NOS4-1 (WLMSQ) 10-Q 2 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 30, 2014	Apr. 22, 2014
Document and Entity Information	'	'
Entity Registrant Name	'GLOBAL POWER EQUIPMENT GROUP INC.	'
Entity Central Index Key	'0001136294	'
Document Type	'10-Q	'
Document Period End Date	30-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	17,112,645
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$14,693	$13,942
Restricted cash	71	120
Accounts receivable, net of allowance of $697 and $557, respectively	69,875	93,484
Inventories	8,318	6,476
Costs and estimated earnings in excess of billings	58,509	41,804
Deferred tax assets	3,301	3,301
Other current assets	7,892	8,215
Total current assets	162,659	167,342
Property, plant and equipment, net	20,457	20,644
Goodwill	106,884	109,930
Intangible assets, net	63,243	60,594
Deferred tax assets	6,507	7,630
Other long-term assets	1,115	1,258
Total assets	360,865	367,398
Current liabilities:	'	'
Accounts payable	13,498	19,664
Accrued compensation and benefits	19,916	14,798
Billings in excess of costs and estimated earnings	9,054	12,757
Accrued warranties	2,290	3,261
Other current liabilities	7,179	8,483
Total current liabilities	51,937	58,963
Long-term debt	25,000	23,000
Other long-term liabilities	5,904	5,844
Total liabilities	82,841	87,807
Commitments and contingencies (Note 7)	'	'
Stockholders' equity:	'	'
Common stock, $0.01 par value, 170,000,000 shares authorized and 18,381,931 and 18,294,998 shares issued, respectively, and 17,121,812 and 17,059,943 shares outstanding, respectively	184	183
Paid-in capital	69,201	69,049
Accumulated other comprehensive income	3,385	3,473
Retained earnings	205,266	206,898
Treasury stock, at par (1,260,119 and 1,235,055 common shares, respectively)	-12	-12
Total stockholders' equity	278,024	279,591
Total liabilities and stockholders' equity	$360,865	$367,398

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
CONDENSED CONSOLIDATED BALANCE SHEETS	'	'
Accounts receivable, allowance (in dollars)	$697	$557
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	170,000,000	170,000,000
Common stock, shares issued	18,381,931	18,294,998
Common stock, shares outstanding	17,121,812	17,059,943
Treasury stock, shares	1,260,119	1,235,055

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenues	'	'
Product Solutions	$38,931	$38,894
Nuclear Services	57,062	65,012
Energy Services	8,889	12,804
Consolidated	104,882	116,710
Cost of Sales	'	'
Product Solutions	29,060	32,937
Nuclear Services	50,041	56,526
Energy Services	7,303	11,281
Consolidated	86,404	100,744
Gross profit	18,478	15,966
Selling and marketing expenses	1,823	2,223
General and administrative expenses	13,754	14,554
Depreciation and amortization expense	2,314	1,073
Operating income (loss)	587	-1,884
Interest expense, net	413	86
Other expense (income), net	270	-150
Loss from continuing operations before income tax	-96	-1,820
Income benefit expense	-24	-619
Loss from continuing operations	-72	-1,201
Discontinued operations:	'	'
Loss from discontinued operations, net of tax	-7	-40
Net loss	($79)	($1,241)
Basic loss per weighted average common share:	'	'
Loss from continuing operations (in dollars per share)	'	($0.07)
Loss per common share - basic (in dollars per share)	'	($0.07)
Weighted average number of shares of common stock outstanding - basic (in shares)	17,090,074	16,772,195
Diluted loss per weighted average common share:	'	'
Loss from continuing operations (in dollars per share)	'	($0.07)
Loss per common share - diluted (in dollars per share)	'	($0.07)
Weighted average number of shares of common stock outstanding - diluted (in shares)	17,090,074	16,772,195
Cash dividends per share (in dollars per share)	$0.09	$0.09

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'
Net loss	($79)	($1,241)
Foreign currency translation adjustment	-88	-806
Comprehensive loss	($167)	($2,047)

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Total	Common Shares $0.01 Per Share	Paid-in Capital	Accumulated Other Comprehensive Income	Retained Earnings	Treasury Shares
In Thousands, except Share data, unless otherwise specified
Balance at Dec. 31, 2013	$279,591	$183	$69,050	$3,473	$206,897	($12)
Balance (in shares) at Dec. 31, 2013	17,059,943	18,294,998	'	'	'	-1,235,055
Increase (Decrease) in Shareholders' Equity	'	'	'	'	'	'
Stock-based compensation	152	1	151	'	'	'
Stock-based compensation (in shares)	'	86,933	'	'	'	-25,064
Dividends declared	-1,551	'	'	'	-1,551	'
Net loss	-79	'	'	'	-79	'
Foreign currency translation adjustment	-88	'	'	-88	'	'
Balance at Mar. 31, 2014	$278,024	$184	$69,201	$3,385	$205,266	($12)
Balance (in shares) at Mar. 31, 2014	17,121,812	18,381,931	'	'	'	-1,260,119

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Operating activities:	'	'
Net loss	($79)	($1,241)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Deferred income tax benefit provision	-7	-1,086
Depreciation and amortization on plant, property and equipment and intangible assets	2,632	1,431
Amortization on deferred financing costs	56	45
Stock-based compensation	651	1,629
Changes in operating assets and liabilities, net of businesses acquired and sold	-1,647	7,720
Net cash provided by operating activities	1,606	8,498
Investing activities:	'	'
Net transfers of restricted cash	49	'
Purchase of property, plant and equipment	-796	-788
Net cash used in investing activities	-747	-788
Financing activities:	'	'
Repurchase of stock-based awards for payment of statutory taxes due on stock-based compensation	-498	-585
Debt issuance costs	8	'
Dividends paid	-1,530	-1,518
Proceeds from long-term debt	12,000	'
Payments of long-term debt	-10,000	'
Net cash used in financing activities	-20	-2,103
Effect of exchange rate changes on cash	-88	-1,103
Net change in cash and cash equivalents	751	4,504
Cash and cash equivalents, beginning of period	13,942	31,951
Cash and cash equivalents, end of period	$14,693	$36,455

