Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Segment Reporting Information, by Segment

The following tables (dollars shown in millions) set forth information about the Company’s operations by its reportable business segments and by geographic area.

Operations by Reportable Business Segment



	Aerospace		Industrial		Distribution		Other			Total Company
Revenues
2012	$	390.5	$	497.0	$	350.7	$	(8.3	)	$	1,230.0
2011	382.5		440.5		355.3		(8.9		)	1,169.4
2010	334.2		374.1		329.5		(9.1		)	1,028.6
Operating profit
2012	$	63.3	$	43.9	$	29.4	$	—		$	136.6
2011	62.6		39.1		25.8		—			127.6
2010	52.4		29.4		4.6		—			86.4
Assets
2012	$	533.5	$	876.9	$	272.9	$	185.3		$	1,868.6
2011	545.0		453.3		278.1		164.0			1,440.4
2010	545.2		436.8		341.1		80.2			1,403.3
Depreciation and amortization
2012	$	21.2	$	23.8	$	10.3	$	2.1		$	57.4
2011	24.2		18.8		13.5		2.4			58.9
2010	20.8		16.3		13.6		2.1			52.8
Capital expenditures
2012	$	8.6	$	23.8	$	5.0	$	0.4		$	37.8
2011	13.5		18.6		4.7		0.3			37.1
2010	9.9		11.7		6.9		0.3			28.8

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Notes:

One customer, General Electric, accounted for 17%, 19% and 20% of the Company’s total revenues in 2012, 2011 and 2010, respectively.

“Other” revenues represent the elimination of intersegment sales.

“Other” assets include corporate-controlled assets, the majority of which are cash and deferred tax assets.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

A reconciliation of the total reportable segments’ operating profit to income from continuing operations before income taxes follows:



	2012		2011		2010
Operating profit	$	136.6	$	127.6	$	86.4
Interest expense	12.2		10.3		20.0
Other expense (income), net	2.7		0.4		2.6
Income from continuing operations before income taxes	$	121.6	$	116.9	$	63.8

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

Operations by Geographic Area



	Domestic		International		Other			Total Company
Revenues
2012	$	800.5	$	468.1	$	(38.6	)	$	1,230.0
2011	765.6		442.0		(38.2		)	1,169.4
2010	701.7		368.6		(41.7		)	1,028.6
Long-lived assets
2012	$	372.0	$	848.1	$	—		$	1,220.1
2011	303.7		559.0		—			862.7
2010	290.4		619.9		—			910.3

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Notes:

International sales derived from any one country did not exceed 10% of the Company’s total revenues.

“Other” revenues represent the elimination of intercompany sales between geographic locations, of which approximately 44% were sales from international locations to domestic locations.

Long-lived assets located in any one international country that exceeded 10% of the Company’s total long-lived assets as of December 31, 2012 included $239.1 million of intangible assets related to the RSPs recorded in Singapore at the aftermarket division of the Aerospace segment, $152.1 million and $140.9 million primarily related to goodwill and intangible assets at the Synventive China and Germany divisions of the Industrial segment, respectively, and $151.1 million primarily related to goodwill and property, plant and equipment at the Hänggi division of the Industrial segment located in Switzerland.

In the first quarter of 2013, the Company entered into a definitive agreement to sell its Barnes Distribution North America business (“BDNA”) to MSC Industrial Direct Co., Inc. subject to certain adjustments. BDNA, which currently comprises the majority of the Company's Distribution segment results, reported 2012 sales of approximately $300.0 million. See Note 21 of the Consolidated Financial Statements.

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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