Park-Ohio (PKOH) 10-Q 10 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'PARK OHIO HOLDINGS CORP	'
Entity Central Index Key	'0000076282	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	12,511,039

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$62.50	$55.20
Accounts receivable, less allowances for doubtful accounts of $3.2 million at September 30, 2014 and $3.7 million at December 31, 2013	202	165.7
Inventories, net	230.3	221.4
Deferred tax assets	26.3	25.2
Unbilled contract revenue	10.7	8.7
Other current assets	13.9	20.1
Total current assets	545.7	496.3
Property, plant and equipment, net	116.6	115.4
Goodwill	61.7	60.4
Intangible assets, net	64.1	66.2
Other long-term assets	85.7	80.4
Total assets	873.8	818.7
Current liabilities:	'	'
Trade accounts payable	132.7	112
Accrued expenses and other	90.3	86
Total current liabilities	223	198
Long-term liabilities, less current portion:	'	'
Debt	376.7	379.2
Deferred tax liabilities	47	45.3
Other postretirement benefits and other long-term liabilities	33.2	32.2
Total long-term liabilities	456.9	456.7
Capital stock, par value $1 a share	'	'
Serial preferred stock: Authorized -- 632,470 shares: Issued and outstanding -- none	0	0
Common stock: Authorized -- 40,000,000 shares; Issued -- 14,507,321 shares in 2014 and 14,364,239 in 2013	14.5	14.4
Additional paid-in capital	87.1	82.4
Retained earnings	117.4	85.6
Treasury stock, at cost, 2,003,782 shares in 2014 and 1,934,959 shares in 2013	-30.5	-26.8
Accumulated other comprehensive (loss) income	-0.4	3.4
Total Park-Ohio Holdings Corp. and Subsidiaries shareholders' equity	188.1	159
Noncontrolling interest	5.8	5
Total equity	193.9	164
Total liabilities and shareholders' equity	$873.80	$818.70

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]	'	'
Allowance for doubtful accounts	$3.20	$3.70
Capital stock, par value (in dollars per share)	$1	$1
Serial preferred stock, shares authorized (in shares)	632,470	632,470
Serial preferred stock, shares issued (in shares)	0	0
Serial preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	14,507,321	14,364,239
Treasury stock, shares (in shares)	2,003,782	1,934,959

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Net sales	$344.60	$303.50	$1,005.70	$893.80
Cost of sales	284	248.9	828.1	730.1
Gross profit	60.6	54.6	177.6	163.7
Selling, general and administrative expenses	34.2	31.1	102.9	92.2
Litigation judgment costs	0	5.2	0	5.2
Operating income	26.4	18.3	74.7	66.3
Gain on acquisition of business	0	-0.6	0	-0.6
Interest expense	6.5	6.5	19.4	19.4
Income from continuing operations before income taxes	19.9	12.4	55.3	47.5
Income tax expense	7.4	3.7	19.6	16
Net income from continuing operations	12.5	8.7	35.7	31.5
Income from discontinued operations, net of taxes	0	3.7	0	3.2
Net income	12.5	12.4	35.7	34.7
Net income attributable to noncontrolling interest	-0.1	-0.2	-0.8	-0.2
Net income attributable to ParkOhio common shareholders	$12.40	$12.20	$34.90	$34.50
Earnings per common share attributable to ParkOhio common shareholders - Basic:	'	'	'	'
Continuing operations (in dollars per share)	$1.02	$0.71	$2.88	$2.63
Discontinued operations (in dollars per share)	$0	$0.31	$0	$0.27
Total (in dollars per share)	$1.02	$1.02	$2.88	$2.90
Earnings per common share attributable to ParkOhio common shareholders - Diluted:	'	'	'	'
Continuing operations (in dollars per share)	$1	$0.69	$2.82	$2.57
Discontinued operations (in dollars per share)	$0	$0.30	$0	$0.26
Total (in dollars per share)	$1	$0.99	$2.82	$2.83
Weighted-average shares used to compute earnings per share:	'	'	'	'
Basic (in shares)	12,133,153	12,002,344	12,081,787	11,913,765
Diluted (in shares)	12,368,395	12,267,041	12,357,808	12,210,229
Dividend per common share (in dollars per share)	$0.13	$0	$0.25	$0

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income	$12.50	$12.40	$35.70	$34.70
Other comprehensive (loss) income:	'	'	'	'
Foreign currency translation (loss) gain	-4.9	1.2	-3.9	-1.7
Pension and postretirement benefit adjustments, net of tax	0.1	0.3	0.1	0.7
Total other comprehensive (loss) income	-4.8	1.5	-3.8	-1
Total comprehensive income, net of tax	7.7	13.9	31.9	33.7
Comprehensive income attributable to noncontrolling interest	-0.1	-0.2	-0.8	-0.2
Comprehensive income attributable to ParkOhio common shareholders	$7.60	$13.70	$31.10	$33.50

Condensed_Consolidated_Stateme2

Condensed Consolidated Statement of Shareholders' Equity (Unaudited) (USD $)	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Noncontrolling Interest [Member]
In Millions, except Share data, unless otherwise specified
Beginning balance at Dec. 31, 2013	$164	$14.40	$82.40	$85.60	($26.80)	$3.40	$5
Shares, Issued at Dec. 31, 2013	'	14,364,239	'	'	'	'	'
Treasury Stock, Shares, Acquired	68,823	'	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Other comprehensive income (loss)	31.9	'	'	34.9	'	-3.8	0.8
Share-based compensation expense	4.2	'	4.2	'	'	'	'
Restricted stock awards and options exercised (in shares)	'	132,750	'	'	'	'	'
Restricted stock awards and options exercised	0	0.1	-0.1	'	'	'	'
Restricted stock canceled (in shares)	'	-3,668	'	'	'	'	'
Restricted stock canceled	-0.1	'	-0.1	'	'	'	'
Performance-based stock awards (in shares)	'	14,000	'	'	'	'	'
Performance-based stock awards	0.7	'	0.7	'	'	'	'
Dividends	-3.1	'	'	-3.1	'	'	'
Purchase of treasury stock (68,823 shares)	-3.7	'	'	'	-3.7	'	'
Ending balance at Sep. 30, 2014	$193.90	$14.50	$87.10	$117.40	($30.50)	($0.40)	$5.80
Shares, Issued at Sep. 30, 2014	'	14,507,321	'	'	'	'	'

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
OPERATING ACTIVITIES	'	'
Net income	$35.70	$34.70
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	16.3	13.5
Share-based compensation	4.2	3.6
Gain on sale of assets	-1.6	-6
Gain on acquisition	0	-0.6
Other	0.9	0
Changes in operating assets and liabilities, excluding business acquisitions:	'	'
Accounts receivable	-33.9	-13.7
Inventories and other current assets	-4.5	-1.3
Accounts payable and accrued expenses	24.9	5.2
Other	-8.5	1.5
Net cash provided by operating activities	33.5	36.9
INVESTING ACTIVITIES	'	'
Purchases of property, plant and equipment	-13.9	-24.4
Proceeds from sale and leaseback transactions	0	7.1
Proceeds from sale of assets	2	14.2
Business acquisitions, net of cash acquired	-5.4	-21.6
Net cash used by investing activities	-17.3	-24.7
FINANCING ACTIVITIES	'	'
Payments on term loans and other debt	-4.1	-3.1
(Payments on) proceeds from revolving credit facility, net	-0.5	12.6
Issuance of common stock under the incentive compensation plan	0.7	0.2
Dividends	-3.1	0
Purchase of treasury stock	-3.7	-2
Other	-1.3	0
Net cash (used) provided by financing activities	-12	7.7
Effect of exchange rate changes on cash	3.1	0
Increase in cash and cash equivalents	7.3	19.9
Cash and cash equivalents at beginning of period	55.2	44.4
Cash and cash equivalents at end of period	62.5	64.3
Income taxes paid	19.5	21.6
Interest paid	$13.10	$13.40

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2014
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 Holdings Corp. and its subsidiaries (collectively, “we”, “our” or the “Company”). All significant intercompany transactions have been eliminated in consolidation. 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 nine-month periods ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. The balance sheet at December 31, 2013 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, 2013.
	On September 3, 2013, we sold all of the outstanding equity interests of a non-core business unit in the Supply Technologies segment. This business unit is a provider of high-quality machine to machine information technology solutions, products and services. As of September 30, 2013, the results of the business unit have been reported as discontinued operations in the financial statements.

New_Accounting_Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2014
Accounting Changes and Error Corrections [Abstract]	'
New Accounting Pronouncements	'
	New Accounting Pronouncements
	Accounting Pronouncements Adopted
	In February 2013, the Financial Accounting Standard Board (“FASB”) issued Accounting Standard Update (“ASU”) 2013-04, “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date,” which requires entities to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date, as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors plus additional amounts the reporting entity expects to pay on behalf of its co-obligors. Entities are also required to disclose the nature and amount of the obligation as well as other information about those obligations. This ASU is effective prospectively for reporting periods beginning after December 15, 2013. The adoption of this ASU has an insignificant effect on our consolidated financial statements as it aligns with our current presentation.
	In February 2013, the FASB issued ASU 2013-05, “Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity,” requiring reporting entities that no longer have a controlling financial interest in a subsidiary or group of assets that is considered a business within a foreign entity to release the cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. For equity method investments that are foreign entities, the partial sale requires a pro rata portion of the cumulative translation adjustment to be released into net income upon a partial sale of such an equity investment. However, for an equity method investment that is not a foreign entity, the release of the cumulative translation adjustment into net income is required only if the partial sale represents a complete or substantially complete liquidation of the foreign entity that contains the equity method investment. Additionally, the amendments in this update clarify that the sale of an investment in a foreign entity requiring release into net income of the cumulative translation adjustment upon the occurrence of events that includes (1) events that result in the loss of a controlling financial interest in a foreign entity and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date. This ASU is effective prospectively for reporting periods beginning after December 15, 2013. The adoption of this ASU has an insignificant effect on our consolidated financial statements as it aligns with our current presentation.
	Recent Accounting Pronouncements Not Yet Adopted
	In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” which raises the threshold for disposals to qualify as discontinued operations and requires new disclosures for discontinued operations and for individually material disposal transactions that do not meet the definition of a discontinued operation. The ASU is effective prospectively for reporting periods beginning with the first quarter of 2015. Early adoption is permitted for disposals that have not been previously reported in the financial statements. We believe the adoption of this ASU will have an insignificant effect on our consolidated financial statement as it only applies to future disposals. The Company is currently evaluating early adoption of this ASU.
	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, 2016, and 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.

