Park Ohio Industries 10-K 23 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 29, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	PARK OHIO INDUSTRIES INC/OH
Entity Central Index Key	1,068,148
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		100
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	No
Entity Public Float	$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 48.4	$ 48.3
Accounts receivable, less allowances for doubtful accounts of $3.3 million at December 31, 2015 and $4.1 million at December 31, 2014	199.3	208
Inventories, net	249	238.4
Deferred tax assets	0	28.1
Unbilled contract revenue	26.5	26.8
Receivable from affiliates	8.6	0.5
Prepaid and other current assets	12.5	22
Total current assets	544.3	572.1
Net property, plant and equipment	154.1	141
Goodwill	82	89.5
Intangible assets, net	92.8	88.1
Other long-term assets	70.9	73.2
Total assets	944.1	963.9
Current liabilities:
Trade accounts payable	129.7	162.1
Payables to affiliates	6.6	1.8
Accrued expenses and other	95.3	103.7
Total current liabilities	231.6	267.6
Long-term liabilities, less current portion:
Debt	450.3	434.4
Deferred tax liabilities	21.4	43.9
Other postretirement benefits and other long-term liabilities	38.5	40.1
Total long-term liabilities	510.2	518.4
Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity:
Common stock, par value $1 per share	0	0
Additional paid-in capital	96.8	88.6
Retained earnings	128.6	97
Accumulated other comprehensive (loss)	(30)	(14)
Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity	195.4	171.6
Noncontrolling interest	6.9	6.3
Total equity	202.3	177.9
Total liabilities and shareholder's equity	$ 944.1	$ 963.9

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Allowances for doubtful accounts	$ 3.3	$ 4.1
Common stock, par value (in dollars per share)	$ 1	$ 1

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Net sales		$ 1,463.8	$ 1,378.7	$ 1,203.2
Cost of sales		1,228.6	1,144.2	992.2
Gross profit		235.2	234.5	211
Selling, general and administrative expenses		134.4	135.6	119.5
Litigation judgment and settlement costs		2.2	0	5.2
Operating income		98.6	98.9	86.3
Gain on acquisition of business	$ (0.6)	0	0	(0.6)
Interest expense		27.9	26.1	25.9
Income from continuing operations before income taxes		70.7	72.8	61
Income tax expense		21.5	25.2	19.6
Net income from continuing operations		49.2	47.6	41.4
Income from discontinued operations, net of taxes		0	0	3
Net income		49.2	47.6	44.4
Net income attributable to noncontrolling interest		(0.6)	(1.3)	(0.5)
Net income attributable to ParkOhio common shareholder		$ 48.6	$ 46.3	$ 43.9

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income	$ 49.2	$ 47.6	$ 44.4
Other comprehensive income (loss):
Foreign currency translation (loss)	(11.8)	(7.9)	(2.5)
Pension and postretirement benefit adjustments, net of tax	(4.2)	(9.5)	12.8
Total other comprehensive (loss) income	(16)	(17.4)	10.3
Total comprehensive income, net of tax	33.2	30.2	54.7
Comprehensive income attributable to noncontrolling interest	(0.6)	(1.3)	(0.5)
Comprehensive income attributable to ParkOhio common shareholder	$ 32.6	$ 28.9	$ 54.2

Consolidated Statements of Shar

Consolidated Statements of Shareholder's Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-In Capital	Retained Earnings(Deficit)	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Beginning balance at Dec. 31, 2012	$ 96.4	$ 0	$ 75.8	$ 27.5	$ (6.9)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	54.7			43.9	10.3	0.5
Share-based compensation	4.7		4.7
Dividend paid to parent	(10.7)			(10.7)
Income tax effect of share-based compensation exercises and vesting	0.5		0.5
Capital contribution from noncontrolling interest	5		0.5			4.5
Ending balance at Dec. 31, 2013	150.6	0	81.5	60.7	3.4	5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	30.2			46.3	(17.4)	1.3
Share-based compensation	5.8		5.8
Dividend paid to parent	(10)			(10)
Income tax effect of share-based compensation exercises and vesting	1.3		1.3
Ending balance at Dec. 31, 2014	177.9	0	88.6	97	(14)	6.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	33.2			48.6	(16)	0.6
Share-based compensation	7.3		7.3
Dividend paid to parent	(17)			(17)
Income tax effect of share-based compensation exercises and vesting	0.9		0.9
Ending balance at Dec. 31, 2015	$ 202.3	$ 0	$ 96.8	$ 128.6	$ (30)	$ 6.9

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES
Net income	$ 49.2	$ 47.6	$ 44.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	27.9	22.4	18.5
Share-based compensation	7.3	5.8	4.7
Gain on sale of business and assets	0	(1.9)	(6)
Gain on acquisition of business	0	0	(0.6)
Deferred income taxes	3.1	0.6	(2.1)
Other	0	1	0
Changes in operating assets and liabilities, excluding business acquisitions:
Accounts receivable	3.8	(27.9)	8.5
Inventories and other current assets	(6.6)	(23.4)	(4.7)
Accounts payable and accrued expenses	(39.1)	29.4	(7)
Other	(8.4)	2.3	4
Net cash provided by operating activities	37.2	55.9	59.7
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(36.5)	(25.8)	(29.8)
Proceeds from sale and leaseback transactions	0	0	7.4
Proceeds from sale of assets	0	2.1	14.2
Business acquisitions, net of cash acquired	0	(72.7)	(45.8)
Net cash used by investing activities	(36.5)	(96.4)	(54)
FINANCING ACTIVITIES
Proceeds from term loans and other debt	2.3	14.2	0
Payments on term loans and other debt	(3.6)	(6.6)	(4.2)
Proceeds from revolving credit facility, net	7.9	50.3	9.1
Proceeds from capital lease credit facility, net	13.8	0	0
Dividend paid to parent	(17)	(10)	(10.7)
Income tax effect of share-based compensation exercises and vesting	0.9	1.3	0.5
Other	0	(1.3)	0
Net cash provided (used) by financing activities	4.3	47.9	(5.3)
Effect of exchange rate changes on cash	(4.9)	(2.8)	0.9
Increase in cash and cash equivalents	0.1	4.6	1.3
Cash and cash equivalents at beginning of period	48.3	43.7	42.4
Cash and cash equivalents at end of period	48.4	48.3	43.7
Income taxes paid	19	25.8	25
Interest paid	$ 25.7	$ 24	$ 24.8

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Consolidation and Basis of Presentation: The consolidated financial statements include the accounts of the Company and all of its majority-owned subsidiaries. The Company is a wholly-owned subsidiary of Park-Ohio Holdings Corp. All intercompany accounts and transactions have been eliminated upon consolidation. The Company does not have off-balance sheet arrangements or financings with unconsolidated entities or other persons. The Company leases certain real properties owned by related parties as described in Note 12. Transactions with related parties are not material to the Company’s financial position, results of operations or cash flows. Accounting Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash Equivalents: The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Inventories: Inventories are stated at the lower of first-in, first-out (“FIFO”) cost or market value. Major Classes of Inventories December 31, 2015 December 31, 2014 (In millions) Finished goods $ 147.5 $ 146.0 Work in process 37.4 19.8 Raw materials and supplies 64.1 72.6 Inventories, net $ 249.0 $ 238.4 Other inventory items Inventory reserves $ 29.0 $ 29.9 Consigned Inventory $ 10.3 $ 7.8 Property, Plant and Equipment: Property, plant and equipment are carried at cost. Additions and improvements that extend the lives of assets are capitalized and expenditures for repairs and maintenance are charged to operations as incurred. Depreciation and amortization of fixed assets, including capital leases, is computed principally by the straight-line method based on the estimated useful lives of the assets ranging from five to 40 years for buildings, and one to 20 years for machinery and equipment. The following table summarizes property, plant and equipment at December 31, 2015 and December 31, 2014 : December 31, December 31, (In millions) Property, plant and equipment: Land and land improvements $ 8.5 $ 7.1 Buildings 65.3 70.9 Machinery and equipment 309.5 287.8 Leased property under capital leases 16.2 0.9 Total property, plant and equipment 399.5 366.7 Less accumulated depreciation 245.4 225.7 Net property, plant and equipment $ 154.1 $ 141.0 Information regarding depreciation expense of property, plant and equipment follows: Year Ended December 31, 2015 2014 2013 (In millions) Depreciation expense $ 21.5 $ 17.6 $ 15.0 Impairment of Long-Lived Assets: We assess the recoverability of long-lived assets (excluding goodwill) and identifiable acquired intangible assets with finite useful lives, whenever impairment indicators exists. When impairment indicators exist, we measure the recoverability of assets to be held and used by a comparison of the carrying amount of the asset to the expected net future undiscounted cash flows to be generated by that asset. The amount of impairment of identifiable intangible assets with finite useful lives, if any, to be recognized is measured based on projected discounted future cash flows. We measure the amount of impairment of other long-lived assets (excluding goodwill) as the amount by which the carrying value of the asset exceeds the fair value of the asset, which is generally determined, based on projected discounted future cash flows or appraised values. We classify long-lived assets to be disposed of other than by sale as held and used until they are disposed. Goodwill and Indefinite-Lived Assets: In accordance with Accounting Standards Codification (“ASC”) 350, “ Intangibles — Goodwill and Other ” (“ASC 350”), the Company does not amortize goodwill or indefinite-lived intangible assets recorded in connection with business acquisitions. Goodwill and indefinite life intangible assets are tested annually for impairment as of October 1, or whenever events or changes in circumstances indicate there may be an indicator of impairment in accordance with ASC 350 . Goodwill is tested for impairment at the reporting unit level and is based on the net assets for each reporting unit, including goodwill and intangible assets, compared to the fair value. Our reporting units have been identified at the component level. In accordance with Accounting Standard Update (“ASU”) 2011-08, an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step quantitative impairment test is unnecessary. In assessing the qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, we identify and assess relevant drivers of fair value and events and circumstances that may impact the fair value and the carrying amount of the reporting unit. The identification of relevant events and circumstances and how these may impact a reporting unit’s fair value or carrying amount involve significant judgments and assumptions. The judgments and assumptions include the identification of macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, Company-specific events and share price trends, and the assessment of whether each relevant factor will impact the impairment test positively or negatively and the magnitude of any such impact. If our qualitative assessment concludes that it is more likely than not that a reporting unit's fair value is less than its carrying amount then a quantitative assessment is required. In a quantitative assessment, we use an income approach and other valuation techniques to estimate the fair value of our reporting units. Absent an indication of fair value from a potential buyer or similar specific transactions, we believe that using this methodology provides reasonable estimates of a reporting unit’s fair value. The income approach is based on projected future debt-free cash flow that is discounted to present value using factors that consider the timing and risk of the future cash flows. We believe that this approach is appropriate because it provides a fair value estimate based upon the reporting unit’s expected long-term operating and cash flow performance. This approach also mitigates most of the impact of cyclical downturns that occur in the reporting unit’s industry. The income approach is based on a reporting unit’s projection of operating results and cash flows that is discounted using a weighted-average cost of capital. The projection is based upon our best estimates of projected economic and market conditions over the related period including growth rates, estimates of future expected changes in operating margins and cash expenditures. Other significant estimates and assumptions include terminal value growth rates, terminal value margin rates, future capital expenditures and changes in future working capital requirements based on management projections. There are inherent uncertainties, however, related to these factors and to our judgment in applying them to this analysis. Nonetheless, we believe that this method provides a reasonable approach to estimate the fair value of our reporting units. The Company completed its annual goodwill impairment test using quantitative or qualitative assessments for each year presented and confirmed no reporting unit was at risk of failing the impairment test for any periods presented herein. Indefinite life intangible assets are tested annually for impairment as of October 1, or whenever events or changes in circumstances indicate there may be a possible permanent loss of value in accordance with ASC 350. In accordance with ASU 2011-08, an entity may elect to first assess qualitative factors to determine whether it is more likely than not that the fair value of the indefinite-lived intangible is less than its carrying value. The Company completed its annual indefinite-lived intangible impairment assessment. As a result of this analysis, we concluded that no impairment existed. Fair Values of Financial Instruments: Certain financial instruments are required to be recorded at fair value. The Company measures financial assets and liabilities at fair value in three levels of inputs. The three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is: Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 — Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. Changes in assumptions or estimation methods could affect the fair value estimates; however, we do not believe any such changes would have a material impact on our financial condition, results of operations or cash flows. The carrying value of cash and cash equivalents, accounts receivable, accounts payable and borrowings under the Credit Agreement (as defined in Note 9) approximate fair value at December 31, 2015 and December 31, 2014 because of the short-term nature of these instruments. The fair values of long-term debt and pension plan assets are disclosed in Note 9 and Note 13, respectively. The Company has not changed its valuation techniques for measuring fair value during 2015 , and there were no transfers between levels during the periods presented. Income Taxes: The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are determined based on temporary differences between the financial reporting and the tax bases of assets and liabilities and are measured using the current enacted tax rates. In determining these amounts, management determined the probability of realizing deferred tax assets, taking into consideration factors including historical operating results, cumulative earnings and losses, expectations of future earnings, taxable income and the extended period of time over which the postretirement benefits will be paid and accordingly records valuation allowances if, based on the weight of available evidence it is more likely than not that some portion or all of our deferred tax assets will not be realized as required by ASC 740, “Income Taxes” (“ASC 740”). Share-Based Compensation: The Company follows the provisions of ASC 718, “Compensation — Stock Compensation” (“ASC 718”), which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their grant date fair values. Compensation expense for awards with service conditions only that are subject to graded vesting is recognized on a straight-line basis over the term of the vesting period. Park-Ohio Holdings Corp. (“Holdings”)grants share-based compensation awards to Industries' employees. In accordance with ASC 718, such costs are allocated to Industries. Under the provisions of the Company’s 2015 Equity and Incentive Compensation Plan (“2015 Plan”), which is administered by the Compensation Committee of Holdings' Board of Directors, incentive stock options, non-statutory stock options, stock appreciation rights (“SARs”), restricted share units, performance shares or stock awards may be awarded to directors and all employees of the Company and its subsidiaries. The 2015 Plan replaces in its entirety the 1998 Long-Term Incentive Plan, as amended (“1998 Plan”), but shares that remained available under the 1998 Plan were added to the aggregate share limit under that 2015 Plan. Stock options will be exercisable in whole or in installments as may be determined provided that no options will be exercisable more than ten years from date of grant. The exercise price will be the fair value at the date of grant. The aggregate number of shares of Holdings' common stock that may be awarded under the 2015 Plan is 650,000 , plus the 106,806 shares that remained available for award under the 1998 Plan, all of which may be incentive stock options. No more than 400,000 shares shall be the subject of awards to any individual participant in any one calendar year. Revenue Recognition: The Company recognizes revenue, other than from long-term contracts, when title is transferred to the customer, typically upon shipment. Revenue from long-term contracts (approximately 4% of consolidated revenue) is accounted for under the percentage of completion method, and recognized on the basis of the percentage each contract’s cost to date bears to the total estimated contract cost. We follow this method since reasonably dependable estimates of revenue and costs of a contract can be made. Revenue earned on contracts in process that are in excess of billings, is classified in unbilled contract revenues in the accompanying consolidated balance sheets. Billings that are in excess of revenues earned on contracts in process are classified in accrued expenses in the accompanying balance sheets. Our revenue recognition policies are in accordance with the SEC's Staff Accounting Bulletin No. 104, “Revenue Recognition.” Cost of Sales : Cost of sales is primarily comprised of direct materials and supplies consumed in the manufacture of product, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of sales also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity. Shipping and Handling Costs: All shipping and handling costs are included in cost of sales in the Consolidated Statements of Income. Accounts Receivable and Allowance for Doubtful Accounts: Accounts receivable are recorded at net realizable value. Accounts receivable are reduced by an allowance for amounts that may become uncollectable in the future. The Company’s policy is to identify and reserve for specific collectability concerns based on customers’ financial condition and payment history, as well as a general reserve based on historical trends and other information. During 2015 and 2014 , we sold approximately $118.5 million and $95.0 million , respectively, of accounts receivable to mitigate accounts receivable concentration risk and to provide additional financing capacity. In compliance with ASC 860, “Transfers and Servicing”, sales of accounts receivable are reflected as a reduction of accounts receivable in the Consolidated Balance Sheets and the proceeds are included in the cash flows from operating activities in the Consolidated Statements of Cash flows. In 2015 and 2014 , an expense in the amount of $0.6 million and $0.5 million , respectively, related to the discount on sale of accounts receivable is recorded in the Consolidated Statements of Income. Concentration of Credit Risk: The Company sells its products to customers in diversified industries. The Company performs ongoing credit evaluations of its customers’ financial condition but does not require collateral to support customer receivables. The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information. As of December 31, 2015 , the Company had uncollateralized receivables with six customers in the automotive industry, each with several locations, aggregating $ 36.7 million , which represented approximately 18% of the Company’s trade accounts receivable. During 2015 , sales to these customers amounted to approximately $ 315.7 million , which represented approximately 22% of the Company’s net sales. Environmental: The Company accrues environmental costs related to existing conditions resulting from past or current operations and from which no current or future benefit is discernible. Costs that extend the life of the related property or mitigate or prevent future environmental contamination are capitalized. The Company records a liability when environmental assessments and/or remedial efforts are probable and can be reasonably estimated. The estimated liability of the Company is not reduced for possible recoveries from insurance carriers and is undiscounted. Legal Contingencies: We are involved in a variety of claims, suits, investigations and administrative proceedings with respect to commercial, premises liability, product liability, employment and environmental matters arising from the ordinary course of business. We accrue reserves for legal contingencies, on an undiscounted basis, when it is probable that we have incurred a liability and we can reasonably estimate an amount. When a single amount cannot be reasonably estimated, but the cost can be estimated within a range and when no amount within the range is a better estimate than any other amount, we accrue the minimum amount in the range. Based upon facts and information currently available, we believe the amounts reserved are adequate for such pending matters. We monitor the development of legal proceedings on a regular basis and will adjust our reserves when, and to the extent, additional information becomes available. Foreign Currency Translation: The functional currency for a majority of subsidiaries outside the United States is the local currency. Financial statements for these subsidiaries are translated into U.S. dollars at year-end exchange rates for assets and liabilities and weighted-average exchange rates for revenues and expenses. The resulting translation adjustments are recorded in accumulated comprehensive income (loss) in shareholder's equity. Accounting Pronouncements Adopted In November 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes,” the adoption of which is reflected in the accompanying Consolidated Balance Sheets. The provisions were adopted on a prospective basis. Based on the new accounting guidance, all deferred tax amounts are classified as long-term in 2015. Recent Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606),” which was the result of a joint project by the FASB and International Accounting Standards Board to clarify the principles for recognizing revenue and to develop a common revenue standard for U.S. generally accepted accounting principles and International Financial Reporting Standards. The issuance of a comprehensive and converged standard on revenue recognition is expected to enable financial statement users to better understand and consistently analyze an entity’s revenue across industries, transactions, and geographies. The ASU will require additional disclosures to help financial statement users better understand the nature, amount, timing, and potential uncertainty of the revenue that is recognized. The ASU is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The ASU will require either retrospective application to each prior reporting period presented or retrospective application with the cumulative effect of initially applying the standard recognized at the date of adoption. The Company is currently evaluating the impact of adopting this guidance. In April 2015, the FASB issued ASU 2015-03, "Interest-Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs." The amendment requires an entity to present debt issuance costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the debt issuance costs will continue to be reported as interest expense. In August 2015, the FASB issued an amendment to this standard to address line of credit arrangements, which would allow an entity to present debt issuance costs as an asset and subsequently amortize the debt issuance costs ratably over the term of the line of credit arrangement. This ASU is effective for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. The new guidance will be applied retrospectively to each prior period presented. The new guidance will only impact the presentation of the Company's financial position and is not expected to materially affect the Company's results of operations or other financial statement disclosures. In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory." The amendment requires an entity to measure inventory within the scope of this update at the lower of cost and net realizable value. This ASU is effective for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years. Early adoption is permitted. The new guidance will be applied prospectively. The Company is currently evaluating the impact of adopting this guidance. In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." The amendments in this update require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. This ASU is effective for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. The new guidance will be applied prospectively, and the impact of adoption will be dependent on the nature of measurement period adjustments that may be necessary. In January 2016, the FASB issued ASU 2016-1, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." The amendments in this update address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The Board also is addressing measurement of credit losses on financial assets in a separate project. This ASU is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. Early adoption is not permitted. The new guidance will be applied prospectively. The Company is currently evaluating the impact of adopting this guidance. In February 2016, the FASB issued ASU 2016-02 “Leases (Topic 842).” The amendment establishes a comprehensive new lease accounting model. The new standard: (a) clarifies the definition of a lease; (b) requires a dual approach to lease classification similar to current lease classifications; and (c) causes lessees to recognize leases on the balance sheet as a lease liability with a corresponding right-of-use asset for leases with a lease-term of more than twelve months. This ASU is effective for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. The new standard requires a modified retrospective transition for capital or operating leases existing at or entered into after the beginning of the earliest comparative period presented in the financial statements, but it does not require transition accounting for leases that expire prior to the date of initial application. The Company is currently evaluating the impact of adopting this guidance.

Segments

Segments	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segments	Segments The Company operates through three reportable segments: Supply Technologies, Assembly Components and Engineered Products. Supply Technologies provides our customers with Total Supply Management™ services for a broad range of high-volume, specialty production components. Total Supply Management™ manages the efficiencies of every aspect of supplying production parts and materials to our customers’ manufacturing floor, from strategic planning to program implementation, and includes such services as engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing services and ongoing technical support. Assembly Components manufactures cast aluminum components, automotive and industrial rubber and thermoplastic products, gasoline direct injection systems, fuel filler and hydraulic assemblies for automotive, agricultural equipment, construction equipment, heavy-duty truck and marine equipment industries. Assembly Components also provides value-added services such as design and engineering, machining and assembly. Engineered Products operates a diverse group of niche manufacturing businesses that design and manufacture a broad range of high quality products engineered for specific customer applications. The Company primarily evaluates performance and allocates resources based on segment operating income as well as projected future performance. Segment operating income is defined as revenues less expenses identifiable to the product lines included within each segment. Segment operating income reconciles to consolidated income from continuing operations before income taxes by deducting corporate costs, which includes, but is not limited to executive compensation, corporate office costs and other income or expense items that are not attributed to the segments and net interest expense. Results by reportable segment were as follows: Year Ended December 31, 2015 2014 2013 (In millions) Net sales: Supply Technologies $ 578.7 $ 559.6 $ 471.9 Assembly Components 569.2 490.5 412.8 Engineered Products 315.9 328.6 318.5 $ 1,463.8 $ 1,378.7 $ 1,203.2 Segment operating income: Supply Technologies $ 50.3 $ 42.5 $ 35.0 Assembly Components 57.9 42.0 31.8 Engineered Products 20.9 42.7 47.1 Total segment operating income 129.1 127.2 113.9 Corporate costs (28.3 ) (28.3 ) (22.4 ) Litigation judgment and settlement costs (2.2 ) — (5.2 ) Gain on acquisition of business — — 0.6 Interest expense (27.9 ) (26.1 ) (25.9 ) Income from continuing operations before income taxes $ 70.7 $ 72.8 $ 61.0 Year Ended December 31, 2015 2014 2013 (In millions) Identifiable assets: Supply Technologies $ 276.3 $ 277.6 $ 241.7 Assembly Components 344.8 340.5 276.7 Engineered Products 243.1 246.9 183.1 General corporate 79.9 98.9 105.9 $ 944.1 $ 963.9 $ 807.4 Depreciation and amortization expense: Supply Technologies $ 4.7 $ 4.5 $ 3.0 Assembly Components 18.6 14.2 11.6 Engineered Products 4.2 3.3 3.4 General corporate 0.4 0.4 0.5 $ 27.9 $ 22.4 $ 18.5 Capital expenditures: Supply Technologies $ 3.7 $ 5.8 $ 3.8 Assembly Components 27.3 14.0 21.5 Engineered Products 5.5 2.4 3.6 General corporate — 1.5 0.9 $ 36.5 $ 23.7 $ 29.8 The percentage of net sales by product line included in each segment was as follows: Year Ended December 31, 2015 2014 2013 Supply Technologies: Supply Technologies 87 % 88 % 87 % Engineered specialty products 13 % 12 % 13 % 100 % 100 % 100 % Assembly Components: Fluid routing 50 % 49 % 54 % Aluminum products 41 % 43 % 37 % Rubber and plastics 7 % 6 % 7 % Screw products 2 % 2 % 2 % 100 % 100 % 100 % Engineered Products: Industrial equipment business 81 % 78 % 77 % Forged and machined products 19 % 22 % 23 % 100 % 100 % 100 % The Company’s approximate percentage of net sales by geographic region was as follows: Year Ended December 31, 2015 2014 2013 United States 72 % 74 % 74 % Asia 8 % 6 % 6 % Europe 7 % 6 % 5 % Canada 6 % 7 % 8 % Mexico 6 % 5 % 5 % Other 1 % 2 % 2 % 100 % 100 % 100 % The basis for attributing revenue to individual geographic regions is final shipping destination. At December 31, 2015 , 2014 and 2013 , approximately 71% , 72% and 77% , respectively, of the Company’s assets were maintained in the United States.

