Segment Information

12 Months Ended

Dec. 31, 2019

TriMas is organized into three reportable segments: Packaging, Aerospace and Specialty Products. 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 – The Packaging segment, which consists primarily of the Rieke^®, Taplast and Stolz brands, develops and manufactures a broad array of dispensing products (such as foaming pumps, mist pumps, lotion pumps, and trigger sprayers), polymeric and steel caps and closures, and polymeric jar products for a variety of end markets including, but not limited to, health, beauty and home care, food and beverage, and industrial.

Aerospace – The Aerospace segment, which includes the Monogram Aerospace Fasteners^™, Allfast Fastening Systems^® and Mac Fasteners^™ brands, develops, qualifies and manufactures highly-engineered, precision fasteners and machined products to serve the aerospace market.

Specialty Products – The Specialty Products segment, which includes the Norris Cylinder^™, Arrow^® Engine and Martinic Engineering^™brands, designs, manufactures and distributes highly-engineered steel cylinders, machined metallic components, and wellhead engines and compression systems for use within the industrial and aerospace end markets.

Segment activity is as follows (dollars in thousands):



	Year ended December 31,
	2019			2018			2017
Net Sales
Packaging	$	392,340		$	368,200		$	344,570
Aerospace	164,840			156,380			154,050
Specialty Products	166,350			180,450			157,540
Total	$	723,530		$	705,030		$	656,160
Operating Profit (Loss)
Packaging	$	80,770		$	84,590		$	80,610
Aerospace	28,400			24,930			24,960
Specialty Products	16,550			23,350			17,280
Corporate	(34,500		)	(24,060		)	(30,130		)
Total	$	91,220		$	108,810		$	92,720
Capital Expenditures
Packaging	$	16,400		$	13,590		$	17,140
Aerospace	6,280			820			2,800
Specialty Products	6,920			4,120			4,310
Corporate^(a)	70			4,890			9,460
Total	$	29,670		$	23,420		$	33,710
Depreciation and Amortization
Packaging	$	24,650		$	21,620		$	21,630
Aerospace	13,700			13,900			13,290
Specialty Products	4,870			4,690			5,210
Corporate	280			280			180
Total	$	43,500		$	40,490		$	40,310
Total Assets
Packaging	$	546,950		$	435,140		$	431,680
Aerospace	354,500			357,640			365,120
Specialty Products	116,010			117,110			112,460
Corporate	175,240			95,260			31,860
Subtotal from continuing operations	1,192,700			1,005,150			941,120
Discontinued operations	—			95,370			92,080
Total	$	1,192,700		$	1,100,520		$	1,033,200

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^(a) Corporate capital expenditures for the years ended December 31, 2018 and 2017, respectively, are primarily related to purchases of machinery and equipment formerly held under operating leases. These purchased assets were subsequently transferred from Corporate to the reportable segment utilizing the assets.

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,
	2019				2018				2017
	Net Sales		Long-lived Assets		Net Sales		Long-lived Assets		Net Sales		Long-lived Assets
Non-U.S.
Europe	$	87,420	$	110,530	$	54,920	$	53,770	$	55,290	$	54,090
Asia Pacific	37,920		40,720		38,920		44,230		28,200		49,800
Other Americas	6,290		18,430		6,170		7,500		6,570		7,560
Total non-U.S.	131,630		169,680		100,010		105,500		90,060		111,450

Total U.S.	591,900		540,680		605,020		550,990		566,100		567,600
Total	$	723,530	$	710,360	$	705,030	$	656,490	$	656,160	$	679,050

The Company's export sales from the U.S. approximated $74.1 million, $69.9 million and $72.3 million in 2019, 2018 and 2017, respectively.