Segments

Segments	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Segments	'
	Segments
	The Company operates through three segments: Supply Technologies, Assembly Components and Engineered Products. Supply Technologies provides our customers with Total Supply Management™ services for a broad range of high-volume, specialty production components. Total Supply Management™ manages the efficiencies of every aspect of supplying production parts and materials to our customers’ manufacturing floor, from strategic planning to program implementation, and includes such services as engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing services and ongoing technical support. Assembly Components manufactures cast aluminum components, automotive and industrial rubber and thermoplastic products, fuel filler and hydraulic assemblies for automotive, agricultural equipment, construction equipment, heavy-duty truck and marine equipment industries. Assembly Components also provides value-added services such as design and engineering, machining and assembly. Engineered Products operates a diverse group of niche manufacturing businesses that design and manufacture a broad range of high quality products engineered for specific customer applications.
	The Company primarily evaluates performance and allocates resources based on segment operating income as well as projected future performance. Segment operating income is defined as revenues less expenses identifiable to the product lines included within each segment. Segment operating income reconciles to consolidated income from continuing operations before income taxes by deducting corporate costs that are not attributable to the segments and net interest expense.
	Results by business segment were as follows:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
		(In millions)
	Net sales:
	Supply Technologies	$	143.4		$	115.9		$	420.2		$	349.2
	Assembly Components	121.6			106.1			351.7			303.9
	Engineered Products	79.6			81.5			233.8			240.7
		$	344.6		$	303.5		$	1,005.70		$	893.8
	Income from continuing operations before income taxes:
	Supply Technologies	$	12.2		$	9.5		$	32.7		$	28
	Assembly Components	11			7.6			31.3			25.2
	Engineered Products	11.5			12.7			32.8			35.4
	Total segment operating income	34.7			29.8			96.8			88.6
	Corporate costs	(8.3		)	(6.3		)	(22.1		)	(17.1		)
	Litigation judgment costs	—			(5.2		)	—			(5.2		)
	Gain on acquisition of business	—			0.6			—			0.6
	Interest expense	(6.5		)	(6.5		)	(19.4		)	(19.4		)
	Income from continuing operations before income taxes	$	19.9		$	12.4		$	55.3		$	47.5
		30-Sep-14			31-Dec-13
		(In millions)
	Identifiable assets:
	Supply Technologies	$	278.8		$	241.7
	Assembly Components	283.9			276.7
	Engineered Products	191.2			183.1
	General corporate	119.9			117.2
		$	873.8		$	818.7

Acquisitions

Acquisitions

9 Months Ended

Sep. 30, 2014

Business Combinations [Abstract]

'

Acquisitions

'

Acquisitions

The following table summarizes the Company's recent acquisitions:

Description

Date of Transaction

Purchase

Acquired

Segment

Consideration

(In millions)

Autoform Tool & Manufacturing

10-Oct-14

$

48.9

100% of equity

Assembly Components

An Indiana supplier of high and pressure fuel lines used in Gasoline Direct Injection systems across a large number of engine platforms.

Apollo Group Limited

10-Jun-14

$

6.5

*

100% of equity

Supply Technologies

A U.K. supply chain management services company providing Class C production components and supply chain solutions to aerospace customers worldwide.

QEF Global Holdings Limited

1-Nov-13

$

4.1

*

100% of equity

Supply Technologies

An Irish provider of supply chain management solutions with four locations throughout Ireland, Scotland and England.

Henry Halstead Limited

1-Oct-13

$

20.1

*

100% of equity

Supply Technologies

A U.K. provider of supply chain management solutions throughout the United Kingdom and Ireland.

Pines Technology

14-Aug-13

$

0.8

*

Assets & liabilities

Engineered Products

An Ohio design and manufacturing business of various tube bending machines and related tooling, spare and replacement parts and ancillary services for commercial applications.

Bates Rubber

29-Apr-13

$

20.8

*

Assets & liabilities

Assembly Components

A Tennessee manufacturer of extrusion, formed, and molded products including air/fluid transfer hoses and assemblies, emission management subsystems, thermoplastic hose and molded components and gaskets for transportation and industrial applications.

* Purchase consideration is net of cash acquired.

These acquisitions were accounted for under the acquisition method of accounting. The Apollo Group Limited (“Apollo”)purchase price allocation was preliminary as of September 30, 2014. The Apollo purchase agreement provides for payment of contingent consideration of approximately $2.4 million based on achievement of certain EBITDA targets over two years. The fair value of the earn-out was approximately $1.1 million at the date of the acquisition for a total purchase consideration of $6.5 million. On the acquisition date, a liability was recognized for the estimate of the acquisition date fair value of the earn-out. Any change in the fair value of the earn-out subsequent to the acquisition date will be recognized in selling, general and administrative expenses. Management’s valuation of the fair value of tangible and intangible assets acquired and liabilities assumed are based on estimates and assumptions. The purchase price allocation is subject to further adjustment until all pertinent information regarding the finalization of the appraisals for inventories, intangibles, goodwill, other liabilities and deferred income tax assets and liabilities acquired are fully evaluated by the Company.

The following table summarizes the acquisition-related costs we incurred for the periods presented:

Three Months Ended

Nine Months Ended

September 30,

September 30,

2014

2013

2014

2013

(In millions)

Costs included in cost of sales:

Acquisition-related costs

$

0.2

$

—

$

0.2

$

—

Costs included in selling, general and administrative expenses:

Contingent consideration expenses

$

0.2

$

—

$

0.9

$

—

The acquisition-related costs in cost of sales relate to the fair value measurements to inventory acquired from the acquisitions that were expensed during the periods presented.

Discontinued_Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Discontinued Operations	'
	Discontinued Operations
	On September 3, 2013, the Company sold all of the outstanding equity interests of a non-core business unit in the Supply Technologies segment for $8.5 million in cash. This business is a provider of high-quality machine to machine information technology solutions, products and services. As a result of the sale, we removed this business unit from the Supply Technologies segment and presented it as a discontinued operation for all of the periods presented. Select financial information included in discontinued operations was as follows:
		Three Months Ended September 30, 2013			Nine Months Ended September 30, 2013
		(In millions)
	Net sales	$	1		$	5.2
	Loss from discontinued operations before tax	$	(0.5	)	$	(1.3	)
	Income tax benefit from operations	0.2			0.5
	Net loss from discontinued operations	(0.3		)	(0.8		)
	Gain on sale of business before tax	5.4			5.4
	Income tax expense from gain on sale of business	(1.4		)	(1.4		)
	Net gain on sale of business	4			4
	Income from discontinued operations, net of taxes	$	3.7		$	3.2

Accounts_Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Accounts Receivable	'
	Accounts Receivable
	We sell accounts receivable to reduce accounts receivable concentration risk and to provide additional financing capacity. The following table summarizes accounts receivable sold and the losses recorded on the sales of accounts receivable.
		Three Months Ended September 30,						Nine Months Ended September 30,
		2014			2013			2014			2013
		(In millions)
	Accounts receivable sold	$	23.9		$	18.6		$	70.1		$	54.6
	Loss on sale of accounts receivable	$	(0.1	)	$	(0.1	)	$	(0.3	)	$	(0.3	)
	The loss on the sale of accounts receivable is recorded in selling, general and administrative expenses. These losses represent the implicit interest on the transaction.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	Inventories
	The components of inventory consist of the following:
		September 30, 2014		December 31, 2013
		(In millions)
	Finished goods	$	138.2	$	124.1
	Work in process	35.3		36
	Raw materials and supplies	56.8		61.3
	Inventories, net	$	230.3	$	221.4

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill	'
	Goodwill
	The changes in the carrying amount of goodwill by segment for the periods ended September 30, 2014 and December 31, 2013 were as follows:
		Supply Technologies			Assembly Components		Engineered Products			Total
		(In millions)
	Balance at January 1, 2013	$	—		$	44.8	$	4.9		$	49.7
	Acquisitions	6.2			4.2		—			10.4
	Foreign currency translation	0.2			—		0.1			0.3
	Balance at December 31, 2013	6.4			49		5			60.4
	Foreign currency translation	(0.3		)	—		(0.2		)	(0.5		)
	Acquisition adjustments	1.8			—		—			1.8
	Balance at September 30, 2014	$	7.9		$	49	$	4.8		$	61.7
	During the third quarter of 2014, we adjusted the preliminary goodwill recorded for Apollo primarily to reflect the fair value of intangibles, inventory and contingent consideration. During the second quarter of 2014, the Company adjusted the preliminary goodwill recorded for Henry Halstead Limited (“Henry Halstead”) and QEF Global Holdings Limited (“QEF”) related to the finalization of the fair value of customer relationships. The 2013 condensed consolidated financial statements have not been retroactively adjusted as these measurement period adjustments had an insignificant impact on such statements.
	The increase in goodwill in 2013 was due to the acquisitions of Bates Rubber (“Bates”) in the second quarter of 2013 and Henry Halstead and QEF in the fourth quarter of 2013. Bates is included in the Assembly Components segment and Henry Halstead, QEF and Apollo are included in the Supply Technologies segment.
	The goodwill from these acquisitions represents the future economic benefits arising from other assets acquired which were unable to be individually identified and separately recognized.
	The goodwill associated with the Bates transaction is deductible for income tax purposes. The goodwill associated with the Henry Halstead, QEF and Apollo transactions are not deductible for income tax purposes.

