Park Ohio Industries 10-Q 10 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 31, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	PARK OHIO INDUSTRIES INC/OH
Entity Central Index Key	1,068,148
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		100

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 48.3	$ 48.4
Accounts receivable, net	200.4	199.3
Inventories, net	248.9	249
Receivable from affiliates	10.7	8.6
Other current assets	45.6	39
Total current assets	553.9	544.3
Property, plant and equipment, net	151.2	154.1
Goodwill	81.7	82
Intangible assets, net	89.1	92.8
Other long-term assets	68.7	66.4
Total assets	944.6	939.6
Current liabilities:
Trade accounts payable	134.9	129.7
Payable to affiliates	7.1	6.6
Accrued expenses and other	96.3	95.3
Total current liabilities	238.3	231.6
Long-term liabilities, less current portion:
Debt	434	445.8
Deferred tax liabilities	21.4	21.4
Other long-term liabilities	34.4	38.5
Total long-term liabilities	489.8	505.7
Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity:
Common stock, par value $1 per share	0	0
Additional paid-in capital	102.4	96.8
Retained earnings	140.7	128.6
Accumulated other comprehensive loss	(33.5)	(30)
Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity	209.6	195.4
Noncontrolling interest	6.9	6.9
Total equity	216.5	202.3
Total liabilities and shareholder's equity	$ 944.6	$ 939.6

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 1	$ 1

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Net sales	$ 329.4	$ 377.3	$ 657.4	$ 752
Cost of sales	275.1	316.9	555.3	633.2
Gross profit	54.3	60.4	102.1	118.8
Selling, general and administrative expenses	33.4	34.5	65.8	68.5
Asset impairment	0	0	4	0
Operating income	20.9	25.9	32.3	50.3
Interest expense	7	6.9	14.1	13.7
Income before income taxes	13.9	19	18.2	36.6
Income tax expense	4.5	6.2	6.1	12.6
Net income	9.4	12.8	12.1	24
Net income attributable to noncontrolling interest	0	(0.2)	0	(0.5)
Net income attributable to ParkOhio common shareholder	$ 9.4	$ 12.6	$ 12.1	$ 23.5

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 9.4	$ 12.8	$ 12.1	$ 24
Other comprehensive income:
Foreign currency translation gain (loss)	(6.5)	2.7	(3.9)	(2.6)
Pension and other postretirement benefit adjustments, net of tax	0.2	0.1	0.4	0.3
Total other comprehensive income (loss)	(6.3)	2.8	(3.5)	(2.3)
Total comprehensive income, net of tax	3.1	15.6	8.6	21.7
Comprehensive income attributable to noncontrolling interest	0	(0.2)	0	(0.5)
Comprehensive income attributable to ParkOhio common shareholder	$ 3.1	$ 15.4	$ 8.6	$ 21.2

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES
Net income	$ 12.1	$ 24
Adjustments to reconcile net income to net cash provided (used) by operating activities:
Depreciation and amortization	15.1	13.6
Asset impairment	4	0
Share-based compensation	5.5	2.9
Changes in operating assets and liabilities:
Accounts receivable	(1)	(10.6)
Inventories	(0.4)	(15.7)
Prepaid and other current assets	(6.3)	(2.7)
Accounts payable and accrued expenses	5.7	(19.3)
Other noncurrent liabilities	(4.1)	6.7
Other	(3.8)	(7.4)
Net cash provided (used) by operating activities	26.8	(8.5)
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(14)	(19.9)
Net cash used by investing activities	(14)	(19.9)
FINANCING ACTIVITIES
Proceeds from term loans and other debt	6.1	3.3
Payments on term loans and other debt	(2.2)	(1.5)
(Payments) proceeds from revolving credit facility, net	(13.5)	24.9
Payments on capital lease facilities, net	(1.6)	0
Payment of acquisition earn-out	(2)	0
Dividend paid to Parent	0	(2.5)
Net cash (used) provided by financing activities	(13.2)	24.2
Effect of exchange rate changes on cash	0.3	(1.5)
Decrease in cash and cash equivalents	(0.1)	(5.7)
Cash and cash equivalents at beginning of period	48.4	48.3
Cash and cash equivalents at end of period	48.3	42.6
Income taxes paid	2.4	7.6
Interest paid	$ 13.1	$ 12.7

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The condensed consolidated financial statements include the accounts of Park-Ohio Industries, Inc. and its subsidiaries (collectively, “we”, “our” or the “Company”). All intercompany accounts and transactions have been eliminated in consolidation. Park-Ohio Industries, Inc. is a wholly-owned subsidiary of Park-Ohio Holdings Corp. (“Holdings”). Certain amounts in the prior years’ financial statements have been reclassified to conform to the current year presentation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three- and six -month periods ended June 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016 . The balance sheet at December 31, 2015 has been derived from the audited financial statements at that date, but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 . 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.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2016
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Accounting Pronouncements Adopted In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, “Interest-Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs.” The ASU 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. The Company adopted this ASU during the first quarter of 2016 and applied this standard retrospectively to 2015. The new guidance only impacted the presentation of the Company's financial position and did not affect the Company's results of operations or cash flows. Refer to Note 7 for the impact on our consolidated balance sheet at December 31, 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 January 2016, the FASB issued ASU 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." The amendments in the ASU address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The FASB also is addressing measurement of credit losses on financial assets in a separate project. The 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 ASU 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. The 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. In March 2016, the FASB issued ASU 2016-09 “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” The ASU simplifies several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification of related amounts within the statement of cash flows. The ASU is effective for fiscal years beginning with the first quarter of 2017, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance. No other recently issued ASUs are expected to have a material impact on our results of operations, financial condition or liquidity.

Segments

Segments	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segments	Segments Our operating segments are defined as components of the enterprise for which separate financial information is available and evaluated on a regular basis by our chief operating decision maker to allocate resources and assess performance. For purposes of measuring business segment performance, the Company utilizes segment operating income, which is defined as revenues less expenses identifiable to the product lines within each segment. The Company does not allocate items that are non-operating; unusual in nature; or are corporate costs, which include but are not limited to executive compensation and corporate office costs. Segment operating income reconciles to consolidated income before income taxes by deducting corporate costs, certain non-cash charges and net interest expense. Results by business segment were as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In millions) Net sales: Supply Technologies $ 132.9 $ 150.2 $ 262.8 $ 301.6 Assembly Components 134.3 139.8 266.0 280.3 Engineered Products 62.2 87.3 128.6 170.1 $ 329.4 $ 377.3 $ 657.4 $ 752.0 Segment operating income: Supply Technologies $ 10.9 $ 13.0 $ 21.1 $ 27.2 Assembly Components 14.2 13.6 24.4 24.2 Engineered Products 3.2 5.2 4.6 11.4 Total segment operating income 28.3 31.8 50.1 62.8 Corporate costs (7.4 ) (5.9 ) (13.8 ) (12.5 ) Asset impairment — — (4.0 ) — Interest expense (7.0 ) (6.9 ) (14.1 ) (13.7 ) Income before income taxes $ 13.9 $ 19.0 $ 18.2 $ 36.6

Inventories

Inventories	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventory consist of the following: June 30, 2016 December 31, 2015 (In millions) Finished goods $ 140.9 $ 147.5 Work in process 40.8 37.4 Raw materials and supplies 67.2 64.1 Inventories, net $ 248.9 $ 249.0

Accrued Warranty Costs

Accrued Warranty Costs	6 Months Ended
	Jun. 30, 2016
Product Warranties Disclosures [Abstract]
Accrued Warranty Costs	Accrued Warranty Costs 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 six months ended June 30, 2016 and 2015 : 2016 2015 (In millions) Balance at January 1, $ 6.1 $ 6.9 Claims paid (1.0 ) (2.2 ) Warranty expense, net 0.8 1.4 Balance at June 30, $ 5.9 $ 6.1

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s tax provision for interim periods is determined using an estimate of its annual effective income tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, the Company updates its estimated annual effective income tax rate, and if the estimated income tax rate changes, a cumulative adjustment is made. The effective income tax rate for the first six months of 2016 and 2015 was 33.5% and 34.4% , respectively. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. During the three- and six- months ended June 30, 2016 , the Company recorded an increase to unrecognized tax benefits of approximately $0.1 million and $0.1 million , respectively, related to prior year tax positions and accrued interest. 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 closure of tax statutes related to existing uncertain tax positions.

