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Information on Business Segments (Tables)
12 Months Ended
Dec. 31, 2011
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Operations by Reportable Business Segment
 
 
 
Logistics and
Manufacturing
Services
 
Precision
Components
 
Other
 
Total
Company
Revenues
 
 
 
 
 
 
 
 
2011
 
$
492.9

 
$
687.5

 
$
(11.0
)
 
$
1,169.4

2010
 
443.9

 
595.9

 
(11.2
)
 
1,028.6

2009
 
428.3

 
501.5

 
(6.4
)
 
923.4

Operating profit
 
 
 
 
 
 
 
 
2011
 
$
64.8

 
$
62.8

 
$

 
$
127.6

2010
 
39.1

 
47.3

 

 
86.4

2009
 
48.7

 
14.8

 

 
63.5

Assets
 
 
 
 
 
 
 
 
2011
 
$
642.6

 
$
634.3

 
$
163.5

 
$
1,440.4

2010
 
716.5

 
605.8

 
81.0

 
1,403.3

2009
 
723.6

 
539.6

 
88.8

 
1,352.0

Depreciation and amortization
 
 
 
 
 
 
 
 
2011
 
$
27.5

 
$
29.5

 
$
1.9

 
$
58.9

2010
 
24.9

 
26.1

 
1.8

 
52.8

2009
 
24.7

 
24.8

 
2.0

 
51.5

Capital expenditures
 
 
 
 
 
 
 
 
2011
 
$
7.5

 
$
29.4

 
$
0.2

 
$
37.1

2010
 
10.0

 
18.7

 
0.1

 
28.8

2009
 
13.8

 
16.3

 
0.4

 
30.5

_________________________

Notes:
One customer, General Electric, accounted for 19%, 20% and 24% of the Company’s total revenues in 2011, 2010 and 2009, respectively.
“Other” revenues represent the elimination of intersegment sales.
“Other” assets include corporate-controlled assets, the majority of which are cash and deferred tax assets
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
A reconciliation of the total reportable segments’ operating profit to income from continuing operations before income taxes follows:
 
 
 
2011
 
2010
 
2009
Operating profit
 
$
127.6

 
$
86.4

 
$
63.5

Interest expense
 
10.3

 
20.0

 
22.5

Other expense (income), net
 
0.4

 
2.6

 
(2.0
)
Income from continuing operations before income taxes
 
$
116.9

 
$
63.8

 
$
43.0


Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas



Operations by Geographic Area
 
 
 
Domestic
 
International
 
Other
 
Total
Company
Revenues
 
 
 
 
 
 
 
 
2011
 
$
765.6

 
$
442.0

 
$
(38.2
)
 
$
1,169.4

2010
 
701.7

 
368.6

 
(41.7
)
 
1,028.6

2009
 
655.4

 
300.5

 
(32.5
)
 
923.4

Long-lived assets
 
 
 
 
 
 
 
 
2011
 
$
303.7

 
$
559.0

 
$

 
$
862.7

2010
 
290.4

 
619.9

 

 
910.3

2009
 
299.3

 
619.4

 

 
918.7

_________________________
Notes:
International sales derived from any one country did not exceed 10% of the Company’s total revenues.
“Other” revenues represent the elimination of intercompany sales between geographic locations, of which approximately 49% were sales from international locations to domestic locations.
Long-lived assets located in any one international country that exceeded 10% of the Company’s total long-lived assets as of December 31, 2011 were $247.3 million of intangible assets related to the RSPs recorded in Singapore, $142.2 million primarily related to goodwill and property, plant and equipment at the Hänggi division of the Precision Components segment located in Switzerland and $87.5 million primarily related to goodwill at the Stromsholmen division of the Precision Components segment located in Sweden