Consolidated Selling, General and Administrative Expenses Amortization of Intangible Assets Net Income (Loss)  Backlog Restructuring and Relocation Costs Twelve Months Ended September 30, 2012 Compared to  Twelve Months Ended September 30, 2011 Revenue and Gross Profit Electrical Power Products Gain on Settlement Income Tax Provision  19 Our provision for income taxes reflected an effective tax rate on  earnings before income taxes of 17.1% in Fiscal 2013 compared  to 38.5% in Fiscal 2012. The effective tax rate for Fiscal 2013 has  Electrical Power Products business segment revenues increased  28.7%, or $153.3 million, to $686.6 million in Fiscal 2012. Revenues  increased primarily as a result of an increase in project activity in  certain markets. Revenues from public and private utilities decreased  $51.3 million to $115.3 million in Fiscal 2012. Revenues from  commercial and industrial customers increased $202.2 million to  $522.7 million in Fiscal 2012. Revenues from municipal and transit  projects increased $2.4 million to $48.6 in Fiscal 2012. In March 2013, we settled a lawsuit we had filed against the previous  owners of Powell Canada in the amount of $1.7 million, which was  received in April 2013. In the third quarter of Fiscal 2013, we recorded and paid $1.1  million related to severance at our United Kingdom operations.  These operations were negatively impacted by market conditions  and competitive pressures in the international markets in which  they operate; therefore, we exited certain non-core operations and  eliminated certain positions to better align our workforce with current  market conditions. We have incurred approximately $2.8 million in Fiscal 2013 related  to relocation efforts in connection with the construction of our new  facility in Houston, Texas and our new facility in Acheson, Alberta,  Canada. These costs were primarily related to the relocation of  our operations, the loss on the sublease, and the abandonment  of leasehold improvements on the previously occupied facilities in  the second half of Fiscal 2013. The construction of our two new  facilities was substantially completed in September 2013 and we  have relocated the majority of our operations and personnel from  their previously leased facilities. Consolidated revenues increased 27.5%, or $154.8 million, to  $717.2 million in Fiscal 2012. Domestic revenues increased by 8.9%,  or $33.9 million, to $412.8 million in Fiscal 2012 and international  revenues increased 65.9%, or $120.9 million, to $304.4 million in Fiscal  2012. Revenues increased primarily as a result of an increase in activity  in complex petrochemical and oil and gas construction projects, as a  result of our Electrical Power Products business segment. Gross profit in Fiscal 2012 increased 40.0%, or $40.0 million, to  $139.9 million in Fiscal 2012. Gross profit as a percentage of revenues  increased to 19.5% in Fiscal 2012, compared to 17.8% in Fiscal  2011, primarily as a result of our Electrical Power Products business  segment. Operating results by segment are discussed below. During Fiscal 2013, we recorded restructuring and relocation  charges totaling $3.9 million. These charges were related to our  Electrical Power Products business segment. The order backlog at September 30, 2013, was $516.6 million,  compared to $436.7 million at September 30, 2012. New orders  placed during Fiscal 2013 totaled $757.0 million compared to  $710.7 million in Fiscal 2012. The backlog for Fiscal 2013 has  increased primarily due to continued strength in oil and gas  production projects, refining projects and transportation markets.  Amortization of intangible assets decreased to $1.7 million in Fiscal  2013, compared to $2.6 million in Fiscal 2012, as certain intangible  assets have become fully amortized.  In Fiscal 2013, we recorded net income of $42.1 million, or earnings  of $3.51 per diluted share compared to net income of $29.7 million,  or earnings of $2.49 per diluted share in Fiscal 2012. Net income  in Fiscal 2013 was positively impacted by the recovery of $3.8  million from the Canadian contract settlement and the favorable tax  benefits discussed above.  Selling, general and administrative expenses increased $2.2 million  to $83.5 million in Fiscal 2013. Selling, general and administrative  expenses, as a percentage of revenues, increased to 12.4% in  Fiscal 2013 from 11.3% in Fiscal 2012. This increase is primarily  related to increased personnel costs and increased long-term  incentive compensation resulting from higher levels of operating  performance over the three-year performance cycle. This increase  in selling, general and administrative expenses was offset by a  decrease in depreciation expense as our Business Systems became  fully depreciated in December 2012. Additionally, selling, general  and administrative costs for Fiscal 2013 were favorably impacted  by the capitalization of certain personnel costs in Fiscal 2013  associated with the development and implementation of our new  Business Systems. However, the favorable impact of depreciation  expense and capitalization of certain personnel costs will no longer  be realized once the Business Systems are implemented in our fiscal  year ending September 30, 2014.  been favorably impacted by the release of the $7 million valuation  allowance recorded as an offset to the prior years’ Canadian pre- tax losses. We believe that it is more likely than not that the market  conditions and our operating results going forward will allow us to  realize the deferred tax assets associated with the prior year losses  in Canada. The rate for Fiscal 2013 was also favorably impacted  by the Federal Research and Development Tax Credit and the  utilization of certain foreign tax credits. The effective tax rate for  Fiscal 2012 was negatively impacted by our inability to record a tax  benefit related to pre-tax losses in Canada. For further information  on the effective tax rate for Fiscal 2013, see Note H of the Notes  to Consolidated Financial Statements included elsewhere in this  Annual Report.