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Segment Information (Tables) | 9 Months Ended
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Sep. 29, 2013
Segment Information |
Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals |
|  | Third Quarter Ended |  | Nine Months Ended |
|  | September 29, 2013 |  | September 30, 2012 |  | September 29, 2013 |  | September 30, 2012 |
|  | (in millions) |
Net Sales |  |  |  |  |  |  |  |  |
North America |  | $ | 220.5 |  | $ | 204.0 |  | $ | 657.9 |  | $ | 629.1 |
EMEA |  | 142.7 |  | 141.5 |  | 416.0 |  | 425.0 |
Asia |  | 8.6 |  | 7.3 |  | 23.6 |  | 18.8 |
Consolidated net sales |  | $ | 371.8 |  | $ | 352.8 |  | $ | 1,097.5 |  | $ | 1,072.9 |
Operating income (loss) |  |  |  |  |  |  |  |  |
North America |  | $ | 23.5 |  | $ | 25.5 |  | $ | 79.0 |  | $ | 71.6 |
EMEA |  | 13.5 |  | 14.9 |  | 34.2 |  | 40.0 |
Asia |  | 2.0 |  | 0.8 |  | 7.3 |  | 4.3 |
Subtotal reportable segments |  | 39.0 |  | 41.2 |  | 120.5 |  | 115.9 |
Corporate (*) |  | (8.8 | ) | (8.7 | ) | (26.1 | ) | (23.3 | )
Consolidated operating income |  | 30.2 |  | 32.5 |  | 94.4 |  | 92.6 |
Interest income |  | 0.1 |  | 0.1 |  | 0.4 |  | 0.5 |
Interest expense |  | (5.1 | ) | (6.1 | ) | (16.6 | ) | (18.4 | )
Other income (expense), net |  | (0.3 | ) | 0.6 |  | (1.7 | ) | 1.5 |
Income from continuing operations before income taxes |  | $ | 24.9 |  | $ | 27.1 |  | $ | 76.5 |  | $ | 76.2 |
Capital Expenditures |  |  |  |  |  |  |  |  |
North America |  | $ | 2.4 |  | $ | 5.7 |  | $ | 15.2 |  | $ | 10.0 |
EMEA |  | 2.0 |  | 2.9 |  | 6.3 |  | 7.5 |
Asia |  | 0.2 |  | 0.5 |  | 1.1 |  | 1.1 |
Consolidated capital expenditures |  | $ | 4.6 |  | $ | 9.1 |  | $ | 22.6 |  | $ | 18.6 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |
North America |  | $ | 5.2 |  | $ | 5.0 |  | $ | 15.3 |  | $ | 14.6 |
EMEA |  | 6.4 |  | 6.2 |  | 19.3 |  | 19.9 |
Asia |  | 0.5 |  | 0.5 |  | 1.8 |  | 1.5 |
Consolidated depreciation and amortization |  | $ | 12.1 |  | $ | 11.7 |  | $ | 36.4 |  | $ | 36.0 |
Identifiable Assets (at end of period) |  |  |  |  |  |  |  |  |
North America |  |  |  |  |  | $ | 703.6 |  | $ | 794.6 |
EMEA |  |  |  |  |  | 864.5 |  | 781.3 |
Asia |  |  |  |  |  | 122.3 |  | 91.3 |
Discontinued operations |  |  |  |  |  | — |  | 23.8 |
Consolidated identifiable assets |  |  |  |  |  | $ | 1,690.4 |  | $ | 1,691.0 |
Property, plant and equipment, net (at end of period) |  |  |  |  |  |  |  |  |
North America |  |  |  |  |  | $ | 84.7 |  | $ | 76.3 |
EMEA |  |  |  |  |  | 120.1 |  | 125.2 |
Asia |  |  |  |  |  | 14.6 |  | 14.6 |
Consolidated property, plant and equipment, net |  |  |  |  |  | $ | 219.4 |  | $ | 216.1 |
* Corporate expenses are primarily for administrative compensation expense, internal controls costs, professional fees, including legal and audit expenses, shareholder services and benefit administration costs. These costs are not allocated to the geographic segments as they are viewed as corporate functions that support all activities.
Schedule of U.S. net sales and U.S. property, plant and equipment of the Company's North America segment |
|  | Third Quarter Ended |  | Nine Months Ended |
|  | September 29, 2013 |  | September 30, 2012 |  | September 29, 2013 |  | September 30, 2012 |
|  | (in millions) |
U.S. net sales |  | $ | 198.0 |  | $ | 181.4 |  | $ | 592.4 |  | $ | 564.4 |
U.S. property, plant and equipment (at end of period) |  |  |  |  |  | $ | 79.7 |  | $ | 70.6 |
Schedule of intersegment sales for North America, EMEA and Asia |
|  | Third Quarter Ended |  | Nine Months Ended |
|  | September 29, 2013 |  | September 30, 2012 |  | September 29, 2013 |  | September 30, 2012 |
|  | (in millions) |
Intersegment Sales |  |  |  |  |  |  |  |  |
North America |  | $ | 1.3 |  | $ | 1.3 |  | $ | 3.9 |  | $ | 3.9 |
EMEA |  | 2.6 |  | 3.3 |  | 7.7 |  | 7.9 |
Asia |  | 39.7 |  | 35.9 |  | 128.8 |  | 102.3 |
Intersegment sales |  | $ | 43.6 |  | $ | 40.5 |  | $ | 140.4 |  | $ | 114.1 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 38 -Subparagraph b(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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