BUSINESS_AND_ORGANIZATION

BUSINESS AND ORGANIZATION	3 Months Ended
	Mar. 31, 2014
BUSINESS AND ORGANIZATION	'
BUSINESS AND ORGANIZATION	'
	NOTE 1 – BUSINESS AND ORGANIZATION
	Global Power Equipment Group Inc. (“Global Power,” “we,” “us,” “our,” or “the Company”) is a comprehensive provider of customer-engineered equipment, and modification and maintenance services for customers in the power generation, oil & gas, natural gas, infrastructure and process and industrial markets.  Our customers are in and outside the United States (“U.S.”) in both developed and emerging economies.
	We design, engineer and manufacture a comprehensive range of gas and steam turbine auxiliary products, control houses and generator enclosures primarily used to enhance the efficiency and facilitate the operation of gas turbine power plants, sub-base and stand-alone tanks meeting UL listings UL142, UL2085 and ULC-S 601 and for other industrial pipeline compression stations, electric power transmissions and distribution systems.  With a strong competitive position in our product lines due to our technology, skilled work force and experience, we benefit from a large installed base of equipment throughout the world which provides us strong brand recognition and value.
	We provide on-site specialty modification and maintenance services, outage management, facility upgrade services, specialty repair, brazed aluminum heat exchanger repair and maintenance, and other industrial and safety services to nuclear, fossil-fuel, industrial gas, liquefied natural gas, petrochemical and other industrial operations in the U.S. We have the capability to combine our services and equipment resources to offer turn-key solutions for aftermarket repair applications for the North American gas turbine power generation, energy infrastructure, process and cogeneration markets.
	Our operations are grouped into three reportable segments:  Product Solutions, Nuclear Services and Energy Services.  Our Product Solutions segment is comprised of two primary product categories:  Electrical Solutions and Auxiliary Products.
	·                  Our Electrical Solutions product category is comprised of Koontz-Wagner Custom Controls Holdings, LLC (“Koontz-Wagner”), including, following its merger with and into Koontz-Wagner (the “Merger”), the former operations of IBI, LLC (“IBI Power” or “IBI”). This product category focuses on manufacturing and integrating engineered packaged control house solutions and manufacturing custom power packaging and integration solutions, including control house systems, generator enclosures, and industrial tanks, for the energy, oil & gas and electrical industries.
	·                  Our Auxiliary Products category is comprised of Braden Manufacturing, L.L.C. (“Braden”) which engineer and manufacture filter houses, inlet and exhaust systems, diverter dampers, selective catalytic emission reduction systems (commonly referred to as “SCR”) used in the power generation market.  Consolidated Fabricators Inc. (“CFI”), which engineer and manufacture complex equipment to support gas turbines and other power generation equipment, and, TOG Manufacturing Company, Inc. (“TOG”), which manufacture highly-engineered precision components for critical applications across a variety of industries including:  Power Generation, U.S. Defense Department and Off-Shore Drilling.
	·                  Our Nuclear Services segment is comprised of the operations of Williams Plant Services, LLC and Williams Specialty Services, LLC (together, the “Williams business”).  Our Nuclear Services segment is focused on the nuclear maintenance and specialty services business.
	·                  Our Energy Services segment is comprised Hetsco, Inc. (“Hetsco”) and the operations of Construction & Maintenance Professionals, LLC and Williams Industrial Services, LLC.  Our Energy Services segment is focused on providing mission critical brazed aluminum heat exchanger repair, maintenance, and safety services to the industrial gas, liquefied natural gas and petrochemical industries and maintenance and specialty services to the industrial and fossil business.
	Effective as of January 1, 2013, our Board of Directors determined to change from a traditional month-end calendar close cycle to a 4-4-5 calendar close methodology during interim periods. Our fiscal year will continue to end on December 31. Under this methodology, each interim period is comprised of 13 weeks, which includes two 4-week months and one 5-week month, and begins on Monday and ends on Sunday. The 4-4-5 close methodology will change the accounting periods to month-end dates that would be different than the traditional last day of the standard month end. We will label our quarterly information using a calendar convention, that is, first quarter will be labeled as ending on March 31, second quarter as ending on June 30, and third quarter as ending on September 30. This change in methodology aligns our financial calendar to our payroll cycle simplifying our close process. The effects of this practice are modest and only exist within a reporting year. The reporting periods and applicable reports for 2014 are:
	Fiscal Period	Reporting Period	Report to be Filed
	First quarter of fiscal 2014	January 1, 2014 to March 30, 2014	Quarterly Report on Form 10-Q
	Second quarter of fiscal 2014	March 31, 2014 to June 29, 2014	Quarterly Report on Form 10-Q
	Third quarter of fiscal 2014	June 30, 2014 to September 28, 2014	Quarterly Report on Form 10-Q
	Fourth quarter of fiscal 2014	September 29, 2014 to December 31, 2014	Annual Report on Form 10-K
	Acquisitions: During 2013, we completed the following acquisitions:
	Business Acquired	Date of Closing	Net Assets		Primary Form of
			Acquired		Consideration
			(in millions)
	IBI, LLC	July 9, 2013	$	18.6	Cash
	Hetsco Holdings, Inc.	April 30, 2013	$	32.4	Cash
	Each of the acquired businesses has been included in our results of operations since the date of closing. Due to the timing of these acquisitions and related operating results, our 2014 and 2013 operating results are not entirely comparable. See Note 3—Acquisitions.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation: These unaudited condensed consolidated financial statements have been prepared by us in accordance with accounting principles generally accepted in the U.S.  The information in the condensed consolidated financial statements, in the opinion of management, includes normal recurring adjustments and reflects all adjustments that are necessary for a fair statement of such financial statements.  We believe that the disclosures presented are adequate to represent materially correct interim financial statements.  These condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and related notes for the year ended December 31, 2013 included in our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on March 17, 2014.
	Principles of Consolidation: The accompanying consolidated financial statements include the accounts of Global Power and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
	Use of Estimates: The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying footnotes. Actual results could vary materially from those estimates.
	Reclassifications: Certain reclassifications have been made to prior years consolidated balances to conform with the current year presentation.
	Discontinued Operations Presentation: In August 2011, we completed the sale of substantially all of the operating assets of our Deltak L.L.C. (“Deltak”) business unit. Discontinued operations are presented net of tax. The following notes relate to our continuing operations only unless otherwise noted.
	Dollar Amounts: All dollar amounts (except share and per share amounts) presented in the tabulations within the notes to our consolidated financial statements are stated in thousands of dollars, unless otherwise noted.
	Long-Lived Assets: Long-lived assets, such as property, plant, and equipment, and purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset to be tested for possible impairment, we first compare undiscounted cash flows expected to be generated by an asset to the carrying value of the asset. If the carrying value of the long-lived asset is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. We group long-lived assets by legal entity for purposes of recognition and measurement of an impairment loss as this is the lowest level for which cash flows are independent.
	Goodwill and Other Intangible Assets:   Goodwill is not amortized to expense, but rather, we test goodwill for impairment annually and more frequently if circumstances warrant. Impairment write-downs are charged to results of operations in the period in which the impairment is determined.
	During the three months ended September 30, 2013, we changed our annual impairment testing date from December 31 to the first day of the fourth quarter, which we label as October 1.
	In 2012, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2012-02, “Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment,” which provides entities with the option to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. The Company elected to bypass the qualitative assessment option and continue performing the first step of the goodwill impairment test.
	In connection with our reportable segments, we also assess our reporting units that are operating segments or one level below the operating segment for impairment testing. We consider the management of operating activities, discrete financial information, similarities of economic characteristics, and the nature of the products, production processes, customers, distribution and regulatory environments. For impairment testing of goodwill and other indefinite-lived assets we test TOG as a separate reporting unit from Product Solutions with the remainder tested as the Auxiliary Products and Electrical Solutions product lines.  We test Hetsco as a separate reporting unit from Energy Solutions with the remainder tested as the Industrial Solutions reporting unit, and we test the Nuclear Solutions segment as a reporting unit.
	We did not identify any impairment of our recorded goodwill from our most recent annual testing, which was performed as of October 1, 2013. If certain events occur which might indicate goodwill has been impaired, the goodwill is tested for impairment when such events occur. We have not identified any such events and, accordingly, have not tested goodwill for impairment during the three months ended March 31, 2014.
	Adoption of New Accounting Pronouncements:
	In March 2014, the FASB issued ASC Update  2014-06 “Technical Corrections and Improvements Related to Glossary Terms” (the “Update”). The amendments in the Update relate to glossary terms and cover a wide range of Topics in the Codification.  These amendments are presented in four sections — Deletion of Master Glossary Terms (Section A), Addition of Master Glossary Term Links (Section B), Duplicate Master Glossary Terms (Section C), and Other Technical Corrections Related to Glossary Terms (Section D).  The amendments in this Update represent changes to clarify the Master Glossary of the Codification, or make improvements to the Master Glossary that are not expected to result in substantive changes to the application of existing guidance or create a significant administrative cost to most entities.  Additionally, the amendments will make the Master Glossary easier to understand, as well as reduce the number of terms that appear in the Master Glossary.  The amendments resulting from this Update do not have transition guidance and will be effective upon issuance for both public and private companies.  The immediate adoption of this standard in March 2014 did not have an impact on our consolidated financial statements, and there was no material impact to our financial statement disclosures.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2014
