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Business Segments
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Business Segments
13. Business Segments
ASC 280, “Segment Reporting,” establishes the standards for reporting information about operating segments in financial statements. In applying the criteria set forth in ASC 280, the Company has determined that it operates in four reportable segments, North America, Europe, South America and Asia Pacific. The Company’s principal product lines within each of these segments are sealing and trim systems, fuel and brake delivery systems, fluid transfer systems, and anti-vibration systems. The Company evaluates segment performance based on segment profit before tax. The results of each segment include certain allocations for general, administrative, interest, and other shared costs.
     The following tables detail information on the Company’s business segments:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2014
 
2013
 
2014
Sales to external customers:
 
 
 
 
 
 
 
North America
$
408,615

 
$
413,486

 
$
1,191,521

 
$
1,298,278

Europe
258,028

 
265,182

 
806,182

 
879,081

South America
43,069

 
39,967

 
138,746

 
121,139

Asia Pacific
54,345

 
62,319

 
159,892

 
177,615

Consolidated
$
764,057

 
$
780,954

 
$
2,296,341

 
$
2,476,113

Intersegment sales:
 
 
 
 
 
 
 
North America
$
2,121

 
$
3,488

 
$
8,959

 
$
9,981

Europe
2,440

 
2,395

 
6,837

 
6,745

South America

 

 

 

Asia Pacific
3,013

 
1,350

 
7,434

 
4,822

Eliminations and other
(7,574
)
 
(7,233
)
 
(23,230
)
 
(21,548
)
Consolidated
$

 
$

 
$

 
$

Segment profit (loss):
 
 
 
 
 
 
 
North America
$
31,726

 
$
45,516

 
$
103,158

 
$
120,445

Europe
(7,500
)
 
5,497

 
(14,784
)
 
(10,548
)
South America
(1,838
)
 
(11,115
)
 
(5,760
)
 
(17,931
)
Asia Pacific
2,365

 
1,198

 
8,251

 
1,227

Income before income taxes
$
24,753

 
$
41,096

 
$
90,865

 
$
93,193

Restructuring cost included in segment profit (loss):
 
 
 
 
 
 
 
North America
$
73

 
$
(72
)
 
$
1,961

 
$
105

Europe
1,517

 
4,854

 
5,476

 
11,232

South America

 

 

 

Asia Pacific
317

 
63

 
318

 
353

Consolidated
$
1,907

 
$
4,845

 
$
7,755

 
$
11,690

 
 
December 31,
2013
 
September 30,
2014
Segment assets:
 
 
 
North America
$
866,847

 
$
930,369

Europe
680,920

 
711,351

South America
138,469

 
122,276

Asia Pacific
243,736

 
262,708

Eliminations and other
172,782

 
139,043

Consolidated
$
2,102,754

 
$
2,165,747