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Business Segment Information
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information
 
The Company operates in three business segments: Tempur North America, Tempur International and Sealy. The Tempur North America segment consists of two U.S. manufacturing facilities and the Tempur North America distribution subsidiaries. The Tempur International segment consists of a manufacturing facility in Denmark, whose customers include all of the distribution subsidiaries and third party distributors outside of the Tempur North America and Sealy segments. The Sealy segment consists of company-owned and operated bedding and component manufacturing facilities located around the world, along with distribution subsidiaries, joint ventures, and licensees. The Company evaluates segment performance based on net sales and operating income. Certain corporate operating expenses included in the Tempur North America segment for the three months ended June 30, 2014 and 2013 were $17.6 million and $21.0 million, respectively. Certain corporate operating expenses included in the Tempur North America segment for the six months ended June 30, 2014 and 2013 were $35.3 million and $50.3 million, respectively. There were no material allocations of corporate operating expenses to the Tempur International or Sealy segments for the six months ended June 30, 2014 and 2013. The Company’s Tempur North America, Tempur International and Sealy segment assets include investments in subsidiaries which are appropriately eliminated in the Company’s accompanying Condensed Consolidated Financial Statements. The remaining inter-segment eliminations are comprised of intercompany accounts receivable. The effect of the elimination of the investments in subsidiaries is included in the inter-segment eliminations as shown below.
  
The following table summarizes total assets by segment:
(in millions)
June 30,
 
December 31,
Total assets:
2014
 
2013
Tempur North America
$
2,591.5

 
$
2,110.7

Tempur International
408.0

 
477.7

Sealy
1,962.9

 
1,956.6

Inter-segment eliminations
(2,210.5
)
 
(1,815.1
)
 
$
2,751.9

 
$
2,729.9


     The following table summarizes long-lived assets by segment:
(in millions)
June 30,
 
December 31,
Long-lived assets:
2014
 
2013
Tempur North America
$
391.7

 
$
393.1

Tempur International
67.2

 
68.7

Sealy
1,392.5

 
1,459.5

 
$
1,851.4

 
$
1,921.3



The following table summarizes long-lived assets by geographic region:
(in millions)
June 30,
 
December 31,
 
2014
 
2013
United States
$
1,578.0

 
$
1,647.0

Canada
50.4

 
52.1

Other International
223.0

 
222.2

 
$
1,851.4

 
$
1,921.3

Total International
273.4

 
274.3



The following table summarizes net sales by geographic region:
(in millions)
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
United States
$
524.2

 
$
474.1

 
$
1,028.2

 
$
727.4

Canada
53.7

 
56.1

 
102.4

 
71.1

Other International
137.1

 
130.4

 
286.3

 
252.2

 
$
715.0

 
$
660.6

 
$
1,416.9

 
$
1,050.7

Total International
$
190.8

 
$
186.5

 
$
388.7

 
$
323.3


 
The following table summarizes segment information:
(in millions)
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
Net sales to external customers:
 
 
 
 
 
 
 
Tempur North America
 
 
 
 
 
 
 
Bedding
$
223.9

 
$
199.5

 
$
423.4

 
$
404.1

Other products
13.4

 
16.0

 
26.9

 
37.3

 
$
237.3

 
$
215.5

 
$
450.3

 
$
441.4

 
 
 
 
 
 
 
 
Tempur International
 

 
 

 
 

 
 

Bedding
$
81.5

 
$
73.9

 
$
176.7

 
$
163.2

Other products
28.0

 
26.6

 
58.5

 
54.8

 
$
109.5

 
$
100.5

 
$
235.2

 
$
218.0

 
 
 
 
 
 
 
 
Sealy
 

 
 

 
 

 
 

Bedding
$
352.0

 
$
325.1

 
$
693.3

 
$
369.8

Other products
16.2

 
19.5

 
38.1

 
21.5

 
$
368.2

 
$
344.6

 
$
731.4

 
$
391.3

 
$
715.0

 
$
660.6

 
$
1,416.9

 
$
1,050.7

 
 
 
 
 
 
 
 
Inter-segment sales:
 

 
 

 
 

 
 

Tempur North America
$
1.7

 
$
—

 
$
1.8

 
$
0.1

Tempur International
0.1

 
0.1

 
0.2

 
0.2

Sealy
4.2

 
—

 
8.5

 
—

Intercompany eliminations
(6.0
)
 
(0.1
)
 
(10.5
)
 
(0.3
)
 
$
—

 
$
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Gross profit:
 

 
 

 
 

 
 

Tempur North America
$
94.2

 
$
88.5

 
$
180.0

 
$
191.9

Tempur International
64.1

 
62.5

 
139.2

 
136.8

Sealy
110.0

 
103.9

 
218.6

 
114.6

 
$
268.3

 
$
254.9

 
$
537.8

 
$
443.3

 
 
 
 
 
 
 
 
Operating income:
 

 
 

 
 

 
 

Tempur North America
$
8.3

 
$
10.3

 
$
19.4

 
$
26.1

Tempur International
19.2

 
23.9

 
47.2

 
55.2

Sealy
22.8

 
9.8

 
46.1

 
7.2

 
$
50.3

 
$
44.0

 
$
112.7

 
$
88.5

 
 
 
 
 
 
 
 
(Loss) income before income taxes:
 

 
 

 
 

 
 

Tempur North America
$
(12.5
)
 
$
(22.9
)
 
$
(20.7
)
 
$
(34.6
)
Tempur International
18.8

 
22.5

 
46.2

 
52.7

Sealy
1.1

 
7.1

 
21.1

 
3.7

 
$
7.4

 
$
6.7

 
$
46.6

 
$
21.8

 
 
 
 
 
 
 
 
Depreciation and amortization (including stock-based compensation amortization):
 

 
 

 
 

 
 

Tempur North America
$
5.7

 
$
10.8

 
$
14.1

 
$
20.6

Tempur International
3.4

 
3.1

 
6.6

 
6.2

Sealy
12.3

 
11.0

 
24.8

 
12.8

 
$
21.4

 
$
24.9

 
$
45.5

 
$
39.6

 
 
 
 
 
 
 
 
Intercompany royalties:
 

 
 

 
 

 
 

Tempur North America
$
1.4

 
$
1.4

 
$
2.9

 
$
2.7

Tempur International
(1.4
)
 
(1.4
)
 
(2.9
)
 
(2.7
)
Sealy
—

 
—

 
—

 
—

 
$
—

 
$
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Capital expenditures:
 

 
 

 
 

 
 

Tempur North America
$
4.1

 
$
7.0

 
$
6.1

 
$
10.9

Tempur International
2.8

 
3.0

 
4.5

 
4.7

Sealy
2.2

 
3.7

 
6.3

 
3.7

 
$
9.1

 
$
13.7

 
$
16.9

 
$
19.3