Reporting Segments | Segment and Geographic Information The structure of the Company’s internal organization is divided into the following reportable segments, which are also the Company’s operating segments: E&C, D&S and BioMedical. The Company’s reportable segments are business units that are each managed separately because they manufacture, offer and distribute distinct products with different production processes and sales and marketing approaches. The E&C and D&S segments manufacture products used primarily in energy-related and industrial applications, such as the separation, liquefaction, distribution and storage of hydrocarbon and industrial gases. The BioMedical segment supplies cryogenic and other equipment used in the medical, biological research and animal breeding industries. Due to the nature of the products that each segment sells, intersegment sales are not material. Corporate includes operating expenses for executive management, accounting, tax, treasury, corporate development, human resources, information technology, investor relations, legal, internal audit, risk management and share-based compensation expenses that are not allocated to the reporting segments. The Company evaluates performance and allocates resources based on operating income or loss from continuing operations before interest expense, net, financing costs amortization, foreign currency loss (gain), income tax expense, net and noncontrolling interests, net of taxes. The accounting policies of the reportable segments are the same as those described in Note 2. Segment Financial Information Year Ended December 31, 2015 Energy & Chemicals Distribution & Storage BioMedical Corporate Total Sales to external customers $ 330,968 $ 487,557 $ 221,635 $ — $ 1,040,160 Depreciation and amortization expense 11,805 18,289 12,039 3,315 45,448 Operating (loss) income (1) (8,138 ) 41,732 (164,284 ) (52,533 ) (183,223 ) Total assets (2) 251,810 689,112 224,443 36,611 1,201,976 Capital expenditures 4,074 36,835 3,849 2,281 47,039 Year Ended December 31, 2014 Energy & Distribution & BioMedical Corporate Total Sales to external customers $ 388,018 $ 578,806 $ 226,128 $ — $ 1,192,952 Depreciation and amortization expense 9,649 16,749 13,842 2,936 43,176 Operating income (loss) (3) 79,665 85,213 25,694 (52,415 ) 138,157 Total assets (2) 322,936 666,451 396,320 76,356 1,462,063 Capital expenditures 24,834 29,583 3,484 4,234 62,135 Year Ended December 31, 2013 Energy & Distribution & BioMedical Corporate Total Sales to external customers $ 318,510 $ 592,616 $ 266,312 $ — $ 1,177,438 Depreciation and amortization expense 8,564 15,237 14,618 1,970 40,389 Operating income (loss) 59,671 93,560 33,039 (50,273 ) 135,997 Total assets (2) 277,760 676,484 431,763 75,623 1,461,630 Capital expenditures 34,194 32,039 3,370 2,982 72,585 _______________ (1) Includes asset impairment charges of $255,116 for the year ended December 31, 2015, attributed to E&C - $68,796 , D&S - $2,020 , and BioMedical - $184,300 . (2) Corporate assets consist primarily of cash, cash equivalents and deferred income taxes. (3) The BioMedical segment’s operating income included recovery of $5,003 increasing operating income for the year ended December 31, 2014 from an escrow settlement for breaches of representations and warranties relating to warranty costs (which are in excess of the settlement amount) for certain product lines acquired from AirSep in 2012. The following table represents the changes in goodwill by segment: Energy & Chemicals Distribution & Storage BioMedical Total Balance at January 1, 2014 $ 83,215 $ 160,054 $ 155,636 $ 398,905 Foreign currency translation adjustments and other 130 (2,806 ) — (2,676 ) Goodwill acquired during the year 9,293 — — 9,293 Balance at December 31, 2014 92,638 157,248 155,636 405,522 Foreign currency translation adjustments and other (162 ) (1,909 ) 184 (1,887 ) Goodwill acquired during the year — 10,601 — 10,601 Impairment loss (64,603 ) — (131,243 ) (195,846 ) Balance at December 31, 2015 $ 27,873 $ 165,940 $ 24,577 $ 218,390 Accumulated goodwill impairment loss $ 64,603 $ — $ 131,243 $ 195,846 Product Sales Information Year Ended December 31, 2015 2014 2013 Energy & Chemicals Natural gas processing (including petrochemical) applications $ 180,909 $ 208,706 $ 175,397 Liquefied natural gas applications 136,049 143,870 114,567 Industrial gas applications 14,010 35,442 28,546 Total Energy & Chemicals 330,968 388,018 318,510 Distribution & Storage Bulk industrial gas applications 203,834 204,214 241,291 Packaged gas industrial applications 167,814 164,966 158,293 Liquefied natural gas applications 115,909 209,626 193,032 Total Distribution & Storage 487,557 578,806 592,616 BioMedical Respiratory therapy 132,321 141,273 175,233 Life sciences 64,641 65,948 61,493 Commercial oxygen generation 24,673 18,907 29,586 Total BioMedical 221,635 226,128 266,312 Total $ 1,040,160 $ 1,192,952 $ 1,177,438 Geographic Information Net sales by geographic area are reported by the destination of sales. Net property, plant and equipment by geographic area are reported by country of domicile. Sales for the Year Ended December 31, 2015 2014 2013 United States $ 513,691 $ 560,846 $ 479,067 Foreign China 109,978 188,047 231,143 Other foreign countries 416,491 444,059 467,228 Total Foreign $ 526,469 $ 632,106 $ 698,371 Total $ 1,040,160 $ 1,192,952 $ 1,177,438 Property, plant and equipment, net as of December 31, 2015 2014 2013 United States $ 153,987 $ 163,425 $ 146,610 Foreign Czech Republic 19,742 22,511 23,623 China 79,691 57,580 38,569 Germany 12,246 13,495 14,618 Other foreign countries 611 634 785 Total Foreign $ 112,290 $ 94,220 $ 77,595 Total $ 266,277 $ 257,645 $ 224,205 |