Financing Arrangements

Financing Arrangements	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Financing Arrangements	Financing Arrangements Long-term debt consists of the following: Carrying Value at Issuance Date Maturity Date Interest Rate at June 30, 2016 June 30, 2016 December 31, 2015 (In millions) Senior Notes April 1, 2011 April 1, 2021 8.125 % $ 250.0 $ 250.0 Revolving credit facility — July 31, 2019 2.69 % 155.6 169.0 Term loan — July 31, 2019 2.51 % 25.6 27.9 Other, including capital leases Various Various Various 26.0 21.2 Less current maturities (19.0 ) (17.8 ) Less unamortized debt issuance costs (1) (4.2 ) (4.5 ) Total long-term debt, net $ 434.0 $ 445.8 (1) Prior to the adoption of ASU 2015-03, debt issuance costs of $4.5 million were previously reflected in the December 31, 2015 consolidated balance sheet in other long-term assets. On April 22, 2016, the Company further amended its revolving credit facility (the “Amended Credit Agreement”) to • increase the revolving credit facility to $300.0 million ; • increase the inventory advance rate from 50% to 65% , reducing back to 50% on a pro-rata quarterly basis over 36 months commencing July 1, 2016; • reload the term loan up to $35.0 million , of which $25.6 million has been borrowed and is outstanding as of June 30, 2016 ; • increase the Canadian sub-limit up to $35.0 million ; • increase the European sub-limit up to $25.0 million ; and • provide minor pricing adjustments including pricing the first $35.0 million drawn on the revolving credit facility at LIBOR plus 3.50% , reducing automatically on a pro-rata quarterly basis over 36 months commencing July 1, 2016. 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. 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% . 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 under the sub-limit 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 U.S. base rate plus 0.0% to 1.0% . 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 agreement matures in September 2025. The Company had $5.6 million of borrowings outstanding under this agreement as of June 30, 2016 . 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. Capital lease obligations of $17.4 million were borrowed under the Lease Agreement to acquire machinery and equipment as of June 30, 2016 . 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. 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 following table represents fair value information of the Senior Notes, classified as Level 1 using estimated quoted market prices. June 30, 2016 December 31, 2015 (In millions) Carrying amount $ 250.0 $ 250.0 Fair value $ 251.3 $ 263.4

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation A summary of Holdings' stock option activity as of June 30, 2016 and changes during the first six months of 2016 is presented below: 2016 Number of Shares Weighted Average Weighted Aggregate (In whole shares) (In millions) Outstanding - beginning of year 60,000 $ 19.41 Granted — — Exercised — — Canceled or expired — — Outstanding - end of period 60,000 $ 19.41 1.4 years $ 1.7 Options exercisable 60,000 $ 19.41 1.4 years $ 1.7 A summary of Holdings' restricted share activity for the six months ended June 30, 2016 is as follows: 2016 Time-Based Performance-Based Number of Shares Weighted Average Number of Shares Weighted Average (In whole shares) (In whole shares) Outstanding - beginning of year 208,429 $ 36.61 120,000 $ 48.72 Granted 58,570 30.72 165,000 34.78 Vested (99,998 ) 40.16 (40,000 ) 48.72 Performance-based to time-based (a) 80,000 48.72 (80,000 ) 48.72 Canceled or expired (834 ) 34.53 — — Outstanding - end of period 246,167 $ 37.71 165,000 $ 34.78 (a) During the second quarter of 2016, 40,000 of the performance-based restricted shares granted in 2015 fully vested based on achievement of the performance criteria. In accordance with the grant agreements, the remaining 80,000 shares became time-based, vesting over the remaining two years of the requisite service period. During the first quarter of 2016, 1,500 shares were awarded, vested and expensed at the time of the award. The value of the award was immaterial. Total stock-based compensation expense included in selling, general and administrative expenses during the first six months of 2016 and 2015 was $5.5 million and $2.9 million , respectively. As of June 30, 2016 , there was $12.6 million of unrecognized compensation cost related to non-vested stock-based compensation, which cost is expected to be recognized over a weighted average period of 1.6 years.

Commitments, Contingencies and

Commitments, Contingencies and Litigation Judgment	6 Months Ended
	Jun. 30, 2016
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. The Company records a liability for loss contingencies in the consolidated financial statements when a loss is known or considered probable and the amount can be reasonably estimated. Our provisions are based on historical experience, current information and legal advice, and they may be adjusted in the future based on new developments. Estimating probable losses requires the analysis of multiple forecasted factors that often depend on judgments and potential actions by third parties. Although it is not possible to predict with certainty the ultimate outcome or cost of these matters, the Company believes they will not have a material adverse effect on our consolidated financial statements. IPSCO Tubulars Inc. d/b/a TMK IPSCO sued Ajax Tocco Magnethermic Corporation (“ATM”), a subsidiary of Park-Ohio Holdings Corporation, 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 $10.0 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, which the Company accrued for as of December 31, 2015. ATM has appealed that decision. Our subsidiaries are involved in a number of contractual and warranty related disputes. We believe that appropriate liabilities for these contingencies have been recorded; however, actual results may differ materially from our estimates. In August 2013, the Company received a subpoena from the staff of the Securities and Exchange Commission (“SEC”) in connection with the staff’s investigation of a third party. At that time, the Company also learned that the U.S. 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. The Board of Directors of the Company 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.

Pension Plans and Other Postret

Pension Plans and Other Postretirement Benefits	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Pension Plans and Other Postretirement Benefits	Pension Plans and Other Postretirement Benefits The components of net periodic benefit (income) costs recognized during interim periods were as follows: Pension Benefits Other Postretirement Benefits ("OPEB") Three Months Ended June 30, Six Months Ended June 30, Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 2016 2015 2016 2015 (In millions) Service costs $ 0.6 $ 0.6 $ 1.2 $ 1.2 $ — $ — $ — $ — Interest costs 0.4 0.6 0.9 1.2 0.1 0.2 0.2 0.3 Expected return on plan assets (2.4 ) (2.5 ) (4.8 ) (5.0 ) — — — — Recognized net actuarial loss 0.3 — 0.6 — 0.1 0.1 0.2 0.3 Net periodic benefit (income) costs $ (1.1 ) $ (1.3 ) $ (2.1 ) $ (2.6 ) $ 0.2 $ 0.3 $ 0.4 $ 0.6

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The components of and changes in accumulated other comprehensive loss for the three and six months ended June 30, 2016 and 2015 were as follows: Six Months Ended June 30, 2016 Cumulative Translation Adjustment Pension and OPEB Total (In millions) Beginning balance $ (16.9 ) $ (13.1 ) $ (30.0 ) Foreign currency translation adjustments (a) (3.9 ) — (3.9 ) Pension and OPEB activity, net of tax adjustments (b) — 0.4 0.4 Ending balance $ (20.8 ) $ (12.7 ) $ (33.5 ) Six Months Ended June 30, 2015 Cumulative Translation Adjustment Pension and OPEB Total (In millions) Beginning balance $ (5.1 ) $ (8.9 ) $ (14.0 ) Foreign currency translation adjustments (a) (2.6 ) — (2.6 ) Pension and OPEB activity, net of tax adjustments (b) — 0.3 0.3 Ending balance $ (7.7 ) $ (8.6 ) $ (16.3 ) (a) No income taxes are provided on foreign currency translation adjustments as foreign earnings are considered permanently re-invested. (b) The tax adjustments are reclassified out of accumulated other comprehensive income and included in income tax expense.

Asset Impairment

Asset Impairment	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Asset Impairment	Asset Impairment In the first quarter of 2016, due to sales volume declines in certain programs with an automotive customer, the Company evaluated its long-lived assets in accordance with ASU 360, "Property, Plant and Equipment." The Company determined whether the carrying amount of its long-lived assets with a net book value of $5.2 million was recoverable by comparing the carrying amount to the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the assets. As the carrying value of the assets exceeded the expected undiscounted cash flows, the Company estimated the fair value of these assets to determine whether impairment existed. The fair value of the assets was estimated, using Level 2 inputs, based on the expected sale proceeds of similar machinery and equipment as determined using third party quotes and appraisals. As a result of the Company's analysis, the Company recorded an asset impairment charge of $4.0 million .

