Business Segments

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Business Segments

17.    Business Segments

Presented below are the net sales and (loss) income from continuing operations before income taxes for the Corporation’s two business segments. For the nine months ended September 30, 2019, the operating loss of the Forged and Cast Engineered Products segment includes bad debt expense of $1,366 for a British cast roll customer who filed for bankruptcy and an impairment charge of $10,082 associated with the anticipated sale of the Avonmore Plant.

For the three and nine months ended September 30, 2019, other expense, including corporate costs, includes a net gain of $2,304 resulting from the curtailment of the defined benefit pension and other postretirement plans of ANR and special termination benefits associated with the sale of the Avonmore Plant and the cessation of all manufacturing operations at ANR. Additionally, for the nine months ended September 30, 2019, other expense, including corporate costs, includes a dividend received from one of the Corporation’s cast roll Chinese joint venture of approximately $1,400, compared to a dividend of approximately $400 received in the third quarter of 2018. For the nine months ended September 30,2018, other expense, including corporate costs, includes a favorable contractual settlement with a third party of approximately $2,425.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Net sales:
Forged and Cast Engineered Products	$	67,452		$	74,698		$	231,299		$	253,874
Air and Liquid Processing		23,420			24,126			69,586			69,736
Total Reportable Segments	$	90,872		$	98,824		$	300,885		$	323,610
(Loss) income from continuing operations before income taxes:
Forged and Cast Engineered Products	$	(437	)	$	(1,557	)	$	(10,640	)	$	(1,382	)
Air and Liquid Processing		2,280			2,965			7,371			8,972
Total Reportable Segments		1,843			1,408			(3,269	)		7,590
Other expense, including corporate costs		(2,637	)		(3,621	)		(9,010	)		(9,253	)
Total	$	(794	)	$	(2,213	)	$	(12,279	)	$	(1,663	)