XML 37 R24.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Business, Product and Geographical Area Information and Concentration of Risk | 12 Months Ended
--- | ---
Dec. 31, 2018
Segment Reporting [Abstract] |
Business, Product and Geographical Area Information and Concentration of Risk | Our primary line of business is the production of semi-fabricated specialty aluminum mill products, such as aluminum plate and sheet and extruded and drawn products, primarily used in Aero/HS products, Automotive Extrusions, GE products and Other products. We operate 12 focused production facilities in the United States and one in Canada. Our chief operating decision maker reviews and evaluates our business as a single operating segment. Prior to 2018, we reported our consolidated financial statements based on one reportable segment, Fabricated Products (comprised primarily of our manufacturing operations), and presented the business unit All Other (comprised primarily of corporate general and administrative expenses) as a reconciling item between Fabricated Products and our consolidated financial statements. During 2018, we determined that the All Other business unit had decreased in materiality and relevance and was therefore immaterial to our consolidated financial statements. Therefore, we no longer separate All Other from Fabricated Products for all periods presented in this Report and on a prospective basis. At December 31, 2018, approximately 62% of our employees were covered by collective bargaining agreements and none of our employees were covered by collective bargaining agreements with expiration dates occurring within one year from December 31, 2018. Net sales by end market applications and by timing of control transfer for each period presented were as follows (in millions of dollars):
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Net sales: |  |  |  |  |
Aero/HS products | $ | 739.4 |  |  | $ | 653.7 |  |  | $ | 675.4 |
Automotive Extrusions | 239.3 |  |  | 217.3 |  |  | 188.8 |
GE products | 546.0 |  |  | 476.2 |  |  | 420.1 |
Other products | 61.2 |  |  | 50.3 |  |  | 46.3 |
Total net sales | $ | 1,585.9 |  |  | $ | 1,397.5 |  |  | $ | 1,330.6 |
Timing of revenue recognition – Note 11: |  |  |  |  |
Products transferred at a point in time | $ | 543.0 |  |  | n/a |  |  | n/a |
Products transferred over time | 1,042.9 |  |  | n/a |  |  | n/a |
Total net sales | $ | 1,585.9 |  |  |  |  |
Geographic information for net sales based on country of origin, income taxes paid and long-lived assets were as follows (in millions of dollars):
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Net sales to unaffiliated customers: |  |  |  |  |
Domestic | $ | 1,509.6 |  |  | $ | 1,337.3 |  |  | $ | 1,278.6 |
Foreign 1 | 76.3 |  |  | 60.2 |  |  | 52.0 |
Total net sales | $ | 1,585.9 |  |  | $ | 1,397.5 |  |  | $ | 1,330.6 |
Income taxes paid: |  |  |  |  |
Domestic | $ | 1.6 |  |  | $ | 1.2 |  |  | $ | 0.7 |
Foreign | 2.0 |  |  | 0.1 |  |  | 0.5 |
Total income taxes paid | $ | 3.6 |  |  | $ | 1.3 |  |  | $ | 1.2 |
| December 31,
| 2018 |  | 2017 |  | 2016
Long-lived assets:2 |  |  |  |  |
Domestic | $ | 581.7 |  |  | $ | 541.2 |  |  | $ | 499.5 |
Foreign 1 | 30.1 |  |  | 30.2 |  |  | 31.4 |
Total long-lived assets | $ | 611.8 |  |  | $ | 571.4 |  |  | $ | 530.9 |
__________________
1. | Foreign reflects our London, Ontario production facility.
2. | Long-lived assets represent Property, plant and equipment, net.
The aggregate foreign currency transaction gain (loss) included in determining net income were immaterial for 2018, 2017 and 2016. For the years ended December 31, 2018, December 31, 2017 and December 31, 2016, one customer represented 25%, 27% and 26%, respectively, of Net sales and a second customer represented 15%, 12% and 10%, respectively, of Net sales. One individual customer accounted for 31% and another individual customer accounted for 11% of the accounts receivable balance at December 31, 2018. One individual customer accounted for 22% and another individual customer accounted for 14% of the accounts receivable balance at December 31, 2017. Information about export sales and primary aluminum supply from our major suppliers were as follows for the periods presented:
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Percentage of Net sales: |  |  |  |  |
Export sales | 15 | % |  | 18 | % |  | 19 | %
Percentage of total annual primary aluminum supply (lbs): |  |  |  |  |
Supply from our top five major suppliers | 81 | % |  | 85 | % |  | 84 | %
Supply from our largest supplier | 22 | % |  | 36 | % |  | 32 | %
Supply from our second and third largest suppliers combined | 38 | % |  | 33 | % |  | 32 | %

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration