Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Data

Selected Quarterly Financial Data (Unaudited)

	Quarter Ended
	Mar. 31,			Jun. 30,			Sept. 30,			Dec. 31,
	(Dollars in millions, except per share data)
2014
Net sales	$	317.8		$	343.3		$	344.6		$	373.0
Gross profit	56.0			61.0			60.6			56.9
Net income from continuing operations	10.3			12.9			12.5			11.2
Net income attributable to noncontrolling interest	(0.2		)	(0.5		)	(0.1		)	(0.5		)
Net income attributable to ParkOhio common shareholders	$	10.1		$	12.4		$	12.4		$	10.7
Earnings (loss) per common share attributable to ParkOhio common shareholders - Basic:
Continuing operations	$	0.84		$	1.02		$	1.02		$	0.89
Earnings (loss) per common share attributable to ParkOhio common shareholders - Diluted:
Continuing operations	$	0.82		$	1.00		$	1.00		$	0.87
Cash dividends per common share	$	—		$	0.125		$	0.125		$	0.125
2013
Net sales	$	283.0		$	307.3		$	303.5		$	309.4
Gross profit	51.6			57.5			54.6			47.3
Net income from continuing operations	10.7			12.1			8.7			9.4
(Loss) Income from discontinued operations, net of taxes	(0.4		)	(0.1		)	3.7			(0.2		)
Net income attributable to noncontrolling interest	—			—			(0.2		)	(0.3		)
Net income attributable to ParkOhio common shareholders	$	10.3		$	12.0		$	12.2		$	8.9
Earnings (loss) per common share attributable to ParkOhio common shareholders - Basic:
Continuing operations	$	0.90		$	1.02		$	0.71		$	0.76
Discontinued operations	(0.03		)	(0.01		)	0.31			(0.02		)
Total	$	0.87		$	1.01		$	1.02		$	0.74
Earnings (loss) per common share attributable to ParkOhio common shareholders - Diluted:
Continuing operations	$	0.88		$	0.99		$	0.69		$	0.76
Discontinued operations	(0.03		)	(0.01		)	0.30			(0.02		)
Total	$	0.85		$	0.98		$	0.99		$	0.74

Note A — On June 10, 2014, the Company completed the acquisition of Apollo, a supply chain management services company providing Class C production components and supply chain solutions to aerospace customers worldwide and is included in our Supply Technologies segment.

Note B — On October 10, 2014, the Company completed the acquisition of Autoform, a supplier of high end pressure fuel lines used in gasoline direct injection systems across a large number of engine platforms and is included in our Assembly Components segment.

Note C — On December 4, 2014, the Company completed the acquisition of Saet, a leader in the design, manufacturing and testing of induction heating equipment and heat treat solutions. Saet is included in our Engineered Products segment.

Note D — In the second quarter of 2013, the Company completed the acquisition of substantially all of the assets of Bates, a manufacturer of extruded, formed and molded products and is included in our Assembly Components segment.

Note E — Effective August 1, 2013, the Company sold a 25% interest in its Southwest Steel Processing business.

Note F — On September 3, 2013, the Company sold all of the outstanding equity interests of a non-core business unit in the Supply Technologies segment for $8.5 million in cash. The results of this business unit are reported as discontinued operations and prior periods are adjusted to reflect the discontinued operation.

Note G — In September 2013, the Company recorded a $5.2 million pre-tax litigation judgment.

Note H — During the fourth quarter of 2013, the Company acquired the outstanding capital stock of Henry Halstead and QEF. Both companies are providers of supply chain management solutions.