Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2017

Reconciliation of Revenue from Segments to Consolidated

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

	Year Ended December 31,
	2017			2016			2015
Net Sales:
Couplings, Clutches & Brakes	$	441,887		$	305,406		$	342,299
Electromagnetic Clutches & Brakes		251,505			217,856			219,676
Gearing		191,789			192,003			192,252
Inter-segment eliminations		(8,444	)		(6,359	)		(7,575	)
Net sales		876,737			708,906			746,652
Income from operations:
Segment earnings:
Couplings, Clutches & Brakes		47,215			20,941			38,750
Electromagnetic Clutches & Brakes		27,774			26,406			21,634
Gearing		22,238			22,718			21,094
Restructuring		(4,143	)		(9,849	)		(7,214	)
Loss on partial settlement of pension plan		(1,720	)		-			-
Corporate expenses ⁽¹⁾		(10,377	)		(12,670	)		(10,050	)
Income from operations		80,987			47,546			64,214
Other non-operating (income) expense:
Net interest expense		7,710			11,679			12,164
Loss on extinguishment of convertible debt		1,797			1,989		-
Other non-operating (income) expense, net		353			(7	)		963
		9,860			13,661			13,127
Income before income taxes		71,127			33,885			51,087
Provision for income taxes		19,700			8,745			15,744
Net income	$	51,427		$	25,140		$	35,343

⁽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 impairment of intangibles.

Reconciliation of Assets from Segment to Consolidated

Selected information by segment (continued)

	Years Ended December 31,
	2017		2016		2015
Depreciation and amortization:
Couplings, Clutches & Brakes	$	20,905	$	15,180	$	15,897
Electromagnetic Clutches & Brakes		4,950		4,615		4,565
Gearing		6,866		7,000		6,617
Corporate		3,304		3,103		3,042
Total depreciation and amortization	$	36,025	$	29,898	$	30,121

	Years Ended December 31,
	2017		2016
Total assets:
Couplings, Clutches & Brakes	$	547,738	$	511,934
Electromagnetic Clutches & Brakes		183,197		169,507
Gearing		155,541		147,829
Corporate ⁽²⁾		34,181		40,554
Total assets	$	920,657	$	869,824

⁽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,
	2017		2016		2015		2017		2016
North America (primarily U.S.)	$	441,208	$	418,536	$	452,172	$	84,337	$	81,675
Europe		342,867		217,736		218,857		100,733		89,672
Asia and other		92,662		72,634		75,623		6,847		5,696
Total	$	876,737	$	708,906	$	746,652	$	191,918	$	177,043