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Segment Information | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Segment Information | Segment Information In the first quarter of 2018, TriMas realigned its reporting structure into three reportable segments: Packaging, Aerospace, and Specialty Products. Each of these segments has discrete financial information that is regularly evaluated by TriMas' president and chief executive officer (chief operating decision maker) in determining resource, personnel and capital allocation, as well as assessing strategy and performance. The Company utilizes its proprietary TriMas Business Model as a standardized set of processes to manage and drive results and strategy across its multi-industry businesses. Within the Company's 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 – The Packaging segment, which consists primarily of the Rieke® brand, develops and manufactures specialty dispensing and closure products for the health, beauty and home care, food and beverage, and industrial markets. Aerospace – The Aerospace segment, which includes the Monogram Aerospace Fasteners™, Allfast Fastening Systems®, Mac Fasteners™ and Martinic Engineering™ brands, develops, qualifies and manufactures highly-engineered, precision fasteners and machined products to serve the aerospace market. Specialty Products – The Specialty Products segment, which includes the Norris Cylinder™, Lamons® and Arrow® Engine brands, designs, manufactures and distributes highly-engineered steel cylinders, sealing and fastener products, and wellhead engines and compression systems for use within the industrial, petrochemical, and oil and gas exploration and refining markets. Segment activity is as follows (dollars in thousands):
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Net Sales |  |  |  |  |  |  |  |
Packaging |  | $ | 95,250 |  |  | $ | 89,560 |  |  | $ | 278,540 |  |  | $ | 259,260 |
Aerospace |  | 49,070 |  |  | 48,550 |  |  | 140,500 |  |  | 141,550 |
Specialty Products |  | 79,460 |  |  | 71,220 |  |  | 246,750 |  |  | 221,720 |
Total |  | $ | 223,780 |  |  | $ | 209,330 |  |  | $ | 665,790 |  |  | $ | 622,530 |
Operating Profit (Loss) |  |  |  |  |  |  |  |
Packaging |  | $ | 22,060 |  |  | $ | 23,140 |  |  | $ | 64,450 |  |  | $ | 61,630 |
Aerospace |  | 8,290 |  |  | 7,810 |  |  | 20,680 |  |  | 19,860 |
Specialty Products |  | 7,720 |  |  | 5,000 |  |  | 26,610 |  |  | 11,770 |
Corporate(a) |  | (8,190 | ) |  | (7,660 | ) |  | (15,130 | ) |  | (22,640 | )
Total |  | $ | 29,880 |  |  | $ | 28,290 |  |  | $ | 96,610 |  |  | $ | 70,620 |
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(a) | During the first quarter of 2018, the Company removed an obligation from its balance sheet, resulting in an approximate $8.2 million non-cash reduction in selling, general and administrative expenses. See Note 10, "Commitments and Contingencies," for further details.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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