ACQUISITIONS	'
ACQUISITIONS	'
	NOTE 3—ACQUISITIONS
	During 2013, we acquired 100% equity in two businesses, which included one products company and one industrial gas services company, all based in the U.S. These acquisitions allow us to expand our products and service offerings internationally and in the U.S.  A summary of the acquisitions is as follows:
	Business Acquired	Date of Closing		Net Assets			Segment		Primary Form of
				Acquired					Consideration
				(in millions)
	IBI, LLC	July 9, 2013		$	18.6		Product Solutions		Cash
	Hetsco Holdings, Inc.	April 30, 2013		$	32.4		Energy Services		Cash
	Each of the acquired businesses has been included in our results of operations since the date of closing. Due to the timing of each acquisition and related operating results, our 2014 and 2013 operating results are not entirely comparable.
	On July 9, 2013, we acquired IBI Power, a leading manufacturer of custom power packaging and integration solutions, including control house systems, generator enclosures and industrial tanks. The aggregate consideration paid consisted of $18.6 million in cash, after final working capital adjustments and other adjustments of which $0.7 million was paid in January, 2014.  IBI merged with and into Koontz-Wagner and its financial results are included in our Product Solutions segment as of the acquisition date.
	On April 30, 2013, we acquired Hetsco, a global provider of mission critical brazed aluminum heat exchanger repair, maintenance and safety services to the industrial gas, liquefied natural gas and petrochemical industries. The aggregate acquisition price consisted of $32.4 million in cash, after final working capital adjustments. The financial results of the Hetsco acquisition have been included in our Energy Services segment as of the acquisition date.
	We funded the purchase of the IBI Power and Hetsco acquisitions (together, the “2013 Acquisitions”) through a combination of cash on hand and draws on our $150.0 million credit facility (as amended or supplemented from time to time, the “Revolving Credit Facility”).
	The following table summarizes the consideration paid for the 2013 Acquisitions and presents an allocation of these amounts to the net tangible and identifiable intangible assets based on the estimated fair values as of the respective acquisition dates.
		2013 Acquisition Activity
		Hetsco Inc.				IBI Power				Total
	Current assets	$	7,733			$	8,304			$	16,037
	Property, plant and equipment	867				2,822				3,689
	Identifiable intangible assets	22,800				9,300				32,100
	Goodwill	12,997				4,542				17,539
	Total assets acquired	44,397				24,968				69,365
	Current liabilities	(2,265		)		(6,327		)		(8,592		)
	Long-term deferred tax liability	(8,645		)		—				(8,645		)
	Other long-term liabilities	(1,089		)		—				(1,089		)
	Net assets acquired	$	32,398			$	18,641			$	51,039
	The purchase price was preliminarily allocated based on estimated fair values as of the acquisition date.  These allocations require the significant use of estimates and are based on the information that was available to management at the time these consolidated financial statements were prepared.  The estimated fair values and useful lives acquired have been supported by third party valuation.  The fair values remain subject to potential adjustments including, but not limited to, assessment of income tax related assets and liabilities.
	Acquired intangible assets in 2013 of $32.1 million consisted of customer relationships, trade names and noncompete agreements. The amortization period for these intangible assets, except trade names which are indefinite, ranges from five to seven years. We recorded $1.2 million of amortization expense related to these intangible assets during the three months ended March 31, 2014.  The major classes of intangible assets are as follows:
		Weighted Average
	($ in thousands)	Amortization Years		At Date of
				Acquisition
	Customer Relationships	7		$	19,200
	Trade Names	Indefinite		11,000
	Noncompetes	5		1,900
				$	32,100
	The estimated future aggregate amortization expense of intangible assets from the 2013 Acquisitions as of March 31, 2014 is set forth below:
	($ in thousands)
	For the Fiscal Year Ending December 31 –
	2014 (remainder of year)	$	2,342
	2015	3,123
	2016	3,123
	2017	3,123
	2018	2,894
	Thereafter	3,814
	Total	$	18,419
	The goodwill associated with the IBI Power acquisition is deductible for tax purposes whereas the goodwill associated with the Hetsco acquisition is not deductible for tax purposes.
	The following unaudited pro forma information has been provided for illustrative purposes only and is not necessarily indicative of results that would have occurred had the 2013 Acquisitions of IBI Power and Hetsco as if they occurred on January 1, 2013, nor are they necessarily indicative of future results.
		Three months ended March 31,
		(unaudited)
	($ in thousands, except per share data)	2014				2013
	Consolidated revenues	$	104,882			$	132,030
	Income from continuing operations before income tax	(96		)		2,403
	Earnings per share from continuing operations:
	Basic	$	(0.01	)		$	0.14
	Diluted	$	(0.01	)		$	0.14
	The unaudited pro forma consolidated results during the three months ended March 31, 2014 and 2013 have been prepared by adjusting our historical results to include the 2013 Acquisitions of IBI Power and Hetsco occurred on January 1, 2013. These unaudited pro forma consolidated historical results were then adjusted for the following:
	·                  a net reduction in interest expense during the three months ended March 31, 2013,
	·                  there was no adjustment to interest expense for the three months ended March 31, 2014,
	·                  an increase in amortization expense due to the incremental intangible assets recorded related to the 2013 acquisitions of IBI Power and Hetsco,
	·                  a change in depreciation expense relating to the net impact of adjusting acquired property and equipment to the acquisition date fair values,
	·                  adjustments to reflect the impact of $1.7 million of transaction costs related to the acquisition of IBI Power and Hetsco,
	·                  adjustments to tax effect the pro forma results of the acquisition of IBI Power and Hetsco at Global Power’s estimated domestic statutory tax rate of 39% for all periods, and
	·                  a net increase in stock compensation expense associated with restricted stock granted as a part of the Hetsco acquisition offset by a reduction in stock compensation expense resulting from the cancellation of Hetsco’s previous stock grants.
	The unaudited pro forma results do not include any adjustments to eliminate the impact of cost savings or other synergies that may result from the 2013 Acquisitions. As noted above, the unaudited pro forma results of operations do not purport to be indicative of the actual results that would have been achieved by the combined company for the periods presented or that may be achieved by the combined company in the future.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2014
EARNINGS PER SHARE	'
EARNINGS PER SHARE	'
	NOTE 4—EARNINGS PER SHARE
	Basic earnings per common share is calculated by dividing net income by the weighted average common shares outstanding during the period. Diluted earnings per common share is based on the weighted average common shares outstanding during the period, adjusted to include the incremental effect of common shares that would be issued upon the conversion of warrants and the vesting and release of restricted stock awards.
	Basic and diluted earnings per common share are calculated as follows:
		Three Months Ended March 31,
	($ in thousands, except per share data)	2014				2013
	Net loss:
	Loss from continuing operations		$	(72	)	$	(1,201	)
	Loss from discontinued operations		(7		)	(40		)
	Loss available to common shareholders		$	(79	)	$	(1,241	)
	Basic (Loss) Earnings Per Common Share:
	Weighted Average Common Shares Outstanding		17,090,074			16,772,195
	Basic (loss) earnings per common share from continuing operations		$	—		$	(0.07	)
	Basic loss per common share from discontinued operations		—			—
	Basic (loss) earnings per common share		$	—		$	(0.07	)
	Diluted (Loss) Earnings Per Common Share:
	Weighted Average Common Shares Outstanding		17,090,074			16,772,195
	Effect of Dilutive Securities:
	Unvested portion of restricted stock awards		—			—
	Warrants to purchase common stock		—			—
	Weighted Average Common Shares Outstanding Assuming Dilution		17,090,074			16,772,195
	Diluted (loss) earnings per common share from continuing operations		$	—		$	(0.07	)
	Diluted loss per common share from discontinued operations		—			—
	Diluted (loss) earnings per common share		$	—		$	(0.07	)
	During the three months ended March 31, 2014, there were 147,611 outstanding stock equivalents that were anti-dilutive and excluded from the computations of diluted earnings per common share. During the three months ended March 31, 2013, there were 501,041 outstanding stock equivalents that were anti-dilutive and excluded from the computations of diluted earnings per common share. Excluded from the calculation of both basic and diluted earnings per common share are the unvested performance-based, both Operating Margin and Relative TSR Performance Objective, restricted stock awards for which performance targets had not been set by the Board of Directors of 255,084 as of March 31, 2014. There were 60,370 performance-based stock awards outstanding as of March 31, 2013.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2014
INCOME TAXES	'
INCOME TAXES	'
	NOTE 5 –INCOME TAXES
	The overall effective income tax rate for continuing operations during the three months ended March 31, 2014 and 2013 was as follows:
		Three Months Ended March 31,
		2014	2013
	Effective income tax rate	25.10%	34.00%
	The effective income tax rate differs from the statutory federal income tax rate of 35% primarily because of state and foreign income taxes and permanent differences.
	As of March 31, 2014 and March 31, 2013, we would need to generate approximately $81.4 million and $104.2 million, respectively, of future financial taxable income to realize our deferred tax assets.
	As of both March 31, 2014 and December 31, 2013, we provided for a liability of $4.7 million for unrecognized tax benefits related to various federal, foreign and state income tax matters, which was included in long-term deferred tax assets and other long-term liabilities.  If recognized, the entire amount of the liability would affect the effective tax rate.  As of March 31, 2014, we had accrued approximately $2.3 million in other long-term liabilities for potential payment of interest and penalties related to uncertain income tax positions.

