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Segments (Tables)
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Results by business segment
Results by reportable segment were as follows:
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(In millions)
Net sales:
 
 
 
 
 
Supply Technologies
$
578.7

 
$
559.6

 
$
471.9

Assembly Components
569.2

 
490.5

 
412.8

Engineered Products
315.9

 
328.6

 
318.5

 
$
1,463.8

 
$
1,378.7

 
$
1,203.2

Segment operating income:
 
 
 
 
 
Supply Technologies
$
50.3

 
$
42.5

 
$
35.0

Assembly Components
57.9

 
42.0

 
31.8

Engineered Products
20.9

 
42.7

 
47.1

Total segment operating income
129.1

 
127.2

 
113.9

Corporate costs
(29.0
)
 
(29.3
)
 
(23.1
)
Litigation judgment and settlement costs
(2.2
)
 
—

 
(5.2
)
Gain on acquisition of business
—

 
—

 
0.6

Interest expense
(27.9
)
 
(26.1
)
 
(25.9
)
Income from continuing operations before income taxes
$
70.0

 
$
71.8

 
$
60.3


 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(In millions)
Identifiable assets:
 
 
 
 
 
Supply Technologies
$
276.3

 
$
277.6

 
$
241.7

Assembly Components
344.8

 
340.5

 
276.7

Engineered Products
243.1

 
246.9

 
183.1

General corporate
82.4

 
109.2

 
117.2

 
$
946.6

 
$
974.2

 
$
818.7

Depreciation and amortization expense:
 
 
 
 
 
Supply Technologies
$
4.7

 
$
4.5

 
$
3.0

Assembly Components
18.6

 
14.2

 
11.6

Engineered Products
4.2

 
3.3

 
3.4

General corporate
1.2

 
1.2

 
1.2

 
$
28.7

 
$
23.2

 
$
19.2

Capital expenditures:
 
 
 
 
 
Supply Technologies
$
3.7

 
$
5.8

 
$
3.8

Assembly Components
27.3

 
14.0

 
21.5

Engineered Products
5.5

 
2.4

 
3.6

General corporate
—

 
1.5

 
1.2

 
$
36.5

 
$
23.7

 
$
30.1
Percentage of net sales by product line
The percentage of net sales by product line included in each segment was as follows:
 
Year Ended December 31,
 
2015
 
2014
 
2013
Supply Technologies:
 
 
 
 
 
Supply Technologies
87
%
 
88
%
 
87
%
Engineered specialty products
13
%
 
12
%
 
13
%
 
100
%
 
100
%
 
100
%
Assembly Components:
 
 
 
 
 
Fluid routing
50
%
 
49
%
 
54
%
Aluminum products
41
%
 
43
%
 
37
%
Rubber and plastics
7
%
 
6
%
 
7
%
Screw products
2
%
 
2
%
 
2
%
 
100
%
 
100
%
 
100
%
Engineered Products:
 
 
 
 
 
Industrial equipment business
81
%
 
78
%
 
77
%
Forged and machined products
19
%
 
22
%
 
23
%
 
100
%
 
100
%
 
100
%
Approximate percentage of net sales by geographic region
The Company’s approximate percentage of net sales by geographic region was as follows:
 
Year Ended
December 31,
 
2015
 
2014
 
2013
United States
72
%
 
74
%
 
74
%
Asia
8
%
 
6
%
 
6
%
Europe
7
%
 
6
%
 
5
%
Canada
6
%
 
7
%
 
8
%
Mexico
6
%
 
5
%
 
5
%
Other
1
%
 
2
%
 
2
%
 
100
%
 
100
%
 
100
%