Business Segments

12 Months Ended

Dec. 31, 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 accounting policies of the Company’s segments are consistent with those described in Note 2. “Summary of Significant Accounting Policies.”

The following table details information on the Company’s segments:

	Year Ended December 31,
	2016			2015			2014
Sales to external customers
North America	$	1,816,486		$	1,778,621		$	1,698,826
Europe	1,031,538			1,033,635			1,138,428
Asia Pacific	540,684			435,127			249,172
South America	84,183			95,421			157,561
Consolidated	$	3,472,891		$	3,342,804		$	3,243,987
Intersegment sales
North America	$	13,325		$	14,058		$	14,135
Europe	13,524			11,693			9,111
Asia Pacific	4,770			6,166			6,380
South America	31			49			—
Eliminations and other	(31,650		)	(31,966		)	(29,626		)
Consolidated	$	—		$	—		$	—
Segment profit (loss)
North America	$	219,744		$	215,487		$	136,682
Europe	(15,989		)	(22,435		)	(28,062		)
Asia Pacific	9,206			4,063			3,524
South America	(18,201		)	(44,127		)	(23,861		)
Income before income taxes	$	194,760		$	152,988		$	88,283
Net interest expense included in segment profit (loss)
North America	$	13,013		$	12,262		$	15,219
Europe	13,871			13,648			16,619
Asia Pacific	13,720			10,227			8,068
South America	785			2,194			5,698
Consolidated	$	41,389		$	38,331		$	45,604
Depreciation and amortization expense
North America	$	57,546		$	54,160		$	54,056
Europe	37,992			36,845			40,812
Asia Pacific	24,635			18,856			10,067
South America	2,487			4,566			7,645
Consolidated	$	122,660		$	114,427		$	112,580

	Year Ended December 31,
	2016		2015		2014
Capital expenditures
North America	$	61,321	$	64,933	$	68,077
Europe	57,054		46,766		76,989
Asia Pacific	33,818		43,276		21,261
South America	2,064		2,783		11,787
Corporate	10,111		8,509		13,975
Consolidated	$	164,368	$	166,267	$	192,089
			December 31,
			2016		2015
Segment assets
North America			$	985,809	$	864,647
Europe			582,385		631,309
Asia Pacific			611,849		508,704
South America			46,125		39,117
Eliminations and other			265,534		260,515
Consolidated			$	2,491,702	$	2,304,292

Product Line Information

Product line information for revenues is as follows:

	Year Ended December 31,
	2016		2015		2014
Revenues
Sealing systems	$	1,816,924	$	1,783,068	$	1,692,686
Fuel and brake delivery systems	725,689		675,493		660,242
Fluid transfer systems	494,940		458,699		441,532
Anti-vibration systems	301,199		278,891		273,057
Other	134,139		146,653		176,470
Consolidated	$	3,472,891	$	3,342,804	$	3,243,987

Geographic Information

Geographic information for revenues, based on country of origin, and property, plant and equipment, net, is as follows:

	Year Ended December 31,
	2016		2015		2014
Revenues
United States	$	879,579	$	901,089	$	872,112
Mexico	638,750		585,558		508,555
China	455,999		355,141		146,258
Canada	298,157		291,974		318,159
France	288,905		285,384		312,706
Poland	239,941		246,997		270,497
Germany	218,363		226,566		254,977
Other	453,197		450,095		560,723
Consolidated	$	3,472,891	$	3,342,804	$	3,243,987
			December 31,
			2016		2015
Property, plant and equipment, net
United States			$	170,671	$	151,857
Mexico			108,585		93,166
China			163,171		139,211
Canada			49,509		43,000
France			61,226		62,053
Poland			67,686		68,833
Germany			85,026		88,627
Other			126,395		118,622
Consolidated			$	832,269	$	765,369

Customer Concentration

Sales to customers of the Company which contributed 10% or more of its total consolidated sales and the related percentage of consolidated Company sales for 2016, 2015 and 2014 are as follows:

	2016 Percentage of Net Sales		2015 Percentage of Net Sales		2014 Percentage of Net Sales
Customer
Ford	27	%	26	%	24	%
General Motors	17	%	16	%	16	%
Fiat Chrysler Automobiles	12	%	12	%	13	%