TriMas (TRS) 10-Q 28 Apr 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Mar. 31, 2016	Apr. 22, 2016
Entity Information [Line Items]
Entity Registrant Name	TRIMAS CORP
Entity Central Index Key	842,633
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		45,464,271

Consolidated Balance Sheet Stat

Consolidated Balance Sheet Statement - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 25,420	$ 19,450
Receivables, net of reserves	131,630	121,990
Inventories	167,320	167,370
Prepaid expenses and other current assets	10,070	17,810
Total current assets	334,440	326,620
Property and equipment, net	179,670	181,130
Goodwill	379,250	378,920
Other intangibles, net	268,720	273,870
Other assets	9,500	9,760
Total assets	1,171,580	1,170,300
Current liabilities:
Current maturities, long-term debt	13,840	13,850
Accounts payable	75,050	88,420
Accrued liabilities	41,940	50,480
Total current liabilities	130,830	152,750
Long-term debt, net	424,010	405,780
Deferred income taxes	9,100	11,260
Other long-term liabilities	56,920	53,320
Total liabilities	620,860	623,110
Preferred stock $0.01 par: Authorized 100,000,000 shares; Issued and outstanding: None	0	0
Common stock, $0.01 par: Authorized 400,000,000 shares; Issued and outstanding: 45,452,998 shares at March 31, 2016 and 45,322,527 shares at December 31, 2015	450	450
Paid-in capital	812,860	812,160
Accumulated deficit	(245,820)	(254,120)
Accumulated other comprehensive income	(16,770)	(11,300)
Total shareholders' equity	550,720	547,190
Total liabilities and shareholders' equity	$ 1,171,580	$ 1,170,300

Consolidated Balance Sheet Pare

Consolidated Balance Sheet Parentheticals - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Receivables, reserves (in dollars)	$ 4.5	$ 3.7
Stockholders' Equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, Authorized shares	100,000,000	100,000,000
Preferred stock, Issued Shares	0	0
Preferred stock, outstanding Shares	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Authorized shares	400,000,000	400,000,000
Common Stock, Issued Shares	45,452,998	45,322,527
Common Stock, outstanding Shares	45,452,998	45,322,527

Consolidated Statement of Incom

Consolidated Statement of Income Statement - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net sales	$ 202,880	$ 224,130
Cost of sales	(146,960)	(161,210)
Gross profit	55,920	62,920
Selling, general and administrative expenses	(39,470)	(39,900)
Operating profit	16,450	23,020
Other expense, net:
Interest expense	(3,440)	(3,450)
Other expense, net	(60)	(1,320)
Other expense, net	(3,500)	(4,770)
Income from continuing operations before income tax expense	12,950	18,250
Income tax expense	(4,650)	(6,310)
Income from continuing operations	8,300	11,940
Income from discontinued operations, net of tax	0	2,040
Net income	$ 8,300	$ 13,980
Basic earnings per share
Continuing operations	$ 0.18	$ 0.26
Discontinued operations	0	0.05
Net income per share	$ 0.18	$ 0.31
Weighted average common shares—basic	45,278,990	44,997,961
Diluted earnings per share
Continuing operations	$ 0.18	$ 0.26
Discontinued operations	0	0.05
Net income per share	$ 0.18	$ 0.31
Weighted average common shares—diluted	45,654,816	45,400,843

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net Income	$ 8,300	$ 13,980
Other comprehensive income
Defined benefit pension and postretirement plans, net of tax	150	250
Foreign currency translation	(2,660)	(6,540)
Derivative instruments, net of tax	(2,960)	(390)
Total other comprehensive income (loss)	(5,470)	(6,680)
Total comprehensive income	$ 2,830	$ 7,300

Consolidated Statement of Cash

Consolidated Statement of Cash Flows Statement - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities:
Net Income	$ 8,300	$ 13,980
Income from discontinued operations	0	2,040
Income from continuing operations	8,300	11,940
Adjustments to reconcile net income to net cash used for operating activities:
Loss on dispositions of property and equipment	(590)	(100)
Depreciation	5,940	5,080
Amortization of intangible assets	5,100	5,360
Amortization of debt issue costs	340	510
Deferred income taxes	(20)	280
Non-cash compensation expense	1,970	1,980
Tax effect from stock based compensation	620	(200)
Increase in receivables	(11,210)	(7,310)
(Increase) decrease in inventories	330	(1,930)
(Increase) decrease in prepaid expenses and other assets	7,700	(2,280)
Decrease in accounts payable and accrued liabilities	(23,660)	(7,980)
Other, net	660	(1,690)
Net cash provided by (used for) operating activities of continuing operations, net of acquisition impact	(3,340)	3,860
Net cash used for operating activities of discontinued operations	0	(27,130)
Net cash used for operating activities, net of acquisition impact	(3,340)	(23,270)
Cash Flows from Investing Activities:
Capital expenditures	(5,980)	(5,690)
Net proceeds from disposition of property and equipment	120	520
Net cash used for investing activities of continuing operations	(5,860)	(5,170)
Net cash used for investing activities of discontinued operations	0	(2,200)
Net cash used for investing activities	(5,860)	(7,370)
Cash Flows from Financing Activities:
Repayments of borrowings on term loan facilities	(3,470)	(5,860)
Proceeds from borrowings on revolving credit and accounts receivable facilities	117,130	289,440
Repayments of borrowings on revolving credit and accounts receivable facilities	(97,220)	(245,880)
Payments for deferred purchase price	0	5,400
Shares surrendered upon vesting of options and restricted stock awards to cover tax obligations	(650)	(2,560)
Proceeds from exercise of stock options	0	430
Tax effect from stock based compensation	(620)	200
Net cash provided by financing activities of continuing operations	15,170	30,370
Net cash used for financing activities of discontinued operations	0	(420)
Net cash provided by financing activities	15,170	29,950
Net increase (decrease) for the period	5,970	(690)
At beginning of period	19,450	24,420
At end of period	25,420	23,730
Supplemental disclosure of cash flow information:
Cash paid for interest	2,980	4,710
Cash paid for taxes	$ 1,780	$ 8,340

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity Statement - 3 months ended Mar. 31, 2016 - USD ($) $ in Thousands	Total	Common Stock [Member]	Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income [Member]
Balances at Dec. 31, 2015	$ 547,190	$ 450	$ 812,160	$ (254,120)	$ (11,300)
Net income attributable to TriMas Corporation	8,300			8,300
Other comprehensive income (loss)	(5,470)				(5,470)
Shares surrendered upon vesting of options and restricted stock awards to cover tax obligations	(650)		(650)
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net	(620)		(620)
Non-cash compensation expense	1,970		1,970
Balances at Mar. 31, 2016	$ 550,720	$ 450	$ 812,860	$ (245,820)	$ (16,770)

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation TriMas Corporation ("TriMas" or the "Company"), and its consolidated subsidiaries, is a global manufacturer and distributor of products for commercial, industrial and consumer markets. The Company is principally engaged in the following reportable segments with diverse products and market channels: Packaging, Aerospace, Energy and Engineered Components. See Note 10 , " Segment Information ," for further information on each of the Company's reportable segments. On June 30, 2015, the Company completed the spin-off of its Cequent businesses, creating a new independent publicly traded company, Horizon Global Corporation ("Horizon"). The Company incurred approximately $30 million of one-time, pre-tax costs associated with the spin-off, of which approximately $4 million was incurred during the three months ended March 31, 2015 and was included in income from discontinued operations. These costs primarily related to financing, legal, tax and accounting services rendered by third parties. The results of operations and cash flows of the Cequent businesses are reflected as discontinued operations for all periods presented through the date of the spin-off. See Note 3 , " Discontinued Operations ," for further details regarding the spin-off. The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries and, in the opinion of management, contain all adjustments, including adjustments of a normal and recurring nature, necessary for a fair presentation of financial position and results of operations. Results of operations for interim periods are not necessarily indicative of results for the full year. The accompanying consolidated financial statements and notes thereto should be read in conjunction with the Company's 2015 Annual Report on Form 10-K.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-09, "Compensation - Stock Compensation (Topic 718)" ("ASU 2016-09"). ASU 2016-09 simplifies several aspects of accounting for share-based payment award transactions, including income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. ASU 2016-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, with early adoption permitted. The Company is in the process of assessing the impact of adoption of ASU 2016-09 on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)" ("ASU 2016-02"). ASU 2016-02 requires that lessees, at the lease commencement date, recognize a lease liability representing the lessee's obligation to make lease payments arising from a lease as well as a right-of-use asset, which represents the lessee's right to use, or control the use of a specified asset, for the lease term. The new guidance also aligns lessor accounting to the lessee accounting model and to Topic 606, "Revenue from Contracts with Customers." ASU 2016-02 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018 and is to be applied using a modified retrospective approach with early adoption permitted. The Company is in the process of assessing the impact of the adoption of ASU 2016-02 on its consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory" ("ASU 2015-11"). ASU 2015-11 requires an entity to measure inventory at the lower of cost and net realizable value, thereby simplifying the current guidance under which an entity must measure inventory at the lower of cost or market. The ASU defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. ASU 2015-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016 and is to be applied prospectively with early adoption permitted. The Company is in the process of assessing the impact of adoption of ASU 2015-11 on its consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)" ("ASU 2014-09"). ASU 2014-09 requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU 2014-09 was originally effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2016. In August 2015, the FASB issued ASU 2015-14, "Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date" ("ASU 2015-14"), which defers ASU 2014-09 by one year, making it effective for annual reporting periods beginning on or after December 15, 2017 while also providing for early adoption, but not before the original effective date. Additionally, in March 2016, the FASB issued ASU 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)," which clarifies the implementation guidance on principal versus agent considerations in ASU 2014-09. The Company is in the process of assessing the impact of the adoption of these ASUs on its consolidated financial statements.