Supplemental Guarantor Informat

Supplemental Guarantor Information	6 Months Ended
	Jun. 30, 2016
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 Company's Senior 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 Senior 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 Senior 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). The following supplemental condensed consolidating financial statements present condensed consolidating balance sheets as of June 30, 2016 and December 31, 2015 , condensed consolidating statements of operations for the three and six months ended June 30, 2016 and 2015 , condensed consolidating statements of cash flows for the six months ended June 30, 2016 and 2015 , 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. Condensed Consolidating Balance Sheet June 30, 2016 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Reclassifications/ Eliminations Consolidated (In millions) ASSETS Current assets: Cash and cash equivalents $ — $ — $ 48.3 $ — $ 48.3 Accounts receivable, net — 140.8 59.6 — 200.4 Inventories, net — 183.2 65.7 — 248.9 Receivable from affiliates — — 10.7 — 10.7 Other current assets 0.7 33.5 11.4 — 45.6 Total current assets 0.7 357.5 195.7 — 553.9 Investments in subsidiaries 520.1 178.5 (698.6 ) — Intercompany advances 247.0 72.8 149.6 (469.4 ) — Property, plant and equipment, net 6.4 100.6 44.2 — 151.2 Goodwill — 56.5 25.2 — 81.7 Intangible assets, net — 67.1 22.0 — 89.1 Other long-term assets 59.0 5.5 4.2 — 68.7 Total assets $ 833.2 $ 838.5 $ 440.9 $ (1,168.0 ) $ 944.6 LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities: Trade accounts payable $ — $ 102.9 $ 32.0 $ — $ 134.9 Payable to affiliates — — 7.1 — 7.1 Accrued expenses and other 14.2 61.1 21.0 — 96.3 Total current liabilities 14.2 164.0 60.1 — 238.3 Long-term liabilities, less current portion: Debt 415.2 13.4 5.4 — 434.0 Deferred tax liabilities — 17.2 4.2 — 21.4 Other long-term liabilities 10.2 18.1 6.1 — 34.4 Total long-term liabilities 425.4 48.7 15.7 — 489.8 Intercompany advances 177.1 131.0 161.3 (469.4 ) — Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity 209.6 494.8 196.9 (691.7 ) 209.6 Noncontrolling interest 6.9 — 6.9 (6.9 ) 6.9 Total equity 216.5 494.8 203.8 (698.6 ) 216.5 Total liabilities and equity $ 833.2 $ 838.5 $ 440.9 $ (1,168.0 ) $ 944.6 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 Receivable from affiliates — — 8.6 — 8.6 Other current assets 0.8 34.2 4.0 — 39.0 Total current assets 0.8 357.1 186.4 — 544.3 Investments in subsidiaries 495.4 173.5 — (668.9 ) — Intercompany advances 249.2 65.4 151.6 (466.2 ) — Property, plant and equipment, net 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 57.2 4.8 4.4 — 66.4 Total assets $ 809.3 $ 838.9 $ 426.5 $ (1,135.1 ) $ 939.6 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 430.6 14.6 0.6 — 445.8 Deferred tax liabilities — 17.1 4.3 — 21.4 Other long-term liabilities 16.4 13.0 9.1 — 38.5 Total long-term liabilities 447.0 44.7 14.0 — 505.7 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 equity 202.3 471.2 197.7 (668.9 ) 202.3 Total liabilities and shareholder's equity $ 809.3 $ 838.9 $ 426.5 $ (1,135.1 ) $ 939.6 Consolidating Statement of Operations Six Months Ended June 30, 2016 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) Net sales $ — $ 509.6 $ 147.8 $ — $ 657.4 Cost of sales — 440.5 114.8 — 555.3 Gross profit — 69.1 33.0 — 102.1 Selling, general and administrative expenses 10.3 36.5 19.0 — 65.8 Asset impairment — 4.0 — — 4.0 Income (loss) from subsidiaries 35.8 8.1 — (43.9 ) — Operating income (loss) 25.5 36.7 14.0 (43.9 ) 32.3 Interest expense 13.4 — 0.7 — 14.1 Income (loss) before income taxes 12.1 36.7 13.3 (43.9 ) 18.2 Income tax expense — 1.7 4.4 — 6.1 Net income (loss) 12.1 35.0 8.9 (43.9 ) 12.1 Net (income) loss attributable to noncontrolling interest — — — — — Net income (loss) attributable to ParkOhio common shareholder $ 12.1 $ 35.0 $ 8.9 $ (43.9 ) $ 12.1 Other comprehensive income (loss) (see note 11): Net income (loss) $ 12.1 $ 35.0 $ 8.9 $ (43.9 ) $ 12.1 Foreign currency translation adjustments (3.9 ) — (3.9 ) 3.9 (3.9 ) Pension and OPEB activity, net of tax adjustments 0.4 0.4 — (0.4 ) 0.4 Comprehensive income (loss), net of tax 8.6 35.4 5.0 (40.4 ) 8.6 Comprehensive (income) loss attributable to noncontrolling interest — — — — — Comprehensive income (loss) attributable to ParkOhio common shareholder $ 8.6 $ 35.4 $ 5.0 $ (40.4 ) $ 8.6 Consolidating Statement of Operations Six Months Ended June 30, 2015 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) Net sales $ — $ 586.6 $ 165.4 $ — $ 752.0 Cost of sales — 505.1 128.1 — 633.2 Gross profit — 81.5 37.3 — 118.8 Selling, general and administrative expenses 12.8 36.0 19.7 — 68.5 Income (loss) from subsidiaries 50.1 10.6 — (60.7 ) — Operating income (loss) 37.3 56.1 17.6 (60.7 ) 50.3 Interest expense 13.2 — 0.5 — 13.7 Income (loss) before income taxes 24.1 56.1 17.1 (60.7 ) 36.6 Income tax expense — 8.2 4.4 — 12.6 Net income (loss) 24.1 47.9 12.7 (60.7 ) 24.0 Net (income) loss attributable to noncontrolling interest (0.5 ) — (0.5 ) 0.5 (0.5 ) Net income (loss) attributable to ParkOhio common shareholder $ 23.6 $ 47.9 $ 12.2 $ (60.2 ) $ 23.5 Other comprehensive income (loss) (see note 11): Net income (loss) $ 24.1 $ 47.9 $ 12.7 $ (60.7 ) $ 24.0 Foreign currency translation adjustments (2.6 ) — (2.6 ) 2.6 (2.6 ) Pension and OPEB activity, net of tax adjustments 0.3 0.1 — (0.1 ) 0.3 Comprehensive income (loss), net of tax 21.8 48.0 10.1 (58.2 ) 21.7 Comprehensive (income) loss attributable to noncontrolling interest (0.5 ) — (0.5 ) 0.5 (0.5 ) Comprehensive income (loss) attributable to ParkOhio common shareholder $ 21.3 $ 48.0 $ 9.6 $ (57.7 ) $ 21.2 Consolidating Statement of Operations Three Months Ended June 30, 2016 Parent Combined Combined Eliminations Consolidated Net sales $ — $ 258.6 $ 70.8 $ — $ 329.4 Cost of sales — 220.2 54.9 — 275.1 Gross profit — 38.4 15.9 — 54.3 Selling, general and administrative expenses 6.2 18.0 9.2 — 33.4 Income (loss) from subsidiaries 22.2 3.7 — (25.9 ) — Operating income (loss) 16.0 24.1 6.7 (25.9 ) 20.9 Interest expense 6.6 — 0.4 — 7.0 Income (loss) before income taxes 9.4 24.1 6.3 (25.9 ) 13.9 Income tax expense — 2.6 1.9 — 4.5 Net income (loss) 9.4 21.5 4.4 (25.9 ) 9.4 Net income attributable to noncontrolling interest — — — — — Net income attributable to ParkOhio common shareholder $ 9.4 $ 21.5 $ 4.4 $ (25.9 ) $ 9.4 Other comprehensive income (loss) (see note 11): Foreign currency translation adjustments $ (6.5 ) $ — $ (6.5 ) $ 6.5 $ (6.5 ) Pension and OPEB activity, net of tax adjustments 0.2 0.2 — (0.2 ) 0.2 Comprehensive income (loss), net of tax 3.1 21.7 (2.1 ) (19.6 ) 3.1 Comprehensive (income) loss attributable to noncontrolling interest — — — — — Comprehensive income attributable to ParkOhio common shareholder $ 3.1 $ 21.7 $ (2.1 ) $ (19.6 ) $ 3.1 Consolidating Statement of Operations Three Months Ended June 30, 2015 Parent Combined Combined Eliminations Consolidated Net sales $ — $ 295.5 $ 81.8 $ — $ 377.3 Cost of sales — 252.9 64.0 — 316.9 Gross profit — 42.6 17.8 — 60.4 Selling, general and administrative expenses 6.5 18.3 9.7 — 34.5 Income (loss) from subsidiaries 26.1 5.2 — (31.3 ) — Operating income (loss) 19.6 29.5 8.1 (31.3 ) 25.9 Interest expense (income) 6.7 — 0.2 — 6.9 Income (loss) before income taxes 12.9 29.5 7.9 (31.3 ) 19.0 Income tax expense — 4.4 1.8 — 6.2 Net income (loss) 12.9 25.1 6.1 (31.3 ) 12.8 Net income attributable to noncontrolling interest (0.2 ) — (0.2 ) 0.2 (0.2 ) Net income (loss) attributable to ParkOhio common shareholder $ 12.7 $ 25.1 $ 5.9 $ (31.1 ) $ 12.6 Other comprehensive income (loss) (see note 11): Foreign currency translation adjustments $ 2.7 $ — $ 2.7 $ (2.7 ) $ 2.7 Pension and OPEB activity, net of tax adjustments 0.1 (0.1 ) — 0.1 0.1 Comprehensive income (loss), net of tax 15.7 25.0 8.8 (33.9 ) 15.6 Comprehensive (income) loss attributable to noncontrolling interest (0.2 ) — (0.2 ) 0.2 (0.2 ) Comprehensive income (loss) attributable to ParkOhio common shareholder $ 15.5 $ 25.0 $ 8.6 $ (33.7 ) $ 15.4 Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2016 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) Net cash provided (used) by operating activities $ (24.4 ) $ 59.8 $ 5.9 $ (14.5 ) $ 26.8 INVESTING ACTIVITIES Purchases of property, plant and equipment (0.1 ) (3.2 ) (10.7 ) — (14.0 ) Net cash used in investing activities (0.1 ) (3.2 ) (10.7 ) — (14.0 ) FINANCING ACTIVITIES Intercompany account change 40.2 (56.3 ) 1.6 14.5 — Proceeds from term loans and other debt — 1.0 5.1 — 6.1 Payments on term loans and other debt (2.2 ) — — — (2.2 ) (Payments) proceeds from revolving credit facility, net (13.5 ) — — — (13.5 ) Payments on capital lease facilities, net — (1.4 ) (0.2 ) — (1.6 ) Payment of acquisition earn-out — — (2.0 ) — (2.0 ) Net cash (used) provided by financing activities 24.5 (56.7 ) 4.5 14.5 (13.2 ) Effect of exchange rate changes on cash — — 0.3 — 0.3 Decrease in cash and cash equivalents — (0.1 ) — — (0.1 ) Cash and cash equivalents at beginning of period — 0.1 48.3 — 48.4 Cash and cash equivalents at end of period $ — $ — $ 48.3 $ — $ 48.3 Condensed Consolidating Statement of Six Months Ended June 30, 2015 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) Net cash provided (used) by operating activities $ (18.6 ) $ (0.4 ) $ 20.8 $ (10.3 ) $ (8.5 ) INVESTING ACTIVITIES Purchases of property, plant and equipment — (14.8 ) (5.1 ) — (19.9 ) Net cash used in investing activities — (14.8 ) (5.1 ) — (19.9 ) FINANCING ACTIVITIES Intercompany account change (5.8 ) 12.1 (16.6 ) 10.3 — Proceeds from term loans and other debt 3.3 — — — 3.3 Payments on term loans and other debt (1.3 ) (0.2 ) — — (1.5 ) Proceeds from revolving credit facility, net 24.9 — — — 24.9 Dividend paid to Parent (2.5 ) — — — (2.5 ) Net cash provided (used) by financing activities 18.6 11.9 (16.6 ) 10.3 24.2 Effect of exchange rate changes on cash — — (1.5 ) — (1.5 ) Increase in cash and cash equivalents — (3.3 ) (2.4 ) — (5.7 ) Cash and cash equivalents at beginning of period — 3.8 44.5 — 48.3 Cash and cash equivalents at end of period $ — $ 0.5 $ 42.1 $ — $ 42.6

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of 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.
New Accounting Pronouncements	Accounting Pronouncements Adopted In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, “Interest-Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs.” The ASU 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. The Company adopted this ASU during the first quarter of 2016 and applied this standard retrospectively to 2015. The new guidance only impacted the presentation of the Company's financial position and did not affect the Company's results of operations or cash flows. Refer to Note 7 for the impact on our consolidated balance sheet at December 31, 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 January 2016, the FASB issued ASU 2016-01, "Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." The amendments in the ASU address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The FASB also is addressing measurement of credit losses on financial assets in a separate project. The 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 ASU 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. The 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. In March 2016, the FASB issued ASU 2016-09 “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” The ASU simplifies several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification of related amounts within the statement of cash flows. The ASU is effective for fiscal years beginning with the first quarter of 2017, with early adoption permitted. The Company is currently evaluating the impact of adopting this guidance. No other recently issued ASUs are expected to have a material impact on our results of operations, financial condition or liquidity.

