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Compensatory

Range of damages sought (dollars in millions)

$0.0 to $0.6

$0.6 to $5.0

Number of claims

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Document and Entity Information Document - shares	6 Months Ended
Document and Entity Information Document - shares	Jun. 30, 2020	Jul. 22, 2020
Entity Information [Line Items]
Entity Incorporation, State or Country Code	DE
Title of 12(b) Security	Common stock, $0.01 par value
Document Transition Report	false
Document Quarterly Report	true
Local Phone Number	631-5450
City Area Code	248
Entity Address, Postal Zip Code	48304
Entity Address, State or Province	MI
Entity Address, City or Town	Bloomfield Hills
Entity Address, Address Line Two	Suite 200
Entity Address, Address Line One	38505 Woodward Avenue
Entity File Number	001-10716
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Registrant Name	TRIMAS CORPORATION
Entity Central Index Key	0000842633
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		45,503,644
Entity Small Business	false
Entity Emerging Growth Company	false
Trading Symbol	TRS
Security Exchange Name	NASDAQ
Entity Tax Identification Number	38-2687639

Consolidated Balance Sheet Statement - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 65,250	$ 172,470
Receivables, net of reserves of approximately $3.7 million and $2.1 million as of June 30, 2020 and December 31, 2019, respectively	123,320	108,860
Inventories	140,890	132,660
Prepaid expenses and other current assets	18,900	20,050
Total current assets	348,360	434,040
Property and equipment, net	210,960	214,330
Operating lease right-of-use assets	35,270	27,850
Goodwill	376,320	334,640
Other intangibles, net	188,170	161,390
Deferred income taxes	3,630	500
Other assets	22,190	19,950
Total assets	1,184,900	1,192,700
Current liabilities:
Accounts payable	60,180	72,670
Accrued liabilities	46,680	42,020
Operating lease liabilities, current portion	6,480	5,100
Total current liabilities	113,340	119,790
Long-term debt, net	295,260	294,690
Operating lease liabilities	29,330	23,100
Deferred income taxes	27,960	16,830
Other long-term liabilities	57,910	40,810
Total liabilities	523,800	495,220
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: 43,502,103 shares at June 30, 2020 and 44,562,679 shares at December 31, 2019	440	450
Paid-in capital	753,430	782,880
Accumulated deficit	(82,430)	(79,850)
Accumulated other comprehensive loss	(10,340)	(6,000)
Total shareholders' equity	661,100	697,480
Total liabilities and shareholders' equity	$ 1,184,900	$ 1,192,700

Consolidated Balance Sheet Parentheticals - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Receivables, reserves (in dollars)	$ 3.7	$ 2.1
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	43,502,103	44,562,679
Common Stock, outstanding Shares	43,502,103	44,562,679

Consolidated Statement of Operations Statement - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net sales	$ 199,550	$ 190,830	$ 382,340	$ 364,200
Cost of sales	(162,320)	(137,040)	(298,740)	(263,620)
Gross profit	37,230	53,790	83,600	100,580
Selling, general and administrative expenses	(55,380)	(26,730)	(81,920)	(53,720)
Operating profit (loss)	(18,150)	27,060	1,680	46,860
Other expense, net:
Interest expense	(4,230)	(3,490)	(7,810)	(6,930)
Other income, net	1,130	1,220	1,050	650
Other expense, net	(3,100)	(2,270)	(6,760)	(6,280)
Income (loss) before income tax expense	(21,250)	24,790	(5,080)	40,580
Income tax benefit (expense)	5,550	(6,070)	2,500	(7,310)
Income (loss) from continuing operations	(15,700)	18,720	(2,580)	33,270
Income from discontinued operations, net of tax	0	3,300	0	7,840
Net income (loss)	$ (15,700)	$ 22,020	$ (2,580)	$ 41,110
Basic earnings (loss) per share
Continuing operations	$ (0.36)	$ 0.41	$ (0.06)	$ 0.73
Discontinued operations	0	0.07	0	0.17
Net income (loss) per share	$ (0.36)	$ 0.48	$ (0.06)	$ 0.90
Weighted average common shares—basic	43,463,235	45,592,075	43,832,144	45,585,445
Diluted earnings (loss) per share
Continuing operations	$ (0.36)	$ 0.41	$ (0.06)	$ 0.72
Discontinued operations	0	0.07	0	0.17
Net income (loss) per share	$ (0.36)	$ 0.48	$ (0.06)	$ 0.89
Weighted average common shares—diluted	43,463,235	45,828,315	43,832,144	45,910,249

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net Income (loss)	$ (15,700)	$ 22,020	$ (2,580)	$ 41,110
Other comprehensive income (loss)
Defined benefit plans	160	100	310	200
Foreign currency translation	1,310	(900)	(6,950)	(200)
Derivative instruments	(2,130)	(730)	2,300	1,490
Total other comprehensive income (loss)	(660)	(1,530)	(4,340)	1,490
Total comprehensive income (loss)	$ (16,360)	$ 20,490	$ (6,920)	$ 42,600

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Consolidated Statement of Cash Flows Statement - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities:
Net Income (loss)	$ (2,580)	$ 41,110
Income from discontinued operations, net of tax	0	7,840
Income (loss) from continuing operations	(2,580)	33,270
Adjustments to reconcile income (loss) to net cash provided by operating activities, net of acquisition impact:
Loss on dispositions of assets	1,010	30
Depreciation	14,770	11,990
Amortization of intangible assets	10,150	9,380
Amortization of debt issue costs	570	560
Deferred income taxes	(1,460)	4,130
Non-cash compensation expense	4,680	3,040
Non-cash asbestos-related expense for change in liability estimate	23,400	0
Increase in receivables	(12,300)	(5,720)
Decrease in inventories	5,260	380
Decrease in prepaid expenses and other assets	290	1,430
Increase (decrease) in accounts payable and accrued liabilities	(14,530)	(24,410)
Other operating activities	1,580	(1,310)
Net cash provided by operating activities of continuing operations	30,840	32,770
Net cash used for operating activities of discontinued operations	0	(3,490)
Net cash provided by operating activities, net of acquisition impact	30,840	29,280
Cash Flows from Investing Activities:
Capital expenditures	(9,250)	(11,500)
Acquisition of businesses, net of cash acquired	(95,160)	(67,030)
Net proceeds from disposition of business, property and equipment	2,110	0
Net cash used for investing activities of continuing operations	(102,300)	(78,530)
Net cash used for investing activities of discontinued operations	0	(780)
Net cash used for investing activities	(102,300)	(79,310)
Cash Flows from Financing Activities:
Proceeds from borrowings on revolving credit facilities	245,700	93,220
Repayments of borrowings on revolving credit facilities	(247,320)	(92,410)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(2,570)	(3,230)
Payments to purchase common stock	(31,570)	(15,420)
Net cash used for financing activities of continuing operations	(35,760)	(17,840)
Net cash provided by financing activities of discontinued operations	0	0
Net cash used for financing activities	(35,760)	(17,840)
Decrease for the period	(107,220)	(67,870)
At beginning of period	172,470	108,150
At end of period	65,250
Supplemental disclosure of cash flow information:
Cash paid for interest	7,150	6,190
Cash paid for taxes	$ 3,410	$ 10,160

Consolidated Statement of Shareholders' Equity Statement - USD ($) $ in Thousands	Total	Common Stock [Member]	Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income [Member]
Balances at Dec. 31, 2018	$ 620,450	$ 460	$ 816,500	$ (179,660)	$ (16,850)
Net income (loss)	19,090			19,090
Other comprehensive income (loss)	3,020				3,020
Purchase of common stock	(670)		(670)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(2,620)		(2,620)
Non-cash compensation expense	1,320		1,320
Impact of adoption of new accounting pronouncement	(80)			1,190	(1,270)
Balances at Mar. 31, 2019	640,510	460	814,530	(159,380)	(15,100)
Balances at Dec. 31, 2018	620,450	460	816,500	(179,660)	(16,850)
Net income (loss)	41,110
Other comprehensive income (loss)	1,490				1,490
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(3,230)
Balances at Jun. 30, 2019	647,360	450	800,900	(137,360)	(16,630)
Balances at Mar. 31, 2019	640,510	460	814,530	(159,380)	(15,100)
Net income (loss)	22,020			22,020
Other comprehensive income (loss)	(1,530)				(1,530)
Purchase of common stock	(14,750)	(10)	(14,740)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(610)		(610)
Non-cash compensation expense	1,720		1,720
Balances at Jun. 30, 2019	647,360	450	800,900	(137,360)	(16,630)
Balances at Dec. 31, 2019	697,480	450	782,880	(79,850)	(6,000)
Net income (loss)	13,120			13,120
Other comprehensive income (loss)	(3,680)				(3,680)
Purchase of common stock	(31,570)	(20)	(31,550)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(1,830)		(1,830)
Non-cash compensation expense	1,940		1,940
Balances at Mar. 31, 2020	675,460	430	751,440	(66,730)	(9,680)
Balances at Dec. 31, 2019	697,480	450	782,880	(79,850)	(6,000)
Net income (loss)	(2,580)
Other comprehensive income (loss)	(4,340)				(4,340)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(2,570)
Balances at Jun. 30, 2020	661,100	440	753,430	(82,430)	(10,340)
Balances at Mar. 31, 2020	675,460	430	751,440	(66,730)	(9,680)
Net income (loss)	(15,700)			(15,700)
Other comprehensive income (loss)	(660)				(660)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(740)		(740)
Non-cash compensation expense	2,740	10	2,730
Balances at Jun. 30, 2020	$ 661,100	$ 440	$ 753,430	$ (82,430)	$ (10,340)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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+ Details

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation TriMas Corporation ("TriMas" or the "Company"), and its consolidated subsidiaries, designs, engineers and manufactures innovative products under leading brand names for customers primarily in the consumer products, aerospace & defense, and industrial markets. In the first quarter of 2020, TriMas began reporting its machined components operations, located in Stanton, California and Tolleson, Arizona, as part of its Aerospace segment. The operations were previously reported in the Specialty Products segment. The move of these operations into TriMas Aerospace facilitates a more rapid approach to achieving anticipated synergies from the recent RSA Engineered Products ("RSA") acquisition, allowing the Company to better leverage the machining competencies and resources across its aerospace businesses. See Note 15, "Segment Information," for further information on each of the Company's reportable segments. In addition, on December 20, 2019, the Company completed the sale of its Lamons division (“Lamons”), a transaction entered into with an investment fund sponsored by First Reserve on November 1, 2019. Lamons was sold for approximately $135 million in cash. The financial results of Lamons were previously reported within the Company's Specialty Products segment, and are presented as discontinued operations for all periods presented in the financial statements attached hereto. In the second quarter of 2020, the Company elected to change its method of accounting for asbestos-related defense costs from accruing for probable and reasonably estimable defense costs associated with known claims expected to settle to accrue for all future defense costs for both known and unknown claims, which the Company now believes are reasonably estimable. The Company believes this change is preferable, as asbestos-related defense costs represent expenditures related to legacy activities that do not contribute to current or future revenue generating activities, and recording an estimate of the full liability for asbestos-related costs, where estimable with reasonable precision, provides a more complete assessment of the liability associated with resolving asbestos-related claims. This accounting change has been reflected as a change in accounting estimate effected by a change in accounting principle. See Note 14, "Commitments and Contingencies," for further information on this change. 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. The preparation of financial statements also requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities. Actual results may differ from such estimates and assumptions due to risks and uncertainties, including uncertainty in the current economic environment due to the ongoing outbreak of a new strain of the coronavirus (“COVID-19”). While the full impact of COVID-19 is unknown and cannot be reasonably estimated at this time, the Company has made appropriate accounting estimates based on the facts and circumstances available as of the reporting date. To the extent there are differences between these estimates and actual results, the Company's consolidated financial statements may be materially affected. Results of operations for interim periods are not necessarily indicative of results for the full year, and certain prior year amounts have been reclassified to conform to current year presentation. The accompanying consolidated financial statements and notes thereto should be read in conjunction with the Company's 2019 Annual Report on Form 10-K.