Discontinued Operations Discont

Discontinued Operations Discontinued Operations (Notes)	3 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Discontinued Operations On June 30, 2015, the Company completed the spin-off of its Cequent businesses (comprised of the former Cequent Americas and Cequent Asia Pacific Europe Africa ("Cequent APEA") reportable segments), creating a new independent publicly traded company, Horizon, through the distribution of 100% of the Company's interest in Horizon to holders of the Company's common stock. On June 30, 2015, each of the Company's shareholders of record as of the close of business on the record date of June 25, 2015 received two shares of Horizon common stock for every five shares of TriMas common stock held. In addition, on June 30, 2015, immediately prior to the effective time of the spin-off, Horizon entered into a new debt financing arrangement and used the proceeds to make a cash distribution of approximately $214.5 million to the Company. Following the spin-off, there were no assets or liabilities remaining from the Cequent operations. The Cequent businesses are presented as discontinued operations in the Company's consolidated statement of income and cash flows for all periods presented. Results of discontinued operations are summarized as follows: Three months ended March 31, 2015 (dollars in thousands) Net sales $ 142,360 Cost of sales (107,060 ) Gross profit 35,300 Selling, general and administrative expenses (30,820 ) Operating profit 4,480 Interest expense (1,220 ) Other expense, net (1,250 ) Other expense, net (2,470 ) Income from discontinued operations, before income taxes 2,010 Income tax benefit 30 Income from discontinued operations, net of tax $ 2,040

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill for the three months ended March 31, 2016 are summarized as follows: Packaging Aerospace Energy Engineered Components Total (dollars in thousands) Balance, December 31, 2015 $ 165,730 $ 206,630 $ — $ 6,560 $ 378,920 Foreign currency translation and other 330 — — — 330 Balance, March 31, 2016 $ 166,060 $ 206,630 $ — $ 6,560 $ 379,250 The gross carrying amounts and accumulated amortization of the Company's other intangibles as of March 31, 2016 and December 31, 2015 are summarized below. The Company amortizes these assets over periods ranging from one to 30 years. As of March 31, 2016 As of December 31, 2015 Intangible Category by Useful Life Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization (dollars in thousands) Finite-lived intangible assets: Customer relationships, 5 – 12 years $ 74,850 $ (27,910 ) $ 74,890 $ (25,960 ) Customer relationships, 15 – 25 years 132,230 (39,780 ) 132,230 (38,060 ) Total customer relationships 207,080 (67,690 ) 207,120 (64,020 ) Technology and other, 1 – 15 years 57,850 (23,670 ) 57,860 (22,770 ) Technology and other, 17 – 30 years 43,300 (29,780 ) 43,300 (29,250 ) Total technology and other 101,150 (53,450 ) 101,160 (52,020 ) Indefinite-lived intangible assets: Trademark/Trade names 81,630 — 81,630 — Total other intangible assets $ 389,860 $ (121,140 ) $ 389,910 $ (116,040 ) Amortization expense related to intangible assets as included in the accompanying consolidated statement of income is summarized as follows: Three months ended March 31, 2016 2015 (dollars in thousands) Technology and other, included in cost of sales $ 1,380 $ 1,610 Customer relationships, included in selling, general and administrative expenses 3,720 3,750 Total amortization expense $ 5,100 $ 5,360

Inventories

Inventories	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following components: March 31, December 31, (dollars in thousands) Finished goods $ 101,920 $ 101,480 Work in process 25,340 23,620 Raw materials 40,060 42,270 Total inventories $ 167,320 $ 167,370

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment consists of the following components: March 31, December 31, (dollars in thousands) Land and land improvements $ 14,840 $ 14,820 Buildings 68,970 67,790 Machinery and equipment 277,620 274,650 361,430 357,260 Less: Accumulated depreciation 181,760 176,130 Property and equipment, net $ 179,670 $ 181,130 Depreciation expense as included in the accompanying consolidated statement of income is as follows: Three months ended March 31, 2016 2015 (dollars in thousands) Depreciation expense, included in cost of sales $ 5,230 $ 4,360 Depreciation expense, included in selling, general and administrative expenses 710 720 Total depreciation expense $ 5,940 $ 5,080

