XML 56 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segments and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Reconciliation from Segment Totals to Consolidated
Year ended December 31,
(dollars in thousands)
 
2017
 
2016
 
2015
Net Sales:
 
 
 
 
 
 
U.S. & Canada
 
$
481,797

 
$
482,296

 
$
492,051

Latin America
 
144,322

 
151,389

 
167,069

EMEA
 
126,924

 
126,591

 
129,549

Other
 
28,785

 
33,144

 
33,676

Consolidated
 
$
781,828

 
$
793,420

 
$
822,345

 
 
 
 
 
 
 
Segment EBIT:
 
 
 
 
 
 
U.S. & Canada
 
$
48,044

 
$
75,449

 
$
78,144

Latin America
 
6,590

 
12,583

 
22,235

EMEA
 
1,321

 
1,387

 
3,289

Other
 
(3,838
)
 
1,001

 
4,614

Total Segment EBIT
 
$
52,117

 
$
90,420

 
$
108,282

 
 
 
 
 
 
 
Reconciliation of Segment EBIT to Net Income (Loss):
 
 
 
 
 
 
Segment EBIT
 
$
52,117

 
$
90,420

 
$
108,282

Retained corporate costs
 
(27,099
)
 
(27,265
)
 
(34,645
)
Goodwill impairment (note 4)
 
(79,700
)
 
—

 
—

Pension settlement charges (note 8)
 
—

 
(168
)
 
(21,693
)
Environmental obligation (note 17)
 
—

 
—

 
(157
)
Reorganization charges
 
(2,488
)
 
—

 
(4,316
)
Product portfolio optimization (1)
 
—

 
(5,693
)
 
—

Work stoppage (2)
 
—

 
(4,162
)
 
—

Executive terminations
 
—

 
(4,460
)
 
(870
)
Interest expense
 
(20,400
)
 
(20,888
)
 
(18,484
)
(Provision) benefit for income taxes
 
(15,798
)
 
(17,711
)
 
38,216

Net income (loss)
 
$
(93,368
)
 
$
10,073

 
$
66,333

 
 
 
 
 
 
 
Depreciation & Amortization:
 
 
 
 
 
 
U.S. & Canada
 
$
12,665

 
$
12,748

 
$
12,214

Latin America
 
18,576

 
19,068

 
14,738

EMEA
 
7,377

 
9,377

 
8,510

Other
 
5,088

 
5,588

 
5,855

Corporate
 
1,838

 
1,705

 
1,395

Consolidated
 
$
45,544

 
$
48,486

 
$
42,712

 
 
 
 
 
 
 
Capital Expenditures:
 
 
 
 
 
 
U.S. & Canada
 
$
10,056

 
$
10,671

 
$
25,106

Latin America
 
18,520

 
11,032

 
11,944

EMEA
 
17,158

 
7,571

 
6,773

Other
 
1,226

 
2,905

 
1,855

Corporate
 
668

 
2,425

 
2,458

Consolidated
 
$
47,628

 
$
34,604

 
$
48,136

______________________________
(1) Product portfolio optimization relates to inventory reductions to simplify and improve our operations.
(2) Work stoppage relates to the lower production volume impact, shipping costs and other direct incremental expenses associated with the two-week Toledo, Ohio work stoppage in the fourth quarter of 2016.
December 31,
(dollars in thousands)
 
2017
 
2016
 
2015
Segment Assets(1):
 
 
 
 
 
 
U.S. & Canada
 
$
147,809

 
$
130,390

 
$
140,840

Latin America
 
63,093

 
63,838

 
68,599

EMEA
 
48,270

 
44,588

 
48,924

Other
 
18,711

 
16,306

 
14,043

Consolidated
 
$
277,883

 
$
255,122

 
$
272,406


______________________________
(1) Segment assets are defined as net accounts receivable plus net inventory.
Schedule of Net Sales to Customers and Long-Lived Assets, by Geographical Areas
Geographic data for the U.S., Mexico and Other countries for 2017, 2016 and 2015 is presented below. Net sales are based on the geographical destination of the sale. The long-lived assets include net property, plant and equipment.
(dollars in thousands)
 
United States
 
Mexico
 
All Other
 
Consolidated
2017
 
 
 
 
 
 
 
 
Net sales
 
$
479,018

 
$
93,370

 
$
209,440

 
$
781,828

Long-lived assets
 
$
89,838

 
$
87,836

 
$
88,001

 
$
265,675

 
 
 
 
 
 
 
 
 
2016
 
 
 
 
 
 
 
 
Net sales
 
$
478,342

 
$
100,829

 
$
214,249

 
$
793,420

Long-lived assets
 
$
91,834

 
$
89,963

 
$
74,595

 
$
256,392

 
 
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
 
 
Net sales
 
$
488,582

 
$
107,386

 
$
226,377

 
$
822,345

Long-lived assets
 
$
94,206

 
$
93,573

 
$
84,755

 
$
272,534