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Segments
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segments
Segments
The Company operates through three reportable segments: Supply Technologies, Assembly Components and Engineered Products. Supply Technologies provides our customers with Total Supply Management™ services for a broad range of high-volume, specialty production components. Assembly Components manufactures cast aluminum components, automotive and industrial rubber and thermoplastic products, gasoline direct injection systems, fuel filler and hydraulic assemblies for automotive, agricultural equipment, construction equipment, heavy-duty truck and marine equipment industries, and also provides value-added services such as design and engineering, machining and assembly. Engineered Products operates a diverse group of niche manufacturing businesses that design and manufacture a broad range of high quality products engineered for specific customer applications.
For purposes of measuring business segment performance, the Company utilizes segment operating income, which is defined as revenues less expenses identifiable to the product lines within each segment. The Company does not allocate items that are non-operating; unusual in nature; or are corporate costs, which include but are not limited to executive compensation and corporate office costs. Segment operating income reconciles to consolidated income before income taxes by deducting corporate costs, certain non-cash charges and interest expense.

Results by business segment were as follows:
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In millions)
Net sales:
 
 
 
 
 
Supply Technologies
$
502.1

 
$
578.7

 
$
559.6

Assembly Components
529.4

 
569.2

 
490.5

Engineered Products
245.4

 
315.9

 
328.6

 
$
1,276.9

 
$
1,463.8

 
$
1,378.7

Segment operating income:
 
 
 
 
 
Supply Technologies
$
40.0

 
$
50.3

 
$
42.5

Assembly Components
50.5

 
57.9

 
42.0

Engineered Products
10.6

 
20.9

 
42.7

Total segment operating income
101.1

 
129.1

 
127.2

Corporate costs
(27.9
)
 
(29.0
)
 
(29.3
)
Asset impairment charge
(4.0
)
 
—

 
—

Litigation judgment costs
—

 
(2.2
)
 
—

Interest expense
(28.2
)
 
(27.9
)
 
(26.1
)
Income before income taxes
$
41.0

 
$
70.0

 
$
71.8


 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In millions)
Capital expenditures:
 
 
 
 
 
Supply Technologies
$
6.1

 
$
3.7

 
$
5.8

Assembly Components
16.9

 
27.3

 
14.0

Engineered Products
5.5

 
5.5

 
2.4

Corporate
—

 
—

 
1.5

 
$
28.5

 
$
36.5

 
$
23.7

Depreciation and amortization expense:
 
 
 
 
 
Supply Technologies
$
4.7

 
$
4.7

 
$
4.5

Assembly Components
20.1

 
18.6

 
14.2

Engineered Products
4.1

 
4.2

 
3.3

Corporate
0.6

 
1.2

 
1.2

 
$
29.5

 
$
28.7

 
$
23.2

Identifiable assets:
 
 
 
 
 
Supply Technologies
$
262.0

 
$
276.3

 
$
277.6

Assembly Components
332.9

 
344.8

 
340.5

Engineered Products
304.9

 
243.1

 
246.9

Corporate
74.5

 
77.9

 
104.1

 
$
974.3

 
$
942.1

 
$
969.1


The percentage of net sales by product line included in each segment was as follows:
 
Year Ended December 31,
 
2016
 
2015
 
2014
Supply Technologies:
 
 
 
 
 
Supply Technologies
85
%
 
87
%
 
88
%
Engineered specialty products
15
%
 
13
%
 
12
%
 
100
%
 
100
%
 
100
%
Assembly Components:
 
 
 
 
 
Fuel, rubber and plastic products
67
%
 
59
%
 
57
%
Aluminum products
33
%
 
41
%
 
43
%
 
100
%
 
100
%
 
100
%
Engineered Products:
 
 
 
 
 
Industrial equipment business
79
%
 
81
%
 
78
%
Forged and machined products
21
%
 
19
%
 
22
%
 
100
%
 
100
%
 
100
%

The Company’s approximate percentage of net sales by geographic region was as follows:
 
Year Ended December 31,
 
2016
 
2015
 
2014
United States
71
%
 
72
%
 
74
%
Asia
8
%
 
8
%
 
6
%
Europe
8
%
 
7
%
 
6
%
Canada
6
%
 
6
%
 
7
%
Mexico
6
%
 
6
%
 
5
%
Other
1
%
 
1
%
 
2
%
 
100
%
 
100
%
 
100
%

The basis for attributing revenue to individual geographic regions is customer location.
At December 31, 2016, 2015 and 2014, approximately 68%, 71% and 72%, respectively, of the Company’s assets were located in the United States.