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Results by business segment	Results by business segment were as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 (In millions) Net sales: Supply Technologies $ 132.9 $ 150.2 $ 262.8 $ 301.6 Assembly Components 134.3 139.8 266.0 280.3 Engineered Products 62.2 87.3 128.6 170.1 $ 329.4 $ 377.3 $ 657.4 $ 752.0 Segment operating income: Supply Technologies $ 10.9 $ 13.0 $ 21.1 $ 27.2 Assembly Components 14.2 13.6 24.4 24.2 Engineered Products 3.2 5.2 4.6 11.4 Total segment operating income 28.3 31.8 50.1 62.8 Corporate costs (7.4 ) (5.9 ) (13.8 ) (12.5 ) Asset impairment — — (4.0 ) — Interest expense (7.0 ) (6.9 ) (14.1 ) (13.7 ) Income before income taxes $ 13.9 $ 19.0 $ 18.2 $ 36.6

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Components of inventory	The components of inventory consist of the following: June 30, 2016 December 31, 2015 (In millions) Finished goods $ 140.9 $ 147.5 Work in process 40.8 37.4 Raw materials and supplies 67.2 64.1 Inventories, net $ 248.9 $ 249.0

Accrued Warranty Costs (Tables)

Accrued Warranty Costs (Tables)	6 Months Ended
	Jun. 30, 2016
Product Warranties Disclosures [Abstract]
Changes in product warranty liability	The following table presents the changes in the Company’s product warranty liability for the six months ended June 30, 2016 and 2015 : 2016 2015 (In millions) Balance at January 1, $ 6.1 $ 6.9 Claims paid (1.0 ) (2.2 ) Warranty expense, net 0.8 1.4 Balance at June 30, $ 5.9 $ 6.1

Financing Arrangements (Tables)

Financing Arrangements (Tables)	6 Months Ended
	Jun. 30, 2016
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 June 30, 2016 June 30, 2016 December 31, 2015 (In millions) Senior Notes April 1, 2011 April 1, 2021 8.125 % $ 250.0 $ 250.0 Revolving credit facility — July 31, 2019 2.69 % 155.6 169.0 Term loan — July 31, 2019 2.51 % 25.6 27.9 Other, including capital leases Various Various Various 26.0 21.2 Less current maturities (19.0 ) (17.8 ) Less unamortized debt issuance costs (1) (4.2 ) (4.5 ) Total long-term debt, net $ 434.0 $ 445.8 (1) Prior to the adoption of ASU 2015-03, debt issuance costs of $4.5 million were previously reflected in the December 31, 2015 consolidated balance sheet in other long-term assets.
Fair Value of Debt	The following table represents fair value information of the Senior Notes, classified as Level 1 using estimated quoted market prices. June 30, 2016 December 31, 2015 (In millions) Carrying amount $ 250.0 $ 250.0 Fair value $ 251.3 $ 263.4

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Option Activity	A summary of Holdings' stock option activity as of June 30, 2016 and changes during the first six months of 2016 is presented below: 2016 Number of Shares Weighted Average Weighted Aggregate (In whole shares) (In millions) Outstanding - beginning of year 60,000 $ 19.41 Granted — — Exercised — — Canceled or expired — — Outstanding - end of period 60,000 $ 19.41 1.4 years $ 1.7 Options exercisable 60,000 $ 19.41 1.4 years $ 1.7
Summary of Restricted Share and Performance Share Activity	A summary of Holdings' restricted share activity for the six months ended June 30, 2016 is as follows: 2016 Time-Based Performance-Based Number of Shares Weighted Average Number of Shares Weighted Average (In whole shares) (In whole shares) Outstanding - beginning of year 208,429 $ 36.61 120,000 $ 48.72 Granted 58,570 30.72 165,000 34.78 Vested (99,998 ) 40.16 (40,000 ) 48.72 Performance-based to time-based (a) 80,000 48.72 (80,000 ) 48.72 Canceled or expired (834 ) 34.53 — — Outstanding - end of period 246,167 $ 37.71 165,000 $ 34.78 (a) During the second quarter of 2016, 40,000 of the performance-based restricted shares granted in 2015 fully vested based on achievement of the performance criteria. In accordance with the grant agreements, the remaining 80,000 shares became time-based, vesting over the remaining two years of the requisite service period.

Pension Plans and Other Postr26

Pension Plans and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Components of net periodic benefit cost	The components of net periodic benefit (income) costs recognized during interim periods were as follows: Pension Benefits Other Postretirement Benefits ("OPEB") Three Months Ended June 30, Six Months Ended June 30, Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 2016 2015 2016 2015 (In millions) Service costs $ 0.6 $ 0.6 $ 1.2 $ 1.2 $ — $ — $ — $ — Interest costs 0.4 0.6 0.9 1.2 0.1 0.2 0.2 0.3 Expected return on plan assets (2.4 ) (2.5 ) (4.8 ) (5.0 ) — — — — Recognized net actuarial loss 0.3 — 0.6 — 0.1 0.1 0.2 0.3 Net periodic benefit (income) costs $ (1.1 ) $ (1.3 ) $ (2.1 ) $ (2.6 ) $ 0.2 $ 0.3 $ 0.4 $ 0.6

Accumulated Other Comprehensi27

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Changes in accumulated comprehensive loss	The components of and changes in accumulated other comprehensive loss for the three and six months ended June 30, 2016 and 2015 were as follows: Six Months Ended June 30, 2016 Cumulative Translation Adjustment Pension and OPEB Total (In millions) Beginning balance $ (16.9 ) $ (13.1 ) $ (30.0 ) Foreign currency translation adjustments (a) (3.9 ) — (3.9 ) Pension and OPEB activity, net of tax adjustments (b) — 0.4 0.4 Ending balance $ (20.8 ) $ (12.7 ) $ (33.5 ) Six Months Ended June 30, 2015 Cumulative Translation Adjustment Pension and OPEB Total (In millions) Beginning balance $ (5.1 ) $ (8.9 ) $ (14.0 ) Foreign currency translation adjustments (a) (2.6 ) — (2.6 ) Pension and OPEB activity, net of tax adjustments (b) — 0.3 0.3 Ending balance $ (7.7 ) $ (8.6 ) $ (16.3 ) (a) No income taxes are provided on foreign currency translation adjustments as foreign earnings are considered permanently re-invested. (b) The tax adjustments are reclassified out of accumulated other comprehensive income and included in income tax expense.