DEBT

DEBT	3 Months Ended
	Mar. 31, 2014
DEBT	'
DEBT	'
	NOTE 6—DEBT
	Revolving Credit Facility.  As of March 31, 2014, we had $25.0 million outstanding under our Revolving Credit Facility and we were in compliance with all financial and other covenants under the Revolving Credit Facility.  During the three months ended March 31, 2014 we borrowed $12.0 million on our Revolving Credit and we repaid $10.0 million of the $12.0 million in March 2014.  The weighted average borrowings were 2.5%.
	The Revolving Credit Facility allows for borrowings up to $150.0 million, subject to outstanding standby letters of credit and other restrictions.  The facility has a $75.0 million revolving letter of credit facility and provides access to multi-currency funds.  The Revolving Credit Facility has a maturity date of February 21, 2017.
	We are subject to interest rate changes on our LIBOR-based variable interest rate under our Revolving Credit Facility.  As of March 31, 2014, a maximum of $115.9 million was available under our Revolving Credit Facility.  Our ability to borrow this maximum amount is governed by a number of provisions of our Revolving Credit Facility, some of which have the effect of limiting the amount that we can borrow based upon such factors as the Company’s compliance with certain leverage ratios and other financial covenants or the use of the proceeds of the relevant drawdown, in each case as of a particular date or time.  In practice, these provisions of our Revolving Credit Facility mean that we may not be permitted to borrow the full $150.0 million of our Revolving Credit Facility and the amount we are allowed to borrow under our Revolving Credit Facility will likely be materially less than the difference between our actual borrowings and $150.0 million for the foreseeable future.  As of March 31, 2014, we pay an unused line fee of .20% pursuant to the terms of our Revolving Credit Facility.
	Letters of Credit and Bonds.  In line with industry practice, we are often required to provide letters of credit, surety and performance bonds to customers.  These letters of credit and bonds provide credit support and security for the customer if we fail to perform our obligations under the applicable contract with such customer.
	The interest rate on letters of credit issued under the Revolving Credit Facility letter of credit was 1.25% per annum as of March 31, 2014.  Should we need to borrow additional amounts against the Revolving Credit Facility, we would incur an interest rate of LIBOR or a specified base rate, plus in each case, an additional margin based on our consolidated leverage ratio.  The Revolving Credit Facility includes additional margin ranges on base rate loans between 0.25% and 1.25% and between 1.25% and 2.25% on LIBOR-based loans.
	As of March 31, 2014, our outstanding stand-by letters of credit totaled approximately $9.1 million for our U.S. entities and $5.9 million (U.S. dollars) for non-U.S. entities.  Currently there are no amounts drawn upon these letters of credit.  In addition, as of March 31, 2014, we had outstanding surety bonds on projects of approximately $29.6 million.
	Deferred Financing Costs.  As of March 31, 2014, we had unamortized deferred financing fees on our Revolving Credit Facility of $0.7 million and interest expense associated with the amortization of less than $0.1 million for the three months ending March 31, 2014 and none for the three months ended March 31, 2013.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2014
COMMITMENTS AND CONTINGENCIES.	'
COMMITMENTS AND CONTINGENCIES	'
	NOTE 7—COMMITMENTS AND CONTINGENCIES
	Litigation and Claims: We are from time to time party to various lawsuits, claims and other proceedings that arise in the ordinary course of our business. With respect to all such lawsuits, claims and proceedings, we record a reserve when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. We do not believe that the resolution of any currently pending lawsuits, claims and proceedings, either individually or in the aggregate, will have a material adverse effect on our financial position, results of operations or liquidity. However, the outcomes of any currently pending lawsuits, claims and proceedings cannot be predicted, and therefore, there can be no assurance that this will be the case.
	Deltak Claims: By purchase agreement dated August 5, 2011, referred to as the 2011 Purchase Agreement, we sold substantially all of the assets of our Deltak business unit to Hamon Acquisitions, Inc. (n/k/a Hamon Deltak, Inc.) (an indirect wholly owned subsidiary of Hamon & Compagnie International SA) (the “Buyer”). Under the 2011 Purchase Agreement, we retained certain liabilities relating to the assets sold to the Buyer. The 2011 Purchase Agreement established escrow accounts totaling $7.0 million set aside for contingencies, of which $6.2 million was initially subject to a five year escrow term and $0.8 million was subject to scheduled releases.  We previously recorded $3.1 million in short-term restricted cash and $3.8 million, which was subject to a five year escrow term, was previously recorded in other long-term assets.   During 2013, we received two claims for indemnification from the Buyer in connection with the activities of our Deltak business unit.  Under the terms of the settlement agreement, $0.1 million of the remaining escrow was classified as short-term restricted cash as of December 31, 2013.  On February 4, 2014, less than $0.1 million of the purchase price held in escrow related to the sale of the assets of Deltak was released to Global Power.
	Asbestos Cases: A former operating unit of Global Power has been named as a defendant in a limited number of asbestos personal injury lawsuits. Neither we nor our predecessors ever mined, manufactured, produced or distributed asbestos fiber, the material that allegedly caused the injury underlying these actions. The bankruptcy court’s discharge order issued upon emergence from bankruptcy extinguished the claims made by all plaintiffs who had filed asbestos claims against us before that time. We also believe the bankruptcy court’s discharge order should serve as a bar against any later claim filed against us, including any of our subsidiaries, based on alleged injury from asbestos at any time before emergence from bankruptcy. In any event in all of the asbestos cases finalized post-bankruptcy, we have been successful in having such cases dismissed without liability. Moreover, during 2012, we secured insurance coverage that will help to reimburse the defense costs and potential indemnity obligations of our former operating unit relating to these claims. We intend to vigorously defend all currently active actions, just as we defended the other actions that have since been dismissed, all without liability, and we do not anticipate that any of these actions will have a material adverse effect on our financial position, results of operations or liquidity. However, the outcomes of any legal action cannot be predicted and, therefore, there can be no assurance that this will be the case.
	Contingencies: On June 28, 2013, we announced a change in senior leadership in our Nuclear and Energy Services segments.  We subsequently filed a Form 8-K disclosing anticipated separation costs of approximately $0.5 million pursuant to a Separation Agreement relating to this change in leadership. On July 17, 2013, we rescinded the Separation Agreement and therefore have not accrued any of the previously disclosed separation costs in the consolidated balance sheet and statement of operations as of March 31, 2014 and December 31, 2013.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2014
STOCKHOLDERS' EQUITY	'
STOCKHOLDERS' EQUITY	'
	NOTE 8—STOCKHOLDERS’ EQUITY
	Dividends:  In May 2012, our Board of Directors approved a quarterly cash dividend policy. The terms of our Revolving Credit Facility limit the amount of cash dividends we can pay and such terms are defined in the Revolving Credit Facility. The following table sets forth certain information relating to the Company’s cash dividends declared to common stockholders of the Company during the three months ended March 31, 2014:
		Dividend	Dividend		Date of Record for	Dividend Cash
		Declaration Date	per Share		Dividend Payment	Payment Date
	Fiscal year 2014:	March 7, 2014	$	0.09	March 18, 2014	March 28, 2014
	Dividend equivalents equal to the dividends payable on the same number of shares of our common stock were accrued on unvested restricted stock awards. No dividend equivalents are paid on any unvested restricted stock awards that are forfeited prior to the vesting date. Dividend equivalents are paid out in cash at the vesting date on restricted stock awards. A non-cash accrual of $0.2 million for unpaid dividend equivalents for unvested restricted stock awards was included in the accompanying consolidated balance sheet as of March 31, 2014. In addition, accumulated dividend equivalents of less than $0.1 million were paid upon the vesting and release of 86,934 restricted stock awards during the three months ended March 31, 2014.
	Stock Repurchase Program:  In May 2012, our Board of Directors authorized a program to repurchase up to two million shares of our common stock until the earlier of June 30, 2014 or a determination by the Board of Directors to discontinue the repurchase program.  We repurchased 421,731 shares of common stock during the year ended December 31, 2012 for $6.8 million under the repurchase program.  During the three months ended March 31, 2014 and 2013, we did not repurchase any shares of common stock.
	Foreign Currency Translation:  Foreign assets and liabilities are translated using the exchange rate in effect at the balance sheet date, and results of operations are translated using an average rate during the period. Translation adjustments are accumulated and reported as a component of accumulated other comprehensive income. We had foreign currency translation adjustments resulting in a less than $0.1 million unrealized loss and $0.8 million unrealized loss for the three months ended March 31, 2014 and 2013, respectively. Our foreign earnings are considered permanently reinvested and, therefore, we do not have any corresponding deferred taxes for our unremitted earnings.
	Stock-Based Compensation: During the three months ended March 31, 2014, we vested 66,167 shares of stock-based compensation to employees and recorded a $0.5 million non-cash accrual related to the payment of statutory taxes due on the awards that was unpaid as of March 31, 2014.
	We granted 110,903 shares of restricted stock awards subject only to service conditions to employees and directors during the three months ended March 31, 2014 at a weighted-average fair value price per share of $19.66.  These service-based restricted stock awards will vest ratably over one, three or four years.
	We also granted 90,623 restricted stock awards subject to performance conditions during the three months ended March 31, 2014 at a weighted-average fair value price per share of $19.89.  Of these, 10,000 performance-based restricted stock awards will vest at the end of a one year performance period subject to meeting or exceeding a $30.0 million EBITDA target.  The remaining 80,623 performance-based restricted stock awards will cliff vest at the end of a three year performance period subject to multiple target levels of operating margin. If the minimum target set in the agreement is not met, none of the shares would vest and no compensation expense would be recognized and any previously recognized compensation expense would be reversed. The actual number of shares that will ultimately vest is dependent on achieving fixed thresholds between the minimum and maximum performance condition and ranges between 0% and 200% the number of units originally granted. We recognize stock-based compensation expense related to performance awards based upon our determination of the potential likelihood of achievement of the performance target at each reporting date, net of estimated forfeitures.
	We also granted 80,623 market-based restricted stock awards during the three months ended March 31, 2014 which, in addition to being subject to continuing employment requirements are subject to a market condition in the form of a total shareholder return (“TSR”) modifier. The actual number of shares that cliff vest at the end of the three-year vesting period is determined based on our TSR relative to the Russell 2000 over the related three-year performance period. Depending on the level of achievement, the actual number of shares that vest may range from 0% to 200% of the awards originally granted.
	We estimate the fair value of our market-based restricted stock awards on the date of grant using a Monte Carlo simulation valuation model. This pricing model uses multiple simulations to evaluate our probability of achieving various stock price levels to determine our expected TSR performance ranking. Expense is only recorded for the number of market-based restricted stock awards granted, net of estimated forfeitures. The assumptions used to estimate the fair value of market-based restricted stock awards granted during the three months ended March 31, 2014 were as follows:
	Three Months Ended
		March 31,
		2014
	Expected term (years)	2.75
	Expected volatility	34.70%
	Expected dividend yield	0.00%
	Risk-free interest rate	0.79%
	Weighted-average grant date fair value	$      25.71

OTHER_SUPPLEMENTAL_INFORMATION

OTHER SUPPLEMENTAL INFORMATION	3 Months Ended
	Mar. 31, 2014
OTHER SUPPLEMENTAL INFORMATION	'
OTHER SUPPLEMENTAL INFORMATION	'
	NOTE 9—OTHER SUPPLEMENTAL INFORMATION
	Other current assets consist of the following:
		March 31,			December 31,
	($ in thousands)	2014			2013
	Prepaid expenses	$	2,350		$	2,735
	VAT receivable	3,546			3,216
	Prepaid taxes	623			872
	Other Receivables	174			55
	Other	1,199			1,337
	Total	$	7,892		$	8,215
	Other long-term assets consist of the following:
		March 31,				December 31,
	($ in thousands)		2014			2013
	Debt issuance costs, net		$	687		$	751
	Other		428			507
	Total		$	1,115		$	1,258
	Other current liabilities consist of the following:
		March 31,				December 31,
	($ in thousands)		2014			2013
	Accrued workers compensation		$	1,499		$	1,659
	Accrued taxes		865			1,524
	Accrued contract obligation		801			1,030
	Accrued job reserves		516			1,387
	Accrued legal and professional fees		387			1,036
	Other		3,111			1,847
	Total		$	7,179		$	8,483
	Other long-term liabilities consist of the following:
		March 31,				December 31,
	($ in thousands)		2014			2013
	Uncertain tax liabilities		$	5,065		$	5,054
	Other		839			790
	Total		$	5,904		$	5,844
	Supplemental cash flow disclosures are as follows:
		Three Months Ended March 31,
		2014			2013
	SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
	Cash paid for the period for:
	Interest	$	154		$	78
	Income taxes	$	1		$	355
	Net effect of changes in operating activities
	Decrease in accounts receivable	$	23,609		$	12,069
	Increase (decrease) in inventories	-1,843			9
	Increase (decrease) in costs and estimated earnings in excess of billings	-16,705			4,228
	(Increase) decrease in other current assets	322			-443
	(Increase) decrease in other assets	79			-222
	Decrease in accounts payable	-6,165			-6,435
	Increase in accrued and other liabilities	3,730			3,645
	(Increase) decrease in accrued warranties	-971			7
	Decrease in billings in excess of costs and estimated earnings	-3,703			-5,138
	Changes in operating assets and liabilities	$	-1,647		$	7,720

MAJOR_CUSTOMERS_AND_CONCENTRAT

MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK	3 Months Ended
	Mar. 31, 2014
MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK	'
MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK	'
	NOTE 10—MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK
	We have certain customers that represent more than 10 percent of consolidated accounts receivable. The balance for these customers as a percentage of the consolidated accounts receivable is as follows:
		As of	As of
		March 31,	December 31,
	Customer	2014	2013
	General Electric Company	21%	25%
	Southern Nuclear Operating Company	16%	*
	Siemens Energy, Inc	*	21%
	*         Less than 10%
	We have certain customers that represent more than 10 percent of consolidated revenue. The revenue for these customers as a percentage of the consolidated revenue is as follows:
		Three Months Ended March 31,
	Customer	2014	2013
	Southern Nuclear Operating Company	28%	29%
	Siemens Energy, Inc	*	16%
	Tennessee Valley Authority	18%	15%
	General Electric Company	15%	11%
	All others	39%	29%
	Total	100%	100%
	*         Less than 10% of revenue included in “All others” above
	Customers for the Product Solutions segment include original equipment manufacturers, engineering, procurement and construction contractors, owners and operators of oil and gas pipelines, operators of power generation facilities and firms engaged across several process-related industries. Product Solutions segment customers include Siemens Energy, Inc. and General Electric Company. Customers for the Nuclear Services segment and Energy Services segment are varied, but include some major utility companies within the U.S. Our major customers vary over time due to the relative size and duration of our projects and customer outages. The Nuclear Services segment and Energy Services segment customers include Southern Nuclear Operating Company, Tennessee Valley Authority, and Florida Power and Light Company.