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Acquisitions	Acquisitions In December 2014, the Company acquired all the outstanding capital stock of Saet S.p.A. (“Saet”) for $ 22.1 million in cash. Saet is a leader in the design, manufacturing and testing of induction heating equipment and heat treat solutions through its locations in Italy, China, India and Tennessee. The financial results of Saet are included in the Company's Engineered Products segment from the date of acquisition. The acquisition of Saet was accounted for under the acquisition method of accounting. At December 31, 2014, the fair values of the assets acquired and liabilities assumed were preliminarily estimated based on their carrying values and the excess consideration of $ 23.2 million was preliminarily recorded as goodwill due to the proximity of the acquisition to the year-end date and pending finalization of the fair value. These preliminary estimates were revised during the measurement period in 2015 as all pertinent information regarding finalization of the third-party valuations for inventories, intangible assets, goodwill, tangible assets, other liabilities and deferred income tax assets and liabilities acquired were fully evaluated by the Company. Based on the final purchase price allocation, goodwill of $16.9 million and intangible assets of $13.4 million was recorded. In October 2014, the Company acquired all the outstanding capital stock of Autoform Tool and Manufacturing (“Autoform”) for a total purchase consideration of $48.9 million in cash. The acquisition was funded from borrowings under the revolving credit facility provided by the Credit Agreement. Autoform is a supplier of high pressure fuel lines and fuel rails used in Gasoline Direct Injection systems across a large number of engine platforms. Autoform's production facilities are located in Indiana. The financial results of Autoform are included in the Company's Assembly Components segment from the date of acquisition. In June 2014, the Company acquired all the outstanding capital stock of Apollo Aerospace Group (“Apollo”) for $ 6.5 million , net of cash acquired. Apollo is a supply chain management services company providing Class C production components and supply chain solutions to aerospace customers worldwide. The financial results of Apollo are included in the Company's Supply Technologies segment from the date of acquisition. The acquisitions of Autoform and Apollo were accounted for under the acquisition method of accounting. The purchase price allocations were preliminary as of December 31, 2014. The Apollo purchase agreement provides payment of contingent consideration of up to $ 2.4 million based on achievement of certain EBITDA targets over two years . The fair value of the earn-out, valued using level 3 inputs, was approximately $ 1.1 million at the date of the acquisition for a total purchase consideration of $ 6.5 million and as of December 31, 2015, the fair value of the earn-out was approximately $2.1 million . The contingent consideration, if earned, would be paid in the third quarter of 2016. Based on the purchase price allocation for these acquisitions, goodwill of $ 5.7 million and was recorded. Intangible assets of $3.0 million were recorded for Apollo and $25.5 million were recorded for Autoform. In November 2013, the Company acquired all the outstanding capital stock of QEF Global Limited (“QEF”). QEF is a provider of supply chain management solutions with four locations throughout Ireland, Scotland and England. In October 2013, the Company acquired all of the outstanding capital stock of Henry Halstead Ltd. (“Henry Halstead”). Henry Halstead is a provider of supply chain management solutions throughout the United Kingdom and Ireland. The Company paid $24.2 million (net of cash acquired) in the aggregate for QEF and Henry Halstead. QEF and Henry Halstead are included in our Supply Technologies segment from their respective dates of acquisition. Based on the final purchase price allocations for these acquisitions, goodwill of $ 7.9 million and intangible assets of $12.7 million was recorded. During August 2013, the Company acquired certain assets and liabilities of a small business, which resulted in a pre-tax gain of $0.6 million during the third quarter of 2013. The small business is engaged in the business of designing, manufacturing, selling, distributing and installing various tube bending machines and related tooling, spare and replacement parts and ancillary services for commercial applications. The small business is included in our Engineered Products segment from the date of acquisition. The purchase price was not significant to the results of operations, financial condition or liquidity. In April 2013, the Company acquired certain assets and assumed specific liabilities relating to Bates Rubber Inc. (“Bates”) for a total purchase price of $20.8 million in cash. The acquisition was funded from borrowings under the revolving credit facility provided by the Credit Agreement. Bates is a leading manufacturer of extruded, formed and molded products and assemblies for the transportation and industrial markets. Bates’ production facilities are located in Tennessee. The financial results of Bates are included in the Company’s Assembly Components segment and had insignificant revenues and net income from the date acquired. The acquisition was accounted for under the acquisition method of accounting. Based on the final purchase price allocation goodwill of $ 5.0 million and intangible assets of $5.9 million was recorded.

Dispositions

Dispositions	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Dispositions	Dispositions On September 3, 2013, the Company sold all of the outstanding equity interests of a non-core business unit in the Supply Technologies segment for $8.5 million in cash. This business unit is a provider of high-quality machine to machine information technology solutions, products and services. As a result of the sale, this business unit has been removed from the Supply Technologies segment and presented as a discontinued operation for all of the periods presented. Effective immediately upon the disposition, the non-core business unit was released from its guarantee of the Company's 8.125% Senior Notes due 2021 (the "Notes"). The financial position of the discontinued operation was not significant. Select financial information included in discontinued operations were as follows: Year Ended December 31, 2013 (In millions) Net sales $ 5.2 Loss from discontinued operations before tax $ (1.3 ) Income tax benefit from operations 0.5 Net loss from discontinued operations (0.8 ) Gain on sale of business before tax 5.3 Income tax expense from gain on sale of business (1.5 ) Net gain on sale of business 3.8 Income from discontinued operations, net of taxes $ 3.0 On August 1, 2013, the Company sold 25% of its Southwest Steel Processing LLC ("SSP") business to Arkansas Steel Associates, LLC for $5.0 million in cash. SSP is included in our Engineered Products segment. This transaction facilitates the Company's capacity expansion in one of its growing product lines. As of June 30, 2013, SSP had guaranteed the Notes. Effective in the third quarter of 2013, SSP was released from this guarantee in conjunction with its designation as an "Unrestricted Subsidiary" under the indenture governing the Notes and the sale of 25% of its business.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2015 , 2014 , and 2013 were as follows: Supply Technologies Assembly Components Engineered Products Total (In millions) Balance at January 1, 2013 $ — $ 44.8 $ 4.9 $ 49.7 Acquisitions 6.2 4.2 — 10.4 Foreign currency translation 0.2 — 0.1 0.3 Balance at December 31, 2013 6.4 49.0 5.0 60.4 Acquisitions 0.7 5.0 23.2 28.9 Foreign currency translation 0.5 — (0.3 ) 0.2 Balance at December 31, 2014 7.6 54.0 27.9 89.5 Acquisitions — 0.1 (6.3 ) (6.2 ) Foreign currency translation (0.4 ) — (0.9 ) (1.3 ) Balance at December 31, 2015 $ 7.2 $ 54.1 $ 20.7 $ 82.0 The decrease in goodwill from December 31, 2014 is primarily due to measurement period adjustments to the valuation of the Saet acquisition from 2014. The 2014 consolidated financial statements have not been retroactively adjusted as these measurement period adjustments did not have a material impact on such statements. The increase in goodwill from December 31, 2013 is due to the acquisitions of Apollo in the second quarter of 2014 and Autoform and Saet in the fourth quarter of 2014. Apollo is included in the Supply Technologies reportable segment, Autoform is included in the Assembly Components reportable segment and Saet is included in the Engineered Products reportable segment. The goodwill associated with the Autoform transaction is deductible for income tax purposes. The goodwill associated with the Apollo and Saet transactions is not deductible for income tax purposes. The increase in goodwill from January 1, 2013 to December 31, 2013 is due to the acquisitions of Bates in the second quarter of 2013 and Henry Halstead and QEF in the fourth quarter of 2013. Bates is included in the Assembly Components reportable segment and Henry Halstead and QEF are included in the Supply Technologies reportable segment. The goodwill associated with the Bates transaction is deductible for income tax purposes. The goodwill associated with the Henry Halstead and QEF transactions is not deductible for income tax purposes.

Other Intangible Assets

Other Intangible Assets	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets	Other Intangible Assets Information regarding other intangible assets as of December 31, 2015 and December 31, 2014 follows: December 31, 2015 December 31, 2014 Weighted Average Useful Life Acquisition Accumulated Net Acquisition Accumulated Net (In millions) Non-contractual customer relationships 12.0 years $ 76.0 $ 18.5 $ 57.5 $ 77.3 $ 13.2 $ 64.1 Indefinite-lived tradenames * 18.7 * 18.7 14.0 * 14.0 Technology 18.9 years 15.9 0.9 15.0 8.2 0.1 8.1 Other 8.7 years 4.1 2.5 1.6 4.1 2.2 1.9 Total $ 114.7 $ 21.9 $ 92.8 $ 103.6 $ 15.5 $ 88.1 * Not meaningful, tradenames have an indefinite life. Information regarding amortization expense of other intangible assets follows: Year Ended December 31, 2015 2014 2013 (In millions) Amortization expense $ 6.4 $ 4.8 $ 3.5 Amortization expense for the five years subsequent to December 31, 2015 follows: (In millions) 2016 $ 6.3 2017 $ 6.2 2018 $ 6.1 2019 $ 5.6 2020 $ 5.5

Other Long-Term Assets

Other Long-Term Assets	12 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Long-Term Assets	Other Long-Term Assets Other assets consist of the following: December 31, 2015 2014 (In millions) Pension assets $ 58.9 $ 64.6 Deferred financing costs, net 4.5 5.1 Other 7.5 3.5 Total $ 70.9 $ 73.2

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses and other current liabilities consist of the following: December 31, 2015 2014 (In millions) Accrued salaries, wages and benefits $ 26.1 $ 25.4 Advance billings 16.8 28.4 Current portion of long-term debt 17.8 9.4 Warranty accrual 6.1 6.9 Interest payable 5.7 5.2 Current portion of other post-retirement liabilities 1.4 1.6 Other 21.4 26.8 Total $ 95.3 $ 103.7 Substantially all advance billings relate to the Company’s industrial equipment business unit. Warranty liabilities are primarily associated with the Company’s industrial equipment business unit and the fluid routing solutions business. The Company estimates the amount of warranty claims on sold products that may be incurred based on current and historical data. The actual warranty expense could differ from the estimates made by the Company based on product performance. The following table presents the changes in the Company’s product warranty liability for the years ended December 31, 2015 , 2014 , and 2013 : Year Ended December 31, 2015 2014 2013 (In millions) Balance at January 1, $ 6.9 $ 5.4 $ 6.9 Claims paid during the year (4.7 ) (2.9 ) (6.4 ) Warranty expense 4.0 4.0 4.9 Acquired warranty liabilities (0.1 ) 0.4 — Balance at December 31, $ 6.1 $ 6.9 $ 5.4

Financing Arrangements

Financing Arrangements	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Financing Arrangements	Financing Arrangements Long-term debt consists of the following: Carrying Value at Issuance Date Maturity Date Interest Rate at December 31, 2015 December 31, 2015 December 31, 2014 (In millions) Senior Notes April 1, 2011 April 1, 2021 8.125 % $ 250.0 $ 250.0 Revolving credit — July 31, 2019 2.09 % 169.0 162.0 Term loan — July 31, 2019 2.38 % 27.9 28.8 Other, including capital leases Various Various Various 21.2 3.0 Total debt 468.1 443.8 Less current maturities 17.8 9.4 Total long-term debt, net of current portion $ 450.3 $ 434.4 On August 13, 2015, the Company entered into a capital lease agreement (the “Lease Agreement”). The Lease Agreement provides the Company up to $50.0 million for capital leases. See Note 12 for additional disclosure. On July 31, 2014, the Company entered into a sixth amendment and restatement of the credit agreement (the “Amended Credit Agreement”). The Amended Credit Agreement, among other things, increases the revolving credit facility to $230.0 million , provides a term loan for $16.1 million and extends the maturity date of the borrowings under the Amended Credit Agreement to July 31, 2019. The revolving credit facility includes a Canadian sub-limit of $15.0 million and a European sub-limit of $10.0 million (which may be increased to $25.0 million ) for borrowings in those locations. The Amended Credit Agreement was further amended in accordance with Amendments No. 1, 2 and 3 to the Amended Credit Agreement, dated October 24, 2014, January 20, 2015 and March 12, 2015, respectively (the “Amendments”). The Amendments: • increases the revolving credit facility from $230.0 million to $275.0 million ; • increases the inventory advance rate from 50% to 60% , reducing back to 50% on a pro-rata quarterly basis over 36 months commencing April 1, 2015; • reloads the term loan up to $35.0 million from $15.5 million , of which $27.9 million has been borrowed and is outstanding as of December 31, 2015; • increases the Canadian sub-limit up to $25.0 million from $15.0 million ; • increases the European sub-limit up to $25.0 million from $10.0 million ; and • provides minor pricing adjustments including pricing the first $22.0 million drawn on the revolver at LIBOR + 3.50% , reducing automatically on a pro-rata quarterly basis over 36 months commencing April 1, 2015. At the Company’s election, domestic amounts borrowed under the revolving credit facility may be borrowed at either: • LIBOR plus 1.5% to 2.5% ; or • the bank’s prime lending rate minus 0.25% to 1.25% . At the Company's election, amounts borrowed under the term loan may be borrowed at either: • LIBOR plus 2.0% to 3.0% ; or • the bank’s prime lending rate minus 0.75% to plus 0.25% . The LIBOR-based interest rate is dependent on the Company’s debt service coverage ratio, as defined in the Amended Credit Agreement. Amounts borrowed under the Canadian revolving credit facility provided by the Amended Credit Agreement may be borrowed at either: • the Canadian deposit offered rate plus 1.5% to 2.5% ; • the Canadian prime lending rate plus 0.0% to 1.0% ; or • the US base rate plus 0.0% to 1.0% . Under the Amended Credit Agreement, a detailed borrowing base formula provides borrowing availability to the Company based on percentages of eligible accounts receivable and inventory. The term loan is amortized based on a seven -year schedule with the balance due at maturity (July 31, 2019). The Amended Credit Agreement also reduced the commitment fee for the revolving credit facility. Additionally, the Company has the option, pursuant to the Amended Credit Agreement, to increase the availability under the revolving credit facility by $25.0 million . On April 7, 2011, the Company completed the sale of $250.0 million in the aggregate principal amount of the Notes. The Notes bear an interest rate of 8.125% per annum, payable semi-annually in arrears on April 1 and October 1 of each year. The Notes mature on April 1, 2021. At December 31, 2015 , in addition to amounts borrowed under the revolving credit facility, there was $21.4 million outstanding for standby letters of credit. At December 31, 2015 , the Company had approximately $69.3 million of unused borrowing capacity under the revolving credit facility. The following table represents fair value information of the Notes, classified as Level 1, at December 31, 2015 and December 31, 2014 . The fair value was estimated using quoted market prices. December 31, 2015 December 31, 2014 (In millions) Carrying amount $ 250.0 $ 250.0 Fair value $ 263.4 $ 266.3 Maturities of long-term debt, excluding capital leases, during each of the five years subsequent to December 31, 2015 are as follows: (In millions) 2016 $ 13.4 2017 $ 12.7 2018 $ 7.0 2019 $ 167.2 2020 $ — Foreign subsidiaries of the Company had $0.8 million of borrowings at December 31, 2015 and zero at December 31, 2014 and outstanding bank guarantees of approximately $ 3.9 million and $ 5.2 million at December 31, 2015 and 2014 , respectively, under their credit arrangements. The Notes are general unsecured senior obligations of the Company and are fully and unconditionally guaranteed on a joint and several basis by all material 100% owned domestic subsidiaries of the Company. Provisions of the indenture governing the Notes and the Credit Agreement contain restrictions on the Company’s ability to incur additional indebtedness, to create liens or other encumbrances, to make certain payments, investments, loans and guarantees and to sell or otherwise dispose of a substantial portion of assets or to merge or consolidate with an unaffiliated entity. At December 31, 2015 , the Company was in compliance with all financial covenants of the Credit Agreement. The weighted average interest rate on all debt was 5.47% at December 31, 2015 and 5.62% at December 31, 2014 . On October 21, 2015, the Company, through its Southwest Steel Processing LLC subsidiary, entered into a financing agreement with the Arkansas Development Finance Authority. The agreement provides the Company the ability to borrow up to $11.0 million for expansion of its manufacturing facility in Arkansas. The loan matures in September 2025. The Company has no borrowings under this agreement as of December 31, 2015.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income from continuing operations before income tax expense consists of the following: Year Ended December 31, 2015 2014 2013 (In millions) United States $ 44.9 $ 54.3 $ 49.3 Outside the United States 25.8 18.5 11.7 $ 70.7 $ 72.8 $ 61.0 Income taxes consisted of the following: Year Ended December 31, 2015 2014 2013 (In millions) Current expense: Federal $ 11.7 $ 17.6 $ 16.0 State 0.7 0.8 1.5 Foreign 6.0 6.2 4.2 18.4 24.6 21.7 Deferred expense (benefit): Federal 2.9 1.1 1.4 State 0.6 (0.8 ) (2.6 ) Foreign (0.4 ) 0.3 (0.9 ) 3.1 0.6 (2.1 ) Income tax expense $ 21.5 $ 25.2 $ 19.6 The reasons for the difference between income tax expense and the amount computed by applying the statutory federal income tax rate to income from continuing operations before income taxes for the years ended December 31, 2015 , 2014 and 2013 are as follows: Year Ended December 31, Rate Reconciliation 2015 2014 2013 (In millions) Tax at statutory rate $ 24.7 $ 25.4 $ 21.3 Effect of state income taxes, net 0.6 1.4 1.1 Effect of foreign operations (1.6 ) (0.9 ) (0.2 ) Valuation allowance (0.7 ) (1.1 ) (1.6 ) Non-deductible items 1.7 1.8 0.7 Manufacturer's deduction (1.1 ) (1.4 ) (1.4 ) Other, net (2.1 ) — (0.3 ) Total $ 21.5 $ 25.2 $ 19.6 Significant components of the Company’s net deferred tax assets and liabilities are as follows: Year Ended December 31, 2015 2014 (In millions) Deferred tax assets: Postretirement benefit obligation $ 4.8 $ 6.2 Inventory 12.0 13.7 Net operating loss and credit carryforwards 6.1 6.3 Warranty reserve 1.9 2.5 Accrued litigation 2.9 1.0 Compensation 6.0 6.0 Other 10.1 10.7 Total deferred tax assets 43.8 46.4 Deferred tax liabilities: Depreciation and amortization 15.2 13.2 Pension 21.0 23.3 Goodwill 2.5 2.7 Intangible assets 16.8 14.5 Other 1.6 1.4 Total deferred tax liabilities 57.1 55.1 Net deferred tax liabilities prior to valuation allowances (13.3 ) (8.7 ) Valuation allowances (4.8 ) (7.1 ) Net deferred tax liability $ (18.1 ) $ (15.8 ) At December 31, 2015 , the Company has U.S., state and foreign net operating loss carryforwards for income tax purposes. The foreign net operating loss carryforward is $18.1 million , of which $4.6 million expires between 2016 and 2035 and the remainder has no expiration date. The Company has a tax benefit from a state net operating loss carryforward of $2.2 million that expires between 2016 and 2035 . The Company also has a tax benefit from a non-consolidated U.S.net operating loss carryforward of $0.7 million that expires in 2035 . As of December 31, 2015 and 2014 , the Company was not in a cumulative three -year loss position and it was determined that it was more likely than not that its U.S. deferred tax assets will be realized. As of December 31, 2014, the Company reversed a valuation allowance of $1.3 million against its state net operating loss carryforward. As of December 31, 2015 and 2014 , the Company recorded valuation allowances of $4.2 million and $6.9 million , respectively, against certain foreign net deferred tax assets. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income (including reversals of deferred tax liabilities). The Company reviews all valuation allowances related to deferred tax assets and will reverse these valuation allowances, partially or totally, when appropriate under ASC 740. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 2015 2014 2013 (In millions) Unrecognized Tax Benefit — January 1, $ 6.5 $ 5.9 $ 6.1 Gross Increases — Tax Positions in Prior Period 0.3 0.8 0.4 Gross Decreases — Tax Positions in Prior Period (0.1 ) (0.2 ) (0.6 ) Lapse of Statute of Limitations (0.4 ) — — Unrecognized Tax Benefit — December 31, $ 6.3 $ 6.5 $ 5.9 The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate is $5.5 million at December 31, 2015 and $5.4 million at December 31, 2014. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. During the year ended December 31, 2015 and 2014, the Company recognized approximately $0.2 million and $0.3 million , respectively, in net interest and penalties. The Company had approximately $1.9 million and $1.7 million for the payment of interest and penalties accrued at December 31, 2015 and 2014, respectively. It is reasonably possible that within the next twelve months the amount of gross unrecognized tax benefits could be reduced by approximately $3.0 million as a result of the revaluation of expiring uncertain tax positions arising from the closure of tax statutes. The Company is subject to taxation in the U.S. and various state and foreign jurisdictions. The Company’s tax years for 2012 through 2015 remain open for examination by the Internal Revenue Service and 2011 through 2015 remain open for examination by various state and foreign taxing authorities. Deferred taxes have not been provided on approximately $91.2 million of undistributed earnings of the Company’s foreign subsidiaries as it is the Company’s policy and intent to permanently reinvest such earnings. The Company has determined that it is not practicable to determine the unrecognized tax liability on such undistributed earnings.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Share-Based Compensation A summary of Holdings' stock option activity as of December 31, 2015 and changes during the year then ended is presented below: 2015 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (In whole shares) (In millions) Outstanding — beginning of year 143,500 $ 16.76 Granted — — Exercised (83,500 ) 14.86 Canceled or expired — — Outstanding — end of year 60,000 $ 19.41 1.9 years $ 1.0 Options exercisable 60,000 $ 19.41 1.9 years $ 1.0 Exercise prices for options outstanding as of December 31, 2015 range from $15.61 to $24.92 . The number of options outstanding and exercisable at December 31, 2015 , which correspond with this range is 60,000 . The total intrinsic value of options exercised during the years ended December 31, 2015 , 2014 and 2013 was $3.3 million , $0.1 million and $1.1 million , respectively. Net cash proceeds from the exercise of stock options were $1.2 million , $0.0 million and $0.4 million , respectively. There were no stock options awarded in 2015 , 2014 and 2013 . A summary of Holdings' restricted share and performance share activity for the year ended December 31, 2015 is as follows: 2015 Time-Based Performance-Based Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value (In whole shares) (In whole shares) Outstanding — beginning of year 344,932 $ 33.55 28,000 $ 20.30 Granted 72,500 44.26 120,000 48.72 Vested (179,167 ) 32.93 (14,000 ) 20.30 Canceled or expired (29,836 ) 41.92 (14,000 ) 20.30 Outstanding — end of year 208,429 $ 36.61 120,000 $ 48.72 The Company recognized compensation expense of $7.3 million , $5.8 million and $4.7 million for the years ended December 31, 2015 , 2014 and 2013 , respectively, relating to restricted shares and performance shares. The total fair value of restricted stock units vested during the years ended December 31, 2015 , 2014 and 2013 was $9.0 million , $11.5 million and $6.1 million , respectively. For awards that vest based on a service condition only, the Company recognizes compensation cost of share-based awards as expense on a straight-line basis over the vesting period of the awards. Compensation cost of the performance-based awards is recognized as expense using the accelerated attribution method over the vesting periods of the awards. As of December 31, 2015 , the Company had unrecognized compensation expense of $10.5 million , before taxes, related to stock option awards and restricted shares. The unrecognized compensation expense is expected to be recognized over a total weighted average period of 1.7 years . The number of shares available for future grants for all Holdings' plans at December 31, 2015 is 590,033 .

