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Segment Information
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment Information
Segment Information
TriMas reports four segments: Packaging, Aerospace, Energy and Engineered Components. Each of these segments has discrete financial information that is regularly evaluated by TriMas’ president and chief executive officer (chief operating decision maker) in determining resource, personnel and capital allocation, as well as assessing strategy and performance. The Company utilizes its proprietary TriMas Business Model as a standardized set of processes to manage and drive results and strategy across its multi-industry businesses.
Within the Company's 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 steel and polymeric closure and dispensing systems for a range of end markets, including health, beauty and home care; industrial; and food and beverage.
Aerospace - Blind bolts, highly engineered specialty fasteners, temporary 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 and petrochemical markets.
Engineered Components - High-pressure and low-pressure steel 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.
Segment activity is as follows (dollars in thousands):
 
 
Year ended December 31,
 
 
2017
 
2016
 
2015
Net Sales
 
 
 
 
 
 
Packaging
 
$
344,570

 
$
341,340

 
$
334,270

Aerospace
 
184,310

 
174,920

 
176,480

Energy
 
161,580

 
158,990

 
193,390

Engineered Components
 
127,280

 
118,770

 
159,840

Total
 
$
817,740

 
$
794,020

 
$
863,980

Operating Profit (Loss)
 
 
 
 
 
 
Packaging
 
$
80,380

 
$
77,840

 
$
78,470

Aerospace
 
26,190

 
(90,810
)
 
28,320

Energy
 
(5,410
)
 
(13,840
)
 
(97,160
)
Engineered Components
 
15,740

 
15,300

 
18,240

Corporate
 
(28,410
)
 
(32,490
)
 
(32,120
)
Total
 
$
88,490

 
$
(44,000
)
 
$
(4,250
)
Capital Expenditures
 
 
 
 
 
 
Packaging
 
$
17,140

 
$
19,880

 
$
13,670

Aerospace
 
3,370

 
3,950

 
5,010

Energy
 
3,090

 
2,800

 
7,610

Engineered Components
 
3,740

 
4,670

 
2,320

Corporate
 
9,460

 
30

 
50

Total
 
$
36,800

 
$
31,330

 
$
28,660

Depreciation and Amortization
 
 
 
 
 
 
Packaging
 
$
21,630

 
$
22,120

 
$
20,920

Aerospace
 
14,530

 
14,090

 
13,290

Energy
 
6,550

 
4,280

 
4,790

Engineered Components
 
3,980

 
4,090

 
4,200

Corporate
 
180

 
280

 
340

Total
 
$
46,870

 
$
44,860

 
$
43,540

Total Assets
 
 
 
 
 
 
Packaging
 
$
431,680

 
$
423,460

 
$
418,810

Aerospace
 
401,060

 
409,040

 
517,820

Energy
 
96,320

 
100,590

 
128,170

Engineered Components
 
76,520

 
78,570

 
88,320

Corporate
 
27,620

 
39,990

 
17,180

Total
 
$
1,033,200

 
$
1,051,650

 
$
1,170,300


The following table presents the Company's net sales for each of the years ended December 31 and long-lived assets at each year ended December 31, attributed to each subsidiary's continent of domicile (dollars in thousands).
 
 
As of December 31,
 
 
2017
 
2016
 
2015
 
 
Net
Sales
 
Long-lived Assets
 
Net
Sales
 
Long-lived Assets
 
Net
Sales
 
Long-lived Assets
Non-U.S.
 
 
 
 
 
 
 
 
 
 
 
 
Europe
 
$
62,360

 
$
54,790

 
$
65,490

 
$
45,050

 
$
70,760

 
$
50,930

Asia Pacific
 
36,630

 
51,120

 
32,230

 
51,060

 
30,280

 
49,830

Other Americas
 
15,260

 
7,930

 
13,620

 
7,800

 
17,000

 
5,840

Total non-U.S.
 
114,250

 
113,840

 
111,340

 
103,910

 
118,040

 
106,600

 
 
 
 
 
 
 
 
 
 
 
 
 
Total U.S. 
 
703,490

 
590,020

 
682,680

 
604,250

 
745,940

 
727,320

Total
 
$
817,740

 
$
703,860

 
$
794,020

 
$
708,160

 
$
863,980

 
$
833,920


The Company's export sales from the U.S. approximated $79.8 million, $76.2 million and $82.7 million in 2017, 2016 and 2015, respectively.