SEGMENT_INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2014
SEGMENT INFORMATION	'
SEGMENT INFORMATION	'
	NOTE 11—SEGMENT INFORMATION
	We follow ASC 280—Segment Reporting, to present segment information. We considered the way our management team, most notably our chief operating decision maker, makes operating decisions and assesses performance and considered which components of our enterprise have discrete financial information available. As management makes decisions using a products and services group focus, our analysis resulted in three reportable segments:  the Product Solutions segment, the Energy Services segment, and the Nuclear Services segment.  The Product Solutions segment consists of two product categories:  Auxiliary Products and Electrical Solutions.  The financial results of the 2013 Acquisitions have been included in their respective segment as of their respective acquisition dates.
	For all periods presented, we have excluded the results of operations of our discontinued operations. As a result of our 2011 disposal of the Deltak business unit, certain corporate and other operating costs were reallocated for all periods presented to our continuing operations. In addition, management also reevaluated our primary measure of segment performance and determined that EBITDA should be used as the best measure of segment performance.
	The accounting policies for our segments are the same as those described in Note 2—Summary of Significant Accounting Policies.
	The following tables present information about segment income:
	($ in thousands)	Three months ended March 31,
		2014		2013
	Revenues:
	Product Solutions	$	38,931	$	38,894
	Nuclear Services	57,062		65,012
	Energy Services	8,889		12,804
	Consolidated	$	104,882	$	116,710
	($ in thousands)	Three months ended March 31,
		2014		2013
	Depreciation and Amortization: (1)
	Product Solutions	$	1,656	$	1,224
	Nuclear Services	214		197
	Energy Services	871		10
	Consolidated	$	2,741	$	1,431
	($ in thousands)	Three months ended March 31,
		2014		2013
	Operating Income (Loss):
	Product Solutions	$	983	$	-3,394
	Nuclear Services	1,395		1,275
	Energy Services	-1,791		235
	Consolidated	$	587	$	-1,884
	(1)  Depreciation and Amortization includes $0.5 million and $0.4 million included in the “Cost of Sales” line in the accompanying Condensed Consolidated Statements of Operations.
	The following table presents information which reconciles segment assets to consolidated total assets:
		As of
		March 31,		December 31,
	($ in thousands)	2014		2013
	Assets:
	Product Solutions	$	216,125	$	232,070
	Nuclear Services	76,928		63,897
	Energy Services	47,639		49,782
	Non allocated corporate headquarters assets	20,174		21,649
	Total consolidated assets	$	360,865	$	367,398
	Corporate assets consist primarily of cash and deferred tax assets.
	The following presents the Product Solutions segment revenue by geographical region based on our operating locations. Products are often shipped to other geographical areas but revenue is listed in the region in which the revenue is recognized:
		Three Months Ended March 31,
		2014				2013
		Revenue		Product		Revenue		Product
	($ in thousands)	Recognized In		Shipped To		Recognized In		Shipped To
	United States	$	28,670	$	24,226	$	28,167	$	20,489
	Canada	—		623		—		151
	Europe	5,998		2,644		7,819		958
	Mexico	4,117		—		2,763		279
	Asia	146		4,193		145		4,129
	Middle East	—		366		—		9,065
	South America	—		2,720		—		3,668
	Other	—		4,159		—		155
	Total	$	38,931	$	38,931	$	38,894	$	38,894
	Our Nuclear Services segment revenue, virtually all of which is derived in the U.S., was $57.1 million and $65.0 million during the three months ended March 31, 2014 and 2013, respectively.  Our Energy Services segment revenue, virtually all of which is derived in the U.S., was $8.9 million and $12.8 million during the three months ended March 31, 2014 and 2013, respectively.

SUBSEQUENT_EVENT

SUBSEQUENT EVENT	3 Months Ended
	Mar. 31, 2014
SUBSEQUENT EVENT	'
SUBSEQUENT EVENT	'
	NOTE 12—SUBSEQUENT EVENT
	On May 1, 2014, our Board of Directors declared a cash dividend of $0.09 per share of common stock to the holders of record of our common stock as of the close of business on June 13, 2014 to be paid on or about June 27, 2014.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Basis of Presentation	'
	Basis of Presentation: These unaudited condensed consolidated financial statements have been prepared by us in accordance with accounting principles generally accepted in the U.S.  The information in the condensed consolidated financial statements, in the opinion of management, includes normal recurring adjustments and reflects all adjustments that are necessary for a fair statement of such financial statements.  We believe that the disclosures presented are adequate to represent materially correct interim financial statements.  These condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and related notes for the year ended December 31, 2013 included in our Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on March 17, 2014.
Principles of Consolidation	'
	Principles of Consolidation: The accompanying consolidated financial statements include the accounts of Global Power and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	'
	Use of Estimates: The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying footnotes. Actual results could vary materially from those estimates.
Reclassifications	'
	Reclassifications: Certain reclassifications have been made to prior years consolidated balances to conform with the current year presentation.
Discontinued Operations Presentation	'
	Discontinued Operations Presentation: In August 2011, we completed the sale of substantially all of the operating assets of our Deltak L.L.C. (“Deltak”) business unit. Discontinued operations are presented net of tax. The following notes relate to our continuing operations only unless otherwise noted.
Dollar Amounts	'
	Dollar Amounts: All dollar amounts (except share and per share amounts) presented in the tabulations within the notes to our consolidated financial statements are stated in thousands of dollars, unless otherwise noted.
Long-Lived Assets	'
	Long-Lived Assets: Long-lived assets, such as property, plant, and equipment, and purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If circumstances require a long-lived asset to be tested for possible impairment, we first compare undiscounted cash flows expected to be generated by an asset to the carrying value of the asset. If the carrying value of the long-lived asset is not recoverable on an undiscounted cash flow basis, impairment is recognized to the extent that the carrying value exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. We group long-lived assets by legal entity for purposes of recognition and measurement of an impairment loss as this is the lowest level for which cash flows are independent.
Goodwill and Other Intangible Assets	'
	Goodwill and Other Intangible Assets:   Goodwill is not amortized to expense, but rather, we test goodwill for impairment annually and more frequently if circumstances warrant. Impairment write-downs are charged to results of operations in the period in which the impairment is determined.
	During the three months ended September 30, 2013, we changed our annual impairment testing date from December 31 to the first day of the fourth quarter, which we label as October 1.
	In 2012, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2012-02, “Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment,” which provides entities with the option to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. The Company elected to bypass the qualitative assessment option and continue performing the first step of the goodwill impairment test.
	In connection with our reportable segments, we also assess our reporting units that are operating segments or one level below the operating segment for impairment testing. We consider the management of operating activities, discrete financial information, similarities of economic characteristics, and the nature of the products, production processes, customers, distribution and regulatory environments. For impairment testing of goodwill and other indefinite-lived assets we test TOG as a separate reporting unit from Product Solutions with the remainder tested as the Auxiliary Products and Electrical Solutions product lines.  We test Hetsco as a separate reporting unit from Energy Solutions with the remainder tested as the Industrial Solutions reporting unit, and we test the Nuclear Solutions segment as a reporting unit.
	We did not identify any impairment of our recorded goodwill from our most recent annual testing, which was performed as of October 1, 2013. If certain events occur which might indicate goodwill has been impaired, the goodwill is tested for impairment when such events occur. We have not identified any such events and, accordingly, have not tested goodwill for impairment during the three months ended March 31, 2014.
Adoption of New Accounting Pronouncements	'
	Adoption of New Accounting Pronouncements:
	In March 2014, the FASB issued ASC Update  2014-06 “Technical Corrections and Improvements Related to Glossary Terms” (the “Update”). The amendments in the Update relate to glossary terms and cover a wide range of Topics in the Codification.  These amendments are presented in four sections — Deletion of Master Glossary Terms (Section A), Addition of Master Glossary Term Links (Section B), Duplicate Master Glossary Terms (Section C), and Other Technical Corrections Related to Glossary Terms (Section D).  The amendments in this Update represent changes to clarify the Master Glossary of the Codification, or make improvements to the Master Glossary that are not expected to result in substantive changes to the application of existing guidance or create a significant administrative cost to most entities.  Additionally, the amendments will make the Master Glossary easier to understand, as well as reduce the number of terms that appear in the Master Glossary.  The amendments resulting from this Update do not have transition guidance and will be effective upon issuance for both public and private companies.  The immediate adoption of this standard in March 2014 did not have an impact on our consolidated financial statements, and there was no material impact to our financial statement disclosures.

BUSINESS_AND_ORGANIZATION_Tabl

BUSINESS AND ORGANIZATION (Tables)	3 Months Ended
	Mar. 31, 2014
BUSINESS AND ORGANIZATION	'
Reporting periods and applicable reports	'
	Fiscal Period	Reporting Period	Report to be Filed
	First quarter of fiscal 2014	January 1, 2014 to March 30, 2014	Quarterly Report on Form 10-Q
	Second quarter of fiscal 2014	March 31, 2014 to June 29, 2014	Quarterly Report on Form 10-Q
	Third quarter of fiscal 2014	June 30, 2014 to September 28, 2014	Quarterly Report on Form 10-Q
	Fourth quarter of fiscal 2014	September 29, 2014 to December 31, 2014	Annual Report on Form 10-K
Acquisitions completed	'
	Business Acquired	Date of Closing	Net Assets		Primary Form of
			Acquired		Consideration
			(in millions)
	IBI, LLC	July 9, 2013	$	18.6	Cash
	Hetsco Holdings, Inc.	April 30, 2013	$	32.4	Cash

