Annual report pursuant to Section 13 and 15(d)

Segment Information

v2.4.0.8
Segment Information
 12 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Information

Note 14 — Segment Information:

The Company has one reporting segment as its operating segments meet the requirement for aggregation. The Company and its operating subsidiaries design and manufacture heat transfer and vacuum equipment for the chemical, petrochemical, refining and electric power generating markets. Energy Steel supplies components and raw materials for the nuclear power generating market. Heat transfer equipment includes surface condensers, Heliflows, water heaters and various types of heat exchangers. Vacuum equipment includes steam jet ejector vacuum systems and liquid ring vacuum pumps. These products are sold individually or combined into package systems. The Company also services and sells spare parts for its equipment.

Net sales by product line for the following fiscal years are:

 

     Year ended March 31,  
     2014      2013      2012  

Heat transfer equipment

    $ 37,086       $ 43,764       $ 27,927   

Vacuum equipment

      27,236         22,891         43,635   

All other

      37,896         38,318         31,624   
  

 

 

     

 

 

     

 

 

  

Net sales

    $ 102,218       $ 104,973       $ 103,186   
  

 

 

     

 

 

     

 

 

  

 

The breakdown of net sales by geographic area for the following fiscal years is:

 

     Year ended March 31,  
     2014      2013      2012  

Net Sales:

         

Africa

    $ 152       $ 235       $ 371   

Asia

      11,486         17,048         17,339   

Australia & New Zealand

      307         29         2,840   

Canada

      11,419         7,084         4,626   

Central America

      3,210         4,633         224   

Europe

      2,091         2,027         571   

Mexico

      728         89         112   

Middle East

      4,350         14,834         16,264   

South America

      4,625         3,299         5,407   

U.S.

      63,850         55,695         55,432   
  

 

 

     

 

 

     

 

 

  

Net sales

    $ 102,218       $ 104,973       $ 103,186   
  

 

 

     

 

 

     

 

 

  

The final destination of products shipped is the basis used to determine net sales by geographic area. No sales were made to the terrorist sponsoring nations of Sudan, Iran, Cuba, North Korea or Syria.

In fiscal 2012, total sales to one customer amounted to 14% of total net sales. There were no sales to a single customer that amounted to 10% or more of total consolidated sales in fiscal 2014 or fiscal 2013.