Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

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

	Industrial		Aerospace		Other		Total Company
Revenues
2013	$	687.6	$	404.0	$	—	$	1,091.6
2012	538.3		390.5		—		928.8
2011	482.6		382.5		—		865.1
Operating profit
2013	$	71.9	$	51.3	$	—	$	123.2
2012	49.3		57.9		—		107.1
2011	45.8		55.7		—		101.6
Assets
2013	$	1,410.4	$	567.1	$	146.2	$	2,123.7
2012	907.1		533.5		428.0		1,868.6
2011	483.0		544.9		412.5		1,440.4
Depreciation and amortization
2013	$	38.4	$	23.2	$	3.5	$	65.1
2012	24.4		21.2		11.8		57.4
2011	19.3		24.2		15.4		58.9
Capital expenditures
2013	$	31.3	$	23.8	$	2.2	$	57.3
2012	24.3		8.6		4.9		37.8
2011	18.7		13.5		4.9		37.1

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Notes:

One customer, General Electric, accounted for 21%, 23% and 26% of the Company’s total revenues in 2013, 2012 and 2011, 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. "Other" assets as of December 31, 2012 and 2011 also include the assets of BDNA, which was sold on April 22, 2013. "Other" Depreciation and Amortization and "Other" Capital Expenditures in 2012 and 2011 also relate to transactions that occurred at BDNA, prior to its sale. See Note 2.

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:

	2013		2012		2011
Operating profit	$	123.2	$	107.1	$	101.6
Interest expense	13.1		12.2		10.3
Other expense (income), net	2.5		2.6		0.3
Income from continuing operations before income taxes	$	107.6	$	92.3	$	91.0

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

Operations by Geographic Area

	Domestic		International		Other			Total Company
Revenues
2013	$	593.3	$	524.1	$	(25.9	)	$	1,091.6
2012	529.9		421.7		(22.8		)	928.8
2011	495.6		394.7		(25.3		)	865.1
Long-lived assets
2013	$	330.2	$	1,214.0	$	—		$	1,544.2
2012	372.0		848.1		—			1,220.1
2011	303.7		559.0		—			862.7

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Notes:

Germany, with sales of $140.8 million in 2013, represents the only international country with revenues in excess of 10% of the Company's total revenues. International sales derived from any one country did not exceed 10% of the Company's total revenues for 2012 or 2011.

“Other” revenues represent the elimination of intercompany sales between geographic locations, of which approximately 72% 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, 2013 included $229.5 million of intangible assets related to the RSPs recorded in Singapore at the aftermarket division of the Aerospace segment, $156.4 million primarily related to goodwill and intangible assets at the Synventive China division of the Industrial segment, $477.3 million primarily related to goodwill, property, plant and equipment and intangible assets at the Synventive Germany and Männer Germany divisions of the Industrial segment and $193.8 million primarily related to goodwill and property, plant and equipment at the Hänggi division of the Industrial segment located in Switzerland.