Supplemental Guarantor Inform28

Supplemental Guarantor Information (Tables)	6 Months Ended
	Jun. 30, 2016
Supplemental Guarantor Information [Abstract]
Condensed consolidating balance sheet	Condensed Consolidating Balance Sheet June 30, 2016 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Reclassifications/ Eliminations Consolidated (In millions) ASSETS Current assets: Cash and cash equivalents $ — $ — $ 48.3 $ — $ 48.3 Accounts receivable, net — 140.8 59.6 — 200.4 Inventories, net — 183.2 65.7 — 248.9 Receivable from affiliates — — 10.7 — 10.7 Other current assets 0.7 33.5 11.4 — 45.6 Total current assets 0.7 357.5 195.7 — 553.9 Investments in subsidiaries 520.1 178.5 (698.6 ) — Intercompany advances 247.0 72.8 149.6 (469.4 ) — Property, plant and equipment, net 6.4 100.6 44.2 — 151.2 Goodwill — 56.5 25.2 — 81.7 Intangible assets, net — 67.1 22.0 — 89.1 Other long-term assets 59.0 5.5 4.2 — 68.7 Total assets $ 833.2 $ 838.5 $ 440.9 $ (1,168.0 ) $ 944.6 LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities: Trade accounts payable $ — $ 102.9 $ 32.0 $ — $ 134.9 Payable to affiliates — — 7.1 — 7.1 Accrued expenses and other 14.2 61.1 21.0 — 96.3 Total current liabilities 14.2 164.0 60.1 — 238.3 Long-term liabilities, less current portion: Debt 415.2 13.4 5.4 — 434.0 Deferred tax liabilities — 17.2 4.2 — 21.4 Other long-term liabilities 10.2 18.1 6.1 — 34.4 Total long-term liabilities 425.4 48.7 15.7 — 489.8 Intercompany advances 177.1 131.0 161.3 (469.4 ) — Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity 209.6 494.8 196.9 (691.7 ) 209.6 Noncontrolling interest 6.9 — 6.9 (6.9 ) 6.9 Total equity 216.5 494.8 203.8 (698.6 ) 216.5 Total liabilities and equity $ 833.2 $ 838.5 $ 440.9 $ (1,168.0 ) $ 944.6 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 Receivable from affiliates — — 8.6 — 8.6 Other current assets 0.8 34.2 4.0 — 39.0 Total current assets 0.8 357.1 186.4 — 544.3 Investments in subsidiaries 495.4 173.5 — (668.9 ) — Intercompany advances 249.2 65.4 151.6 (466.2 ) — Property, plant and equipment, net 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 57.2 4.8 4.4 — 66.4 Total assets $ 809.3 $ 838.9 $ 426.5 $ (1,135.1 ) $ 939.6 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 430.6 14.6 0.6 — 445.8 Deferred tax liabilities — 17.1 4.3 — 21.4 Other long-term liabilities 16.4 13.0 9.1 — 38.5 Total long-term liabilities 447.0 44.7 14.0 — 505.7 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 equity 202.3 471.2 197.7 (668.9 ) 202.3 Total liabilities and shareholder's equity $ 809.3 $ 838.9 $ 426.5 $ (1,135.1 ) $ 939.6
Consolidating statement of operations	Consolidating Statement of Operations Six Months Ended June 30, 2016 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) Net sales $ — $ 509.6 $ 147.8 $ — $ 657.4 Cost of sales — 440.5 114.8 — 555.3 Gross profit — 69.1 33.0 — 102.1 Selling, general and administrative expenses 10.3 36.5 19.0 — 65.8 Asset impairment — 4.0 — — 4.0 Income (loss) from subsidiaries 35.8 8.1 — (43.9 ) — Operating income (loss) 25.5 36.7 14.0 (43.9 ) 32.3 Interest expense 13.4 — 0.7 — 14.1 Income (loss) before income taxes 12.1 36.7 13.3 (43.9 ) 18.2 Income tax expense — 1.7 4.4 — 6.1 Net income (loss) 12.1 35.0 8.9 (43.9 ) 12.1 Net (income) loss attributable to noncontrolling interest — — — — — Net income (loss) attributable to ParkOhio common shareholder $ 12.1 $ 35.0 $ 8.9 $ (43.9 ) $ 12.1 Other comprehensive income (loss) (see note 11): Net income (loss) $ 12.1 $ 35.0 $ 8.9 $ (43.9 ) $ 12.1 Foreign currency translation adjustments (3.9 ) — (3.9 ) 3.9 (3.9 ) Pension and OPEB activity, net of tax adjustments 0.4 0.4 — (0.4 ) 0.4 Comprehensive income (loss), net of tax 8.6 35.4 5.0 (40.4 ) 8.6 Comprehensive (income) loss attributable to noncontrolling interest — — — — — Comprehensive income (loss) attributable to ParkOhio common shareholder $ 8.6 $ 35.4 $ 5.0 $ (40.4 ) $ 8.6 Consolidating Statement of Operations Six Months Ended June 30, 2015 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) Net sales $ — $ 586.6 $ 165.4 $ — $ 752.0 Cost of sales — 505.1 128.1 — 633.2 Gross profit — 81.5 37.3 — 118.8 Selling, general and administrative expenses 12.8 36.0 19.7 — 68.5 Income (loss) from subsidiaries 50.1 10.6 — (60.7 ) — Operating income (loss) 37.3 56.1 17.6 (60.7 ) 50.3 Interest expense 13.2 — 0.5 — 13.7 Income (loss) before income taxes 24.1 56.1 17.1 (60.7 ) 36.6 Income tax expense — 8.2 4.4 — 12.6 Net income (loss) 24.1 47.9 12.7 (60.7 ) 24.0 Net (income) loss attributable to noncontrolling interest (0.5 ) — (0.5 ) 0.5 (0.5 ) Net income (loss) attributable to ParkOhio common shareholder $ 23.6 $ 47.9 $ 12.2 $ (60.2 ) $ 23.5 Other comprehensive income (loss) (see note 11): Net income (loss) $ 24.1 $ 47.9 $ 12.7 $ (60.7 ) $ 24.0 Foreign currency translation adjustments (2.6 ) — (2.6 ) 2.6 (2.6 ) Pension and OPEB activity, net of tax adjustments 0.3 0.1 — (0.1 ) 0.3 Comprehensive income (loss), net of tax 21.8 48.0 10.1 (58.2 ) 21.7 Comprehensive (income) loss attributable to noncontrolling interest (0.5 ) — (0.5 ) 0.5 (0.5 ) Comprehensive income (loss) attributable to ParkOhio common shareholder $ 21.3 $ 48.0 $ 9.6 $ (57.7 ) $ 21.2 Consolidating Statement of Operations Three Months Ended June 30, 2016 Parent Combined Combined Eliminations Consolidated Net sales $ — $ 258.6 $ 70.8 $ — $ 329.4 Cost of sales — 220.2 54.9 — 275.1 Gross profit — 38.4 15.9 — 54.3 Selling, general and administrative expenses 6.2 18.0 9.2 — 33.4 Income (loss) from subsidiaries 22.2 3.7 — (25.9 ) — Operating income (loss) 16.0 24.1 6.7 (25.9 ) 20.9 Interest expense 6.6 — 0.4 — 7.0 Income (loss) before income taxes 9.4 24.1 6.3 (25.9 ) 13.9 Income tax expense — 2.6 1.9 — 4.5 Net income (loss) 9.4 21.5 4.4 (25.9 ) 9.4 Net income attributable to noncontrolling interest — — — — — Net income attributable to ParkOhio common shareholder $ 9.4 $ 21.5 $ 4.4 $ (25.9 ) $ 9.4 Other comprehensive income (loss) (see note 11): Foreign currency translation adjustments $ (6.5 ) $ — $ (6.5 ) $ 6.5 $ (6.5 ) Pension and OPEB activity, net of tax adjustments 0.2 0.2 — (0.2 ) 0.2 Comprehensive income (loss), net of tax 3.1 21.7 (2.1 ) (19.6 ) 3.1 Comprehensive (income) loss attributable to noncontrolling interest — — — — — Comprehensive income attributable to ParkOhio common shareholder $ 3.1 $ 21.7 $ (2.1 ) $ (19.6 ) $ 3.1 Consolidating Statement of Operations Three Months Ended June 30, 2015 Parent Combined Combined Eliminations Consolidated Net sales $ — $ 295.5 $ 81.8 $ — $ 377.3 Cost of sales — 252.9 64.0 — 316.9 Gross profit — 42.6 17.8 — 60.4 Selling, general and administrative expenses 6.5 18.3 9.7 — 34.5 Income (loss) from subsidiaries 26.1 5.2 — (31.3 ) — Operating income (loss) 19.6 29.5 8.1 (31.3 ) 25.9 Interest expense (income) 6.7 — 0.2 — 6.9 Income (loss) before income taxes 12.9 29.5 7.9 (31.3 ) 19.0 Income tax expense — 4.4 1.8 — 6.2 Net income (loss) 12.9 25.1 6.1 (31.3 ) 12.8 Net income attributable to noncontrolling interest (0.2 ) — (0.2 ) 0.2 (0.2 ) Net income (loss) attributable to ParkOhio common shareholder $ 12.7 $ 25.1 $ 5.9 $ (31.1 ) $ 12.6 Other comprehensive income (loss) (see note 11): Foreign currency translation adjustments $ 2.7 $ — $ 2.7 $ (2.7 ) $ 2.7 Pension and OPEB activity, net of tax adjustments 0.1 (0.1 ) — 0.1 0.1 Comprehensive income (loss), net of tax 15.7 25.0 8.8 (33.9 ) 15.6 Comprehensive (income) loss attributable to noncontrolling interest (0.2 ) — (0.2 ) 0.2 (0.2 ) Comprehensive income (loss) attributable to ParkOhio common shareholder $ 15.5 $ 25.0 $ 8.6 $ (33.7 ) $ 15.4
Condensed consolidating statement of cash flows	Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2016 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) Net cash provided (used) by operating activities $ (24.4 ) $ 59.8 $ 5.9 $ (14.5 ) $ 26.8 INVESTING ACTIVITIES Purchases of property, plant and equipment (0.1 ) (3.2 ) (10.7 ) — (14.0 ) Net cash used in investing activities (0.1 ) (3.2 ) (10.7 ) — (14.0 ) FINANCING ACTIVITIES Intercompany account change 40.2 (56.3 ) 1.6 14.5 — Proceeds from term loans and other debt — 1.0 5.1 — 6.1 Payments on term loans and other debt (2.2 ) — — — (2.2 ) (Payments) proceeds from revolving credit facility, net (13.5 ) — — — (13.5 ) Payments on capital lease facilities, net — (1.4 ) (0.2 ) — (1.6 ) Payment of acquisition earn-out — — (2.0 ) — (2.0 ) Net cash (used) provided by financing activities 24.5 (56.7 ) 4.5 14.5 (13.2 ) Effect of exchange rate changes on cash — — 0.3 — 0.3 Decrease in cash and cash equivalents — (0.1 ) — — (0.1 ) Cash and cash equivalents at beginning of period — 0.1 48.3 — 48.4 Cash and cash equivalents at end of period $ — $ — $ 48.3 $ — $ 48.3 Condensed Consolidating Statement of Six Months Ended June 30, 2015 Parent Combined Guarantor Subsidiaries Combined Non-Guarantor Subsidiaries Eliminations Consolidated (In millions) Net cash provided (used) by operating activities $ (18.6 ) $ (0.4 ) $ 20.8 $ (10.3 ) $ (8.5 ) INVESTING ACTIVITIES Purchases of property, plant and equipment — (14.8 ) (5.1 ) — (19.9 ) Net cash used in investing activities — (14.8 ) (5.1 ) — (19.9 ) FINANCING ACTIVITIES Intercompany account change (5.8 ) 12.1 (16.6 ) 10.3 — Proceeds from term loans and other debt 3.3 — — — 3.3 Payments on term loans and other debt (1.3 ) (0.2 ) — — (1.5 ) Proceeds from revolving credit facility, net 24.9 — — — 24.9 Dividend paid to Parent (2.5 ) — — — (2.5 ) Net cash provided (used) by financing activities 18.6 11.9 (16.6 ) 10.3 24.2 Effect of exchange rate changes on cash — — (1.5 ) — (1.5 ) Increase in cash and cash equivalents — (3.3 ) (2.4 ) — (5.7 ) Cash and cash equivalents at beginning of period — 3.8 44.5 — 48.3 Cash and cash equivalents at end of period $ — $ 0.5 $ 42.1 $ — $ 42.6

