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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
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 September 30,

 

 

 

 

 

 

Nine Months Ended September 30,

 

 

 

 

 

 

2014

 

 

 

 

 

 

2013

 

 

 

 

 

 

2014

 

 

 

 

 

 

2013

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technical Products and Services

$

12,618

 

 

 

 

 

 

$

13,970

 

 

 

 

 

 

$

38,743

 

 

 

 

 

 

$

35,607

 

 

 

 

 

Electrical and Instrumentation Construction **

 

1,665

 

 

 

 

 

 

 

2,266

 

 

 

 

 

 

 

4,818

 

 

 

 

 

 

 

7,136

 

 

 

 

 

 

$

14,283

 

 

 

 

 

 

$

16,236

 

 

 

 

 

 

$

43,561

 

 

 

 

 

 

$

42,743

 

 

 

 

 

Gross profit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technical Products and Services

$

251

 

 

 

2

%

 

$

2,428

 

 

 

17

%

 

$

4,385

 

 

 

11

%

 

$

6,117

 

 

 

17

%

Electrical and Instrumentation Construction **

 

244

 

 

 

15

%

 

 

331

 

 

 

15

%

 

 

573

 

 

 

12

%

 

 

1,496

 

 

 

21

%

 

$

495

 

 

 

3

%

 

$

2,759

 

 

 

17

%

 

$

4,958

 

 

 

11

%

 

$

7,613

 

 

 

18

%

Income (loss) from consolidated continuing

     operations and net equity income

     from foreign joint ventures’ operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technical Products and Services

$

(210

)

 

 

-2

%

 

$

2,188

 

 

 

16

%

 

$

3,623

 

 

 

9

%

 

$

5,372

 

 

 

15

%

Electrical and Instrumentation Construction **

 

62

 

 

 

4

%

 

 

331

 

 

 

15

%

 

 

391

 

 

 

8

%

 

 

1,496

 

 

 

21

%

Corporate and other unallocated expenses

 

(2,039

)

 

 

-14

%

 

 

(1,548

)

 

 

-9.5

%

 

 

(5,552

)

 

 

-13

%

 

 

(4,764

)

 

 

-11

%

Income (loss) from consolidated continuing operations

 

(2,187

)

 

 

-15

%

 

 

971

 

 

 

6

%

 

 

(1,538

)

 

 

-4

%

 

 

2,104

 

 

 

5

%

Equity income from BOMAY

 

285

 

 

 

 

 

 

 

475

 

 

 

 

 

 

 

1,793

 

 

 

 

 

 

 

2,123

 

 

 

 

 

Equity income (loss) from MIEFE

 

65

 

 

 

 

 

 

 

(12

)

 

 

 

 

 

 

139

 

 

 

 

 

 

 

146

 

 

 

 

 

Equity income (loss) from AAG*

 

-

 

 

 

 

 

 

 

(29

)

 

 

 

 

 

 

2

 

 

 

 

 

 

 

871

 

 

 

 

 

Foreign operations (expenses)

 

(122

)

 

 

 

 

 

 

(66

)

 

 

 

 

 

 

(412

)

 

 

 

 

 

 

(204

)

 

 

 

 

Net equity income from foreign joint ventures’

     operations

 

228

 

 

 

 

 

 

 

368

 

 

 

 

 

 

 

1,522

 

 

 

 

 

 

 

2,936

 

 

 

 

 

Income (loss) from consolidated continuing

     operations and net equity income

     from foreign joint ventures’ operations

$

(1,959

)

 

 

 

 

 

$

1,339

 

 

 

 

 

 

$

(16

)

 

 

 

 

 

$

5,040

 

 

 

 

 

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

**Brazil operations are included in E&I amounts for the three months and nine months ended September 30, 2014.  The Brazil operations for the three months and nine months ended September 30, 2014 are: Net sales: $184; Gross profit (loss): ($29); and Net income (loss): ($208).