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Business Segment Information (Tables)

6 Months Ended

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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