Other_Intangible_Assets

Other Intangible Assets	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Other Intangible Assets	'
	Other Intangible Assets
	Information regarding other intangible assets as of September 30, 2014 and December 31, 2013 follows:
		September 30, 2014														December 31, 2013
		Weighted Average Useful Life		Acquisition				Accumulated				Net				Acquisition		Accumulated		Net
				Costs				Amortization								Costs		Amortization
				(In millions)
	Non-contractual customer relationships	12.7 years		$	62.3			$	12.1			$	50.2			$	61.1	$	8.7	$	52.4
	Indefinite-lived tradenames	*		12.1				*				12.1				11.7		*		11.7
	Other	9.4 years		3.9				2.1				1.8				3.9		1.8		2.1
	Total			$	78.3			$	14.2			$	64.1			$	76.7	$	10.5	$	66.2
	* Not meaningful, tradenames have an indefinite life.
	The increase in non-contractual customer relationships and indefinite-lived tradenames is primarily due to the intangibles acquired related to the Apollo acquisition partially offset by currency translation and the acquisition adjustments to Henry Halstead and QEF, as discussed in Note 8 - Goodwill.
	Information regarding amortization expense of other intangibles for the periods presented are as follows:
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2014				2013				2014				2013
		(In millions)
	Amortization expense	$	1			$	0.5			$	3.4			$	2.2

Accrued_Warranty_Costs

Accrued Warranty Costs	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [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 nine months ended September 30, 2014 and 2013:
		2014			2013
		(In millions)
	Balance at January 1,	$	5.4		$	6.9
	Claims paid	(2.0		)	(3.4		)
	Warranty expense, net	1.9			4.6
	Balance at September 30,	$	5.3		$	8.1

Financing_Arrangements

Financing Arrangements	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Financing Arrangements	'
	Financing Arrangements
	On July 31, 2014, the Company entered into a sixth amendment and restatement of the credit agreement (the “Amended Credit Agreement”). The Amended Credit Agreement, among other things, increases the revolving credit facility to $230.0 million, provides a term loan for $16.1 million and extends the maturity date of the borrowings under the Amended Credit Agreement to July 31, 2019. The revolving credit facility includes a Canadian sub-limit of $15.0 million and a European sub-limit of $10.0 million (which may be increased to $25.0 million) for borrowings in those locations.
	At the Company’s election, domestic amounts borrowed under the revolving credit facility may be borrowed at either:
	•LIBOR plus 1.5% to 2.5%; or
	•the bank’s prime lending rate minus 0.25% to 1.25%.
	At the Company's election, amounts borrowed under the term loan may be borrowed at either:
	•LIBOR plus 2.0% to 3.0%; or
	•the bank’s prime lending rate minus 0.75% to plus 0.25%.
	The LIBOR-based interest rate is dependent on the Company’s debt service coverage ratio, as defined in the Amended Credit Agreement.
	Amounts borrowed under the Canadian revolving credit facility provided by the Amended Credit Agreement may be borrowed at either:
	•the Canadian deposit offered rate plus 1.5% to 2.5%;
	•the Canadian prime lending rate plus 0.0% to 1.0%; or
	•the US base rate plus 0.0% to 1.0%.
	Under the Amended Credit Agreement, a detailed borrowing base formula provides borrowing availability to the Company based on percentages of eligible accounts receivable and inventory. The term loan is amortized based on a seven-year schedule with the balance due at maturity. The Amended Credit Agreement also reduced the commitment fee for the revolving credit facility. Additionally, the Company has the option, pursuant to the Amended Credit Agreement, to increase the availability under the revolving credit facility by $50.0 million.
	The Amended Credit Agreement was further amended in accordance with Amendment No. 1 to the Amended Credit Agreement, dated October 24, 2014 (the “Amendment”). The Amendment:
	•	increases the revolving credit facility from $230.0 million to $250.0 million;
	•	increases the inventory advance rate from 50% to 60%, reducing back to 50% on a pro-rata quarterly basis over 36 months commencing April 1, 2015;
	•	reloads the term loan up to $35.0 million from $15.5 million, of which $25.0 million has been borrowed and is outstanding as of October 24, 2014;
	•	increases the Canadian sub-limit up to $25.0 million from $15.0 million;
	•	increases the European sub-limit up to $25.0 million from $10.0 million; and
	•	provides minor pricing adjustments including pricing the first $22.0 million drawn on the revolver at LIBOR + 3.50%, reducing automatically on a pro-rata quarterly basis over 36 months commencing April 1, 2015.
	Long-term debt consists of the following:
						Interest Rate at		Carrying Value at
		Issuance Date		Maturity Date		September 30, 2014		September 30, 2014		December 31, 2013
								(In millions)
	Senior Notes	1-Apr-11		1-Apr-21		8.125	%	$	250	$	250
	Revolving credit	—		31-Jul-19		1.69	%	110.4		111
	Term loan	—		31-Jul-19		2.25	%	16.1		18.7
	Other	Various		Various		Various		3.6		3.9
	Total debt							380.1		383.6
	Less current maturities							3.4		4.4
	Total long-term debt, net of current portion							$	376.7	$	379.2
	The following table represents fair value information of the Company's Senior Notes, classified as Level 1, at September 30, 2014 and December 31, 2013. The fair value was estimated using quoted market prices.
		30-Sep-14			31-Dec-13
		(In millions)
	Carrying amount	$	250		$	250
	Fair value	$	269.4		$	275.6
	Prior to entering into the Amended Credit Agreement, the Company was a party to a credit and security agreement, dated November 5, 2003, as amended and restated (the “Credit Agreement”), with a group of banks, under which it may borrow or issue standby letters of credit or commercial letters of credit. On March 23, 2012, the Credit Agreement was amended and restated to, among other things, increase the revolving loan commitment from $200.0 million to $220.0 million, and provide a term loan for $25.0 million that is secured by certain real estate and machinery and equipment. Amounts borrowed under the revolving credit facility may be borrowed at either (1) LIBOR plus 1.75% to 2.75% or (2) the bank’s prime lending rate minus 0.25% to 1.00%, at the Company’s election. The LIBOR-based interest rate is dependent on the Company’s debt service coverage ratio, as defined in the Credit Agreement. Under the Credit Agreement, a detailed borrowing base formula provides borrowing availability to the Company based on percentages of eligible accounts receivable and inventory. On April 3, 2013, the Credit Agreement was amended to increase the advance rate on eligible accounts receivable and inventory. Interest on the term loan is at either (1) LIBOR plus 2.75% or (2) the bank’s prime lending rate plus 0.25%, at the Company’s election. The term loan is amortized based on a seven-year schedule with the balance due at maturity (April 7, 2016).

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
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 the estimated annual effective income tax rate, and if the estimated income tax rate changes, a cumulative adjustment is made.
	The effective tax rate for the first nine months of 2014 and 2013 was 35.4% and 33.7%, respectively. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. As of September 30, 2014, the Company recorded an increase to unrecognized tax benefits of approximately $0.9 million related to prior year tax positions and accrued interest.

StockBased_Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock-Based Compensation	'
	Stock-Based Compensation
	A summary of stock option activity as of September 30, 2014 and changes during the first nine months of 2014 is presented below:
		2014
		Number of Shares		Weighted Average		Weighted		Aggregate
				Exercise Price		Average		Intrinsic
						Remaining		Value
						Contractual
						Term
		(In whole shares)						(In millions)
	Outstanding - beginning of year	146,000		$	16.71
	Granted	—		—
	Exercised	(2,500	)	14.12
	Canceled or expired	—		—
	Outstanding - end of period	143,500		$	16.76	1.8 years		$	4.5
	Options exercisable	143,500		$	16.76	1.8 years		$	4.5
	A summary of restricted share and performance share activity for the nine months ended September 30, 2014 is as follows:
		2014
		Time-Based				Performance-Based
		Number of Shares		Weighted Average		Number of Shares			Weighted Average
				Grant Date					Grant Date
				Fair Value					Fair Value
		(In whole shares)				(In whole shares)
	Outstanding - beginning of year	422,898		$	21.04	42,000			$	20.3
	Granted	130,250		57.72		—			—
	Vested	(177,135	)	21.54		(14,000	)		20.3
	Canceled or expired	(3,668	)	35.34		—			—
	Outstanding - end of period	372,345		$	33.49	28,000			$	20.3
	Total stock-based compensation expense included in selling, general and administrative expenses during the first nine months of 2014 and 2013 was $4.2 million and $3.6 million, respectively. As of September 30, 2014, there was $11.1 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 2.18 years.

