 

 

 

 

 

(87

)

 

 

 

 

 

 

(290

)

 

 

 

 

 

 

(138

)

 

 

 

 

Net equity income from foreign joint ventures’

     Operations

 

932

 

 

 

 

 

 

 

1,161

 

 

 

 

 

 

 

1,294

 

 

 

 

 

 

 

2,568

 

 

 

 

 

Income from consolidated continuing

     operations and net equity income

     from foreign joint ventures’ operations

$

1,083

 

 

 

 

 

 

$

1,616

 

 

 

 

 

 

$

1,943

 

 

 

 

 

 

$

3,700

 

 

 

 

 

 

*AAG equity income ended on April 30, 2014 when M&I withdrew from the AAG Joint Venture.