Segments (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of results by business segment

Results by business segment were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
	(In millions)
Net sales:
Supply Technologies	$	94.4		$	161.5		$	235.2		$	326.8
Assembly Components	54.9			136.3			183.1			274.6
Engineered Products	79.0			117.5			176.3			234.0
	$	228.3		$	415.3		$	594.6		$	835.4
Segment operating (loss) income:
Supply Technologies	$	0.3		$	11.3		$	9.5		$	24.4
Assembly Components	(14.6		)	8.3			(8.3		)	16.6
Engineered Products	(0.8		)	11.5			3.0			19.6
Total segment operating (loss) income	(15.1		)	31.1			4.2			60.6
Corporate costs	(5.8		)	(7.5		)	(12.1		)	(14.5		)
One-time net expense related to former President(a)	—			(4.3		)	—			(4.3		)
Operating (loss) income	(20.9		)	19.3			(7.9		)	41.8
Other components of pension income and other postretirement benefits expense, net	1.8			1.5			3.6			2.8
Interest expense, net	(7.5		)	(8.7		)	(15.5		)	(16.9		)
(Loss) income before income taxes	$	(26.6	)	$	12.1		$	(19.8	)	$	27.7
(a) - In June 2019, Edward F. Crawford, our President, retired and resigned to become the U.S. Ambassador to Ireland. In connection with his resignation, the Company incurred one-time net expense of $4.3 million, consisting of a $6.0 million payment and reversal of $1.7 million of previously-recorded expense related to restricted stock forfeitures.