Commitments_Contingencies_and_

Commitments, Contingencies and Litigation Judgment	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments, Contingencies and Litigation Judgment	'
	Commitments, Contingencies and Litigation Judgment
	The Company is subject to various pending and threatened legal proceedings arising in the ordinary course of business. Although the Company cannot precisely predict the amount of any liability that may ultimately arise with respect to any of these matters, the Company records provisions when it considers the liability probable and reasonably estimable. Our provisions are based on historical experience and legal advice, reviewed quarterly and adjusted according to developments. Estimating probable losses requires the analysis of multiple forecasted factors that often depend on judgments about potential actions by third parties, such as regulators, courts, and state and federal legislatures. Changes in the amounts of our loss provisions, which can be material, affect our financial condition. Due to the inherent uncertainties in the process undertaken to estimate potential losses, we are unable to estimate an additional range of loss in excess of our accruals. While it is reasonably possible that such excess liabilities, if they were to occur, could be material to operating results in any given quarter or year of their recognition, we do not believe that it is reasonably possible that such excess liabilities would have a material adverse effect on our long-term results of operations, liquidity or consolidated financial position.
	Our subsidiaries are involved in a number of contractual and warranty related disputes. At this time, we cannot reasonably determine the probability of a loss, and the timing and amount of loss, if any, cannot be reasonably estimated. We believe that appropriate liabilities for these contingencies have been recorded; however, actual results may differ materially from our estimates.
	Ajax Tocco Magnethermic Corporation (“ATM”) was the defendant in a lawsuit in the United States District Court for the Eastern District of Arkansas. The plaintiff is IPSCO Tubulars Inc. d/b/a TMK IPSCO. The complaint alleged claims for breach of contract, gross negligence and constructive fraud, and TMK IPSCO sought approximately $6.0 million in direct and $4.0 million in consequential damages as well as an unspecified amount of punitive damages. ATM denied the allegations against it, believes it has a number of meritorious defenses and vigorously defended the lawsuit. A motion for partial summary judgment filed by ATM that, among other things, denied the plaintiff's fraud claims was granted by the district court. The remaining claims were the subject of a bench trial in May 2013. At the close of TMK IPSCO's case, the court entered partial judgment in favor of ATM, dismissing the gross negligence claim, dismissing a portion of the breach of contract claim, and dismissing any claim for punitive damages. The trial proceeded with respect to the remainder of TMK IPSCO's claim for damages and, in September 2013, the district court awarded TMK IPSCO damages of approximately $5.2 million, which the Company recorded. ATM is appealing the court’s decision. TMK IPSCO is also appealing the decision and, additionally, it has asked the court for $3.8 million in attorney's fees.
	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 has formed a special committee to review the Company’s transactions with the third party and to make any recommendations to the Board of Directors with respect thereto.
	The Company intends to cooperate fully with the SEC and the DOJ in connection with their investigations of the third party and with the SEC in light of the Company’s disclosure. The Company is unable to predict the outcome or impact of the special committee’s investigation or the length, scope or results of the SEC’s review or the impact on its results of operations.

Pension_Plans_and_Other_Postre

Pension Plans and Other Postretirement Benefits	9 Months Ended
	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Pension Plans and Other Postretirement Benefits	'
	Pension Plans and Other Postretirement Benefits
	The components of net periodic benefit (gains) costs recognized during interim periods were as follows:
		Pension Benefits												Postretirement Benefits
		Three Months Ended September 30,						Nine Months Ended September 30,						Three Months Ended September 30,				Nine Months Ended September 30,
		2014			2013			2014			2013			2014		2013		2014		2013
		(In millions)
	Service costs	$	0.6		$	0.7		$	1.7		$	2		$	—	$	—	$	—	$	—
	Interest costs	0.5			0.5			1.7			1.5			0.2		0.2		0.5		0.5
	Expected return on plan assets	(2.5		)	(2.2		)	(7.6		)	(6.6		)	—		—		—		—
	Recognized net actuarial loss	—			0.2			—			0.5			0.1		0.2		0.4		0.6
	Net periodic benefit (gains) costs	$	(1.4	)	$	(0.8	)	$	(4.2	)	$	(2.6	)	$	0.3	$	0.4	$	0.9	$	1.1

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Accumulated Other Comprehensive Income (Loss)	'
	Accumulated Other Comprehensive Income (Loss)
	The components of and changes in accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2014 and 2013 were as follows:
		Three Months Ended September 30, 2014									Nine Months Ended September 30, 2014
		Cumulative Translation Adjustment			Pension and Postretirement Benefits			Total			Cumulative Translation Adjustment			Pension and Postretirement Benefits			Total
		(In millions)
	Beginning balance	$	3.8		$	0.6		$	4.4		$	2.8		$	0.6		$	3.4
	Foreign currency translation adjustments (a)	(4.9		)	—			(4.9		)	(3.9		)	—			(3.9		)
	Recognition of actuarial loss (b)	—			0.1			0.1			—			0.1			0.1
	Tax adjustment (c)	—			—			—			—			—			—
	Change in pension and postretirement benefits, net	—			0.1			0.1			—			0.1			0.1
	Ending balance	$	(1.1	)	$	0.7		$	(0.4	)	$	(1.1	)	$	0.7		$	(0.4	)
		Three Months Ended September 30, 2013									Nine Months Ended September 30, 2013
		Cumulative Translation Adjustment			Pension and Postretirement Benefits			Total			Cumulative Translation Adjustment			Pension and Postretirement Benefits			Total
		(In millions)
	Beginning balance	$	2.5		$	(11.8	)	$	(9.3	)	$	5.4		$	(12.2	)	$	(6.8	)
	Foreign currency translation adjustments (a)	1.2			—			1.2			(1.7		)	—			(1.7		)
	Recognition of actuarial loss (b)	—			0.4			0.4			—			1.1			1.1
	Tax adjustment (c)	—			(0.1		)	(0.1		)	—			(0.4		)	(0.4		)
	Change in pension and postretirement benefits, net	—			0.3			0.3			—			0.7			0.7
	Ending balance	$	3.7		$	(11.5	)	$	(7.8	)	$	3.7		$	(11.5	)	$	(7.8	)
	(a)	No income taxes are provided on foreign currency translation adjustments as foreign earnings are considered permanently invested.
	(b)	The recognition of actuarial losses are reclassified out of accumulated other comprehensive income (loss) and included in the computation of net periodic benefit cost in selling, general and administrative expenses.
	(c)	The tax adjustments are reclassified out of accumulated other comprehensive income (loss) and included in income tax expense.

WeightedAverage_Number_of_Shar

Weighted-Average Number of Shares Used in Computing Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Weighted-Average Number of Shares Used in Computing Earnings Per Share	'
	Weighted-Average Number of Shares Used in Computing Earnings Per Share
	The following table sets forth the weighted-average number of shares used in the computation of earnings per share:
		Three Months Ended September 30,		Nine Months Ended September 30,
		2014	2013	2014	2013
		(In whole shares)
	Weighted average basic shares outstanding	12,133,153	12,002,344	12,081,787	11,913,765
	Plus dilutive impact of employee stock awards	235,242	264,697	276,021	296,464
	Weighted average diluted shares outstanding	12,368,395	12,267,041	12,357,808	12,210,229
	Earnings from continuing operations per common share is computed as net income from continuing operations less net income attributable to noncontrolling interests divided by the weighted average basic shares outstanding. Diluted earnings from continuing operations per common share is computed as net income from continuing operations less net income attributable to noncontrolling interests divided by the weighted average diluted shares outstanding.
	Loss from discontinued operations per common share is computed as loss from discontinued operations, net of taxes divided by the weighted average basic shares outstanding. Diluted loss from discontinued operations per common share is computed as loss from discontinued operations, net of taxes divided by the weighted average diluted shares outstanding.
	Total basic earnings per common share is computed as net income attributable to Park-Ohio common shareholders divided by the weighted average basic shares outstanding. Total diluted earnings per common share is computed as net income attributable to Park-Ohio common shareholders divided by the weighted average diluted shares outstanding.
	Outstanding stock options with exercise prices greater than the average price of the common shares are anti-dilutive and are excluded in the computation of diluted earnings per share. For the three and nine months ended September 30, 2014 and 2013, the anti-dilutive shares were insignificant.

Subsequent_Event

Subsequent Event	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Event	'
	Subsequent Event
	On October 10, 2014, the Company acquired all the outstanding capital stock of Autoform Tool & Manufacturing ("ATM"), located in Indiana. See Note 4 - Acquisitions for more information about ATM.
	On October 24, 2014, the Company amended the Amended Credit Agreement. The Amendment provides additional borrowing capacity. See Note 11 - Financing Arrangements for more information about the Amended Credit Agreement and the Amendment.
	On October 30, 2014, the Company's Board of Directors declared a quarterly dividend of $0.125 per common share. The dividend will be paid on December 1, 2014 to all shareholders of record as of the close of business on November 17, 2014, which will result in a cash outlay of approximately $1.6 million in the fourth quarter of 2014.