Long-term Debt

Long-term Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Long-term debt	Long-term Debt The Company's long-term debt consists of the following: March 31, December 31, (dollars in thousands) Credit Agreement $ 389,330 $ 371,820 Receivables facility and other 54,230 53,860 Debt issuance costs (5,710 ) (6,050 ) 437,850 419,630 Less: Current maturities, long-term debt 13,840 13,850 Long-term debt, net $ 424,010 $ 405,780 Credit Agreement The Company is party to a credit agreement (the "Credit Agreement"), consisting of a $500.0 million senior secured revolving credit facility, which permits borrowings denominated in specific foreign currencies ("Foreign Currency Loans"), subject to a $75.0 million sub limit, which matures on June 30, 2020 and is subject to interest at London Interbank Offered Rates ("LIBOR") plus 1.75%, and a $275.0 million senior secured term loan A facility ("Term Loan A Facility"), which matures on June 30, 2020 and is subject to interest at LIBOR plus 1.75%. The interest rate spread is based upon the leverage ratio, as defined, as of the most recent determination date. The Credit Agreement also provides incremental term loan and/or revolving credit facility commitments in an amount not to exceed the greater of $300.0 million and an amount such that, after giving effect to such incremental commitments and the incurrence of any other indebtedness substantially simultaneously with the making of such commitments, the senior secured net leverage ratio, as defined, is no greater than 2.50 to 1.00. The terms and conditions of any incremental term loan and/or revolving credit facility commitments must be no more favorable than the existing credit facility. The Company may be required to prepay a portion of its Term Loan A Facility in an amount equal to a percentage of the Company's excess cash flow, as defined, with such percentage based on the Company's leverage ratio, as defined. As of March 31, 2016 , no amounts are due under this provision. The Company is also able to issue letters of credit, not to exceed $40.0 million in aggregate, against its revolving credit facility commitments. At March 31, 2016 and December 31, 2015 , the Company had letters of credit of approximately $18.1 million and $21.6 million , respectively, issued and outstanding. At March 31, 2016 , the Company had approximately $121.2 million outstanding under its revolving credit facility and had approximately $360.7 million potentially available after giving effect to approximately $18.1 million of letters of credit issued and outstanding. At December 31, 2015 , the Company had approximately $100.3 million outstanding under its revolving credit facility and had approximately $378.1 million potentially available after giving effect to approximately $21.6 million of letters of credit issued and outstanding. However, including availability under its accounts receivable facility and after consideration of leverage restrictions contained in the Credit Agreement, the Company had approximately $66.8 million and $107.4 million at March 31, 2016 and December 31, 2015 , respectively, of borrowing capacity available for general corporate purposes. Principal payments required under the Credit Agreement for the Term Loan A Facility are approximately $3.4 million due each fiscal quarter from December 2015 through September 2018 and approximately $5.2 million due each fiscal quarter from December 2018 through March 2020, with final payment of approximately $202.8 million due on June 30, 2020. The debt under the Credit Agreement is an obligation of the Company and certain of its domestic subsidiaries and is secured by substantially all of the assets of such parties. Borrowings under the $75.0 million foreign currency sub limit of the $500.0 million senior secured revolving credit facility are secured by a pledge of the assets of the foreign subsidiary borrowers that are a party to the agreement. The Credit Agreement also contains various negative and affirmative covenants and other requirements affecting the Company and its subsidiaries, including restrictions on the incurrence of debt, liens, mergers, investments, loans, advances, guarantee obligations, acquisitions, assets dispositions, sale-leaseback transactions, hedging agreements, dividends and other restricted payments, transactions with affiliates, restrictive agreements and amendments to charters, bylaws, and other material documents. The terms of the Credit Agreement also require the Company and its subsidiaries to meet certain restrictive financial covenants and ratios computed quarterly, including a maximum leverage ratio (total consolidated indebtedness plus outstanding amounts under the accounts receivable securitization facility over consolidated EBITDA, as defined) and a minimum interest expense coverage ratio (consolidated EBITDA, as defined, over cash interest expense, as defined). At March 31, 2016 , the Company was in compliance with its financial covenants contained in the Credit Agreement. As of March 31, 2016 and December 31, 2015 , the Company's Term Loan A Facility traded at approximately 99.6% of par value and the Company's revolving credit facility traded at approximately 99.3% of par value. The valuations of the Credit Agreement were determined based on Level 2 inputs under the fair value hierarchy, as defined. Receivables Facility The Company is party to an accounts receivable facility through TSPC, Inc. ("TSPC"), a wholly-owned subsidiary, to sell trade accounts receivable of substantially all of the Company's domestic business operations. Under this facility, TSPC, from time to time, may sell an undivided fractional ownership interest in the pool of receivables up to $75.0 million to a third party multi-seller receivables funding company. The net amount financed under the facility is less than the face amount of accounts receivable by an amount that approximates the purchaser's financing costs. The cost of funds under this facility consisted of a 1-month LIBOR-based rate plus a usage fee of 1.00% and a fee on the unused portion of the facility of 0.35% as of March 31, 2016 and 2015 . The Company had approximately $54.0 million and $53.6 million outstanding under the facility as of March 31, 2016 and December 31, 2015 , respectively. No amounts were available but not utilized as of March 31, 2016 . As of December 31, 2015 , approximately $7.1 million was available but not utilized. Aggregate costs incurred under the facility were approximately $0.2 million for both the three months ended March 31, 2016 and 2015 , and are included in interest expense in the accompanying consolidated statement of income. The facility expires on June 30, 2020 . The cost of funds fees incurred are determined by calculating the estimated present value of the receivables sold compared to their carrying amount. The estimated present value factor is based on historical collection experience and a discount rate based on a 1-month LIBOR-based rate plus the usage fee discussed above and is computed in accordance with the terms of the agreement. As of March 31, 2016 , the cost of funds under the facility was based on an average liquidation period of the portfolio of approximately 1.8 months and an average discount rate of 1.9% .

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company utilizes interest rate swap agreements to fix the LIBOR-based variable portion of the interest rate on its long term debt. Terms of the interest rate swap agreements require the Company to receive a variable interest rate and pay a fixed interest rate. As of March 31, 2016 , the Company had interest rate swap agreements in place that hedge a notional value of debt ranging from approximately $251.5 million to approximately $192.7 million and amortize consistent with future debt principal payments. The interest rate swap agreements establish fixed interest rates in a range of 0.74% to 2.68% with various expiration terms extending to June 30, 2020. At inception, the interest rate swaps were and continue to be designated as cash flow hedges. As of March 31, 2016 and December 31, 2015 , the fair value carrying amount of the Company's derivative instruments are recorded as follows: Asset / (Liability) Derivatives Balance Sheet Caption March 31, December 31, (dollars in thousands) Derivatives designated as hedging instruments Interest rate swaps Other assets $ 50 $ 430 Interest rate swaps Accrued liabilities (800 ) (150 ) Interest rate swaps Other long-term liabilities (6,930 ) (3,180 ) Total derivatives designated as hedging instruments $ (7,680 ) $ (2,900 ) The following table summarizes the loss recognized in accumulated other comprehensive income or loss ("AOCI") and the amounts reclassified from AOCI into earnings as of March 31, 2016 and December 31, 2015 , and for the three months ended March 31, 2016 and 2015 : Amount of Loss Recognized Amount of Loss Reclassified Three months ended As of March 31, 2016 As of December 31, 2015 Location of Loss Reclassified from AOCI into Earnings (Effective Portion) 2016 2015 (dollars in thousands) (dollars in thousands) Derivatives designated as hedging instruments Interest rate swaps $ (4,750 ) $ (1,790 ) Interest expense $ (110 ) $ — Income from discontinued operations $ — $ (220 ) Over the next 12 months , the Company expects to reclassify approximately $0.8 million of pre-tax deferred losses from AOCI to interest expense as the related interest payments for the designated interest rate swaps are funded. The fair value of the Company's derivatives are estimated using an income approach based on valuation techniques to convert future amounts to a single, discounted amount. Estimates of the fair value of the Company's interest rate swaps use observable inputs such as interest rate yield curves. Fair value measurements and the fair value hierarchy level for the Company's assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 are shown below. Description Frequency Asset / (Liability) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (dollars in thousands) March 31, 2016 Interest rate swaps Recurring $ (7,680 ) $ — $ (7,680 ) $ — December 31, 2015 Interest rate swaps Recurring $ (2,900 ) $ — $ (2,900 ) $ —

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Asbestos As of March 31, 2016 , the Company was a party to 1,009 pending cases involving an aggregate of 6,184 claimants alleging personal injury from exposure to asbestos containing materials formerly used in gaskets (both encapsulated and otherwise) manufactured or distributed by certain of the Company's subsidiaries for use primarily in the petrochemical refining and exploration industries. The following chart summarizes the number of claimants, number of claims filed, number of claims dismissed, number of claims settled, the average settlement amount per claim and the total defense costs, exclusive of amounts reimbursed under the Company's primary insurance, at the applicable date and for the applicable periods: Claims pending at beginning of period Claims filed during period Claims dismissed during period Claims settled during period Average settlement amount per claim during period Total defense costs during period Fiscal Year Ended December 31, 2015 7,992 266 1,990 26 $ 16,963 $ 3,160,000 Three Months Ended March 31, 2016 6,242 38 90 6 $ 3,333 $ 670,000 In addition, the Company acquired various companies to distribute its products that had distributed gaskets of other manufacturers prior to acquisition. The Company believes that many of its pending cases relate to locations at which none of its gaskets were distributed or used. The Company may be subjected to significant additional asbestos-related claims in the future, the cost of settling cases in which product identification can be made may increase, and the Company may be subjected to further claims in respect of the former activities of its acquired gasket distributors. The Company is unable to make a meaningful statement concerning the monetary claims made in the asbestos cases given that, among other things, claims may be initially made in some jurisdictions without specifying the amount sought or by simply stating the requisite or maximum permissible monetary relief, and may be amended to alter the amount sought. The large majority of claims do not specify the amount sought. Of the 6,184 claims pending at March 31, 2016 , 122 set forth specific amounts of damages (other than those stating the statutory minimum or maximum). Below is a breakdown of the amount sought for those claims seeking specific amounts: Compensatory & Punitive Compensatory Only Punitive Only Range of damages sought (in millions) $0.0 to $5.0 $5.0 to $10.0 $10.0+ $0.0 to $0.6 $0.6 to $5.0 $5.0+ $0.0 to $2.5 Number of claims 51 44 27 8 43 71 122 In addition, relatively few of the claims have reached the discovery stage and even fewer claims have gone past the discovery stage. Total settlement costs (exclusive of defense costs) for all asbestos-related cases, some of which were filed over 20 years ago, have been approximately $7.8 million . All relief sought in the asbestos cases is monetary in nature. To date, approximately 40% of the Company's costs related to settlement and defense of asbestos litigation have been covered by its primary insurance. Effective February 14, 2006, the Company entered into a coverage-in-place agreement with its first level excess carriers regarding the coverage to be provided to the Company for asbestos-related claims when the primary insurance is exhausted. The coverage-in-place agreement makes asbestos defense costs and indemnity coverage available to the Company that might otherwise be disputed by the carriers and provides a methodology for the administration of such expenses. Nonetheless, the Company believes it is likely there will be a period within the next 12 to 18 months, prior to the commencement of coverage under this agreement and following exhaustion of the Company's primary insurance coverage, during which the Company will be solely responsible for defense costs and indemnity payments, the duration of which would be subject to the scope of damage awards and settlements paid. Based on the settlements made to date and the number of claims dismissed or withdrawn for lack of product identification, the Company believes that the relief sought (when specified) does not bear a reasonable relationship to its potential liability. Based upon the Company's experience to date, including the trend in annual defense and settlement costs incurred to date, and other available information (including the availability of excess insurance), the Company does not believe these cases will have a material adverse effect on its financial position and results of operations or cash flows. Claims and Litigation The Company is subject to other claims and litigation in the ordinary course of business, but does not believe that any such claim or litigation will have a material adverse effect on its financial position and results of operations or cash flows.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information TriMas groups its operating segments into reportable segments that provide similar products and services. Each operating segment has discrete financial information evaluated regularly by the Company's chief operating decision maker in determining resource allocation and assessing performance. Within these reportable segments, there are no individual products or product families for which reported net sales accounted for more than 10% of the Company's consolidated net sales. See below for more information regarding the types of products and services provided within each reportable segment: Packaging – Highly engineered closure and dispensing systems for a range of end markets, using steel and plastic industrial and consumer packaging applications. Aerospace – Permanent blind bolts, temporary fasteners, highly engineered specialty fasteners and other precision machined parts used in the commercial, business and military aerospace industries. Energy – Metallic and non-metallic industrial sealant products and fasteners for the petroleum refining, petrochemical and other industrial markets. Engineered Components – High-pressure and low-pressure cylinders for the transportation, storage and dispensing of compressed gases, and natural gas engines, compressors, gas production equipment and chemical pumps engineered for use at well sites for the oil and gas industry. Segment activity is as follows: Three months ended 2016 2015 (dollars in thousands) Net Sales Packaging $ 80,110 $ 78,960 Aerospace 40,500 45,740 Energy 44,750 51,160 Engineered Components 37,520 48,270 Total $ 202,880 $ 224,130 Operating Profit (Loss) Packaging $ 17,840 $ 17,510 Aerospace 3,460 8,080 Energy (3,610 ) 340 Engineered Components 5,580 5,970 Corporate expenses (6,820 ) (8,880 ) Total $ 16,450 $ 23,020

