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Segments (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Results by business segment
Results by business segment were as follows:
 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(In millions)
Net sales:
 
 
 
 
 
Supply Technologies
$
559.6

 
$
471.9

 
$
483.8

Assembly Components
490.5

 
412.8

 
304.0

Engineered Products
328.6

 
318.5

 
340.4

 
$
1,378.7

 
$
1,203.2

 
$
1,128.2

Segment operating income:
 
 
 
 
 
Supply Technologies
$
42.5

 
$
35.0

 
$
37.5

Assembly Components
42.0

 
31.8

 
19.9

Engineered Products
42.7

 
47.1

 
55.0

Total segment operating income
127.2

 
113.9

 
112.4

Corporate costs
(29.3
)
 
(23.1
)
 
(18.9
)
Litigation judgment and settlement costs
—

 
(5.2
)
 
(13.0
)
Gain on acquisition of business
—

 
0.6

 
—

Interest expense
(26.1
)
 
(25.9
)
 
(26.0
)
Income from continuing operations before income taxes
$
71.8

 
$
60.3

 
$
54.5


 
Year Ended December 31,
 
2014
 
2013
 
2012
 
(In millions)
Identifiable assets:
 
 
 
 
 
Supply Technologies
$
277.6

 
$
241.7

 
$
207.0

Assembly Components
340.5

 
276.7

 
230.0

Engineered Products
246.9

 
183.1

 
199.4

General corporate
109.2

 
117.2

 
90.2

 
$
974.2

 
$
818.7

 
$
726.6

Depreciation and amortization expense:
 
 
 
 
 
Supply Technologies
$
4.5

 
$
3.0

 
$
3.9

Assembly Components
14.2

 
11.6

 
9.5

Engineered Products
3.3

 
3.4

 
3.2

General corporate
1.2

 
1.2

 
1.4

 
$
23.2

 
$
19.2

 
$
18.0

Capital expenditures:
 
 
 
 
 
Supply Technologies
$
5.8

 
$
3.8

 
$
1.6

Assembly Components
14.0

 
21.5

 
22.1

Engineered Products
2.4

 
3.6

 
3.1

General corporate
1.5

 
1.2

 
2.8

 
$
23.7

 
$
30.1

 
$
29.6
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,
 
2014
 
2013
 
2012
Supply Technologies:
 
 
 
 
 
Supply Technologies
88
%
 
87
%
 
88
%
Engineered specialty products
12
%
 
13
%
 
12
%
 
100
%
 
100
%
 
100
%
Assembly Components:
 
 
 
 
 
Fluid routing
49
%
 
54
%
 
50
%
Aluminum products
43
%
 
37
%
 
39
%
Rubber and plastics
6
%
 
7
%
 
9
%
Screw products
2
%
 
2
%
 
2
%
 
100
%
 
100
%
 
100
%
Engineered Products:
 
 
 
 
 
Industrial equipment business
78
%
 
77
%
 
80
%
Forged and machined products
22
%
 
23
%
 
20
%
 
100
%
 
100
%
 
100
%
Approximate percentage of net sales by geographic region
The Company’s approximate percentage of net sales by geographic region was as follows:
 
Year Ended
December 31,
 
2014
 
2013
 
2012
United States
74
%
 
74
%
 
77
%
Canada
7
%
 
8
%
 
8
%
Europe
6
%
 
5
%
 
4
%
Asia
6
%
 
6
%
 
6
%
Mexico
5
%
 
5
%
 
4
%
Other
2
%
 
2
%
 
1
%
 
100
%
 
100
%
 
100
%