Segment Reporting

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

The Company reports three business segments: North American Industrial, North American Agricultural and European. The Company’s sales are principally within the United States, United Kingdom, France, Canada and Australia. The Company sells its products primarily through a network of independent dealers and distributors to governmental end-users, related independent contractors, as well as to the agricultural and commercial turf markets.

The Company has included a summary of the financial information by reporting segment. The following table presents the revenues and income from operations by reporting segment for the years ended December 31, 2014, 2013 and 2012:

	December 31,
(in thousands)	2014		2013 (1)		2012 (1)
Net Revenue
North American Industrial	$	436,018	$	297,857	$	264,504
North American Agricultural	214,326		219,354		203,945
European	188,711		164,879		164,582
Consolidated	$	839,055	$	682,090	$	633,031
Income from Operations
North American Industrial	$	39,377	$	25,743	$	19,313
North American Agricultural	11,714		17,880		18,319
European	11,573		7,114		7,717
Consolidated	$	62,664	$	50,737	$	45,349

(1) As adjusted for the immaterial correction. See Note 1.

The following table presents the goodwill and total identifiable assets by reporting segment for the years ended December 31, 2014 and 2013:

(in thousands)	December 31, 2014		December 31, 2013
Goodwill
Industrial	$	54,036	$	13,176
Agricultural	695		—
European	17,676		18,897
Consolidated	$	72,407	$	32,073
Total Identifiable Assets
Industrial	$	363,812	$	161,080
Agricultural	113,286		123,352
European	152,504		154,044
Consolidated	$	629,602	$	438,476

INTERNATIONAL OPERATIONS AND GEOGRAPHIC INFORMATION

Following is selected financial information on the Company’s international operations which include Europe, Canada and Australia:

	December 31,
(in thousands)	2014		2013		2012
Net sales	$	260,874	$	236,839	$	227,568
Income from operations	15,840		14,822		14,470
Income before income taxes	17,315		16,241		13,731
Identifiable assets	$	219,036	$	205,317	$	179,263

Following is other selected geographic financial information on the Company’s operations:

	December 31,
(in thousands)	2014		2013		2012
Geographic net sales:
United States	$	571,817	$	449,119	$	405,761
United Kingdom	58,976		36,892		40,735
France	93,699		97,959		92,964
Canada	54,087		45,212		36,366
Australia	13,702		11,519		10,232
Other	46,774		41,389		46,973
Total net sales	$	839,055	$	682,090	$	633,031
Geographic location of long-lived assets:
United States	$	168,404	$	42,053	$	46,749
United Kingdom	20,840		19,718		13,809
France	21,728		25,751		25,166
Canada	23,354		12,562		11,719
Australia	1,358		768		190
Total long-lived assets	$	235,684	$	100,852	$	97,633

Net sales are attributed to countries based on the location of customers.