New_Accounting_Pronouncements_

New Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Changes and Error Corrections [Abstract]	'
New Accounting Pronouncements	'
	Accounting Pronouncements Adopted
	In February 2013, the Financial Accounting Standard Board (“FASB”) issued Accounting Standard Update (“ASU”) 2013-04, “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date,” which requires entities to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date, as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors plus additional amounts the reporting entity expects to pay on behalf of its co-obligors. Entities are also required to disclose the nature and amount of the obligation as well as other information about those obligations. This ASU is effective prospectively for reporting periods beginning after December 15, 2013. The adoption of this ASU has an insignificant effect on our consolidated financial statements as it aligns with our current presentation.
	In February 2013, the FASB issued ASU 2013-05, “Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity,” requiring reporting entities that no longer have a controlling financial interest in a subsidiary or group of assets that is considered a business within a foreign entity to release the cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. For equity method investments that are foreign entities, the partial sale requires a pro rata portion of the cumulative translation adjustment to be released into net income upon a partial sale of such an equity investment. However, for an equity method investment that is not a foreign entity, the release of the cumulative translation adjustment into net income is required only if the partial sale represents a complete or substantially complete liquidation of the foreign entity that contains the equity method investment. Additionally, the amendments in this update clarify that the sale of an investment in a foreign entity requiring release into net income of the cumulative translation adjustment upon the occurrence of events that includes (1) events that result in the loss of a controlling financial interest in a foreign entity and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date. This ASU is effective prospectively for reporting periods beginning after December 15, 2013. The adoption of this ASU has an insignificant effect on our consolidated financial statements as it aligns with our current presentation.
	Recent Accounting Pronouncements Not Yet Adopted
	In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” which raises the threshold for disposals to qualify as discontinued operations and requires new disclosures for discontinued operations and for individually material disposal transactions that do not meet the definition of a discontinued operation. The ASU is effective prospectively for reporting periods beginning with the first quarter of 2015. Early adoption is permitted for disposals that have not been previously reported in the financial statements. We believe the adoption of this ASU will have an insignificant effect on our consolidated financial statement as it only applies to future disposals. The Company is currently evaluating early adoption of this ASU.
	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, 2016, and 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.

Segments_Tables

Segments (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Results by business segment	'
	Results by business segment were as follows:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
		(In millions)
	Net sales:
	Supply Technologies	$	143.4		$	115.9		$	420.2		$	349.2
	Assembly Components	121.6			106.1			351.7			303.9
	Engineered Products	79.6			81.5			233.8			240.7
		$	344.6		$	303.5		$	1,005.70		$	893.8
	Income from continuing operations before income taxes:
	Supply Technologies	$	12.2		$	9.5		$	32.7		$	28
	Assembly Components	11			7.6			31.3			25.2
	Engineered Products	11.5			12.7			32.8			35.4
	Total segment operating income	34.7			29.8			96.8			88.6
	Corporate costs	(8.3		)	(6.3		)	(22.1		)	(17.1		)
	Litigation judgment costs	—			(5.2		)	—			(5.2		)
	Gain on acquisition of business	—			0.6			—			0.6
	Interest expense	(6.5		)	(6.5		)	(19.4		)	(19.4		)
	Income from continuing operations before income taxes	$	19.9		$	12.4		$	55.3		$	47.5
		30-Sep-14			31-Dec-13
		(In millions)
	Identifiable assets:
	Supply Technologies	$	278.8		$	241.7
	Assembly Components	283.9			276.7
	Engineered Products	191.2			183.1
	General corporate	119.9			117.2
		$	873.8		$	818.7

Acquisitions_Tables

Acquisitions (Tables)

9 Months Ended

Sep. 30, 2014

Business Combinations [Abstract]

'

Schedule of acquisitions and acquisition-related costs

'

The following table summarizes the Company's recent acquisitions:

Description

Date of Transaction

Purchase

Acquired

Segment

Consideration

(In millions)

Autoform Tool & Manufacturing

10-Oct-14

$

48.9

100% of equity

Assembly Components

An Indiana supplier of high and pressure fuel lines used in Gasoline Direct Injection systems across a large number of engine platforms.

Apollo Group Limited

10-Jun-14

$

6.5

*

100% of equity

Supply Technologies

A U.K. supply chain management services company providing Class C production components and supply chain solutions to aerospace customers worldwide.

QEF Global Holdings Limited

1-Nov-13

$

4.1

*

100% of equity

Supply Technologies

An Irish provider of supply chain management solutions with four locations throughout Ireland, Scotland and England.

Henry Halstead Limited

1-Oct-13

$

20.1

*

100% of equity

Supply Technologies

A U.K. provider of supply chain management solutions throughout the United Kingdom and Ireland.

Pines Technology

14-Aug-13

$

0.8

*

Assets & liabilities

Engineered Products

An Ohio design and manufacturing business of various tube bending machines and related tooling, spare and replacement parts and ancillary services for commercial applications.

Bates Rubber

29-Apr-13

$

20.8

*

Assets & liabilities

Assembly Components

A Tennessee manufacturer of extrusion, formed, and molded products including air/fluid transfer hoses and assemblies, emission management subsystems, thermoplastic hose and molded components and gaskets for transportation and industrial applications.

* Purchase consideration is net of cash acquired.

The following table summarizes the acquisition-related costs we incurred for the periods presented:

Three Months Ended

Nine Months Ended

September 30,

September 30,

2014

2013

2014

2013

(In millions)

Costs included in cost of sales:

Acquisition-related costs

$

0.2

$

—

$

0.2

$

—

Costs included in selling, general and administrative expenses:

Contingent consideration expenses

$

0.2

$

—

$

0.9

$

—

Discontinued_Operations_Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule of Select Financial Information Included in Discontinued Operations	'
	Select financial information included in discontinued operations was as follows:
		Three Months Ended September 30, 2013			Nine Months Ended September 30, 2013
		(In millions)
	Net sales	$	1		$	5.2
	Loss from discontinued operations before tax	$	(0.5	)	$	(1.3	)
	Income tax benefit from operations	0.2			0.5
	Net loss from discontinued operations	(0.3		)	(0.8		)
	Gain on sale of business before tax	5.4			5.4
	Income tax expense from gain on sale of business	(1.4		)	(1.4		)
	Net gain on sale of business	4			4
	Income from discontinued operations, net of taxes	$	3.7		$	3.2

Accounts_Receivable_Tables

Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Schedule of Accounts Receivable Sold and Losses Recorded on the Sales	'
	The following table summarizes accounts receivable sold and the losses recorded on the sales of accounts receivable.
		Three Months Ended September 30,						Nine Months Ended September 30,
		2014			2013			2014			2013
		(In millions)
	Accounts receivable sold	$	23.9		$	18.6		$	70.1		$	54.6
	Loss on sale of accounts receivable	$	(0.1	)	$	(0.1	)	$	(0.3	)	$	(0.3	)

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Components of inventory	'
	The components of inventory consist of the following:
		September 30, 2014		December 31, 2013
		(In millions)
	Finished goods	$	138.2	$	124.1
	Work in process	35.3		36
	Raw materials and supplies	56.8		61.3
	Inventories, net	$	230.3	$	221.4

Goodwill_Tables

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of goodwill	'
	The changes in the carrying amount of goodwill by segment for the periods ended September 30, 2014 and December 31, 2013 were as follows:
		Supply Technologies			Assembly Components		Engineered Products			Total
		(In millions)
	Balance at January 1, 2013	$	—		$	44.8	$	4.9		$	49.7
	Acquisitions	6.2			4.2		—			10.4
	Foreign currency translation	0.2			—		0.1			0.3
	Balance at December 31, 2013	6.4			49		5			60.4
	Foreign currency translation	(0.3		)	—		(0.2		)	(0.5		)
	Acquisition adjustments	1.8			—		—			1.8
	Balance at September 30, 2014	$	7.9		$	49	$	4.8		$	61.7

Other_Intangible_Assets_Tables

Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of finite-lived intangible assets	'
	Information regarding other intangible assets as of September 30, 2014 and December 31, 2013 follows:
		September 30, 2014														December 31, 2013
		Weighted Average Useful Life		Acquisition				Accumulated				Net				Acquisition		Accumulated		Net
				Costs				Amortization								Costs		Amortization
				(In millions)
	Non-contractual customer relationships	12.7 years		$	62.3			$	12.1			$	50.2			$	61.1	$	8.7	$	52.4
	Indefinite-lived tradenames	*		12.1				*				12.1				11.7		*		11.7
	Other	9.4 years		3.9				2.1				1.8				3.9		1.8		2.1
	Total			$	78.3			$	14.2			$	64.1			$	76.7	$	10.5	$	66.2
	* Not meaningful, tradenames have an indefinite life.
Schedule of indefinite-lived intangible assets	'
	Information regarding other intangible assets as of September 30, 2014 and December 31, 2013 follows:
		September 30, 2014														December 31, 2013
		Weighted Average Useful Life		Acquisition				Accumulated				Net				Acquisition		Accumulated		Net
				Costs				Amortization								Costs		Amortization
				(In millions)
	Non-contractual customer relationships	12.7 years		$	62.3			$	12.1			$	50.2			$	61.1	$	8.7	$	52.4
	Indefinite-lived tradenames	*		12.1				*				12.1				11.7		*		11.7
	Other	9.4 years		3.9				2.1				1.8				3.9		1.8		2.1
	Total			$	78.3			$	14.2			$	64.1			$	76.7	$	10.5	$	66.2
	* Not meaningful, tradenames have an indefinite life.
Information regarding amortization expense	'
	Information regarding amortization expense of other intangibles for the periods presented are as follows:
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2014				2013				2014				2013
		(In millions)
	Amortization expense	$	1			$	0.5			$	3.4			$	2.2

Accrued_Warranty_Costs_Tables

Accrued Warranty Costs (Tables)	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Changes in product warranty liability	'
	The following table presents the changes in the Company’s product warranty liability for the nine months ended September 30, 2014 and 2013:
		2014			2013
		(In millions)
	Balance at January 1,	$	5.4		$	6.9
	Claims paid	(2.0		)	(3.4		)
	Warranty expense, net	1.9			4.6
	Balance at September 30,	$	5.3		$	8.1

