Industry Segments

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Industry Segments

15.  Industry Segments

Using the criteria of ASC 280, Segment Reporting, the Company manages its business under two operating segments, Material Handling and Distribution, consistent with the manner in which our Chief Operating Decision Maker evaluates performance and makes resource allocation decisions. None of the reportable segments include operating segments that have been aggregated.  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 $87.8 million, $105.6 million, and $110.4 million for the years ended December 31, 2016, 2015 and 2014, respectively. Sales made to customers in Brazil accounted for approximately 3.9% of total net sales in 2016, 4.7% in 2015 and 7.3% in 2014. Sales made to customers in Canada accounted for approximately 4.4% of total net sales in 2016, 5.2% in 2015 and 4.2% in 2014. 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 $27.6 million at December 31, 2016 and $33.2 million at December 31, 2015.

	2016			2015			2014
Net Sales
Material Handling	$	387,513		$	414,030		$	432,054
Distribution		170,660			187,637			191,873
Inter-company sales		(111	)		(129	)		(278	)
Total net sales	$	558,062		$	601,538		$	623,649
Income from continuing operations before income taxes
Material Handling	$	29,583		$	49,762		$	31,903
Distribution		12,834			16,114			16,024
Corporate		(26,249	)		(35,015	)		(25,309	)
Total operating income		16,168			30,861			22,618
Interest expense, net		(8,173	)		(8,999	)		(8,535	)
Income from continuing operations before income taxes	$	7,995		$	21,862		$	14,083
Identifiable Assets
Material Handling	$	289,341		$	335,506		$	370,501
Distribution		56,072			58,772			57,523
Corporate		36,271			34,513			17,634
Discontinued Operations		—			—			117,775
Total identifiable assets	$	381,684		$	428,791		$	563,433
Capital Additions, Net
Material Handling	$	10,967		$	21,422		$	22,197
Distribution		1,424			1,795			1,786
Corporate		132			510			187
Total capital additions, net	$	12,523		$	23,727		$	24,170
Depreciation and Amortization
Material Handling	$	31,943		$	32,667		$	29,013
Distribution		1,221			998			1,022
Corporate		1,301			1,314			1,137
Total depreciation and amortization	$	34,465		$	34,979		$	31,172