New Accounting Pronouncements	6 Months Ended
New Accounting Pronouncements	Jun. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Recently Issued Accounting Pronouncements In December 2019, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes" ("ASU 2019-12"), which removes specific exceptions to the general principles in Topic 740, simplifies the accounting for income taxes and provides clarification of certain aspects of current guidance. ASU 2019-12 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2020, with early adoption permitted. The Company is in the process of assessing the impact of adoption on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-14, "Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20)" ("ASU 2018-14"), which modifies the disclosure requirements for employers who sponsor defined benefit pension or other postretirement plans. ASU 2018-14 is effective for fiscal years ending after December 15, 2020, with early adoption permitted. ASU 2018-14 is to be applied retrospectively to all periods presented. The Company is in the process of assessing the impact of adoption on its consolidated financial statements.

Discontinued Operations Discontinued Operations

6 Months Ended

Jun. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Discontinued Operations

On December 20, 2019, the Company completed the sale of Lamons to two wholly-owned subsidiaries of an investment fund sponsored by First Reserve, pursuant to an Asset and Stock Purchase Agreement dated as of November 1, 2019 (the “Purchase Agreement”), for a purchase price of $135 million, subject to certain adjustments as set forth in the Purchase Agreement. The transaction was finalized in the first quarter of 2020 and resulted in a $1.8 million payment to the Company.

The Company's historical results for Lamons are shown in the accompanying consolidated statement of operations as a discontinued operation. Results of discontinued operations are summarized as follows (dollars in thousands):



	Three months ended June 30,			Six months ended June 30,
	2019			2019
Net sales	$	48,540		$	96,460
Cost of sales	(36,980		)	(71,870		)
Gross profit	11,560			24,590
Selling, general and administrative expenses	(7,510		)	(14,490		)
Operating profit	4,050			10,100
Other income, net	130			20
Income from discontinued operations, before income taxes	4,180			10,120
Income tax expense	(880		)	(2,280		)
Income from discontinued operations, net of tax	$	3,300		$	7,840

Revenue Revenue (Notes)

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Revenue

The following table presents the Company’s disaggregated net sales by primary market served (dollars in thousands):



	Three months ended June 30,				Six months ended June 30,
Customer Markets	2020		2019		2020		2019
Consumer Products	$	104,530	$	82,060	$	183,590	$	149,980
Aerospace & Defense	42,610		49,510		91,530		95,090
Industrial	52,410		59,260		107,220		119,130
Total net sales	$	199,550	$	190,830	$	382,340	$	364,200

The Company’s Packaging segment earns revenues from the consumer products (comprised of the beauty and personal care, home care, food and beverage, pharmaceutical and nutraceutical submarkets) and industrial markets. The Aerospace segment earns revenues from the aerospace & defense market (comprised of commercial, regional and business jet and military submarkets). The Specialty Products segment earns revenues from a variety of submarkets within the industrial market.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

Realignment Actions Realignment Actions (Notes)	6 Months Ended
Realignment Actions Realignment Actions (Notes)	Jun. 30, 2020
Realignment Actions [Abstract]
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	Realignment ActionsIn the three months ended June 30, 2020, the Company executed certain realignment actions, primarily in its Aerospace and Specialty Products segments, in response to reductions in current and expected future end market demand. The Company recorded a non-cash charge of approximately $13.2 million related to inventory reductions, primarily as a result of a strategic decision in its Arrow Engine division to narrow its product line focus. The Company also recorded a non-cash charge of approximately $2.2 million related to certain production equipment removed from service given reduced demand levels. In addition, the Company reduced its employment levels given lower customer demand during second quarter 2020, incurring approximately $3.1 million in severance charges, of which approximately $1.9 million was paid by June 30, 2020. For the three months ended June 30, 2020, approximately $16.0 million and $2.5 million of these charges were included in cost of sales and selling, general and administrative expenses, respectively, in the accompanying consolidated statement of operations.

Acquisitions	6 Months Ended
Acquisitions	Jun. 30, 2020
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisitions 2020 Acquisitions On April 17, 2020, the Company acquired the Rapak® brand, including certain bag-in-box product lines and assets ("Rapak") for an aggregate amount of approximately $11.4 million, subject to normal course adjustments. Rapak, which is reported in the Company's Packaging segment, has manufacturing locations in Indiana, California and Illinois, and historically generated approximately $30 million in annual revenue. On February 27, 2020, the Company acquired RSA Engineered Products, a manufacturer of complex, highly-engineered and proprietary ducting, connectors and related products for air management systems used in aerospace and defense applications, for an aggregate amount of approximately $83.7 million, net of cash acquired, subject to normal course adjustments. The fair value of assets acquired and liabilities assumed included approximately $80.2 million of goodwill and intangible assets, $10.1 million of net working capital, $2.1 million of property and equipment, and $8.7 million of net deferred tax liabilities. RSA, which is reported in the Company's Aerospace segment, is located in Simi Valley, California and historically generated approximately $30 million in annual revenue. In connection with the acquisitions, the Company recorded approximately $2.3 million and $2.8 million of non-cash purchase accounting-related expenses during the three and six months ended June 30, 2020, respectively, within cost of sales related to the step-up in value and subsequent sale of inventory. 2019 Acquisitions In April 2019, the Company acquired Taplast S.p.A. ("Taplast"), a designer and manufacturer of dispensers, closures and containers for the beauty and personal care, home care, and food and beverage packaging markets, for an aggregate amount of approximately $44.7 million, net of cash acquired. With manufacturing locations in both Italy and Slovakia, Taplast serves markets in Europe and North America and historically generated approximately $32 million in annual revenue. Taplast is reported in the Company's Packaging segment. In January 2019, the Company acquired Plastic Srl, a manufacturer of single-bodied and assembled polymeric caps and closures for use in home care products, for an aggregate amount of approximately $22.4 million, net of cash acquired. Located in Italy, Plastic Srl serves the home care market throughout Italy and other European countries and historically generated approximately $12 million in annual revenue. Plastic Srl is reported in the Company's Packaging segment. In connection with the acquisitions, the Company recorded approximately $0.2 million and $1.2 million of non-cash purchase accounting-related expenses during the three and six months ended June 30, 2019, respectively. Of these amounts, approximately $0.9 million was recognized during the six months ended June 30, 2019, within selling, general and administrative expenses, primarily related to the write-off of the Plastic Srl trade name acquired that will not be used. In addition, approximately $0.2 million and $0.3 million was recognized during the three and six months ended June 30, 2019, respectively, within cost of sales related to the step-up in value and subsequent sale of inventory.

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The Company assesses goodwill and other intangible assets for impairment on an annual basis as of October 1, and more frequently if there are changes in the business climate or as a result of a triggering event taking place. The Company considered the current and potential future market and economic impacts that may result from the COVID-19 pandemic, including its impact on the Company's reporting units, and also assessed the change in its market capitalization during the first and second quarter of 2020. Based on this review, and after consideration of the historical excess in fair value over carrying value within the Company's reporting units, the Company determined that there was not a triggering event which would require an interim impairment test to be performed.

In the first quarter of 2020, the Company began reporting its machined products operations within the Aerospace segment. These operations were previously reported in the Company's Specialty Products segment. As a result of the reporting structure change, goodwill of approximately $12.7 million was reassigned from the Specialty Products segment to the Aerospace segment.

Changes in the carrying amount of goodwill for the six months ended June 30, 2020 are summarized as follows (dollars in thousands):



	Packaging			Aerospace		Specialty Products			Total
Balance, December 31, 2019	$	181,650		$	133,690	$	19,300		$	334,640
Goodwill from acquisitions	—			43,260		—			43,260
Goodwill reassigned in segment realignment	—			12,740		(12,740		)	—
Foreign currency translation and other	(1,580		)	—		—			(1,580		)
Balance, June 30, 2020	$	180,070		$	189,690	$	6,560		$	376,320

The Company amortizes its other intangible assets over periods ranging from one to 30 years. The gross carrying amounts and accumulated amortization of the Company's other intangibles are summarized below (dollars in thousands):



	As of June 30, 2020					As of December 31, 2019
Intangible Category by Useful Life	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Customer relationships, 5 – 12 years	$	100,160	$	(54,200	)	$	73,860	$	(49,910	)
Customer relationships, 15 – 25 years	122,280		(59,230		)	122,280		(56,010		)
Total customer relationships	222,440		(113,430		)	196,140		(105,920		)
Technology and other, 1 – 15 years	54,100		(31,240		)	52,430		(29,790		)
Technology and other, 17 – 30 years	43,300		(38,620		)	43,300		(37,620		)
Total technology and other	97,400		(69,860		)	95,730		(67,410		)
Indefinite-lived intangible assets:
Trademark/Trade names	51,620		—			42,850		—
Total other intangible assets	$	371,460	$	(183,290	)	$	334,720	$	(173,330	)

Amortization expense related to intangible assets as included in the accompanying consolidated statement of operations is summarized as follows (dollars in thousands):



	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Technology and other, included in cost of sales	$	1,260	$	1,200	$	2,470	$	2,400
Customer relationships, included in selling, general and administrative expenses	4,040		3,550		7,680		6,980
Total amortization expense	$	5,300	$	4,750	$	10,150	$	9,380

Inventories

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following components (dollars in thousands):



	June 30, 2020		December 31, 2019
Finished goods	$	73,320	$	68,350
Work in process	30,670		30,560
Raw materials	36,900		33,750
Total inventories	$	140,890	$	132,660

Property and Equipment, Net

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and equipment consists of the following components (dollars in thousands):



	June 30, 2020		December 31, 2019
Land and land improvements	$	19,560	$	19,110
Buildings	85,820		84,880
Machinery and equipment	329,120		326,990
	434,500		430,980
Less: Accumulated depreciation	223,540		216,650
Property and equipment, net	$	210,960	$	214,330

Depreciation expense as included in the accompanying consolidated statement of operations is as follows (dollars in thousands):



	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Depreciation expense, included in cost of sales	$	7,830	$	6,010	$	14,190	$	11,440
Depreciation expense, included in selling, general and administrative expenses	280		290		580		550
Total depreciation expense	$	8,110	$	6,300	$	14,770	$	11,990

Long-term Debt

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Long-term debt

Long-term Debt

The Company's long-term debt consists of the following (dollars in thousands):



	June 30, 2020			December 31, 2019
4.875% Senior Notes due October 2025	$	300,000		$	300,000
Debt issuance costs	(4,740		)	(5,310		)
Long-term debt, net	$	295,260		$	294,690

Senior Notes

In September 2017, the Company issued $300.0 million aggregate principal amount of 4.875% senior notes due October 15, 2025 ("Senior Notes") at par value in a private placement under Rule 144A of the Securities Act of 1933, as amended. The Senior Notes accrue interest at a rate of 4.875% per annum, payable semi-annually in arrears on April 15 and October 15, commencing on April 15, 2018. The payment of principal and interest is jointly and severally guaranteed, on a senior unsecured basis, by certain subsidiaries of the Company (each a "Guarantor" and collectively the "Guarantors"). The Senior Notes are pari passu in right of payment with all existing and future senior indebtedness and subordinated to all existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness.

