Business Segments

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Business Segments

Business Segments

The Company has determined that it operates in four reportable segments, North America, Europe, Asia Pacific and South America. The Company’s principal products within each of these segments are sealing, fuel and brake delivery, fluid transfer 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 September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Sales to external customers
North America	$	450,795		$	456,352		$	1,361,183		$	1,327,262
Europe	242,773			247,275			794,411			784,387
Asia Pacific	137,174			102,080			380,483			299,619
South America	24,914			21,824			61,380			77,134
Consolidated	$	855,656		$	827,531		$	2,597,457		$	2,488,402
Intersegment sales
North America	$	3,409		$	3,037		$	9,908		$	10,933
Europe	3,600			3,103			10,081			8,523
Asia Pacific	1,426			2,196			3,925			5,032
South America	1			28			5			45
Eliminations	(8,436		)	(8,364		)	(23,919		)	(24,533		)
Consolidated	$	—		$	—		$	—		$	—
Segment profit (loss)
North America	$	55,031		$	58,327		$	169,857		$	156,978
Europe	(5,632		)	(4,766		)	(7,510		)	(6,377		)
Asia Pacific	3,037			(690		)	6,073			3,745
South America	(3,265		)	(7,484		)	(16,685		)	(20,114		)
Consolidated	$	49,171		$	45,387		$	151,735		$	134,232

	September 30, 2016		December 31, 2015
Segment assets
North America	$	956,265	$	864,647
Europe	708,615		631,309
Asia Pacific	575,745		508,704
South America	47,708		39,117
Eliminations and other	174,971		260,515
Consolidated	$	2,463,304	$	2,304,292