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Business Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
Total assets and long-lived assets by segment | The following table summarizes total assets by segment:
| June 30, |  | December 31,
(in millions) | 2016 |  | 2015
North America | $ | 2,577.4 |  |  | $ | 2,533.1 |
International | 521.6 |  |  | 477.1 |
Corporate | 700.7 |  |  | 775.0 |
Inter-segment eliminations | (1,080.3 | ) |  | (1,129.7 | )
Total assets | $ | 2,719.4 |  |  | $ | 2,655.5 |
The following table summarizes property, plant and equipment, net by segment:
| June 30, |  | December 31,
(in millions) | 2016 |  | 2015
North America | $ | 237.8 |  |  | $ | 239.2 |
International | 54.3 |  |  | 54.8 |
Corporate | 70.1 |  |  | 67.7 |
Total property, plant and equipment, net | $ | 362.2 |  |  | $ | 361.7 |
Segment financial information | The following table summarizes segment information for the three months ended June 30, 2016:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Bedding sales | $ | 636.2 |  |  | $ | 108.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 744.8 |
Other sales | 32.0 |  |  | 27.6 |  |  | — |  |  | — |  |  | 59.6 |
Net sales | 668.2 |  |  | 136.2 |  |  | — |  |  | — |  |  | 804.4 |
Inter-segment sales | $ | 1.3 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | (1.4 | ) |  | $ | — |
Inter-segment royalty expense (income) | 2.1 |  |  | (2.1 | ) |  | — |  |  | — |  |  | — |
Gross profit | 267.3 |  |  | 69.6 |  |  | — |  |  | — |  |  | 336.9 |
Operating income (loss) | 103.3 |  |  | 23.2 |  |  | (26.3 | ) |  | — |  |  | 100.2 |
Income (loss) before income taxes | 100.2 |  |  | 21.0 |  |  | (92.0 | ) |  | — |  |  | 29.2 |
Depreciation and amortization(1) | $ | 10.9 |  |  | $ | 3.9 |  |  | $ | 8.1 |  |  | $ | — |  |  | $ | 22.9 |
Capital expenditures | 5.7 |  |  | 2.4 |  |  | 3.6 |  |  | — |  |  | 11.7 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
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 | ) |  | $ | — |
Inter-segment royalty expense (income) | 1.8 |  |  | (1.8 | ) |  | — |  |  | — |  |  | — |
Gross profit | 227.4 |  |  | 70.1 |  |  | — |  |  | — |  |  | 297.5 |
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 six months ended June 30, 2016:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Bedding sales | $ | 1,190.6 |  |  | $ | 221.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,412.3 |
Other sales | 57.6 |  |  | 55.5 |  |  | — |  |  | — |  |  | 113.1 |
Net sales | 1,248.2 |  |  | 277.2 |  |  | — |  |  | — |  |  | 1,525.4 |
Inter-segment sales | $ | 2.5 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | (2.6 | ) |  | $ | — |
Inter-segment royalty expense (income) | 3.8 |  |  | (3.8 | ) |  | — |  |  | — |  |  | — |
Gross profit | 481.8 |  |  | 146.1 |  |  | — |  |  | — |  |  | 627.9 |
Operating income (loss) | 180.6 |  |  | 50.5 |  |  | (54.2 | ) |  | — |  |  | 176.9 |
Income (loss) before income taxes | 177.2 |  |  | 45.4 |  |  | (137.1 | ) |  | — |  |  | 85.5 |
Depreciation and amortization(1) | $ | 21.2 |  |  | $ | 7.8 |  |  | $ | 17.6 |  |  | $ | — |  |  | $ | 46.6 |
Capital expenditures | 11.3 |  |  | 4.7 |  |  | 8.3 |  |  | — |  |  | 24.3 |
(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 | ) |  | $ | — |
Inter-segment royalty expense (income) | 3.3 |  |  | (3.3 | ) |  | — |  |  | — |  |  | — |
Gross profit | 430.5 |  |  | 145.7 |  |  | — |  |  | — |  |  | 576.2 |
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 |
Long-lived assets by geographic region | The following table summarizes property, plant and equipment, net by geographic region:
| June 30, |  | December 31,
(in millions) | 2016 |  | 2015
United States | $ | 300.8 |  |  | $ | 300.1 |
Canada | 7.1 |  |  | 6.8 |
Other International | 54.3 |  |  | 54.8 |
Total property, plant and equipment, net | $ | 362.2 |  |  | $ | 361.7 |
Total International | $ | 61.4 |  |  | $ | 61.6 |
Net sales by geographic region | The following table summarizes net sales by geographic region:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(in millions) | 2016 |  | 2015 |  | 2016 |  | 2015
United States | $ | 614.1 |  |  | $ | 580.9 |  |  | $ | 1,151.3 |  |  | $ | 1,128.6 |
Canada | 54.1 |  |  | 49.4 |  |  | 96.9 |  |  | 95.8 |
Other International | 136.2 |  |  | 134.1 |  |  | 277.2 |  |  | 279.5 |
Total net sales | $ | 804.4 |  |  | $ | 764.4 |  |  | $ | 1,525.4 |  |  | $ | 1,503.9 |
Total International | $ | 190.3 |  |  | $ | 183.5 |  |  | $ | 374.1 |  |  | $ | 375.3 |

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