Prior to October 15, 2020, the Company may redeem up to 35% of the principal amount of the Senior Notes at a redemption price of 104.875% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date, with the net cash proceeds of one or more equity offerings provided that each such redemption occurs within 90 days of the date of closing of each such equity offering. In addition, the Company may redeem all or part of the Senior Notes at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to the redemption date, plus a "make whole" premium. On or after October 15, 2020, the Company may redeem all or part of the Senior Notes at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, to the redemption date, if redeemed during the twelve-month period beginning on October 15 of the years indicated below:



Year	Percentage
2020	102.438	%
2021	101.219	%
2022 and thereafter	100.000	%

Credit Agreement

The Company is a party to a credit agreement ("Credit Agreement") consisting of a $300.0 million senior secured revolving credit facility, which permits borrowings denominated in specific foreign currencies, subject to a $125.0 million sub limit, matures on September 20, 2022 and is subject to interest at London Interbank Offered Rate ("LIBOR") plus 1.50%. 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 revolving credit facility commitments in an amount not to exceed the greater of $200.0 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 3.00 to 1.00. The terms and conditions of any incremental revolving credit facility commitments must be no more favorable than the existing credit facility.

The Company's revolving credit facility allows for the issuance of letters of credit, not to exceed $40.0 million in aggregate. At June 30, 2020, the Company had no amounts outstanding under its revolving credit facility and had approximately $284.1 million potentially available after giving effect to approximately $15.9 million of letters of credit issued and outstanding. At December 31, 2019, the Company had no amounts outstanding under its revolving credit facility and had approximately $283.9 million potentially available after giving effect to approximately $16.1 million of letters of credit issued and outstanding. The Company's borrowing capacity was not reduced by leverage restrictions contained in the Credit Agreement as of June 30, 2020 and December 31, 2019. The Company previously drew $150 million on its revolving credit facility in March 2020 to defend against potential uncertainty or liquidity issues in the financial markets as a result of the COVID-19 pandemic, but repaid this amount during second quarter 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 $125.0 million (equivalent) foreign currency sub limit of the $300.0 million senior secured revolving credit facility are secured by a cross-guarantee amongst, and 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 the ability, subject to certain exceptions and limitations, to incur 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 restricted subsidiaries to meet certain restrictive financial covenants and ratios computed quarterly, including a maximum total net leverage ratio (total consolidated indebtedness plus outstanding amounts under the accounts receivable securitization facility, less the aggregate amount of certain unrestricted cash and unrestricted permitted investments, as defined, over consolidated EBITDA, as defined), a maximum senior secured net leverage ratio (total consolidated senior secured indebtedness, less the aggregate amount of certain unrestricted cash and unrestricted permitted investments, as defined, over consolidated EBITDA, as defined) and a minimum interest expense coverage ratio (consolidated EBITDA, as defined, over the sum of consolidated cash interest expense, as defined, and preferred dividends, as defined). At June 30, 2020, the Company was in compliance with its financial covenants contained in the Credit Agreement.

Fair Value of Debt

The valuations of the Senior Notes and other debt were determined based on Level 2 inputs under the fair value hierarchy, as defined. The carrying amounts and fair values were as follows (dollars in thousands):



	June 30, 2020				December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	300,000	$	300,000	$	300,000	$	309,000

Derivative Instruments

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

Derivatives Designated as Hedging Instruments

In October 2018, the Company entered into cross-currency swap agreements to hedge its net investment in Euro-denominated assets against future volatility in the exchange rate between the U.S. dollar and the Euro. By doing so, the Company synthetically converted a portion of its U.S. dollar-based long-term debt into Euro-denominated long-term debt. The agreements have a five year tenor at notional amounts declining from $125.0 million to $75.0 million over the contract period. Under the terms of the swap agreements, the Company is to receive net interest payments at a fixed rate of approximately 2.9% of the notional amount. At inception, the cross-currency swaps were designated as net investment hedges.

As of June 30, 2020 and December 31, 2019, the fair value carrying amount of the Company's derivative instruments are recorded as follows (dollars in thousands):



		Asset / (Liability) Derivatives
Derivatives designated as hedging instruments	Balance Sheet Caption	June 30, 2020		December 31, 2019
Net Investment Hedges
Cross-currency swaps	Other assets	$	7,580	$	4,460

The following table summarizes the income recognized in accumulated other comprehensive income (loss) ("AOCI") on derivative contracts designated as hedging instruments as of June 30, 2020 and December 31, 2019, and the amounts reclassified from AOCI into earnings for the three and six months ended June 30, 2020 and 2019 (dollars in thousands):



	Amount of Income Recognized in AOCI on Derivative (Effective Portion, net of tax)					Amount of Income (Loss) Reclassified from AOCI into Earnings
						Three months ended June 30,				Six months ended June 30,
	As of June 30, 2020		As of December 31, 2019		Location of Income (Loss) Reclassified from AOCI into Earnings (Effective Portion)	2020		2019		2020		2019
Net Investment Hedges
Cross-currency swaps	$	6,530	$	4,230	Other income, net	$	—	$	—	$	—	$	—

Over the next 12 months, the Company does not expect to reclassify any pre-tax deferred amounts from AOCI into earnings.

Derivatives Not Designated as Hedging Instruments

As of June 30, 2020, the Company was party to foreign currency exchange forward contracts to economically hedge changes in foreign currency rates with notional amounts of approximately $48.8 million. The Company uses foreign exchange contracts to mitigate the risk associated with fluctuations in currency rates impacting cash flows related to certain of its receivables, payables and intercompany transactions denominated in foreign currencies. The foreign exchange contracts primarily mitigate currency exposures between the U.S. dollar and the Euro, British pound and the Chinese yuan, and have various settlement dates through July 2020. These contracts are not designated as hedge instruments; therefore, gains and losses on these contracts are recognized each period directly into the consolidated statement of operations.

The following table summarizes the effects of derivatives not designated as hedging instruments on the Company's consolidated statement of operations (dollars in thousands):



		Amount of Income Recognized in Earnings on Derivatives
		Three months ended June 30,				Six months ended June 30,
	Location of Income Recognized in Earnings on Derivatives	2020		2019		2020		2019
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other income, net	$	550	$	220	$	480	$	220

Fair Value of Derivatives

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 cross-currency swaps and foreign exchange contracts use observable inputs such as interest rate yield curves and forward currency exchange rates. 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 June 30, 2020 and December 31, 2019 are shown below (dollars in thousands):



Description	Frequency	Asset / (Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
June 30, 2020
Cross-currency swaps	Recurring	$	7,580		$	—	$	7,580		$	—
Foreign exchange contracts	Recurring	$	180		$	—	$	180		$	—
December 31, 2019
Cross-currency swaps	Recurring	$	4,460		$	—	$	4,460		$	—
Foreign exchange contracts	Recurring	$	(770	)	$	—	$	(770	)	$	—

Leases Leases (Notes)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases

The Company leases certain equipment and facilities under non-cancelable operating leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet; expense related to these leases is recognized on a straight-line basis over the lease term.

The components of lease expense are as follows (dollars in thousands):



	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Operating lease cost	$	2,020	$	1,620	$	3,670	$	3,140
Short-term, variable and other lease costs	270		170		580		410
Total lease cost	$	2,290	$	1,790	$	4,250	$	3,550

Maturities of lease liabilities are as follows (dollars in thousands):



Year ended December 31,	Operating Leases^(a)
2020 (excluding the six months ended June 30, 2020)	$	3,880
2021	7,370
2022	6,590
2023	5,630
2024	4,320
Thereafter	13,560
Total lease payments	41,350
Less: Imputed interest	(5,540		)
Present value of lease liabilities	$	35,810

__________________________


^(a)	The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheet.

The weighted-average remaining lease term of the Company's operating leases as of June 30, 2020 is approximately 6.6 years. The weighted-average discount rate as of June 30, 2020 is approximately 4.7%.

Cash paid for amounts included in the measurement of operating lease liabilities was approximately $3.0 million and $3.2 million during the six months ended June 30, 2020 and 2019, respectively, and is included in cash flows provided by operating activities in the consolidated statement of cash flows.

Right-of-use assets obtained in exchange for lease liabilities were approximately $10.2 million, primarily due to the acquisitions of RSA and Rapak, and $0.9 million during the six months ended June 30, 2020 and 2019, respectively.

Other Long-term Liabilities Other Long-term Liabilities (Notes)

6 Months Ended

Jun. 30, 2020

Other Liabilities Disclosure [Abstract]

Other Liabilities Disclosure [Text Block]

Other long-term liabilities

Other long-term liabilities consist of the following components (dollars in thousands):



	June 30, 2020		December 31, 2019
Non-current asbestos-related liabilities	$	27,800	$	6,200
Other long-term liabilities	30,110		34,610
Total other long-term liabilities	$	57,910	$	40,810

Commitments and Contingencies

6 Months Ended

Jun. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Asbestos

As of June 30, 2020, the Company was a party to 352 pending cases involving an aggregate of 4,732 claims primarily alleging personal injury from exposure to asbestos containing materials formerly used in gaskets (both encapsulated and otherwise) manufactured or distributed by Lamons and certain other related subsidiaries for use primarily in the petrochemical, refining and exploration industries. The following chart summarizes the number of claims, number of claims filed, number of claims dismissed, number of claims settled, the average settlement amount per claim and the total defense costs, 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	Claims pending at end of period	Average settlement amount per claim during period		Total defense costs during period
Six Months Ended June 30, 2020	4,759	110	129	8	4,732	$	54,375	$	1,090,000
Fiscal Year Ended December 31, 2019	4,820	143	172	32	4,759	$	16,616	$	2,250,000

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, and will aggressively defend or reasonably resolve, as appropriate. 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 cost of claims varies as 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 4,732 claims pending at June 30, 2020, 55 set forth specific amounts of damages (other than those stating the statutory minimum or maximum). At June 30, 2020, of the 55 claims that set forth specific amounts, there were no claims seeking specific amounts for punitive damages. Below is a breakdown of the compensatory damages sought for those claims seeking specific amounts:

Relatively few 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 such cases, some of which were filed over 25 years ago, have been approximately $9.8 million. All relief sought in the asbestos cases is monetary in nature. 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.