ACQUISITIONS_Tables

ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2014
Acquisition disclosures	'
Acquisitions completed	'
	Business Acquired	Date of Closing		Net Assets			Primary Form of
				Acquired			Consideration
				(in millions)
	IBI, LLC	July 9, 2013		$	18.6		Cash
	Hetsco Holdings, Inc.	April 30, 2013		$	32.4		Cash
Unaudited pro forma information	'
		Three months ended March 31,
		(unaudited)
	($ in thousands, except per share data)	2014				2013
	Consolidated revenues	$	104,882			$	132,030
	Income from continuing operations before income tax	(96		)		2,403
	Earnings per share from continuing operations:
	Basic	$	(0.01	)		$	0.14
	Diluted	$	(0.01	)		$	0.14
2013 Acquisitions	'
Acquisition disclosures	'
Acquisitions completed	'
	Business Acquired	Date of Closing		Net Assets			Segment		Primary Form of
				Acquired					Consideration
				(in millions)
	IBI, LLC	July 9, 2013		$	18.6		Product Solutions		Cash
	Hetsco Holdings, Inc.	April 30, 2013		$	32.4		Energy Services		Cash
Allocation of consideration paid	'
		2013 Acquisition Activity
		Hetsco Inc.				IBI Power				Total
	Current assets	$	7,733			$	8,304			$	16,037
	Property, plant and equipment	867				2,822				3,689
	Identifiable intangible assets	22,800				9,300				32,100
	Goodwill	12,997				4,542				17,539
	Total assets acquired	44,397				24,968				69,365
	Current liabilities	(2,265		)		(6,327		)		(8,592		)
	Long-term deferred tax liability	(8,645		)		—				(8,645		)
	Other long-term liabilities	(1,089		)		—				(1,089		)
	Net assets acquired	$	32,398			$	18,641			$	51,039
Major classes of acquired intangible assets	'
		Weighted Average
	($ in thousands)	Amortization Years		At Date of
				Acquisition
	Customer Relationships	7		$	19,200
	Trade Names	Indefinite		11,000
	Noncompetes	5		1,900
				$	32,100
Schedule of estimated future aggregate amortization expense of intangible assets	'
	($ in thousands)
	For the Fiscal Year Ending December 31 –
	2014 (remainder of year)	$	2,342
	2015	3,123
	2016	3,123
	2017	3,123
	2018	2,894
	Thereafter	3,814
	Total	$	18,419

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2014
EARNINGS PER SHARE	'
Schedule of calculation of basic and diluted earnings per common share	'
		Three Months Ended March 31,
	($ in thousands, except per share data)	2014				2013
	Net loss:
	Loss from continuing operations		$	(72	)	$	(1,201	)
	Loss from discontinued operations		(7		)	(40		)
	Loss available to common shareholders		$	(79	)	$	(1,241	)
	Basic (Loss) Earnings Per Common Share:
	Weighted Average Common Shares Outstanding		17,090,074			16,772,195
	Basic (loss) earnings per common share from continuing operations		$	—		$	(0.07	)
	Basic loss per common share from discontinued operations		—			—
	Basic (loss) earnings per common share		$	—		$	(0.07	)
	Diluted (Loss) Earnings Per Common Share:
	Weighted Average Common Shares Outstanding		17,090,074			16,772,195
	Effect of Dilutive Securities:
	Unvested portion of restricted stock awards		—			—
	Warrants to purchase common stock		—			—
	Weighted Average Common Shares Outstanding Assuming Dilution		17,090,074			16,772,195
	Diluted (loss) earnings per common share from continuing operations		$	—		$	(0.07	)
	Diluted loss per common share from discontinued operations		—			—
	Diluted (loss) earnings per common share		$	—		$	(0.07	)

INCOME_TAXES_Tables

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2014
INCOME TAXES	'
Schedule of effective income tax rate for continuing operations	'
		Three Months Ended March 31,
		2014	2013
	Effective income tax rate	25.10%	34.00%

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2014
STOCKHOLDERS' EQUITY	'
Information relating to Company's cash dividends declared to common stockholders	'
		Dividend	Dividend		Date of Record for	Dividend Cash
		Declaration Date	per Share		Dividend Payment	Payment Date
	Fiscal year 2014:	March 7, 2014	$	0.09	March 18, 2014	March 28, 2014
Assumptions used to estimate the fair value of market-based restricted stock awards granted	'
	Three Months Ended
		March 31,
		2014
	Expected term (years)	2.75
	Expected volatility	34.70%
	Expected dividend yield	0.00%
	Risk-free interest rate	0.79%
	Weighted-average grant date fair value	$      25.71

OTHER_SUPPLEMENTAL_INFORMATION1

OTHER SUPPLEMENTAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2014
OTHER SUPPLEMENTAL INFORMATION	'
Schedule of other current assets	'
		March 31,			December 31,
	($ in thousands)	2014			2013
	Prepaid expenses	$	2,350		$	2,735
	VAT receivable	3,546			3,216
	Prepaid taxes	623			872
	Other Receivables	174			55
	Other	1,199			1,337
	Total	$	7,892		$	8,215
Schedule of other long-term assets	'
		March 31,				December 31,
	($ in thousands)		2014			2013
	Debt issuance costs, net		$	687		$	751
	Other		428			507
	Total		$	1,115		$	1,258
Schedule of other current liabilities	'
		March 31,				December 31,
	($ in thousands)		2014			2013
	Accrued workers compensation		$	1,499		$	1,659
	Accrued taxes		865			1,524
	Accrued contract obligation		801			1,030
	Accrued job reserves		516			1,387
	Accrued legal and professional fees		387			1,036
	Other		3,111			1,847
	Total		$	7,179		$	8,483
Schedule of other long-term liabilities	'
		March 31,				December 31,
	($ in thousands)		2014			2013
	Uncertain tax liabilities		$	5,065		$	5,054
	Other		839			790
	Total		$	5,904		$	5,844
Schedule of supplemental cash flow disclosures	'
		Three Months Ended March 31,
		2014			2013
	SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
	Cash paid for the period for:
	Interest	$	154		$	78
	Income taxes	$	1		$	355
	Net effect of changes in operating activities
	Decrease in accounts receivable	$	23,609		$	12,069
	Increase (decrease) in inventories	-1,843			9
	Increase (decrease) in costs and estimated earnings in excess of billings	-16,705			4,228
	(Increase) decrease in other current assets	322			-443
	(Increase) decrease in other assets	79			-222
	Decrease in accounts payable	-6,165			-6,435
	Increase in accrued and other liabilities	3,730			3,645
	(Increase) decrease in accrued warranties	-971			7
	Decrease in billings in excess of costs and estimated earnings	-3,703			-5,138
	Changes in operating assets and liabilities	$	-1,647		$	7,720

MAJOR_CUSTOMERS_AND_CONCENTRAT1

MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK (Tables)	3 Months Ended
	Mar. 31, 2014
Accounts receivable	'
Major customers and concentration of credit risk	'
Schedule of customers as a percentage of consolidated amounts	'
		As of	As of
		March 31,	December 31,
	Customer	2014	2013
	General Electric Company	21%	25%
	Southern Nuclear Operating Company	16%	*
	Siemens Energy, Inc	*	21%
	*         Less than 10%
Revenue	'
Major customers and concentration of credit risk	'
Schedule of customers as a percentage of consolidated amounts	'
		Three Months Ended March 31,
	Customer	2014	2013
	Southern Nuclear Operating Company	28%	29%
	Siemens Energy, Inc	*	16%
	Tennessee Valley Authority	18%	15%
	General Electric Company	15%	11%
	All others	39%	29%
	Total	100%	100%
	*         Less than 10% of revenue included in “All others” above

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2014
SEGMENT INFORMATION	'
Schedule of segment income information	'
	($ in thousands)	Three months ended March 31,
		2014		2013
	Revenues:
	Product Solutions	$	38,931	$	38,894
	Nuclear Services	57,062		65,012
	Energy Services	8,889		12,804
	Consolidated	$	104,882	$	116,710
	($ in thousands)	Three months ended March 31,
		2014		2013
	Depreciation and Amortization: (1)
	Product Solutions	$	1,656	$	1,224
	Nuclear Services	214		197
	Energy Services	871		10
	Consolidated	$	2,741	$	1,431
	($ in thousands)	Three months ended March 31,
		2014		2013
	Operating Income (Loss):
	Product Solutions	$	983	$	-3,394
	Nuclear Services	1,395		1,275
	Energy Services	-1,791		235
	Consolidated	$	587	$	-1,884
	(1)  Depreciation and Amortization includes $0.5 million and $0.4 million included in the “Cost of Sales” line in the accompanying Condensed Consolidated Statements of Operations.
Schedule of reconciliation of consolidated assets by segment	'
		As of
		March 31,		December 31,
	($ in thousands)	2014		2013
	Assets:
	Product Solutions	$	216,125	$	232,070
	Nuclear Services	76,928		63,897
	Energy Services	47,639		49,782
	Non allocated corporate headquarters assets	20,174		21,649
	Total consolidated assets	$	360,865	$	367,398
Schedule of Product Solutions segment revenue by geographical region based on operating locations	'
		Three Months Ended March 31,
		2014				2013
		Revenue		Product		Revenue		Product
	($ in thousands)	Recognized In		Shipped To		Recognized In		Shipped To
	United States	$	28,670	$	24,226	$	28,167	$	20,489
	Canada	—		623		—		151
	Europe	5,998		2,644		7,819		958
	Mexico	4,117		—		2,763		279
	Asia	146		4,193		145		4,129
	Middle East	—		366		—		9,065
	South America	—		2,720		—		3,668
	Other	—		4,159		—		155
	Total	$	38,931	$	38,931	$	38,894	$	38,894

BUSINESS_AND_ORGANIZATION_Deta

BUSINESS AND ORGANIZATION (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Jul. 09, 2013	Dec. 31, 2013	Apr. 30, 2013
	Item	IBI, LLC	IBI, LLC	Hetsco Holdings, Inc.	Hetsco Holdings, Inc.
	segment
BUSINESS AND ORGANIZATION	'	'	'	'	'
Number of reportable segments	3	'	'	'	'
Number of primary product categories included in the Product Solutions segment	2	'	'	'	'
Number of weeks in each quarterly reporting period	'91 days	'	'	'	'
Number of weeks in the first reporting period of each quarter	'28 days	'	'	'	'
Number of weeks in the second reporting period of each quarter	'28 days	'	'	'	'
Number of weeks in the third reporting period of each quarter	'35 days	'	'	'	'
Acquisition disclosures	'	'	'	'	'
Net Assets Acquired	'	$18,641	$18,600	$32,398	$32,400

