Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2016

Reconciliation of Revenue from Segments to Consolidated

Segment financial information and a reconciliation of segment results to consolidated results follows:

	Year Ended December 31,
	2016			2015			2014
Net Sales:
Couplings, Clutches & Brakes	$	305,406		$	342,299		$	396,089
Electromagnetic Clutches & Brakes		217,856			219,676			218,550
Gearing		192,003			192,252			212,628
Inter-segment eliminations		(6,359	)		(7,575	)		(7,450	)
Net sales		708,906			746,652			819,817
Income from operations:
Segment earnings:
Couplings, Clutches & Brakes		20,941			38,750			49,299
Electromagnetic Clutches & Brakes		26,406			21,634			22,014
Gearing		22,718			21,094			22,698
Restructuring		(9,849	)		(7,214	)		(1,767	)
Corporate expenses ⁽¹⁾		(12,670	)		(10,050	)		(17,135	)
Income from operations		47,546			64,214			75,109
Other non-operating (income) expense:
Net interest expense		11,679			12,164			11,994
Loss on extinguishment of convertible debt		1,989		-			-
Other non-operating (income) expense, net		(7	)		963			(3	)
		13,661			13,127			11,991
Income before income taxes		33,885			51,087			63,118
Provision for income taxes		8,745			15,744			22,936
Net income	$	25,140		$	35,343		$	40,182

⁽¹⁾

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

Reconciliation of Assets from Segment to Consolidated

Selected information by segment (continued)

	Years Ended December 31,
	2016		2015		2014
Depreciation and amortization:
Couplings, Clutches & Brakes	$	15,180	$	15,897	$	17,196
Electromagnetic Clutches & Brakes		4,615		4,565		5,009
Gearing		7,000		6,617		7,447
Corporate		3,103		3,042		2,485
Total depreciation and amortization	$	29,898	$	30,121	$	32,137

	Years Ended December 31,
	2016		2015
Total assets:
Couplings, Clutches & Brakes	$	511,934	$	312,117
Electromagnetic Clutches & Brakes		169,507		125,887
Gearing		147,829		150,860
Corporate ⁽²⁾		40,554		43,468
Total assets	$	869,824	$	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						Property, Plant and Equipment
	Years Ended December 31,
	2016		2015		2014		2016		2015
North America (primarily U.S.)	$	418,536	$	452,172	$	488,523	$	81,675	$	84,960
Europe		217,736		218,857		255,049		89,672		52,949
Asia and other		72,634		75,623		76,245		5,696		7,504
Total	$	708,906	$	746,652	$	819,817	$	177,043	$	145,413