There has been significant volatility in the historical number of claim filings and costs to defend, with previous claim counts and spend levels much higher than current levels. Management believes this volatility was associated more with tort reform, plaintiff practices and state-specific legal dockets than the Company’s underlying asbestos-related exposures. In the past 3 years, however, the number of new claim filings, and costs to defend, have become much more consistent, ranging between 143 to 173 new claims per year and total defense costs ranging between $2.2 million and $2.3 million.

The higher degree of consistency in census data and spend levels, as well as lower claim activity levels and an evolving defense strategy, has allowed the Company to more effectively and efficiently manage claims, making process or local counsel arrangement improvements where possible. Given the consistency of activity over a multi-year period, the Company believed a trend may have formed where it could be possible to reasonably estimate its future cash exposure for all asbestos-related activity with an adequate level of precision. As such, the Company commissioned an actuary to help evaluate the nature and predictability of its asbestos-related costs, and provide an actuarial range of estimates of future exposures. Based upon its review of the actuarial study, which was completed in June 2020 using data as of December 31, 2019 and which projected spend levels through a terminal year of 2064, the Company affirmed its belief that it now has the ability to reasonably estimate its future asbestos-related exposures for pending as well as unknown future claims.

During the three months ended June 30, 2020, the Company elected to change its method of accounting for asbestos-related defense costs from accruing for probable and reasonably estimable defense costs associated with known claims expected to settle to accrue for all future defense costs for both known and unknown claims, which the Company now believes are reasonably estimable. The Company believes this change is preferable, as asbestos-related defense costs represent expenditures related to legacy activities that do not contribute to current or future revenue generating activities, and recording an estimate of the full liability for asbestos-related costs, where estimable with reasonable precision, provides a more complete assessment of the liability associated with resolving asbestos-related claims.

This accounting change has been reflected as a change in accounting estimate effected by a change in accounting principle. In the three months ended June 30, 2020, the Company recorded a non-cash, pre-tax charge for asbestos-related costs of approximately $23.4 million, which is included in selling, general and administrative expenses in the accompanying consolidated statement of operations.

Following the change in accounting estimate, the Company’s liability for asbestos-related claims will be based on a study from the Company’s third-party actuary, the Company's review of the study, as well as the Company’s own review of asbestos claims and claim resolution activity. The study from the Company’s actuary, based on data as of December 31, 2019, provided for a range of possible future liability from $31.5 million to $43.3 million. The Company does not believe any amount within the range of potential outcomes represents a better estimate than another given the many factors and assumptions inherent in the projections. Therefore, the Company has recorded the liability at the low-end of the range. As of June 30, 2020, the Company’s total asbestos-related liability is $30.3 million, and is included in accrued liabilities and other long-term liabilities, respectively, in the accompanying consolidated balance sheet.

The Company’s primary insurance, which covered approximately 40% of historical costs related to settlement and defense of asbestos litigation, expired in November 2018, upon which the Company became solely responsible for defense costs and indemnity payments. The Company is party to a coverage-in-place agreement (entered into in 2006) with its first level excess carriers regarding the coverage to be provided to the Company for asbestos-related claims. The coverage-in-place agreement makes asbestos defense costs and indemnity insurance coverage available to the Company that might otherwise be disputed by the carriers and provides a methodology for the administration of such expenses. The Company will continue to be solely responsible for defense costs and indemnity payments prior to the commencement of coverage under this agreement, the duration of which would be subject to the scope of damage awards and settlements paid. Based upon the Company’s review of the actuarial study, the Company does not believe it is probable that it will reach the threshold of qualified future settlements required to commence excess carrier insurance coverage under the coverage-in-place agreement.

While the Company recorded a significant non-cash charge in the three months ended June 30, 2020 in connection with its change in accounting policy, 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 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

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Information

TriMas reports its operations in three reportable segments: Packaging, Aerospace, and Specialty Products. Each of these segments has discrete financial information that is regularly evaluated by TriMas' president and chief executive officer (chief operating decision maker) in determining resource, personnel and capital allocation, as well as assessing strategy and performance. The Company utilizes its proprietary TriMas Business Model as a standardized set of processes to manage and drive results and strategy across its multi-industry businesses.

Within each of the Company's 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 – The Packaging segment, which consists primarily of the Rieke^®, Taplast, Stolz and Rapak® brands, develops and manufactures a broad array of dispensing products (such as foaming pumps, lotion and hand soap pumps, sanitizer pumps, beverage dispensers, perfume sprayers, nasal sprayers and trigger sprayers), polymeric and steel caps and closures (such as food lids, flip-top closures, child resistance caps, drum and pail closures and flexible spouts), polymeric jar products, and fully integrated dispensers for fill-ready bag-in-box applications, all for a variety of consumer products submarkets including, but not limited to, beauty and personal care, home care, food and beverage, and pharmaceutical and nutraceutical, as well as the industrial market.

Aerospace – The Aerospace segment, which includes the Monogram Aerospace Fasteners^™, Allfast Fastening Systems^®, Mac Fasteners^™, RSA Engineered Products and Martinic Engineering^™ brands, develops, qualifies and manufactures highly-engineered, precision fasteners, tubular products and assemblies for fluid conveyance, and machined products and assemblies to serve the aerospace and defense market.

Specialty Products – The Specialty Products segment, which includes the Norris Cylinder^™ and Arrow^® Engine brands, designs, manufactures and distributes highly-engineered steel cylinders, wellhead engines and compression systems for use within industrial markets.

Segment activity is as follows (dollars in thousands):



	Three months ended June 30,						Six months ended June 30,
	2020			2019			2020			2019
Net Sales
Packaging	$	128,830		$	103,990		$	228,880		$	192,830
Aerospace	42,610			49,510			91,530			95,090
Specialty Products	28,110			37,330			61,930			76,280
Total	$	199,550		$	190,830		$	382,340		$	364,200
Operating Profit (Loss)
Packaging	$	24,040		$	22,640		$	42,320		$	40,280
Aerospace	(4,210		)	7,650			870			13,460
Specialty Products	(5,940		)	5,410			(2,510		)	10,110
Corporate	(32,040		)	(8,640		)	(39,000		)	(16,990		)
Total	$	(18,150	)	$	27,060		$	1,680		$	46,860

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 31
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Equity Awards

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Equity Awards

Stock Options

The Company did not grant any stock option awards during the six months ended June 30, 2020. Information related to stock options at June 30, 2020 is as follows:



	Number of Stock Options	Weighted Average Option Price		Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Outstanding at January 1, 2020	150,000	$	17.87
Granted	—	—
Exercised	—	—
Cancelled	—	—
Expired	—	—
Outstanding at June 30, 2020	150,000	$	17.87	6.1	$	912,000

As of June 30, 2020, 150,000 stock options outstanding were exercisable under the Company's long-term equity incentive plans. As of June 30, 2020, there was no unrecognized compensation cost related to stock options remaining.

The Company recognized no stock-based compensation expense related to stock options during the three and six months ended June 30, 2020 and approximately $0.1 million of stock-based compensation expense during the three and six months ended June 30, 2019. The stock-based compensation expense is included in selling, general and administrative expenses in the accompanying consolidated statement of operations.

Restricted Stock Units

The Company awarded the following restricted stock units ("RSUs") during the six months ended June 30, 2020:


•	granted 178,666 RSUs 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 31,816 RSUs to certain employees, which are subject only to a service condition and fully vest at the end of three years so long as the employee remains with the Company;


•	granted 2,558 RSUs to certain employees, which are subject only to a service condition and vest one year from the date of grant so long as the employee remains with the Company;


•	granted 30,590 RSUs 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 the director's service prior to the vesting date; and


•	issued 2,394 RSUs related to director fee deferrals during the six months ended June 30, 2020 as certain of the Company's directors 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 2020, the Company awarded 113,146 performance-based RSUs to certain Company key employees which vest three years from the grant date as long as the employee remains with the Company. These awards are earned 50% based upon the Company's achievement of an earnings per share compound annual growth rate ("EPS CAGR") metric over a period beginning January 1, 2020 and ending December 31, 2022. The remaining 50% of the awards are earned 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 the performance period. 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. The Company estimates the grant-date fair value subject to a market condition using a Monte Carlo simulation model, using the following weighted average assumptions: risk-free rate of 0.56% and annualized volatility of 26.2%. Depending on the performance achieved for these two metrics, the amount of shares earned, if any, can vary for each metric from 0% of the target award to a maximum of 200% of the target award.

In addition, the Company awarded 87,034 performance-based RSUs to certain Company key divisional employees which vest three years from the grant date as long as the employee remains with the Company. These awards are earned based upon the Company's stock price performance over the period from January 1, 2020 and ending December 31, 2022. The stock price achievement is calculated based on the Company's average closing stock price for each quarter end for the 20 trading days up to and including March 31, June 30, September 30, and December 31, 2022, respectively. The Company estimates the grant-date fair value subject to a market condition using a Monte Carlo simulation model, using the following weighted average assumptions: risk-free rate of 0.85% and annualized volatility of 25.2%. Depending on the performance achieved for this metric, the amount of shares earned if any, can vary from 0% of the target award to a maximum of 160% of the target award, although it automatically is earned at the target award level if the Company's stock price is equal to or greater than a specified stock price for either five consecutive trading days or 20 total trading days during the performance period.

During 2017, the Company awarded performance-based RSUs to certain Company key employees which were earned based upon the Company's TSR relative to the TSR of the common stock of a pre-defined industry peer-group and measured over a period beginning January 1, 2017 and ending on December 31, 2019. Depending on the performance achieved, the amount of shares earned could vary from 0% of the target award to a maximum of 200% of the target award. The Company attained 127.4% of the target, resulting in an increase of 27,567 shares during the six months ended June 30, 2020.

Information related to RSUs at June 30, 2020 is as follows:



	Number of Unvested RSUs		Weighted Average Grant Date Fair Value		Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Outstanding at January 1, 2020	622,528		$	30.77
Granted	473,771		21.37
Vested	(297,203	)	27.91
Cancelled	(9,583	)	29.59
Outstanding at June 30, 2020	789,513		$	26.51	1.7	$	18,908,836

As of June 30, 2020, there was approximately $12.2 million of unrecognized compensation cost related to unvested RSUs that is expected to be recorded over a weighted average period of 2.3 years.

The Company recognized stock-based compensation expense related to RSUs of approximately $2.7 million and $1.6 million during the three months ended June 30, 2020 and 2019, respectively and approximately $4.7 million and $2.9 million during the six months ended June 30, 2020 and 2019, respectively. The stock-based compensation expense is included in selling, general and administrative expenses in the accompanying consolidated statement of operations.

