Business Segments

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Business Segments

11. Business Segments

Presented below are the net sales and (loss) income before income taxes for the Corporation’s two business segments. Effective May 1, 2015, the Corporation completed an internal reorganization of its “back office” functions which resulted in certain employees of the segments becoming employees of the Corporation and associated costs (approximately $600 and $1,000 for the three and nine months ended September 30, 2015) being recorded as “other expense, including corporate costs” in the following table. Other expense, including corporate costs for the nine months ended September 30, 2015 also includes corporate’s portion of the curtailment charge incurred in connection with freezing a portion of the U.S. defined benefit pension plan.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Net Sales:
Forged and Cast Engineered Products	$	36,230		$	42,321		$	116,536		$	127,353
Air and Liquid Processing		21,864			23,088			66,618			70,917
Total Reportable Segments	$	58,094		$	65,409		$	183,154		$	198,270
(Loss) Income before Income Taxes:
Forged and Cast Engineered Products	$	(1,727	)	$	(110	)	$	(713	)	$	2,792
Air and Liquid Processing		2,407			2,014			7,369			6,823
Total Reportable Segments		680			1,904			6,656			9,615
Other expense, including corporate costs – net		(3,039	)		(2,280	)		(9,528	)		(7,166	)
Total	$	(2,359	)	$	(376	)	$	(2,872	)	$	2,449