XML 71 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
TriMas groups its operating segments into reportable segments that provide similar products and services. Each operating segment has discrete financial information evaluated regularly by the Company's chief operating decision maker in determining resource allocation and assessing performance. Within these reportable segments, there are no individual products or product families for which reported net sales accounted for more than 10% of the Company's consolidated net sales. See below for more information regarding the types of products and services provided within each reportable segment:
Packaging – Highly engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial and consumer packaging applications.
Energy – Metallic and non-metallic industrial sealant products and fasteners for the petroleum refining, petrochemical and other industrial markets.
Aerospace – Permanent blind bolts, temporary fasteners, highly engineered specialty fasteners and other precision machined parts used in the commercial, business and military aerospace industries.
Engineered Components – High-pressure and low-pressure cylinders for the transportation, storage and dispensing of compressed gases, and natural gas engines, compressors, gas production equipment and chemical pumps engineered at well sites for the oil and gas industry.
Cequent APEA & Cequent Americas – Custom-engineered towing, trailering and electrical products including trailer couplers, winches, jacks, trailer brakes and brake control solutions, lighting accessories and roof racks for the recreational vehicle, agricultural/utility, marine, automotive and commercial trailer markets, functional vehicle accessories and cargo management solutions including vehicle hitches and receivers, sway controls, weight distribution and fifth-wheel hitches, hitch-mounted accessories and other accessory components.
Segment activity is as follows:
 
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
(dollars in thousands)
Net Sales
 
 
 
 
 
 
 
 
Packaging
 
$
89,320

 
$
82,010

 
$
257,000

 
$
235,000

Energy
 
50,290

 
47,680

 
155,390

 
161,420

Aerospace
 
27,410

 
25,830

 
86,420

 
68,230

Engineered Components
 
55,310

 
47,540

 
165,060

 
143,830

Cequent APEA
 
44,290

 
40,950

 
127,560

 
111,330

Cequent Americas
 
113,500

 
110,900

 
357,080

 
348,600

Total
 
$
380,120

 
$
354,910

 
$
1,148,510

 
$
1,068,410

Operating Profit (Loss)
 
 
 
 
 
 
 
 
Packaging
 
$
20,770

 
$
31,320

 
$
59,670

 
$
65,550

Energy
 
(1,100
)
 
1,450

 
870

 
12,530

Aerospace
 
3,870

 
6,350

 
14,390

 
15,810

Engineered Components
 
8,090

 
2,860

 
24,920

 
14,450

Cequent APEA
 
3,210

 
3,570

 
7,930

 
9,300

Cequent Americas
 
8,660

 
7,440

 
31,310

 
21,030

Corporate expenses
 
(11,230
)
 
(9,410
)
 
(30,140
)
 
(29,520
)
Total
 
$
32,270

 
$
43,580

 
$
108,950

 
$
109,150