Equity Awards

Equity Awards	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Awards	Equity Awards The Company maintains the following long-term equity incentive plans: the TriMas Corporation Director Retainer Share Election Program, the 2011 TriMas Corporation Omnibus Incentive Compensation Plan, the TriMas Corporation 2006 Long Term Equity Incentive Plan and the TriMas Corporation 2002 Long Term Equity Incentive Plan (collectively, the "Plans"). The 2002 Long Term Equity Incentive Plan expired in 2012, such that, while existing grants will remain outstanding until exercised, vested or cancelled, no new shares may be issued under the plan. See below for details of awards under the Plans by type. Stock Options The Company did not grant any stock option awards during the three months ended March 31, 2016 . Information related to stock options at March 31, 2016 is as follows: Number of Weighted Average Option Price Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at January 1, 2016 206,123 $ 4.84 Exercised (15,800 ) 0.86 Cancelled — — Expired — — Outstanding at March 31, 2016 190,323 $ 5.17 2.3 $ 2,432,388 As of March 31, 2016 , 190,323 stock options were exercisable under the Plans. The Company did not incur any stock-based compensation expense related to stock options during the three months ended March 31, 2016 and 2015 . Restricted Shares The Company awarded the following restricted shares during the first quarter of 2016 : • granted 600 restricted shares of common stock to certain employees that are subject only to a service condition and vest on the first anniversary date of the award so long as the employee remains with the Company; • granted 217,818 restricted shares of common stock to certain employees which are subject only to a service condition and vest ratably over three years so long as the employee remains with the Company; • granted 42,740 restr icted shares of co mmon stock to certain employees which are subject only to a service condition and vest on the first anniversary date of the award. The awards were made to participants in the Company's short-term incentive compensation plan ("STI"), where all STI participants whose target annual award exceeds $20 thousand receive 80% of the value in earned cash and 20% in the form of a restricted stock award upon finalization of the award amount in the first quarter e ach year following the previous plan year; and • granted 41,174 restricted shares of common stock to its non-employee independent directors, which vest one year from date of grant so long as the director and/or Company does not terminate their service prior to the vesting date. In addition, during the three months ended March 31, 2016 , the Company issued 4,368 shares related to director fee deferrals. The Company allows for its non-employee independent directors to make an annual election to defer all or a portion of their directors fees and to receive the deferred amount in cash or equity. Certain of the Company's directors have elected to defer all or a portion of their directors fees and to receive the amount in Company common stock at a future date. During the first quarter of 2016, the Company awarded 193,975 performance-based shares of common stock to certain Company key employees which vest on March 1, 2019, so long as the employee remains with the Company. The performance criteria for these awards is based on the Company's total shareholder return ("TSR") relative to the TSR of the common stock of a pre-defined industry peer-group, measured over a period beginning January 1, 2016 and ending December 31, 2018. TSR is calculated as the Company's average closing stock price for the 20-trading days at the end of the performance period plus Company dividends, divided by the Company's average closing stock price for the 20-trading days prior to the start of the performance period. Depending on the performance achieved, the amount of shares earned can vary from 0% of the target award to a maximum of 200% of the target award. The Company estimated the grant-date fair value and term of the awards subject to a market condition using a Monte Carlo simulation model, using the following weighted-average assumptions: risk-free interest rate of 0.96% and annualized volatility of 35.8% . During 2013, the Company awarded performance-based shares of common stock to certain Company key employees which were earned based upon the achievement of EPS CAGR and cash generation performance metrics over a period of three calendar years, beginning January 1, 2013 and ending on December 31, 2015. The Company attained 50% of the target on a weighted average basis, resulting in a reduction of 35,850 shares during the first quarter of 2016 . Information related to restricted shares at March 31, 2016 is as follows: Number of Unvested Restricted Shares Weighted Average Grant Date Fair Value Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at January 1, 2016 765,314 $ 23.73 Granted 500,675 18.46 Vested (227,601 ) 25.17 Cancelled (61,573 ) 24.14 Outstanding at March 31, 2016 976,815 $ 20.67 1.7 $ 17,133,799 As of March 31, 2016 , there was approximately $14.6 million of unrecognized compensation cost related to unvested restricted shares that is expected to be recorded over a weighted-average period of 2.3 years. The Company recognized approximately $2.0 million of stock-based compensation expense related to restricted shares during the three months ended March 31, 2016 and 2015 , respectively. The stock-based compensation expense is included in selling, general and administrative expenses in the accompanying consolidated statement of income.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share Net income is divided by the weighted average number of common shares outstanding during the period to calculate basic earnings per share. Diluted earnings per share is calculated to give effect to stock options and restricted share awards. The calculation of diluted earnings per share included 286,189 and 279,269 restricted shares for the three months ended March 31, 2016 and 2015 , respectively. The calculation of diluted earnings per share also included options to purchase 89,637 and 123,613 shares of common stock for the three months ended March 31, 2016 and 2015 , respectively.

Defined Benefit Plans

Defined Benefit Plans	3 Months Ended
	Mar. 31, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Defined Benefit Plans	Defined Benefit Plans Net periodic pension and postretirement benefit costs for the Company's defined benefit pension plans and postretirement benefit plans cover certain foreign employees, union hourly employees and salaried employees. The components of net periodic pension and postretirement benefit costs for the three months ended March 31, 2016 and 2015 are as follows: Pension Plans Other Postretirement Benefits Three months ended Three months ended 2016 2015 2016 2015 (dollars in thousands) Service costs $ 250 $ 240 $ — $ — Interest costs 400 420 — 10 Expected return on plan assets (420 ) (520 ) — — Amortization of net (gain)/loss 230 380 (10 ) (10 ) Net periodic benefit cost $ 460 $ 520 $ (10 ) $ — The Company contributed approximately $0.5 million to its defined benefit pension plans during the three months ended March 31, 2016 . The Company expects to contribute approximately $2.0 million to its defined benefit pension plans for the full year 2016 .

