Business Segments

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Business Segments

Business Segments

NACCO is a holding company with the following principal subsidiaries: NACoal, HBB and KC. See Note 1 for a discussion of the Company's industries and product lines. NACCO's non-operating segment, NACCO and Other, includes the accounts of the parent company and Bellaire.

Financial information for each of NACCO's reportable segments is presented in the following table. The accounting policies of the reportable segments are described in Note 2. The line “Eliminations” in the revenues section eliminates revenues from HBB sales to KC. The amounts of these revenues are based on current market prices of similar third-party transactions. No other sales transactions occur among reportable segments. Other transactions among reportable segments are recognized based on current market prices of similar third-party transactions.

The majority of NACoal's revenues is generated from its consolidated mining operations and dragline mining services. MLMC's customer, Choctaw Generation Limited Partnership, accounted for approximately 56%, 77% and 49% of NACoal's revenues for the years ended December 31, 2012, 2011 and 2010, respectively. NACoal's former customer, San Miguel Electric Cooperative, accounted for approximately 29% of NACoal's revenues for the year ended December 31, 2010. Wal-Mart accounted for approximately 31%, 30% and 36% of HBB’s revenues in 2012, 2011 and 2010, respectively. HBB’s five largest customers accounted for approximately 53%, 50% and 55% of HBB’s revenues for the years ended December 31, 2012, 2011 and 2010, respectively. The loss of or significant reduction in sales to any key customer could result in significant decreases in NACoal's and HBB’s revenue and profitability and an inability to sustain or grow its business.

The management fees charged to operating subsidiaries represent an allocation of corporate overhead of the parent company. Management fees are are allocated among all subsidiaries based upon the relative size and complexity of each subsidiary. The Company believes the allocation method is consistently applied and reasonable. Management fees included in the selling, general and administrative expenses of the subsidiaries were $6.9 million, $7.2 million and $8.2 million for 2012, 2011 and 2010, respectively. In addition, the parent company received management fees from Hyster-Yale prior to the spin-off of $9.6 million, $9.7 million and $7.8 million for the years ended December 31, 2012, 2011 and 2010, respectively.

	2012			2011			2010
Revenues from external customers
NACoal	$	132.4		$	81.8		$	156.8
HBB	521.6			493.0			515.7
KC	224.7			221.2			219.6
Eliminations	(5.3		)	(5.6		)	(6.5		)
Total	$	873.4		$	790.4		$	885.6
Gross profit
NACoal	$	28.0		$	15.3		$	37.9
HBB	102.3			97.2			111.1
KC	95.8			97.4			97.7
NACCO and Other	(0.3		)	(0.2		)	(0.2		)
Eliminations	0.1			(0.1		)	(0.1		)
Total	$	225.9		$	209.6		$	246.4
Selling, general and administrative expenses
NACoal	$	36.8		$	26.6		$	28.2
HBB	66.5			63.4			65.2
KC	100.4			94.9			91.8
NACCO and Other	6.7			7.1			10.6
Total	$	210.4		$	192.0		$	195.8

	2012			2011			2010
Operating profit (loss)
NACoal	$	43.2		$	35.2		$	53.3
HBB	35.8			33.8			45.9
KC	(4.6		)	2.5			5.9
NACCO and Other	(7.0		)	(7.3		)	(10.8		)
Eliminations	0.1			(0.1		)	(0.1		)
Total	$	67.5		$	64.1		$	94.2
Interest expense
NACoal	$	2.9		$	3.0		$	3.3
HBB	2.7			5.2			7.2
KC	0.5			0.5			0.3
Total	$	6.1		$	8.7		$	10.8
Interest income
NACoal	$	(0.2	)	$	(0.3	)	$	(0.3	)
Total	$	(0.2	)	$	(0.3	)	$	(0.3	)
Other (income) expense
NACoal	$	(1.3	)	$	(1.4	)	$	(0.1	)
HBB	0.3			0.8			0.3
KC	—			0.1			0.1
NACCO and Other	4.6			(56.1		)	20.7
Total	$	3.6		$	(56.6	)	$	21.0
Income tax provision (benefit)
NACoal	$	9.0		$	4.5		$	10.8
HBB	11.6			9.4			14.0
KC	(2.0		)	0.8			2.0
NACCO and Other	(3.0		)	18.1			(11.1		)
Eliminations	0.2			—			(0.1		)
Total	$	15.8		$	32.8		$	15.6
Income (loss) from continuing operations
NACoal	$	32.8		$	29.4		$	39.6
HBB	21.2			18.4			24.4
KC	(3.1		)	1.1			3.5
NACCO and Other	(8.6		)	30.7			(20.4		)
Eliminations	(0.1		)	(0.1		)	—
Total	$	42.2		$	79.5		$	47.1

	2012			2011			2010
Total assets
NACoal	$	368.7		$	278.5		$	269.2
HBB	215.5			201.5			251.7
KC	84.0			89.0			86.6
NACCO and Other	154.6			169.5			71.8
Discontinued Operations	—			1,117.0			1,041.2
Eliminations	(46.5		)	(46.8		)	(49.6		)
Total	$	776.3		$	1,808.7		$	1,670.9
Depreciation, depletion and amortization
NACoal	$	10.9		$	7.9		$	9.9
HBB	3.1			4.9			3.6
KC	3.6			3.1			3.5
NACCO and Other	0.4			0.5			1.3
Total	$	18.0		$	16.4		$	18.3
Capital expenditures
NACoal	$	37.1		$	14.1		$	9.8
HBB	3.2			3.7			2.2
KC	3.9			2.3			2.7
NACCO and Other	0.5			0.1			1.1
Total	$	44.7		$	20.2		$	15.8

Data By Geographic Region

No single country outside of the United States comprised 10% or more of the Company's revenues from unaffiliated customers.

	United States		Other		Consolidated
2012
Revenues from unaffiliated customers, based on the customers’ location	$	746.8	$	126.6	$	873.4
Long-lived assets	$	197.1	$	6.1	$	203.2
2011
Revenues from unaffiliated customers, based on the customers’ location	$	662.0	$	128.4	$	790.4
Long-lived assets	$	124.2	$	5.0	$	129.2
2010
Revenues from unaffiliated customers, based on the customers’ location	$	770.8	$	114.8	$	885.6
Long-lived assets	$	125.1	$	4.2	$	129.3