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Segment Information (Notes) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Information | Segment Information TriMas reports its operations in three 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 its platform, which is based upon a standardized set of processes, to manage and drive results and strategy across its multi-industry businesses. Within each of 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 – TriMas' Packaging segment consists primarily of the Rieke, Affaba & Ferrari, Taplast, Rapak, Plastic Srl, Aarts Packaging, Intertech and Omega brands. TriMas Packaging develops and manufactures a broad array of dispensing products (such as foaming pumps, lotion, hand soap and sanitizer pumps, beverage dispensers, perfume sprayers, nasal sprayers and trigger sprayers), polymeric and steel caps and closures (such as food lids, flip-top closures, child resistant caps, beverage closures, fragrance and cosmetic caps, drum and pail closures, and flexible spouts), polymeric jar products, fully integrated dispensers for fill-ready bag-in-box applications, and consumable vascular delivery and diagnostic test components, all for a variety of consumer products submarkets including, but not limited to, beauty and personal care, food and beverage, home care, and life sciences, including, but not limited to, pharmaceutical, nutraceutical, and medical, as well as industrial markets (including agricultural). Aerospace – TriMas' Aerospace segment, which includes the Monogram Aerospace Fasteners, Allfast Fastening Systems, Mac Fasteners, TFI Aerospace, RSA Engineered Products, Martinic Engineering, and Weldmac Manufacturing Company brands, develops, qualifies and manufactures highly-engineered, precision fasteners, tubular products and assemblies for fluid conveyance, and machined products and assemblies to serve the aerospace and defense market. Specialty Products – TriMas' Specialty Products segment, which includes the Norris Cylinder and Arrow Engine brands, designs, manufactures and distributes highly-engineered steel cylinders for use within industrial and aerospace markets, natural gas-fired engines for remote power generation applications and compression systems for use within the North American industrial oil and gas markets. Segment activity is as follows (dollars in thousands):
|  | Year ended December 31,
|  | 2023 |  | 2022 |  | 2021
Net Sales |  |  |  |  |  |
Packaging |  | $ | 463,600 |  |  | $ | 522,180 |  |  | $ | 533,260 |
Aerospace |  | 241,400 |  |  | 188,090 |  |  | 183,340 |
Specialty Products |  | 188,550 |  |  | 173,560 |  |  | 140,510 |
Total |  | $ | 893,550 |  |  | $ | 883,830 |  |  | $ | 857,110 |
Operating Profit (Loss) |  |  |  |  |  |
Packaging |  | $ | 60,140 |  |  | $ | 81,000 |  |  | $ | 96,490 |
Aerospace (a) |  | 15,520 |  |  | 8,060 |  |  | 13,270 |
Specialty Products |  | 36,400 |  |  | 30,250 |  |  | 22,550 |
Corporate (b) (c) |  | (46,620) |  |  | (20,250) |  |  | (37,220) |
Total |  | $ | 65,440 |  |  | $ | 99,060 |  |  | $ | 95,090 |
Capital Expenditures |  |  |  |  |  |
Packaging |  | $ | 29,060 |  |  | $ | 33,170 |  |  | $ | 34,080 |
Aerospace |  | 14,620 |  |  | 6,900 |  |  | 5,390 |
Specialty Products |  | 10,410 |  |  | 5,860 |  |  | 5,500 |
Corporate (c) |  | 100 |  |  | 30 |  |  | 90 |
Total |  | $ | 54,190 |  |  | $ | 45,960 |  |  | $ | 45,060 |
Depreciation and Amortization |  |  |  |  |  |
Packaging |  | $ | 34,170 |  |  | $ | 29,340 |  |  | $ | 30,500 |
Aerospace |  | 19,160 |  |  | 19,620 |  |  | 18,700 |
Specialty Products |  | 4,130 |  |  | 4,130 |  |  | 4,120 |
Corporate (c) |  | 130 |  |  | 130 |  |  | 130 |
Total |  | $ | 57,590 |  |  | $ | 53,220 |  |  | $ | 53,450 |
Total Assets |  |  |  |  |  |
Packaging |  | $ | 830,620 |  |  | $ | 776,550 |  |  | $ | 739,920 |
Aerospace |  | 390,910 |  |  | 347,720 |  |  | 353,800 |
Specialty Products |  | 92,770 |  |  | 86,290 |  |  | 73,260 |
Corporate (c) |  | 27,360 |  |  | 94,440 |  |  | 136,660 |
Total |  | $ | 1,341,660 |  |  | $ | 1,305,000 |  |  | $ | 1,303,640 |
__________________________ (a) In 2022, the Company completed the sale of vacant land adjacent to the Company's Tolleson, Arizona, manufacturing facility for net proceeds of $5.0 million, and recognized a $4.8 million gain on the sale, which is included within the Aerospace segment. (b) In 2022, the Company sold a non-core facility in City of Industry, California, for net proceeds of $23.3 million, and recognized a $17.6 million gain on the sale, which is included in Corporate operating loss for 2022 and included within net gain (loss) on disposition of assets in the accompanying consolidated statement of income. (c) Corporate consists of our corporate office and related corporate activities. Corporate expenses primarily include compensation, benefits, professional services, information technology and other administrative costs. Corporate assets consist primarily of cash and cash equivalents, unallocated deferred tax assets and prepaid assets. Corporate expenses and assets reconcile reportable segment information to the consolidated totals. The following table presents the Company's net sales for each of the years ended December 31 and long-lived assets at each year ended December 31, by geographical area (dollars in thousands).
|  | As of December 31,
|  | 2023 |  | 2022 |  | 2021
|  | Net Sales |  | Long-lived Assets |  | Net Sales |  | Long-lived Assets |  | Net Sales |  | Long-lived Assets
Non-U.S. |  |  |  |  |  |  |  |  |  |  |  |
Europe |  | $ | 153,120 |  |  | $ | 238,640 |  |  | $ | 139,780 |  |  | $ | 192,600 |  |  | $ | 160,650 |  |  | $ | 209,380 |
Asia Pacific |  | 34,240 |  |  | 27,000 |  |  | 35,260 |  |  | 29,720 |  |  | 41,310 |  |  | 37,080 |
Other Americas |  | 24,950 |  |  | 45,120 |  |  | 18,040 |  |  | 41,840 |  |  | 15,290 |  |  | 42,000 |
Total non-U.S. |  | 212,310 |  |  | 310,760 |  |  | 193,080 |  |  | 264,160 |  |  | 217,250 |  |  | 288,460 |
Total U.S. |  | 681,240 |  |  | 564,020 |  |  | 690,750 |  |  | 541,510 |  |  | 639,860 |  |  | 489,390 |
Total |  | $ | 893,550 |  |  | $ | 874,780 |  |  | $ | 883,830 |  |  | $ | 805,670 |  |  | $ | 857,110 |  |  | $ | 777,850 |
The Company's export sales from the U.S. approximated $72.2 million, $74.5 million and $80.6 million in 2023, 2022 and 2021, respectively.

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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://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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