Earnings per Share

6 Months Ended

Jun. 30, 2020

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 RSUs. For the three and six months ended June 30, 2020, no restricted shares or options to purchase shares were included in the computation of net income (loss) per share because to do so would be anti-dilutive. The following table summarizes the dilutive effect of RSUs and options to purchase common stock for the three and six months ended June 30, 2020 and 2019:



	Three months ended June 30,		Six months ended June 30,
	2020	2019	2020	2019
Weighted average common shares—basic	43,463,235	45,592,075	43,832,144	45,585,445
Dilutive effect of restricted stock units	—	174,571	—	253,796
Dilutive effect of stock options	—	61,669	—	71,008
Weighted average common shares—diluted	43,463,235	45,828,315	43,832,144	45,910,249

In March 2020, the Company announced its Board of Directors had authorized the Company to increase the purchase of its common stock up to $250 million in the aggregate. The initial authorization, approved in November 2015, authorized up to $50 million in the aggregate of its common stock. The Company purchased no shares during the three months ended June 30, 2020 and 1,253,650 shares of its outstanding common stock for approximately $31.6 million during the six months ended June 30, 2020. During the three and six months ended June 30, 2019, the Company purchased 502,500 and 527,400 shares of its outstanding common stock for approximately $14.7 million and $15.4 million, respectively.

Defined Benefit Plans

6 Months Ended

Jun. 30, 2020

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Defined Benefit Plans

Net periodic pension benefit costs for the Company's defined benefit pension plans cover certain foreign employees, union hourly employees and salaried employees. The components of net periodic pension cost are as follows (dollars in thousands):



	Pension Plans
	Three months ended June 30,						Six months ended June 30,
	2020			2019			2020			2019
Service costs	$	310		$	260		$	630		$	520
Interest costs	230			270			470			540
Expected return on plan assets	(360		)	(350		)	(730		)	(700		)
Amortization of net loss	230			150			450			290
Net periodic benefit cost	$	410		$	330		$	820		$	650

The service cost component of net periodic benefit cost is recorded in cost of goods sold and selling, general and administrative expenses, while non-service cost components are recorded in other income (expense), net in the accompanying consolidated statement of operations.

The Company contributed approximately $0.3 million and $0.7 million to its defined benefit pension plans during the three and six months ended June 30, 2020. The Company expects to contribute approximately $1.1 million to its defined benefit pension plans for the full year 2020

- Definition

The entire disclosure for retirement benefits.

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+ Details

Other Comprehensive Income (Loss) Other Comprehensive Income (Loss) (Notes)

6 Months Ended

Jun. 30, 2020

Other Comprehensive Income [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Other Comprehensive Income (Loss)

Changes in AOCI by component for the six months ended June 30, 2020 are summarized as follows, net of tax (dollars in thousands):



	Defined Benefit Plans			Derivative Instruments		Foreign Currency Translation			Total
Balance, December 31, 2019	$	(9,930	)	$	4,230	$	(300	)	$	(6,000	)
Net unrealized gains (losses) arising during the period ^(a)	—			2,300		(6,950		)	(4,650		)
Less: Net realized losses reclassified to net income ^(b)	(310		)	—		—			(310		)
Net current-period other comprehensive income (loss)	310			2,300		(6,950		)	(4,340		)
Balance, June 30, 2020	$	(9,620	)	$	6,530	$	(7,250	)	$	(10,340	)

__________________________


^(a)	Derivative instruments, net of income tax of approximately $0.8 million. See Note 11, "Derivative Instruments," for further details.


^(b)	Defined benefit plans, net of income tax of approximately $0.1 million. See Note 18, "Defined Benefit Plans," for further details.

Changes in AOCI by component for the six months ended June 30, 2019 are summarized as follows, net of tax (dollars in thousands):



	Defined Benefit Plans			Derivative Instruments			Foreign Currency Translation			Total
Balance, December 31, 2018	$	(7,200	)	$	940		$	(10,590	)	$	(16,850	)
Net unrealized gains arising during the period ^(a)	—			1,490			(200		)	1,290
Less: Net realized losses reclassified to net income ^(b)	(200		)	—			—			(200		)
Net current-period other comprehensive income (loss)	200			1,490			(200		)	1,490
Reclassification of stranded tax effects	(1,260		)	(10		)	—			(1,270		)
Balance, June 30, 2019	$	(8,260	)	$	2,420		$	(10,790	)	$	(16,630	)

__________________________


^(a)	Derivative instruments, net of income tax of approximately $0.5 million. See Note 11, "Derivative Instruments," for further details.

^(b)

Defined benefit plans, net of income tax of approximately $0.1 million. See Note 18, "Defined Benefit Plans," for further details.

Subsequent Event Subsequent Events (Notes)	6 Months Ended
Subsequent Event Subsequent Events (Notes)	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events [Text Block]	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Subsequent Events</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On April 17, 2020, the Company paid approximately $11.4 million to complete the previously announced acquisition of certain bag-in-box product lines, related assets and the tradename Rapak® (collectively "Rapak") from Liqui-Box. Rapak generated approximately $30 million in net sales in 2019 and will be reported in TriMas' Packaging segment.</font></div></div>

Discontinued Operations Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

Results of discontinued operations are summarized as follows (dollars in thousands):



	Three months ended June 30,			Six months ended June 30,
	2019			2019
Net sales	$	48,540		$	96,460
Cost of sales	(36,980		)	(71,870		)
Gross profit	11,560			24,590
Selling, general and administrative expenses	(7,510		)	(14,490		)
Operating profit	4,050			10,100
Other income, net	130			20
Income from discontinued operations, before income taxes	4,180			10,120
Income tax expense	(880		)	(2,280		)
Income from discontinued operations, net of tax	$	3,300		$	7,840

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Revenue Revenue (Tables)

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents the Company’s disaggregated net sales by primary market served (dollars in thousands):



	Three months ended June 30,				Six months ended June 30,
Customer Markets	2020		2019		2020		2019
Consumer Products	$	104,530	$	82,060	$	183,590	$	149,980
Aerospace & Defense	42,610		49,510		91,530		95,090
Industrial	52,410		59,260		107,220		119,130
Total net sales	$	199,550	$	190,830	$	382,340	$	364,200

Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill for the six months ended June 30, 2020 are summarized as follows (dollars in thousands):



	Packaging			Aerospace		Specialty Products			Total
Balance, December 31, 2019	$	181,650		$	133,690	$	19,300		$	334,640
Goodwill from acquisitions	—			43,260		—			43,260
Goodwill reassigned in segment realignment	—			12,740		(12,740		)	—
Foreign currency translation and other	(1,580		)	—		—			(1,580		)
Balance, June 30, 2020	$	180,070		$	189,690	$	6,560		$	376,320

Schedule of Intangible Assets (excluding Goodwill) by Major Class



	As of June 30, 2020					As of December 31, 2019
Intangible Category by Useful Life	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Customer relationships, 5 – 12 years	$	100,160	$	(54,200	)	$	73,860	$	(49,910	)
Customer relationships, 15 – 25 years	122,280		(59,230		)	122,280		(56,010		)
Total customer relationships	222,440		(113,430		)	196,140		(105,920		)
Technology and other, 1 – 15 years	54,100		(31,240		)	52,430		(29,790		)
Technology and other, 17 – 30 years	43,300		(38,620		)	43,300		(37,620		)
Total technology and other	97,400		(69,860		)	95,730		(67,410		)
Indefinite-lived intangible assets:
Trademark/Trade names	51,620		—			42,850		—
Total other intangible assets	$	371,460	$	(183,290	)	$	334,720	$	(173,330	)

Schedule of Finite-Lived Intangible Assets, Amortization Expense

Amortization expense related to intangible assets as included in the accompanying consolidated statement of operations is summarized as follows (dollars in thousands):



	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Technology and other, included in cost of sales	$	1,260	$	1,200	$	2,470	$	2,400
Customer relationships, included in selling, general and administrative expenses	4,040		3,550		7,680		6,980
Total amortization expense	$	5,300	$	4,750	$	10,150	$	9,380

Inventories (Tables)

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Schedule of Inventory, Current

Inventories consist of the following components (dollars in thousands):



	June 30, 2020		December 31, 2019
Finished goods	$	73,320	$	68,350
Work in process	30,670		30,560
Raw materials	36,900		33,750
Total inventories	$	140,890	$	132,660

Property and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consists of the following components (dollars in thousands):



	June 30, 2020		December 31, 2019
Land and land improvements	$	19,560	$	19,110
Buildings	85,820		84,880
Machinery and equipment	329,120		326,990
	434,500		430,980
Less: Accumulated depreciation	223,540		216,650
Property and equipment, net	$	210,960	$	214,330

Depreciation Expense

Depreciation expense as included in the accompanying consolidated statement of operations is as follows (dollars in thousands):



	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Depreciation expense, included in cost of sales	$	7,830	$	6,010	$	14,190	$	11,440
Depreciation expense, included in selling, general and administrative expenses	280		290		580		550
Total depreciation expense	$	8,110	$	6,300	$	14,770	$	11,990

Long-term Debt Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt

The Company's long-term debt consists of the following (dollars in thousands):



	June 30, 2020			December 31, 2019
4.875% Senior Notes due October 2025	$	300,000		$	300,000
Debt issuance costs	(4,740		)	(5,310		)
Long-term debt, net	$	295,260		$	294,690

The carrying amounts and fair values were as follows (dollars in thousands):



	June 30, 2020				December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	300,000	$	300,000	$	300,000	$	309,000

Debt Instrument Redemption [Table Text Block]

On or after October 15, 2020, the Company may redeem all or part of the Senior Notes at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, to the redemption date, if redeemed during the twelve-month period beginning on October 15 of the years indicated below:



Year	Percentage
2020	102.438	%
2021	101.219	%
2022 and thereafter	100.000	%

Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

As of June 30, 2020 and December 31, 2019, the fair value carrying amount of the Company's derivative instruments are recorded as follows (dollars in thousands):



		Asset / (Liability) Derivatives
Derivatives designated as hedging instruments	Balance Sheet Caption	June 30, 2020		December 31, 2019
Net Investment Hedges
Cross-currency swaps	Other assets	$	7,580	$	4,460

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance



	Amount of Income Recognized in AOCI on Derivative (Effective Portion, net of tax)					Amount of Income (Loss) Reclassified from AOCI into Earnings
						Three months ended June 30,				Six months ended June 30,
	As of June 30, 2020		As of December 31, 2019		Location of Income (Loss) Reclassified from AOCI into Earnings (Effective Portion)	2020		2019		2020		2019
Net Investment Hedges
Cross-currency swaps	$	6,530	$	4,230	Other income, net	$	—	$	—	$	—	$	—

Derivatives Not Designated as Hedging Instruments

The following table summarizes the effects of derivatives not designated as hedging instruments on the Company's consolidated statement of operations (dollars in thousands):



		Amount of Income Recognized in Earnings on Derivatives
		Three months ended June 30,				Six months ended June 30,
	Location of Income Recognized in Earnings on Derivatives	2020		2019		2020		2019
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other income, net	$	550	$	220	$	480	$	220

Fair Value Measurements, Recurring and Nonrecurring

air 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 June 30, 2020 and December 31, 2019 are shown below (dollars in thousands):



Description	Frequency	Asset / (Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
June 30, 2020
Cross-currency swaps	Recurring	$	7,580		$	—	$	7,580		$	—
Foreign exchange contracts	Recurring	$	180		$	—	$	180		$	—
December 31, 2019
Cross-currency swaps	Recurring	$	4,460		$	—	$	4,460		$	—
Foreign exchange contracts	Recurring	$	(770	)	$	—	$	(770	)	$	—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Leases Leases (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Lease, Cost [Table Text Block]

The components of lease expense are as follows (dollars in thousands):



	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Operating lease cost	$	2,020	$	1,620	$	3,670	$	3,140
Short-term, variable and other lease costs	270		170		580		410
Total lease cost	$	2,290	$	1,790	$	4,250	$	3,550

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Maturities of lease liabilities are as follows (dollars in thousands):



Year ended December 31,	Operating Leases^(a)
2020 (excluding the six months ended June 30, 2020)	$	3,880
2021	7,370
2022	6,590
2023	5,630
2024	4,320
Thereafter	13,560
Total lease payments	41,350
Less: Imputed interest	(5,540		)
Present value of lease liabilities	$	35,810

__________________________

^(a)

The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheet.