Other Comprehensive Income (Los

Other Comprehensive Income (Loss) (Notes)	3 Months Ended
	Mar. 31, 2015
Other Comprehensive Income [Abstract]
Comprehensive Income (Loss) Note [Text Block]	14 . Other Comprehensive Income (Loss) Changes in AOCI by component for the three months ended March 31, 2016 are summarized as follows, net of tax: Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total (dollars in thousands) Balance, December 31, 2015 $ (12,370 ) $ (1,790 ) $ 2,860 $ (11,300 ) Net unrealized losses arising during the period (a) — (3,030 ) (2,660 ) (5,690 ) Less: Net realized losses reclassified to net income (b) (150 ) (70 ) — (220 ) Net current-period other comprehensive income (loss) 150 (2,960 ) (2,660 ) (5,470 ) Balance, March 31, 2016 $ (12,220 ) $ (4,750 ) $ 200 $ (16,770 ) __________________________ (a) Derivative instruments, net of income tax of approximately $1.9 million . See Note 8 , " Derivative Instruments ," for further details. (b) Defined benefit plans, net of income tax of approximately $0.1 million . See Note 13 , " Defined Benefit Plans ," for further details. Derivative instruments, net of income tax of approximately $0.1 million . See Note 8 , " Derivative Instruments ," for further details. Changes in AOCI by component for the three months ended March 31, 2015 are summarized as follows, net of tax: Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total (dollars in thousands) Balance, December 31, 2014 $ (14,180 ) $ 610 $ 23,790 $ 10,220 Net unrealized losses arising during the period (a) — (710 ) (6,540 ) (7,250 ) Less: Net realized losses reclassified to net income (b) (250 ) (320 ) — (570 ) Net current-period other comprehensive income (loss) 250 (390 ) (6,540 ) (6,680 ) Balance, March 31, 2015 $ (13,930 ) $ 220 $ 17,250 $ 3,540 __________________________ (a) Derivative instruments, net of income tax of approximately $0.3 million . See Note 8 , " Derivative Instruments ," for further details. (b) Defined benefit plans, net of income tax of approximately $0.1 million . See Note 13 , " Defined Benefit Plans ," for further details. Derivative instruments, net of income tax of approximately $0.1 million . See Note 8 , " Derivative Instruments ," for further details.

Discontinued Operations Disco22

Discontinued Operations Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	Results of discontinued operations are summarized as follows: Three months ended March 31, 2015 (dollars in thousands) Net sales $ 142,360 Cost of sales (107,060 ) Gross profit 35,300 Selling, general and administrative expenses (30,820 ) Operating profit 4,480 Interest expense (1,220 ) Other expense, net (1,250 ) Other expense, net (2,470 ) Income from discontinued operations, before income taxes 2,010 Income tax benefit 30 Income from discontinued operations, net of tax $ 2,040

Goodwill and Other Intangible23

Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the three months ended March 31, 2016 are summarized as follows: Packaging Aerospace Energy Engineered Components Total (dollars in thousands) Balance, December 31, 2015 $ 165,730 $ 206,630 $ — $ 6,560 $ 378,920 Foreign currency translation and other 330 — — — 330 Balance, March 31, 2016 $ 166,060 $ 206,630 $ — $ 6,560 $ 379,250
Schedule of Intangible Assets (excluding Goodwill) by Major Class	The gross carrying amounts and accumulated amortization of the Company's other intangibles as of March 31, 2016 and December 31, 2015 are summarized below. The Company amortizes these assets over periods ranging from one to 30 years. As of March 31, 2016 As of December 31, 2015 Intangible Category by Useful Life Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization (dollars in thousands) Finite-lived intangible assets: Customer relationships, 5 – 12 years $ 74,850 $ (27,910 ) $ 74,890 $ (25,960 ) Customer relationships, 15 – 25 years 132,230 (39,780 ) 132,230 (38,060 ) Total customer relationships 207,080 (67,690 ) 207,120 (64,020 ) Technology and other, 1 – 15 years 57,850 (23,670 ) 57,860 (22,770 ) Technology and other, 17 – 30 years 43,300 (29,780 ) 43,300 (29,250 ) Total technology and other 101,150 (53,450 ) 101,160 (52,020 ) Indefinite-lived intangible assets: Trademark/Trade names 81,630 — 81,630 — Total other intangible assets $ 389,860 $ (121,140 ) $ 389,910 $ (116,040 )
Schedule of Finite-Lived Intangible Assets, Amortization Expense	Amortization expense related to intangible assets as included in the accompanying consolidated statement of income is summarized as follows: Three months ended March 31, 2016 2015 (dollars in thousands) Technology and other, included in cost of sales $ 1,380 $ 1,610 Customer relationships, included in selling, general and administrative expenses 3,720 3,750 Total amortization expense $ 5,100 $ 5,360

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consist of the following components: March 31, December 31, (dollars in thousands) Finished goods $ 101,920 $ 101,480 Work in process 25,340 23,620 Raw materials 40,060 42,270 Total inventories $ 167,320 $ 167,370

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following components: March 31, December 31, (dollars in thousands) Land and land improvements $ 14,840 $ 14,820 Buildings 68,970 67,790 Machinery and equipment 277,620 274,650 361,430 357,260 Less: Accumulated depreciation 181,760 176,130 Property and equipment, net $ 179,670 $ 181,130
Depreciation Expense	Depreciation expense as included in the accompanying consolidated statement of income is as follows: Three months ended March 31, 2016 2015 (dollars in thousands) Depreciation expense, included in cost of sales $ 5,230 $ 4,360 Depreciation expense, included in selling, general and administrative expenses 710 720 Total depreciation expense $ 5,940 $ 5,080

Long-term Debt Long-term Debt (

Long-term Debt Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Debt	The Company's long-term debt consists of the following: March 31, December 31, (dollars in thousands) Credit Agreement $ 389,330 $ 371,820 Receivables facility and other 54,230 53,860 Debt issuance costs (5,710 ) (6,050 ) 437,850 419,630 Less: Current maturities, long-term debt 13,840 13,850 Long-term debt, net $ 424,010 $ 405,780

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	As of March 31, 2016 and December 31, 2015 , the fair value carrying amount of the Company's derivative instruments are recorded as follows: Asset / (Liability) Derivatives Balance Sheet Caption March 31, December 31, (dollars in thousands) Derivatives designated as hedging instruments Interest rate swaps Other assets $ 50 $ 430 Interest rate swaps Accrued liabilities (800 ) (150 ) Interest rate swaps Other long-term liabilities (6,930 ) (3,180 ) Total derivatives designated as hedging instruments $ (7,680 ) $ (2,900 )
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following table summarizes the loss recognized in accumulated other comprehensive income or loss ("AOCI") and the amounts reclassified from AOCI into earnings as of March 31, 2016 and December 31, 2015 , and for the three months ended March 31, 2016 and 2015 : Amount of Loss Recognized Amount of Loss Reclassified Three months ended As of March 31, 2016 As of December 31, 2015 Location of Loss Reclassified from AOCI into Earnings (Effective Portion) 2016 2015 (dollars in thousands) (dollars in thousands) Derivatives designated as hedging instruments Interest rate swaps $ (4,750 ) $ (1,790 ) Interest expense $ (110 ) $ — Income from discontinued operations $ — $ (220 )
Fair Value Measurements, Recurring and Nonrecurring	Fair value measurements and the fair value hierarchy level for the Company's assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 are shown below. Description Frequency Asset / (Liability) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (dollars in thousands) March 31, 2016 Interest rate swaps Recurring $ (7,680 ) $ — $ (7,680 ) $ — December 31, 2015 Interest rate swaps Recurring $ (2,900 ) $ — $ (2,900 ) $ —

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Loss Contingencies by Contingency	The following chart summarizes the number of claimants, number of claims filed, number of claims dismissed, number of claims settled, the average settlement amount per claim and the total defense costs, exclusive of amounts reimbursed under the Company's primary insurance, at the applicable date and for the applicable periods: Claims pending at beginning of period Claims filed during period Claims dismissed during period Claims settled during period Average settlement amount per claim during period Total defense costs during period Fiscal Year Ended December 31, 2015 7,992 266 1,990 26 $ 16,963 $ 3,160,000 Three Months Ended March 31, 2016 6,242 38 90 6 $ 3,333 $ 670,000
Schedule of Damages Sought for Specific Claims [Table Text Block]	Below is a breakdown of the amount sought for those claims seeking specific amounts: Compensatory & Punitive Compensatory Only Punitive Only Range of damages sought (in millions) $0.0 to $5.0 $5.0 to $10.0 $10.0+ $0.0 to $0.6 $0.6 to $5.0 $5.0+ $0.0 to $2.5 Number of claims 51 44 27 8 43 71 122