ACQUISITIONS_Details

ACQUISITIONS (Details) (USD $)	12 Months Ended					0 Months Ended			0 Months Ended
	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2013	Jul. 09, 2013	Jan. 31, 2014	Dec. 31, 2013	Apr. 30, 2013	Dec. 31, 2013
	Item		Revolving Credit Facility	2013 Acquisitions	2013 Acquisitions	IBI, LLC	IBI, LLC	IBI, LLC	Hetsco Holdings, Inc.	Hetsco Holdings, Inc.
					Revolving Credit Facility
Acquisition disclosures	'	'	'	'	'	'	'	'	'	'
Percentage of equity acquired	100.00%	'	'	'	'	'	'	'	'	'
Number of businesses acquired	2	'	'	'	'	'	'	'	'	'
Number of products companies acquired	1	'	'	'	'	'	'	'	'	'
Number of industrial gas services company acquired	1	'	'	'	'	'	'	'	'	'
Net Assets Acquired	'	'	'	$51,039,000	'	$18,600,000	'	$18,641,000	$32,400,000	$32,398,000
Aggregate acquisition consideration payable	'	'	'	'	'	'	700,000	'	'	'
Maximum Borrowing Capacity	'	'	150,000,000	'	150,000,000	'	'	'	'	'
Allocation of consideration paid for acquisition	'	'	'	'	'	'	'	'	'	'
Aggregate acquisition price	'	'	'	'	'	18,600,000	'	'	32,400,000	'
Current assets	'	'	'	16,037,000	'	'	'	8,304,000	'	7,733,000
Property, plant and equipment	'	'	'	3,689,000	'	'	'	2,822,000	'	867,000
Identifiable intangible assets	'	'	'	32,100,000	'	'	'	9,300,000	'	22,800,000
Goodwill	109,930,000	106,884,000	'	17,539,000	'	'	'	4,542,000	'	12,997,000
Total assets acquired	'	'	'	69,365,000	'	'	'	24,968,000	'	44,397,000
Current liabilities	'	'	'	-8,592,000	'	'	'	-6,327,000	'	-2,265,000
Long-term deferred tax liability	'	'	'	-8,645,000	'	'	'	'	'	-8,645,000
Other long-term liabilities	'	'	'	-1,089,000	'	'	'	'	'	-1,089,000
Net assets acquired	'	'	'	$51,039,000	'	$18,600,000	'	$18,641,000	$32,400,000	$32,398,000

ACQUISITIONS_Details_2

ACQUISITIONS (Details 2) (2013 Acquisitions, USD $)	3 Months Ended		12 Months Ended			12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
			Minimum	Maximum	Trade Names	Customer Relationships	Noncompetes
Acquisition disclosures	'	'	'	'	'	'	'
Amortization of intangible assets	$1,200,000	'	'	'	'	'	'
Weighted Average Amortization Years	'	'	'5 years	'7 years	'	'7 years	'5 years
Identifiable intangible assets	32,100,000	32,100,000	'	'	11,000,000	19,200,000	1,900,000
Estimated future aggregate amortization expense of intangible assets	'	'	'	'	'	'	'
2014 (remainder of year)	2,342,000	'	'	'	'	'	'
2015	3,123,000	'	'	'	'	'	'
2016	3,123,000	'	'	'	'	'	'
2017	3,123,000	'	'	'	'	'	'
2018	2,894,000	'	'	'	'	'	'
Thereafter	3,814,000	'	'	'	'	'	'
Total	$18,419,000	'	'	'	'	'	'

ACQUISITIONS_Details_3

ACQUISITIONS (Details 3) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Jan. 02, 2012
			IBI Power and Hetsco
Proforma information	'	'	'
Consolidated revenues	$104,882,000	$132,030,000	'
Income from continuing operations before income tax	-96,000	2,403,000	'
Earnings per share from continuing operations:	'	'	'
Basic (in dollars per share)	($0.01)	$0.14	'
Diluted (in dollars per share)	($0.01)	$0.14	'
Transaction costs related to the acquisition	'	'	$1,700,000
Estimated domestic statutory tax rate (as a percent)	39.00%	'	'

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net loss:	'	'
Loss from continuing operations	($72)	($1,201)
Loss from discontinued operations	-7	-40
Loss available to common shareholders	($79)	($1,241)
Basic (Loss) Earnings Per Common Share:	'	'
Weighted Average Common Shares Outstanding	17,090,074	16,772,195
Basic (loss) earnings per common share from continuing operations (in dollars per share)	'	($0.07)
Loss per common share - basic (in dollars per share)	'	($0.07)
Diluted (Loss) Earnings Per Common Share:	'	'
Weighted Average Common Shares Outstanding	17,090,074	16,772,195
Weighted Average Common Shares Outstanding Assuming Dilution	17,090,074	16,772,195
Diluted (loss) earnings per common share from continuing operations (in dollars per share)	'	($0.07)
Loss per common share - diluted (in dollars per share)	'	($0.07)

EARNINGS_PER_SHARE_Details_2

EARNINGS PER SHARE (Details 2)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
EARNINGS PER SHARE	'	'
Outstanding stock equivalents excluded from diluted earnings per share calculations	147,611	501,041
Unvested performance-based restricted stock awards excluded from calculation of basic and diluted earnings per common share	255,084	60,370

INCOME_TAXES_Details

INCOME TAXES (Details)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
INCOME TAXES	'	'
Effective income tax rate (as a percent)	25.10%	34.00%
Statutory federal income tax rate (as a percent)	35.00%	'

INCOME_TAXES_Details_2

INCOME TAXES (Details 2) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
INCOME TAXES	'	'	'
Amount of future financial taxable income needed to realize deferred tax assets	$81,400,000	'	$104,200,000
Liability for unrecognized tax benefits	4,700,000	4,700,000	'
Accrued interest and penalties related to uncertain income tax positions	$2,300,000	'	'

DEBT_Details

DEBT (Details) (USD $)

3 Months Ended

3 Months Ended

1 Months Ended

3 Months Ended

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Maximum

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Revolving Credit Facility

Letters of credit

Stand-by letters of credit

Stand-by letters of credit

Surety bonds

Maximum

Base Rate loans

Base Rate loans

Base Rate loans

LIBOR-based loans

LIBOR-based loans

LIBOR-based loans

US

Non-U.S. entities

Minimum

Maximum

Minimum

Maximum

Credit Facilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Credit Facility, Maximum Borrowing Capacity

'

'

'

'

$150,000,000

$150,000,000

'

'

'

'

'

'

'

$75,000,000

'

'

'

Outstanding borrowings

'

'

'

'

25,000,000

25,000,000

'

'

'

'

'

'

'

'

'

'

'

Borrowed amount

'

'

'

'

12,000,000

12,000,000

'

'

'

'

'

'

'

'

'

'

29,600,000

Repayment of revolving credit facility

10,000,000

'

'

'

10,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Weighted-average interest rate on Revolving Credit Facility borrowings

'

'

'

'

2.50%

2.50%

'

'

'

'

'

'

'

'

'

'

'

Amount available under revolving credit facility

'

'

'

'

'

'

115,900,000

'

'

'

'

'

'

'

'

'

'

Unused line fee (as a percent)

'

'

'

'

'

0.20%

'

'

'

'

'

'

'

'

'

'

'

Interest rate on letters of credit issued under the revolving letter of credit sublimit

'

'

'

'

'

'

'

'

'

'

'

'

'

1.25%

'

'

'

Variable interest rate basis

'

'

'

'

'

'

'

'Base Rate

'

'

'LIBOR

'

'

'

'

'

'

Interest rate percentage

'

'

'

'

'

'

'

'

0.25%

1.25%

'

1.25%

2.25%

'

'

'

'

Outstanding letter of credit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,100,000

5,900,000

'

Amounts drawn upon letters of credit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

0

'

Amount of interest expense associated with amortization of deferred financing costs

'

0

'

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Unamortized deferred financing fees

$687,000

'

$751,000

'

$700,000

$700,000

'

'

'

'

'

'

'

'

'

'

'

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Aug. 05, 2011	Dec. 31, 2013	Feb. 04, 2014
			Deltak Business Operating Net Assets	Deltak Business Operating Net Assets	Deltak Business Operating Net Assets
					Maximum
Commitments and contingencies	'	'	'	'	'
Escrow account for contingencies under 2011 Purchase Agreement	'	'	$7,000,000	'	'
Escrow deposit initially setup subject to a five year escrow term	'	'	6,200,000	'	'
Escrow term	'	'	'5 years	'	'
Escrow deposit subject to scheduled release	'	'	800,000	'	'
Short-term restricted cash	71,000	120,000	3,100,000	100,000	'
Long-term restricted cash	'	'	3,800,000	'	'
Claims for indemnification from the Buyer	'	'	'	2	'
Escrow term	'	'	'5 years	'	'
Cash received from escrow	'	'	'	'	$100,000

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details 2) (Change in senior leadership, rescinded, USD $)	Jul. 17, 2013
In Millions, unless otherwise specified
Change in senior leadership, rescinded	'
Commitments and contingencies	'
Unrecorded contingent liability	$0.50

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (Dividend declared March 7, 2014, USD $)	0 Months Ended	3 Months Ended
	Mar. 07, 2014	Mar. 31, 2014
Dividend declared March 7, 2014	'	'
Dividend Declaration	'	'
Dividend Declaration Date	'	7-Mar-14
Dividend per Share (in dollars per share)	$0.09	'
Date of Record for Dividend Payment	'	18-Mar-14
Dividend Cash Payment Date	'	28-Mar-14

STOCKHOLDERS_EQUITY_Details_2

STOCKHOLDERS' EQUITY (Details 2) (USD $)

3 Months Ended

12 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

In Millions, except Share data, unless otherwise specified

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2012

Mar. 31, 2014

Mar. 31, 2013

31-May-12

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Maximum

Maximum

Maximum

Performance vesting

Performance vesting

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

One Year Performance Period Awards

Three Year Performance Period Awards

Maximum

Service vesting

Service vesting

Service vesting

Service vesting

Performance vesting

Performance vesting

Performance vesting

Performance vesting

Performance vesting

Market-based vesting

Market-based vesting

Market-based vesting

Vesting period one

Vesting period two

Vesting period three

One Year Performance Period Awards

Three Year Performance Period Awards

Three Year Performance Period Awards

Three Year Performance Period Awards

Minimum

Maximum

Minimum

Maximum

Stockholders' equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount of dividend equivalents to be paid on forfeited unvested restricted stock awards