Financing_Arrangements_Tables

Financing Arrangements (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term debt	'
	Long-term debt consists of the following:
						Interest Rate at		Carrying Value at
		Issuance Date		Maturity Date		September 30, 2014		September 30, 2014		December 31, 2013
								(In millions)
	Senior Notes	1-Apr-11		1-Apr-21		8.125	%	$	250	$	250
	Revolving credit	—		31-Jul-19		1.69	%	110.4		111
	Term loan	—		31-Jul-19		2.25	%	16.1		18.7
	Other	Various		Various		Various		3.6		3.9
	Total debt							380.1		383.6
	Less current maturities							3.4		4.4
	Total long-term debt, net of current portion							$	376.7	$	379.2
Fair Value of Debt	'
	he following table represents fair value information of the Company's Senior Notes, classified as Level 1, at September 30, 2014 and December 31, 2013. The fair value was estimated using quoted market prices.
		30-Sep-14			31-Dec-13
		(In millions)
	Carrying amount	$	250		$	250
	Fair value	$	269.4		$	275.6

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Summary of Stock Option Activity	'
	A summary of stock option activity as of September 30, 2014 and changes during the first nine months of 2014 is presented below:
		2014
		Number of Shares		Weighted Average		Weighted		Aggregate
				Exercise Price		Average		Intrinsic
						Remaining		Value
						Contractual
						Term
		(In whole shares)						(In millions)
	Outstanding - beginning of year	146,000		$	16.71
	Granted	—		—
	Exercised	(2,500	)	14.12
	Canceled or expired	—		—
	Outstanding - end of period	143,500		$	16.76	1.8 years		$	4.5
	Options exercisable	143,500		$	16.76	1.8 years		$	4.5
Summary of Restricted Share Activity	'
	A summary of restricted share and performance share activity for the nine months ended September 30, 2014 is as follows:
		2014
		Time-Based				Performance-Based
		Number of Shares		Weighted Average		Number of Shares			Weighted Average
				Grant Date					Grant Date
				Fair Value					Fair Value
		(In whole shares)				(In whole shares)
	Outstanding - beginning of year	422,898		$	21.04	42,000			$	20.3
	Granted	130,250		57.72		—			—
	Vested	(177,135	)	21.54		(14,000	)		20.3
	Canceled or expired	(3,668	)	35.34		—			—
	Outstanding - end of period	372,345		$	33.49	28,000			$	20.3

Pension_Plans_and_Other_Postre1

Pension Plans and Other Postretirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Components of net periodic benefit cost	'
	The components of net periodic benefit (gains) costs recognized during interim periods were as follows:
		Pension Benefits												Postretirement Benefits
		Three Months Ended September 30,						Nine Months Ended September 30,						Three Months Ended September 30,				Nine Months Ended September 30,
		2014			2013			2014			2013			2014		2013		2014		2013
		(In millions)
	Service costs	$	0.6		$	0.7		$	1.7		$	2		$	—	$	—	$	—	$	—
	Interest costs	0.5			0.5			1.7			1.5			0.2		0.2		0.5		0.5
	Expected return on plan assets	(2.5		)	(2.2		)	(7.6		)	(6.6		)	—		—		—		—
	Recognized net actuarial loss	—			0.2			—			0.5			0.1		0.2		0.4		0.6
	Net periodic benefit (gains) costs	$	(1.4	)	$	(0.8	)	$	(4.2	)	$	(2.6	)	$	0.3	$	0.4	$	0.9	$	1.1

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Changes in accumulated comprehensive income (loss)	'
	The components of and changes in accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2014 and 2013 were as follows:
		Three Months Ended September 30, 2014									Nine Months Ended September 30, 2014
		Cumulative Translation Adjustment			Pension and Postretirement Benefits			Total			Cumulative Translation Adjustment			Pension and Postretirement Benefits			Total
		(In millions)
	Beginning balance	$	3.8		$	0.6		$	4.4		$	2.8		$	0.6		$	3.4
	Foreign currency translation adjustments (a)	(4.9		)	—			(4.9		)	(3.9		)	—			(3.9		)
	Recognition of actuarial loss (b)	—			0.1			0.1			—			0.1			0.1
	Tax adjustment (c)	—			—			—			—			—			—
	Change in pension and postretirement benefits, net	—			0.1			0.1			—			0.1			0.1
	Ending balance	$	(1.1	)	$	0.7		$	(0.4	)	$	(1.1	)	$	0.7		$	(0.4	)
		Three Months Ended September 30, 2013									Nine Months Ended September 30, 2013
		Cumulative Translation Adjustment			Pension and Postretirement Benefits			Total			Cumulative Translation Adjustment			Pension and Postretirement Benefits			Total
		(In millions)
	Beginning balance	$	2.5		$	(11.8	)	$	(9.3	)	$	5.4		$	(12.2	)	$	(6.8	)
	Foreign currency translation adjustments (a)	1.2			—			1.2			(1.7		)	—			(1.7		)
	Recognition of actuarial loss (b)	—			0.4			0.4			—			1.1			1.1
	Tax adjustment (c)	—			(0.1		)	(0.1		)	—			(0.4		)	(0.4		)
	Change in pension and postretirement benefits, net	—			0.3			0.3			—			0.7			0.7
	Ending balance	$	3.7		$	(11.5	)	$	(7.8	)	$	3.7		$	(11.5	)	$	(7.8	)
	(a)	No income taxes are provided on foreign currency translation adjustments as foreign earnings are considered permanently invested.
	(b)	The recognition of actuarial losses are reclassified out of accumulated other comprehensive income (loss) and included in the computation of net periodic benefit cost in selling, general and administrative expenses.
	(c)	The tax adjustments are reclassified out of accumulated other comprehensive income (loss) and included in income tax expense.

WeightedAverage_Number_of_Shar1

Weighted-Average Number of Shares Used in Computing Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Weighted Average Number of Shares Used in Computing Earnings Per Share	'
	The following table sets forth the weighted-average number of shares used in the computation of earnings per share:
		Three Months Ended September 30,		Nine Months Ended September 30,
		2014	2013	2014	2013
		(In whole shares)
	Weighted average basic shares outstanding	12,133,153	12,002,344	12,081,787	11,913,765
	Plus dilutive impact of employee stock awards	235,242	264,697	276,021	296,464
	Weighted average diluted shares outstanding	12,368,395	12,267,041	12,357,808	12,210,229

Segments_Schedule_of_Segment_I

Segments (Schedule of Segment Information) (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Net sales:	'	'	'	'	'
Net sales	$344.60	$303.50	$1,005.70	$893.80	'
Income from continuing operations before income taxes:	'	'	'	'	'
Total segment operating income	26.4	18.3	74.7	66.3	'
Litigation judgment costs	0	-5.2	0	-5.2	'
Gain on acquisition of business	0	0.6	0	0.6	'
Interest expense	-6.5	-6.5	-19.4	-19.4	'
Income from continuing operations before income taxes	19.9	12.4	55.3	47.5	'
Identifiable assets:	'	'	'	'	'
Identifiable assets	873.8	'	873.8	'	818.7
Operating Segments [Member]	'	'	'	'	'
Net sales:	'	'	'	'	'
Net sales	344.6	303.5	1,005.70	893.8	'
Income from continuing operations before income taxes:	'	'	'	'	'
Total segment operating income	34.7	29.8	96.8	88.6	'
Operating Segments [Member] | Supply Technologies [Member]	'	'	'	'	'
Net sales:	'	'	'	'	'
Net sales	143.4	115.9	420.2	349.2	'
Income from continuing operations before income taxes:	'	'	'	'	'
Total segment operating income	12.2	9.5	32.7	28	'
Identifiable assets:	'	'	'	'	'
Identifiable assets	278.8	'	278.8	'	241.7
Operating Segments [Member] | Assembly Components [Member]	'	'	'	'	'
Net sales:	'	'	'	'	'
Net sales	121.6	106.1	351.7	303.9	'
Income from continuing operations before income taxes:	'	'	'	'	'
Total segment operating income	11	7.6	31.3	25.2	'
Identifiable assets:	'	'	'	'	'
Identifiable assets	283.9	'	283.9	'	276.7
Operating Segments [Member] | Engineered Products [Member]	'	'	'	'	'
Net sales:	'	'	'	'	'
Net sales	79.6	81.5	233.8	240.7	'
Income from continuing operations before income taxes:	'	'	'	'	'
Total segment operating income	11.5	12.7	32.8	35.4	'
Identifiable assets:	'	'	'	'	'
Identifiable assets	191.2	'	191.2	'	183.1
Segment Reconciling Items [Member]	'	'	'	'	'
Income from continuing operations before income taxes:	'	'	'	'	'
Corporate costs	-8.3	-6.3	-22.1	-17.1	'
Litigation judgment costs	0	-5.2	0	-5.2	'
Interest expense	-6.5	-6.5	-19.4	-19.4	'
General corporate [Member]	'	'	'	'	'
Identifiable assets:	'	'	'	'	'
Identifiable assets	$119.90	'	$119.90	'	$117.20

Segments_Details

Segments (Details)	9 Months Ended
	Sep. 30, 2014
	Segment
Segment Reporting [Abstract]	'
Number of reportable segments	3

Acquisitions_Schedule_of_Acqui

Acquisitions (Schedule of Acquisitions) (Details) (USD $)

9 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

In Millions, unless otherwise specified

Sep. 30, 2014

Sep. 30, 2013

Oct. 10, 2014

Oct. 10, 2014

Jun. 10, 2014

Jun. 10, 2014

Jun. 10, 2014

Nov. 01, 2013

Nov. 01, 2013

Oct. 01, 2013

Oct. 01, 2013

Aug. 14, 2013

Apr. 29, 2013

Autoform Tool & Manufacturing [Member]

Autoform Tool & Manufacturing [Member]

Apollo Group Limited [Member]

Apollo Group Limited [Member]

Apollo Group Limited [Member]

