Segments, Concentrations and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

Segment financial information and a reconciliation of segment results to consolidated results follows:
	Quarters Ended June 30,						Year to date periods Ended June 30,
	2016			2015			2016			2015
Net Sales:
Couplings, Clutches & Brakes	$	78,157		$	90,351		$	153,780		$	179,466
Electromagnetic Clutches & Brakes	57,053			58,250			114,402			115,886
Gearing	49,096			49,611			98,015			98,817
Inter-segment eliminations	(1,632		)	(1,602		)	(3,070		)	(4,198		)
Net sales	$	182,674		$	196,610		$	363,127		$	389,971
Income from operations:
Segment earnings:
Couplings, Clutches & Brakes	$	7,554		$	10,809		$	13,845		$	20,763
Electromagnetic Clutches & Brakes	7,068			6,194			13,531			11,522
Gearing	5,867			6,076			11,629			10,825
Restructuring	(1,641		)	(2,587		)	(3,194		)	(4,343		)
Corporate expenses (1)	(2,673		)	(2,779		)	(4,659		)	(5,401		)
Income from operations	$	16,175		$	17,713		$	31,152		$	33,366
Other non-operating (income) expense:
Net interest expense	$	2,904		$	2,978		$	5,800		$	5,934
Other non-operating (income) expense, net	(205		)	750			(483		)	(79		)
	2,699			3,728			5,317			5,855
Income before income taxes	13,476			13,985			25,835			27,511
Provision for income taxes	4,127			4,360			7,676			8,496
Net income	$	9,349		$	9,625		$	18,159		$	19,015

(1) Certain expenses are maintained at the corporate level and not allocated to the segments. These include various administrative expenses related to corporate headquarters, depreciation on capitalized software costs, non-capitalizable software implementation costs and acquisition related expenses.

Reconciliation of Assets from Segment to Consolidated

Selected information by segment (continued)

	Quarter Ended				Year to Date Period Ended
	June 30, 2016		June 30, 2015		June 30, 2016		June 30, 2015
Depreciation and amortization:
Couplings, Clutches & Brakes	$	3,770	$	4,032	$	7,458	$	7,996
Electromagnetic Clutches & Brakes	1,177		1,137		2,325		2,287
Gearing	1,728		1,692		3,398		3,357
Corporate	813		754		1,568		1,492
Total depreciation and amortization	$	7,488	$	7,615	$	14,749	$	15,132
	June 30, 2016		December 31, 2015
Total assets:
Couplings, Clutches & Brakes	$	330,985	$	312,117
Electromagnetic Clutches & Brakes	125,485		125,887
Gearing	133,168		150,860
Corporate (2)	28,345		43,468
Total assets	$	617,983	$	632,332

(2) Corporate assets are primarily cash and cash equivalents, tax related asset accounts, certain capitalized software costs, property, plant and equipment and deferred financing costs.

Revenue from External Customers by Geographic Areas

Net sales to third parties by geographic region are as follows:

	Net Sales
	Quarter Ended				Year to Date Period Ended
	June 30, 2016		June 30, 2015		June 30, 2016		June 30, 2015
North America (primarily U.S.)	$	104,779	$	119,485	$	216,962	$	241,795
Europe	59,237		57,032		111,351		112,072
Asia and other	18,658		20,093		34,814		36,104
Total	$	182,674	$	196,610	$	363,127	$	389,971