Commitments, Contingencies and

Commitments, Contingencies and Litigation Judgment	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Litigation Judgment	Commitments, Contingencies and Litigation Judgment The Company is subject to various pending and threatened legal proceedings arising in the ordinary course of business. Although the Company cannot precisely predict the amount of any liability that may ultimately arise with respect to any of these matters, the Company records provisions when it considers the liability probable and reasonably estimable. Our provisions are based on historical experience and legal advice, reviewed quarterly and adjusted according to developments. Estimating probable losses requires the analysis of multiple forecasted factors that often depend on judgments about potential actions by third parties, such as regulators, courts, and state and federal legislatures. Changes in the amounts of our loss provisions, which can be material, affect our financial condition. Due to the inherent uncertainties in the process undertaken to estimate potential losses, we are unable to estimate an additional range of loss in excess of our accruals. While it is reasonably possible that such excess liabilities, if they were to occur, could be material to operating results in any given quarter or year of their recognition, we do not believe that it is reasonably possible that such excess liabilities would have a material adverse effect on our long-term results of operations, liquidity or consolidated financial position. Our subsidiaries are involved in a number of contractual and warranty related disputes. At this time, we cannot reasonably determine the probability of a loss, and the timing and amount of loss, if any, cannot be reasonably estimated. We believe that appropriate liabilities for these contingencies have been recorded; however, actual results may differ materially from our estimates. IPSCO Tubulars Inc. d/b/a TMK IPSCO sued Ajax Tocco Magnethermic Corporation ("ATM"), a subsidiary of Industries, in the United States District Court for the Eastern District of Arkansas claiming that equipment supplied by ATM for heat treating certain steel pipe at IPSCO’s Blytheville, Arkansas facility did not perform as required by the contract. The complaint alleged causes of action for breach of contract, gross negligence, and constructive fraud. IPSCO sought approximately $10 million in damages plus an unspecified amount of punitive damages. ATM denied the allegations. ATM subsequently obtained summary judgment on the constructive fraud claim, which was dismissed by the district court prior to trial. The remaining claims were the subject of a bench trial that occurred in May 2013. After IPSCO presented its case, the district court entered partial judgment in favor of ATM, dismissing the gross negligence claim, a portion of the breach of contract claim, and any claim for punitive damages. The trial proceeded with respect to the remainder of IPSCO’s claim for breach of contract. In September 2013, the district court issued a judgment in favor of IPSCO in the amount of $5.2 million , which the Company recognized and accrued for at that time. IPSCO subsequently filed a motion seeking to recover $3.8 million in attorneys’ fees and costs. The district court reserved ruling on that issue pending an appeal. In October 2013, ATM filed an appeal with the U.S. Court of Appeals for the Eighth Circuit seeking reversal of the judgment in favor of IPSCO. In November 2013, IPSCO filed a cross-appeal seeking reversal of the dismissal of its claim for gross negligence and punitive damages. The Eighth Circuit issued an opinion in March 2015 affirming in part, reversing in part, and remanding the case. It affirmed the district court's determination that ATM was liable for breach of contract. It also affirmed the district court's dismissal of IPSCO's claim for gross negligence and punitive damages. However, the Eighth Circuit reversed nearly all of the damages awarded by the district court and remanded for further findings on the issue of damages, including whether consequential damages are barred under the express language of the contract. Because IPSCO did not appeal the award of $5.2 million in its favor, those damages could be decreased, but could not be increased, on remand. On remand, the district court entered an order once again awarding IPSCO $5.2 million in damages. In December 2015, ATM filed a second appeal with the Eighth Circuit seeking reversal of the damages award. In March 2016, the district court issued an order granting, in part, IPSCO's motion for fees and costs and awarding $2.2 million to IPSCO. ATM expects to appeal that decision. In August 2013, the Company received a subpoena from the staff of the SEC in connection with the staff’s investigation of a third party. At that time, the Company also learned that the Department of Justice (“DOJ”) is conducting a criminal investigation of the third party. In connection with its initial response to the staff’s subpoena, the Company disclosed to the staff of the SEC that, in November 2007, the third party participated in a payment on behalf of the Company to a foreign tax official that implicates the Foreign Corrupt Practices Act (“FCPA”). The Board of Directors of the Company has formed a special committee to review the Company’s transactions with the third party and to make any recommendations to the Board of Directors with respect thereto. The Company intends to cooperate fully with the SEC and the DOJ in connection with their investigations of the third party and with the SEC in light of the Company’s disclosure. The Company is unable to predict the outcome or impact of the special committee’s investigation or the length, scope or results of the SEC’s review or the impact on its results of operations. Leases Future minimum lease commitments during each of the five years following December 31, 2015 and thereafter are as follows: (In millions) Capital Leases Operating leases 2016 $ 4.9 $ 14.5 2017 3.7 11.0 2018 3.6 7.6 2019 3.6 4.4 2020 3.0 2.9 Thereafter 5.1 Total minimum lease payments 18.8 $ 45.5 Amounts representing interest 1.1 Present value of minimum lease payments 17.7 Current maturities 4.4 Long-term capital lease obligation $ 13.3 Rental expense for 2015 , 2014 and 2013 was $19.7 million , $18.6 million and $17.6 million , respectively. Certain of the Company’s leases are with related parties at an annual rental expense of approximately $2.4 million . Transactions with related parties are not material to the Company’s financial position, results of operations or cash flows. During the year ended December 31, 2013, we entered into sales leaseback transactions for certain equipment. No gains or losses resulted from these transactions and the leases are being accounted for as operating leases. Assets recorded under capital leases are included in property, plant and equipment and consist of the following: December 31, 2015 Machinery and equipment $ 16.2 Less accumulated depreciation 0.5 $ 15.7 Amortization of machinery and equipment under capital leases is included in depreciation expense. Capital lease obligations of $17.7 million were borrowed from the $50.0 million Lease Agreement to acquire machinery and equipment during 2015.

Pensions and Postretirement Ben

Pensions and Postretirement Benefits	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Pensions and Postretirement Benefits	Pensions and Postretirement Benefits The Company and its subsidiaries have pension plans, principally noncontributory defined benefit or noncontributory defined contribution plans, covering substantially all employees. In addition, the Company has an unfunded postretirement benefit plan. In April 2011, the Company amended one of its plans to cover most U.S. employees not covered by collective bargaining agreements using a cash balance formula. Under a cash balance formula, a plan participant accumulates a retirement benefit consisting of pay credits that are based upon a percentage of current eligible earnings and current interest credits. For the remaining defined benefit plans, benefits are based on the employee’s years of service. For the defined contribution plans, the costs charged to operations and the amount funded are based upon a percentage of the covered employees’ compensation. The Company's objective for the pension plan is to monitor the funded ratio, create general investment goals in regards to acceptable risk and liquidity needs ensuring the long-term interests of participants and beneficiaries are considered and manage risk by minimizing the short-term and long-term risk of actual expenses and contribution requirements. The following tables set forth the change in benefit obligation, plan assets, funded status and amounts recognized in the consolidated balance sheet for the defined benefit pension and postretirement benefit plans as of December 31, 2015 and 2014 : Pension Benefits Postretirement Benefits 2015 2014 2015 2014 (In millions) Change in benefit obligation Benefit obligation at beginning of year $ 61.1 $ 52.1 $ 17.0 $ 16.2 Service cost 2.6 2.2 — — Interest cost 2.3 2.2 0.5 0.6 Actuarial (gains) losses (3.0 ) 8.8 (2.7 ) 1.9 Plan amendment — 0.4 — — Benefits and expenses paid, net of contributions (4.6 ) (4.6 ) (1.3 ) (1.7 ) Benefit obligation at end of year $ 58.4 $ 61.1 $ 13.5 $ 17.0 Change in plan assets Fair value of plan assets at beginning of year $ 125.7 $ 125.4 $ — $ — Actual return on plan assets (2.9 ) 5.8 — — Company contributions — — 1.3 1.7 Cash transfer to fund postretirement benefit payments (0.9 ) (0.9 ) — — Benefits and expenses paid, net of contributions (4.6 ) (4.6 ) (1.3 ) (1.7 ) Fair value of plan assets at end of year $ 117.3 $ 125.7 $ — $ — Funded (underfunded) status of the plans $ 58.9 $ 64.6 $ (13.5 ) $ (17.0 ) Amounts recognized in the consolidated balance sheets consist of: Pension Benefits Postretirement Benefits 2015 2014 2015 2014 (In millions) Noncurrent assets $ 58.9 $ 64.6 $ — $ — Noncurrent liabilities — — 12.1 15.4 Current liabilities — — 1.4 1.6 $ 58.9 $ 64.6 $ 13.5 $ 17.0 Amounts recognized in accumulated other comprehensive loss Net actuarial loss $ 25.2 $ 15.3 $ 4.4 $ 7.6 Net prior service cost (credit) 0.3 0.4 (0.3 ) (0.4 ) Accumulated other comprehensive loss $ 25.5 $ 15.7 $ 4.1 $ 7.2 As of December 31, 2015 and 2014 , the Company’s defined benefit pension plans did not hold a material amount of shares of Holdings' common stock. The pension plan weighted-average asset allocation at December 31, 2015 and 2014 and target allocation for 2016 are as follows: Plan Assets Target 2016 2015 2014 Asset Category Equity securities 45-75% 62.7 % 64.6 % Debt securities 20-40 25.4 % 27.9 % Other 0-20 11.9 % 7.5 % 100% 100 % 100 % The following table sets forth, by level within the fair value hierarchy, the pension plans assets: 2015 2014 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (In millions) Collective trust and pooled insurance funds: Common stock $ 38.3 $ 1.5 $ — $ 39.8 $ 45.6 $ 2.2 $ — $ 47.8 Equity Funds 29.1 — — 29.1 29.0 — — 29.0 Foreign Stock 5.7 — — 5.7 5.4 — — 5.4 U.S. Government obligations 7.4 — — 7.4 7.0 — — 7.0 Fixed income funds 14.6 — — 14.6 19.6 — — 19.6 Corporate Bonds 6.8 — — 6.8 7.5 — — 7.5 Cash and Cash Equivalents 1.2 — — 1.2 1.8 — — 1.8 Hedge funds — — 12.7 12.7 — — 7.6 7.6 $ 103.1 $ 1.5 $ 12.7 $ 117.3 $ 115.9 $ 2.2 $ 7.6 $ 125.7 The following table presents a reconciliation of Level 3 assets, as defined in Note 1, held during the years ended December 31, 2015 and 2014 . Balance at Beginning of Year Net Unrealized Gain Purchases Balance at End of Year (In millions) Hedge Funds: 2015 $ 7.6 $ 0.1 $ 5.0 $ 12.7 2014 $ 7.3 $ 0.3 $ — $ 7.6 The following tables summarize the assumptions used in the valuation of pension and postretirement benefit obligations at December 31, and to measure the net periodic benefit cost in the following year. Weighted-Average assumptions as of December 31, Pension Benefits Postretirement Benefits 2015 2014 2013 2015 2014 2013 Discount rate 4.13 % 3.82 % 4.51 % 3.80 % 3.60 % 4.21 % Expected return on plan assets 8.25 % 8.25 % 8.25 % N/A N/A N/A Rate of compensation increase 3.00 % 3.00 % 2.00 % N/A N/A N/A Medical health care benefits rate increase N/A N/A N/A 6.75 % 7.00 % 6.50 % Medical drug benefits rate increase N/A N/A N/A 6.75 % 7.00 % 6.50 % Ultimate health care cost trend rate N/A N/A N/A 5.00 % 5.00 % 5.00 % Year of ultimate trend rate N/A N/A N/A 2022 2022 2042 In determining its expected return on plan assets assumption for the year ended December 31, 2015 , the Company considered historical experience, its asset allocation, expected future long-term rates of return for each major asset class, and an assumed long-term inflation rate. Based on these factors, the Company derived an expected return on plan assets for the year ended December 31, 2015 of 8.25% . This assumption was supported by the asset return generation model, which projected future asset returns using simulation and asset class correlation. Pension Benefits Postretirement Benefits 2015 2014 2013 2015 2014 2013 (In millions) Components of net periodic benefit cost Service costs $ 2.6 $ 2.2 $ 2.6 $ — $ — $ 0.1 Interest costs 2.3 2.2 2.0 0.6 0.6 0.6 Expected return on plan assets (10.2 ) (10.1 ) (8.9 ) — — — Amortization of prior service cost (credit) — 0.1 — (0.1 ) (0.1 ) (0.1 ) Recognized net actuarial loss 0.3 — 0.8 0.5 0.5 0.7 Benefit (income) costs $ (5.0 ) $ (5.6 ) $ (3.5 ) $ 1.0 $ 1.0 $ 1.3 Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss AOCI at beginning of year $ 15.7 $ 2.2 $ 20.3 $ 7.2 $ 5.8 $ 7.6 Net loss (gain) arising during the year 10.1 13.1 (17.3 ) (2.7 ) 1.8 (1.2 ) Recognition of prior service credit — — — 0.1 0.1 0.1 Recognition of actuarial loss (0.3 ) 0.4 (0.8 ) (0.5 ) (0.5 ) (0.7 ) Total recognized in accumulated other comprehensive loss at end of year $ 25.5 $ 15.7 $ 2.2 $ 4.1 $ 7.2 $ 5.8 The estimated net loss, prior service cost and net transition obligation for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the year ending December 31, 2016 is $1.1 million . The estimated net loss and prior service cost for the postretirement plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the year ending December 31, 2016 is $ 0.3 million . Below is a table summarizing the Company’s expected future benefit payments and the expected payments due to Medicare subsidy over the next ten years: Postretirement Benefits Pension Benefits Gross Expected Medicare Subsidy Net including Medicare Subsidy (In millions) 2016 $ 4.2 $ 1.6 $ 0.1 $ 1.5 2017 4.5 1.5 0.1 1.4 2018 4.3 1.4 0.1 1.3 2019 4.3 1.3 0.1 1.2 2020 4.5 1.2 0.1 1.1 2021 to 2025 22.9 5.2 0.5 4.7 The Company has a postretirement benefit plan. Under the plan, health care benefits are provided on both a contributory and noncontributory basis. The assumed health care cost trend rate has a significant effect on the amounts reported. A one-percentage-point change in the assumed health care cost trend rate would have the following effects: 1-Percentage Point Increase 1-Percentage Point Decrease (In millions) Effect on total of service and interest cost components in 2015 $ — $ — Effect on postretirement benefit obligation as of December 31, 2015 $ 1.0 $ (0.9 ) The Company expects to make no contributions to its defined benefit plans in 2016 . In January 2008, a Supplemental Executive Retirement Plan (“SERP”) for the Company’s Chairman of the Board of Directors and Chief Executive Officer (“CEO”) was approved by the Compensation Committee of the Board of Directors of the Company. The SERP provides an annual supplemental retirement benefit for up to $0.4 million upon the CEO’s termination of employment with the Company. The vested retirement benefit will be equal to a percentage of the Supplemental Pension that is equal to the ratio of the sum of his credited service with the Company prior to January 1, 2008 (up to a maximum of thirteen years), and his credited service on or after January 1, 2008 (up to a maximum of seven years) to twenty years of credited service. In the event of a change in control before the CEO’s termination of employment, he will receive 100% of the Supplemental Pension. The Company recorded an expense of $0.6 million in 2015 , $0.5 million in 2014 and $0.5 million in 2013 related to the SERP. Additionally, a non-qualified defined contribution retirement benefit was also approved in which the Company will credit $0.1 million quarterly ( $0.4 million annually) for a seven -year period to an account in which the CEO will always be 100% vested. The seven-year period began on March 31, 2008.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The components of and changes in accumulated other comprehensive income (loss) for the years ended December 31, 2015 , 2014 , and 2013 were as follows: Cumulative Translation Adjustment Pension and Postretirement Benefits Total (In millions) Balance at January 1, 2013 $ 5.3 $ (12.2 ) $ (6.9 ) Foreign currency translation adjustments (a) (2.5 ) — (2.5 ) Pension and OPEB activity, net — 19.9 19.9 Tax adjustment (b) — (7.1 ) (7.1 ) Pension and OPEB activity, net of taxes — 12.8 12.8 Balance at December 31, 2013 2.8 0.6 3.4 Foreign currency translation adjustments (a) (7.9 ) — (7.9 ) Pension and OPEB activity, net — (14.9 ) (14.9 ) Tax adjustment (b) — 5.4 5.4 Pension and OPEB activity, net of taxes — (9.5 ) (9.5 ) Balance at December 31, 2014 (5.1 ) (8.9 ) (14.0 ) Foreign currency translation adjustments (a) (11.8 ) — (11.8 ) Pension and OPEB activity, net — (6.7 ) (6.7 ) Tax adjustment (b) — 2.5 2.5 Pension and OPEB activity, net of taxes — (4.2 ) (4.2 ) Balance at December 31, 2015 $ (16.9 ) $ (13.1 ) $ (30.0 ) (a) No income taxes are provided on foreign currency translation adjustments as foreign earnings are considered permanently invested. (b) The tax adjustments are reclassified out of accumulated other comprehensive income and included in income tax expense.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 1, 2016, the Company's Board of Directors declared a quarterly dividend of $0.125 per common share. The dividend was paid on February 29, 2016, to shareholders of record as of the close of business on February 15, 2016 and resulted in a cash outlay of approximately $1.5 million . As discussed in Note 12, on March 7, 2016 the United States District Court for the Eastern District of Arkansas issued an order granting, in part, IPSCO's motion for fees and costs and awarding $2.2 million to IPSCO, which the Company accrued for as of December 31, 2015. ATM expects to appeal that decision.

