Business Segments (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Business Segment Net Sales and (Loss) Income before Income Taxes

The accounting policies are the same as those described in Note 1.

	Net Sales						Income (Loss) Before Income Taxes and Equity Losses in Chinese Joint Venture
	2015		2014		2013		2015			2014			2013
Forged and Cast Engineered Products	$	152,267	$	179,388	$	187,286	$	(3,444	)	$	4,380		$	13,936
Air and Liquid Processing(1)		86,213		93,470		93,764		23,166			4,222			24,945
Total Reportable Segments		238,480		272,858		281,050		19,722			8,602			38,881
Corporate costs, including other income (expense)								(15,202	)		(9,494	)		(11,701	)
	$	238,480	$	272,858	$	281,050	$	4,520		$	(892	)	$	27,180

	Capital Expenditures						Depreciation Expense						Identifiable Assets(2)
	2015		2014		2013		2015		2014		2013		2015		2014		2013
Forged and Cast Engineered Products	$	8,608	$	12,884	$	11,016	$	10,468	$	10,303	$	9,976	$	228,718	$	260,384	$	263,012
Air and Liquid Processing		494		356		757		1,262		1,444		1,300		183,024		197,518		168,977
Corporate		305		69		32		57		71		66		94,414		78,507		70,684
	$	9,407	$	13,309	$	11,805	$	11,787	$	11,818	$	11,342	$	506,156	$	536,409	$	502,673

	Net Sales(3)						Long-Lived Assets(4)						Income (Loss) Before Income Taxes and Equity Losses in Chinese Joint Venture
Geographic Areas:	2015		2014		2013		2015		2014		2013		2015			2014			2013
United States(1)	$	126,417	$	143,493	$	134,695	$	236,707	$	252,739	$	213,332	$	5,855		$	(1,471	)	$	26,137
Foreign		112,063		129,365		146,355		29,198		31,359		35,723		(1,335	)		579			1,043
	$	238,480	$	272,858	$	281,050	$	265,905	$	284,098	$	249,055	$	4,520		$	(892	)	$	27,180

	Net Sales by Product Line
	2015		2014		2013
Forged and cast engineered products(5)	$	152,267	$	179,388	$	187,286
Heat exchange coils		32,745		39,109		42,364
Centrifugal pumps		33,120		32,983		32,341
Air handling systems		20,348		21,378		19,059
	$	238,480	$	272,858	$	281,050

(1) Income (loss) before income taxes for the Air and Liquid Processing segment for 2015 includes pre-tax asbestos-related proceeds of $14,333 received from two insurance carriers in rehabilitation whereas 2014 includes a pre-tax charge of $4,487 for estimated costs of asbestos-related litigation through 2024 net of estimated insurance recoveries and 2013 includes a pre-tax credit of $16,340 for estimated additional insurance recoveries expected to be available to satisfy asbestos liabilities through 2022 resulting from settlement agreements reached with various insurance carriers.

(2) Identifiable assets for the Forged and Cast Engineered Products segment include investments in joint ventures of $3,097, $3,914 and $5,010 at December 31, 2015, 2014 and 2013, respectively. The change in the identifiable assets of the Air and Liquid Processing segment relates primarily to the movement in asbestos-related insurance receivables, the balances of which equaled $125,423, $140,651 and $110,741 at December 31, 2015, 2014 and 2013, respectively.

(3) Net sales are attributed to countries based on location of the customer. Sales to individual countries were less than 10% of consolidated net sales each of the years.

(4) Foreign long-lived assets represent primarily investments in joint ventures of $3,097, $3,914 and $5,010 at December 31, 2015, 2014 and 2013, respectively, and assets of the U.K. operations. Long-lived assets of the U.S. include noncurrent asbestos-related insurance receivables of $108,423, $123,651 and $86,241 for 2015, 2014 and 2013, respectively.

(5) For the Forged and Cast Engineered Products segment, two customers accounted for 33% of its net sales for 2015, 29% of its net sales for 2014 and 26% of its net sales for 2013.