Segment Information

12 Months Ended

Dec. 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. For purposes of this Note, the Company defines operating net assets as total assets less current liabilities. 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-Permanent blind bolts, temporary fasteners, highly engineered specialty fasteners and other precision machined parts used in the commercial, business and military aerospace industries.

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:

	Year ended December 31,
	2014			2013			2012
	(dollars in thousands)
Net Sales
Packaging	$	337,710		$	313,220		$	275,160
Energy	206,720			205,580			190,210
Aerospace	121,510			95,530			73,180
Engineered Components	221,360			185,370			200,000
Cequent APEA	165,110			151,620			128,560
Cequent Americas	446,670			437,280			400,400
Total	$	1,499,080		$	1,388,600		$	1,267,510
Operating Profit (Loss)
Packaging	$	77,850		$	83,770		$	57,550
Energy	(6,660		)	8,620			17,810
Aerospace	17,830			22,830			21,020
Engineered Components	34,080			19,450			27,990
Cequent APEA	7,860			13,920			12,300
Cequent Americas	31,090			8,850			27,420
Corporate	(37,500		)	(37,840		)	(36,020		)
Total	$	124,550		$	119,600		$	128,070
Capital Expenditures
Packaging	$	13,730		$	11,010		$	15,470
Energy	2,690			5,250			5,210
Aerospace	4,430			4,810			3,210
Engineered Components	1,690			2,190			4,090
Cequent APEA	6,910			9,650			8,290
Cequent Americas	4,530			5,610			9,670
Corporate	470			970			180
Total	$	34,450		$	39,490		$	46,120
Depreciation and Amortization
Packaging	$	20,410		$	18,960		$	17,970
Energy	4,600			3,820			3,600
Aerospace	7,630			3,790			2,630
Engineered Components	4,460			4,270			3,860
Cequent APEA	7,520			5,770			3,840
Cequent Americas	11,410			13,680			12,780
Corporate	440			260			160
Total	$	56,470		$	50,550		$	44,840

	Year ended December 31,
	2014			2013		2012
	(dollars in thousands)
Operating Net Assets
Packaging	$	398,530		$	377,480	$	376,040
Energy	170,430			180,410		158,710
Aerospace	498,560			150,750		80,620
Engineered Components	65,910			73,780		68,870
Cequent APEA	75,290			81,120		51,790
Cequent Americas	151,760			164,590		145,360
Corporate	(8,650		)	11,140		2,370
Total operating net assets	1,351,830			1,039,270		883,760
Current liabilities	309,920			261,510		247,200
Consolidated assets	$	1,661,750		$	1,300,780	$	1,130,960

The following table presents the Company's revenues for each of the years ended December 31 and operating net assets at each year ended December 31, attributed to each subsidiary's continent of domicile. Other than Australia, there was no single non-U.S. country for which net sales and net assets were significant to the combined net sales and net assets of the Company taken as a whole.

	As of December 31,
	2014				2013				2012
	Net Sales		Operating Net Assets		Net Sales		Operating Net Assets		Net Sales		Operating Net Assets
	(dollars in thousands)
Non-U.S.
Europe	$	120,690	$	97,670	$	97,500	$	136,490	$	62,400	$	102,250
Australia	88,820		38,700		97,580		27,080		100,620		32,400
Asia	46,810		92,470		44,870		59,120		32,230		38,130
Africa	8,800		4,290		3,310		4,770		4,180		3,090
Other Americas	45,950		53,780		46,210		83,080		34,090		68,660
Total non-U.S	311,070		286,910		289,470		310,540		233,520		244,530
Total U.S.	1,188,010		1,064,920		1,099,130		728,730		1,033,990		639,230
Total	$	1,499,080	$	1,351,830	$	1,388,600	$	1,039,270	$	1,267,510	$	883,760

The Company's export sales from the U.S. approximated $131.8 million, $123.7 million and $139.7 million in 2014, 2013 and 2012, respectively.