'

'

'

'

'

'

'

'

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-cash accrual for unpaid dividend equivalents for unvested restricted stock awards

'

'

'

'

'

'

'

'

0.2

'

'

'

'

'

'

'

'

'

'

'

'

'

Accumulated dividend equivalents paid

'

'

'

'

'

'

'

'

'

0.1

'

'

'

'

'

'

'

'

'

'

'

'

Vested and released shares of restricted stock awards

'

'

'

'

'

'

'

'

86,934

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Repurchase Program:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Authorized repurchase of shares

'

'

'

'

'

2,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock repurchases

0

0

421,731

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock repurchases Value

'

'

6.8

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Foreign Currency Translation:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unrealized loss resulting from foreign currency adjustments

'

'

'

0.1

0.8

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock-based Compensation:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vesting shares of restricted stock awards

'

'

'

'

'

'

'

'

66,167

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-cash accrual related to the payment of statutory taxes

'

'

'

'

'

'

'

'

0.5

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted shares of restricted stock awards

'

'

'

'

'

'

'

'

'

'

110,903

'

'

'

90,623

10,000

80,623

'

'

80,623

'

'

Weighted average fair value price per share (in dollars per share)

'

'

'

'

'

'

'

'

'

'

$19.66

'

'

'

$19.89

'

'

'

'

$25.71

'

'

Vesting period

'

'

'

'

'

'

'1 year

'3 years

'

'

'

'1 year

'3 years

'4 years

'

'

'

'

'

'3 years

'

'

EBITDA target

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30

'

'

'

'

'

'

Percentage of shares based on actual achievement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.00%

200.00%

'

'

'

Restricted stock performance units eligible to vest (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.00%

200.00%

Number of shares that would vest if performance goals are not met

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

Stock compensation expense if performance goals are not met

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

'

'

'

'

'

STOCKHOLDERS_EQUITY_Details_3

STOCKHOLDERS' EQUITY (Details 3) (Restricted Stock, Market-based vesting, USD $)	3 Months Ended
	Mar. 31, 2014
Restricted Stock | Market-based vesting	'
Expected term (years)	'2 years 9 months
Expected volatility	34.70%
Expected dividend yield	0.00%
Risk-free interest rate	0.79%
Weighted-average grant date fair value (in dollars per share)	$25.71

OTHER_SUPPLEMENTAL_INFORMATION2

OTHER SUPPLEMENTAL INFORMATION (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
OTHER SUPPLEMENTAL INFORMATION	'	'
Prepaid expenses	$2,350	$2,735
VAT receivable	3,546	3,216
Prepaid taxes	623	872
Other receivable	174	55
Other	1,199	1,337
Total	$7,892	$8,215

OTHER_SUPPLEMENTAL_INFORMATION3

OTHER SUPPLEMENTAL INFORMATION (Details 2) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
OTHER SUPPLEMENTAL INFORMATION	'	'
Debt issuance costs, net	$687	$751
Other	428	507
Total	$1,115	$1,258

OTHER_SUPPLEMENTAL_INFORMATION4

OTHER SUPPLEMENTAL INFORMATION (Details 3) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
OTHER SUPPLEMENTAL INFORMATION	'	'
Accrued workers compensation	$1,499	$1,659
Accrued taxes	865	1,524
Accrued contract obligation	801	1,030
Accrued job reserves	516	1,387
Accrued legal and professional fees	387	1,036
Other	3,111	1,847
Total	$7,179	$8,483

OTHER_SUPPLEMENTAL_INFORMATION5

OTHER SUPPLEMENTAL INFORMATION (Details 4) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
OTHER SUPPLEMENTAL INFORMATION	'	'
Uncertain tax liabilities	$5,065	$5,054
Other	839	790
Total	$5,904	$5,844

OTHER_SUPPLEMENTAL_INFORMATION6

OTHER SUPPLEMENTAL INFORMATION (Details 5) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash paid for the period for:	'	'
Interest	$154	$78
Income taxes	1	355
Net effect of changes in operating activities	'	'
Decrease in accounts receivable	23,609	12,069
Increase (decrease) in inventories	-1,843	9
Increase (decrease) in costs and estimated earnings in excess of billings	-16,705	4,228
(Increase) decrease in other current assets	322	-443
(Increase) decrease in other assets	79	-222
Decrease in accounts payable	-6,165	-6,435
Increase in accrued and other liabilities	3,730	3,645
(Increase) decrease in accrued warranties	-971	7
Decrease in billings in excess of costs and estimated earnings	-3,703	-5,138
Changes in operating assets and liabilities	($1,647)	$7,720

MAJOR_CUSTOMERS_AND_CONCENTRAT2

MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK (Details) (Accounts receivable)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
General Electric Company	'	'
Concentration Risk	'	'
Concentration risk percentage	21.00%	25.00%
Southern Nuclear Operating Company	'	'
Concentration Risk	'	'
Concentration risk percentage	16.00%	'
Siemens Energy Inc	'	'
Concentration Risk	'	'
Concentration risk percentage	'	21.00%

MAJOR_CUSTOMERS_AND_CONCENTRAT3

MAJOR CUSTOMERS AND CONCENTRATION OF CREDIT RISK (Details 2) (Revenue)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Concentration Risk	'	'
Concentration risk percentage	100.00%	100.00%
Southern Nuclear Operating Company	'	'
Concentration Risk	'	'
Concentration risk percentage	28.00%	29.00%
Siemens Energy Inc	'	'
Concentration Risk	'	'
Concentration risk percentage	'	16.00%
Tennessee Valley Authority	'	'
Concentration Risk	'	'
Concentration risk percentage	18.00%	15.00%
General Electric Company	'	'
Concentration Risk	'	'
Concentration risk percentage	15.00%	11.00%
All Others	'	'
Concentration Risk	'	'
Concentration risk percentage	39.00%	29.00%

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
	Item
	segment
SEGMENT INFORMATION	'	'
Number of reportable segments	3	'
Segment reporting disclosures	'	'
Number of product categories included in the segment	2	'
Revenues:	$104,882	$116,710
Depreciation and Amortization:	2,741	1,431
Operating Income (Loss):	587	-1,884
Cost of Sales	'	'
Segment reporting disclosures	'	'
Depreciation and Amortization:	500	400
Product Solutions Segment	'	'
Segment reporting disclosures	'	'
Number of product categories included in the segment	2	'
Revenues:	38,931	38,894
Depreciation and Amortization:	1,656	1,224
Operating Income (Loss):	983	-3,394
Nuclear Services Segment	'	'
Segment reporting disclosures	'	'
Revenues:	57,062	65,012
Depreciation and Amortization:	214	197
Operating Income (Loss):	1,395	1,275
Energy Services Segment	'	'
Segment reporting disclosures	'	'
Revenues:	8,889	12,804
Depreciation and Amortization:	871	10
Operating Income (Loss):	($1,791)	$235

SEGMENT_INFORMATION_Details_2

SEGMENT INFORMATION (Details 2) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Segment reporting disclosures	'	'
Total consolidated assets	$360,865	$367,398
Operating segments | Product Solutions Segment	'	'
Segment reporting disclosures	'	'
Total consolidated assets	216,125	232,070
Operating segments | Nuclear Services Segment	'	'
Segment reporting disclosures	'	'
Total consolidated assets	76,928	63,897
Operating segments | Energy Services Segment	'	'
Segment reporting disclosures	'	'
Total consolidated assets	47,639	49,782
Non allocated corporate headquarters assets	'	'
Segment reporting disclosures	'	'
Total consolidated assets	$20,174	$21,649

SEGMENT_INFORMATION_Details_3

SEGMENT INFORMATION (Details 3) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	$104,882	$116,710
Product Solutions Segment	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	38,931	38,894
Product Solutions Segment | Revenue Recognized In	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	38,931	38,894
Product Solutions Segment | Product Shipped To	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	38,931	38,894
Product Solutions Segment | United States | Revenue Recognized In	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	28,670	28,167
Product Solutions Segment | United States | Product Shipped To	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	24,226	20,489
Product Solutions Segment | Canada | Product Shipped To	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	623	151
Product Solutions Segment | Europe | Revenue Recognized In	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	5,998	7,819
Product Solutions Segment | Europe | Product Shipped To	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	2,644	958
Product Solutions Segment | Mexico | Revenue Recognized In	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	4,117	2,763
Product Solutions Segment | Mexico | Product Shipped To	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	'	279
Product Solutions Segment | Asia | Revenue Recognized In	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	146	145
Product Solutions Segment | Asia | Product Shipped To	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	4,193	4,129
Product Solutions Segment | Middle East | Product Shipped To	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	366	9,065
Product Solutions Segment | South America | Product Shipped To	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	2,720	3,668
Product Solutions Segment | Other | Product Shipped To	'	'
Schedule Of Revenue And Product Shipped By Geographical Segment	'	'
Revenue	$4,159	$155

SEGMENT_INFORMATION_Details_4

SEGMENT INFORMATION (Details 4) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Segment information	'	'
Revenue	$104,882	$116,710
Nuclear Services Segment	'	'
Segment information	'	'
Revenue	57,062	65,012
Nuclear Services Segment | U.S.	'	'
Segment information	'	'
Revenue	57,100	65,000
Energy Services Segment	'	'
Segment information	'	'
Revenue	8,889	12,804
Energy Services Segment | U.S.	'	'
Segment information	'	'
Revenue	$8,900	$12,800

SUBSEQUENT_EVENT_Details

SUBSEQUENT EVENT (Details) (Subsequent Event, USD $)	0 Months Ended	3 Months Ended
	1-May-14	Mar. 31, 2014
Subsequent Event	'	'
Subsequent events	'	'
Cash dividend declared (in dollars per share)	$0.09	'
Dividend declared date	'	1-May-14
Date of record for dividend payment	'	13-Jun-14
Date of cash payment of dividend	'	27-Jun-14