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Segments (Tables)
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Results by business segment
Results by business segment were as follows:
 
Year Ended December 31,
 
 
 
Adjusted (1)
 
Adjusted (1)
 
2013
 
2012
 
2011
 
(In millions)
Net sales:
 
 
 
 
 
Supply Technologies
$
471.9

 
$
483.8

 
$
481.4

Assembly Components
412.8

 
304.0

 
157.8

Engineered Products
318.5

 
340.4

 
322.2

 
$
1,203.2

 
$
1,128.2

 
$
961.4

Segment operating income:
 
 
 
 
 
Supply Technologies
$
35.9

 
$
37.9

 
$
35.1

Assembly Components
31.8

 
19.9

 
1.4

Engineered Products
47.1

 
55.0

 
45.3

Total segment operating income
114.8

 
112.8

 
81.8

Corporate costs
(23.1
)
 
(18.9
)
 
(16.3
)
Restructuring and asset impairment charges
—

 
—

 
(5.4
)
Litigation judgment and settlement costs
(5.2
)
 
(13.0
)
 
—

Gain on acquisition of business
0.6

 
—

 
—

Interest expense
(26.8
)
 
(26.4
)
 
(32.2
)
Income from continuing operations before income taxes
$
60.3

 
$
54.5

 
$
27.9

(1) Adjusted to reflect the discontinued operations.
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
(In millions)
Identifiable assets:
 
 
 
 
 
Supply Technologies
$
241.7

 
$
207.0

 
$
225.3

Assembly Components
276.7

 
230.0

 
73.1

Engineered Products
183.1

 
199.4

 
195.8

General corporate
117.2

 
90.2

 
120.6

 
$
818.7

 
$
726.6

 
$
614.8

Depreciation and amortization expense:
 
 
 
 
 
Supply Technologies
$
3.0

 
$
3.9

 
$
4.6

Assembly Components
11.6

 
9.5

 
7.2

Engineered Products
3.4

 
3.2

 
3.9

General corporate
1.2

 
1.4

 
0.5

 
$
19.2

 
$
18.0

 
$
16.2

Capital expenditures:
 
 
 
 
 
Supply Technologies
$
3.8

 
$
1.6

 
$
1.3

Assembly Components
21.5

 
22.1

 
7.7

Engineered Products
3.6

 
3.1

 
0.9

General corporate
1.2

 
2.8

 
2.8

 
$
30.1

 
$
29.6

 
$
12.7
Percentage of net sales by product line
The percentage of net sales by product line included in each segment was as follows:
 
Year Ended December 31,
 
2013
 
2012
 
2011
Supply Technologies:
 
 
 
 
 
Supply Technologies
87
%
 
88
%
 
89
%
Engineered specialty products
13
%
 
12
%
 
11
%
 
100
%
 
100
%
 
100
%
Assembly Components:
 
 
 
 
 
Fluid routing
54
%
 
50
%
 
—
%
Aluminum products
37
%
 
39
%
 
81
%
Rubber and plastics
7
%
 
9
%
 
15
%
Screw products
2
%
 
2
%
 
4
%
 
100
%
 
100
%
 
100
%
Engineered Products:
 
 
 
 
 
Industrial equipment business
77
%
 
80
%
 
81
%
Forged and machined products
23
%
 
20
%
 
19
%
 
100
%
 
100
%
 
100
%
Approximate percentage of net sales by geographic region
 
Year Ended December 31,
 
2013
 
2012
 
2011
Supply Technologies:
 
 
 
 
 
Supply Technologies
87
%
 
88
%
 
89
%
Engineered specialty products
13
%
 
12
%
 
11
%
 
100
%
 
100
%
 
100
%
Assembly Components:
 
 
 
 
 
Fluid routing
54
%
 
50
%
 
—
%
Aluminum products
37
%
 
39
%
 
81
%
Rubber and plastics
7
%
 
9
%
 
15
%
Screw products
2
%
 
2
%
 
4
%
 
100
%
 
100
%
 
100
%
Engineered Products:
 
 
 
 
 
Industrial equipment business
77
%
 
80
%
 
81
%
Forged and machined products
23
%
 
20
%
 
19
%
 
100
%
 
100
%
 
100
%

The Company’s approximate percentage of net sales by geographic region was as follows:
 
Year Ended
December 31,
 
2013
 
2012
 
2011
United States
74
%
 
77
%
 
76
%
Canada
8
%
 
8
%
 
5
%
Mexico
5
%
 
4
%
 
3
%
Asia
6
%
 
6
%
 
9
%
Europe
5
%
 
4
%
 
5
%
Other
2
%
 
1
%
 
2
%
 
100
%
 
100
%
 
100
%