Supplemental Guarantor Informat

Supplemental Guarantor Information	12 Months Ended
	Dec. 31, 2015
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	Supplemental Guarantor Information Each of the material domestic direct and indirect wholly-owned subsidiaries of the Company (the “Guarantor Subsidiaries”) has fully and unconditionally guaranteed, on a joint and several basis, to pay principal, premium, and interest with respect to the Notes. Each of the Guarantor Subsidiaries is “100% owned,” as defined by Rule 3-10(h)(1) of Regulation S-X . The guarantee of a Guarantor Subsidiary will automatically terminate, and the obligations of such Guarantor Subsidiary under its guarantee of Notes will be released: (a) in the event of any sale or other disposition of all or substantially all of the assets or all of the capital stock of any Subsidiary Guarantor, by way of merger, consolidation or otherwise; (b) upon designation of any Subsidiary Guarantor as an “unrestricted subsidiary” (as defined in the indenture governing the Notes (the “Indenture”)); (c) upon defeasance or satisfaction and discharge of the Indenture; and (d) upon the release of such Subsidiary Guarantor's guarantees under all credit facilities of the Company (other than a release as a result of payment under or a discharge of such guarantee). Effective in the third quarter of 2013, SSP was released from its guarantee of the Notes in conjunction with its designation as an "Unrestricted Subsidiary" under the Indenture and the sale of 25% of its business. During the third quarter of 2013, all the outstanding equity interests of a non-core business unit in the Supply Technologies segment was sold and released as a guarantor of the Notes under customary conditions. As a result of the aforementioned releases from the guarantee of the Notes, all periods presented have been restated to reflect SSP and the disposed Supply Technologies business unit as non-guarantor subsidiaries. The following supplemental condensed consolidating financial statements present condensed consolidating balance sheets as of December 31, 2015 and December 31, 2014 , condensed consolidating statements of income for the years ended December 31, 2015 , 2014 and 2013 , condensed consolidating statements of cash flows for the years ended December 31, 2015 , 2014 and 2013 , and reclassification and elimination entries necessary to consolidate the Parent and all of its subsidiaries. The “Parent” reflected in the accompanying supplemental guarantor information is Park-Ohio Industries, Inc. Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Balance Sheet December 31, 2015 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Reclassifications/ Eliminations Consolidated (In millions) ASSETS Current assets: Cash and cash equivalents $ — $ 0.1 $ 48.3 $ — $ 48.4 Accounts receivable, net — 139.7 59.6 — 199.3 Inventories, net — 183.1 65.9 — 249.0 Unbilled contract revenue — 24.3 2.2 — 26.5 Receivable from affiliates — — 8.6 — 8.6 Other current assets 0.8 9.9 1.8 — 12.5 Total current assets 0.8 357.1 186.4 — 544.3 Investment in subsidiaries 495.4 173.5 — (668.9 ) — Intercompany advances 249.2 65.4 151.6 (466.2 ) — Net property, plant and equipment 6.7 112.2 35.2 — 154.1 Goodwill — 56.5 25.5 — 82.0 Intangible assets, net — 69.4 23.4 — 92.8 Other long-term assets 61.7 4.8 4.4 — 70.9 Total assets $ 813.8 $ 838.9 $ 426.5 $ (1,135.1 ) $ 944.1 LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities: Trade accounts payable $ — $ 91.5 $ 38.2 $ — $ 129.7 Payable to affiliates — — 6.6 — 6.6 Accrued expenses and other 15.2 58.6 21.5 — 95.3 Total current liabilities 15.2 150.1 66.3 — 231.6 Long-term liabilities, less current portion: Debt 435.1 14.6 0.6 — 450.3 Deferred tax liabilities — 17.1 4.3 — 21.4 Other postretirement benefits and other long-term liabilities 16.4 13.0 9.1 — 38.5 Total long-term liabilities 451.5 44.7 14.0 — 510.2 Intercompany advances 144.8 172.9 148.5 (466.2 ) — Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity 195.4 471.2 190.8 (662.0 ) 195.4 Noncontrolling interest 6.9 — 6.9 (6.9 ) 6.9 Total shareholder's equity 202.3 471.2 197.7 (668.9 ) 202.3 Total liabilities and shareholder’s equity $ 813.8 $ 838.9 $ 426.5 $ (1,135.1 ) $ 944.1 Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Balance Sheet December 31, 2014 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Reclassifications/ Eliminations Consolidated (In millions) ASSETS Current assets: Cash and cash equivalents $ — $ 3.8 $ 44.5 $ — $ 48.3 Accounts receivable, net — 148.3 59.7 — 208.0 Inventories, net — 176.2 62.2 — 238.4 Deferred tax assets — 27.4 0.7 — 28.1 Unbilled contract revenue — 18.1 8.7 — 26.8 Receivable from affiliates — — 0.5 — 0.5 Other current assets 1.6 14.9 5.5 — 22.0 Total current assets 1.6 388.7 181.8 — 572.1 Investment in subsidiaries 451.8 162.6 — (614.4 ) — Intercompany advances 249.5 86.0 161.2 (496.7 ) — Net property, plant and equipment 7.1 101.2 32.7 — 141.0 Goodwill — 56.6 32.9 — 89.5 Intangible assets, net — 74.6 13.5 — 88.1 Other long-term assets 68.0 1.8 3.4 — 73.2 Total assets $ 778.0 $ 871.5 $ 425.5 $ (1,111.1 ) $ 963.9 LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities: Trade accounts payable $ 2.2 $ 120.4 $ 39.5 $ — $ 162.1 Payable to affiliates — — 1.8 — 1.8 Accrued expenses and other 18.0 52.1 33.6 — 103.7 Total current liabilities 20.2 172.5 74.9 — 267.6 Long-term liabilities, less current portion: Debt 432.2 2.0 0.2 — 434.4 Deferred tax liabilities — 41.6 2.3 — 43.9 Other postretirement benefits and other long-term liabilities 25.1 9.0 6.0 — 40.1 Total long-term liabilities 457.3 52.6 8.5 — 518.4 Intercompany advances 122.6 214.2 159.9 (496.7 ) — Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity 171.6 432.2 175.9 (608.1 ) 171.6 Noncontrolling interest 6.3 — 6.3 (6.3 ) 6.3 Total shareholder's equity 177.9 432.2 182.2 (614.4 ) 177.9 Total liabilities and shareholder’s equity $ 778.0 $ 871.5 $ 425.5 $ (1,111.1 ) $ 963.9 Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Statement of Income Year Ended December 31, 2015 Parent Combined Combined Eliminations Consolidated (In millions) Net sales $ — $ 1,135.5 $ 328.3 $ — $ 1,463.8 Cost of sales — 967.6 261.0 — 1,228.6 Gross profit — 167.9 67.3 — 235.2 Selling, general and administrative expenses 28.6 70.6 35.2 — 134.4 Litigation judgment and settlement costs 2.2 — — — 2.2 Income (loss) from subsidiaries 106.6 20.6 — (127.2 ) — Operating income (loss) 75.8 117.9 32.1 (127.2 ) 98.6 Interest expense 26.6 — 1.3 — 27.9 Income (loss) from continuing operations before income taxes 49.2 117.9 30.8 (127.2 ) 70.7 Income tax expense — 14.7 6.8 — 21.5 Net income (loss) 49.2 103.2 24.0 (127.2 ) 49.2 Net (income) loss attributable to noncontrolling interest (0.6 ) — (0.6 ) 0.6 (0.6 ) Net income (loss) attributable to ParkOhio common shareholder $ 48.6 $ 103.2 $ 23.4 $ (126.6 ) $ 48.6 Other comprehensive income (loss) (see note 14): Foreign currency translation adjustments $ (11.8 ) $ — $ (11.8 ) $ 11.8 $ (11.8 ) Recognition of actuarial loss (gain), net of tax (4.2 ) (4.2 ) — 4.2 (4.2 ) Comprehensive income (loss), net of tax 33.2 99.0 12.2 (111.2 ) 33.2 Comprehensive (income) loss attributable to noncontrolling interest (0.6 ) — (0.6 ) 0.6 (0.6 ) Comprehensive income (loss) attributable to ParkOhio common shareholder $ 32.6 $ 99.0 $ 11.6 $ (110.6 ) $ 32.6 Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Statement of Income Year Ended December 31, 2014 Parent Combined Combined Eliminations Consolidated (In millions) Net sales $ — $ 1,103.0 $ 275.7 $ — $ 1,378.7 Cost of sales — 928.7 215.5 — 1,144.2 Gross profit — 174.3 60.2 — 234.5 Selling, general and administrative expenses 26.2 74.7 34.7 — 135.6 Litigation judgment and settlement costs — — — — — Income (loss) from subsidiaries 99.5 15.5 — (115.0 ) — Operating income (loss) 73.3 115.1 25.5 (115.0 ) 98.9 Gain on acquisition of business — — — — — Interest expense 25.7 — 0.4 — 26.1 Income (loss) from continuing operations before income taxes 47.6 115.1 25.1 (115.0 ) 72.8 Income tax expense — 17.4 7.8 — 25.2 Net income (loss) 47.6 97.7 17.3 (115.0 ) 47.6 Income (loss) from discontinued operations, net of taxes — — — — — Net income (loss) 47.6 97.7 17.3 (115.0 ) 47.6 Net income attributable to noncontrolling interest (1.3 ) — (1.3 ) 1.3 (1.3 ) Net income (loss) attributable to ParkOhio common shareholder $ 46.3 $ 97.7 $ 16.0 $ (113.7 ) $ 46.3 Other comprehensive income (loss) (see note 14): Foreign currency translation adjustments $ (7.9 ) $ — $ (7.9 ) $ 7.9 $ (7.9 ) Recognition of actuarial loss (gain), net of tax (9.5 ) (9.5 ) — 9.5 (9.5 ) Comprehensive income (loss), net of tax 30.2 88.2 9.4 (97.6 ) 30.2 Comprehensive income attributable to noncontrolling interest (1.3 ) — (1.3 ) 1.3 (1.3 ) Comprehensive income (loss) attributable to ParkOhio common shareholder $ 28.9 $ 88.2 $ 8.1 $ (96.3 ) $ 28.9 Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Statement of Income Year Ended December 31, 2013 Parent Combined Combined Eliminations Consolidated (In millions) Net sales $ — $ 989.0 $ 214.2 $ — $ 1,203.2 Cost of sales — 819.7 172.5 — 992.2 Gross profit — 169.3 41.7 — 211.0 Selling, general and administrative expenses 20.9 72.7 25.9 — 119.5 Litigation judgment and settlement costs — 5.2 — — 5.2 Income (loss) from subsidiaries 88.2 9.4 — (97.6 ) — Operating income (loss) 67.3 100.8 15.8 (97.6 ) 86.3 Gain on acquisition of business — (0.6 ) — — (0.6 ) Interest expense 25.9 0.1 (0.1 ) — 25.9 Income (loss) from continuing operations before income taxes 41.4 101.3 15.9 (97.6 ) 61.0 Income tax expense (benefit) — 16.3 3.3 — 19.6 Net income (loss) from continuing operations 41.4 85.0 12.6 (97.6 ) 41.4 Income (loss) from discontinued operations, net of taxes 3.0 — 3.0 (3.0 ) 3.0 Net income (loss) 44.4 85.0 15.6 (100.6 ) 44.4 Net income attributable to noncontrolling interest (0.5 ) — (0.5 ) 0.5 (0.5 ) Net income (loss) attributable to ParkOhio common shareholder $ 43.9 $ 85.0 $ 15.1 $ (100.1 ) $ 43.9 Other comprehensive income (loss) (see note 14): Foreign currency translation adjustments $ (2.5 ) $ — $ (2.5 ) $ 2.5 $ (2.5 ) Recognition of actuarial (loss) gain, net of tax 12.8 12.8 — (12.8 ) 12.8 Comprehensive income (loss), net of tax 54.7 97.8 13.1 (110.9 ) 54.7 Comprehensive income attributable to noncontrolling interest (0.5 ) — (0.5 ) 0.5 (0.5 ) Comprehensive income (loss) attributable to ParkOhio common shareholder $ 54.2 $ 97.8 $ 12.6 $ (110.4 ) $ 54.2 Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Statement of Cash Flows Year Ended December 31, 2015 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) OPERATING ACTIVITIES Net cash provided (used) by operating activities $ (36.4 ) $ 82.0 $ 33.2 $ (41.6 ) $ 37.2 INVESTING ACTIVITIES Purchases of property, plant and equipment — (29.6 ) (6.9 ) — (36.5 ) Net cash used by investing activities — (29.6 ) (6.9 ) — (36.5 ) FINANCING ACTIVITIES Intercompany account change 45.6 (69.0 ) (18.2 ) 41.6 — Proceeds from term loans and other debt 2.3 — — — 2.3 Payments on term loans and other debt (3.3 ) 1.1 (1.4 ) — (3.6 ) Proceeds from revolving credit facility 7.9 — — — 7.9 Proceeds from capital lease credit facility, net — 11.8 2.0 — 13.8 Dividends paid to parent (17.0 ) — — — (17.0 ) Income tax effect of share-based compensation exercises and vesting 0.9 — — — 0.9 Net cash (used) provided by financing activities 36.4 (56.1 ) (17.6 ) 41.6 4.3 Effect of exchange rate changes on cash — — (4.9 ) — (4.9 ) Increase in cash and cash equivalents — (3.7 ) 3.8 — 0.1 Cash and cash equivalents at beginning of period — 3.8 44.5 — 48.3 Cash and cash equivalents at end of period $ — $ 0.1 $ 48.3 $ — $ 48.4 Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Statement of Cash Flows Year Ended December 31, 2014 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) OPERATING ACTIVITIES Net cash provided (used) by operating activities $ (21.2 ) $ 89.8 $ 14.4 $ (27.1 ) $ 55.9 INVESTING ACTIVITIES Purchases of property, plant and equipment (0.2 ) (8.3 ) (17.3 ) — (25.8 ) Proceeds from sale of assets — 2.1 — — 2.1 Business acquisition, net of cash acquired — (47.5 ) (25.2 ) — (72.7 ) Net cash (used) provided by investing activities (0.2 ) (53.7 ) (42.5 ) — (96.4 ) FINANCING ACTIVITIES Intercompany account change (30.7 ) (32.4 ) 36.0 27.1 — Proceeds from term loans and other debt 14.1 — 0.1 — 14.2 Payments on term loans and other debt (3.6 ) (0.6 ) (2.4 ) — (6.6 ) Proceeds from revolving credit facility 50.3 — — — 50.3 Dividends to parent (10.0 ) — — — (10.0 ) Income tax effect of share-based compensation exercises and vesting 1.3 — — — 1.3 Other — — (1.3 ) — (1.3 ) Net cash provided (used) by financing activities 21.4 (33.0 ) 32.4 27.1 47.9 Effect of exchange rate changes on cash — — (2.8 ) — (2.8 ) Increase in cash and cash equivalents — 3.1 1.5 — 4.6 Cash and cash equivalents at beginning of period — 0.7 43.0 — 43.7 Cash and cash equivalents at end of period $ — $ 3.8 $ 44.5 $ — $ 48.3 Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Statement of Cash Flows Year Ended December 31, 2013 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) OPERATING ACTIVITIES Net cash provided (used) by operating activities $ (38.1 ) $ 81.8 $ 19.9 $ (3.9 ) $ 59.7 INVESTING ACTIVITIES Purchases of property, plant and equipment (1.0 ) (23.8 ) (5.0 ) — (29.8 ) Proceeds from sale and leaseback transactions — 7.4 — — 7.4 Proceeds from sale of assets 13.5 0.7 13.5 (13.5 ) 14.2 Proceeds from the bond redemption — (21.6 ) (24.2 ) — (45.8 ) Net cash (used) provided by investing activities 12.5 (37.3 ) (15.7 ) (13.5 ) (54.0 ) FINANCING ACTIVITIES Intercompany account change 30.3 (43.6 ) (4.1 ) 17.4 — Proceeds from term loans and other debt — — — — — Payments on term loans and other debt (3.6 ) (0.4 ) (0.2 ) — (4.2 ) Proceeds from revolving credit facility 9.1 — — — 9.1 Dividends to parent (10.7 ) — — — (10.7 ) Income tax effect of share-based compensation exercises and vesting 0.5 — — — 0.5 Net cash provided (used) by financing activities 25.6 (44.0 ) (4.3 ) 17.4 (5.3 ) Effect of exchange rate changes on cash — — 0.9 — 0.9 Increase (decrease) in cash and cash equivalents — 0.5 0.8 — 1.3 Cash and cash equivalents at beginning of period — 0.2 42.2 — 42.4 Cash and cash equivalents at end of period $ — $ 0.7 $ 43.0 $ — $ 43.7

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Dec. 31, 2015
Valuation and Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts and Reserves	Schedule II Park-Ohio Industries, Inc. and Subsidiaries Schedule II — Valuation and Qualifying Accounts and Reserves Description Balance at Beginning of Period Charged to Costs and Expenses Deductions and Other Balance at End of Period (In millions) Year Ended December 31, 2015: Allowances deducted from assets: Trade receivable allowances $ 4.1 $ 0.4 $ (1.2 ) (A) $ 3.3 Inventory obsolescence reserve 29.9 4.2 (5.1 ) (B) 29.0 Tax valuation allowances 7.1 (0.7 ) (1.6 ) (C) 4.8 Year Ended December 31, 2014: Allowances deducted from assets: Trade receivable allowances $ 3.7 $ 0.3 $ 0.1 (A) $ 4.1 Inventory obsolescence reserve 28.4 8.4 (6.9 ) (B) 29.9 Tax valuation allowances 2.6 (1.1 ) 5.6 (C) 7.1 Year Ended December 31, 2013: Allowances deducted from assets: Trade receivable allowances $ 3.5 $ 1.8 $ (1.6 ) (A) $ 3.7 Inventory obsolescence reserve 27.2 9.4 (8.2 ) (B) 28.4 Tax valuation allowances 4.2 (1.6 ) — 2.6 Note (A)- Uncollectable accounts written off, net of recoveries. Note (B)- Amounts written off, net of acquired reserves. Note (C)- Amounts accounted for under the acquisition method of accounting.

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Consolidation and Basis of Presentation	Consolidation and Basis of Presentation: The consolidated financial statements include the accounts of the Company and all of its majority-owned subsidiaries. The Company is a wholly-owned subsidiary of Park-Ohio Holdings Corp. All intercompany accounts and transactions have been eliminated upon consolidation. The Company does not have off-balance sheet arrangements or financings with unconsolidated entities or other persons. The Company leases certain real properties owned by related parties as described in Note 12. Transactions with related parties are not material to the Company’s financial position, results of operations or cash flows.
Accounting Estimates	Accounting Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash Equivalents	Cash Equivalents: The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.
Inventories	Inventories: Inventories are stated at the lower of first-in, first-out (“FIFO”) cost or market value.
Property, Plant and Equipment	Property, Plant and Equipment: Property, plant and equipment are carried at cost. Additions and improvements that extend the lives of assets are capitalized and expenditures for repairs and maintenance are charged to operations as incurred. Depreciation and amortization of fixed assets, including capital leases, is computed principally by the straight-line method based on the estimated useful lives of the assets ranging from five to 40 years for buildings, and one to 20 years for machinery and equipment.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets: We assess the recoverability of long-lived assets (excluding goodwill) and identifiable acquired intangible assets with finite useful lives, whenever impairment indicators exists. When impairment indicators exist, we measure the recoverability of assets to be held and used by a comparison of the carrying amount of the asset to the expected net future undiscounted cash flows to be generated by that asset. The amount of impairment of identifiable intangible assets with finite useful lives, if any, to be recognized is measured based on projected discounted future cash flows. We measure the amount of impairment of other long-lived assets (excluding goodwill) as the amount by which the carrying value of the asset exceeds the fair value of the asset, which is generally determined, based on projected discounted future cash flows or appraised values. We classify long-lived assets to be disposed of other than by sale as held and used until they are disposed.
Goodwill and Indefinite-Lived Assets	Goodwill and Indefinite-Lived Assets: In accordance with Accounting Standards Codification (“ASC”) 350, “ Intangibles — Goodwill and Other ” (“ASC 350”), the Company does not amortize goodwill or indefinite-lived intangible assets recorded in connection with business acquisitions. Goodwill and indefinite life intangible assets are tested annually for impairment as of October 1, or whenever events or changes in circumstances indicate there may be an indicator of impairment in accordance with ASC 350 . Goodwill is tested for impairment at the reporting unit level and is based on the net assets for each reporting unit, including goodwill and intangible assets, compared to the fair value. Our reporting units have been identified at the component level. In accordance with Accounting Standard Update (“ASU”) 2011-08, an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step quantitative impairment test is unnecessary. In assessing the qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, we identify and assess relevant drivers of fair value and events and circumstances that may impact the fair value and the carrying amount of the reporting unit. The identification of relevant events and circumstances and how these may impact a reporting unit’s fair value or carrying amount involve significant judgments and assumptions. The judgments and assumptions include the identification of macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, Company-specific events and share price trends, and the assessment of whether each relevant factor will impact the impairment test positively or negatively and the magnitude of any such impact. If our qualitative assessment concludes that it is more likely than not that a reporting unit's fair value is less than its carrying amount then a quantitative assessment is required. In a quantitative assessment, we use an income approach and other valuation techniques to estimate the fair value of our reporting units. Absent an indication of fair value from a potential buyer or similar specific transactions, we believe that using this methodology provides reasonable estimates of a reporting unit’s fair value. The income approach is based on projected future debt-free cash flow that is discounted to present value using factors that consider the timing and risk of the future cash flows. We believe that this approach is appropriate because it provides a fair value estimate based upon the reporting unit’s expected long-term operating and cash flow performance. This approach also mitigates most of the impact of cyclical downturns that occur in the reporting unit’s industry. The income approach is based on a reporting unit’s projection of operating results and cash flows that is discounted using a weighted-average cost of capital. The projection is based upon our best estimates of projected economic and market conditions over the related period including growth rates, estimates of future expected changes in operating margins and cash expenditures. Other significant estimates and assumptions include terminal value growth rates, terminal value margin rates, future capital expenditures and changes in future working capital requirements based on management projections. There are inherent uncertainties, however, related to these factors and to our judgment in applying them to this analysis. Nonetheless, we believe that this method provides a reasonable approach to estimate the fair value of our reporting units. The Company completed its annual goodwill impairment test using quantitative or qualitative assessments for each year presented and confirmed no reporting unit was at risk of failing the impairment test for any periods presented herein. Indefinite life intangible assets are tested annually for impairment as of October 1, or whenever events or changes in circumstances indicate there may be a possible permanent loss of value in accordance with ASC 350. In accordance with ASU 2011-08, an entity may elect to first assess qualitative factors to determine whether it is more likely than not that the fair value of the indefinite-lived intangible is less than its carrying value. The Company completed its annual indefinite-lived intangible impairment assessment. As a result of this analysis, we concluded that no impairment existed.
Fair Values of Financial Instruments	Fair Values of Financial Instruments: Certain financial instruments are required to be recorded at fair value. The Company measures financial assets and liabilities at fair value in three levels of inputs. The three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is: Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 — Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. Changes in assumptions or estimation methods could affect the fair value estimates; however, we do not believe any such changes would have a material impact on our financial condition, results of operations or cash flows. The carrying value of cash and cash equivalents, accounts receivable, accounts payable and borrowings under the Credit Agreement (as defined in Note 9) approximate fair value at December 31, 2015 and December 31, 2014 because of the short-term nature of these instruments. The fair values of long-term debt and pension plan assets are disclosed in Note 9 and Note 13, respectively. The Company has not changed its valuation techniques for measuring fair value during 2015 , and there were no transfers between levels during the periods presented.
Income Taxes	Income Taxes: The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are determined based on temporary differences between the financial reporting and the tax bases of assets and liabilities and are measured using the current enacted tax rates. In determining these amounts, management determined the probability of realizing deferred tax assets, taking into consideration factors including historical operating results, cumulative earnings and losses, expectations of future earnings, taxable income and the extended period of time over which the postretirement benefits will be paid and accordingly records valuation allowances if, based on the weight of available evidence it is more likely than not that some portion or all of our deferred tax assets will not be realized as required by ASC 740, “Income Taxes” (“ASC 740”).
Share-Based Compensation	Share-Based Compensation: The Company follows the provisions of ASC 718, “Compensation — Stock Compensation” (“ASC 718”), which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their grant date fair values. Compensation expense for awards with service conditions only that are subject to graded vesting is recognized on a straight-line basis over the term of the vesting period. Park-Ohio Holdings Corp. (“Holdings”)grants share-based compensation awards to Industries' employees. In accordance with ASC 718, such costs are allocated to Industries. Under the provisions of the Company’s 2015 Equity and Incentive Compensation Plan (“2015 Plan”), which is administered by the Compensation Committee of Holdings' Board of Directors, incentive stock options, non-statutory stock options, stock appreciation rights (“SARs”), restricted share units, performance shares or stock awards may be awarded to directors and all employees of the Company and its subsidiaries. The 2015 Plan replaces in its entirety the 1998 Long-Term Incentive Plan, as amended (“1998 Plan”), but shares that remained available under the 1998 Plan were added to the aggregate share limit under that 2015 Plan. Stock options will be exercisable in whole or in installments as may be determined provided that no options will be exercisable more than ten years from date of grant. The exercise price will be the fair value at the date of grant. The aggregate number of shares of Holdings' common stock that may be awarded under the 2015 Plan is 650,000 , plus the 106,806 shares that remained available for award under the 1998 Plan, all of which may be incentive stock options. No more than 400,000 shares shall be the subject of awards to any individual participant in any one calendar year.
Revenue Recognition	Revenue Recognition: The Company recognizes revenue, other than from long-term contracts, when title is transferred to the customer, typically upon shipment. Revenue from long-term contracts (approximately 4% of consolidated revenue) is accounted for under the percentage of completion method, and recognized on the basis of the percentage each contract’s cost to date bears to the total estimated contract cost. We follow this method since reasonably dependable estimates of revenue and costs of a contract can be made. Revenue earned on contracts in process that are in excess of billings, is classified in unbilled contract revenues in the accompanying consolidated balance sheets. Billings that are in excess of revenues earned on contracts in process are classified in accrued expenses in the accompanying balance sheets.
Cost of Sales	Cost of Sales : Cost of sales is primarily comprised of direct materials and supplies consumed in the manufacture of product, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of sales also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity.
Shipping and Handling Costs	Shipping and Handling Costs: All shipping and handling costs are included in cost of sales in the Consolidated Statements of Income.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts: Accounts receivable are recorded at net realizable value. Accounts receivable are reduced by an allowance for amounts that may become uncollectable in the future. The Company’s policy is to identify and reserve for specific collectability concerns based on customers’ financial condition and payment history, as well as a general reserve based on historical trends and other information. During 2015 and 2014 , we sold approximately $118.5 million and $95.0 million , respectively, of accounts receivable to mitigate accounts receivable concentration risk and to provide additional financing capacity. In compliance with ASC 860, “Transfers and Servicing”, sales of accounts receivable are reflected as a reduction of accounts receivable in the Consolidated Balance Sheets and the proceeds are included in the cash flows from operating activities in the Consolidated Statements of Cash flows. In 2015 and 2014 , an expense in the amount of $0.6 million and $0.5 million , respectively, related to the discount on sale of accounts receivable is recorded in the Consolidated Statements of Income.
Concentration of Credit Risk	Concentration of Credit Risk: The Company sells its products to customers in diversified industries. The Company performs ongoing credit evaluations of its customers’ financial condition but does not require collateral to support customer receivables. The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.
Environmental	Environmental: The Company accrues environmental costs related to existing conditions resulting from past or current operations and from which no current or future benefit is discernible. Costs that extend the life of the related property or mitigate or prevent future environmental contamination are capitalized. The Company records a liability when environmental assessments and/or remedial efforts are probable and can be reasonably estimated. The estimated liability of the Company is not reduced for possible recoveries from insurance carriers and is undiscounted.
Legal Contingencies	Legal Contingencies: We are involved in a variety of claims, suits, investigations and administrative proceedings with respect to commercial, premises liability, product liability, employment and environmental matters arising from the ordinary course of business. We accrue reserves for legal contingencies, on an undiscounted basis, when it is probable that we have incurred a liability and we can reasonably estimate an amount. When a single amount cannot be reasonably estimated, but the cost can be estimated within a range and when no amount within the range is a better estimate than any other amount, we accrue the minimum amount in the range. Based upon facts and information currently available, we believe the amounts reserved are adequate for such pending matters. We monitor the development of legal proceedings on a regular basis and will adjust our reserves when, and to the extent, additional information becomes available.
Foreign Currency Translation	Foreign Currency Translation: The functional currency for a majority of subsidiaries outside the United States is the local currency. Financial statements for these subsidiaries are translated into U.S. dollars at year-end exchange rates for assets and liabilities and weighted-average exchange rates for revenues and expenses. The resulting translation adjustments are recorded in accumulated comprehensive income (loss) in shareholder's equity.
Recent Accounting Pronouncements Adopted and Not Yet Adopted	Accounting Pronouncements Adopted In November 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes,” the adoption of which is reflected in the accompanying Consolidated Balance Sheets. The provisions were adopted on a prospective basis. Based on the new accounting guidance, all deferred tax amounts are classified as long-term in 2015. Recent Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606),” which was the result of a joint project by the FASB and International Accounting Standards Board to clarify the principles for recognizing revenue and to develop a common revenue standard for U.S. generally accepted accounting principles and International Financial Reporting Standards. The issuance of a comprehensive and converged standard on revenue recognition is expected to enable financial statement users to better understand and consistently analyze an entity’s revenue across industries, transactions, and geographies. The ASU will require additional disclosures to help financial statement users better understand the nature, amount, timing, and potential uncertainty of the revenue that is recognized. The ASU is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The ASU will require either retrospective application to each prior reporting period presented or retrospective application with the cumulative effect of initially applying the standard recognized at the date of adoption. The Company is currently evaluating the impact of adopting this guidance. In April 2015, the FASB issued ASU 2015-03, "Interest-Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs." The amendment requires an entity to present debt issuance costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the debt issuance costs will continue to be reported as interest expense. In August 2015, the FASB issued an amendment to this standard to address line of credit arrangements, which would allow an entity to present debt issuance costs as an asset and subsequently amortize the debt issuance costs ratably over the term of the line of credit arrangement. This ASU is effective for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. The new guidance will be applied retrospectively to each prior period presented. The new guidance will only impact the presentation of the Company's financial position and is not expected to materially affect the Company's results of operations or other financial statement disclosures. In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory." The amendment requires an entity to measure inventory within the scope of this update at the lower of cost and net realizable value. This ASU is effective for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years. Early adoption is permitted. The new guidance will be applied prospectively. The Company is currently evaluating the impact of adopting this guidance. In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." The amendments in this update require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. This ASU is effective for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. The new guidance will be applied prospectively, and the impact of adoption will be dependent on the nature of measurement period adjustments that may be necessary. In January 2016, the FASB issued ASU 2016-1, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." The amendments in this update address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The Board also is addressing measurement of credit losses on financial assets in a separate project. This ASU is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. Early adoption is not permitted. The new guidance will be applied prospectively. The Company is currently evaluating the impact of adopting this guidance. In February 2016, the FASB issued ASU 2016-02 “Leases (Topic 842).” The amendment establishes a comprehensive new lease accounting model. The new standard: (a) clarifies the definition of a lease; (b) requires a dual approach to lease classification similar to current lease classifications; and (c) causes lessees to recognize leases on the balance sheet as a lease liability with a corresponding right-of-use asset for leases with a lease-term of more than twelve months. This ASU is effective for interim and annual periods beginning after December 15, 2018. Early adoption is permitted. The new standard requires a modified retrospective transition for capital or operating leases existing at or entered into after the beginning of the earliest comparative period presented in the financial statements, but it does not require transition accounting for leases that expire prior to the date of initial application. The Company is currently evaluating the impact of adopting this guidance.

