XML 23 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Information
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Segment Information

Note 5. Segment Information

The segment information and the accounting policies of each segment are the same as those described in the Notes to Consolidated Financial Statements entitled “Segment Information” and “Summary of Significant Accounting Policies and Practices,” respectively, included in our 2016 Annual Report. Our business has historically been aggregated into three reportable segments: PBC, APC, and PEP. See Note 2 for information regarding the sale of the PBC business on August 17, 2017. The results of the PBC business are classified as discontinued operations for all periods in the condensed consolidated financial statements and accompanying notes unless otherwise stated. Accordingly, results of the PBC business are not included in the tabular presentation below.

Within our APC segment, we manufacture highly engineered, difficult-to-manufacture precision metal components and sub-assemblies for the automotive and industrial end markets.

 

Within our PEP segment, we combine materials science expertise with advanced engineering and production capabilities to design and manufacture a broad range of high-precision metal and plastic components, assemblies, and finished devices for the medical, electrical, automotive and aerospace end markets.

The following table presents results of continuing operations for each reportable segment. There were no significant inter-segment transactions during the three-month and nine-month periods ended September 30, 2017 and 2016.

 

     Autocam
Precision
Components
Group
     Precision
Engineered
Products
Group
     Corporate
and
Consolidations
     Total
Continuing
Operations
 

Three Months Ended September 30, 2017

           

Revenues from external customers

   $ 81,664      $ 66,492      $ —        $ 148,156  

Income (loss) from operations

   $ 6,799      $ 7,922      $ (8,425    $ 6,296  

Nine Months Ended September 30, 2017

           

Revenues from external customers

   $ 254,768      $ 208,890      $ —        $ 463,658  

Income (loss) from operations

   $ 28,088      $ 29,436      $ (25,230    $ 32,294  

Three Months Ended September 30, 2016

           

Revenues from external customers

   $ 80,492      $ 66,222      $ —        $ 146,714  

Income (loss) from operations

   $ 8,464      $ 9,913      $ (5,392    $ 12,985  

Nine Months Ended September 30, 2016

           

Revenues from external customers

   $ 247,473      $ 195,837      $ —        $ 443,310  

Income (loss) from operations

   $ 22,761      $ 26,116      $ (19,420    $ 29,457