XML 77 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information
6 Months Ended
Jun. 30, 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
June 30,
 
Six months ended
June 30,
 
 
2014
 
2013
 
2014
 
2013
 
 
(dollars in thousands)
Net Sales
 
 
 
 
 
 
 
 
Packaging
 
$
86,250

 
$
78,640

 
$
167,680

 
$
152,990

Energy
 
52,320

 
58,820

 
105,100

 
113,740

Aerospace & Defense
 
32,800

 
23,740

 
62,340

 
44,710

Engineered Components
 
54,320

 
50,020

 
109,750

 
96,290

Cequent APEA
 
43,800

 
38,290

 
83,270

 
70,380

Cequent Americas
 
134,490

 
128,520

 
243,580

 
237,700

Total
 
$
403,980

 
$
378,030

 
$
771,720

 
$
715,810

Operating Profit (Loss)
 
 
 
 
 
 
 
 
Packaging
 
$
20,540

 
$
19,600

 
$
38,900

 
$
34,230

Energy
 
(630
)
 
5,210

 
1,970

 
11,080

Aerospace & Defense
 
5,290

 
5,520

 
10,470

 
9,270

Engineered Components
 
8,950

 
5,890

 
16,830

 
11,590

Cequent APEA
 
2,220

 
2,550

 
4,720

 
5,730

Cequent Americas
 
16,940

 
12,890

 
22,650

 
13,590

Corporate expenses
 
(9,270
)
 
(10,020
)
 
(18,910
)
 
(20,110
)
Total
 
$
44,040

 
$
41,640

 
$
76,630

 
$
65,380