Other Long-term Liabilities Other Long-term Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Other Liabilities Disclosure [Abstract]

Other Noncurrent Liabilities [Table Text Block]

Other long-term liabilities consist of the following components (dollars in thousands):



	June 30, 2020		December 31, 2019
Non-current asbestos-related liabilities	$	27,800	$	6,200
Other long-term liabilities	30,110		34,610
Total other long-term liabilities	$	57,910	$	40,810

Commitments and Contingencies Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Loss Contingencies by Contingency



	Claims pending at beginning of period	Claims filed during period	Claims dismissed during period	Claims settled during period	Claims pending at end of period	Average settlement amount per claim during period		Total defense costs during period
Six Months Ended June 30, 2020	4,759	110	129	8	4,732	$	54,375	$	1,090,000
Fiscal Year Ended December 31, 2019	4,820	143	172	32	4,759	$	16,616	$	2,250,000

Schedule of Damages Sought for Specific Claims [Table Text Block]

Below is a breakdown of the compensatory damages sought for those claims seeking specific amounts:

- Definition

Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date.

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+ Details

Segment Information Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment activity is as follows (dollars in thousands):



	Three months ended June 30,						Six months ended June 30,
	2020			2019			2020			2019
Net Sales
Packaging	$	128,830		$	103,990		$	228,880		$	192,830
Aerospace	42,610			49,510			91,530			95,090
Specialty Products	28,110			37,330			61,930			76,280
Total	$	199,550		$	190,830		$	382,340		$	364,200
Operating Profit (Loss)
Packaging	$	24,040		$	22,640		$	42,320		$	40,280
Aerospace	(4,210		)	7,650			870			13,460
Specialty Products	(5,940		)	5,410			(2,510		)	10,110
Corporate	(32,040		)	(8,640		)	(39,000		)	(16,990		)
Total	$	(18,150	)	$	27,060		$	1,680		$	46,860

Equity Awards (Tables)

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity

Information related to stock options at June 30, 2020 is as follows:



	Number of Stock Options	Weighted Average Option Price		Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Outstanding at January 1, 2020	150,000	$	17.87
Granted	—	—
Exercised	—	—
Cancelled	—	—
Expired	—	—
Outstanding at June 30, 2020	150,000	$	17.87	6.1	$	912,000

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

Information related to RSUs at June 30, 2020 is as follows:



	Number of Unvested RSUs		Weighted Average Grant Date Fair Value		Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Outstanding at January 1, 2020	622,528		$	30.77
Granted	473,771		21.37
Vested	(297,203	)	27.91
Cancelled	(9,583	)	29.59
Outstanding at June 30, 2020	789,513		$	26.51	1.7	$	18,908,836

Earnings per Share Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]

Schedule of Weighted Average Number of Shares [Table Text Block]

The following table summarizes the dilutive effect of RSUs and options to purchase common stock for the three and six months ended June 30, 2020 and 2019:



	Three months ended June 30,		Six months ended June 30,
	2020	2019	2020	2019
Weighted average common shares—basic	43,463,235	45,592,075	43,832,144	45,585,445
Dilutive effect of restricted stock units	—	174,571	—	253,796
Dilutive effect of stock options	—	61,669	—	71,008
Weighted average common shares—diluted	43,463,235	45,828,315	43,832,144	45,910,249

Defined Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2020

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule of Costs of Retirement Plans

The components of net periodic pension cost are as follows (dollars in thousands):



	Pension Plans
	Three months ended June 30,						Six months ended June 30,
	2020			2019			2020			2019
Service costs	$	310		$	260		$	630		$	520
Interest costs	230			270			470			540
Expected return on plan assets	(360		)	(350		)	(730		)	(700		)
Amortization of net loss	230			150			450			290
Net periodic benefit cost	$	410		$	330		$	820		$	650

Other Comprehensive Income (Loss) Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2020

Jun. 30, 2019

Other Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Changes in AOCI by component for the six months ended June 30, 2020 are summarized as follows, net of tax (dollars in thousands):



	Defined Benefit Plans			Derivative Instruments		Foreign Currency Translation			Total
Balance, December 31, 2019	$	(9,930	)	$	4,230	$	(300	)	$	(6,000	)
Net unrealized gains (losses) arising during the period ^(a)	—			2,300		(6,950		)	(4,650		)
Less: Net realized losses reclassified to net income ^(b)	(310		)	—		—			(310		)
Net current-period other comprehensive income (loss)	310			2,300		(6,950		)	(4,340		)
Balance, June 30, 2020	$	(9,620	)	$	6,530	$	(7,250	)	$	(10,340	)

__________________________


^(a)	Derivative instruments, net of income tax of approximately $0.8 million. See Note 11, "Derivative Instruments," for further details.


^(b)	Defined benefit plans, net of income tax of approximately $0.1 million. See Note 18, "Defined Benefit Plans," for further details.

Changes in AOCI by component for the six months ended June 30, 2019 are summarized as follows, net of tax (dollars in thousands):



	Defined Benefit Plans			Derivative Instruments			Foreign Currency Translation			Total
Balance, December 31, 2018	$	(7,200	)	$	940		$	(10,590	)	$	(16,850	)
Net unrealized gains arising during the period ^(a)	—			1,490			(200		)	1,290
Less: Net realized losses reclassified to net income ^(b)	(200		)	—			—			(200		)
Net current-period other comprehensive income (loss)	200			1,490			(200		)	1,490
Reclassification of stranded tax effects	(1,260		)	(10		)	—			(1,270		)
Balance, June 30, 2019	$	(8,260	)	$	2,420		$	(10,790	)	$	(16,630	)

__________________________

^(a)

Derivative instruments, net of income tax of approximately $0.5 million. See Note 11, "Derivative Instruments," for further details.

Basis of Presentation Sale of Lamons Division (Details) $ in Millions	Dec. 20, 2019 USD ($)
Lamons Division [Member] \| Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price based on definitive sales agreement	$ 135

Discontinued Operations Sale of Lamons Narrative (Details) - Lamons Division [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 20, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds on finalization of sale of business	$ 1.8
Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase price based on definitive sales agreement		$ 135.0

Discontinued Operations Results of Discontinued Operations (Details) - Discontinued Operations, Disposed of by Sale [Member] - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Revenue	$ 48,540	$ 96,460
Disposal Group, Including Discontinued Operation, Costs of Goods Sold	(36,980)	(71,870)
Disposal Group, Including Discontinued Operation, Gross Profit (Loss)	11,560	24,590
Disposal Group, Including Discontinued Operations, SG&A	(7,510)	(14,490)
Disposal Group, Including Discontinued Operation, Operating Income (Loss)	4,050	10,100
Disposal Group, Including Discontinued Operation, Other Expense	130	20
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	4,180	10,120
Discontinued Operation, Tax Effect of Discontinued Operation	(880)	(2,280)
Income from discontinued operations	$ 3,300	$ 7,840

Revenue Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Revenue Revenue (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 199,550	$ 190,830	$ 382,340	$ 364,200
Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	104,530	82,060	183,590	149,980
Aerospace [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	42,610	49,510	91,530	95,090
Industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 52,410	$ 59,260	$ 107,220	$ 119,130

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Realignment Actions Realignment Actions (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019
Realignment Costs [Line Items]
Inventory Write-down	$ 13,200
Loss on dispositions of assets	2,200	$ 1,010	$ 30
Severance Costs	3,100
Cash paid for severance	1,900
Cost of Sales [Member]
Realignment Costs [Line Items]
Realignment costs	16,000
Selling, General and Administrative Expenses [Member]
Realignment Costs [Line Items]
Realignment costs	$ 2,500

Acquisitions - Other Acquisitions (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Feb. 27, 2020
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired					$ 95,160	$ 67,030
Net sales	$ 199,550		$ 190,830		382,340	364,200
Non-cash purchase accounting related expenses			200			1,200
Rapak [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	11,400
Net sales							$ 30,000
RSA Engineered Products [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 83,700
Business Combinations, Assets Acquired and Liabilities Assumed, Goodwill and Intangible Assets									$ 80,200
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Net Working Capital									10,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment									2,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities									$ 8,700
Net sales							$ 30,000
Taplast S.p.A. [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			44,700
Net sales								$ 32,000
Plastic Srl [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired				$ 22,400
Net sales								$ 12,000
Selling, General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Non-cash purchase accounting related expenses			900
Cost of Sales [Member]
Business Acquisition [Line Items]
Non-cash purchase accounting related expenses	$ 2,300		$ 200		$ 2,800	$ 300

Goodwill and Other Intangible Assets Goodwill Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill	$ 376,320	$ 334,640
Machined Products Reporting Unit [Member]
Goodwill [Line Items]
Goodwill	$ 12,700

Goodwill and Other Intangible Assets Goodwill Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020 USD ($)
Goodwill [Roll Forward]
Balance, beginning	$ 334,640
Goodwill, Acquired During Period	43,260
Goodwill reassigned between segments	0
Translation and purchase accounting adjustments	(1,580)
Balance, ending	376,320
Packaging [Member]
Goodwill [Roll Forward]
Balance, beginning	181,650
Goodwill, Acquired During Period	0
Goodwill reassigned between segments	0
Translation and purchase accounting adjustments	(1,580)
Balance, ending	180,070
Aerospace [Member]
Goodwill [Roll Forward]
Balance, beginning	133,690
Goodwill, Acquired During Period	43,260
Goodwill reassigned between segments	12,740
Translation and purchase accounting adjustments	0
Balance, ending	189,690
Specialty Products [Member]
Goodwill [Roll Forward]
Balance, beginning	19,300
Goodwill, Acquired During Period	0
Goodwill reassigned between segments	(12,740)
Translation and purchase accounting adjustments	0
Balance, ending	$ 6,560

