v3.7.0.1

Segment and Geographical Data | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Segment and Geographical Data | (22) Segment and Geographical Data The Company is organized and operated as three operating segments: the HHI segment, the Metaldyne segment and the Grede segment. The HHI segment manufactures highly-engineered metal-based products for the North American light vehicle market. These components are used in Powertrain and Safety-Critical applications, including transmission components, drive line components, wheel hubs, axle ring and pinion gears, sprockets, balance shaft gears, timing drive systems, VVT components, transfer case components and wheel bearings. The Metaldyne segment manufactures highly-engineered metal-based Powertrain products for the global light vehicle markets. These components include connecting rods, VVT components, balance shaft systems, and crankshaft dampers, differential gears, pinions and assemblies, valve bodies, hollow and solid shafts, clutch modules and assembled end covers. The Grede segment manufactures cast, machined and assembled components for the light, commercial and industrial (agriculture, construction, mining, rail, wind energy and oil field) vehicle and equipment end-markets. These components are used in Powertrain and Safety-Critical applications, including turbocharger housings, differential carriers and cases, scrolls and covers, brake calipers and housings, knuckles, control arms and axle components. The Company evaluates the performance of its operating segments based on external sales and Adjusted EBITDA. Adjusted EBITDA is calculated as net income (loss) before tax adjusted to exclude depreciation and amortization expense, interest expense, net and other income and expenses that are either non-recurring or non-cash by nature, as well as management fees paid to American Securities (“sponsor management fees”). Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. Segment information for 2016, 2015 and 2014 was as follows:
|  | 2016 |  |  | December 31, 2016 |
|  | External Sales |  |  | Intersegment Sales |  |  | Adjusted EBITDA |  |  | Capital Expenditures |  |  | Depreciation/ Amortization |  |  | Total Assets |
|  | (In millions) |
HHI |  | $ | 834.9 |  |  |  | 8.1 |  |  |  | 161.2 |  |  |  | 55.9 |  |  |  | 77.0 |  |  | $ | 850.8 |
Metaldyne |  |  | 1,168.5 |  |  |  | 1.3 |  |  |  | 220.5 |  |  |  | 100.2 |  |  |  | 74.6 |  |  |  | 1,286.2 |
Grede |  |  | 787.3 |  |  |  | 0.4 |  |  |  | 111.3 |  |  |  | 36.8 |  |  |  | 69.2 |  |  |  | 945.5 |
Elimination and other |  |  | — |  |  |  | (9.8 | ) |  |  | — |  |  |  | 1.6 |  |  |  | 0.5 |  |  |  | 108.0 |
Total |  | $ | 2,790.7 |  |  |  | — |  |  |  | 493.0 |  |  |  | 194.5 |  |  |  | 221.3 |  |  | $ | 3,190.5 |
|  | 2015 |  |  | December 31, 2015 |
|  | External Sales |  |  | Intersegment Sales |  |  | Adjusted EBITDA |  |  | Capital Expenditures |  |  | Depreciation/ Amortization |  |  | Total Assets |
|  | (In millions) |
HHI |  | $ | 984.8 |  |  |  | 8.9 |  |  |  | 199.8 |  |  |  | 69.9 |  |  |  | 79.1 |  |  | $ | 905.5 |
Metaldyne |  |  | 1,155.7 |  |  |  | 1.2 |  |  |  | 205.7 |  |  |  | 85.4 |  |  |  | 78.2 |  |  |  | 1,243.8 |
Grede |  |  | 906.8 |  |  |  | 0.3 |  |  |  | 132.7 |  |  |  | 69.0 |  |  |  | 72.4 |  |  |  | 954.6 |
Elimination and other |  |  | — |  |  |  | (10.4 | ) |  |  | — |  |  |  | 2.0 |  |  |  | 0.1 |  |  |  | 53.7 |
Total |  | $ | 3,047.3 |  |  |  | — |  |  |  | 538.2 |  |  |  | 226.3 |  |  |  | 229.8 |  |  | $ | 3,157.6 |
|  | 2014 |  |  | December 31, 2014 |
