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Segment Information (Tables) | 6 Months Ended
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Jun. 29, 2014
Segment Information |
Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals |
|  | Second Quarter Ended |  | Six Months Ended |
|  | June 29, 2014 |  | June 30, 2013 |  | June 29, 2014 |  | June 30, 2013 |
|  | (in millions) |
Net Sales |  |  |  |  |  |  |  |  |
Americas |  | $ | 241.8 |  | $ | 224.4 |  | $ | 460.9 |  | $ | 437.4 |
EMEA |  | 143.9 |  | 134.1 |  | 283.0 |  | 273.3 |
Asia-Pacific |  | 10.3 |  | 8.3 |  | 17.3 |  | 15.0 |
Consolidated net sales |  | $ | 396.0 |  | $ | 366.8 |  | $ | 761.2 |  | $ | 725.7 |
Operating income (loss) |  |  |  |  |  |  |  |  |
Americas |  | $ | 29.0 |  | $ | 30.7 |  | $ | 51.6 |  | $ | 52.8 |
EMEA |  | 13.1 |  | 9.8 |  | 22.0 |  | 20.7 |
Asia-Pacific |  | 2.1 |  | 2.4 |  | 3.0 |  | 5.3 |
Subtotal reportable segments |  | 44.2 |  | 42.9 |  | 76.6 |  | 78.8 |
Corporate (*) |  | (7.6 | ) | (7.3 | ) | (14.2 | ) | (14.6 | )
Consolidated operating income |  | 36.6 |  | 35.6 |  | 62.4 |  | 64.2 |
Interest income |  | 0.2 |  | 0.2 |  | 0.3 |  | 0.3 |
Interest expense |  | (4.9 | ) | (5.5 | ) | (9.8 | ) | (11.5 | )
Other income (expense), net |  | 0.1 |  | (1.4 | ) | (0.3 | ) | (1.4 | )
Income from continuing operations before income taxes |  | $ | 32.0 |  | $ | 28.9 |  | $ | 52.6 |  | $ | 51.6 |
Capital Expenditures |  |  |  |  |  |  |  |  |
Americas |  | $ | 2.7 |  | $ | 4.6 |  | $ | 4.9 |  | $ | 12.8 |
EMEA |  | 2.6 |  | 2.1 |  | 5.1 |  | 4.3 |
Asia-Pacific |  | 0.3 |  | 0.3 |  | 0.6 |  | 0.9 |
Consolidated capital expenditures |  | $ | 5.6 |  | $ | 7.0 |  | $ | 10.6 |  | $ | 18.0 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |
Americas |  | $ | 4.9 |  | $ | 5.1 |  | $ | 9.7 |  | $ | 10.1 |
EMEA |  | 6.8 |  | 6.4 |  | 13.4 |  | 12.9 |
Asia-Pacific |  | 0.4 |  | 0.6 |  | 0.9 |  | 1.3 |
Consolidated depreciation and amortization |  | $ | 12.1 |  | $ | 12.1 |  | $ | 24.0 |  | $ | 24.3 |
Identifiable Assets (at end of period) |  |  |  |  |  |  |  |  |
Americas |  |  |  |  |  | $ | 768.2 |  | $ | 743.0 |
EMEA |  |  |  |  |  | 877.9 |  | 800.2 |
Asia-Pacific |  |  |  |  |  | 80.6 |  | 80.1 |
Discontinued operations |  |  |  |  |  | — |  | 12.5 |
Consolidated identifiable assets |  |  |  |  |  | $ | 1,726.7 |  | $ | 1,635.8 |
Property, plant and equipment, net (at end of period) |  |  |  |  |  |  |  |  |
Americas |  |  |  |  |  | $ | 84.0 |  | $ | 86.0 |
EMEA |  |  |  |  |  | 114.7 |  | 119.5 |
Asia-Pacific |  |  |  |  |  | 13.6 |  | 14.6 |
Consolidated property, plant and equipment, net |  |  |  |  |  | $ | 212.3 |  | $ | 220.1 |
* Corporate expenses are primarily for administrative compensation expense, compliance costs, professional fees, including corporate-related legal and audit expenses, shareholder services and benefit administration costs.
Schedule of U.S. net sales |
|  | Second Quarter Ended |  | Six Months Ended |
|  | June 29, 2014 |  | June 30, 2013 |  | June 29, 2014 |  | June 30, 2013 |
|  | (in millions) |
U.S. net sales |  | $ | 222.1 |  | $ | 201.6 |  | $ | 423.7 |  | $ | 394.4 |
Schedule of intersegment sales for Americas, EMEA and Asia-Pacific |
|  | Second Quarter Ended |  | Six Months Ended |
|  | June 29, 2014 |  | June 30, 2013 |  | June 29, 2014 |  | June 30, 2013 |
|  | (in millions) |
Intersegment Sales |  |  |  |  |  |  |  |  |
Americas |  | $ | 1.9 |  | $ | 1.3 |  | $ | 3.1 |  | $ | 2.6 |
EMEA |  | 3.8 |  | 2.4 |  | 7.4 |  | 5.1 |
Asia-Pacific |  | 41.4 |  | 47.5 |  | 80.4 |  | 89.1 |
Intersegment sales |  | $ | 47.1 |  | $ | 51.2 |  | $ | 90.9 |  | $ | 96.8 |

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