QEF Global Holdings Limited [Member]

QEF Global Holdings Limited [Member]

Henry Halstead Limited [Member]

Henry Halstead Limited [Member]

Pines Technology [Member]

Bates Rubber [Member]

Assembly Components [Member]

Assembly Components [Member]

Supply Technologies [Member]

Supply Technologies [Member]

Supply Technologies [Member]

Supply Technologies [Member]

Supply Technologies [Member]

Supply Technologies [Member]

Engineered Products [Member]

Assembly Components [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase Consideration, gross

'

'

$48.90

'

'

'

'

'

'

'

'

'

'

Purchase Consideration, net of cash acquired

$5.40

$21.60

'

'

$6.50

$6.50

'

$4.10

'

$20.10

'

$0.80

$20.80

Percentage of equity acquired

'

'

'

100.00%

'

'

100.00%

'

100.00%

'

100.00%

'

'

Acquisitions_Schedule_of_Acqui1

Acquisitions (Schedule of Acquisition-Related Costs) (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Cost of sales [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Acquisition-related costs	$0.20	$0	$0.20	$0
Selling, general and administrative expenses [Member]	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'
Contingent consideration expenses	$0.20	$0	$0.90	$0

Acquisitions_Details

Acquisitions (Details) (USD $)	9 Months Ended		0 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Jun. 10, 2014	Jun. 10, 2014
			Apollo Group Limited [Member]	Apollo Group Limited [Member]
Business Acquisition [Line Items]	'	'	'	'
Contingent consideration, based on achievement of certain EBITDA targets	'	'	'	$2.40
Contingent consideration, measurement period for EBITDA targets	'	'	'2 years	'
Contingent consideration, fair value at date of acquisition	'	'	'	1.1
Purchase consideration	$5.40	$21.60	$6.50	'

Discontinued_Operations_Detail

Discontinued Operations (Details) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 03, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'	'
Proceeds from sale of non-core business unit	$8.50	'	'	'	'
Select financial information of discontinued operations:	'	'	'	'	'
Income from discontinued operations, net of taxes	'	0	3.7	0	3.2
Supply Technologies [Member] | Discontinued Operations [Member] | Non-core Business Unit [Member]	'	'	'	'	'
Select financial information of discontinued operations:	'	'	'	'	'
Net sales	'	'	1	'	5.2
Loss from discontinued operations before tax	'	'	-0.5	'	-1.3
Income tax benefit from operations	'	'	0.2	'	0.5
Net loss from discontinued operations	'	'	-0.3	'	-0.8
Gain on sale of business before tax	'	'	5.4	'	5.4
Income tax expense from gain on sale of business	'	'	-1.4	'	-1.4
Net gain on sale of business	'	'	4	'	4
Income from discontinued operations, net of taxes	'	'	$3.70	'	$3.20

Accounts_Receivable_Details

Accounts Receivable (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Receivables [Abstract]	'	'	'	'
Accounts receivable sold	$23.90	$18.60	$70.10	$54.60
Loss on sale of accounts receivable	($0.10)	($0.10)	($0.30)	($0.30)

Inventories_Components_of_Inve

Inventories (Components of Inventory) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Components of inventory	'	'
Finished goods	$138.20	$124.10
Work in process	35.3	36
Raw materials and supplies	56.8	61.3
Inventories, net	$230.30	$221.40

Goodwill_Change_in_Goodwill_De

Goodwill (Change in Goodwill) (Details) (USD $)	9 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Goodwill [Roll Forward]	'	'
Goodwill, beginning of period	$60.40	$49.70
Foreign currency translation	-0.5	0.3
Acquisitions	'	10.4
Acquisition adjustments	1.8	'
Goodwill, end of period	61.7	60.4
Supply Technologies [Member]	'	'
Goodwill [Roll Forward]	'	'
Goodwill, beginning of period	6.4	0
Foreign currency translation	-0.3	0.2
Acquisitions	'	6.2
Acquisition adjustments	1.8	'
Goodwill, end of period	7.9	6.4
Assembly Components [Member]	'	'
Goodwill [Roll Forward]	'	'
Goodwill, beginning of period	49	44.8
Foreign currency translation	0	0
Acquisitions	'	4.2
Acquisition adjustments	0	'
Goodwill, end of period	49	49
Engineered Products [Member]	'	'
Goodwill [Roll Forward]	'	'
Goodwill, beginning of period	5	4.9
Foreign currency translation	-0.2	0.1
Acquisitions	'	0
Acquisition adjustments	0	'
Goodwill, end of period	$4.80	$5

Other_Intangible_Assets_Schedu

Other Intangible Assets (Schedule of Other Intangible Assets) (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Acquired Finite And Indefinite Lived Intangible Assets [Line Items]	'	'
Acquisition Costs, Total	$78.30	$76.70
Accumulated Amortization	14.2	10.5
Net, Total	64.1	66.2
Indefinite-lived tradenames [Member]	'	'
Acquired Finite And Indefinite Lived Intangible Assets [Line Items]	'	'
Acquisition Costs, Indefinite-lived	12.1	11.7
Non-contractual customer relationships [Member]	'	'
Acquired Finite And Indefinite Lived Intangible Assets [Line Items]	'	'
Weighted Average Useful Life	'12 years 8 months 10 days	'
Acquisition Costs, Finite-lived	62.3	61.1
Accumulated Amortization	12.1	8.7
Net, Finite-lived	50.2	52.4
Other [Member]	'	'
Acquired Finite And Indefinite Lived Intangible Assets [Line Items]	'	'
Weighted Average Useful Life	'9 years 4 months 12 days	'
Acquisition Costs, Finite-lived	3.9	3.9
Accumulated Amortization	2.1	1.8
Net, Finite-lived	$1.80	$2.10

Other_Intangible_Assets_Amorti

Other Intangible Assets (Amortization Expense) (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'	'	'	'
Amortization expense	$1	$0.50	$3.40	$2.20

Accrued_Warranty_Costs_Details

Accrued Warranty Costs (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Changes in product warranty liability	'	'
Balance at beginning of period	$5.40	$6.90
Claims paid	-2	-3.4
Warranty expense, net	1.9	4.6
Balance at end of period	$5.30	$8.10

Financing_Arrangements_Schedul

Financing Arrangements (Schedule of Long-term Debt) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Debt Instrument [Line Items]	'	'
Total debt	$380.10	$383.60
Less current maturities	3.4	4.4
Total long-term debt, net of current portion	376.7	379.2
8.125% senior notes due 2021 [Member]	'	'
Debt Instrument [Line Items]	'	'
Stated interest rate	8.13%	'
Total debt	250	250
Other [Member]	'	'
Debt Instrument [Line Items]	'	'
Total debt	3.6	3.9
Revolving credit [Member]	'	'
Debt Instrument [Line Items]	'	'
Interest rate at end of period	1.69%	'
Total debt	110.4	111
Term Loan [Member]	'	'
Debt Instrument [Line Items]	'	'
Interest rate at end of period	2.25%	'
Total debt	$16.10	$18.70

Financing_Arrangements_Fair_Va

Financing Arrangements (Fair Value of Debt) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Carrying amount	$380.10	$383.60
Level 1 [Member] | Carrying amount [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Carrying amount	250	250
Level 1 [Member] | Fair value [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Fair value	$269.40	$275.60

Financing_Arrangements_Details

Financing Arrangements (Details) (USD $)

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Jul. 31, 2014

Oct. 24, 2014

Oct. 24, 2014

Oct. 24, 2014

Oct. 24, 2014

Oct. 24, 2014

Oct. 23, 2014

Oct. 24, 2014

Mar. 23, 2012

Nov. 05, 2003

Mar. 23, 2012

Mar. 23, 2012

Mar. 23, 2012

Mar. 23, 2012

Mar. 23, 2012

Mar. 23, 2012

Mar. 23, 2012

Mar. 23, 2012

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Term Loan [Member]

Term Loan [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

The Amended Credit Agreement [Member]

Amendment No. 1 to the Amended Credit Agreement [Member]

Amendment No. 1 to the Amended Credit Agreement [Member]

Amendment No. 1 to the Amended Credit Agreement [Member]

Amendment No. 1 to the Amended Credit Agreement [Member]

Amendment No. 1 to the Amended Credit Agreement [Member]

Amendment No. 1 to the Amended Credit Agreement [Member]

Amendment No. 1 to the Amended Credit Agreement [Member]

Prior Credit Agreement [Member]

Prior Credit Agreement [Member]

Prior Credit Agreement [Member]

Prior Credit Agreement [Member]

Prior Credit Agreement [Member]

Prior Credit Agreement [Member]

Prior Credit Agreement [Member]

Prior Credit Agreement [Member]

Prior Credit Agreement [Member]

Prior Credit Agreement [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility, Canadian Sub-Limit [Member]

Revolving Credit Facility, European Sub-Limit [Member]

Term Loan [Member]

LIBOR [Member]

LIBOR [Member]

LIBOR [Member]

LIBOR [Member]

Prime lending rate [Member]

Prime lending rate [Member]

Prime lending rate [Member]

Prime lending rate [Member]

Canadian deposit offered rate [Member]

Canadian deposit offered rate [Member]

Canadian prime lending rate [Member]

Canadian prime lending rate [Member]

US base rate [Member]

US base rate [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility, Canadian Sub-Limit [Member]

Revolving Credit Facility, European Sub-Limit [Member]

Term Loan [Member]

Term Loan [Member]

LIBOR [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Term Loan [Member]

Term Loan [Member]

LIBOR [Member]

LIBOR [Member]

LIBOR [Member]

Prime lending rate [Member]