Goodwill and Other Intangible Assets Schedule of Intangible Assets (excluding Goodwill) by Major Class (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, accumulated amortization	$ (183,290)	$ (173,330)
Intangible Assets, Gross (Excluding Goodwill)	371,460	334,720
Trademarks and Trade Names [Member]
Intangible Assets, excluding Goodwill [Line Items]
Indefinite-lived intangible assets, gross carrying amount	51,620	42,850
Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	222,440	196,140
Finite-lived intangible assets, accumulated amortization	(113,430)	(105,920)
Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	97,400	95,730
Finite-lived intangible assets, accumulated amortization	(69,860)	(67,410)
Useful Life Five to Twelve Years [Member] \| Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	100,160	73,860
Finite-lived intangible assets, accumulated amortization	(54,200)	(49,910)
Useful Life Fifteen to Twentyfive Years [Member] \| Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	122,280	122,280
Finite-lived intangible assets, accumulated amortization	(59,230)	(56,010)
Useful Life One to Fifteen Years [Member] \| Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	54,100	52,430
Finite-lived intangible assets, accumulated amortization	(31,240)	(29,790)
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	$ (38,620)	$ (37,620)
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 Intangible Assets Schedule of Finite-Lived Intangible Assets, Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 5,300	$ 4,750	$ 10,150	$ 9,380
Cost of Sales [Member] \| Technology and Other [Member]
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	1,260	1,200	2,470	2,400
Selling, General and Administrative Expenses [Member] \| Customer Relationships [Member]
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 4,040	$ 3,550	$ 7,680	$ 6,980

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Finished goods	$ 73,320	$ 68,350
Work in process	30,670	30,560
Raw materials	36,900	33,750
Total inventories	$ 140,890	$ 132,660

Property and Equipment, Net - Property and Equipment Table (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 434,500	$ 430,980
Less: Accumulated depreciation	223,540	216,650
Property and equipment, net	210,960	214,330
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	19,560	19,110
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	85,820	84,880
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 329,120	$ 326,990

Property and Equipment, Net - Depreciation Expense Table (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Depreciation Expense [Line Items]
Depreciation expense			$ 14,770	$ 11,990
Continuing Operations [Member]
Depreciation Expense [Line Items]
Depreciation expense	$ 8,110	$ 6,300	14,770	11,990
Cost of Sales [Member] \| Continuing Operations [Member]
Depreciation Expense [Line Items]
Depreciation expense	7,830	6,010	14,190	11,440
Selling, General and Administrative Expenses [Member] \| Continuing Operations [Member]
Depreciation Expense [Line Items]
Depreciation expense	$ 280	$ 290	$ 580	$ 550

Long-term Debt - Debt Table (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Deferred Finance Costs, Net	$ (4,740)	$ (5,310)
Long-term debt, net	295,260	294,690
Senior Notes [Member]
Debt Instrument [Line Items]
Debt	$ 300,000	$ 300,000

Long-term Debt - Senior Notes (Details) - Senior Notes [Member] - 4.875% Senior Unsecured Notes Due 2025 [Member] $ in Millions	6 Months Ended
	Jun. 30, 2020 USD ($)
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 300.0
Debt Instrument, Interest Rate, Stated Percentage	4.875%
Debt Instrument, Maturity Date	Oct. 15, 2025
Debt Instrument, Date of First Required Payment	Apr. 15, 2018
Prior to October 15, 2020 [Member]
Debt Instrument [Line Items]
Percentage of principal that can be redeemed with cash from proceeds of an equity offering	35.00%
Debt instrument redemption price with net proceeds from equity offering	104.875%
Debt Instrument, Redemption Price, Percentage	100.00%
October 15, 2020 to October 14, 2021 [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	102.438%
October 15, 2021 to October 14, 2022 [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	101.219%
October 15, 2022 and thereafter [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage	100.00%

Long-term Debt - Credit Agreement (Details) $ in Millions	6 Months Ended
Long-term Debt - Credit Agreement (Details) $ in Millions	Jun. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Debt Instrument [Line Items]
Net leverage ratio	3.00
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 300.0
Debt Instrument, Maturity Date	Sep. 20, 2022
Debt Instrument, Basis Spread on Variable Rate	1.50%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving Credit Facility, Capacity Available for Foreign Revolver Loans	$ 125.0
Line of Credit Facility, Maximum Borrowing Capacity	300.0
Revolving Credit Facility, Amount Outstanding	0.0	$ 150.0	$ 0.0
Revolving Credit Facility, Remaining Borrowing Capacity	284.1		283.9
Letters of credit [Member]
Debt Instrument [Line Items]
Letters of Credit, Maximum Borrowing Capacity	40.0
Letters of Credit Outstanding, Amount	15.9		$ 16.1
Revolving credit and term loan facilities [Member]
Debt Instrument [Line Items]
Incremental debt commitments capacity	$ 200.0

Long-term Debt - Fair Value (Details) - Senior Notes [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Debt	$ 300,000	$ 300,000
Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	$ 300,000	$ 309,000

Derivative Instruments - Derivative Narrative (Details) - Designated as Hedging Instrument [Member] - Cross Currency Interest Rate Contract [Member] - Net Investment Hedging [Member] $ in Millions	3 Months Ended
	Jun. 30, 2020 USD ($)
Derivative [Line Items]
Maximum Remaining Maturity of Foreign Currency Derivatives	5 years
Derivative, Fixed Interest Rate	2.90%
Maximum [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 125.0
Minimum [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 75.0

Derivative Instruments - Designated as hedging, Financial Position (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Net Investment Hedging [Member] \| Cross Currency Interest Rate Contract [Member] \| Designated as Hedging Instrument [Member] \| Other Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 7,580	$ 4,460

Derivative Instruments - Designated as hedging, Financial Performance (Details) - Net Investment Hedging [Member] - Designated as Hedging Instrument [Member] - Cross Currency Interest Rate Contract [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
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	$ 6,530		$ 6,530		$ 4,230
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 0	$ 0	$ 0	$ 0

Derivative Instruments - Designated as hedging, Financial Performance Narrative (Details) - Designated as Hedging Instrument [Member] $ in Millions	6 Months Ended
	Jun. 30, 2020 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassification from AOCI into Earnings, Estimate of Time to Transfer	12 months
Amount of gain (loss) expected to be reclassified from AOCI into Earnings	$ 0.0

Derivative Instruments - Derivatives not designated as hedging instruments (Details) - Not Designated as Hedging Instrument [Member] - Foreign Exchange Contract [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative [Line Items]
Derivative, Notional Amount	$ 48,800		$ 48,800
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	$ 550	$ 220	$ 480	$ 220

Derivative Instruments - Fair Value Measurements (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Cross Currency Interest Rate Contract [Member] \| Net Investment Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments in Hedges, at Fair Value, Net	$ 7,580	$ 4,460
Cross Currency Interest Rate Contract [Member] \| Net Investment Hedging [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments in Hedges, at Fair Value, Net	0	0
Cross Currency Interest Rate Contract [Member] \| Net Investment Hedging [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments in Hedges, at Fair Value, Net	7,580	4,460
Cross Currency Interest Rate Contract [Member] \| Net Investment Hedging [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments in Hedges, at Fair Value, Net	0	0
Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Derivatives Not Designated as Hedging Instruments at Fair Value, Net	180	(770)
Foreign Exchange Contract [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Derivatives Not Designated as Hedging Instruments at Fair Value, Net	0	0
Foreign Exchange Contract [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Derivatives Not Designated as Hedging Instruments at Fair Value, Net	180	(770)
Foreign Exchange Contract [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Derivatives Not Designated as Hedging Instruments at Fair Value, Net	$ 0	$ 0

Leases Lease Cost Table (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases Lease Cost Table (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating Lease, Cost	$ 2,020	$ 1,620	$ 3,670	$ 3,140
Short-term, variable and other lease costs	270	170	580	410
Lease, Cost	$ 2,290	$ 1,790	$ 4,250	$ 3,550

Leases Operating Lease Liability Maturity Table (Details)
$ in Thousands

Jun. 30, 2020

USD ($)

^[1]

Leases [Abstract]

Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year

$ 3,880

Lessee, Operating Lease, Liability, to be Paid, Year Two

7,370

Lessee, Operating Lease, Liability, to be Paid, Year Three

6,590

Lessee, Operating Lease, Liability, to be Paid, Year Four

5,630

Lessee, Operating Lease, Liability, to be Paid, Year Five

4,320

Lessee, Operating Lease, Liability, to be Paid, after Year Five

13,560

Lessee, Operating Lease, Liability, to be Paid

41,350

Lessee, Operating Lease, Liability, Undiscounted Excess Amount

(5,540)

Operating Lease, Liability

$ 35,810

[1]	^(a) The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheet.

Leases Supplemental Balance Sheet Information Related to Leases (Details)	Jun. 30, 2020 Rate
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	6 years 7 months 6 days
Operating Lease, Weighted Average Discount Rate, Percent	4.70%

Leases Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating Lease, Payments	$ 3.0	$ 3.2
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 10.2	$ 0.9

Other Long-term Liabilities Other Long-term Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Asbestos-related liability noncurrent	$ 27,800	$ 6,200
Other long-term liabilities other than asbestos liability	30,110	34,610
Other Liabilities, Noncurrent	$ 57,910	$ 40,810

Commitments and Contingencies Asbestos Narrative (Details) - Asbestos [Member]	3 Months Ended	6 Months Ended	12 Months Ended	30 Months Ended	351 Months Ended
	Jun. 30, 2020 USD ($) claimants cases	Jun. 30, 2020 USD ($) claimants cases	Dec. 31, 2018 USD ($) claimants	Jun. 30, 2020 USD ($) claimants cases	Mar. 31, 2020 USD ($)	Dec. 31, 2019 USD ($) claimants
Loss Contingencies [Line Items]
Liabilities Subject to Compromise, Asbestos Obligations	$ 30,300,000	$ 30,300,000		$ 30,300,000
Loss Contingency, Pending Cases, Number \| cases	352	352		352
Loss Contingency, Pending Claims, Number \| claimants	4,732	4,732	4,820	4,732		4,759
Total settlement costs					$ 9,800,000
Loss Contingency, New Claims Filed, Number \| claimants		110	143
Percentage of settlement and defense costs covered by insurance					40.00%
Legal Fees		$ 1,090,000	$ 2,250,000
Minimum [Member]
Loss Contingencies [Line Items]
Liabilities Subject to Compromise, Asbestos Obligations						$ 31,500,000
Loss Contingency, New Claims Filed, Number \| claimants				143
Legal Fees				$ 2,200,000
Maximum [Member]
Loss Contingencies [Line Items]
Liabilities Subject to Compromise, Asbestos Obligations						$ 43,300,000
Loss Contingency, New Claims Filed, Number \| claimants				173
Legal Fees				$ 2,300,000
Compensatory Only Damages [Member] \| Pending Litigation [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages \| claimants	55	55		55
Selling, General and Administrative Expenses [Member]
Loss Contingencies [Line Items]
Impact of change in accounting principle	$ 23,400,000

Commitments and Contingencies Asbestos Claimant and Settlement (Details) - Asbestos [Member]	6 Months Ended	12 Months Ended
	Jun. 30, 2020 USD ($) claimants	Dec. 31, 2018 USD ($) claimants	Dec. 31, 2019 claimants
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number	4,732	4,820	4,759
Loss Contingency, New Claims Filed, Number	110	143
Loss Contingency, Claims Dismissed, Number	129	172
Loss Contingency, Claims Settled, Number	8	32
Average settlement amount per claim during period \| $	$ 54,375	$ 16,616
Legal Fees \| $	$ 1,090,000	$ 2,250,000

