XML 37 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8

Segment Information (Tables)

6 Months Ended

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

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 41

-Subparagraph a

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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 280

-SubTopic 10

-Section 50

-Paragraph 21

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599



Reference 2: 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 3: 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 4: 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 5: 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

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of net sales from transactions with other operating segments of the same entity.

+ References

No definition available.

+ Details

Name:	wts_ScheduleOfIntersegmentNetSalesTableTextBlock
Namespace Prefix:	wts_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration