XML 32 R32.htm IDEA: XBRL DOCUMENT v3.2.0.727
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Total assets and long-lived assets by segment
The following table summarizes total assets by segment:
(in millions)
June 30,
 
December 31,
 
2015
 
2014
North America
$
2,577.5

 
$
2,507.4

International
481.8

 
474.3

Corporate
698.8

 
858.5

Inter-segment eliminations
(1,041.2
)
 
(1,177.6
)
Total assets
$
2,716.9

 
$
2,662.6



     The following table summarizes property, plant and equipment, net by segment:
(in millions)
June 30,
 
December 31,
 
2015
 
2014
North America
$
241.7

 
$
240.5

International
55.5

 
60.3

Corporate
61.4

 
54.8

Total property, plant and equipment, net
$
358.6

 
$
355.6
Segment financial information
The following table summarizes segment information for the three months ended June 30, 2015:
(in millions)
North America
 
International
 
Corporate
 
Eliminations
 
Consolidated
Bedding sales
$
604.8

 
$
106.6

 
$
—

 
$
—

 
$
711.4

Other sales
25.5

 
27.5

 
—

 
—

 
53.0

Net sales
630.3

 
134.1

 
—

 
—

 
764.4

 
 
 
 
 
 
 
 
 
 
Inter-segment sales
$
1.8

 
$
0.2

 
$
—

 
$
(2.0
)
 
$
—

Gross profit
227.4

 
70.1

 
—

 
—

 
297.5

Intersegment royalty expense (income)
1.8

 
(1.8
)
 
—

 
—

 
—

Operating income (loss)
64.6

 
23.7

 
(36.3
)
 
—

 
52.0

Income (loss) before income taxes
62.1

 
20.8

 
(53.6
)
 
—

 
29.3

 
 
 
 
 
 
 
 
 
 
Depreciation and amortization(1)
$
11.6

 
$
4.1

 
$
10.8

 
$
—

 
$
26.5

Capital expenditures
9.9

 
3.3

 
5.4

 
—

 
18.6

(1)
Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the three months ended June 30, 2014:
(in millions)
North America
 
International
 
Corporate
 
Eliminations
 
Consolidated
Bedding sales
$
547.9

 
$
109.5

 
$
—

 
$
—

 
$
657.4

Other sales
30.0

 
27.6

 
—

 
—

 
57.6

Net sales
577.9

 
137.1

 
—

 
—

 
715.0

 
 
 
 
 
 
 
 
 
 
Inter-segment sales
$
1.7

 
$
0.1

 
$
—

 
$
(1.8
)
 
$
—

Gross profit
194.7

 
73.6

 
—

 
—

 
268.3

Intersegment royalty expense (income)
1.4

 
(1.4
)
 
—

 
—

 
—

Operating income (loss)
48.8

 
24.3

 
(22.8
)
 
—

 
50.3

Income (loss) before income taxes
28.4

 
23.3

 
(44.3
)
 
—

 
7.4

 
 
 
 
 
 
 
 
 
 
Depreciation and amortization(1)
$
12.6

 
$
4.6

 
$
4.3

 
$
—

 
$
21.5

Capital expenditures
2.4

 
3.4

 
3.3

 
—

 
9.1

(1)
Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the six months ended June 30, 2015:
(in millions)
North America
 
International
 
Corporate
 
Eliminations
 
Consolidated
Bedding sales
$
1,163.4

 
$
223.7

 
$
—

 
$
—

 
$
1,387.1

Other sales
61.0

 
55.8

 
—

 
—

 
116.8

Net sales
1,224.4

 
279.5

 
—

 
—

 
1,503.9

 
 
 
 
 
 
 
 
 
 
Inter-segment sales
$
3.5

 
$
0.3

 
$
—

 
$
(3.8
)
 
$
—

Gross profit
430.5

 
145.7

 
—

 
—

 
576.2

Intersegment royalty expense (income)
3.3

 
(3.3
)
 
—

 
—

 
—

Operating income (loss)
122.5

 
49.0

 
(65.1
)
 
—

 
106.4

Income (loss) before income taxes
118.6

 
46.1

 
(100.1
)
 
—

 
64.6

 
 
 
 
 
 
 
 
 
 
Depreciation and amortization(1)
$
22.2

 
$
8.1

 
$
18.0

 
$
—

 
$
48.3

Capital expenditures
18.1

 
5.4

 
10.5

 
—

 
34.0

(1)
Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the six months ended June 30, 2014:
(in millions)
North America
 
International
 
Corporate
 
Eliminations
 
Consolidated
Bedding sales
$
1,065.0

 
$
228.4

 
$
—

 
$
—

 
$
1,293.4

Other sales
65.5

 
58.0

 
—

 
—

 
123.5

Net sales
1,130.5

 
286.4

 
—

 
—

 
1,416.9

 
 
 
 
 
 
 
 
 
 
Inter-segment sales
$
1.8

 
$
0.1

 
$
—

 
$
(1.9
)
 
$
—

Gross profit
380.9

 
156.9

 
—

 
—

 
537.8

Intersegment royalty expense (income)
2.9

 
(2.9
)
 
—

 
—

 
—

Operating income (loss)
101.9

 
57.8

 
(47.0
)
 
—

 
112.7

Income (loss) before income taxes
79.9

 
55.2

 
(88.5
)
 
—

 
46.6

 
 
 
 
 
 
 
 
 
 
Depreciation and amortization(1)
$
25.9

 
$
8.2

 
$
11.4

 
$
—

 
$
45.5

Capital expenditures
7.1

 
5.3

 
4.5

 
—

 
16.9

(1)
Depreciation and amortization includes stock-based compensation amortization expense.
Long-lived assets by geographic region
The following table summarizes property, plant and equipment, net by geographic region:
(in millions)
June 30,
 
December 31,
 
2015
 
2014
United States
$
295.6

 
$
287.3

Canada
7.5

 
8.0

Other International
55.5

 
60.3

Total property, plant and equipment, net
$
358.6

 
$
355.6

Total International
$
63.0

 
$
68.3
Net sales by geographic region
The following table summarizes net sales by geographic region:
(in millions)
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
United States
$
580.9

 
$
524.3

 
$
1,128.6

 
$
1,028.3

Canada
49.4

 
53.6

 
95.8

 
102.2

Other International
134.1

 
137.1

 
279.5

 
286.4

Total net sales
$
764.4

 
$
715.0

 
$
1,503.9

 
$
1,416.9

Total International
$
183.5

 
$
190.7

 
$
375.3

 
$
388.6