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Business Segments
 6 Months Ended
Jun. 30, 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 June 30,
 
Six Months Ended June 30,
 
2014
 
2015
 
2014
 
2015
Sales to external customers:
 
 
 
 
 
 
 
North America
$
452,187

 
$
453,548

 
$
884,792

 
$
870,910

Europe
305,738

 
270,283

 
613,899

 
537,112

South America
41,406

 
25,132

 
81,172

 
55,310

Asia Pacific
58,222

 
111,858

 
115,296

 
197,539

Consolidated
$
857,553

 
$
860,821

 
$
1,695,159

 
$
1,660,871

Intersegment sales:
 
 
 
 
 
 
 
North America
$
3,134

 
$
3,846

 
$
6,493

 
$
7,896

Europe
2,123

 
2,447

 
4,350

 
5,420

South America
—

 
17

 
—

 
17

Asia Pacific
1,625

 
1,658

 
3,472

 
2,836

Eliminations and other
(6,882
)
 
(7,968
)
 
(14,315
)
 
(16,169
)
Consolidated
$
—

 
$
—

 
$
—

 
$
—

Segment profit (loss):
 
 
 
 
 
 
 
North America
$
36,469

 
$
55,639

 
$
74,929

 
$
98,651

Europe
(12,863
)
 
2,827

 
(16,045
)
 
(1,611
)
South America
(4,309
)
 
(7,499
)
 
(6,816
)
 
(12,630
)
Asia Pacific
(621
)
 
2,009

 
29

 
4,435

Income before income taxes
$
18,676

 
$
52,976

 
$
52,097

 
$
88,845

Restructuring cost included in segment profit (loss):
 
 
 
 
 
 
 
North America
$
79

 
$
1,303

 
$
177

 
$
1,720

Europe
3,515

 
6,126

 
6,378

 
24,549

South America
—

 
—

 
—

 
—

Asia Pacific
162

 
—

 
290

 
—

Consolidated
$
3,756

 
$
7,429

 
$
6,845

 
$
26,269

 
December 31,
2014
 
June 30,
2015
Segment assets:
 
 
 
North America
$
885,242

 
$
889,762

Europe
591,743

 
598,729

South America
105,547

 
85,451

Asia Pacific
300,302

 
493,437

Eliminations and other
249,933

 
193,381

Consolidated
$
2,132,767

 
$
2,260,760