Prime lending rate [Member]

Prime lending rate [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Term Loan [Member]

Term Loan [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Term Loan [Member]

Term Loan [Member]

Revolving Credit Facility, Canadian Sub-Limit [Member]

Revolving Credit Facility, Canadian Sub-Limit [Member]

Revolving Credit Facility, Canadian Sub-Limit [Member]

Revolving Credit Facility, Canadian Sub-Limit [Member]

Revolving Credit Facility, Canadian Sub-Limit [Member]

Revolving Credit Facility, Canadian Sub-Limit [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Term Loan [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Term Loan [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Subsequent Event [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Line of Credit Facility [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

'

'

'

$230,000,000

$15,000,000

$10,000,000

$16,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$250,000,000

$25,000,000

$25,000,000

$35,000,000

'

'

$220,000,000

$200,000,000

'

$25,000,000

'

'

'

'

'

'

Carrying amount

380,100,000

383,600,000

110,400,000

111,000,000

16,100,000

18,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity, potential increase

'

'

'

'

'

'

'

25,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Basis spread on variable interest rate - plus (minus)

'

'

'

'

'

'

'

'

'

'

'

1.50%

2.50%

2.00%

3.00%

-0.25%

-1.25%

-0.75%

0.25%

1.50%

2.50%

0.00%

1.00%

0.00%

1.00%

'

'

'

'

'

'

3.50%

'

'

'

'

1.75%

2.75%

2.75%

-0.25%

-1.00%

0.25%

Term of debt instrument

'

'

'

'

'

'

'7 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'7 years

'

'

'

'

'

'

'

Option to increase availability

'

'

'

'

'

'

'

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Inventory advance rate percentage

'

'

'

'

'

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

60.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Inventory advance rate percentage to be reduced to

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Term over which inventory advance rate percentage reduces

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'36 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount drawn

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$22,000,000

'

'

$25,000,000

$15,500,000

'

'

'

'

'

'

'

'

'

'

'

Term over which basis spread on variable interest rate reduces

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'36 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Income_Taxes_Details

Income Taxes (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'	'
Effective tax rate	35.40%	33.70%
Increase in unrecognized tax benefits related to prior year tax positions and accrued interest	$0.90	'

StockBased_Compensation_Summar

Stock-Based Compensation (Summary of Stock Option Activity) (Details) (USD $)	9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014
Number of Shares	'
Outstanding - beginning of year, number of shares	146,000
Granted, number of shares	0
Exercised, number of shares	-2,500
Canceled or expired, number of shares	0
Outstanding - end of year, number of shares	143,500
Options exercisable, number of shares	143,500
Weighted Average Exercise Price	'
Outstanding - beginning of year, Weighted Average Exercise Price (in dollars per share)	$16.71
Granted, Weighted Average Exercise Price (in dollars per share)	$0
Exercised, Weighted Average Exercise Price (in dollars per share)	$14.12
Canceled or Expired, Weighted Average Exercise Price (in dollars per share)	$0
Outstanding - end of year, Weighted Average Exercise Price (in dollars per share)	$16.76
Options Exercisable - end of year, Weighted Average Exercise Price (in dollars per share)	$16.76
Outstanding - end of year, weighted average remaining contractual term	'1 year 9 months 7 days
Options Exercisable, Weighted Average remaining contractual term	'1 year 9 months 7 days
Outstanding - end of year, Aggregate intrinsic value	$4.50
Options Exercisable, Aggregate intrinsic value	$4.50

StockBased_Compensation_Summar1

Stock-Based Compensation (Summary of Restricted Share Activity) (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Time-Based [Member]	'
Number of Shares	'
Outstanding - beginning of year, number of shares	422,898
Granted, number of shares	130,250
Vested, number of shares	-177,135
Canceled or expired, number of shares	-3,668
Outstanding - end of year, number of shares	372,345
Weighted Average Grant Date Fair Value	'
Outstanding - beginning of year, weighted average grant date fair value (in dollars per share)	$21.04
Granted, weighted average grant date fair value (in dollars per share)	$57.72
Vested, weighted average grant date fair value (in dollars per share)	$21.54
Canceled or expired, weighted average grant date fair value (in dollars per share)	$35.34
Outstanding - end of year, weighted average grant date fair value (in dollars per share)	$33.49
Performance-Based [Member]	'
Number of Shares	'
Outstanding - beginning of year, number of shares	42,000
Granted, number of shares	0
Vested, number of shares	-14,000
Canceled or expired, number of shares	0
Outstanding - end of year, number of shares	28,000
Weighted Average Grant Date Fair Value	'
Outstanding - beginning of year, weighted average grant date fair value (in dollars per share)	$20.30
Granted, weighted average grant date fair value (in dollars per share)	$0
Vested, weighted average grant date fair value (in dollars per share)	$20.30
Canceled or expired, weighted average grant date fair value (in dollars per share)	$0
Outstanding - end of year, weighted average grant date fair value (in dollars per share)	$20.30

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'	'
Stock-based compensation expense	$4.20	$3.60
Unrecognized compensation cost related to non-vested stock-based compensation	$11.10	'
Weighted average period	'2 years 2 months 5 days	'

Commitments_Contingencies_and_1

Commitments, Contingencies and Litigation Judgment (Details) (TMK IPSCO [Member], USD $)	1 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	31-May-13
TMK IPSCO [Member]	'	'
Loss Contingencies [Line Items]	'	'
Direct damages sought	'	$6
Consequential damages sought	'	4
Damages awarded	5.2	'
Additional damages sought	$3.80	'

Pension_Plans_and_Other_Postre2

Pension Plans and Other Postretirement Benefits (Components of net periodic benefit) (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Pension Benefits [Member]	'	'	'	'
Components of net periodic benefit cost	'	'	'	'
Service costs	$0.60	$0.70	$1.70	$2
Interest costs	0.5	0.5	1.7	1.5
Expected return on plan assets	-2.5	-2.2	-7.6	-6.6
Recognized net actuarial loss	0	0.2	0	0.5
Net periodic benefit (gains) costs	-1.4	-0.8	-4.2	-2.6
Postretirement Benefits [Member]	'	'	'	'
Components of net periodic benefit cost	'	'	'	'
Service costs	0	0	0	0
Interest costs	0.2	0.2	0.5	0.5
Expected return on plan assets	0	0	0	0
Recognized net actuarial loss	0.1	0.2	0.4	0.6
Net periodic benefit (gains) costs	$0.30	$0.40	$0.90	$1.10

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Loss) (Components of accumulated comprehensive loss) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
In Millions, unless otherwise specified			Cumulative Translation Adjustment [Member]		Cumulative Translation Adjustment [Member]		Cumulative Translation Adjustment [Member]		Cumulative Translation Adjustment [Member]		Pension and Postretirement Benefits [Member]		Pension and Postretirement Benefits [Member]		Pension and Postretirement Benefits [Member]		Pension and Postretirement Benefits [Member]		Accumulated Other Comprehensive Income [Member]		Accumulated Other Comprehensive Income [Member]		Accumulated Other Comprehensive Income [Member]		Accumulated Other Comprehensive Income [Member]
Increase (Decrease) in Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'	'	'		'		'		'		'		'		'		'		'		'		'		'
Beginning balance	($0.40)	$3.40	$3.80		$2.50		$2.80		$5.40		$0.60		($11.80)		$0.60		($12.20)		$4.40		($9.30)		$3.40		($6.80)
Foreign currency translation adjustments	'	'	-4.9	[1]	1.2	[1]	-3.9	[1]	-1.7	[1]	0	[1]	0	[1]	0	[1]	0	[1]	-4.9	[1]	1.2	[1]	-3.9	[1]	-1.7	[1]
Recognition of actuarial loss	'	'	0	[2]	0	[2]	0	[2]	0	[2]	0.1	[2]	0.4	[2]	0.1	[2]	1.1	[2]	0.1	[2]	0.4	[2]	0.1	[2]	1.1	[2]
Tax adjustment	'	'	0	[3]	0	[3]	0	[3]	0	[3]	0	[3]	-0.1	[3]	0	[3]	-0.4	[3]	0	[3]	-0.1	[3]	0	[3]	-0.4	[3]
Change in pension and postretirement benefits, net	'	'	0		0		0		0		0.1		0.3		0.1		0.7		0.1		0.3		0.1		0.7
Ending balance	($0.40)	$3.40	($1.10)		$3.70		($1.10)		$3.70		$0.70		($11.50)		$0.70		($11.50)		($0.40)		($7.80)		($0.40)		($7.80)
[1]	No income taxes are provided on foreign currency translation adjustments as foreign earnings are considered permanently invested.
[2]	The recognition of actuarial losses are reclassified out of accumulated other comprehensive income (loss) and included in the computation of net periodic benefit cost in selling, general and administrative expenses.
[3]	The tax adjustments are reclassified out of accumulated other comprehensive income (loss) and included in income tax expense.

WeightedAverage_Number_of_Shar2

Weighted-Average Number of Shares Used in Computing Earnings Per Share (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Weighted average basic shares outstanding	12,133,153	12,002,344	12,081,787	11,913,765
Plus dilutive impact of employee stock awards	235,242	264,697	276,021	296,464
Weighted average diluted shares outstanding	12,368,395	12,267,041	12,357,808	12,210,229

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	3 Months Ended		9 Months Ended		0 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Oct. 30, 2014
					Subsequent Event [Member]
Subsequent Event [Line Items]	'	'	'	'	'
Quarterly dividend declared, per common share (in dollars per share)	$0.13	$0	$0.25	$0	$0.13
Dividends declared	'	'	'	'	$1.60