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Segment Information (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment Information

he following table presents results of continuing operations for each reportable segment. There were no significant inter-segment transactions during the periods presented.

 

     Autocam
Precision
Components
Group
     Precision
Engineered
Products
Group
    Corporate
and
Consolidations
    Total  

Year Ended December 31, 2017

                         

Net sales

   $ 336,852      $ 282,941     $ —       $ 619,793  

Depreciation and amortization

   $ 24,491      $ 26,745     $ 1,170     $ 52,406  

Income from operations

   $ 34,405      $ 36,711     $ (38,002   $ 33,114  

Interest expense

            (52,085

Other

            (39,902
         

 

 

 

Loss from continuing operations before benefit for income taxes and share of net income from joint venture

          $ (58,873
         

 

 

 

Share of net income from joint venture

   $ 5,211          $ 5,211  

Expenditures for long-lived assets

   $ 24,056      $ 5,443     $ 6,907     $ 36,406  

Year Ended December 31, 2016

                         

Net sales

   $ 326,138      $ 258,816     $ —       $ 584,954  

Depreciation and amortization

   $ 22,189      $ 28,105     $ 427     $ 50,721  

Income from operations

   $ 29,490      $ 33,900     $ (28,611   $ 34,779  

Interest expense

            (62,870

Other

            (2,775
         

 

 

 

Loss from continuing operations before benefit for income taxes and share of net income from joint venture

          $ (30,866
         

 

 

 

Share of net income from joint venture

   $ 5,938          $ 5,938  

Expenditures for long-lived assets

   $ 23,077      $ 5,352     $ 3,465     $ 31,894  

Year Ended December 31, 2015

                         

Net sales

   $ 328,260      $ 77,183     $ —       $ 405,443  

Depreciation and amortization

   $ 21,472      $ 11,282     $ 219     $ 32,973  

Income from operations

   $ 30,810      $ (3,806   $ (26,946   $ 58  

Interest expense

            (29,582

Other

            (19,694
         

 

 

 

Loss from continuing operations before benefit for income taxes and share of net income from joint venture

          $ (49,218
         

 

 

 

Share of net income from joint venture

   $ 5,001          $ 5,001  

Expenditures for long-lived assets

   $ 21,341      $ 728     $ 1,373     $ 23,442  

 

     Total Assets as of December 31,  
     2017      2016      2015  

Autocam Precision Components Group (1)

   $ 428,321      $ 412,692      $ 416,504  

Precision Engineered Products Group

     738,766        720,362        747,804  

Corporate and Consolidations

     307,916        225,220        224,029  
  

 

 

    

 

 

    

 

 

 

Total

   $ 1,475,003      $ 1,358,274      $ 1,388,337  
  

 

 

    

 

 

    

 

 

 

 

(1) Total assets of our APC segment include $39.8 million, $36.0 million, and $36.3 million as of December 31, 2017, 2016, and 2015, respectively, related to the investment in our 49% owned joint venture (Note 10).
Summary of Sales to External Customers and Long-Lived Tangible Assets by Geographical Region

The following table summarizes sales to external customers and long-lived tangible assets by geographical region.

 

     Net Sales Year
Ended December 31,
     Property, Plant, and Equipment, Net
As of December 31,
 
     2017      2016      2015      2017      2016  

United States

   $ 437,838      $ 407,917      $ 275,152      $ 173,269      $ 155,784  

Europe

   $ 40,334      $ 36,481      $ 32,736      $ 25,288      $ 21,069  

Asia

     62,657        64,177        46,092        26,078        19,936  

Canada

     2,176        1,921        861        —          —    

Mexico

     40,937        45,863        27,023        7,544        5,821  

S. America

     35,845        28,595        23,558        27,101        27,483  

Other

     6        —          21        —          —    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

All foreign countries

   $ 181,955      $ 177,037      $ 130,291      $ 86,011      $ 74,309  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 619,793      $ 584,954      $ 405,443      $ 259,280      $ 230,093