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Major classes of inventories	Inventories are stated at the lower of first-in, first-out (“FIFO”) cost or market value. Major Classes of Inventories December 31, 2015 December 31, 2014 (In millions) Finished goods $ 147.5 $ 146.0 Work in process 37.4 19.8 Raw materials and supplies 64.1 72.6 Inventories, net $ 249.0 $ 238.4 Other inventory items Inventory reserves $ 29.0 $ 29.9 Consigned Inventory $ 10.3 $ 7.8
Schedule of property, plant and equipment	The following table summarizes property, plant and equipment at December 31, 2015 and December 31, 2014 : December 31, December 31, (In millions) Property, plant and equipment: Land and land improvements $ 8.5 $ 7.1 Buildings 65.3 70.9 Machinery and equipment 309.5 287.8 Leased property under capital leases 16.2 0.9 Total property, plant and equipment 399.5 366.7 Less accumulated depreciation 245.4 225.7 Net property, plant and equipment $ 154.1 $ 141.0
Schedule of depreciation expense	Information regarding depreciation expense of property, plant and equipment follows: Year Ended December 31, 2015 2014 2013 (In millions) Depreciation expense $ 21.5 $ 17.6 $ 15.0

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Results by business segment	Results by reportable segment were as follows: Year Ended December 31, 2015 2014 2013 (In millions) Net sales: Supply Technologies $ 578.7 $ 559.6 $ 471.9 Assembly Components 569.2 490.5 412.8 Engineered Products 315.9 328.6 318.5 $ 1,463.8 $ 1,378.7 $ 1,203.2 Segment operating income: Supply Technologies $ 50.3 $ 42.5 $ 35.0 Assembly Components 57.9 42.0 31.8 Engineered Products 20.9 42.7 47.1 Total segment operating income 129.1 127.2 113.9 Corporate costs (28.3 ) (28.3 ) (22.4 ) Litigation judgment and settlement costs (2.2 ) — (5.2 ) Gain on acquisition of business — — 0.6 Interest expense (27.9 ) (26.1 ) (25.9 ) Income from continuing operations before income taxes $ 70.7 $ 72.8 $ 61.0 Year Ended December 31, 2015 2014 2013 (In millions) Identifiable assets: Supply Technologies $ 276.3 $ 277.6 $ 241.7 Assembly Components 344.8 340.5 276.7 Engineered Products 243.1 246.9 183.1 General corporate 79.9 98.9 105.9 $ 944.1 $ 963.9 $ 807.4 Depreciation and amortization expense: Supply Technologies $ 4.7 $ 4.5 $ 3.0 Assembly Components 18.6 14.2 11.6 Engineered Products 4.2 3.3 3.4 General corporate 0.4 0.4 0.5 $ 27.9 $ 22.4 $ 18.5 Capital expenditures: Supply Technologies $ 3.7 $ 5.8 $ 3.8 Assembly Components 27.3 14.0 21.5 Engineered Products 5.5 2.4 3.6 General corporate — 1.5 0.9 $ 36.5 $ 23.7 $ 29.8 The percentage of net sales by product line included in each segment was as follows: Year Ended December 31, 2015 2014 2013 Supply Technologies: Supply Technologies 87 % 88 % 87 % Engineered specialty products 13 % 12 % 13 % 100 % 100 % 100 % Assembly Components: Fluid routing 50 % 49 % 54 % Aluminum products 41 % 43 % 37 % Rubber and plastics 7 % 6 % 7 % Screw products 2 % 2 % 2 % 100 % 100 % 100 % Engineered Products: Industrial equipment business 81 % 78 % 77 % Forged and machined products 19 % 22 % 23 % 100 % 100 % 100 % The Company’s approximate percentage of net sales by geographic region was as follows: Year Ended December 31, 2015 2014 2013 United States 72 % 74 % 74 % Asia 8 % 6 % 6 % Europe 7 % 6 % 5 % Canada 6 % 7 % 8 % Mexico 6 % 5 % 5 % Other 1 % 2 % 2 % 100 % 100 % 100 %

Dispositions (Tables)

Dispositions (Tables)	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Select financial information included in discontinued operations	The financial position of the discontinued operation was not significant. Select financial information included in discontinued operations were as follows: Year Ended December 31, 2013 (In millions) Net sales $ 5.2 Loss from discontinued operations before tax $ (1.3 ) Income tax benefit from operations 0.5 Net loss from discontinued operations (0.8 ) Gain on sale of business before tax 5.3 Income tax expense from gain on sale of business (1.5 ) Net gain on sale of business 3.8 Income from discontinued operations, net of taxes $ 3.0

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2015 , 2014 , and 2013 were as follows: Supply Technologies Assembly Components Engineered Products Total (In millions) Balance at January 1, 2013 $ — $ 44.8 $ 4.9 $ 49.7 Acquisitions 6.2 4.2 — 10.4 Foreign currency translation 0.2 — 0.1 0.3 Balance at December 31, 2013 6.4 49.0 5.0 60.4 Acquisitions 0.7 5.0 23.2 28.9 Foreign currency translation 0.5 — (0.3 ) 0.2 Balance at December 31, 2014 7.6 54.0 27.9 89.5 Acquisitions — 0.1 (6.3 ) (6.2 ) Foreign currency translation (0.4 ) — (0.9 ) (1.3 ) Balance at December 31, 2015 $ 7.2 $ 54.1 $ 20.7 $ 82.0

Other Intangible Assets (Tables

Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of other intangible assets	Information regarding other intangible assets as of December 31, 2015 and December 31, 2014 follows: December 31, 2015 December 31, 2014 Weighted Average Useful Life Acquisition Accumulated Net Acquisition Accumulated Net (In millions) Non-contractual customer relationships 12.0 years $ 76.0 $ 18.5 $ 57.5 $ 77.3 $ 13.2 $ 64.1 Indefinite-lived tradenames * 18.7 * 18.7 14.0 * 14.0 Technology 18.9 years 15.9 0.9 15.0 8.2 0.1 8.1 Other 8.7 years 4.1 2.5 1.6 4.1 2.2 1.9 Total $ 114.7 $ 21.9 $ 92.8 $ 103.6 $ 15.5 $ 88.1 * Not meaningful, tradenames have an indefinite life.
Schedule of amortization of intangible assets	Information regarding amortization expense of other intangible assets follows: Year Ended December 31, 2015 2014 2013 (In millions) Amortization expense $ 6.4 $ 4.8 $ 3.5
Amortization for the next five years	Amortization expense for the five years subsequent to December 31, 2015 follows: (In millions) 2016 $ 6.3 2017 $ 6.2 2018 $ 6.1 2019 $ 5.6 2020 $ 5.5

Other Long-Term Assets (Tables)

Other Long-Term Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other long-term assets	Other assets consist of the following: December 31, 2015 2014 (In millions) Pension assets $ 58.9 $ 64.6 Deferred financing costs, net 4.5 5.1 Other 7.5 3.5 Total $ 70.9 $ 73.2

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Accrued expenses	Accrued expenses and other current liabilities consist of the following: December 31, 2015 2014 (In millions) Accrued salaries, wages and benefits $ 26.1 $ 25.4 Advance billings 16.8 28.4 Current portion of long-term debt 17.8 9.4 Warranty accrual 6.1 6.9 Interest payable 5.7 5.2 Current portion of other post-retirement liabilities 1.4 1.6 Other 21.4 26.8 Total $ 95.3 $ 103.7
Changes in product warranty liability	The following table presents the changes in the Company’s product warranty liability for the years ended December 31, 2015 , 2014 , and 2013 : Year Ended December 31, 2015 2014 2013 (In millions) Balance at January 1, $ 6.9 $ 5.4 $ 6.9 Claims paid during the year (4.7 ) (2.9 ) (6.4 ) Warranty expense 4.0 4.0 4.9 Acquired warranty liabilities (0.1 ) 0.4 — Balance at December 31, $ 6.1 $ 6.9 $ 5.4

Financing Arrangements (Tables)

Financing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of long-term debt	Long-term debt consists of the following: Carrying Value at Issuance Date Maturity Date Interest Rate at December 31, 2015 December 31, 2015 December 31, 2014 (In millions) Senior Notes April 1, 2011 April 1, 2021 8.125 % $ 250.0 $ 250.0 Revolving credit — July 31, 2019 2.09 % 169.0 162.0 Term loan — July 31, 2019 2.38 % 27.9 28.8 Other, including capital leases Various Various Various 21.2 3.0 Total debt 468.1 443.8 Less current maturities 17.8 9.4 Total long-term debt, net of current portion $ 450.3 $ 434.4
Fair value of debt	The following table represents fair value information of the Notes, classified as Level 1, at December 31, 2015 and December 31, 2014 . The fair value was estimated using quoted market prices. December 31, 2015 December 31, 2014 (In millions) Carrying amount $ 250.0 $ 250.0 Fair value $ 263.4 $ 266.3
Maturities of long-term debt	Maturities of long-term debt, excluding capital leases, during each of the five years subsequent to December 31, 2015 are as follows: (In millions) 2016 $ 13.4 2017 $ 12.7 2018 $ 7.0 2019 $ 167.2 2020 $ —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income from continuing operations before income tax expense	Income from continuing operations before income tax expense consists of the following: Year Ended December 31, 2015 2014 2013 (In millions) United States $ 44.9 $ 54.3 $ 49.3 Outside the United States 25.8 18.5 11.7 $ 70.7 $ 72.8 $ 61.0
Income taxes	Income taxes consisted of the following: Year Ended December 31, 2015 2014 2013 (In millions) Current expense: Federal $ 11.7 $ 17.6 $ 16.0 State 0.7 0.8 1.5 Foreign 6.0 6.2 4.2 18.4 24.6 21.7 Deferred expense (benefit): Federal 2.9 1.1 1.4 State 0.6 (0.8 ) (2.6 ) Foreign (0.4 ) 0.3 (0.9 ) 3.1 0.6 (2.1 ) Income tax expense $ 21.5 $ 25.2 $ 19.6
Reconciliation between federal statutory tax rate and effective tax rates	The reasons for the difference between income tax expense and the amount computed by applying the statutory federal income tax rate to income from continuing operations before income taxes for the years ended December 31, 2015 , 2014 and 2013 are as follows: Year Ended December 31, Rate Reconciliation 2015 2014 2013 (In millions) Tax at statutory rate $ 24.7 $ 25.4 $ 21.3 Effect of state income taxes, net 0.6 1.4 1.1 Effect of foreign operations (1.6 ) (0.9 ) (0.2 ) Valuation allowance (0.7 ) (1.1 ) (1.6 ) Non-deductible items 1.7 1.8 0.7 Manufacturer's deduction (1.1 ) (1.4 ) (1.4 ) Other, net (2.1 ) — (0.3 ) Total $ 21.5 $ 25.2 $ 19.6
Significant components of the Company's net deferred tax assets and liabilities	Significant components of the Company’s net deferred tax assets and liabilities are as follows: Year Ended December 31, 2015 2014 (In millions) Deferred tax assets: Postretirement benefit obligation $ 4.8 $ 6.2 Inventory 12.0 13.7 Net operating loss and credit carryforwards 6.1 6.3 Warranty reserve 1.9 2.5 Accrued litigation 2.9 1.0 Compensation 6.0 6.0 Other 10.1 10.7 Total deferred tax assets 43.8 46.4 Deferred tax liabilities: Depreciation and amortization 15.2 13.2 Pension 21.0 23.3 Goodwill 2.5 2.7 Intangible assets 16.8 14.5 Other 1.6 1.4 Total deferred tax liabilities 57.1 55.1 Net deferred tax liabilities prior to valuation allowances (13.3 ) (8.7 ) Valuation allowances (4.8 ) (7.1 ) Net deferred tax liability $ (18.1 ) $ (15.8 )
Reconciliation of unrecognized tax benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 2015 2014 2013 (In millions) Unrecognized Tax Benefit — January 1, $ 6.5 $ 5.9 $ 6.1 Gross Increases — Tax Positions in Prior Period 0.3 0.8 0.4 Gross Decreases — Tax Positions in Prior Period (0.1 ) (0.2 ) (0.6 ) Lapse of Statute of Limitations (0.4 ) — — Unrecognized Tax Benefit — December 31, $ 6.3 $ 6.5 $ 5.9

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Option Activity	A summary of Holdings' stock option activity as of December 31, 2015 and changes during the year then ended is presented below: 2015 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (In whole shares) (In millions) Outstanding — beginning of year 143,500 $ 16.76 Granted — — Exercised (83,500 ) 14.86 Canceled or expired — — Outstanding — end of year 60,000 $ 19.41 1.9 years $ 1.0 Options exercisable 60,000 $ 19.41 1.9 years $ 1.0
Summary of Restricted Share Activity	A summary of Holdings' restricted share and performance share activity for the year ended December 31, 2015 is as follows: 2015 Time-Based Performance-Based Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value (In whole shares) (In whole shares) Outstanding — beginning of year 344,932 $ 33.55 28,000 $ 20.30 Granted 72,500 44.26 120,000 48.72 Vested (179,167 ) 32.93 (14,000 ) 20.30 Canceled or expired (29,836 ) 41.92 (14,000 ) 20.30 Outstanding — end of year 208,429 $ 36.61 120,000 $ 48.72

Commitments, Contingencies an36

Commitments, Contingencies and Litigation Judgment (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Future minimum lease commitments	Future minimum lease commitments during each of the five years following December 31, 2015 and thereafter are as follows: (In millions) Capital Leases Operating leases 2016 $ 4.9 $ 14.5 2017 3.7 11.0 2018 3.6 7.6 2019 3.6 4.4 2020 3.0 2.9 Thereafter 5.1 Total minimum lease payments 18.8 $ 45.5 Amounts representing interest 1.1 Present value of minimum lease payments 17.7 Current maturities 4.4 Long-term capital lease obligation $ 13.3
Schedule of assets under capital leases	Assets recorded under capital leases are included in property, plant and equipment and consist of the following: December 31, 2015 Machinery and equipment $ 16.2 Less accumulated depreciation 0.5 $ 15.7

Pensions and Postretirement B37

Pensions and Postretirement Benefits (Tables)	12 Months Ended
	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Change in benefit obligation, plan assets, and funded status	The following tables set forth the change in benefit obligation, plan assets, funded status and amounts recognized in the consolidated balance sheet for the defined benefit pension and postretirement benefit plans as of December 31, 2015 and 2014 : Pension Benefits Postretirement Benefits 2015 2014 2015 2014 (In millions) Change in benefit obligation Benefit obligation at beginning of year $ 61.1 $ 52.1 $ 17.0 $ 16.2 Service cost 2.6 2.2 — — Interest cost 2.3 2.2 0.5 0.6 Actuarial (gains) losses (3.0 ) 8.8 (2.7 ) 1.9 Plan amendment — 0.4 — — Benefits and expenses paid, net of contributions (4.6 ) (4.6 ) (1.3 ) (1.7 ) Benefit obligation at end of year $ 58.4 $ 61.1 $ 13.5 $ 17.0 Change in plan assets Fair value of plan assets at beginning of year $ 125.7 $ 125.4 $ — $ — Actual return on plan assets (2.9 ) 5.8 — — Company contributions — — 1.3 1.7 Cash transfer to fund postretirement benefit payments (0.9 ) (0.9 ) — — Benefits and expenses paid, net of contributions (4.6 ) (4.6 ) (1.3 ) (1.7 ) Fair value of plan assets at end of year $ 117.3 $ 125.7 $ — $ — Funded (underfunded) status of the plans $ 58.9 $ 64.6 $ (13.5 ) $ (17.0 )
Amounts recognized in the consolidated balance sheets	Amounts recognized in the consolidated balance sheets consist of: Pension Benefits Postretirement Benefits 2015 2014 2015 2014 (In millions) Noncurrent assets $ 58.9 $ 64.6 $ — $ — Noncurrent liabilities — — 12.1 15.4 Current liabilities — — 1.4 1.6 $ 58.9 $ 64.6 $ 13.5 $ 17.0 Amounts recognized in accumulated other comprehensive loss Net actuarial loss $ 25.2 $ 15.3 $ 4.4 $ 7.6 Net prior service cost (credit) 0.3 0.4 (0.3 ) (0.4 ) Accumulated other comprehensive loss $ 25.5 $ 15.7 $ 4.1 $ 7.2
Allocation of assets, and fair value hierarchy	The pension plan weighted-average asset allocation at December 31, 2015 and 2014 and target allocation for 2016 are as follows: Plan Assets Target 2016 2015 2014 Asset Category Equity securities 45-75% 62.7 % 64.6 % Debt securities 20-40 25.4 % 27.9 % Other 0-20 11.9 % 7.5 % 100% 100 % 100 % The following table sets forth, by level within the fair value hierarchy, the pension plans assets: 2015 2014 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (In millions) Collective trust and pooled insurance funds: Common stock $ 38.3 $ 1.5 $ — $ 39.8 $ 45.6 $ 2.2 $ — $ 47.8 Equity Funds 29.1 — — 29.1 29.0 — — 29.0 Foreign Stock 5.7 — — 5.7 5.4 — — 5.4 U.S. Government obligations 7.4 — — 7.4 7.0 — — 7.0 Fixed income funds 14.6 — — 14.6 19.6 — — 19.6 Corporate Bonds 6.8 — — 6.8 7.5 — — 7.5 Cash and Cash Equivalents 1.2 — — 1.2 1.8 — — 1.8 Hedge funds — — 12.7 12.7 — — 7.6 7.6 $ 103.1 $ 1.5 $ 12.7 $ 117.3 $ 115.9 $ 2.2 $ 7.6 $ 125.7
Reconciliation of Level 3 assets	The following table presents a reconciliation of Level 3 assets, as defined in Note 1, held during the years ended December 31, 2015 and 2014 . Balance at Beginning of Year Net Unrealized Gain Purchases Balance at End of Year (In millions) Hedge Funds: 2015 $ 7.6 $ 0.1 $ 5.0 $ 12.7 2014 $ 7.3 $ 0.3 $ — $ 7.6
Assumptions used in valuation	The following tables summarize the assumptions used in the valuation of pension and postretirement benefit obligations at December 31, and to measure the net periodic benefit cost in the following year. Weighted-Average assumptions as of December 31, Pension Benefits Postretirement Benefits 2015 2014 2013 2015 2014 2013 Discount rate 4.13 % 3.82 % 4.51 % 3.80 % 3.60 % 4.21 % Expected return on plan assets 8.25 % 8.25 % 8.25 % N/A N/A N/A Rate of compensation increase 3.00 % 3.00 % 2.00 % N/A N/A N/A Medical health care benefits rate increase N/A N/A N/A 6.75 % 7.00 % 6.50 % Medical drug benefits rate increase N/A N/A N/A 6.75 % 7.00 % 6.50 % Ultimate health care cost trend rate N/A N/A N/A 5.00 % 5.00 % 5.00 % Year of ultimate trend rate N/A N/A N/A 2022 2022 2042
Components of net periodic benefit cost	Pension Benefits Postretirement Benefits 2015 2014 2013 2015 2014 2013 (In millions) Components of net periodic benefit cost Service costs $ 2.6 $ 2.2 $ 2.6 $ — $ — $ 0.1 Interest costs 2.3 2.2 2.0 0.6 0.6 0.6 Expected return on plan assets (10.2 ) (10.1 ) (8.9 ) — — — Amortization of prior service cost (credit) — 0.1 — (0.1 ) (0.1 ) (0.1 ) Recognized net actuarial loss 0.3 — 0.8 0.5 0.5 0.7 Benefit (income) costs $ (5.0 ) $ (5.6 ) $ (3.5 ) $ 1.0 $ 1.0 $ 1.3 Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss AOCI at beginning of year $ 15.7 $ 2.2 $ 20.3 $ 7.2 $ 5.8 $ 7.6 Net loss (gain) arising during the year 10.1 13.1 (17.3 ) (2.7 ) 1.8 (1.2 ) Recognition of prior service credit — — — 0.1 0.1 0.1 Recognition of actuarial loss (0.3 ) 0.4 (0.8 ) (0.5 ) (0.5 ) (0.7 ) Total recognized in accumulated other comprehensive loss at end of year $ 25.5 $ 15.7 $ 2.2 $ 4.1 $ 7.2 $ 5.8
Expected future benefit payments	Below is a table summarizing the Company’s expected future benefit payments and the expected payments due to Medicare subsidy over the next ten years: Postretirement Benefits Pension Benefits Gross Expected Medicare Subsidy Net including Medicare Subsidy (In millions) 2016 $ 4.2 $ 1.6 $ 0.1 $ 1.5 2017 4.5 1.5 0.1 1.4 2018 4.3 1.4 0.1 1.3 2019 4.3 1.3 0.1 1.2 2020 4.5 1.2 0.1 1.1 2021 to 2025 22.9 5.2 0.5 4.7
Effect of one-percentage-point change in assumed health care cost trend rate	A one-percentage-point change in the assumed health care cost trend rate would have the following effects: 1-Percentage Point Increase 1-Percentage Point Decrease (In millions) Effect on total of service and interest cost components in 2015 $ — $ — Effect on postretirement benefit obligation as of December 31, 2015 $ 1.0 $ (0.9 )

Accumulated Other Comprehensi38

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Changes in accumulated other comprehensive income (loss)	The components of and changes in accumulated other comprehensive income (loss) for the years ended December 31, 2015 , 2014 , and 2013 were as follows: Cumulative Translation Adjustment Pension and Postretirement Benefits Total (In millions) Balance at January 1, 2013 $ 5.3 $ (12.2 ) $ (6.9 ) Foreign currency translation adjustments (a) (2.5 ) — (2.5 ) Pension and OPEB activity, net — 19.9 19.9 Tax adjustment (b) — (7.1 ) (7.1 ) Pension and OPEB activity, net of taxes — 12.8 12.8 Balance at December 31, 2013 2.8 0.6 3.4 Foreign currency translation adjustments (a) (7.9 ) — (7.9 ) Pension and OPEB activity, net — (14.9 ) (14.9 ) Tax adjustment (b) — 5.4 5.4 Pension and OPEB activity, net of taxes — (9.5 ) (9.5 ) Balance at December 31, 2014 (5.1 ) (8.9 ) (14.0 ) Foreign currency translation adjustments (a) (11.8 ) — (11.8 ) Pension and OPEB activity, net — (6.7 ) (6.7 ) Tax adjustment (b) — 2.5 2.5 Pension and OPEB activity, net of taxes — (4.2 ) (4.2 ) Balance at December 31, 2015 $ (16.9 ) $ (13.1 ) $ (30.0 ) (a) No income taxes are provided on foreign currency translation adjustments as foreign earnings are considered permanently invested. (b) The tax adjustments are reclassified out of accumulated other comprehensive income and included in income tax expense.