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Segment activity is as follows: Three months ended 2016 2015 (dollars in thousands) Net Sales Packaging $ 80,110 $ 78,960 Aerospace 40,500 45,740 Energy 44,750 51,160 Engineered Components 37,520 48,270 Total $ 202,880 $ 224,130 Operating Profit (Loss) Packaging $ 17,840 $ 17,510 Aerospace 3,460 8,080 Energy (3,610 ) 340 Engineered Components 5,580 5,970 Corporate expenses (6,820 ) (8,880 ) Total $ 16,450 $ 23,020

Equity Awards (Tables)

Equity Awards (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	Information related to stock options at March 31, 2016 is as follows: Number of Weighted Average Option Price Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at January 1, 2016 206,123 $ 4.84 Exercised (15,800 ) 0.86 Cancelled — — Expired — — Outstanding at March 31, 2016 190,323 $ 5.17 2.3 $ 2,432,388
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	Information related to restricted shares at March 31, 2016 is as follows: Number of Unvested Restricted Shares Weighted Average Grant Date Fair Value Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at January 1, 2016 765,314 $ 23.73 Granted 500,675 18.46 Vested (227,601 ) 25.17 Cancelled (61,573 ) 24.14 Outstanding at March 31, 2016 976,815 $ 20.67 1.7 $ 17,133,799

Defined Benefit Plans (Tables)

Defined Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Schedule of Costs of Retirement Plans	The components of net periodic pension and postretirement benefit costs for the three months ended March 31, 2016 and 2015 are as follows: Pension Plans Other Postretirement Benefits Three months ended Three months ended 2016 2015 2016 2015 (dollars in thousands) Service costs $ 250 $ 240 $ — $ — Interest costs 400 420 — 10 Expected return on plan assets (420 ) (520 ) — — Amortization of net (gain)/loss 230 380 (10 ) (10 ) Net periodic benefit cost $ 460 $ 520 $ (10 ) $ —

Other Comprehensive Income (L32

Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Changes in AOCI by component for the three months ended March 31, 2016 are summarized as follows, net of tax: Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total (dollars in thousands) Balance, December 31, 2015 $ (12,370 ) $ (1,790 ) $ 2,860 $ (11,300 ) Net unrealized losses arising during the period (a) — (3,030 ) (2,660 ) (5,690 ) Less: Net realized losses reclassified to net income (b) (150 ) (70 ) — (220 ) Net current-period other comprehensive income (loss) 150 (2,960 ) (2,660 ) (5,470 ) Balance, March 31, 2016 $ (12,220 ) $ (4,750 ) $ 200 $ (16,770 ) __________________________ (a) Derivative instruments, net of income tax of approximately $1.9 million . See Note 8 , " Derivative Instruments ," for further details. (b) Defined benefit plans, net of income tax of approximately $0.1 million . See Note 13 , " Defined Benefit Plans ," for further details. Derivative instruments, net of income tax of approximately $0.1 million . See Note 8 , " Derivative Instruments ," for further details.	Changes in AOCI by component for the three months ended March 31, 2015 are summarized as follows, net of tax: Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total (dollars in thousands) Balance, December 31, 2014 $ (14,180 ) $ 610 $ 23,790 $ 10,220 Net unrealized losses arising during the period (a) — (710 ) (6,540 ) (7,250 ) Less: Net realized losses reclassified to net income (b) (250 ) (320 ) — (570 ) Net current-period other comprehensive income (loss) 250 (390 ) (6,540 ) (6,680 ) Balance, March 31, 2015 $ (13,930 ) $ 220 $ 17,250 $ 3,540 __________________________ (a) Derivative instruments, net of income tax of approximately $0.3 million . See Note 8 , " Derivative Instruments ," for further details. (b) Defined benefit plans, net of income tax of approximately $0.1 million . See Note 13 , " Defined Benefit Plans ," for further details. Derivative instruments, net of income tax of approximately $0.1 million . See Note 8 , " Derivative Instruments ," for further details.

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation - Cequent Spinoff (Details) - USD ($) $ in Millions	3 Months Ended	7 Months Ended
	Mar. 31, 2015	Jun. 30, 2015
Presentation of spin-off costs [Line Items]
Cequent Spin-off, one-time costs		$ 30
Discontinued Operations [Member]
Presentation of spin-off costs [Line Items]
Cequent Spin-off, one-time costs	$ 4

Discontinued Operations Disco34

Discontinued Operations Discontinued Operations - Cequent Spin-off (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2015	Mar. 31, 2016	Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of Horizon Shares Received in Spin-off	2
TriMas Number of Common Shares Held	5
Cash distribution received from Cequent spin-off	$ 214,500
Cequent businesses [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets		$ 0	$ 0
Disposal Group, Including Discontinued Operation, Liabilities		$ 0	$ 0

Discontinued Operations Disco35

Discontinued Operations Discontinued Operations - Results of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 0	$ 2,040
Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Revenue		142,360
Disposal Group, Including Discontinued Operation, Costs of Goods Sold		(107,060)
Disposal Group, Including Discontinued Operation, Gross Profit (Loss)		35,300
Disposal Group, Including Discontinued Operations, Selling, General and Administrative Expenses		(30,820)
Disposal Group, Including Discontinued Operation, Operating Income (Loss)		4,480
Disposal Group, Including Discontinued Operation, Interest Expense		(1,220)
Disposal Group, Including Discontinued Operation, Other Expense		(1,250)
Disposal Group, Including Discontinued Operations, Nonoperating Income (Expense)		(2,470)
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax		2,010
Discontinued Operation, Tax Effect of Discontinued Operation		30
Income (loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest		$ 2,040

Goodwill and Other Intangible36

Goodwill and Other Intangible Assets Goodwill Rollforward (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Goodwill [Roll Forward]
Balance, beginning	$ 378,920
Translation and purchase accounting adjustments	330
Balance, ending	379,250
Packaging [Member]
Goodwill [Roll Forward]
Balance, beginning	165,730
Translation and purchase accounting adjustments	330
Balance, ending	166,060
Energy [Member]
Goodwill [Roll Forward]
Balance, beginning	0
Translation and purchase accounting adjustments	0
Balance, ending	0
Aerospace [Member]
Goodwill [Roll Forward]
Balance, beginning	206,630
Translation and purchase accounting adjustments	0
Balance, ending	206,630
Engineered Components [Member]
Goodwill [Roll Forward]
Balance, beginning	6,560
Translation and purchase accounting adjustments	0
Balance, ending	$ 6,560

Goodwill and Other Intangible37

Goodwill and Other Intangible Assets Schedule of Intangible Assets (excluding Goodwill) by Major Class (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, accumulated amortization	$ (121,140)	$ (116,040)
Intangible Assets, Gross (Excluding Goodwill)	389,860	389,910
Trademarks and Trade Names [Member]
Intangible Assets, excluding Goodwill [Line Items]
Indefinite-lived intangible assets, gross carrying amount	81,630	81,630
Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	207,080	207,120
Finite-lived intangible assets, accumulated amortization	(67,690)	(64,020)
Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	101,150	101,160
Finite-lived intangible assets, accumulated amortization	(53,450)	(52,020)
Useful Life Five to Twelve Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	74,850	74,890
Finite-lived intangible assets, accumulated amortization	(27,910)	(25,960)
Useful Life Fifteen to Twentyfive Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	132,230	132,230
Finite-lived intangible assets, accumulated amortization	(39,780)	(38,060)
Useful Life One to Fifteen Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	57,850	57,860
Finite-lived intangible assets, accumulated amortization	(23,670)	(22,770)
Useful Life Seventeen to Thirty Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	43,300	43,300
Finite-lived intangible assets, accumulated amortization	$ (29,780)	$ (29,250)
Minimum [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	1 year
Minimum [Member] | Useful Life Five to Twelve Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	5 years
Minimum [Member] | Useful Life Fifteen to Twentyfive Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	15 years
Minimum [Member] | Useful Life One to Fifteen Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	1 year
Minimum [Member] | Useful Life Seventeen to Thirty Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	17 years
Maximum [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	30 years
Maximum [Member] | Useful Life Five to Twelve Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	12 years
Maximum [Member] | Useful Life Fifteen to Twentyfive Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	25 years
Maximum [Member] | Useful Life One to Fifteen Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	15 years
Maximum [Member] | Useful Life Seventeen to Thirty Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	30 years

