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Segments (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Results by business segment
Results by business segment were as follows:
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(In millions)
Net sales:
 
 
 
 
 
Supply Technologies
$
561.8

 
$
502.1

 
$
578.7

Assembly Components
524.5

 
529.4

 
569.2

Engineered Products
326.6

 
245.4

 
315.9

 
$
1,412.9

 
$
1,276.9

 
$
1,463.8

Segment operating income:
 
 
 
 
 
Supply Technologies
$
45.9

 
$
40.0

 
$
50.3

Assembly Components
50.4

 
50.5

 
57.9

Engineered Products
20.7

 
10.6

 
20.9

Total segment operating income
117.0

 
101.1

 
129.1

Corporate costs
(30.1
)
 
(27.9
)
 
(29.0
)
Asset impairment charge
—

 
(4.0
)
 
—

Litigation settlement gains (judgment costs)
3.3

 
—

 
(2.2
)
Operating income
90.2

 
69.2

 
97.9

Interest expense
(31.5
)
 
(28.2
)
 
(27.9
)
Loss on extinguishment of debt
(11.0
)
 
—

 
—

Income before income taxes
$
47.7

 
$
41.0

 
$
70.0


 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(In millions)
Capital expenditures:
 
 
 
 
 
Supply Technologies
$
3.3

 
$
6.1

 
$
3.7

Assembly Components
18.6

 
16.9

 
27.3

Engineered Products
5.7

 
5.5

 
5.5

Corporate
0.3

 
—

 
—

 
$
27.9

 
$
28.5

 
$
36.5

Depreciation and amortization expense:
 
 
 
 
 
Supply Technologies
$
4.7

 
$
4.7

 
$
4.7

Assembly Components
20.7

 
20.1

 
18.6

Engineered Products
5.6

 
4.1

 
4.2

Corporate
0.5

 
0.6

 
1.2

 
$
31.5

 
$
29.5

 
$
28.7

Identifiable assets:
 
 
 
 
 
Supply Technologies
$
344.4

 
$
262.0

 
$
276.3

Assembly Components
351.4

 
332.9

 
344.8

Engineered Products
353.6

 
304.9

 
243.1

Corporate
83.1

 
74.5

 
77.9

 
$
1,132.5

 
$
974.3

 
$
942.1
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,
 
2017
 
2016
 
2015
Supply Technologies:
 
 
 
 
 
Supply Technologies
85
%
 
85
%
 
87
%
Engineered specialty products
15
%
 
15
%
 
13
%
 
100
%
 
100
%
 
100
%
Assembly Components:
 
 
 
 
 
Fuel-related, rubber and plastic products
70
%
 
67
%
 
59
%
Aluminum products
30
%
 
33
%
 
41
%
 
100
%
 
100
%
 
100
%
Engineered Products:
 
 
 
 
 
Industrial equipment business
84
%
 
79
%
 
81
%
Forged and machined products
16
%
 
21
%
 
19
%
 
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,
 
2017
 
2016
 
2015
United States
65
%
 
71
%
 
72
%
Europe
10
%
 
8
%
 
7
%
Asia
9
%
 
8
%
 
8
%
Mexico
8
%
 
6
%
 
6
%
Canada
7
%
 
6
%
 
6
%
Other
1
%
 
1
%
 
1
%
 
100
%
 
100
%
 
100
%