XML 70 R59.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segments, Concentrations and Geographic Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]          
Net sales $ 223,357 $ 182,674 $ 438,792 $ 363,127  
Income from operations 23,149 16,175 40,811 31,152  
Restructuring (1,198) (1,641) (3,096) (3,194)  
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    
Total other non-operating (income) expense, net 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  
Total depreciation and amortization 8,809 7,488 17,615 14,749  
Total assets 911,087 869,824 911,087 869,824 $ 869,824
North America (primarily U.S.) [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Net sales 115,236 104,779 230,376 216,962  
Europe [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Net sales 84,983 59,237 168,275 111,351  
Asia And Other [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Net sales 23,138 18,658 40,141 34,814  
Operating Segments [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Restructuring (1,198) (1,641) (3,096) (3,194)  
Operating Segments [Member] | Couplings, Clutches and Brakes [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Net sales 110,969 78,157 217,201 153,780  
Income from operations 12,007 7,554 20,352 13,845  
Restructuring (488) (1,089) (1,849) (1,493)  
Total depreciation and amortization 5,133 3,770 10,270 7,458  
Total assets 557,642 511,934 557,642 511,934  
Operating Segments [Member] | Electromagnetic Clutches and Brakes [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Net sales 65,281 57,053 129,159 114,402  
Income from operations 8,163 7,068 15,756 13,531  
Restructuring   (345)   (1,017)  
Total depreciation and amortization 1,201 1,177 2,416 2,325  
Total assets 185,839 169,507 185,839 169,507  
Operating Segments [Member] | Gearing [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Net sales 49,149 49,096 96,177 98,015  
Income from operations 6,590 5,867 12,115 11,629  
Restructuring (488)   (784) (16)  
Total depreciation and amortization 1,651 1,728 3,301 3,398  
Total assets 137,713 147,829 137,713 147,829  
Intersegment Eliminations [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Net sales (2,042) (1,632) (3,745) (3,070)  
Corporate [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Income from operations [1] (2,413) (2,673) (4,316) (4,659)  
Restructuring (222) (207) (463) (668)  
Total depreciation and amortization 824 813 1,628 1,568  
Total assets [2] $ 29,893 $ 40,554 $ 29,893 $ 40,554  
[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.
[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.