SEGMENT DATA

We operate in two reportable operating segments consisting of Industrial and Infrastructure. We do not allocate certain corporate expenses related to executive retirement plans, the Company’s Board of Directors and strategic initiatives, as well as certain other costs and report them in Corporate. Segment determination is based upon internal organizational structure, the manner in which we organize segments for making operating decisions and assessing performance, the availability of separate financial results and materiality considerations.

Sales to a single customer did not aggregate 4 percent or more of total sales in 2013, 2012 and 2011. Export sales from U.S. operations to unaffiliated customers were $102.1 million, $102.1 million, and $90.6 million in 2013, 2012 and 2011, respectively.

INDUSTRIAL The Industrial segment serves customers that operate in industrial end markets such as aerospace and defense, transportation and general engineering. The customers in these end markets manufacture engines, airframes, automobiles, trucks, ships and various types of industrial equipment. The technology and customization requirements for customers we serve vary by customer, application and industry. The value we deliver to our Industrial segment customers centers on our application expertise and our diverse offering of products and services.

INFRASTRUCTURE The Infrastructure segment serves customers that operate in the earthworks and energy sectors who support primary industries such as oil and gas, power generation, underground, surface and hard-rock mining, highway construction and road maintenance. Generally, we rely on customer intimacy to serve this segment. By gaining an in-depth understanding of our customers’ engineering and development needs, we are able to offer complete system solutions and high-performance capabilities to optimize and add value to their operations.

Segment data is summarized as follows:



(in thousands)	2013			2012			2011
Sales:
Industrial	$	1,471,882		$	1,667,434		$	1,528,672
Infrastructure	1,117,491			1,068,812			874,821
Total sales	$	2,589,373		$	2,736,246		$	2,403,493

Operating income:
Industrial	$	173,744		$	283,233		$	209,663
Infrastructure	130,537			141,640			121,733
Corporate	(7,887		)	(8,464		)	(9,723		)
Total operating income	$	296,394		$	416,409		$	321,673

Interest expense	$	27,472		$	27,215		$	22,760
Other expense (income), net	2,313			(775		)	2,780
Income before income taxes	$	266,609		$	389,969		$	296,133

Depreciation and amortization:
Industrial	$	66,939		$	70,329		$	68,000
Infrastructure	46,102			33,744			25,471
Corporate	63			—			—
Total depreciation and amortization	$	113,104		$	104,073		$	93,471

Equity income:
Industrial	$	42		$	7		$	229
Infrastructure	—			—			—
Total equity income	$	42		$	7		$	229

Total assets:
Industrial	$	1,362,626		$	1,465,300		$	1,531,409
Infrastructure	1,349,870			1,306,781			785,718
Corporate	588,543			262,107			437,342
Total assets	$	3,301,039		$	3,034,188		$	2,754,469

Capital expenditures:
Industrial	$	55,082		$	75,579		$	48,518
Infrastructure	27,753			27,457			26,411
Corporate	—			—			8,513
Total capital expenditures	$	82,835		$	103,036		$	83,442

Investments in affiliated companies:
Industrial	$	671		$	685		$	829
Infrastructure	—			—			—
Total investments in affiliated companies	$	671		$	685		$	829

Geographic information for sales, based on country of origin, and assets is as follows:



(in thousands)	2013		2012		2011
Sales:
United States	$	1,052,466	$	1,170,117	$	1,041,427
Germany	454,807		475,076		398,532
China	239,418		214,427		194,945
Italy	94,183		80,520		64,199
Canada	93,257		80,007		59,743
United Kingdom	92,614		82,635		63,466
India	83,401		105,136		103,366
Other	479,227		528,328		477,815
Total sales	$	2,589,373	$	2,736,246	$	2,403,493

Total assets:
United States	$	1,228,923	$	1,177,705	$	1,165,705
Germany	646,983		485,442		472,665
China	311,053		281,386		179,223
Switzerland	207,000		216,661		231,515
Italy	172,764		172,513		66,082
Canada	138,959		134,662		40,421
United Kingdom	107,738		104,805		67,549
India	94,914		95,618		129,104
Other	392,705		365,396		402,205
Total assets:	$	3,301,039	$	3,034,188	$	2,754,469