Segments (Schedule of Segment I

Segments (Schedule of Segment Information) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net sales:
Net sales	$ 329.4	$ 377.3	$ 657.4	$ 752
Segment operating income:
Segment operating income	20.9	25.9	32.3	50.3
Asset Impairment Charges	0	0	(4)	0
Interest expense	(7)	(6.9)	(14.1)	(13.7)
Income before income taxes	13.9	19	18.2	36.6
Operating Segments
Net sales:
Net sales	329.4	377.3	657.4	752
Segment operating income:
Segment operating income	28.3	31.8	50.1	62.8
Operating Segments | Supply Technologies
Net sales:
Net sales	132.9	150.2	262.8	301.6
Segment operating income:
Segment operating income	10.9	13	21.1	27.2
Operating Segments | Assembly Components
Net sales:
Net sales	134.3	139.8	266	280.3
Segment operating income:
Segment operating income	14.2	13.6	24.4	24.2
Operating Segments | Engineered Products
Net sales:
Net sales	62.2	87.3	128.6	170.1
Segment operating income:
Segment operating income	3.2	5.2	4.6	11.4
Segment Reconciling Items
Segment operating income:
Corporate costs	(7.4)	(5.9)	(13.8)	(12.5)
Asset Impairment Charges	0	0	(4)	0
Interest expense	$ (7)	$ (6.9)	$ (14.1)	$ (13.7)

Inventories (Components of Inve

Inventories (Components of Inventory) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Components of inventory
Finished goods	$ 140.9	$ 147.5
Work in process	40.8	37.4
Raw materials and supplies	67.2	64.1
Inventories, net	$ 248.9	$ 249

Accrued Warranty Costs (Details

Accrued Warranty Costs (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Changes in product warranty liability
Balance at beginning of period	$ 6.1	$ 6.9
Claims paid	(1)	(2.2)
Warranty expense, net	0.8	1.4
Balance at end of period	$ 5.9	$ 6.1

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Effective tax rate		33.50%	34.40%
Increase in unrecognized tax benefits due to prior year tax positions	$ 0.1	$ 0.1
Reasonably possible decrease in unrecognized tax benefits	$ 3	$ 3

Financing Arrangements (Schedul

Financing Arrangements (Schedule of Long-term Debt) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Less current maturities	$ (19)	$ (17.8)
Less unamortized debt issuance costs	(4.2)	(4.5)
Total long-term debt, net of current portion	$ 434	445.8
8.125% senior notes due 2021
Debt Instrument [Line Items]
Stated interest rate	8.125%
Total debt	$ 250	250
Other
Debt Instrument [Line Items]
Total debt	$ 26	21.2
Revolving credit facility
Debt Instrument [Line Items]
Interest rate at end of period	2.69%
Total debt	$ 155.6	169
Term loan
Debt Instrument [Line Items]
Interest rate at end of period	2.51%
Total debt	$ 25.6	27.9
Other Assets | Scenario, Previously Reported
Debt Instrument [Line Items]
Debt Issuance Costs, Net		$ 4.5

Financing Arrangements (Narrati

Financing Arrangements (Narrative) (Details) - USD ($)	Apr. 22, 2016	Jun. 30, 2016	Dec. 31, 2015	Oct. 21, 2015	Aug. 13, 2015	Oct. 23, 2014
Maximum
Line of Credit Facility [Line Items]
Capital lease obligations					$ 50,000,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Carrying amount		$ 155,600,000	$ 169,000,000
Term loan
Line of Credit Facility [Line Items]
Carrying amount		25,600,000	$ 27,900,000
The Amended Credit Agreement | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Inventory advance rate percentage						50.00%
Term of debt instrument	7 years
The Amended Credit Agreement | LIBOR | Revolving Credit Facility [Member] | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	1.50%
The Amended Credit Agreement | LIBOR | Revolving Credit Facility [Member] | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	2.50%
The Amended Credit Agreement | LIBOR | Term loan | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	2.00%
The Amended Credit Agreement | LIBOR | Term loan | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	3.00%
The Amended Credit Agreement | Prime lending rate | Revolving Credit Facility [Member] | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	(0.25%)
The Amended Credit Agreement | Prime lending rate | Revolving Credit Facility [Member] | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	(1.25%)
The Amended Credit Agreement | Prime lending rate | Term loan | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	(0.75%)
The Amended Credit Agreement | Prime lending rate | Term loan | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	0.25%
The Amended Credit Agreement | Canadian deposit offered rate | Canadian Sub-Limit | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	1.50%
The Amended Credit Agreement | Canadian deposit offered rate | Canadian Sub-Limit | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	2.50%
The Amended Credit Agreement | Canadian prime lending rate | Canadian Sub-Limit | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	0.00%
The Amended Credit Agreement | Canadian prime lending rate | Canadian Sub-Limit | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	1.00%
The Amended Credit Agreement | US base rate | Canadian Sub-Limit | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	0.00%
The Amended Credit Agreement | US base rate | Canadian Sub-Limit | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	1.00%
Amendment No. 1 to the Amended Credit Agreement | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 300,000,000
Amount drawn	$ 35,000,000
Inventory advance rate percentage	65.00%
Inventory advance rate percentage to be reduced to	50.00%
Term over which inventory advance rate percentage reduces	36 months
Term over which basis spread on variable interest rate reduces	36 months
Amendment No. 1 to the Amended Credit Agreement | Canadian Sub-Limit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 35,000,000
Amendment No. 1 to the Amended Credit Agreement | European Sub-Limit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	25,000,000
Amendment No. 1 to the Amended Credit Agreement | Term loan
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 35,000,000
Amendment No. 1 to the Amended Credit Agreement | LIBOR | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Basis spread on variable interest rate - plus (minus)	3.50%
Arkansas Development Finance Authority | Southwest Steel Processing LLC
Line of Credit Facility [Line Items]
Maximum borrowing capacity				$ 11,000,000
Amount drawn		5,600,000
Machinery and Equipment
Line of Credit Facility [Line Items]
Capital lease obligations		$ 17,400,000

Financing Arrangements (Fair Va

Financing Arrangements (Fair Value of Debt) (Details) - Level 1 - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Carrying amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying amount	$ 250	$ 250
Fair value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value	$ 251.3	$ 263.4

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Stock Option Activity) (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Number of Shares
Outstanding — beginning of year, number of shares | shares	60,000
Granted, number of shares | shares	0
Exercised, number of shares | shares	0
Canceled or expired, number of shares | shares	0
Outstanding — end of year, number of shares | shares	60,000
Options exercisable, number of shares | shares	60,000
Weighted Average Exercise Price
Outstanding - beginning of year, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 19.41
Granted, Weighted Average Exercise Price (in dollars per share) | $ / shares	0
Exercised, Weighted Average Exercise Price (in dollars per share) | $ / shares	0
Canceled or Expired, Weighted Average Exercise Price (in dollars per share) | $ / shares	0
Outstanding - end of year, Weighted Average Exercise Price (in dollars per share) | $ / shares	19.41
Options Exercisable - end of year, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 19.41
Outstanding - end of period, Weighted Average Remaining Contractual Term	1 year 5 months
Options Exercisable, Weighted Average Remaining Contractual Term	1 year 5 months
Outstanding - end of period, Aggregate Intrinsic Value | $	$ 1.7
Options Exercisable, Aggregate Intrinsic Value | $	$ 1.7

Stock-Based Compensation (Sum37

Stock-Based Compensation (Summary of Restricted Share Activity) (Details) - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Number of Shares
Granted, number of shares	1,500
Vested, number of shares	(1,500)
Time-Based | Restricted Stock
Number of Shares
Outstanding - beginning of year, number of shares		208,429
Granted, number of shares		58,570
Vested, number of shares		(99,998)
Converted, number of shares		80,000
Canceled or expired, number of shares		(834)
Outstanding - end of period, number of shares	246,167	246,167
Weighted Average Grant Date Fair Value
Outstanding - beginning of year, Weighted Average Grant Date Fair Value (in dollars per share)		$ 36.61
Granted, Weighted Average Grant Date Fair Value (in dollars per share)		30.72
Vested, Weighted Average Grant Date Fair Value (in dollars per share)		40.16
Converted, weighted Average Grant Date Fair Value (in dollars per share)		48.72
Canceled or expired, Weighted Average Grant Date Fair Value (in dollars per share)		34.53
Outstanding - end of year, Weighted Average Grant Date Fair Value (in dollars per share)	$ 37.71	$ 37.71
Vesting period	2 years
Performance-Based | Restricted Stock
Number of Shares
Outstanding - beginning of year, number of shares		120,000
Granted, number of shares		165,000
Vested, number of shares		(40,000)
Converted, number of shares		(80,000)
Canceled or expired, number of shares		0
Outstanding - end of period, number of shares	165,000	165,000
Weighted Average Grant Date Fair Value
Outstanding - beginning of year, Weighted Average Grant Date Fair Value (in dollars per share)		$ 48.72
Granted, Weighted Average Grant Date Fair Value (in dollars per share)		34.78
Vested, Weighted Average Grant Date Fair Value (in dollars per share)		48.72
Converted, weighted Average Grant Date Fair Value (in dollars per share)		48.72
Outstanding - end of year, Weighted Average Grant Date Fair Value (in dollars per share)	$ 34.78	$ 34.78

