Segments, Concentrations and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2017

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,						Six Months Ended Ended June 30,
	2017			2016			2017			2016
Net Sales:
Couplings, Clutches & Brakes	$	110,969		$	78,157		$	217,201		$	153,780
Electromagnetic Clutches & Brakes		65,281			57,053			129,159			114,402
Gearing		49,149			49,096			96,177			98,015
Inter-segment eliminations		(2,042	)		(1,632	)		(3,745	)		(3,070	)
Net sales	$	223,357		$	182,674		$	438,792		$	363,127
Income from operations:
Segment earnings:
Couplings, Clutches & Brakes	$	12,007		$	7,554		$	20,352		$	13,845
Electromagnetic Clutches & Brakes		8,163			7,068			15,756			13,531
Gearing		6,590			5,867			12,115			11,629
Restructuring		(1,198	)		(1,641	)		(3,096	)		(3,194	)
Corporate expenses (1)		(2,413	)		(2,673	)		(4,316	)		(4,659	)
Income from operations	$	23,149		$	16,175		$	40,811		$	31,152
Other non-operating (income) expense:
Net interest expense	$	2,031		$	2,904		$	3,736		$	5,800
Other non-operating income, net		(136	)		(205	)		(666	)		(483	)
Loss on extinguishment of convertible debt		—			—			1,797			—
		1,895			2,699			4,867			5,317
Income before income taxes		21,254			13,476			35,944			25,835
Provision for income taxes		5,870			4,127			10,234			7,676
Net income	$	15,384		$	9,349		$	25,710		$	18,159

(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				Year to Date Period Ended
	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
Depreciation and amortization:
Couplings, Clutches & Brakes	$	5,133	$	3,770	$	10,270	$	7,458
Electromagnetic Clutches & Brakes		1,201		1,177		2,416		2,325
Gearing		1,651		1,728		3,301		3,398
Corporate		824		813		1,628		1,568
Total depreciation and amortization	$	8,809	$	7,488	$	17,615	$	14,749
	June 30, 2017		December 31, 2016
Total assets:
Couplings, Clutches & Brakes	$	557,642	$	511,934
Electromagnetic Clutches & Brakes		185,839		169,507
Gearing		137,713		147,829
Corporate (2)		29,893		40,554
Total assets	$	911,087	$	869,824

(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				Year to Date Period Ended
	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
North America (primarily U.S.)	$	115,236	$	104,779	$	230,376	$	216,962
Europe		84,983		59,237		168,275		111,351
Asia and other		23,138		18,658		40,141		34,814
Total	$	223,357	$	182,674	$	438,792	$	363,127