Segments, Concentrations and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

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

	Quarter Ended March 31,
	2017			2016
Net Sales:
Couplings, Clutches & Brakes	$	106,232		$	75,623
Electromagnetic Clutches & Brakes		63,878			57,349
Gearing		47,028			48,920
Inter-segment eliminations		(1,703	)		(1,439	)
Net sales	$	215,435		$	180,453
Income from operations:
Segment earnings:
Couplings, Clutches & Brakes	$	8,345		$	6,291
Electromagnetic Clutches & Brakes		7,593			6,463
Gearing		5,525			5,762
Restructuring		(1,898	)		(1,553	)
Corporate expenses (1)		(1,903	)		(1,986	)
Income from operations	$	17,662		$	14,977
Other non-operating (income) expense:
Net interest expense	$	1,705		$	2,896
Other non-operating  expense (income), net		(530	)		(278	)
Loss on extinguishment of convertible debt		1,797			-
		2,972			2,618
Income before income taxes		14,690			12,359
Provision for income taxes		4,364			3,549
Net income	$	10,326		$	8,810

(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 and non-cash partial pension settlements.

Reconciliation of Assets from Segment to Consolidated

Selected information by segment (continued)

	Quarter Ended
	March 31, 2017		March 31, 2016
Depreciation and amortization:
Couplings, Clutches & Brakes	$	5,137	$	3,688
Electromagnetic Clutches & Brakes		1,215		1,148
Gearing		1,651		1,671
Corporate		803		731
Total depreciation and amortization	$	8,806	$	7,238
	March 31, 2017		March 31, 2016
Total assets:
Couplings, Clutches & Brakes	$	541,343	$	333,595
Electromagnetic Clutches & Brakes		176,167		130,038
Gearing		132,971		135,231
Corporate (2)		27,047		37,066
Total assets	$	877,528	$	635,930

(1) 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
	March 31, 2017		March 31, 2016
North America (primarily U.S.)	$	115,140	$	112,183
Europe		83,294		52,113
Asia and other		17,001		16,157
Total	$	215,435	$	180,453