Business Segments

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Business Segments

Business Segments

ASC 280, “Segment Reporting,” establishes the standards for reporting information about operating segments in financial statements. In applying the criteria set forth in ASC 280, the Company has determined that it operates in four reportable segments, North America, Europe, South America and Asia Pacific. The Company’s principal product lines within each of these segments are sealing systems, fuel and brake delivery systems, fluid transfer systems, and anti-vibration systems. The Company evaluates segment performance based on segment profit before tax. The results of each segment include certain allocations for general, administrative, interest, and other shared costs.

The following tables detail information on the Company’s business segments:

	Three Months Ended March 31,
	2014			2015
Sales to external customers:
North America	$	432,605		$	417,362
Europe	308,161			266,829
South America	39,766			30,178
Asia Pacific	57,074			85,681
Consolidated	$	837,606		$	800,050
Intersegment sales:
North America	$	3,359		$	4,050
Europe	2,227			2,973
South America	—			—
Asia Pacific	1,847			1,178
Eliminations and other	(7,433		)	(8,201		)
Consolidated	$	—		$	—
Segment profit (loss):
North America	$	38,460		$	43,012
Europe	(3,182		)	(4,438		)
South America	(2,507		)	(5,131		)
Asia Pacific	650			2,426
Income before income taxes	$	33,421		$	35,869
Restructuring cost included in segment profit (loss):
North America	$	98		$	417
Europe	2,863			18,423
South America	—			—
Asia Pacific	128			—
Consolidated	$	3,089		$	18,840

	December 31, 2014		March 31, 2015
Segment assets:
North America	$	885,242	$	886,568
Europe	591,743		584,297
South America	105,547		90,372
Asia Pacific	300,302		471,842
Eliminations and other	249,933		180,281
Consolidated	$	2,132,767	$	2,213,360