Segment Reporting

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

At September 30, 2014 the following includes a summary of the unaudited financial information by reporting segment: 

	Three Months Ended   September 30,				Nine Months Ended   September 30,
(in thousands)	2014		2013		2014		2013
Net Sales
Industrial	$	125,952	$	71,890	$	308,348	$	218,863
Agricultural	57,668		61,157		160,144		168,048
European	49,555		41,691		142,286		124,320
Consolidated	$	233,175	$	174,738	$	610,778	$	511,231
Income from Operations
Industrial	$	12,201	$	6,489	$	28,629	$	20,030
Agricultural	4,594		6,250		9,384		16,261
European	4,731		2,587		8,940		6,335
Consolidated	$	21,526	$	15,326	$	46,953	$	42,626

(in thousands)	September 30, 2014		December 31, 2013
Goodwill
Industrial	$	52,382	$	13,176
Agricultural	743		—
European	18,871		18,897
Consolidated	$	71,996	$	32,073
Total Identifiable Assets
Industrial	$	376,852	$	161,080
Agricultural	116,361		123,352
European	161,127		154,044
Consolidated	$	654,340	$	438,476

The 2014 acquisitions are reflected in the above segment reporting. Business units of Specialized are in the Industrial segment, Fieldquip and Superior are in the Agricultural segment and Kellands is in the European segment.