Industry Segments

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Industry Segments

Industry Segments

During 2014, the Company realigned its reportable segments as a result of organizational changes to better support its ongoing business strategy. The realignment is consistent with the manner in which our Chief Operating Decision Maker evaluates performance and makes resource allocation decisions. Using the criteria of ASC 280 Segment Reporting, the Company currently manages its business under two operating segments: Material Handling and Distribution. Certain business units that formerly reported in the Engineered Products Segment are now part of the Material Handling and Distribution Segments. Historical segment information reflects the effect of these changes. 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 combined on the basis of common management, customers, products, production processes and other economic characteristics. The Company accounts for intersegment sales and transfers at cost plus a specified mark-up.

The Material Handling Segment manufactures a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products and rotationally-molded plastic tanks for water, fuel and waste handling. This segment conducts its primary operations in the United States, but also operates in Brazil and Canada. Markets served encompass various niches of industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer, and others. Products are sold both directly to end-users and through distributors.

The Distribution Segment is engaged in the distribution of equipment, tools, and supplies used for tire servicing and automotive undervehicle repair and the manufacture of tire repair and retreading products. The product line includes categories such as tire valves and accessories, tire changing and balancing equipment, lifts and alignment equipment, service equipment and tools, and tire repair/retread supplies. The Distribution Segment operates domestically through sales offices, and four regional distribution centers in the United States and in foreign countries through export sales. In addition, the Distribution Segment operates directly in certain foreign markets, principally Central America, through foreign branch operations. Markets served include retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire retreaders, and government agencies.

Total sales from foreign business units and export to countries outside the U.S. were approximately $110.4 million, $95.1 million, and $81.0 million for the years ended December 31, 2014, 2013 and 2012, respectively. Sales made to customers in Brazil accounted for approximately 7.3% of total net sales in 2014, 8.2% in 2013 and 5.3% in 2012. Sales made to customers in Canada accounted for approximately 4.2% of total net sales in 2014, 3.3% in 2013 and 4.4% in 2012.There are no other individual foreign countries for which sales are material. Long-lived assets in foreign countries, consisting of property, plant and equipment, were approximately $44.8 million at December 31, 2014 and $16.9 million at December 31, 2013. The increase in long-lived assets in foreign countries is mainly the result of assets acquired with the Scepter acquisition.

	2014			2013			2012
Net Sales
Material Handling	$	432,054		$	380,605		$	337,474
Distribution	191,873			204,460			208,567
Intra-segment elimination	(278		)	(332		)	(469		)
	$	623,649		$	584,733		$	545,572
Income from Continuing Operations Before Income Taxes
Material Handling	$	31,903		$	47,428		$	51,296
Distribution	16,024			21,727			22,582
Corporate	(25,309		)	(24,839		)	(27,352		)
Interest expense - net	(8,535		)	(4,531		)	(4,330		)
	$	14,083		$	39,785		$	42,196
Identifiable Assets
Material Handling	$	370,501		$	240,897		$	254,165
Distribution	57,523			63,340			56,674
Corporate	19,034			4,652			7,796
Discontinued Operations	117,775			160,568			166,221
	$	564,833		$	469,457		$	484,856
Capital Additions, Net
Material Handling	$	22,197		$	18,787		$	18,199
Distribution	1,786			915			1,086
Corporate	187			1,007			576
	$	24,170		$	20,709		$	19,861
Depreciation and Amortization
Material Handling	$	29,013		$	21,728		$	18,034
Distribution	1,022			859			786
Corporate	1,137			941			656
	$	31,172		$	23,528		$	19,476