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Segments (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Results by business segment
Results by business segment were as follows:
 
Year Ended December 31,
 
2018
 
2017
 
2016
Net sales:
 
 
 
 
 
Supply Technologies
$
636.8

 
$
561.8

 
$
502.1

Assembly Components
578.3

 
524.5

 
529.4

Engineered Products
443.0

 
326.6

 
245.4

 
$
1,658.1

 
$
1,412.9

 
$
1,276.9

Segment operating income:
 
 
 
 
 
Supply Technologies
$
49.0

 
$
43.3

 
$
37.5

Assembly Components
42.9

 
47.8

 
48.0

Engineered Products
38.4

 
19.5

 
9.4

Total segment operating income
130.3

 
110.6

 
94.9

Corporate costs
(34.9
)
 
(30.1
)
 
(27.9
)
Gain on sale of assets
1.9

 
—

 
—

Litigation settlement gain
—

 
3.3

 
—

Asset impairment charge
—

 
—

 
(4.0
)
Operating income
97.3

 
83.8

 
63.0

Other components of pension income and other postretirement benefits expense, net
8.8

 
6.4

 
6.2

Interest expense, net
(34.3
)
 
(31.5
)
 
(28.2
)
Loss on extinguishment of debt
—

 
(11.0
)
 
—

Income before income taxes
$
71.8

 
$
47.7

 
$
41.0


 
Year Ended December 31,
 
2018
 
2017
 
2016
Capital expenditures:
 
 
 
 
 
Supply Technologies
$
5.2

 
$
3.3

 
$
6.1

Assembly Components
24.3

 
18.6

 
16.9

Engineered Products
15.4

 
5.7

 
5.5

Corporate
0.2

 
0.3

 
—

 
$
45.1

 
$
27.9

 
$
28.5

Depreciation and amortization expense:
 
 
 
 
 
Supply Technologies
$
5.3

 
$
4.7

 
$
4.7

Assembly Components
22.2

 
20.7

 
20.1

Engineered Products
8.4

 
5.6

 
4.1

Corporate
0.4

 
0.5

 
0.6

 
$
36.3

 
$
31.5

 
$
29.5

Identifiable assets:
 
 
 
 
 
Supply Technologies
$
330.1

 
$
344.4

 
$
262.0

Assembly Components
378.3

 
351.4

 
332.9

Engineered Products
433.1

 
353.6

 
304.9

Corporate
67.0

 
83.1

 
74.5

 
$
1,208.5

 
$
1,132.5

 
$
974.3
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,
 
2018
 
2017
 
2016
Supply Technologies:
 
 
 
 
 
Supply Technologies
87
%
 
85
%
 
85
%
Engineered specialty products
13
%
 
15
%
 
15
%
 
100
%
 
100
%
 
100
%
Assembly Components:
 
 
 
 
 
Fuel-related, rubber and plastic products
66
%
 
70
%
 
67
%
Aluminum products
34
%
 
30
%
 
33
%
 
100
%
 
100
%
 
100
%
Engineered Products:
 
 
 
 
 
Industrial equipment business
70
%
 
84
%
 
79
%
Forged and machined products
30
%
 
16
%
 
21
%
 
100
%
 
100
%
 
100
%
Approximate percentage of net sales by geographic region
The Company’s percentage of net sales by geographic region was as follows:
 
Year Ended December 31,
 
2018
 
2017
 
2016
United States
66
%
 
65
%
 
71
%
Europe
11
%
 
10
%
 
8
%
Asia
8
%
 
9
%
 
8
%
Mexico
6
%
 
8
%
 
6
%
Canada
8
%
 
7
%
 
6
%
Other
1
%
 
1
%
 
1
%
 
100
%
 
100
%
 
100
%