Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of Segment Operating Results and Other Financial Data

Segment operating results and other financial data for the quarters and six months ended June 30, 2019 and 2018 were as follows:

	Quarters Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
	(in millions)
Sales
Sealing Products	$	239.3		$	255.7		$	463.8		$	487.6
Engineered Products	79.0			85.4			158.5			171.3
Power Systems	69.8			53.7			127.1			105.8
	388.1			394.8			749.4			764.7
Intersegment sales	(1.1		)	(1.2		)	(2.1		)	(2.3		)
Net sales	$	387.0		$	393.6		$	747.3		$	762.4
Segment Profit
Sealing Products	$	29.4		$	19.3		$	50.2		$	43.0
Engineered Products	10.1			12.1			16.3			26.5
Power Systems	9.0			(0.2		)	15.7			3.8
Total segment profit	48.5			31.2			82.2			73.3
Corporate expenses	(7.2		)	(8.5		)	(16.2		)	(17.2		)
Interest expense, net	(4.2		)	(7.1		)	(8.7		)	(14.9		)
Other expense, net	(2.2		)	(1.8		)	(4.5		)	(2.6		)
Income before income taxes	$	34.9		$	13.8		$	52.8		$	38.6

Schedule of Total Assets Segment

Segment assets are as follows:

	June 30, 2019		December 31, 2018
	(in millions)
Sealing Products	$	1,022.8	$	1,009.3
Engineered Products	239.6		220.5
Power Systems	258.2		266.1
Corporate	204.7		219.9
	$	1,725.3	$	1,715.8

Disaggregation of Revenue

Below is a summary of our third party sales by major end market with which we do business for the quarters ended June 30, 2019 and 2018:

	Quarter Ended June 30, 2019
(in millions)	Sealing Products		Engineered Products		Power Systems		Total
Aerospace	$	14.8	$	3.0	$	—	$	17.8
Automotive	0.5		22.5		—		23.0
Chemical and material processing	13.2		13.0		—		26.2
Food and pharmaceutical	9.5		0.1		—		9.6
General industrial	43.1		24.4		—		67.5
Medium-duty/heavy-duty truck	97.8		0.1		—		97.9
Navy and marine	0.2		—		57.3		57.5
Oil and gas	15.9		11.2		1.1		28.2
Power generation	12.7		2.3		11.4		26.4
Semiconductors	27.0		—		—		27.0
Other	3.7		2.2		—		5.9
Total third party sales	$	238.4	$	78.8	$	69.8	$	387.0

	Quarter Ended June 30, 2018
(in millions)	Sealing Products		Engineered Products		Power Systems		Total
Aerospace	$	13.2	$	2.1	$	—	$	15.3
Automotive	1.8		27.5		—		29.3
Chemical and material processing	11.2		14.2		—		25.4
Food and pharmaceutical	9.7		0.2		—		9.9
General industrial	49.3		26.0		—		75.3
Medium-duty/heavy-duty truck	106.2		—		—		106.2
Navy and marine	0.2		—		40.5		40.7
Oil and gas	12.9		11.6		3.0		27.5
Power generation	18.5		2.7		10.0		31.2
Semiconductors	30.4		—		—		30.4
Other	1.4		0.8		0.2		2.4
Total third party sales	$	254.8	$	85.1	$	53.7	$	393.6

Below is a summary of our third party sales by major end market with which we do business for the six months ended June 30, 2019 and 2018:

	Six Months Ended June 30, 2019
(in millions)	Sealing Products		Engineered Products		Power Systems		Total
Aerospace	$	26.9	$	5.7	$	—	$	32.6
Automotive	1.5		45.8		—		47.3
Chemical and material processing	28.6		25.2		—		53.8
Food and pharmaceutical	19.2		0.3		—		19.5
General industrial	85.9		50.7		—		136.6
Medium-duty/heavy-duty truck	187.0		0.4		—		187.4
Navy and marine	0.4		—		103.7		104.1
Oil and gas	31.0		21.7		2.4		55.1
Power generation	23.3		4.7		20.8		48.8
Semiconductors	52.5		—		—		52.5
Other	5.7		3.7		0.2		9.6
Total third party sales	$	462.0	$	158.2	$	127.1	$	747.3

	Six Months Ended June 30, 2018
(in millions)	Sealing Products		Engineered Products		Power Systems		Total
Aerospace	$	24.9	$	4.3	$	—	$	29.2
Automotive	3.0		55.5		—		58.5
Chemical and material processing	24.2		26.8		—		51.0
Food and pharmaceutical	18.0		0.5		—		18.5
General industrial	94.8		53.2		—		148.0
Medium-duty/heavy-duty truck	195.3		0.3		—		195.6
Navy and marine	0.3		—		71.4		71.7
Oil and gas	27.8		23.2		4.2		55.2
Power generation	32.8		5.4		28.6		66.8
Semiconductors	58.6		—		—		58.6
Other	6.0		1.8		1.5		9.3
Total third party sales	$	485.7	$	171.0	$	105.7	$	762.4