Commitments and Contingencies Asbestos Damages Sought (Details) - Asbestos [Member] $ in Millions	6 Months Ended
	Jun. 30, 2020 USD ($) claimants
Compensatory and Punitive Damages [Member] \| Range 1 [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 0.0
Compensatory and Punitive Damages [Member] \| Range 1 [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0.6
Compensatory and Punitive Damages [Member] \| Range 2 [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0.6
Compensatory and Punitive Damages [Member] \| Range 2 [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5.0
Compensatory and Punitive Damages [Member] \| Range 3 [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5.0
Compensatory Only Damages [Member] \| Range 1 [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0.0
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	5.0
Compensatory Only Damages [Member] \| Range 3 [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5.0
Punitive Only Damages [Member] \| Range 1 [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0.0
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	5.0
Punitive Only Damages [Member] \| Range 3 [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 5.0
Pending Litigation [Member] \| Compensatory Only Damages [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages \| claimants	55
Pending Litigation [Member] \| Compensatory Only Damages [Member] \| Range 1 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages \| claimants	0
Pending Litigation [Member] \| Compensatory Only Damages [Member] \| Range 2 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages \| claimants	10
Pending Litigation [Member] \| Compensatory Only Damages [Member] \| Range 3 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages \| claimants	45

Segment Information Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Net sales	$ 199,550	$ 190,830	$ 382,340	$ 364,200
Operating profit (loss)	(18,150)	27,060	1,680	46,860
Operating Segments [Member] \| Packaging [Member]
Segment Reporting Information [Line Items]
Net sales	128,830	103,990	228,880	192,830
Operating profit (loss)	24,040	22,640	42,320	40,280
Operating Segments [Member] \| Aerospace [Member]
Segment Reporting Information [Line Items]
Net sales	42,610	49,510	91,530	95,090
Operating profit (loss)	(4,210)	7,650	870	13,460
Operating Segments [Member] \| Specialty Products [Member]
Segment Reporting Information [Line Items]
Net sales	28,110	37,330	61,930	76,280
Operating profit (loss)	(5,940)	5,410	(2,510)	10,110
Corporate, Non-Segment [Member] \| Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)	$ (32,040)	$ (8,640)	$ (39,000)	$ (16,990)

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

+ Details

Equity Awards - Stock Option Activity Table (Details)	6 Months Ended
Equity Awards - Stock Option Activity Table (Details)	Jun. 30, 2020 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Options Outstanding, beginning balance \| shares	150,000
Number of Options Granted \| shares	0
Number of Options Exercised \| shares	0
Number of Options Cancelled \| shares	0
Number of Options Expired \| shares	0
Number of Options Outstanding, ending balance \| shares	150,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Options Outstanding, Weighted Average Price, beginning \| $ / shares	$ 17.87
Options Granted, Weighted Average Price \| $ / shares	0
Options Exercised, Weighted Average Price \| $ / shares	0
Options Cancelled, Weighted Average Price \| $ / shares	0
Options Expired, Weighted Average Price \| $ / shares	0
Options Outstanding, Weighted Average Price, ending \| $ / shares	$ 17.87
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures
Options Average Remaining Contractual Life (Years)	6 years 1 month 6 days
Options Aggregate Intrinsic Value \| $	$ 912,000

Equity Awards - Stock Options Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 0		$ 0
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable stock options	150,000		150,000
Selling, General and Administrative Expenses [Member] \| Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	$ 0	$ 100,000	$ 0	$ 100,000

Equity Awards - Restricted Stock Units Activity Table (Details) - Restricted Stock Units [Member]	6 Months Ended
	Jun. 30, 2020 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Unvested Restricted Stock Units Outstanding, beginning balance \| shares	622,528
Number of Unvested Restricted Stock Units Granted \| shares	473,771
Number of Unvested Restricted Stock Units Vested \| shares	(297,203)
Number of Unvested Restricted Stock Units Cancelled \| shares	(9,583)
Number of Unvested Restricted Stock Units Outstanding, ending balance \| shares	789,513
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 Stock Units Outstanding, Weighted Average Grant Date Fair Value, beginning	$ 30.77
Unvested Restricted Stock Units Granted, Weighted Average Grant Date Fair Value	21.37
Unvested Restricted Stock Units Vested, Weighted Average Grant Date Fair Value	27.91
Unvested Restricted Stock Units Cancelled, Weighted Average Grant Date Fair Value	29.59
Unvested Restricted Stock Units Outstanding, Weighted Average Grant Date Fair Value, ending	$ 26.51
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures
Restricted Stock Units Average Remaining Contractual Life (Years)	1 year 8 months 12 days
Restricted Stock Units Aggregate Intrinsic Value	$ 18,908,836

Equity Awards - Restricted Stock Units Narrative (Details) - Restricted Stock Units [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares issued related to director fee deferrals			2,394
Number of Unvested Restricted Stock Units Granted			473,771
Unrecognized unvested restricted shares-based compensation expense	$ 12.2		$ 12.2
Weighted-average period for recognition of the unrecognized unvested restricted shares-based compensation expense			2 years 3 months 18 days
Plan 1 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Stock Units Granted			178,666
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period			3 years
Plan 2 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Stock Units Granted			87,034
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period			3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			0.85%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate			25.20%
Plan 4 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Stock Units Granted			31,816
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period			3 years
Plan 5 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Stock Units Granted			2,558
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period			1 year
Plan 7 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Stock Units Granted			30,590
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period			1 year
Plan 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Stock Units Granted			113,146
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period			3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			0.56%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate			26.20%
3 year EPS CAGR metric [Member] \| Maximum [Member] \| Plan 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award percentage earned based on metric over the performance period			50.00%
Total shareholder return metric [Member] \| Plan 3 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Stock Units Granted			27,567
Share-based Compensation Arrangement by Share-based Payment Award, Award percentage attained					127.40%
Total shareholder return metric [Member] \| Minimum [Member] \| Plan 3 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Amount of shares earned % of target award			0.00%
Total shareholder return metric [Member] \| Minimum [Member] \| Plan 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Amount of shares earned % of target award			0.00%
Total shareholder return metric [Member] \| Maximum [Member] \| Plan 3 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Amount of shares earned % of target award			200.00%
Total shareholder return metric [Member] \| Maximum [Member] \| Plan 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award percentage earned based on metric over the performance period			50.00%
Share-based Compensation Arrangement by Share-based Payment Award, Amount of shares earned % of target award			200.00%
Average stock price [Member] \| Minimum [Member] \| Plan 2 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Amount of shares earned % of target award			0.00%
Average stock price [Member] \| Maximum [Member] \| Plan 2 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Amount of shares earned % of target award			160.00%
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares-based compensation expense	$ 2.7	$ 1.6	$ 4.7	$ 2.9

Earnings per Share Earnings per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted average common shares—basic	43,463,235	45,592,075	43,832,144	45,585,445
Weighted average common shares—diluted	43,463,235	45,828,315	43,832,144	45,910,249
Restricted Stock Units (RSUs) [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Incremental common shares attributable to share-based payment arrangements	0	174,571	0	253,796
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	0	61,669	0	71,008

Earnings per Share Repurchase of Common Stock (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2015
Stock Repurchased and Retired During Period, Value		$ 31,570	$ 14,750	$ 670
10b5-1 share repurchase program [Member]
Stock Repurchase Program, Authorized Amount	$ 250,000				$ 250,000		$ 50,000
Stock Repurchased and Retired During Period, Shares	0		502,500		1,253,650	527,400
Stock Repurchased and Retired During Period, Value			$ 14,700		$ 31,600	$ 15,400

Defined Benefit Plans - Net Periodic Pension Costs (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service costs	$ 310	$ 260	$ 630	$ 520
Interest costs	230	270	470	540
Expected return on plan assets	(360)	(350)	(730)	(700)
Amortization of net (gain)/loss	230	150	450	290
Net periodic benefit cost	$ 410	$ 330	$ 820	$ 650

Defined Benefit Plans - Defined Benefit Plans Narrative (Details) - Pension Plans, Defined Benefit [Member] $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020 USD ($)	Jun. 30, 2020 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 0.3	$ 0.7
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	$ 1.1	$ 1.1

- Definition

Amount of contribution received by defined benefit plan from employer which increases plan assets.

+ References + Details

Other Comprehensive Income (Loss) Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2020

Mar. 31, 2020

Jun. 30, 2019

Mar. 31, 2019

Jun. 30, 2020

Jun. 30, 2019

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Balances

$ 675,460

$ 697,480

$ 640,510

$ 620,450

$ 697,480

$ 620,450

Total other comprehensive income (loss)

(660)

(3,680)

(1,530)

3,020

(4,340)

1,490

Balances

661,100

675,460

647,360

640,510

661,100

647,360

Other Comprehensive Income (Loss), Tax [Abstract]

Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax

(800)

500

Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, Tax

100

Defined Benefit Plans [Member]

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Balances

(9,930)

(7,200)

(9,930)

(7,200)

Net unrealized gains (losses) arising during the period

Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax

(310)

^[1]

(200)

^[2]

Total other comprehensive income (loss)

310

200

Reclassification of stranded tax effects

(1,260)

Balances

(9,620)

(8,260)

(9,620)

(8,260)

Accumulated Net Gain (Loss) from Hedges Attributable to Parent [Member]

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Balances

4,230

940

4,230

940

Net unrealized gains (losses) arising during the period

2,300

^[3]

1,490

^[4]

Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax

Total other comprehensive income (loss)

2,300

1,490

Reclassification of stranded tax effects

(10)

Balances

6,530

2,420

6,530

2,420

Accumulated Foreign Currency Adjustment Attributable to Parent [Member]

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Balances

(300)

(10,590)

(300)

(10,590)

Net unrealized gains (losses) arising during the period

(6,950)

(200)

Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax

Total other comprehensive income (loss)

(6,950)

(200)

Reclassification of stranded tax effects

Balances

(7,250)

(10,790)

(7,250)

(10,790)

Accumulated Other Comprehensive Income [Member]

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Balances

(9,680)

(6,000)

(15,100)

(16,850)

(6,000)

(16,850)

Net unrealized gains (losses) arising during the period

(4,650)

1,290

Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax

(310)

(200)

Total other comprehensive income (loss)

(660)

(3,680)

(1,530)

3,020

(4,340)

1,490

Reclassification of stranded tax effects

(1,270)

Balances

$ (10,340)

$ (9,680)

$ (16,630)

$ (15,100)

$ (10,340)

$ (16,630)

[1]	Defined benefit plans, net of income tax of approximately $0.1 million. See Note 18, "Defined Benefit Plans," for further details.
[2]	Defined benefit plans, net of income tax of approximately $0.1 million. See Note 18, "Defined Benefit Plans," for further details.
[3]	Derivative instruments, net of income tax of approximately $0.8 million. See Note 11, "Derivative Instruments," for further details.
[4]	Derivative instruments, net of income tax of approximately $0.5 million. See Note 11, "Derivative Instruments," for further details.

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 40,280,000