XML 58 R18.htm IDEA: XBRL DOCUMENT v3.3.0.814
Segment Information
9 Months Ended
Sep. 30, 2015
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, using steel and plastic industrial and consumer packaging applications.
Aerospace – Permanent blind bolts, temporary fasteners, highly engineered specialty fasteners and other precision machined parts used in the commercial, business and military aerospace industries.
Energy – Metallic and non-metallic industrial sealant products and fasteners for the petroleum refining, petrochemical and other industrial markets.
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 for use at well sites for the oil and gas industry.
Segment activity is as follows:
 
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
 
2015
 
2014
 
2015
 
2014
 
 
(dollars in thousands)
Net Sales
 
 
 
 
 
 
 
 
Packaging
 
$
87,930

 
$
89,320

 
$
256,470

 
$
257,000

Aerospace
 
45,380

 
27,410

 
134,340

 
86,420

Energy
 
51,600

 
50,290

 
152,910

 
155,390

Engineered Components
 
37,280

 
55,310

 
127,500

 
165,060

Total
 
$
222,190

 
$
222,330

 
$
671,220

 
$
663,870

Operating Profit (Loss)
 
 
 
 
 
 
 
 
Packaging
 
$
21,870

 
$
20,770

 
$
60,090

 
$
59,670

Aerospace
 
7,110

 
3,870

 
22,410

 
14,390

Energy
 
(3,560
)
 
(1,100
)
 
(10,390
)
 
870

Engineered Components
 
4,380

 
8,090

 
16,570

 
24,920

Corporate expenses
 
(8,240
)
 
(11,110
)
 
(24,890
)
 
(29,850
)
Total
 
$
21,560

 
$
20,520

 
$
63,790

 
$
70,000