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Segment Information
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Segment Information
Segment Information
Using the criteria of ASC 280 Segment Reporting, the Company has four operating segments: Material Handling, Lawn and Garden, Distribution, and Engineered Products. Each of these operating segments is also a reportable segment under the ASC 280 criteria.
None of the reportable segments include operating segments that have been aggregated. Some of these segments contain individual business components that have been aggregated on the basis of common management, customers, products, production processes and economic characteristics. The Company accounts for intersegment sales and transfers at cost plus a specified mark-up.
Income before income taxes for each business segment is based on net sales less cost of products sold, and the related selling, administrative and general expenses. In computing business segment operating income, general corporate overhead expenses and interest expenses are not included.
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
Net Sales
2013
 
2012
 
2013
 
2012
Material Handling
$
83,814

 
$
60,260

 
$
163,803

 
$
125,481

Lawn and Garden
40,889

 
42,482

 
101,252

 
101,666

Distribution
45,893

 
44,188

 
88,542

 
86,926

Engineered Products
37,608

 
38,642

 
74,564

 
75,869

Inter-company Sales
(4,180
)
 
(4,471
)
 
(9,157
)
 
(10,052
)
Net Sales
$
204,024

 
$
181,101

 
$
419,004

 
$
379,890


 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
Income Before Income Taxes
2013
 
2012
 
2013
 
2012
Material Handling
$
11,010

 
$
9,223

 
$
20,715

 
$
22,373

Lawn and Garden
(109
)
 
(1,942
)
 
2,172

 
(724
)
Distribution
3,864

 
4,298

 
6,703

 
7,809

Engineered Products
5,134

 
4,660

 
10,211

 
9,251

Corporate
(6,780
)
 
(6,247
)
 
(13,438
)
 
(11,600
)
Interest expense - net
(1,116
)
 
(1,054
)
 
(2,208
)
 
(2,135
)
Income before income taxes
$
12,003

 
$
8,938

 
$
24,155

 
$
24,974