Supplemental Guarantor Inform39

Supplemental Guarantor Information (Tables)	12 Months Ended
	Dec. 31, 2015
Supplemental Guarantor Information [Abstract]
Condensed consolidating balance sheet	Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Balance Sheet December 31, 2015 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Reclassifications/ Eliminations Consolidated (In millions) ASSETS Current assets: Cash and cash equivalents $ — $ 0.1 $ 48.3 $ — $ 48.4 Accounts receivable, net — 139.7 59.6 — 199.3 Inventories, net — 183.1 65.9 — 249.0 Unbilled contract revenue — 24.3 2.2 — 26.5 Receivable from affiliates — — 8.6 — 8.6 Other current assets 0.8 9.9 1.8 — 12.5 Total current assets 0.8 357.1 186.4 — 544.3 Investment in subsidiaries 495.4 173.5 — (668.9 ) — Intercompany advances 249.2 65.4 151.6 (466.2 ) — Net property, plant and equipment 6.7 112.2 35.2 — 154.1 Goodwill — 56.5 25.5 — 82.0 Intangible assets, net — 69.4 23.4 — 92.8 Other long-term assets 61.7 4.8 4.4 — 70.9 Total assets $ 813.8 $ 838.9 $ 426.5 $ (1,135.1 ) $ 944.1 LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities: Trade accounts payable $ — $ 91.5 $ 38.2 $ — $ 129.7 Payable to affiliates — — 6.6 — 6.6 Accrued expenses and other 15.2 58.6 21.5 — 95.3 Total current liabilities 15.2 150.1 66.3 — 231.6 Long-term liabilities, less current portion: Debt 435.1 14.6 0.6 — 450.3 Deferred tax liabilities — 17.1 4.3 — 21.4 Other postretirement benefits and other long-term liabilities 16.4 13.0 9.1 — 38.5 Total long-term liabilities 451.5 44.7 14.0 — 510.2 Intercompany advances 144.8 172.9 148.5 (466.2 ) — Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity 195.4 471.2 190.8 (662.0 ) 195.4 Noncontrolling interest 6.9 — 6.9 (6.9 ) 6.9 Total shareholder's equity 202.3 471.2 197.7 (668.9 ) 202.3 Total liabilities and shareholder’s equity $ 813.8 $ 838.9 $ 426.5 $ (1,135.1 ) $ 944.1 Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Balance Sheet December 31, 2014 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Reclassifications/ Eliminations Consolidated (In millions) ASSETS Current assets: Cash and cash equivalents $ — $ 3.8 $ 44.5 $ — $ 48.3 Accounts receivable, net — 148.3 59.7 — 208.0 Inventories, net — 176.2 62.2 — 238.4 Deferred tax assets — 27.4 0.7 — 28.1 Unbilled contract revenue — 18.1 8.7 — 26.8 Receivable from affiliates — — 0.5 — 0.5 Other current assets 1.6 14.9 5.5 — 22.0 Total current assets 1.6 388.7 181.8 — 572.1 Investment in subsidiaries 451.8 162.6 — (614.4 ) — Intercompany advances 249.5 86.0 161.2 (496.7 ) — Net property, plant and equipment 7.1 101.2 32.7 — 141.0 Goodwill — 56.6 32.9 — 89.5 Intangible assets, net — 74.6 13.5 — 88.1 Other long-term assets 68.0 1.8 3.4 — 73.2 Total assets $ 778.0 $ 871.5 $ 425.5 $ (1,111.1 ) $ 963.9 LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities: Trade accounts payable $ 2.2 $ 120.4 $ 39.5 $ — $ 162.1 Payable to affiliates — — 1.8 — 1.8 Accrued expenses and other 18.0 52.1 33.6 — 103.7 Total current liabilities 20.2 172.5 74.9 — 267.6 Long-term liabilities, less current portion: Debt 432.2 2.0 0.2 — 434.4 Deferred tax liabilities — 41.6 2.3 — 43.9 Other postretirement benefits and other long-term liabilities 25.1 9.0 6.0 — 40.1 Total long-term liabilities 457.3 52.6 8.5 — 518.4 Intercompany advances 122.6 214.2 159.9 (496.7 ) — Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity 171.6 432.2 175.9 (608.1 ) 171.6 Noncontrolling interest 6.3 — 6.3 (6.3 ) 6.3 Total shareholder's equity 177.9 432.2 182.2 (614.4 ) 177.9 Total liabilities and shareholder’s equity $ 778.0 $ 871.5 $ 425.5 $ (1,111.1 ) $ 963.9
Consolidating statement of operations	Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Statement of Income Year Ended December 31, 2015 Parent Combined Combined Eliminations Consolidated (In millions) Net sales $ — $ 1,135.5 $ 328.3 $ — $ 1,463.8 Cost of sales — 967.6 261.0 — 1,228.6 Gross profit — 167.9 67.3 — 235.2 Selling, general and administrative expenses 28.6 70.6 35.2 — 134.4 Litigation judgment and settlement costs 2.2 — — — 2.2 Income (loss) from subsidiaries 106.6 20.6 — (127.2 ) — Operating income (loss) 75.8 117.9 32.1 (127.2 ) 98.6 Interest expense 26.6 — 1.3 — 27.9 Income (loss) from continuing operations before income taxes 49.2 117.9 30.8 (127.2 ) 70.7 Income tax expense — 14.7 6.8 — 21.5 Net income (loss) 49.2 103.2 24.0 (127.2 ) 49.2 Net (income) loss attributable to noncontrolling interest (0.6 ) — (0.6 ) 0.6 (0.6 ) Net income (loss) attributable to ParkOhio common shareholder $ 48.6 $ 103.2 $ 23.4 $ (126.6 ) $ 48.6 Other comprehensive income (loss) (see note 14): Foreign currency translation adjustments $ (11.8 ) $ — $ (11.8 ) $ 11.8 $ (11.8 ) Recognition of actuarial loss (gain), net of tax (4.2 ) (4.2 ) — 4.2 (4.2 ) Comprehensive income (loss), net of tax 33.2 99.0 12.2 (111.2 ) 33.2 Comprehensive (income) loss attributable to noncontrolling interest (0.6 ) — (0.6 ) 0.6 (0.6 ) Comprehensive income (loss) attributable to ParkOhio common shareholder $ 32.6 $ 99.0 $ 11.6 $ (110.6 ) $ 32.6 Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Statement of Income Year Ended December 31, 2014 Parent Combined Combined Eliminations Consolidated (In millions) Net sales $ — $ 1,103.0 $ 275.7 $ — $ 1,378.7 Cost of sales — 928.7 215.5 — 1,144.2 Gross profit — 174.3 60.2 — 234.5 Selling, general and administrative expenses 26.2 74.7 34.7 — 135.6 Litigation judgment and settlement costs — — — — — Income (loss) from subsidiaries 99.5 15.5 — (115.0 ) — Operating income (loss) 73.3 115.1 25.5 (115.0 ) 98.9 Gain on acquisition of business — — — — — Interest expense 25.7 — 0.4 — 26.1 Income (loss) from continuing operations before income taxes 47.6 115.1 25.1 (115.0 ) 72.8 Income tax expense — 17.4 7.8 — 25.2 Net income (loss) 47.6 97.7 17.3 (115.0 ) 47.6 Income (loss) from discontinued operations, net of taxes — — — — — Net income (loss) 47.6 97.7 17.3 (115.0 ) 47.6 Net income attributable to noncontrolling interest (1.3 ) — (1.3 ) 1.3 (1.3 ) Net income (loss) attributable to ParkOhio common shareholder $ 46.3 $ 97.7 $ 16.0 $ (113.7 ) $ 46.3 Other comprehensive income (loss) (see note 14): Foreign currency translation adjustments $ (7.9 ) $ — $ (7.9 ) $ 7.9 $ (7.9 ) Recognition of actuarial loss (gain), net of tax (9.5 ) (9.5 ) — 9.5 (9.5 ) Comprehensive income (loss), net of tax 30.2 88.2 9.4 (97.6 ) 30.2 Comprehensive income attributable to noncontrolling interest (1.3 ) — (1.3 ) 1.3 (1.3 ) Comprehensive income (loss) attributable to ParkOhio common shareholder $ 28.9 $ 88.2 $ 8.1 $ (96.3 ) $ 28.9 Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Statement of Income Year Ended December 31, 2013 Parent Combined Combined Eliminations Consolidated (In millions) Net sales $ — $ 989.0 $ 214.2 $ — $ 1,203.2 Cost of sales — 819.7 172.5 — 992.2 Gross profit — 169.3 41.7 — 211.0 Selling, general and administrative expenses 20.9 72.7 25.9 — 119.5 Litigation judgment and settlement costs — 5.2 — — 5.2 Income (loss) from subsidiaries 88.2 9.4 — (97.6 ) — Operating income (loss) 67.3 100.8 15.8 (97.6 ) 86.3 Gain on acquisition of business — (0.6 ) — — (0.6 ) Interest expense 25.9 0.1 (0.1 ) — 25.9 Income (loss) from continuing operations before income taxes 41.4 101.3 15.9 (97.6 ) 61.0 Income tax expense (benefit) — 16.3 3.3 — 19.6 Net income (loss) from continuing operations 41.4 85.0 12.6 (97.6 ) 41.4 Income (loss) from discontinued operations, net of taxes 3.0 — 3.0 (3.0 ) 3.0 Net income (loss) 44.4 85.0 15.6 (100.6 ) 44.4 Net income attributable to noncontrolling interest (0.5 ) — (0.5 ) 0.5 (0.5 ) Net income (loss) attributable to ParkOhio common shareholder $ 43.9 $ 85.0 $ 15.1 $ (100.1 ) $ 43.9 Other comprehensive income (loss) (see note 14): Foreign currency translation adjustments $ (2.5 ) $ — $ (2.5 ) $ 2.5 $ (2.5 ) Recognition of actuarial (loss) gain, net of tax 12.8 12.8 — (12.8 ) 12.8 Comprehensive income (loss), net of tax 54.7 97.8 13.1 (110.9 ) 54.7 Comprehensive income attributable to noncontrolling interest (0.5 ) — (0.5 ) 0.5 (0.5 ) Comprehensive income (loss) attributable to ParkOhio common shareholder $ 54.2 $ 97.8 $ 12.6 $ (110.4 ) $ 54.2
Condensed consolidating statement of cash flows	Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Statement of Cash Flows Year Ended December 31, 2015 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) OPERATING ACTIVITIES Net cash provided (used) by operating activities $ (36.4 ) $ 82.0 $ 33.2 $ (41.6 ) $ 37.2 INVESTING ACTIVITIES Purchases of property, plant and equipment — (29.6 ) (6.9 ) — (36.5 ) Net cash used by investing activities — (29.6 ) (6.9 ) — (36.5 ) FINANCING ACTIVITIES Intercompany account change 45.6 (69.0 ) (18.2 ) 41.6 — Proceeds from term loans and other debt 2.3 — — — 2.3 Payments on term loans and other debt (3.3 ) 1.1 (1.4 ) — (3.6 ) Proceeds from revolving credit facility 7.9 — — — 7.9 Proceeds from capital lease credit facility, net — 11.8 2.0 — 13.8 Dividends paid to parent (17.0 ) — — — (17.0 ) Income tax effect of share-based compensation exercises and vesting 0.9 — — — 0.9 Net cash (used) provided by financing activities 36.4 (56.1 ) (17.6 ) 41.6 4.3 Effect of exchange rate changes on cash — — (4.9 ) — (4.9 ) Increase in cash and cash equivalents — (3.7 ) 3.8 — 0.1 Cash and cash equivalents at beginning of period — 3.8 44.5 — 48.3 Cash and cash equivalents at end of period $ — $ 0.1 $ 48.3 $ — $ 48.4 Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Statement of Cash Flows Year Ended December 31, 2014 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) OPERATING ACTIVITIES Net cash provided (used) by operating activities $ (21.2 ) $ 89.8 $ 14.4 $ (27.1 ) $ 55.9 INVESTING ACTIVITIES Purchases of property, plant and equipment (0.2 ) (8.3 ) (17.3 ) — (25.8 ) Proceeds from sale of assets — 2.1 — — 2.1 Business acquisition, net of cash acquired — (47.5 ) (25.2 ) — (72.7 ) Net cash (used) provided by investing activities (0.2 ) (53.7 ) (42.5 ) — (96.4 ) FINANCING ACTIVITIES Intercompany account change (30.7 ) (32.4 ) 36.0 27.1 — Proceeds from term loans and other debt 14.1 — 0.1 — 14.2 Payments on term loans and other debt (3.6 ) (0.6 ) (2.4 ) — (6.6 ) Proceeds from revolving credit facility 50.3 — — — 50.3 Dividends to parent (10.0 ) — — — (10.0 ) Income tax effect of share-based compensation exercises and vesting 1.3 — — — 1.3 Other — — (1.3 ) — (1.3 ) Net cash provided (used) by financing activities 21.4 (33.0 ) 32.4 27.1 47.9 Effect of exchange rate changes on cash — — (2.8 ) — (2.8 ) Increase in cash and cash equivalents — 3.1 1.5 — 4.6 Cash and cash equivalents at beginning of period — 0.7 43.0 — 43.7 Cash and cash equivalents at end of period $ — $ 3.8 $ 44.5 $ — $ 48.3 Park-Ohio Industries, Inc. and Subsidiaries Condensed Consolidating Statement of Cash Flows Year Ended December 31, 2013 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) OPERATING ACTIVITIES Net cash provided (used) by operating activities $ (38.1 ) $ 81.8 $ 19.9 $ (3.9 ) $ 59.7 INVESTING ACTIVITIES Purchases of property, plant and equipment (1.0 ) (23.8 ) (5.0 ) — (29.8 ) Proceeds from sale and leaseback transactions — 7.4 — — 7.4 Proceeds from sale of assets 13.5 0.7 13.5 (13.5 ) 14.2 Proceeds from the bond redemption — (21.6 ) (24.2 ) — (45.8 ) Net cash (used) provided by investing activities 12.5 (37.3 ) (15.7 ) (13.5 ) (54.0 ) FINANCING ACTIVITIES Intercompany account change 30.3 (43.6 ) (4.1 ) 17.4 — Proceeds from term loans and other debt — — — — — Payments on term loans and other debt (3.6 ) (0.4 ) (0.2 ) — (4.2 ) Proceeds from revolving credit facility 9.1 — — — 9.1 Dividends to parent (10.7 ) — — — (10.7 ) Income tax effect of share-based compensation exercises and vesting 0.5 — — — 0.5 Net cash provided (used) by financing activities 25.6 (44.0 ) (4.3 ) 17.4 (5.3 ) Effect of exchange rate changes on cash — — 0.9 — 0.9 Increase (decrease) in cash and cash equivalents — 0.5 0.8 — 1.3 Cash and cash equivalents at beginning of period — 0.2 42.2 — 42.4 Cash and cash equivalents at end of period $ — $ 0.7 $ 43.0 $ — $ 43.7

Summary of Significant Accoun40

Summary of Significant Accounting Policies (Textual) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)Customershares	Dec. 31, 2014USD ($)
Line of Credit Facility [Line Items]
Percentage of revenue from long-term contracts	4.00%
Sale of accounts receivable	$ 118.5	$ 95
Discount on sale of accounts receivable	$ (0.6)	$ (0.5)
Number of customers in the automotive industry | Customer	6
Aggregate amount trade accounts receivable	$ 36.7
Percentage of trade accounts receivable	18.00%
Amount of net sales	$ 315.7
Percentage of net sales	22.00%
Minimum | Building
Line of Credit Facility [Line Items]
Estimated useful lives	5 years
Minimum | Machinery and equipment
Line of Credit Facility [Line Items]
Estimated useful lives	1 year
Maximum | Building
Line of Credit Facility [Line Items]
Estimated useful lives	40 years
Maximum | Machinery and equipment
Line of Credit Facility [Line Items]
Estimated useful lives	20 years
1998 Long-Term Incentive Plan
Line of Credit Facility [Line Items]
Common stock that may be awarded (in shares) | shares	106,806
2015 Long-Term Incentive Plan
Line of Credit Facility [Line Items]
Common stock that may be awarded (in shares) | shares	650,000
Number of shares that may be awarded to any individual participant in any one calendar year (no more than) (in shares) | shares	400,000
Stock options | 2015 Long-Term Incentive Plan
Line of Credit Facility [Line Items]
Expiration term	10 years

Summary of Significant Accoun41

Summary of Significant Accounting Policies (Schedule of Major Classes of Inventories) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Major Classes of Inventories
Finished goods	$ 147.5	$ 146
Work in process	37.4	19.8
Raw materials and supplies	64.1	72.6
Inventories, net	249	238.4
Other inventory items
Inventory reserves	29	29.9
Consigned Inventory	$ 10.3	$ 7.8

Summary of Significant Accoun42

Summary of Significant Accounting Policies (Schedule of Property, Plant and Equipment) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 399.5	$ 366.7
Less accumulated depreciation	245.4	225.7
Net property, plant and equipment	154.1	141
Land and land improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	8.5	7.1
Buildings
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	65.3	70.9
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	309.5	287.8
Leased property under capital leases
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 16.2	$ 0.9

Summary of Significant Accoun43

Summary of Significant Accounting Policies (Schedule of Depreciation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Depreciation expense	$ 21.5	$ 17.6	$ 15

Segments (Textual) (Details)

Segments (Textual) (Details) - Segment	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting [Abstract]
Number of reportable segments	3
Percentage of assets	71.00%	72.00%	77.00%

Segments (Schedule of Segment I

Segments (Schedule of Segment Information) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net sales:
Net sales		$ 1,463.8	$ 1,378.7	$ 1,203.2
Segment operating income:
Segment operating income:		98.6	98.9	86.3
Corporate costs		(28.3)	(28.3)	(22.4)
Litigation judgment and settlement costs		(2.2)	0	(5.2)
Gain on acquisition of business	$ 0.6	0	0	0.6
Interest expense		(27.9)	(26.1)	(25.9)
Income from continuing operations before income taxes		70.7	72.8	61
Identifiable assets:
Identifiable assets:		944.1	963.9	807.4
Depreciation and amortization		27.9	22.4	18.5
Capital expenditures:		$ 36.5	$ 23.7	$ 29.8
Percentage of net sales		100.00%	100.00%	100.00%
Supply Technologies
Net sales:
Net sales		$ 578.7	$ 559.6	$ 471.9
Segment operating income:
Segment operating income:		50.3	42.5	35
Identifiable assets:
Identifiable assets:		276.3	277.6	241.7
Depreciation and amortization		4.7	4.5	3
Capital expenditures:		$ 3.7	$ 5.8	$ 3.8
Percentage of net sales		100.00%	100.00%	100.00%
Assembly Components
Net sales:
Net sales		$ 569.2	$ 490.5	$ 412.8
Segment operating income:
Segment operating income:		57.9	42	31.8
Identifiable assets:
Identifiable assets:		344.8	340.5	276.7
Depreciation and amortization		18.6	14.2	11.6
Capital expenditures:		$ 27.3	$ 14	$ 21.5
Percentage of net sales		100.00%	100.00%	100.00%
Engineered Products
Net sales:
Net sales		$ 315.9	$ 328.6	$ 318.5
Segment operating income:
Segment operating income:		20.9	42.7	47.1
Identifiable assets:
Identifiable assets:		243.1	246.9	183.1
Depreciation and amortization		4.2	3.3	3.4
Capital expenditures:		$ 5.5	$ 2.4	$ 3.6
Percentage of net sales		100.00%	100.00%	100.00%
General corporate
Identifiable assets:
Identifiable assets:		$ 79.9	$ 98.9	$ 105.9
Depreciation and amortization		0.4	0.4	0.5
Capital expenditures:		0	1.5	0.9
Operating Segments
Segment operating income:
Segment operating income:		$ 129.1	$ 127.2	$ 113.9
Supply Technologies Product | Supply Technologies
Identifiable assets:
Percentage of net sales		87.00%	88.00%	87.00%
Engineered Specialty Products | Supply Technologies
Identifiable assets:
Percentage of net sales		13.00%	12.00%	13.00%
Fluid Routing | Assembly Components
Identifiable assets:
Percentage of net sales		50.00%	49.00%	54.00%
Aluminum Primary Products | Assembly Components
Identifiable assets:
Percentage of net sales		41.00%	43.00%	37.00%
Rubber And Plastics | Assembly Components
Identifiable assets:
Percentage of net sales		7.00%	6.00%	7.00%
Screw Products | Assembly Components
Identifiable assets:
Percentage of net sales		2.00%	2.00%	2.00%
Industrial Equipment Business | Engineered Products
Identifiable assets:
Percentage of net sales		81.00%	78.00%	77.00%
Forged and Machined Products | Engineered Products
Identifiable assets:
Percentage of net sales		19.00%	22.00%	23.00%
United States
Identifiable assets:
Percentage of net sales		72.00%	74.00%	74.00%
Asia
Identifiable assets:
Percentage of net sales		8.00%	6.00%	6.00%
Europe
Identifiable assets:
Percentage of net sales		7.00%	6.00%	5.00%
Canada
Identifiable assets:
Percentage of net sales		6.00%	7.00%	8.00%
Mexico
Identifiable assets:
Percentage of net sales		6.00%	5.00%	5.00%
Other
Identifiable assets:
Percentage of net sales		1.00%	2.00%	2.00%

Acquisitions (Textual) (Details

Acquisitions (Textual) (Details) $ in Millions	1 Months Ended						3 Months Ended	12 Months Ended
	Dec. 31, 2014USD ($)	Oct. 31, 2014USD ($)	Jun. 30, 2014USD ($)	Nov. 30, 2013location	Oct. 31, 2013USD ($)	Apr. 30, 2013USD ($)	Sep. 30, 2013USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Payments for acquisitions, net of cash acquired								$ 0	$ 72.7	$ 45.8
Goodwill	$ 89.5							82	89.5	60.4	$ 49.7
Gain on acquisition of business							$ 0.6	0	0	$ 0.6
Saet S.p.A
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Payments for acquisitions, net of cash acquired	22.1
Goodwill	$ 23.2							16.9	$ 23.2
Intangible assets								13.4
Autoform Tool and Manufacturing
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Payments for acquisitions, net of cash acquired		$ 48.9
Intangible assets								25.5
Apollo Aerospace Group
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Payments for acquisitions, net of cash acquired			$ 6.5
Intangible assets								3
Contingent consideration, fair value of earn-out			$ 2.4
Contingent consideration, measurement period			2 years
Contingent consideration			$ 1.1					2.1
Autoform and Apollo
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Goodwill								$ 5.7
QEF Global Limited and Henry Halstead Ltd
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Payments for acquisitions, net of cash acquired					$ 24.2
Goodwill					7.9
Intangible assets					$ 12.7
Bates Rubber
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Payments for acquisitions, net of cash acquired						$ 20.8
Goodwill						5
Intangible assets						$ 5.9
QEF Global Limited
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Number of locations | location				4

Dispositions (Details)

Dispositions (Details) - USD ($) $ in Millions	Sep. 03, 2013	Aug. 01, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Senior notes, interest rate	8.125%
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Income from discontinued operations, net of taxes			$ 0	$ 0	$ 3
Southwest Steel Processing LLC
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Sale of noncontrolling interest, percentage		25.00%
Proceeds from sale of noncontrolling interest		$ 5
Discontinued Operations | Non-core Business Unit | Supply Technologies
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of non-core business unit	$ 8.5
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Net sales					5.2
Loss from discontinued operations before tax					(1.3)
Income tax benefit from operations					0.5
Net loss from discontinued operations					(0.8)
Gain on sale of business before tax					5.3
Income tax expense from gain on sale of business					(1.5)
Net gain on sale of business					3.8
Income from discontinued operations, net of taxes					$ 3

Goodwill (Change in Goodwill) (

Goodwill (Change in Goodwill) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill [Roll Forward]
Balance, beginning of period	$ 89.5	$ 60.4	$ 49.7
Acquisitions	(6.2)	28.9	10.4
Foreign currency translation	(1.3)	0.2	0.3
Balance, end of period	82	89.5	60.4
Supply Technologies
Goodwill [Roll Forward]
Balance, beginning of period	7.6	6.4	0
Acquisitions	0	0.7	6.2
Foreign currency translation	(0.4)	0.5	0.2
Balance, end of period	7.2	7.6	6.4
Assembly Components
Goodwill [Roll Forward]
Balance, beginning of period	54	49	44.8
Acquisitions	0.1	5	4.2
Foreign currency translation	0	0	0
Balance, end of period	54.1	54	49
Engineered Products
Goodwill [Roll Forward]
Balance, beginning of period	27.9	5	4.9
Acquisitions	(6.3)	23.2	0
Foreign currency translation	(0.9)	(0.3)	0.1
Balance, end of period	$ 20.7	$ 27.9	$ 5

Other Intangible Assets (Detail

Other Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Details of other intangible assets
Accumulated Amortization	$ 21.9	$ 15.5
Total, Acquisition Costs	114.7	103.6
Total, Net	92.8	88.1
Amortization [Abstract]
Amortization expense	6.4	4.8	$ 3.5
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,016	6.3
2,017	6.2
2,018	6.1
2,019	5.6
2,020	5.5
Tradenames
Details of other intangible assets
Indefinite-lived tradenames	$ 18.7	14
Non-contractual customer relationships
Details of other intangible assets
Weighted Average Useful Life	12 years
Acquisition Costs	$ 76	77.3
Accumulated Amortization	18.5	13.2
Net	$ 57.5	64.1
Technology
Details of other intangible assets
Weighted Average Useful Life	18 years 11 months
Acquisition Costs	$ 15.9	8.2
Accumulated Amortization	0.9	0.1
Net	$ 15	8.1
Other
Details of other intangible assets
Weighted Average Useful Life	8 years 8 months
Acquisition Costs	$ 4.1	4.1
Accumulated Amortization	2.5	2.2
Net	$ 1.6	$ 1.9