Goodwill and Other Intangible38

Goodwill and Other Intangible Assets Schedule of Finite-Lived Intangible Assets, Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 5,100	$ 5,360
Cost of Sales [Member] | Technology and Other [Member]
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	1,380	1,610
Selling, General and Administrative Expenses [Member] | Customer Relationships [Member]
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 3,720	$ 3,750

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Finished goods	$ 101,920	$ 101,480
Work in process	25,340	23,620
Raw materials	40,060	42,270
Total inventories	$ 167,320	$ 167,370

Property and Equipment, Net - P

Property and Equipment, Net - Property and Equipment Table (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 361,430	$ 357,260
Less: Accumulated depreciation	181,760	176,130
Property and equipment, net	179,670	181,130
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	14,840	14,820
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	68,970	67,790
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 277,620	$ 274,650

Property and Equipment, Net - D

Property and Equipment, Net - Depreciation Expense Table (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Depreciation Expense [Line Items]
Depreciation expense	$ 5,940	$ 5,080
Continuing Operations [Member]
Depreciation Expense [Line Items]
Depreciation expense	5,940	5,080
Cost of Sales [Member] | Continuing Operations [Member]
Depreciation Expense [Line Items]
Depreciation expense	5,230	4,360
Selling, General and Administrative Expenses [Member] | Continuing Operations [Member]
Depreciation Expense [Line Items]
Depreciation expense	$ 710	$ 720

Long-term Debt - Debt Table (De

Long-term Debt - Debt Table (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt	$ 437,850	$ 419,630
Deferred Finance Costs, Net	(5,710)	(6,050)
Current maturities, debt	13,840	13,850
Long-term debt, net	424,010	405,780
Credit Agreement [Member]
Debt Instrument [Line Items]
Debt	389,330	371,820
Receivables Facility and other [Member] [Member]
Debt Instrument [Line Items]
Debt	$ 54,230	$ 53,860

Long-term Debt - Credit Agreeme

Long-term Debt - Credit Agreement (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Net leverage ratio	2.50
U.S. bank debt and receivables facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Unused Borrowing Capacity, Amount	$ 66.8	$ 107.4
Revolving credit and term loan facilities [Member]
Debt Instrument [Line Items]
Incremental debt commitments capacity	$ 300
term loan A facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date	Jun. 30, 2020
Required prepayments under term loan A facility	$ 0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date	Jun. 30, 2020
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Senior Secured Term Loan A [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Debt Instrument, Face Amount	$ 275
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	500
Revolving Credit Facility, Capacity Available for Foreign Revolver Loans	75
Revolving Credit Facility, Amount Outstanding	121.2	100.3
Revolving Credit Facility, Remaining Borrowing Capacity	360.7	378.1
Letters of credit [Member]
Debt Instrument [Line Items]
Letters of Credit, Maximum Borrowing Capacity	40
Letters of Credit Outstanding, Amount	$ 18.1	$ 21.6
Fair Value, Inputs, Level 2 [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value, % of par value	99.30%	99.30%
Fair Value, Inputs, Level 2 [Member] | term loan A facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value, % of par value	99.60%	99.60%
Principal payment, quarterly December 2015 through September 2018 [Member] | term loan A facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment, Principal	$ 3.4
Principal payment, quarterly December 2018 through March 2020 [Member] | term loan A facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment, Principal	5.2
Final principal payment, June 30, 2020 [Member] | term loan A facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment, Principal	$ 202.8

Long-term Debt - Receivables Fa

Long-term Debt - Receivables Facility (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Debt Instrument [Line Items]
Secured debt, Maximum Borrowing Capacity	$ 75
Receivables Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%	1.00%
Secured Debt	$ 54		$ 53.6
Receivables facility debt available but not utilized	0		$ 7.1
Receivables facililty, debt aggregate costs	$ 0.2	$ 0.2
Debt Instrument, Unused Borrowing Capacity, Fee percentage	0.35%	0.35%
Average liquidation period, Receivables pool	1 month 24 days
Average discount rate, Receivables facility	1.90%

Derivative Instruments - Deriva

Derivative Instruments - Derivative Narrative (Details) - Senior Secured Term Loan A [Member] - Interest Rate Swap [Member] - Cash Flow Hedging [Member] $ in Millions	Mar. 31, 2016USD ($)
Maximum [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 251.5
Maximum [Member] | Derivative, June 2020 Maturity [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	2.68%
Minimum [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	0.74%
Minimum [Member] | Derivative, June 2020 Maturity [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 192.7

Derivative Instruments - Design

Derivative Instruments - Designated as hedging, Financial Position (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ (7,680)	$ (2,900)
Interest Rate Swap [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	50	430
Interest Rate Swap [Member] | Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	(800)	(150)
Interest Rate Swap [Member] | Other long-term liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ (6,930)	$ (3,180)

Derivative Instruments - Desi47

Derivative Instruments - Designated as hedging, Financial Performance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	$ (4,750)	$ 220	$ (1,790)	$ 610
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	(4,750)		$ (1,790)
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(110)	0
Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Income (loss) from discontinued operations, net of tax [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 0	$ (220)

Derivative Instruments - Desi48

Derivative Instruments - Designated as hedging, Financial Performance Narrative (Details) - Designated as Hedging Instrument [Member] $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassification from AOCI into Earnings, Estimate of Time to Transfer	12 months
Interest Expense [Member] | Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) expected to be reclassified from AOCI into Earnings	$ (0.8)

Derivative Instruments - Fair V

Derivative Instruments - Fair Value Measurements (Details) - Interest Rate Swap [Member] - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ (7,680)	$ (2,900)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	(7,680)	(2,900)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Asbestos Narrative (Details) $ in Millions	3 Months Ended	303 Months Ended
	Mar. 31, 2016claimantscases	Mar. 31, 2016USD ($)claimantscases
Minimum [Member]
Loss Contingencies [Line Items]
Estimated Time until Primary Insurance is Exhausted	12 months
Maximum [Member]
Loss Contingencies [Line Items]
Estimated Time until Primary Insurance is Exhausted	18 months
Asbestos [Member]
Loss Contingencies [Line Items]
Total settlement costs | $		$ 7.8
Percentage of settlement and defense costs covered by insurance		40.00%
Asbestos [Member] | Pending Litigation [Member]
Loss Contingencies [Line Items]
Number of pending cases | cases	1,009	1,009
Number of pending claims	6,184
Number of pending claims seeking specific amounts of damages	122	122

Commitments and Contingencies51

Commitments and Contingencies - Asbestos Claimant and Settlement (Details) - Asbestos [Member]	3 Months Ended	12 Months Ended
	Mar. 31, 2016USD ($)claimants	Dec. 31, 2015USD ($)claimants
Loss Contingencies [Line Items]
Number of pending claims at the beginning of period	6,242	7,992
Loss Contingency, New Claims Filed, Number	38	266
Number of pending claims dismissed during period	90	1,990
Number of pending claims settled during period	6	26
Average settlement amount per claim during period | $	$ 3,333	$ 16,963
Total defense costs during period | $	$ 670,000	$ 3,160,000

Commitments and Contingencies52

Commitments and Contingencies - Asbestos Damages Sought (Details) - Asbestos [Member] $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)claimants
Compensatory and Punitive Damages [Member] | Range 1 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 0
Compensatory and Punitive Damages [Member] | Range 1 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5
Compensatory and Punitive Damages [Member] | Range 2 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5
Compensatory and Punitive Damages [Member] | Range 2 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	10
Compensatory and Punitive Damages [Member] | Range 3 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	10
Compensatory Only Damages [Member] | Range 1 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0
Compensatory Only Damages [Member] | Range 1 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0.6
Compensatory Only Damages [Member] | Range 2 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0.6
Compensatory Only Damages [Member] | Range 2 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5
Compensatory Only Damages [Member] | Range 3 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5
Punitive Only Damages [Member] | Range 1 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0
Punitive Only Damages [Member] | Range 1 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	2.5
Punitive Only Damages [Member] | Range 2 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	2.5
Punitive Only Damages [Member] | Range 2 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5
Punitive Only Damages [Member] | Range 3 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 5
Pending Litigation [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	122
Pending Litigation [Member] | Compensatory and Punitive Damages [Member] | Range 1 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	51
Pending Litigation [Member] | Compensatory and Punitive Damages [Member] | Range 2 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	44
Pending Litigation [Member] | Compensatory and Punitive Damages [Member] | Range 3 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	27
Pending Litigation [Member] | Compensatory Only Damages [Member] | Range 1 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	8
Pending Litigation [Member] | Compensatory Only Damages [Member] | Range 2 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	43
Pending Litigation [Member] | Compensatory Only Damages [Member] | Range 3 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	71
Pending Litigation [Member] | Punitive Only Damages [Member] | Range 1 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	122

