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Segment Information
12 Months Ended
Dec. 31, 2021
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 each of 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, Rapak® and Omega Plastics 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, TFI Aerospace, 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,
 202120202019
Net Sales   
Packaging$533,260 $488,340 $392,340 
Aerospace183,340 167,740 194,110 
Specialty Products140,510 113,890 137,080 
Total$857,110 $769,970 $723,530 
Operating Profit (Loss)   
Packaging$96,490 $93,990 $80,770 
Aerospace13,270 (133,440)28,950 
Specialty Products22,550 4,350 16,000 
Corporate(37,220)(53,190)(34,500)
Total$95,090 $(88,290)$91,220 
Capital Expenditures   
Packaging$34,080 $30,730 $16,400 
Aerospace5,390 5,770 8,110 
Specialty Products5,500 3,890 5,090 
Corporate90 90 70 
Total$45,060 $40,480 $29,670 
Depreciation and Amortization   
Packaging$30,500 $27,600 $24,650 
Aerospace18,700 18,130 15,090 
Specialty Products4,120 3,910 3,480 
Corporate130 130 280 
Total$53,450 $49,770 $43,500 
Total Assets
Packaging$739,920 $721,440 $546,950 
Aerospace353,800 348,190 393,260 
Specialty Products73,260 65,520 77,250 
Corporate136,660 58,730 175,240 
Total$1,303,640 $1,193,880 $1,192,700 
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,
 202120202019
 Net
Sales
Long-lived AssetsNet
Sales
Long-lived AssetsNet
Sales
Long-lived Assets
Non-U.S.      
Europe$160,650 $209,380 $116,350 $225,120 $87,420 $110,530 
Asia Pacific41,310 37,080 46,350 41,140 37,920 40,720 
Other Americas15,290 42,000 11,740 19,510 6,290 18,430 
Total non-U.S.217,250 288,460 174,440 285,770 131,630 169,680 
Total U.S. 639,860 489,390 595,530 477,460 591,900 540,680 
Total$857,110 $777,850 $769,970 $763,230 $723,530 $710,360 
The Company's export sales from the U.S. approximated $80.6 million, $70.0 million and $74.1 million in 2021, 2020 and 2019, respectively.