|  | External Sales |  |  | Intersegment Sales |  |  | Adjusted EBITDA |  |  | Capital Expenditures |  |  | Depreciation/ Amortization |  |  | Total Assets |
|  | (In millions) |
HHI |  | $ | 968.5 |  |  |  | 9.0 |  |  |  | 193.5 |  |  |  | 61.6 |  |  |  | 76.9 |  |  | $ | 944.1 |
Metaldyne |  |  | 1,176.4 |  |  |  | 1.2 |  |  |  | 202.3 |  |  |  | 70.5 |  |  |  | 92.4 |  |  |  | 1,216.4 |
Grede |  |  | 572.1 |  |  |  | — |  |  |  | 82.8 |  |  |  | 24.3 |  |  |  | 41.5 |  |  |  | 982.0 |
Elimination and other |  |  | — |  |  |  | (10.2 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 60.9 |
Total |  | $ | 2,717.0 |  |  |  | — |  |  |  | 478.6 |  |  |  | 156.4 |  |  |  | 210.8 |  |  | $ | 3,203.4 |
Elimination and other above reflects the elimination of intercompany sales, payables and receivables and assets held by the parent company. Assets held by the parent company primarily consist of cash and cash equivalents, and deferred tax assets. Reconciliation of Adjusted EBITDA to income before tax follows:
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (In millions) |
Adjusted EBITDA |  | $ | 493.0 |  |  |  | 538.2 |  |  |  | 478.6 |
Interest expense, net |  |  | (103.5 | ) |  |  | (107.5 | ) |  |  | (99.9 | )
Depreciation and amortization |  |  | (221.3 | ) |  |  | (229.8 | ) |  |  | (210.8 | )
Loss on debt extinguishment |  |  | — |  |  |  | (0.4 | ) |  |  | (60.7 | )
Gain (loss) on foreign currency |  |  | 14.6 |  |  |  | 20.2 |  |  |  | 15.7 |
Loss on fixed assets |  |  | (5.3 | ) |  |  | (2.8 | ) |  |  | (2.1 | )
Debt transaction expenses |  |  | — |  |  |  | (1.7 | ) |  |  | (3.0 | )
Stock-based compensation |  |  | (17.5 | ) |  |  | (27.7 | ) |  |  | (17.3 | )
Sponsor management fees |  |  | — |  |  |  | — |  |  |  | (5.1 | )
Non-recurring acquisition and purchase accounting items |  |  | (8.2 | ) |  |  | (3.0 | ) |  |  | (23.0 | )
Non-recurring operational items |  |  | (16.5 | ) |  |  | (11.6 | ) |  |  | (18.2 | )
Income before tax |  | $ | 135.3 |  |  |  | 173.9 |  |  |  | 54.2 |
The following table presents total assets, long-lived assets and net assets by geographic area, attributed to each subsidiary’s continent of domicile as of December 31, 2016 and 2015.
|  | 2016 |  |  | 2015 |
|  | Total assets |  |  | Noncurrent assets |  |  | Net assets |  |  | Total assets |  |  | Noncurrent assets |  |  | Net assets |
|  | (In millions) |
United States of America |  |  | 2,571.7 |  |  |  | 2,076.8 |  |  |  | 258.0 |  |  |  | 2,592.4 |  |  |  | 2,111.1 |  |  |  | 264.4 |
Europe |  |  | 313.5 |  |  |  | 171.6 |  |  |  | 213.1 |  |  |  | 304.9 |  |  |  | 173.4 |  |  |  | 211.2 |
Other foreign |  |  | 305.3 |  |  |  | 150.4 |  |  |  | 208.1 |  |  |  | 260.3 |  |  |  | 137.1 |  |  |  | 163.4 |
Total foreign |  |  | 618.8 |  |  |  | 322.0 |  |  |  | 421.2 |  |  |  | 565.2 |  |  |  | 310.5 |  |  |  | 374.6 |
Total |  |  | 3,190.5 |  |  |  | 2,398.8 |  |  |  | 679.2 |  |  |  | 3,157.6 |  |  |  | 2,421.6 |  |  |  | 639.0 |
The following table presents the net sales by geographic area, attributed to each subsidiary’s continent of domicile:
|  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (In millions) |
United States of America |  | $ | 2,082.2 |  |  |  | 2,349.7 |  |  |  | 2,035.9 |
Europe |  |  | 378.1 |  |  |  | 365.3 |  |  |  | 403.5 |
Other foreign |  |  | 330.4 |  |  |  | 332.3 |  |  |  | 277.6 |
Total foreign |  |  | 708.5 |  |  |  | 697.6 |  |  |  | 681.1 |
Total |  | $ | 2,790.7 |  |  |  | 3,047.3 |  |  |  | 2,717.0 |
During 2016, direct sales to two customers accounted for 25% and 21% of net sales, 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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