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of shares granted	1,500
Number of shares vested	1,500
Stock-based compensation expense		$ 5.5	$ 2.9
Unrecognized compensation cost related to non-vested stock-based compensation	$ 12.6	$ 12.6
Weighted average period		1 year 7 months

Commitments, Contingencies an39

Commitments, Contingencies and Litigation Judgment (Details) - TMK IPSCO - USD ($) $ in Millions	1 Months Ended
	Mar. 31, 2016	Sep. 30, 2013	May 31, 2013
Loss Contingencies [Line Items]
Direct damages sought			$ 10
Damages awarded	$ 2.2	$ 5.2
Additional damages sought		$ 3.8

Pension Plans and Other Postr40

Pension Plans and Other Postretirement Benefits (Components of net periodic benefit) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Pension Benefits
Components of net periodic benefit cost
Service costs	$ 0.6	$ 0.6	$ 1.2	$ 1.2
Interest costs	0.4	0.6	0.9	1.2
Expected return on plan assets	(2.4)	(2.5)	(4.8)	(5)
Recognized net actuarial loss	0.3	0	0.6	0
Net periodic benefit (income) costs	(1.1)	(1.3)	(2.1)	(2.6)
Other Postretirement Benefits (OPEB)
Components of net periodic benefit cost
Service costs	0	0	0	0
Interest costs	0.1	0.2	0.2	0.3
Expected return on plan assets	0	0	0	0
Recognized net actuarial loss	0.1	0.1	0.2	0.3
Net periodic benefit (income) costs	$ 0.2	$ 0.3	$ 0.4	$ 0.6

Accumulated Other Comprehensi41

Accumulated Other Comprehensive Loss (Components of accumulated comprehensive loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ 202.3
Other Comprehensive Income (Loss), Net of Tax	$ (6.3)	$ 2.8	(3.5)	$ (2.3)
Ending balance	216.5		216.5
Cumulative Translation Adjustment
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(16.9)	(5.1)
Other Comprehensive Income (Loss), Net of Tax			(3.9)	(2.6)
Ending balance	(20.8)	(7.7)	(20.8)	(7.7)
Pension and OPEB
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(13.1)	(8.9)
Other Comprehensive Income (Loss), Net of Tax			0.4	0.3
Ending balance	(12.7)	(8.6)	(12.7)	(8.6)
Total
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(30)	(14)
Ending balance	$ (33.5)	$ (16.3)	$ (33.5)	$ (16.3)

Asset Impairment (Details)

Asset Impairment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Carrying amount of long-lived assets	$ 5.2		$ 5.2
Asset impairment	$ 0	$ 0	$ 4	$ 0

Supplemental Guarantor Inform43

Supplemental Guarantor Information (Condensed Consolidating Balance Sheets) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 48.3	$ 48.4	$ 42.6	$ 48.3
Accounts receivable, net	200.4	199.3
Inventories, net	248.9	249
Receivable from affiliates	10.7	8.6
Other current assets	45.6	39
Total current assets	553.9	544.3
Investments in subsidiaries	0	0
Intercompany advances	0	0
Property, plant and equipment, net	151.2	154.1
Goodwill	81.7	82
Intangible assets, net	89.1	92.8
Other long-term assets	68.7	66.4
Total assets	944.6	939.6
Current liabilities:
Trade accounts payable	134.9	129.7
Payable to affiliates	7.1	6.6
Accrued expenses and other	96.3	95.3
Total current liabilities	238.3	231.6
Long-term liabilities, less current portion:
Debt	434	445.8
Deferred tax liabilities	21.4	21.4
Other long-term liabilities	34.4	38.5
Total long-term liabilities	489.8	505.7
Intercompany advances	0	0
Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity	209.6	195.4
Noncontrolling interest	6.9	6.9
Total equity	216.5	202.3
Total liabilities and shareholder's equity	944.6	939.6
Reportable Legal Entities | Parent
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0
Inventories, net	0	0
Receivable from affiliates	0	0
Other current assets	0.7	0.8
Total current assets	0.7	0.8
Investments in subsidiaries	520.1	495.4
Intercompany advances	247	249.2
Property, plant and equipment, net	6.4	6.7
Goodwill	0	0
Intangible assets, net	0	0
Other long-term assets	59	57.2
Total assets	833.2	809.3
Current liabilities:
Trade accounts payable	0	0
Payable to affiliates	0	0
Accrued expenses and other	14.2	15.2
Total current liabilities	14.2	15.2
Long-term liabilities, less current portion:
Debt	415.2	430.6
Deferred tax liabilities	0	0
Other long-term liabilities	10.2	16.4
Total long-term liabilities	425.4	447
Intercompany advances	177.1	144.8
Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity	209.6	195.4
Noncontrolling interest	6.9	6.9
Total equity	216.5	202.3
Total liabilities and shareholder's equity	833.2	809.3
Reportable Legal Entities | Combined Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	0	0.1	0.5	3.8
Accounts receivable, net	140.8	139.7
Inventories, net	183.2	183.1
Receivable from affiliates	0	0
Other current assets	33.5	34.2
Total current assets	357.5	357.1
Investments in subsidiaries	178.5	173.5
Intercompany advances	72.8	65.4
Property, plant and equipment, net	100.6	112.2
Goodwill	56.5	56.5
Intangible assets, net	67.1	69.4
Other long-term assets	5.5	4.8
Total assets	838.5	838.9
Current liabilities:
Trade accounts payable	102.9	91.5
Payable to affiliates	0	0
Accrued expenses and other	61.1	58.6
Total current liabilities	164	150.1
Long-term liabilities, less current portion:
Debt	13.4	14.6
Deferred tax liabilities	17.2	17.1
Other long-term liabilities	18.1	13
Total long-term liabilities	48.7	44.7
Intercompany advances	131	172.9
Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity	494.8	471.2
Noncontrolling interest	0	0
Total equity	494.8	471.2
Total liabilities and shareholder's equity	838.5	838.9
Reportable Legal Entities | Combined Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	48.3	48.3	42.1	44.5
Accounts receivable, net	59.6	59.6
Inventories, net	65.7	65.9
Receivable from affiliates	10.7	8.6
Other current assets	11.4	4
Total current assets	195.7	186.4
Investments in subsidiaries		0
Intercompany advances	149.6	151.6
Property, plant and equipment, net	44.2	35.2
Goodwill	25.2	25.5
Intangible assets, net	22	23.4
Other long-term assets	4.2	4.4
Total assets	440.9	426.5
Current liabilities:
Trade accounts payable	32	38.2
Payable to affiliates	7.1	6.6
Accrued expenses and other	21	21.5
Total current liabilities	60.1	66.3
Long-term liabilities, less current portion:
Debt	5.4	0.6
Deferred tax liabilities	4.2	4.3
Other long-term liabilities	6.1	9.1
Total long-term liabilities	15.7	14
Intercompany advances	161.3	148.5
Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity	196.9	190.8
Noncontrolling interest	6.9	6.9
Total equity	203.8	197.7
Total liabilities and shareholder's equity	440.9	426.5
Reclassifications/ Eliminations
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts receivable, net	0	0
Inventories, net	0	0
Receivable from affiliates	0	0
Other current assets	0	0
Total current assets	0	0
Investments in subsidiaries	(698.6)	(668.9)
Intercompany advances	(469.4)	(466.2)
Property, plant and equipment, net	0	0
Goodwill	0	0
Intangible assets, net	0	0
Other long-term assets	0	0
Total assets	(1,168)	(1,135.1)
Current liabilities:
Trade accounts payable	0	0
Payable 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 long-term liabilities	0	0
Total long-term liabilities	0	0
Intercompany advances	(469.4)	(466.2)
Total Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity	(691.7)	(662)
Noncontrolling interest	(6.9)	(6.9)
Total equity	(698.6)	(668.9)
Total liabilities and shareholder's equity	$ (1,168)	$ (1,135.1)

