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Segments (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Results by business segment
Results by business segment were as follows:
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In millions)
Net sales:
 
 
 
 
 
Supply Technologies
$
502.1

 
$
578.7

 
$
559.6

Assembly Components
529.4

 
569.2

 
490.5

Engineered Products
245.4

 
315.9

 
328.6

 
$
1,276.9

 
$
1,463.8

 
$
1,378.7

Segment operating income:
 
 
 
 
 
Supply Technologies
$
40.0

 
$
50.3

 
$
42.5

Assembly Components
50.5

 
57.9

 
42.0

Engineered Products
10.6

 
20.9

 
42.7

Total segment operating income
101.1

 
129.1

 
127.2

Corporate costs
(27.9
)
 
(29.0
)
 
(29.3
)
Asset impairment charge
(4.0
)
 
—

 
—

Litigation judgment costs
—

 
(2.2
)
 
—

Interest expense
(28.2
)
 
(27.9
)
 
(26.1
)
Income before income taxes
$
41.0

 
$
70.0

 
$
71.8


 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In millions)
Capital expenditures:
 
 
 
 
 
Supply Technologies
$
6.1

 
$
3.7

 
$
5.8

Assembly Components
16.9

 
27.3

 
14.0

Engineered Products
5.5

 
5.5

 
2.4

Corporate
—

 
—

 
1.5

 
$
28.5

 
$
36.5

 
$
23.7

Depreciation and amortization expense:
 
 
 
 
 
Supply Technologies
$
4.7

 
$
4.7

 
$
4.5

Assembly Components
20.1

 
18.6

 
14.2

Engineered Products
4.1

 
4.2

 
3.3

Corporate
0.6

 
1.2

 
1.2

 
$
29.5

 
$
28.7

 
$
23.2

Identifiable assets:
 
 
 
 
 
Supply Technologies
$
262.0

 
$
276.3

 
$
277.6

Assembly Components
332.9

 
344.8

 
340.5

Engineered Products
304.9

 
243.1

 
246.9

Corporate
74.5

 
77.9

 
104.1

 
$
974.3

 
$
942.1

 
$
969.1
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,
 
2016
 
2015
 
2014
Supply Technologies:
 
 
 
 
 
Supply Technologies
85
%
 
87
%
 
88
%
Engineered specialty products
15
%
 
13
%
 
12
%
 
100
%
 
100
%
 
100
%
Assembly Components:
 
 
 
 
 
Fuel, rubber and plastic products
67
%
 
59
%
 
57
%
Aluminum products
33
%
 
41
%
 
43
%
 
100
%
 
100
%
 
100
%
Engineered Products:
 
 
 
 
 
Industrial equipment business
79
%
 
81
%
 
78
%
Forged and machined products
21
%
 
19
%
 
22
%
 
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,
 
2016
 
2015
 
2014
United States
71
%
 
72
%
 
74
%
Asia
8
%
 
8
%
 
6
%
Europe
8
%
 
7
%
 
6
%
Canada
6
%
 
6
%
 
7
%
Mexico
6
%
 
6
%
 
5
%
Other
1
%
 
1
%
 
2
%
 
100
%
 
100
%
 
100
%