XML 86 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information
9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment Information
Segment Information
TriMas groups its operating segments into reportable segments that provide similar products and services. Each operating segment has discrete financial information evaluated regularly by the Company's chief operating decision maker in determining resource allocation and assessing performance. Within these reportable segments, there are no individual products or product families for which reported net sales accounted for more than 10% of the Company's consolidated net sales. See below for more information regarding the types of products and services provided within each reportable segment:
Packaging – Highly engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial and consumer packaging applications.
Energy – Metallic and non-metallic industrial sealant products and fasteners for the petroleum refining, petrochemical and other industrial markets.
Aerospace & Defense – Highly engineered specialty fasteners and other precision machined products for the commercial and military aerospace industries and military munitions components for the defense industry.
Engineered Components – High-pressure and low-pressure cylinders for the transportation, storage and dispensing of compressed gases, and natural gas engines, compressors, gas production equipment and chemical pumps engineered at well sites for the oil and gas industry.
Cequent APEA & Cequent Americas – Custom-engineered towing, trailering and electrical products including trailer couplers, winches, jacks, trailer brakes and brake control solutions, lighting accessories and roof racks for the recreational vehicle, agricultural/utility, marine, automotive and commercial trailer markets, functional vehicle accessories and cargo management solutions including vehicle hitches and receivers, sway controls, weight distribution and fifth-wheel hitches, hitch-mounted accessories and other accessory components.
Segment activity is as follows:
 
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
 
2013
 
2012
 
2013
 
2012
 
 
(dollars in thousands)
Net Sales
 
 
 
 
 
 
 
 
Packaging
 
$
82,010

 
$
77,240

 
$
235,000

 
$
202,250

Energy
 
47,680

 
45,460

 
161,420

 
143,220

Aerospace & Defense
 
26,540

 
20,810

 
71,250

 
58,000

Engineered Components
 
47,540

 
51,880

 
143,830

 
154,180

Cequent APEA
 
40,950

 
37,480

 
111,330

 
94,230

Cequent Americas
 
110,900

 
103,000

 
348,600

 
319,990

Total
 
$
355,620

 
$
335,870

 
$
1,071,430

 
$
971,870

Operating Profit (Loss)
 
 
 
 
 
 
 
 
Packaging
 
$
31,320

 
$
18,240

 
$
65,550

 
$
44,700

Energy
 
1,450

 
3,780

 
12,530

 
14,520

Aerospace & Defense
 
6,060

 
6,030

 
15,330

 
15,710

Engineered Components
 
2,860

 
6,310

 
14,450

 
22,620

Cequent APEA
 
3,570

 
3,950

 
9,300

 
9,000

Cequent Americas
 
7,440

 
8,430

 
21,030

 
28,090

Corporate expenses
 
(9,410
)
 
(10,140
)
 
(29,520
)
 
(26,100
)
Total
 
$
43,290

 
$
36,600

 
$
108,670

 
$
108,540