Supplemental Guarantor Inform44

Supplemental Guarantor Information (Consolidating Statements of Operations and Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Consolidating statement of operations
Net sales	$ 329.4	$ 377.3	$ 657.4	$ 752
Cost of sales	275.1	316.9	555.3	633.2
Gross profit	54.3	60.4	102.1	118.8
Selling, general and administrative expenses	33.4	34.5	65.8	68.5
Asset impairment	0	0	4	0
Income (loss) from subsidiaries	0	0	0	0
Operating income	20.9	25.9	32.3	50.3
Interest expense	7	6.9	14.1	13.7
Income before income taxes	13.9	19	18.2	36.6
Income tax expense	4.5	6.2	6.1	12.6
Net income	9.4	12.8	12.1	24
Net (income) loss attributable to noncontrolling interest	0	(0.2)	0	(0.5)
Net income attributable to ParkOhio common shareholder	9.4	12.6	12.1	23.5
Other comprehensive income (loss) (see note 11):
Foreign currency translation adjustments	(6.5)	2.7	(3.9)	(2.6)
Pension and OPEB activity, net of tax adjustments	0.2	0.1	0.4	0.3
Total comprehensive income, net of tax	3.1	15.6	8.6	21.7
Comprehensive (income) loss attributable to noncontrolling interest	0	(0.2)	0	(0.5)
Comprehensive income attributable to ParkOhio common shareholder	3.1	15.4	8.6	21.2
Reportable Legal Entities | Parent
Consolidating statement of operations
Net sales	0	0	0	0
Cost of sales	0	0	0	0
Gross profit	0	0	0	0
Selling, general and administrative expenses	6.2	6.5	10.3	12.8
Asset impairment			0
Income (loss) from subsidiaries	22.2	26.1	35.8	50.1
Operating income	16	19.6	25.5	37.3
Interest expense	6.6	6.7	13.4	13.2
Income before income taxes	9.4	12.9	12.1	24.1
Income tax expense	0	0	0	0
Net income	9.4	12.9	12.1	24.1
Net (income) loss attributable to noncontrolling interest	0	(0.2)	0	(0.5)
Net income attributable to ParkOhio common shareholder	9.4	12.7	12.1	23.6
Other comprehensive income (loss) (see note 11):
Foreign currency translation adjustments	(6.5)	2.7	(3.9)	(2.6)
Pension and OPEB activity, net of tax adjustments	0.2	0.1	0.4	0.3
Total comprehensive income, net of tax	3.1	15.7	8.6	21.8
Comprehensive (income) loss attributable to noncontrolling interest	0	(0.2)	0	(0.5)
Comprehensive income attributable to ParkOhio common shareholder	3.1	15.5	8.6	21.3
Reportable Legal Entities | Combined Guarantor Subsidiaries
Consolidating statement of operations
Net sales	258.6	295.5	509.6	586.6
Cost of sales	220.2	252.9	440.5	505.1
Gross profit	38.4	42.6	69.1	81.5
Selling, general and administrative expenses	18	18.3	36.5	36
Asset impairment			4
Income (loss) from subsidiaries	3.7	5.2	8.1	10.6
Operating income	24.1	29.5	36.7	56.1
Interest expense	0	0	0	0
Income before income taxes	24.1	29.5	36.7	56.1
Income tax expense	2.6	4.4	1.7	8.2
Net income	21.5	25.1	35	47.9
Net (income) loss attributable to noncontrolling interest	0	0	0	0
Net income attributable to ParkOhio common shareholder	21.5	25.1	35	47.9
Other comprehensive income (loss) (see note 11):
Foreign currency translation adjustments	0	0	0	0
Pension and OPEB activity, net of tax adjustments	0.2	(0.1)	0.4	0.1
Total comprehensive income, net of tax	21.7	25	35.4	48
Comprehensive (income) loss attributable to noncontrolling interest	0	0	0	0
Comprehensive income attributable to ParkOhio common shareholder	21.7	25	35.4	48
Reportable Legal Entities | Combined Non-Guarantor Subsidiaries
Consolidating statement of operations
Net sales	70.8	81.8	147.8	165.4
Cost of sales	54.9	64	114.8	128.1
Gross profit	15.9	17.8	33	37.3
Selling, general and administrative expenses	9.2	9.7	19	19.7
Asset impairment			0
Income (loss) from subsidiaries	0	0	0	0
Operating income	6.7	8.1	14	17.6
Interest expense	0.4	0.2	0.7	0.5
Income before income taxes	6.3	7.9	13.3	17.1
Income tax expense	1.9	1.8	4.4	4.4
Net income	4.4	6.1	8.9	12.7
Net (income) loss attributable to noncontrolling interest	0	(0.2)	0	(0.5)
Net income attributable to ParkOhio common shareholder	4.4	5.9	8.9	12.2
Other comprehensive income (loss) (see note 11):
Foreign currency translation adjustments	(6.5)	2.7	(3.9)	(2.6)
Pension and OPEB activity, net of tax adjustments	0	0	0	0
Total comprehensive income, net of tax	(2.1)	8.8	5	10.1
Comprehensive (income) loss attributable to noncontrolling interest	0	(0.2)	0	(0.5)
Comprehensive income attributable to ParkOhio common shareholder	(2.1)	8.6	5	9.6
Reclassifications/ Eliminations
Consolidating statement of operations
Net sales	0	0	0	0
Cost of sales	0	0	0	0
Gross profit	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Asset impairment			0
Income (loss) from subsidiaries	(25.9)	(31.3)	(43.9)	(60.7)
Operating income	(25.9)	(31.3)	(43.9)	(60.7)
Interest expense	0	0	0	0
Income before income taxes	(25.9)	(31.3)	(43.9)	(60.7)
Income tax expense	0	0	0	0
Net income	(25.9)	(31.3)	(43.9)	(60.7)
Net (income) loss attributable to noncontrolling interest	0	0.2	0	0.5
Net income attributable to ParkOhio common shareholder	(25.9)	(31.1)	(43.9)	(60.2)
Other comprehensive income (loss) (see note 11):
Foreign currency translation adjustments	6.5	(2.7)	3.9	2.6
Pension and OPEB activity, net of tax adjustments	(0.2)	0.1	(0.4)	(0.1)
Total comprehensive income, net of tax	(19.6)	(33.9)	(40.4)	(58.2)
Comprehensive (income) loss attributable to noncontrolling interest	0	0.2	0	0.5
Comprehensive income attributable to ParkOhio common shareholder	$ (19.6)	$ (33.7)	$ (40.4)	$ (57.7)

(Condensed Consolidating Statem

(Condensed Consolidating Statements of Cash Flows) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Condensed consolidating statement of cash flows
Net cash provided (used) by operating activities	$ 26.8	$ (8.5)
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(14)	(19.9)
Net cash used by investing activities	(14)	(19.9)
FINANCING ACTIVITIES
Intercompany account change	0	0
Proceeds from term loans and other debt	6.1	3.3
Payments on term loans and other debt	(2.2)	(1.5)
(Payments) proceeds from revolving credit facility, net	(13.5)	24.9
Payments on capital lease facilities, net	(1.6)	0
Payment of acquisition earn-out	(2)	0
Dividend paid to Parent	0	(2.5)
Net cash (used) provided by financing activities	(13.2)	24.2
Effect of exchange rate changes on cash	0.3	(1.5)
Decrease in cash and cash equivalents	(0.1)	(5.7)
Cash and cash equivalents at beginning of period	48.4	48.3
Cash and cash equivalents at end of period	48.3	42.6
Reportable Legal Entities | Parent
Condensed consolidating statement of cash flows
Net cash provided (used) by operating activities	(24.4)	(18.6)
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(0.1)	0
Net cash used by investing activities	(0.1)	0
FINANCING ACTIVITIES
Intercompany account change	40.2	(5.8)
Proceeds from term loans and other debt	0	3.3
Payments on term loans and other debt	(2.2)	(1.3)
(Payments) proceeds from revolving credit facility, net	(13.5)	24.9
Payments on capital lease facilities, net	0
Payment of acquisition earn-out	0
Dividend paid to Parent		(2.5)
Net cash (used) provided by financing activities	24.5	18.6
Effect of exchange rate changes on cash	0	0
Decrease in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Reportable Legal Entities | Combined Guarantor Subsidiaries
Condensed consolidating statement of cash flows
Net cash provided (used) by operating activities	59.8	(0.4)
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(3.2)	(14.8)
Net cash used by investing activities	(3.2)	(14.8)
FINANCING ACTIVITIES
Intercompany account change	(56.3)	12.1
Proceeds from term loans and other debt	1	0
Payments on term loans and other debt	0	(0.2)
(Payments) proceeds from revolving credit facility, net	0	0
Payments on capital lease facilities, net	(1.4)
Payment of acquisition earn-out	0
Dividend paid to Parent		0
Net cash (used) provided by financing activities	(56.7)	11.9
Effect of exchange rate changes on cash	0	0
Decrease in cash and cash equivalents	(0.1)	(3.3)
Cash and cash equivalents at beginning of period	0.1	3.8
Cash and cash equivalents at end of period	0	0.5
Reportable Legal Entities | Combined Non-Guarantor Subsidiaries
Condensed consolidating statement of cash flows
Net cash provided (used) by operating activities	5.9	20.8
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(10.7)	(5.1)
Net cash used by investing activities	(10.7)	(5.1)
FINANCING ACTIVITIES
Intercompany account change	1.6	(16.6)
Proceeds from term loans and other debt	5.1	0
Payments on term loans and other debt	0	0
(Payments) proceeds from revolving credit facility, net	0	0
Payments on capital lease facilities, net	(0.2)
Payment of acquisition earn-out	(2)
Dividend paid to Parent		0
Net cash (used) provided by financing activities	4.5	(16.6)
Effect of exchange rate changes on cash	0.3	(1.5)
Decrease in cash and cash equivalents	0	(2.4)
Cash and cash equivalents at beginning of period	48.3	44.5
Cash and cash equivalents at end of period	48.3	42.1
Reclassifications/ Eliminations
Condensed consolidating statement of cash flows
Net cash provided (used) by operating activities	(14.5)	(10.3)
INVESTING ACTIVITIES
Purchases of property, plant and equipment	0	0
Net cash used by investing activities	0	0
FINANCING ACTIVITIES
Intercompany account change	14.5	10.3
Proceeds from term loans and other debt		0
Payments on term loans and other debt	0	0
(Payments) proceeds from revolving credit facility, net	0	0
Payments on capital lease facilities, net	0
Payment of acquisition earn-out	0
Dividend paid to Parent		0
Net cash (used) provided by financing activities	14.5	10.3
Effect of exchange rate changes on cash	0	0
Decrease in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	$ 0	$ 0