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Net sales	$ 202,880	$ 224,130
Operating profit (loss)	16,450	23,020
Packaging [Member]
Segment Reporting Information [Line Items]
Net sales	80,110	78,960
Operating profit (loss)	17,840	17,510
Aerospace [Member]
Segment Reporting Information [Line Items]
Net sales	40,500	45,740
Operating profit (loss)	3,460	8,080
Energy [Member]
Segment Reporting Information [Line Items]
Net sales	44,750	51,160
Operating profit (loss)	(3,610)	340
Engineered Components [Member]
Segment Reporting Information [Line Items]
Net sales	37,520	48,270
Operating profit (loss)	5,580	5,970
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)	$ (6,820)	$ (8,880)

Equity Awards - Stock Option Ac

Equity Awards - Stock Option Activity Table (Details)	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Options Outstanding, beginning balance | shares	206,123
Number of Options Exercised | shares	(15,800)
Number of Options Cancelled | shares	0
Number of Options Expired | shares	0
Number of Options Outstanding, ending balance | shares	190,323
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Options Outstanding, Weighted Average Price, beginning | $ / shares	$ 4.84
Options Exercised, Weighted Average Price | $ / shares	0.86
Options Cancelled, Weighted Average Price | $ / shares	0
Options Expired, Weighted Average Price | $ / shares	0
Options Outstanding, Weighted Average Price, ending | $ / shares	$ 5.17
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures
Options Average Remaining Contractual Life (Years)	2 years 3 months
Options Aggregate Intrinsic Value | $	$ 2,432,388

Equity Awards - Stock Options N

Equity Awards - Stock Options Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable stock options	190,323
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 0	$ 0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 2,000,000	$ 2,000,000

Equity Awards - Restricted Shar

Equity Awards - Restricted Shares Activity Table (Details)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Unvested Restricted Shares Outstanding, beginning balance	765,314
Number of Unvested Restricted Shares Granted	500,675
Number of Unvested Restricted Shares Vested	(227,601)
Number of Unvested Restricted Shares Cancelled	(61,573)
Number of Unvested Restricted Shares Outstanding, ending balance	976,815
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Unvested Restricted Shares Outstanding, Weighted Average Grant Date Fair Value, beginning | $ / shares	$ 23.73
Unvested Restricted Shares Granted, Weighted Average Grant Date Fair Value | $ / shares	18.46
Unvested Restricted Shares Vested, Weighted Average Grant Date Fair Value | $ / shares	25.17
Unvested Restricted Shares Cancelled, Weighted Average Grant Date Fair Value | $ / shares	24.14
Unvested Restricted Shares Outstanding, Weighted Average Grant Date Fair Value, ending | $ / shares	$ 20.67
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures
Restricted Shares Average Remaining Contractual Life (Years)	1 year 8 months
Restricted Shares Aggregate Intrinsic Value | $ / shares	$ 17,133,799
Plan 1 [Member] | Service-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Unvested Restricted Shares Granted	217,818
Plan 4 [Member] | Service-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Unvested Restricted Shares Granted	600

Equity Awards - Restricted Sh57

Equity Awards - Restricted Shares Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares issued related to director fee deferrals	4,368
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted	500,675
Unrecognized unvested restricted shares-based compensation expense	$ 14,600
Weighted-average period for recognition of the unrecognized unvested restricted shares-based compensation expense	2 years 3 months
Restricted shares-based compensation expense	$ 2,000	$ 2,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	61,573
Plan 1 [Member] | Service-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted	217,818
Award requisite service period	3 years
Plan 2 [Member] | Service-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted	42,740
Award requisite service period	1 year
Cash value of incentive plan	80.00%
Restriced shares value of incentive plan	20.00%
Plan 4 [Member] | Service-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted	600
Award requisite service period	1 year
Plan 5 [Member] | Service-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period	1 year
Plan 5 [Member] | Service-based restriced shares [Member] | Non-employee independent director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted	41,174
Plan 8 [Member] | Performance-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted	193,975
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.9586%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	35.80%
Minimum [Member] | Plan 2 [Member] | Service-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ICP, Threshold target for granting stock awards	$ 20
Total shareholder return metric [Member] | Minimum [Member] | Plan 8 [Member] | Performance-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award percentage earned based on metric over the performance period	0.00%
Total shareholder return metric [Member] | Maximum [Member] | Plan 8 [Member] | Performance-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award percentage earned based on metric over the performance period	200.00%
EPS CAGR and cash generation metric [Member] | Plan 3 [Member] | Performance-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award percentage attained			50.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	35,850

Earnings per Share (Details)

Earnings per Share (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restricted Shares [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Incremental common shares attributable to share-based payment arrangements	286,189	279,269
Stock Options [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Incremental common shares attributable to share-based payment arrangements	89,637	123,613

Defined Benefit Plans - Net Per

Defined Benefit Plans - Net Periodic Pension and Postretirement Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service costs	$ 250	$ 240
Interest costs	400	420
Expected return on plan assets	(420)	(520)
Amortization of net (gain)/loss	230	380
Net periodic benefit cost	460	520
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service costs	0	0
Interest costs	0	10
Expected return on plan assets	0	0
Amortization of net (gain)/loss	(10)	(10)
Net periodic benefit cost	$ (10)	$ 0

Defined Benefit Plans - Defined

Defined Benefit Plans - Defined Benefit Plans Narrative (Details) - Pension Plans, Defined Benefit [Member] $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer	$ 0.5
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	$ 2

Other Comprehensive Income (L61

Other Comprehensive Income (Loss) - (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016		Mar. 31, 2015
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax [Abstract]
Beginning Balance Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax	$ (12,370)		$ (14,180)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Net of Tax	0		0
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Net of Tax	(150)	[1]	(250)	[2]
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	150		250
Ending Balance Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax	(12,220)		(13,930)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax [Abstract]
Beginning Balance Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	(1,790)		610
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(3,030)	[3]	(710)	[4]
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	(70)	[1]	(320)	[2]
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(2,960)		(390)
Ending Balance Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	(4,750)		220
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax [Abstract]
Beginning Balance Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	2,860		23,790
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	(2,660)		(6,540)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax	0		0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(2,660)		(6,540)
Ending Balance Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	200		17,250
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning Balance Accumulated Other Comprehensive Income (Loss), Net of Tax	(11,300)		10,220
Other Comprehensive Income (Loss), Net Unrealized Gains (Losses) Arising During the Period, Net of Tax	(5,690)		(7,250)
Other Comprehensive income, Net Realized Gains (Losses) to Net Income	(220)		(570)
Total other comprehensive income (loss)	(5,470)		(6,680)
Ending Balance Accumulated Other Comprehensive Income (Loss), Net of Tax	(16,770)		3,540
Other Comprehensive Income (Loss), Tax [Abstract]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	1,900		300
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Tax	100		100
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax	$ 100		$ 100
[1]	Defined benefit plans, net of income tax of approximately $0.1 million. See Note 13, "Defined Benefit Plans," for further details. Derivative instruments, net of income tax of approximately $0.1 million. See Note 8, "Derivative Instruments," for further details.
[2]	Defined benefit plans, net of income tax of approximately $0.1 million. See Note 13, "Defined Benefit Plans," for further details. Derivative instruments, net of income tax of approximately $0.1 million. See Note 8, "Derivative Instruments," for further details.
[3]	Derivative instruments, net of income tax of approximately $1.9 million. See Note 8, "Derivative Instruments," for further details.
[4]	Derivative instruments, net of income tax of approximately $0.3 million. See Note 8, "Derivative Instruments," for further details.