XML 81 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information
3 Months Ended
Mar. 31, 2014
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 – Permanent blind bolts, temporary fasteners, highly engineered specialty fasteners and other precision machined parts used in the commercial, business 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
March 31,
 
 
2014
 
2013
 
 
(dollars in thousands)
Net Sales
 
 
 
 
Packaging
 
$
81,430

 
$
74,350

Energy
 
52,780

 
54,920

Aerospace & Defense
 
29,540

 
20,970

Engineered Components
 
55,430

 
46,270

Cequent APEA
 
39,470

 
32,090

Cequent Americas
 
109,090

 
109,180

Total
 
$
367,740

 
$
337,780

Operating Profit (Loss)
 
 
 
 
Packaging
 
$
18,360

 
$
14,630

Energy
 
2,600

 
5,870

Aerospace & Defense
 
5,180

 
3,750

Engineered Components
 
7,880

 
5,700

Cequent APEA
 
2,500

 
3,180

Cequent Americas
 
5,710

 
700

Corporate expenses
 
(9,640
)
 
(10,090
)
Total
 
$
32,590

 
$
23,740