Other Long-Term Assets (Details

Other Long-Term Assets (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Summary of other assets
Pension assets	$ 58.9	$ 64.6
Deferred financing costs, net	4.5	5.1
Other	7.5	3.5
Total	$ 70.9	$ 73.2

Accrued Expenses (Schedule of A

Accrued Expenses (Schedule of Accrued Expenses) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Summary of accrued expenses
Accrued salaries, wages and benefits	$ 26.1	$ 25.4
Advance billings	16.8	28.4
Current portion of long-term debt	17.8	9.4
Warranty accrual	6.1	6.9
Interest payable	5.7	5.2
Current portion of other post-retirement liabilities	1.4	1.6
Other	21.4	26.8
Total	$ 95.3	$ 103.7

Accrued Expenses (Schedule of C

Accrued Expenses (Schedule of Changes in Product Warranty Liability) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Changes in product warranty liability
Balance at January 1,	$ 6.9	$ 5.4	$ 6.9
Claims paid during the year	(4.7)	(2.9)	(6.4)
Warranty expense	4	4	4.9
Acquired warranty liabilities	(0.1)	0.4	0
Balance at December 31,	$ 6.1	$ 6.9	$ 5.4

Financing Arrangements (Textual

Financing Arrangements (Textuals) (Details) - USD ($)	Oct. 24, 2014	Jul. 31, 2014	Dec. 31, 2015	Oct. 21, 2015	Aug. 13, 2015	Dec. 31, 2014	Oct. 23, 2014	Sep. 03, 2013	Apr. 07, 2011
Line of Credit Facility [Line Items]
Capital lease obligations			$ 17,700,000		$ 50,000,000
Long-term debt			468,100,000			$ 443,800,000
Senior notes, interest rate								8.125%
Foreign subsidiaries borrowings			800,000			0
Foreign subsidiaries outstanding bank guarantees			$ 3,900,000			$ 5,200,000
Percentage ownership			100.00%
Weighted average interest rate			5.47%			5.62%
Maximum
Line of Credit Facility [Line Items]
Capital lease obligations					$ 50,000,000
Revolving credit facility
Line of Credit Facility [Line Items]
Long-term debt			$ 169,000,000			$ 162,000,000
Senior notes, interest rate			2.09%
Term loan
Line of Credit Facility [Line Items]
Long-term debt			$ 27,900,000			28,800,000
Senior notes, interest rate			2.38%
Standby letters of credit
Line of Credit Facility [Line Items]
Term loan, amount outstanding			$ 21,400,000
8.125% senior notes due 2021
Line of Credit Facility [Line Items]
Long-term debt			$ 250,000,000			$ 250,000,000
Aggregate principal amount of debt									$ 250,000,000
Senior notes, interest rate			8.125%						8.125%
Sixth Amended and Restated Credit Agreement | Revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 230,000,000
Inventory advance rate		50.00%
Term loan, period		7 years
Option to increase capacity		$ 25,000,000
Sixth Amended and Restated Credit Agreement | Revolving credit facility, Canadian sub-limit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		15,000,000
Sixth Amended and Restated Credit Agreement | Revolving credit facility, European sub-limit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		10,000,000
Potential maximum borrowing capacity		25,000,000
Sixth Amended and Restated Credit Agreement | Term loan
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 16,100,000
Sixth Amended and Restated Credit Agreement | LIBOR | Revolving credit facility | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		1.50%
Sixth Amended and Restated Credit Agreement | LIBOR | Revolving credit facility | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		2.50%
Sixth Amended and Restated Credit Agreement | LIBOR | Term loan | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		2.00%
Sixth Amended and Restated Credit Agreement | LIBOR | Term loan | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		3.00%
Sixth Amended and Restated Credit Agreement | Prime lending rate | Revolving credit facility | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		(0.25%)
Sixth Amended and Restated Credit Agreement | Prime lending rate | Revolving credit facility | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		(1.25%)
Sixth Amended and Restated Credit Agreement | Prime lending rate | Term loan | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		(0.75%)
Sixth Amended and Restated Credit Agreement | Prime lending rate | Term loan | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		0.25%
Sixth Amended and Restated Credit Agreement | Canadian Deposit Offered Rate | Revolving credit facility, Canadian sub-limit | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		1.50%
Sixth Amended and Restated Credit Agreement | Canadian Deposit Offered Rate | Revolving credit facility, Canadian sub-limit | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		2.50%
Sixth Amended and Restated Credit Agreement | Canadian Prime Lending Rate | Revolving credit facility, Canadian sub-limit | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		0.00%
Sixth Amended and Restated Credit Agreement | Canadian Prime Lending Rate | Revolving credit facility, Canadian sub-limit | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		1.00%
Sixth Amended and Restated Credit Agreement | Base Rate | Revolving credit facility, Canadian sub-limit | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		0.00%
Sixth Amended and Restated Credit Agreement | Base Rate | Revolving credit facility, Canadian sub-limit | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate		1.00%
Amendment Number One to Sixth Amended and Restated Credit Agreement | Revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 275,000,000
Inventory advance rate	60.00%
Inventory advance rate to be reduced to on a pro-rata quarterly basis	50.00%
Term over which inventory advance rate reduces	36 months
Term loan, amount outstanding	$ 22,000,000
Term over which basis spread on variable rate reduces	36 months
Unused borrowing capacity			$ 69,300,000
Amendment Number One to Sixth Amended and Restated Credit Agreement | Revolving credit facility, Canadian sub-limit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 25,000,000
Amendment Number One to Sixth Amended and Restated Credit Agreement | Revolving credit facility, European sub-limit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	25,000,000
Amendment Number One to Sixth Amended and Restated Credit Agreement | Term loan
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 35,000,000
Term loan, amount outstanding							$ 15,500,000
Amendment Number One to Sixth Amended and Restated Credit Agreement | LIBOR | Revolving credit facility
Line of Credit Facility [Line Items]
Basis spread on variable interest rate	3.50%
Southwest Steel Processing LLC | Arkansas Development Finance Authority
Line of Credit Facility [Line Items]
Maximum borrowing capacity				$ 11,000,000
Term loan, amount outstanding			$ 0

Financing Arrangements (Schedul

Financing Arrangements (Schedule of Long-term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Sep. 03, 2013	Apr. 07, 2011
Debt Instrument [Line Items]
Senior notes, interest rate			8.125%
Components of Long-term debt
Long-term debt	$ 468.1	$ 443.8
Less current maturities	17.8	9.4
Total long-term debt, net of current portion	$ 450.3	434.4
Revolving credit facility
Debt Instrument [Line Items]
Senior notes, interest rate	2.09%
Components of Long-term debt
Long-term debt	$ 169	162
Term loan
Debt Instrument [Line Items]
Senior notes, interest rate	2.38%
Components of Long-term debt
Long-term debt	$ 27.9	28.8
8.125% senior notes due 2021
Debt Instrument [Line Items]
Senior notes, interest rate	8.125%			8.125%
Components of Long-term debt
Long-term debt	$ 250	250
Other
Components of Long-term debt
Long-term debt	$ 21.2	$ 3

Financing Arrangements (Fair Va

Financing Arrangements (Fair Value of Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Carrying amount	$ 468.1	$ 443.8
Level 1 | Reported Value Measurement
Debt Instrument [Line Items]
Carrying amount	250	250
Level 1 | Estimate of Fair Value Measurement
Debt Instrument [Line Items]
Fair value	$ 263.4	$ 266.3

Financing Arrangements (Sched56

Financing Arrangements (Schedule of Maturities of Long-term Debt) (Details) $ in Millions	Dec. 31, 2015USD ($)
Debt Disclosure [Abstract]
2,016	$ 13.4
2,017	12.7
2,018	7
2,019	167.2
2,020	$ 0

Income Taxes (Textual) (Details

Income Taxes (Textual) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Operating Loss Carryforwards [Line Items]
Deferred tax asset, cumulative loss position term	3 years	3 years
Valuation allowances	$ 4.8	$ 7.1
Unrecognized tax benefits, if recognized, would affect the effective tax rate	5.5	5.4
Net interest and penalties	0.2	0.3
Payment of interest and penalties accrued	1.9	1.7
Decrease in Unrecognized Tax Benefits is Reasonably Possible	3
Undistributed earnings	91.2
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards for income tax purposes	18.1
Operating loss carryforward, subject to expiration	4.6
Valuation allowances	$ 4.2	$ 6.9
Foreign Tax Authority | Minimum
Operating Loss Carryforwards [Line Items]
Operating loss carryforward, expiration year	2,016
Foreign Tax Authority | Maximum
Operating Loss Carryforwards [Line Items]
Operating loss carryforward, expiration year	2,035
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards for income tax purposes	$ 2.2
Valuation allowance against state net operating loss carryforward	$ 1.3
State and Local Jurisdiction | Minimum
Operating Loss Carryforwards [Line Items]
Operating loss carryforward, expiration year	2,016
State and Local Jurisdiction | Maximum
Operating Loss Carryforwards [Line Items]
Operating loss carryforward, expiration year	2,035
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Tax Credit Carryforward, Amount	$ 0.7

Income Taxes (Income from Conti

Income Taxes (Income from Continuing Operations Before Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income from continuing operations before income tax expense
United States	$ 44.9	$ 54.3	$ 49.3
Outside the United States	25.8	18.5	11.7
Income before income taxes	$ 70.7	$ 72.8	$ 61

Income Taxes (Income Taxes) (De

Income Taxes (Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current expense:
Federal	$ 11.7	$ 17.6	$ 16
State	0.7	0.8	1.5
Foreign	6	6.2	4.2
Total	18.4	24.6	21.7
Deferred expense (benefit):
Federal	2.9	1.1	1.4
State	0.6	(0.8)	(2.6)
Foreign	(0.4)	0.3	(0.9)
Total	3.1	0.6	(2.1)
Income tax expense	$ 21.5	$ 25.2	$ 19.6

Income Taxes (Reconciliation Be

Income Taxes (Reconciliation Between Federal Statutory Tax Rate and Effective Tax Rates) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Rate reconciliation
Tax at statutory rate	$ 24.7	$ 25.4	$ 21.3
Effect of state income taxes, net	0.6	1.4	1.1
Effect of foreign operations	(1.6)	(0.9)	(0.2)
Valuation allowance	(0.7)	(1.1)	(1.6)
Non-deductible items	1.7	1.8	0.7
Manufacturer's deduction	(1.1)	(1.4)	(1.4)
Other, net	(2.1)	0	(0.3)
Income tax expense	$ 21.5	$ 25.2	$ 19.6

Income Taxes (Significant Compo

Income Taxes (Significant Components of the Company's Net Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Postretirement benefit obligation	$ 4.8	$ 6.2
Inventory	12	13.7
Net operating loss and credit carryforwards	6.1	6.3
Warranty reserve	1.9	2.5
Accrued litigation	2.9	1
Compensation	6	6
Other	10.1	10.7
Total deferred tax assets	43.8	46.4
Deferred tax liabilities:
Depreciation and amortization	15.2	13.2
Pension	21	23.3
Goodwill	2.5	2.7
Intangible assets	16.8	14.5
Other	1.6	1.4
Total deferred tax liabilities	57.1	55.1
Net deferred tax liabilities prior to valuation allowances	(13.3)	(8.7)
Valuation allowances	(4.8)	(7.1)
Net deferred tax liability	$ (18.1)	$ (15.8)

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Beginning and Ending amount of Unrecognized tax benefits
Unrecognized Tax Benefit — January 1,	$ 6.5	$ 5.9	$ 6.1
Gross Increases — Tax Positions in Prior Period	0.3	0.8	0.4
Gross Decreases — Tax Positions in Prior Period	(0.1)	(0.2)	(0.6)
Lapse of Statute of Limitations	(0.4)	0	0
Unrecognized Tax Benefit — December 31,	$ 6.3	$ 6.5	$ 5.9

Stock-Based Compensation (Textu

Stock-Based Compensation (Textual) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options outstanding and exercisable (in shares)	60,000	143,500
Intrinsic value of options exercised	$ 3.3	$ 0.1	$ 1.1
Proceeds from the exercise of stock options	$ 1.2	$ 0	$ 0.4
Stock option awards granted	0	0	0
Fair value of restricted stock units vested	$ 9	$ 11.5	$ 6.1
Unrecognized compensation expense	$ 10.5
Unrecognized compensation expense, expected weighted average recognition period	1 year 8 months
Number of shares available for grant	590,033
Restricted shares and performance shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 7.3	$ 5.8	$ 4.7
Range One
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise price range, lower limit (in dollars per share)	$ 15.61
Exercise price range, upper limit (in dollars per share)	$ 24.92
Options outstanding and exercisable (in shares)	60,000

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Number of Shares
Outstanding — beginning of year, number of shares	143,500
Granted, number of shares	0	0	0
Exercised, number of shares	(83,500)
Canceled or expired, number of shares	0
Outstanding — end of year, number of shares	60,000	143,500
Options exercisable, number of shares	60,000
Weighted Average Exercise Price
Outstanding - beginning of year, Weighted Average Exercise Price (in dollars per share)	$ 16.76
Granted, Weighted Average Exercise Price (in dollars per share)	0
Exercised, Weighted Average Exercise Price (in dollars per share)	14.86
Canceled or expired, Weighted Average Exercise Price (in dollars per share)	0
Outstanding - end of year, Weighted Average Exercise Price (in dollars per share)	19.41	$ 16.76
Options Exercisable - end of year, Weighted Average Exercise Price (in dollars per share)	$ 19.41
Outstanding - end of year, weighted average remaining contractual term	1 year 10 months 12 days
Options Exercisable, Weighted average remaining contractual life	1 year 10 months 12 days
Outstanding - end of year, Aggregate intrinsic value	$ 1
Options Exercisable, Aggregate intrinsic value	$ 1

Stock-Based Compensation (Sum65

Stock-Based Compensation (Summary of restricted share activity) (Details)	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Time-Based
Number of Shares
Outstanding - beginning of year, number of shares | shares	344,932
Granted, number of shares | shares	72,500
Vested, number of shares | shares	(179,167)
Canceled or expired, number of shares | shares	(29,836)
Outstanding - end of year, number of shares | shares	208,429
Weighted Average Grant Date Fair Value
Outstanding - beginning of year, weighted average grant date fair value (in dollars per share) | $ / shares	$ 33.55
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	44.26
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	32.93
Canceled or expired, weighted average grant date fair value (in dollars per share) | $ / shares	41.92
Outstanding - end of year, weighted average grant date fair value (in dollars per share) | $ / shares	$ 36.61
Performance-Based
Number of Shares
Outstanding - beginning of year, number of shares | shares	28,000
Granted, number of shares | shares	120,000
Vested, number of shares | shares	(14,000)
Canceled or expired, number of shares | shares	(14,000)
Outstanding - end of year, number of shares | shares	120,000
Weighted Average Grant Date Fair Value
Outstanding - beginning of year, weighted average grant date fair value (in dollars per share) | $ / shares	$ 20.30
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	48.72
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	20.30
Canceled or expired, weighted average grant date fair value (in dollars per share) | $ / shares	20.30
Outstanding - end of year, weighted average grant date fair value (in dollars per share) | $ / shares	$ 48.72

Commitments, Contingencies an66

Commitments, Contingencies and Litigation Judgment (Details) - USD ($) $ in Millions	Mar. 07, 2016	Sep. 30, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Aug. 13, 2015
Loss Contingencies [Line Items]
Rental expense			$ 19.7	$ 18.6	$ 17.6
Capital lease obligations			17.7			$ 50
Affiliated Entity
Loss Contingencies [Line Items]
Rental expense			2.4
TMK IPSCO
Loss Contingencies [Line Items]
Damages awarded		$ 5.2
Additional damages sought		$ 3.8
Direct Damages | TMK IPSCO
Loss Contingencies [Line Items]
Direct damages sought			$ 10
Subsequent Event | TMK IPSCO
Loss Contingencies [Line Items]
Damages awarded	$ 2.2

Commitments, Contingencies an67

Commitments, Contingencies and Litigation Judgment (Leases) (Details) $ in Millions	Dec. 31, 2015USD ($)
Future minimum lease commitments
2,016	$ 14.5
2,017	11
2,018	7.6
2,019	4.4
2,020	2.9
Thereafter	5.1
Total minimum lease payments	45.5
Capital Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2,016	4.9
2,017	3.7
2,018	3.6
2,019	3.6
2,020	3
Total minimum lease payments	18.8
Amounts representing interest	1.1
Present value of minimum lease payments	17.7
Current maturities	4.4
Long-term capital lease obligation	$ 13.3

Commitments, Contingencies an68

Commitments, Contingencies and Litigation Judgment (Capital Lease Assets) (Details) - Machinery and equipment $ in Millions	Dec. 31, 2015USD ($)
Capital Leased Assets [Line Items]
Leased properties under capital leases	$ 16.2
Less accumulated depreciation	0.5
Capital lease assets, net	$ 15.7

Pensions and Postretirement B69

Pensions and Postretirement Benefits (Textual) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Annual supplemental retirement benefit	$ 0.4
Supplemental retirement benefit, payment period, maximum	13 years
Supplemental retirement benefit, credited service period	7 years
Supplemental retirement benefit, service credit period	20 years
Supplemental retirement benefit, percent of pension to be received	100.00%
Supplemental retirement benefit, expense	$ 0.6	$ 0.5	$ 0.5
Non-qualified defined contribution retirement benefit, quarterly contribution	0.1
Non-qualified defined contribution retirement benefit, annual contribution	$ 0.4
Non-qualified defined contribution retirement benefit, contribution period	7 years
Non-qualified defined contribution retirement benefit, vesting percentage	100.00%
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets	8.25%	8.25%	8.25%
Estimated net loss, prior service cost and net transition obligation that will be amortized from accumulated other comprehensive income into net periodic benefit cost	$ 1.1
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Estimated net loss, prior service cost and net transition obligation that will be amortized from accumulated other comprehensive income into net periodic benefit cost	$ 0.3

Pensions and Postretirement B70

Pensions and Postretirement Benefits (Change in benefit obligation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	$ 125.7
Fair value of plan assets at end of year	117.3	$ 125.7
Pension Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	61.1	52.1
Service cost	2.6	2.2	$ 2.6
Interest cost	2.3	2.2	2
Actuarial (gains) losses	(3)	8.8
Plan amendment	0	0.4
Benefits and expenses paid, net of contributions	(4.6)	(4.6)
Benefit obligation at end of year	58.4	61.1	52.1
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	125.7	125.4
Actual return on plan assets	(2.9)	5.8
Company contributions	0	0
Cash transfer to fund postretirement benefit payments	(0.9)	(0.9)
Benefits and expenses paid, net of contributions	(4.6)	(4.6)
Fair value of plan assets at end of year	117.3	125.7	125.4
Funded (underfunded) status of the plans	58.9	64.6
Postretirement Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	17	16.2
Service cost	0	0	0.1
Interest cost	0.6	0.6	0.6
Actuarial (gains) losses	(2.7)	1.9
Plan amendment	0	0
Benefits and expenses paid, net of contributions	(1.3)	(1.7)
Benefit obligation at end of year	13.5	17	16.2
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Company contributions	1.3	1.7
Cash transfer to fund postretirement benefit payments	0	0
Benefits and expenses paid, net of contributions	(1.3)	(1.7)
Fair value of plan assets at end of year	0	0	$ 0
Funded (underfunded) status of the plans	$ (13.5)	$ (17)

Pensions and Postretirement B71

Pensions and Postretirement Benefits (Amounts recognized in the balance sheet) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Current liabilities	$ 1.4	$ 1.6
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Noncurrent assets	58.9	64.6
Noncurrent liabilities	0	0
Current liabilities	0	0
Amounts recognized in consolidated balance sheets - net assets (liabilities)	58.9	64.6
Net actuarial loss	25.2	15.3
Net prior service cost (credit)	0.3	0.4
Accumulated other comprehensive loss	25.5	15.7
Postretirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Noncurrent assets	0	0
Noncurrent liabilities	12.1	15.4
Current liabilities	1.4	1.6
Amounts recognized in consolidated balance sheets - net assets (liabilities)	(13.5)	(17)
Net actuarial loss	4.4	7.6
Net prior service cost (credit)	(0.3)	(0.4)
Accumulated other comprehensive loss	$ 4.1	$ 7.2

Pensions and Postretirement B72

Pensions and Postretirement Benefits (Weighted-average asset allocation) (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocation	100.00%
Actual plan asset allocation	100.00%	100.00%
Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocation, minimum	45.00%
Target plan asset allocation, maximum	75.00%
Actual plan asset allocation	62.70%	64.60%
Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocation, minimum	20.00%
Target plan asset allocation, maximum	40.00%
Actual plan asset allocation	25.40%	27.90%
Other Securities
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocation, minimum	0.00%
Target plan asset allocation, maximum	20.00%
Actual plan asset allocation	11.90%	7.50%

Pensions and Postretirement B73

Pensions and Postretirement Benefits (Assets by fair value hierarchy) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 125.7	$ 125.7
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	125.7
Fair value of plan assets at end of year	117.3	125.7
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	115.9	115.9
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	115.9
Fair value of plan assets at end of year	103.1	115.9
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2.2	2.2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	2.2
Fair value of plan assets at end of year	1.5	2.2
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7.6	7.6
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	7.6
Fair value of plan assets at end of year	12.7	7.6
Common Stock
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	47.8	47.8
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	47.8
Fair value of plan assets at end of year	39.8	47.8
Common Stock | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	45.6	45.6
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	45.6
Fair value of plan assets at end of year	38.3	45.6
Common Stock | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2.2	2.2
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	2.2
Fair value of plan assets at end of year	1.5	2.2
Common Stock | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Equity Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	29	29
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	29
Fair value of plan assets at end of year	29.1	29
Equity Funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	29	29
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	29
Fair value of plan assets at end of year	29.1	29
Equity Funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Equity Funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Foreign Stock
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5.4	5.4
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	5.4
Fair value of plan assets at end of year	5.7	5.4
Foreign Stock | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5.4	5.4
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	5.4
Fair value of plan assets at end of year	5.7	5.4
Foreign Stock | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Foreign Stock | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
U.S. Government obligations
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7	7
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	7
Fair value of plan assets at end of year	7.4	7
U.S. Government obligations | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7	7
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	7
Fair value of plan assets at end of year	7.4	7
U.S. Government obligations | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
U.S. Government obligations | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Fixed Income Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	19.6	19.6
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	19.6
Fair value of plan assets at end of year	14.6	19.6
Fixed Income Funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	19.6	19.6
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	19.6
Fair value of plan assets at end of year	14.6	19.6
Fixed Income Funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Fixed Income Funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Corporate Bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7.5	7.5
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	7.5
Fair value of plan assets at end of year	6.8	7.5
Corporate Bonds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7.5	7.5
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	7.5
Fair value of plan assets at end of year	6.8	7.5
Corporate Bonds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Corporate Bonds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Cash and Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1.8	1.8
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	1.8
Fair value of plan assets at end of year	1.2	1.8
Cash and Cash Equivalents | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1.8	1.8
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	1.8
Fair value of plan assets at end of year	1.2	1.8
Cash and Cash Equivalents | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Cash and Cash Equivalents | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Hedge Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7.6	7.3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	7.6	7.3
Net Unrealized Gain	0.1	0.3
Purchases	5	0
Fair value of plan assets at end of year	12.7	7.6
Hedge Funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Hedge Funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	0
Fair value of plan assets at end of year	0	0
Hedge Funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7.6	7.6
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets at beginning of year	7.6
Fair value of plan assets at end of year	$ 12.7	$ 7.6

Pensions and Postretirement B74

Pensions and Postretirement Benefits (Fair value assumptions) (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.13%	3.82%	4.51%
Expected return on plan assets	8.25%	8.25%	8.25%
Rate of compensation increase	3.00%	3.00%	2.00%
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.80%	3.60%	4.21%
Medical health care benefits rate increase	6.75%	7.00%	6.50%
Medical drug benefits rate increase	6.75%	7.00%	6.50%
Ultimate health care cost trend rate	5.00%	5.00%	5.00%
Year of ultimate trend rate	2,022	2,022	2,042

