Segment and Geographical Area Information (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Summary of financial information by operating segment

	Quarter Ended						Six Months Ended
	June 30,						June 30,
	2018			2017			2018			2017
Net sales:
Fabricated Products	$	415.4		$	356.3		$	803.4		$	711.6
Segment operating income (loss):
Fabricated Products	$	48.3		$	25.6		$	97.8		$	96.2
All Other	(13.6		)	(13.1		)	(26.0		)	(24.4		)
Total operating income	34.7			12.5			71.8			71.8
Interest expense	(5.7		)	(5.5		)	(11.3		)	(11.1		)
Other (expense) income, net	(0.5		)	(0.1		)	(0.4		)	0.7
Income before income taxes	$	28.5		$	6.9		$	60.1		$	61.4
Depreciation and amortization:
Fabricated Products	$	10.8		$	9.4		$	21.1		$	18.8
All Other	0.1			0.1			0.3			0.3
Total depreciation and amortization	$	10.9		$	9.5		$	21.4		$	19.1
Capital expenditures:
Fabricated Products	$	16.0		$	24.8		$	35.6		$	39.4
All Other	0.1			0.1			0.2			0.3
Total capital expenditures	$	16.1		$	24.9		$	35.8		$	39.7

	June 30, 2018		December 31, 2017
Assets:
Fabricated Products	$	1,097.6	$	1,046.8
All Other1	326.2		338.4
Total assets	$	1,423.8	$	1,385.2

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¹  Assets in All Other represent primarily all of our cash, cash equivalents and restricted cash, short-term investments, deferred compensation program assets and net deferred income tax assets.

Schedule of net sales by end market segment applications

Net sales by end market applications and by timing of transfer for the Fabricated Products segment were as follows (in millions of dollars):

	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Net sales:
Aero/HS products	$	185.0	$	165.5	$	355.2	$	333.0
Automotive Extrusions	67.3		55.9		127.8		108.9
GE products	147.9		122.0		291.2		245.2
Other products	15.2		12.9		29.2		24.5
Total net sales	$	415.4	$	356.3	$	803.4	$	711.6
Timing of revenue recognition – Note 8:
Products transferred at a point in time	$	140.8	n/a		$	297.4	n/a
Products transferred over time	274.6		n/a		506.0		n/a
Total net sales	$	415.4			$	803.4

Schedule of income taxes paid by geographical area

Geographic information for income taxes paid was as follows (in millions of dollars):

	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Income taxes paid:
Fabricated Products –
Domestic	$	0.7	$	0.3	$	0.9	$	0.4
Foreign	2.0		—		2.0		0.1
Total income taxes paid	$	2.7	$	0.3	$	2.9	$	0.5

Schedule of information for contractual delivery of primary aluminum supply from major suppliers

Information for delivery of our primary aluminum supply from our major suppliers was as follows:

	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Percentage of total primary aluminum supply (lbs):
Supply from our top five major suppliers	83	%	80	%	82	%	80	%
Supply from our largest supplier	35	%	24	%	37	%	25	%
Supply from our second and third largest suppliers combined	34	%	35	%	30	%	33	%