Business Segment Information (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2020 and 2019 were as follows:

	Quarters Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
	(in millions)
Sales
Sealing Products	$	201.8	$	219.5	$	601.4	$	668.0
Engineered Products	67.7		81.1		201.4		255.8
	269.5		300.6		802.8		923.8
Intersegment sales	(1.2)		(1.6)		(4.8)		(4.6)
Net sales	$	268.3	$	299.0	$	798.0	$	919.2
Segment profit (loss)
Sealing Products	$	33.0	$	17.8	$	69.5	$	66.2
Engineered Products	(3.5)		10.6		(0.2)		28.7
Total segment profit	29.5		28.4		69.3		94.9
Corporate expenses	(11.7)		(8.1)		(27.3)		(25.5)
Interest expense, net	(3.9)		(3.8)		(11.4)		(12.5)
Other expense, net	(42.5)		(25.8)		(42.7)		(30.3)
Income (loss) from continuing operations before income taxes	$	(28.6)	$	(9.3)	$	(12.1)	$	26.6

Schedule of Total Assets Segment

Segment assets are as follows:

	September 30, 2020		December 31, 2019
	(in millions)
Sealing Products	$	1,255.4	$	1,316.5
Engineered Products	253.6		259.4
Corporate	515.0		205.1
Discontinued operations	—		254.1
	$	2,024.0	$	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 nine months ended September 30, 2020 and 2019:

	Quarter Ended September 30, 2020
(in millions)	Sealing Products		Engineered Products		Total
Aerospace	$	12.0	$	0.9	$	12.9
Automotive	0.4		16.7		17.1
Chemical and material processing	9.3		11.0		20.3
Food and pharmaceutical	12.7		0.4		13.1
General industrial	38.5		15.9		54.4
Medium-duty/heavy-duty truck	66.0		—		66.0
Oil and gas	5.5		17.0		22.5
Power generation	9.5		5.5		15.0
Semiconductors	46.1		—		46.1
Other	0.8		0.1		0.9
Total third party sales	$	200.8	$	67.5	$	268.3

	Quarter Ended September 30, 2019
(in millions)	Sealing Products		Engineered Products		Total
Aerospace	$	16.1	$	3.8	$	19.9
Automotive	0.5		17.8		18.3
Chemical and material processing	14.7		11.3		26.0
Food and pharmaceutical	13.0		0.4		13.4
General industrial	37.7		22.1		59.8
Medium-duty/heavy-duty truck	89.7		0.6		90.3
Oil and gas	7.6		21.0		28.6
Power generation	11.9		2.5		14.4
Semiconductors	25.5		—		25.5
Other	1.5		1.3		2.8
Total third party sales	$	218.2	$	80.8	$	299.0

	Nine Months Ended September 30, 2020
(in millions)	Sealing Products		Engineered Products		Total
Aerospace	$	37.0	$	4.4	$	41.4
Automotive	0.8		44.5		45.3
Chemical and material processing	35.0		32.7		67.7
Food and pharmaceutical	37.5		1.2		38.7
General industrial	121.1		54.0		175.1
Medium-duty/heavy-duty truck	188.9		0.1		189.0
Oil and gas	19.0		49.3		68.3
Power generation	30.5		14.3		44.8
Semiconductors	124.3		—		124.3
Other	3.2		0.2		3.4
Total third party sales	$	597.3	$	200.7	$	798.0

	Nine Months Ended September 30, 2019
(in millions)	Sealing Products		Engineered Products		Total
Aerospace	$	43.0	$	9.5	$	52.5
Automotive	2.0		63.6		65.6
Chemical and material processing	43.3		37.2		80.5
Food and pharmaceutical	32.2		0.7		32.9
General industrial	123.6		69.0		192.6
Medium-duty/heavy-duty truck	276.7		0.9		277.6
Oil and gas	22.6		62.9		85.5
Power generation	35.2		7.2		42.4
Semiconductors	78.0		—		78.0
Other	7.7		3.9		11.6
Total third party sales	$	664.3	$	254.9	$	919.2