XML 19 R8.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Segment Results | 3 Months Ended
--- | ---
Mar. 31, 2017
Segment Reporting [Abstract] |
Segment Results | Segment Results The Company’s segments are reported on the same basis used internally for evaluating performance and for allocating resources. The Company has four reportable segments: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics and Engineered Materials. Assets of the reportable segments exclude general corporate assets, which principally consist of cash, deferred tax assets, insurance receivables, certain property, plant and equipment, and certain other assets. Corporate consists of corporate office expenses including compensation and benefits for corporate employees, occupancy, depreciation, and other administrative costs.
| Three Months Ended
| March 31,
(in millions) | 2017 |  | 2016
Net sales |  |  |
Fluid Handling | $ | 239.6 |  |  | $ | 248.0 |
Payment & Merchandising Technologies | 195.5 |  |  | 172.0 |
Aerospace & Electronics | 163.4 |  |  | 171.7 |
Engineered Materials | 74.9 |  |  | 68.3 |
Total | $ | 673.4 |  |  | $ | 660.0 |
Operating profit (loss) |  |  |
Fluid Handling | $ | 27.1 |  |  | $ | 25.4 |
Payment & Merchandising Technologies | 39.1 |  |  | 28.0 |
Aerospace & Electronics | 32.1 |  |  | 33.1 |
Engineered Materials | 14.0 |  |  | 13.7 |
Corporate | (15.7 | ) |  | (14.7 | )
Total | 96.6 |  |  | 85.5 |
Interest income | 0.5 |  |  | 0.5 |
Interest expense | (9.0 | ) |  | (9.1 | )
Miscellaneous - net | (0.2 | ) |  | (0.3 | )
Income before income taxes | $ | 87.9 |  |  | $ | 76.6 |
(in millions) | March 31, 2017 |  | December 31, 2016
Assets |  |  |
Fluid Handling | $ | 857.2 |  |  | $ | 845.9 |
Payment & Merchandising Technologies | 1,204.6 |  |  | 1,188.9 |
Aerospace & Electronics | 561.5 |  |  | 555.5 |
Engineered Materials | 231.1 |  |  | 224.7 |
Corporate | 596.6 |  |  | 613.0 |
Total | $ | 3,451.0 |  |  | $ | 3,428.0 |
(in millions) | March 31, 2017 |  | December 31, 2016
Goodwill |  |  |
Fluid Handling | $ | 213.7 |  |  | $ | 212.3 |
Payment & Merchandising Technologies | 570.4 |  |  | 563.3 |
Aerospace & Electronics | 202.3 |  |  | 202.3 |
Engineered Materials | 171.3 |  |  | 171.3 |
Total | $ | 1,157.7 |  |  | $ | 1,149.2 |
The table below presents net sales by product line for each segment:
|  | Three Months Ended
|  | March 31,
(in millions) |  | 2017 |  | 2016
Fluid Handling |  |  |  |
Process Valves and Related Products |  | $ | 148.6 |  |  | $ | 155.0 |
Commercial Valves |  | 69.5 |  |  | 72.4 |
Other Products |  | 21.5 |  |  | 20.6 |
Total Fluid Handling |  | $ | 239.6 |  |  | $ | 248.0 |
Payment & Merchandising Technologies |  |  |  |
Payment Acceptance and Dispensing Products |  | $ | 145.9 |  |  | $ | 117.7 |
Merchandising Equipment |  | 49.6 |  |  | 54.3 |
Total Payment & Merchandising Technologies |  | $ | 195.5 |  |  | $ | 172.0 |
Aerospace & Electronics |  |  |  |
Commercial Original Equipment |  | $ | 82.5 |  |  | $ | 90.0 |
Military and Other Original Equipment |  | 38.0 |  |  | 40.6 |
Commercial Aftermarket Products |  | 32.1 |  |  | 30.4 |
Military Aftermarket Products |  | 10.8 |  |  | 10.7 |
Total Aerospace & Electronics |  | $ | 163.4 |  |  | $ | 171.7 |
Engineered Materials |  |  |  |
FRP - Recreational Vehicles |  | $ | 41.6 |  |  | $ | 35.2 |
FRP - Building Products |  | 24.5 |  |  | 22.5 |
FRP - Transportation |  | 8.8 |  |  | 10.6 |
Total Engineered Materials |  | $ | 74.9 |  |  | $ | 68.3 |
Total Net Sales |  | $ | 673.4 |  |  | $ | 660.0 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration