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Business Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Total assets and long-lived assets by segment | The following table summarizes total assets by segment:
(in millions) | June 30, 2018 |  | December 31, 2017
North America | $ | 2,852.7 |  |  | $ | 2,759.8 |
International | 601.6 |  |  | 609.4 |
Corporate | 603.3 |  |  | 614.9 |
Inter-segment eliminations | (1,292.0 | ) |  | (1,290.1 | )
Total assets | $ | 2,765.6 |  |  | $ | 2,694.0 |
The following table summarizes property, plant and equipment, net by segment:
(in millions) | June 30, 2018 |  | December 31, 2017
North America | $ | 326.1 |  |  | $ | 320.0 |
International | 51.8 |  |  | 54.7 |
Corporate | 55.2 |  |  | 60.4 |
Total property, plant and equipment, net | $ | 433.1 |  |  | $ | 435.1 |
Segment financial information | The following table summarizes segment information for the three months ended June 30, 2018:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 527.8 |  |  | $ | 141.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 669.7 |
Inter-segment sales | $ | 0.6 |  |  | $ | — |  |  | $ | — |  |  | $ | (0.6 | ) |  | $ | — |
Inter-segment royalty expense (income) | 0.8 |  |  | (0.8 | ) |  | — |  |  | — |  |  | — |
Gross profit | 203.4 |  |  | 72.7 |  |  | — |  |  | — |  |  | 276.1 |
Operating income (loss) | 64.2 |  |  | 18.4 |  |  | (27.1 | ) |  | — |  |  | 55.5 |
Income (loss) before income taxes | 63.4 |  |  | 12.7 |  |  | (46.3 | ) |  | — |  |  | 29.8 |
Depreciation and amortization (1) | $ | 13.8 |  |  | $ | 3.4 |  |  | $ | 10.7 |  |  | $ | — |  |  | $ | 27.9 |
Capital expenditures | 14.1 |  |  | 3.2 |  |  | 1.5 |  |  | — |  |  | 18.8 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the three months ended June 30, 2017:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 525.4 |  |  | $ | 133.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 659.3 |
Inter-segment sales | $ | 1.3 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | (1.5 | ) |  | $ | — |
Inter-segment royalty expense (income) | 1.2 |  |  | (1.2 | ) |  | — |  |  | — |  |  | — |
Gross profit | 198.9 |  |  | 69.7 |  |  | — |  |  | — |  |  | 268.6 |
Operating income (loss) | 55.8 |  |  | 26.3 |  |  | (25.5 | ) |  | — |  |  | 56.6 |
Income (loss) before income taxes | 54.3 |  |  | 24.9 |  |  | (44.4 | ) |  | — |  |  | 34.8 |
Depreciation and amortization (1) | $ | 12.9 |  |  | $ | 3.6 |  |  | $ | 9.6 |  |  | $ | — |  |  | $ | 26.1 |
Capital expenditures | 5.1 |  |  | 2.1 |  |  | 5.8 |  |  | — |  |  | 13.0 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the six months ended June 30, 2018:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 1,012.8 |  |  | $ | 304.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,317.7 |
Inter-segment sales | $ | 1.2 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | (1.4 | ) |  | $ | — |
Inter-segment royalty expense (income) | 1.3 |  |  | (1.3 | ) |  | — |  |  | — |  |  | — |
Gross profit | 387.4 |  |  | 156.6 |  |  | — |  |  | — |  |  | 544.0 |
Operating income (loss) | 118.1 |  |  | 45.4 |  |  | (54.1 | ) |  | — |  |  | 109.4 |
Income (loss) before income taxes | 115.2 |  |  | 39.2 |  |  | (91.8 | ) |  | — |  |  | 62.6 |
Depreciation and amortization (1) | $ | 27.2 |  |  | $ | 7.1 |  |  | $ | 20.8 |  |  | $ | — |  |  | $ | 55.1 |
Capital expenditures | 30.9 |  |  | 6.1 |  |  | 3.6 |  |  | — |  |  | 40.6 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the six months ended June 30, 2017:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 1,107.7 |  |  | $ | 273.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,381.4 |
Inter-segment sales | $ | 2.2 |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | (2.5 | ) |  | $ | — |
Inter-segment royalty expense (income) | 2.9 |  |  | (2.9 | ) |  | — |  |  | — |  |  | — |
Gross profit | 413.4 |  |  | 141.8 |  |  | — |  |  | — |  |  | 555.2 |
Operating income (loss) | 107.1 |  |  | 52.2 |  |  | (43.2 | ) |  | — |  |  | 116.1 |
Income (loss) before income taxes | 113.7 |  |  | 48.6 |  |  | (80.9 | ) |  | — |  |  | 81.4 |
Depreciation and amortization (1) | $ | 25.2 |  |  | $ | 7.3 |  |  | $ | 9.8 |  |  | $ | — |  |  | $ | 42.3 |
Capital expenditures | 13.7 |  |  | 3.6 |  |  | 8.6 |  |  | — |  |  | 25.9 |
(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, 2018 |  | December 31, 2017
United States | $ | 360.7 |  |  | $ | 373.2 |
Canada | 20.6 |  |  | 7.2 |
Other International | 51.8 |  |  | 54.7 |
Total property, plant and equipment, net | $ | 433.1 |  |  | $ | 435.1 |
Total International | $ | 72.4 |  |  | $ | 61.9 |
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) | 2018 |  | 2017 |  | 2018 |  | 2017
United States | $ | 477.7 |  |  | $ | 471.2 |  |  | $ | 917.9 |  |  | $ | 1,004.7 |
Canada | 50.1 |  |  | 54.2 |  |  | 94.9 |  |  | 103.0 |
Other International | 141.9 |  |  | 133.9 |  |  | 304.9 |  |  | 273.7 |
Total net sales | $ | 669.7 |  |  | $ | 659.3 |  |  | $ | 1,317.7 |  |  | $ | 1,381.4 |
Total International | $ | 192.0 |  |  | $ | 188.1 |  |  | $ | 399.8 |  |  | $ | 376.7 |

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