Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Operating Results and Other Financial Data

Segment operating results and other financial data for the quarters and six months ended June 30, 2020 and 2019 were as follows:

	Quarters Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(in millions)
Sales
Sealing Products	$	189.9	$	231.3	$	399.6	$	448.5
Engineered Products	58.6		87.3		133.7		174.7
	248.5		318.6		533.3		623.2
Intersegment sales	(1.5)		(1.4)		(3.6)		(3.0)
Net sales	$	247.0	$	317.2	$	529.7	$	620.2
Segment Profit (Loss)
Sealing Products	$	11.0	$	27.9	$	36.5	$	48.4
Engineered Products	(0.3)		11.6		3.3		18.1
Total segment profit	10.7		39.5		39.8		66.5
Corporate expenses	(7.1)		(7.8)		(15.6)		(17.4)
Interest expense, net	(3.5)		(4.2)		(7.5)		(8.7)
Other expense, net	(1.5)		(2.2)		(0.2)		(4.5)
Income (loss) from continuing operations before income taxes	$	(1.4)	$	25.3	$	16.5	$	35.9

Schedule of Total Assets Segment

Segment assets are as follows:

	June 30, 2020		December 31, 2019
	(in millions)
Sealing Products	$	1,288.4	$	1,316.5
Engineered Products	252.1		259.4
Corporate	514.9		205.1
Discontinued operations	—		254.1
	$	2,055.4	$	2,035.1

Disaggregation of Revenue

Below is a summary of our third party sales by major end market with which we did business for the quarters and six months ended June 30, 2020 and 2019:

	Quarter Ended June 30, 2020
(in millions)	Sealing Products		Engineered Products		Total
Aerospace	$	12.5	$	1.2	$	13.7
Automotive	0.2		7.3		7.5
Chemical and material processing	12.8		11.6		24.4
Food and pharmaceutical	13.6		0.3		13.9
General industrial	36.6		18.7		55.3
Medium-duty/heavy-duty truck	54.1		—		54.1
Oil and gas	5.4		15.0		20.4
Power generation	11.1		4.4		15.5
Semiconductors	41.7		—		41.7
Other	0.5		—		0.5
Total third party sales	$	188.5	$	58.5	$	247.0

	Quarter Ended June 30, 2019
(in millions)	Sealing Products		Engineered Products		Total
Aerospace	$	14.8	$	3.0	$	17.8
Automotive	0.5		22.5		23.0
Chemical and material processing	13.2		13.0		26.2
Food and pharmaceutical	9.5		0.1		9.6
General industrial	43.1		24.4		67.5
Medium-duty/heavy-duty truck	97.8		0.1		97.9
Oil and gas	7.7		19.4		27.1
Power generation	12.7		2.3		15.0
Semiconductors	27.0		—		27.0
Other	3.9		2.2		6.1
Total third party sales	$	230.2	$	87.0	$	317.2

	Six Months Ended June 30, 2020
(in millions)	Sealing Products		Engineered Products		Total
Aerospace	$	25.0	$	3.5	$	28.5
Automotive	0.4		27.8		28.2
Chemical and material processing	25.7		21.7		47.4
Food and pharmaceutical	24.8		0.8		25.6
General industrial	82.6		38.1		120.7
Medium-duty/heavy-duty truck	122.9		0.1		123.0
Oil and gas	13.5		32.3		45.8
Power generation	21.0		8.8		29.8
Semiconductors	78.2		—		78.2
Other	2.4		0.1		2.5
Total third party sales	$	396.5	$	133.2	$	529.7

	Six Months Ended June 30, 2019
(in millions)	Sealing Products		Engineered Products		Total
Aerospace	$	26.9	$	5.7	$	32.6
Automotive	1.5		45.8		47.3
Chemical and material processing	28.6		25.2		53.8
Food and pharmaceutical	19.2		0.3		19.5
General industrial	85.9		50.7		136.6
Medium-duty/heavy-duty truck	187.0		0.4		187.4
Oil and gas	15.7		37.0		52.7
Power generation	23.3		4.7		28.0
Semiconductors	52.5		—		52.5
Other	6.1		3.7		9.8
Total third party sales	$	446.7	$	173.5	$	620.2