Pensions and Postretirement B75

Pensions and Postretirement Benefits (Components of net periodic benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension Benefits
Components of net periodic benefit cost
Service costs	$ 2.6	$ 2.2	$ 2.6
Interest costs	2.3	2.2	2
Expected return on plan assets	(10.2)	(10.1)	(8.9)
Amortization of prior service cost (credit)	0	0.1	0
Recognized net actuarial loss	0.3	0	0.8
Net periodic benefit (gains) costs	(5)	(5.6)	(3.5)
Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss
AOCI at beginning of year	15.7	2.2	20.3
Net loss (gain) arising during the year	10.1	13.1	(17.3)
Recognition of prior service credit	0	0	0
Recognition of actuarial loss	(0.3)	0.4	(0.8)
Total recognized in accumulated other comprehensive loss at end of year	25.5	15.7	2.2
Postretirement Benefits
Components of net periodic benefit cost
Service costs	0	0	0.1
Interest costs	0.6	0.6	0.6
Expected return on plan assets	0	0	0
Amortization of prior service cost (credit)	(0.1)	(0.1)	(0.1)
Recognized net actuarial loss	0.5	0.5	0.7
Net periodic benefit (gains) costs	1	1	1.3
Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss
AOCI at beginning of year	7.2	5.8	7.6
Net loss (gain) arising during the year	(2.7)	1.8	(1.2)
Recognition of prior service credit	0.1	0.1	0.1
Recognition of actuarial loss	(0.5)	(0.5)	(0.7)
Total recognized in accumulated other comprehensive loss at end of year	$ 4.1	$ 7.2	$ 5.8

Pensions and Postretirement B76

Pensions and Postretirement Benefits (Expected future benefit payments) (Details) $ in Millions	Dec. 31, 2015USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2,016	$ 4.2
2,017	4.5
2,018	4.3
2,019	4.3
2,020	4.5
2021 to 2025	22.9
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
2,016	1.5
2,017	1.4
2,018	1.3
2,019	1.2
2,020	1.1
2021 to 2025	4.7
Postretirement Benefits | Gross Including Medicare Subsidy
Defined Benefit Plan Disclosure [Line Items]
2,016	1.6
2,017	1.5
2,018	1.4
2,019	1.3
2,020	1.2
2021 to 2025	5.2
Postretirement Benefits | Expected Medicare Subsidy
Defined Benefit Plan Disclosure [Line Items]
2,016	0.1
2,017	0.1
2,018	0.1
2,019	0.1
2,020	0.1
2021 to 2025	$ 0.5

Pensions and Postretirement B77

Pensions and Postretirement Benefits (Effect of one-percentage-point change in the assumed health care cost trend rate) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Compensation and Retirement Disclosure [Abstract]
Effect on total of service and interest cost components, 1-percentage point increase	$ 0
Effect on total of service and interest cost components, 1-percentage point decrease	0
Effect on postretirement benefit obligation, 1-percentage point increase	1
Effect on postretirement benefit obligation, 1-percentage point decrease	$ (0.9)

Accumulated Other Comprehensi78

Accumulated Other Comprehensive Income (Loss) (Components of accumulated comprehensive loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ (14)
Ending balance	(30)	$ (14)
Cumulative Translation Adjustment
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(5.1)	2.8	$ 5.3
Foreign currency translation adjustments	(11.8)	(7.9)	(2.5)
Recognition of actuarial gain, net	0	0	0
Tax adjustment	0	0	0
Pension and OPEB activity, net of taxes	0	0	0
Ending balance	(16.9)	(5.1)	2.8
Pension and Postretirement Benefits
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(8.9)	0.6	(12.2)
Foreign currency translation adjustments	0	0	0
Recognition of actuarial gain, net	(6.7)	(14.9)	19.9
Tax adjustment	2.5	5.4	(7.1)
Pension and OPEB activity, net of taxes	(4.2)	(9.5)	12.8
Ending balance	(13.1)	(8.9)	0.6
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(14)	3.4	(6.9)
Foreign currency translation adjustments	(11.8)	(7.9)	(2.5)
Recognition of actuarial gain, net	(6.7)	(14.9)	19.9
Tax adjustment	2.5	5.4	(7.1)
Pension and OPEB activity, net of taxes	(4.2)	(9.5)	12.8
Ending balance	$ (30)	$ (14)	$ 3.4

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 07, 2016	Feb. 29, 2016	Feb. 01, 2016	Sep. 30, 2013
Subsequent Event
Subsequent Event [Line Items]
Dividend declared (in dollars per share)			$ 0.125
Dividend paid		$ 1.5
TMK IPSCO
Subsequent Event [Line Items]
Damages awarded				$ 5.2
TMK IPSCO | Subsequent Event
Subsequent Event [Line Items]
Damages awarded	$ 2.2

Supplemental Guarantor Inform80

Supplemental Guarantor Information (Textual) (Details)	Aug. 01, 2013
Southwest Steel Processing LLC
Supplemental Guarantor Information (Textual) [Abstract]
Sale of noncontrolling interest, percentage	25.00%

Supplemental Guarantor Inform81

Supplemental Guarantor Information (Condensed Consolidating Balance Sheets) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 48.4	$ 48.3	$ 43.7	$ 42.4
Accounts receivable, net	199.3	208
Inventories, net	249	238.4
Deferred tax assets	0	28.1
Unbilled contract revenue	26.5	26.8
Receivable from affiliates	8.6	0.5
Prepaid and other current assets	12.5	22
Total current assets	544.3	572.1
Investment in subsidiaries	0	0
Intercompany advances	0	0
Net property, plant and equipment	154.1	141
Goodwill	82	89.5	60.4	49.7
Intangible assets, net	92.8	88.1
Other long-term assets	70.9	73.2
Total assets	944.1	963.9	807.4
Current liabilities:
Trade accounts payable	129.7	162.1
Payables to affiliates	6.6	1.8
Accrued expenses and other	95.3	103.7
Total current liabilities	231.6	267.6
Long-term liabilities, less current portion:
Debt	450.3	434.4
Deferred tax liabilities	21.4	43.9
Other postretirement benefits and other long-term liabilities	38.5	40.1
Total long-term liabilities	510.2	518.4
Intercompany advances	0	0
Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity	195.4	171.6
Noncontrolling interest	6.9	6.3
Total equity	202.3	177.9	150.6	96.4
Total liabilities and shareholder's equity	944.1	963.9
Parent
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0
Inventories, net	0	0
Deferred tax assets		0
Unbilled contract revenue	0	0
Receivable from affiliates	0	0
Prepaid and other current assets	0.8	1.6
Total current assets	0.8	1.6
Investment in subsidiaries	495.4	451.8
Intercompany advances	249.2	249.5
Net property, plant and equipment	6.7	7.1
Goodwill	0	0
Intangible assets, net	0	0
Other long-term assets	61.7	68
Total assets	813.8	778
Current liabilities:
Trade accounts payable	0	2.2
Payables to affiliates	0	0
Accrued expenses and other	15.2	18
Total current liabilities	15.2	20.2
Long-term liabilities, less current portion:
Debt	435.1	432.2
Deferred tax liabilities	0	0
Other postretirement benefits and other long-term liabilities	16.4	25.1
Total long-term liabilities	451.5	457.3
Intercompany advances	144.8	122.6
Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity	195.4	171.6
Noncontrolling interest	6.9	6.3
Total equity	202.3	177.9
Total liabilities and shareholder's equity	813.8	778
Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	0.1	3.8	0.7	0.2
Accounts receivable, net	139.7	148.3
Inventories, net	183.1	176.2
Deferred tax assets		27.4
Unbilled contract revenue	24.3	18.1
Receivable from affiliates	0	0
Prepaid and other current assets	9.9	14.9
Total current assets	357.1	388.7
Investment in subsidiaries	173.5	162.6
Intercompany advances	65.4	86
Net property, plant and equipment	112.2	101.2
Goodwill	56.5	56.6
Intangible assets, net	69.4	74.6
Other long-term assets	4.8	1.8
Total assets	838.9	871.5
Current liabilities:
Trade accounts payable	91.5	120.4
Payables to affiliates	0	0
Accrued expenses and other	58.6	52.1
Total current liabilities	150.1	172.5
Long-term liabilities, less current portion:
Debt	14.6	2
Deferred tax liabilities	17.1	41.6
Other postretirement benefits and other long-term liabilities	13	9
Total long-term liabilities	44.7	52.6
Intercompany advances	172.9	214.2
Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity	471.2	432.2
Noncontrolling interest	0	0
Total equity	471.2	432.2
Total liabilities and shareholder's equity	838.9	871.5
Combined Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	48.3	44.5	43	42.2
Accounts receivable, net	59.6	59.7
Inventories, net	65.9	62.2
Deferred tax assets		0.7
Unbilled contract revenue	2.2	8.7
Receivable from affiliates	8.6	0.5
Prepaid and other current assets	1.8	5.5
Total current assets	186.4	181.8
Investment in subsidiaries	0	0
Intercompany advances	151.6	161.2
Net property, plant and equipment	35.2	32.7
Goodwill	25.5	32.9
Intangible assets, net	23.4	13.5
Other long-term assets	4.4	3.4
Total assets	426.5	425.5
Current liabilities:
Trade accounts payable	38.2	39.5
Payables to affiliates	6.6	1.8
Accrued expenses and other	21.5	33.6
Total current liabilities	66.3	74.9
Long-term liabilities, less current portion:
Debt	0.6	0.2
Deferred tax liabilities	4.3	2.3
Other postretirement benefits and other long-term liabilities	9.1	6
Total long-term liabilities	14	8.5
Intercompany advances	148.5	159.9
Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity	190.8	175.9
Noncontrolling interest	6.9	6.3
Total equity	197.7	182.2
Total liabilities and shareholder's equity	426.5	425.5
Reclassifications/ Eliminations
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts receivable, net	0	0
Inventories, net	0	0
Deferred tax assets		0
Unbilled contract revenue	0	0
Receivable from affiliates	0	0
Prepaid and other current assets	0	0
Total current assets	0	0
Investment in subsidiaries	(668.9)	(614.4)
Intercompany advances	(466.2)	(496.7)
Net property, plant and equipment	0	0
Goodwill	0	0
Intangible assets, net	0	0
Other long-term assets	0	0
Total assets	(1,135.1)	(1,111.1)
Current liabilities:
Trade accounts payable	0	0
Payables to affiliates	0	0
Accrued expenses and other	0	0
Total current liabilities	0	0
Long-term liabilities, less current portion:
Debt	0	0
Deferred tax liabilities	0	0
Other postretirement benefits and other long-term liabilities	0	0
Total long-term liabilities	0	0
Intercompany advances	(466.2)	(496.7)
Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity	(662)	(608.1)
Noncontrolling interest	(6.9)	(6.3)
Total equity	(668.9)	(614.4)
Total liabilities and shareholder's equity	$ (1,135.1)	$ (1,111.1)

Supplemental Guarantor Inform82

Supplemental Guarantor Information (Consolidating Statements of Operations) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Consolidating statement of operations
Net sales		$ 1,463.8	$ 1,378.7	$ 1,203.2
Cost of sales		1,228.6	1,144.2	992.2
Gross profit		235.2	234.5	211
Selling, general and administrative expenses		134.4	135.6	119.5
Litigation judgment and settlement costs		2.2	0	5.2
Income (loss) from subsidiaries		0	0	0
Operating income		98.6	98.9	86.3
Gain on acquisition of business	$ (0.6)	0	0	(0.6)
Interest expense		27.9	26.1	25.9
Income from continuing operations before income taxes		70.7	72.8	61
Income tax expense		21.5	25.2	19.6
Net income from continuing operations		49.2	47.6	41.4
Income from discontinued operations, net of taxes		0	0	3
Net income		49.2	47.6	44.4
Net income attributable to noncontrolling interest		(0.6)	(1.3)	(0.5)
Net income attributable to ParkOhio common shareholder		48.6	46.3	43.9
Other comprehensive income (loss):
Foreign currency translation (loss)		(11.8)	(7.9)	(2.5)
Pension and postretirement benefit adjustments, net of tax		(4.2)	(9.5)	12.8
Total comprehensive income, net of tax		33.2	30.2	54.7
Comprehensive income attributable to noncontrolling interest		(0.6)	(1.3)	(0.5)
Comprehensive income attributable to ParkOhio common shareholder		32.6	28.9	54.2
Parent
Consolidating statement of operations
Net sales		0	0	0
Cost of sales		0	0	0
Gross profit		0	0	0
Selling, general and administrative expenses		28.6	26.2	20.9
Litigation judgment and settlement costs		2.2	0	0
Income (loss) from subsidiaries		106.6	99.5	88.2
Operating income		75.8	73.3	67.3
Gain on acquisition of business			0	0
Interest expense		26.6	25.7	25.9
Income from continuing operations before income taxes		49.2	47.6	41.4
Income tax expense		0	0	0
Net income from continuing operations			47.6	41.4
Income from discontinued operations, net of taxes			0	3
Net income		49.2	47.6	44.4
Net income attributable to noncontrolling interest		(0.6)	(1.3)	(0.5)
Net income attributable to ParkOhio common shareholder		48.6	46.3	43.9
Other comprehensive income (loss):
Foreign currency translation (loss)		(11.8)	(7.9)	(2.5)
Pension and postretirement benefit adjustments, net of tax		(4.2)	(9.5)	12.8
Total comprehensive income, net of tax		33.2	30.2	54.7
Comprehensive income attributable to noncontrolling interest		(0.6)	(1.3)	(0.5)
Comprehensive income attributable to ParkOhio common shareholder		32.6	28.9	54.2
Guarantor Subsidiaries
Consolidating statement of operations
Net sales		1,135.5	1,103	989
Cost of sales		967.6	928.7	819.7
Gross profit		167.9	174.3	169.3
Selling, general and administrative expenses		70.6	74.7	72.7
Litigation judgment and settlement costs		0	0	5.2
Income (loss) from subsidiaries		20.6	15.5	9.4
Operating income		117.9	115.1	100.8
Gain on acquisition of business			0	(0.6)
Interest expense		0	0	0.1
Income from continuing operations before income taxes		117.9	115.1	101.3
Income tax expense		14.7	17.4	16.3
Net income from continuing operations			97.7	85
Income from discontinued operations, net of taxes			0	0
Net income		103.2	97.7	85
Net income attributable to noncontrolling interest		0	0	0
Net income attributable to ParkOhio common shareholder		103.2	97.7	85
Other comprehensive income (loss):
Foreign currency translation (loss)		0	0	0
Pension and postretirement benefit adjustments, net of tax		(4.2)	(9.5)	12.8
Total comprehensive income, net of tax		99	88.2	97.8
Comprehensive income attributable to noncontrolling interest		0	0	0
Comprehensive income attributable to ParkOhio common shareholder		99	88.2	97.8
Combined Non-Guarantor Subsidiaries
Consolidating statement of operations
Net sales		328.3	275.7	214.2
Cost of sales		261	215.5	172.5
Gross profit		67.3	60.2	41.7
Selling, general and administrative expenses		35.2	34.7	25.9
Litigation judgment and settlement costs		0	0	0
Income (loss) from subsidiaries		0	0	0
Operating income		32.1	25.5	15.8
Gain on acquisition of business			0	0
Interest expense		1.3	0.4	(0.1)
Income from continuing operations before income taxes		30.8	25.1	15.9
Income tax expense		6.8	7.8	3.3
Net income from continuing operations			17.3	12.6
Income from discontinued operations, net of taxes			0	3
Net income		24	17.3	15.6
Net income attributable to noncontrolling interest		(0.6)	(1.3)	(0.5)
Net income attributable to ParkOhio common shareholder		23.4	16	15.1
Other comprehensive income (loss):
Foreign currency translation (loss)		(11.8)	(7.9)	(2.5)
Pension and postretirement benefit adjustments, net of tax		0	0	0
Total comprehensive income, net of tax		12.2	9.4	13.1
Comprehensive income attributable to noncontrolling interest		(0.6)	(1.3)	(0.5)
Comprehensive income attributable to ParkOhio common shareholder		11.6	8.1	12.6
Reclassifications/ Eliminations
Consolidating statement of operations
Net sales		0	0	0
Cost of sales		0	0	0
Gross profit		0	0	0
Selling, general and administrative expenses		0	0	0
Litigation judgment and settlement costs		0	0	0
Income (loss) from subsidiaries		(127.2)	(115)	(97.6)
Operating income		(127.2)	(115)	(97.6)
Gain on acquisition of business			0	0
Interest expense		0	0	0
Income from continuing operations before income taxes		(127.2)	(115)	(97.6)
Income tax expense		0	0	0
Net income from continuing operations			(115)	(97.6)
Income from discontinued operations, net of taxes			0	(3)
Net income		(127.2)	(115)	(100.6)
Net income attributable to noncontrolling interest		0.6	1.3	0.5
Net income attributable to ParkOhio common shareholder		(126.6)	(113.7)	(100.1)
Other comprehensive income (loss):
Foreign currency translation (loss)		11.8	7.9	2.5
Pension and postretirement benefit adjustments, net of tax		4.2	9.5	(12.8)
Total comprehensive income, net of tax		(111.2)	(97.6)	(110.9)
Comprehensive income attributable to noncontrolling interest		0.6	1.3	0.5
Comprehensive income attributable to ParkOhio common shareholder		$ (110.6)	$ (96.3)	$ (110.4)

Supplemental Guarantor Inform83

Supplemental Guarantor Information (Condensed Consolidating Statements of Cash Flows) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES
Net cash provided (used) by operating activities	$ 37.2	$ 55.9	$ 59.7
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(36.5)	(25.8)	(29.8)
Proceeds from sale and leaseback transactions	0	0	7.4
Proceeds from sale of assets	0	2.1	14.2
Business acquisitions, net of cash acquired	0	(72.7)	(45.8)
Net cash used by investing activities	(36.5)	(96.4)	(54)
FINANCING ACTIVITIES
Intercompany account change	0	0	0
Proceeds from term loans and other debt	2.3	14.2	0
Payments on term loans and other debt	(3.6)	(6.6)	(4.2)
Proceeds from revolving credit facility	7.9	50.3	9.1
Proceeds from capital lease credit facility, net	13.8	0	0
Dividend paid to parent	(17)	(10)	(10.7)
Income tax effect of share-based compensation exercises and vesting	0.9	1.3	0.5
Other	0	(1.3)	0
Net cash provided (used) by financing activities	4.3	47.9	(5.3)
Effect of exchange rate changes on cash	(4.9)	(2.8)	0.9
Increase in cash and cash equivalents	0.1	4.6	1.3
Cash and cash equivalents at beginning of period	48.3	43.7	42.4
Cash and cash equivalents at end of period	48.4	48.3	43.7
Parent
OPERATING ACTIVITIES
Net cash provided (used) by operating activities	(36.4)	(21.2)	(38.1)
INVESTING ACTIVITIES
Purchases of property, plant and equipment	0	(0.2)	(1)
Proceeds from sale and leaseback transactions			0
Proceeds from sale of assets		0	13.5
Business acquisitions, net of cash acquired		0	0
Net cash used by investing activities	0	(0.2)	12.5
FINANCING ACTIVITIES
Intercompany account change	45.6	(30.7)	30.3
Proceeds from term loans and other debt	2.3	14.1	0
Payments on term loans and other debt	(3.3)	(3.6)	(3.6)
Proceeds from revolving credit facility	7.9	50.3	9.1
Proceeds from capital lease credit facility, net	0
Dividend paid to parent	(17)	(10)	(10.7)
Income tax effect of share-based compensation exercises and vesting	0.9	1.3	0.5
Other		0
Net cash provided (used) by financing activities	36.4	21.4	25.6
Effect of exchange rate changes on cash	0	0	0
Increase in cash and cash equivalents	0	0	0
Cash and cash equivalents at beginning of period	0	0	0
Cash and cash equivalents at end of period	0	0	0
Guarantor Subsidiaries
OPERATING ACTIVITIES
Net cash provided (used) by operating activities	82	89.8	81.8
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(29.6)	(8.3)	(23.8)
Proceeds from sale and leaseback transactions			7.4
Proceeds from sale of assets		2.1	0.7
Business acquisitions, net of cash acquired		(47.5)	(21.6)
Net cash used by investing activities	(29.6)	(53.7)	(37.3)
FINANCING ACTIVITIES
Intercompany account change	(69)	(32.4)	(43.6)
Proceeds from term loans and other debt	0	0	0
Payments on term loans and other debt	1.1	(0.6)	(0.4)
Proceeds from revolving credit facility	0	0	0
Proceeds from capital lease credit facility, net	11.8
Dividend paid to parent	0	0	0
Income tax effect of share-based compensation exercises and vesting	0	0	0
Other		0
Net cash provided (used) by financing activities	(56.1)	(33)	(44)
Effect of exchange rate changes on cash	0	0	0
Increase in cash and cash equivalents	(3.7)	3.1	0.5
Cash and cash equivalents at beginning of period	3.8	0.7	0.2
Cash and cash equivalents at end of period	0.1	3.8	0.7
Combined Non-Guarantor Subsidiaries
OPERATING ACTIVITIES
Net cash provided (used) by operating activities	33.2	14.4	19.9
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(6.9)	(17.3)	(5)
Proceeds from sale and leaseback transactions			0
Proceeds from sale of assets		0	13.5
Business acquisitions, net of cash acquired		(25.2)	(24.2)
Net cash used by investing activities	(6.9)	(42.5)	(15.7)
FINANCING ACTIVITIES
Intercompany account change	(18.2)	36	(4.1)
Proceeds from term loans and other debt	0	0.1	0
Payments on term loans and other debt	(1.4)	(2.4)	(0.2)
Proceeds from revolving credit facility	0	0	0
Proceeds from capital lease credit facility, net	2
Dividend paid to parent	0	0	0
Income tax effect of share-based compensation exercises and vesting	0	0	0
Other		(1.3)
Net cash provided (used) by financing activities	(17.6)	32.4	(4.3)
Effect of exchange rate changes on cash	(4.9)	(2.8)	0.9
Increase in cash and cash equivalents	3.8	1.5	0.8
Cash and cash equivalents at beginning of period	44.5	43	42.2
Cash and cash equivalents at end of period	48.3	44.5	43
Reclassifications/ Eliminations
OPERATING ACTIVITIES
Net cash provided (used) by operating activities	(41.6)	(27.1)	(3.9)
INVESTING ACTIVITIES
Purchases of property, plant and equipment	0	0	0
Proceeds from sale and leaseback transactions			0
Proceeds from sale of assets		0	(13.5)
Business acquisitions, net of cash acquired		0	0
Net cash used by investing activities	0	0	(13.5)
FINANCING ACTIVITIES
Intercompany account change	41.6	27.1	17.4
Proceeds from term loans and other debt	0	0	0
Payments on term loans and other debt	0	0	0
Proceeds from revolving credit facility	0	0	0
Proceeds from capital lease credit facility, net	0
Dividend paid to parent	0	0	0
Income tax effect of share-based compensation exercises and vesting	0	0	0
Other		0
Net cash provided (used) by financing activities	41.6	27.1	17.4
Effect of exchange rate changes on cash	0	0	0
Increase in cash and cash equivalents	0	0	0
Cash and cash equivalents at beginning of period	0	0	0
Cash and cash equivalents at end of period	$ 0	$ 0	$ 0

Valuation and Qualifying Acco84

Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Trade receivable allowances
Valuation and Qualifying Accounts and Reserves
Balance at Beginning of Period	$ 4.1	$ 3.7	$ 3.5
Charged to Costs and Expenses	0.4	0.3	1.8
Deductions and Other	(1.2)	0.1	(1.6)
Balance at End of Period	3.3	4.1	3.7
Inventory obsolescence reserve
Valuation and Qualifying Accounts and Reserves
Balance at Beginning of Period	29.9	28.4	27.2
Charged to Costs and Expenses	4.2	8.4	9.4
Deductions and Other	(5.1)	(6.9)	(8.2)
Balance at End of Period	29	29.9	28.4
Tax valuation allowances
Valuation and Qualifying Accounts and Reserves
Balance at Beginning of Period	7.1	2.6	4.2
Charged to Costs and Expenses	(0.7)	(1.1)	(1.6)
Deductions and Other	(1.6)	5.6	0
Balance at End of Period	$ 4.8	$ 7.1	$ 2.6