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Segment Information
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
TriMas reports its operations in three segments: Packaging, Aerospace and Specialty Products. Each of these segments has discrete financial information that is regularly evaluated by TriMas’ president and chief executive officer (chief operating decision maker) in determining resource, personnel and capital allocation, as well as assessing strategy and performance. The Company utilizes its proprietary TriMas Business Model as its platform which is based upon a standardized set of processes to manage and drive results and strategy across its multi-industry businesses.
Within the Company's reportable segments, there are no individual products or product families for which reported net sales accounted for more than 10% of the Company's consolidated net sales. See below for more information regarding the types of products and services provided within each reportable segment:
Packaging – The Packaging segment, which consists primarily of the Rieke®, Taplast, Affaba & Ferrari, Stolz, and Rapak® brands, develops and manufactures a broad array of dispensing products (such as foaming pumps, lotion and hand soap pumps, sanitizer pumps, beverage dispensers, perfume sprayers, nasal sprayers and trigger sprayers), polymeric and steel caps and closures (such as food lids, flip-top closures, child resistance caps, beverage closures, drum and pail closures, flexible spouts, and agricultural closures), polymeric jar products, and fully integrated dispensers for fill-ready bag-in-box applications, all for a variety of consumer products submarkets including, but not limited to, beauty and personal care, food and beverage, home care, and pharmaceutical and nutraceutical, as well as the industrial market.
Aerospace – The Aerospace segment, which includes the Monogram Aerospace Fasteners, Allfast Fastening Systems®, Mac Fasteners, RSA Engineered Products and Martinic Engineering brands, develops, qualifies and manufactures highly-engineered, precision fasteners, tubular products and assemblies for fluid conveyance, and machined products and assemblies to serve the aerospace and defense market.
Specialty Products – The Specialty Products segment, which includes the Norris Cylinderand Arrow® Engine brands, designs, manufactures and distributes highly-engineered steel cylinders, wellhead engines and compression systems for use within industrial markets.
Segment activity is as follows (dollars in thousands):
 Year ended December 31,
 202020192018
Net Sales   
Packaging$488,340 $392,340 $368,200 
Aerospace167,740 194,110 185,920 
Specialty Products113,890 137,080 150,910 
Total$769,970 $723,530 $705,030 
Operating Profit (Loss)   
Packaging$93,990 $80,770 $84,590 
Aerospace(133,440)28,950 27,290 
Specialty Products4,350 16,000 20,990 
Corporate(53,190)(34,500)(24,060)
Total$(88,290)$91,220 $108,810 
Capital Expenditures   
Packaging$30,730 $16,400 $13,590 
Aerospace5,770 8,110 1,190 
Specialty Products3,890 5,090 3,750 
Corporate(a)
90 70 4,890 
Total$40,480 $29,670 $23,420 
Depreciation and Amortization   
Packaging$27,600 $24,650 $21,620 
Aerospace18,130 15,090 15,190 
Specialty Products3,910 3,480 3,400 
Corporate130 280 280 
Total$49,770 $43,500 $40,490 
Total Assets
Packaging$721,440 $546,950 $435,140 
Aerospace348,190 393,260 392,140 
Specialty Products65,520 77,250 82,610 
Corporate58,730 175,240 95,260 
Subtotal from continuing operations1,193,880 1,192,700 1,005,150 
Discontinued operations— — 95,370 
Total$1,193,880 $1,192,700 $1,100,520 
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(a) Corporate capital expenditures for the year ended December 31, 2018 are primarily related to purchases of machinery and equipment formerly held under operating leases. These purchased assets were subsequently transferred from Corporate to the segment utilizing the assets.
The following table presents the Company's net sales for each of the years ended December 31 and long-lived assets at each year ended December 31, attributed to each subsidiary's continent of domicile (dollars in thousands).
 As of December 31,
 202020192018
 Net
Sales
Long-lived AssetsNet
Sales
Long-lived AssetsNet
Sales
Long-lived Assets
Non-U.S.      
Europe$116,350 $225,120 $87,420 $110,530 $54,920 $53,770 
Asia Pacific46,350 41,140 37,920 40,720 38,920 44,230 
Other Americas11,740 19,510 6,290 18,430 6,170 7,500 
Total non-U.S.174,440 285,770 131,630 169,680 100,010 105,500 
Total U.S. 595,530 477,460 591,900 540,680 605,020 550,990 
Total$769,970 $763,230 $723,530 $710,360 $705,030 $656,490 
The Company's export sales from the U.S. approximated $70.0 million, $74.1 million and $69.9 million in 2020, 2019 and 2018, respectively.