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Segment Information (Tables) | 9 Months Ended
--- | ---
Oct. 01, 2017
Segment Information |
Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals |
|  | Third Quarter Ended |  | Nine Months Ended |
|  | October 1, |  | October 2, |  | October 1, |  | October 2, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
|  | (in millions) |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 239.1 |  | $ | 215.8 |  | $ | 718.3 |  | $ | 677.6 |
Europe |  |  | 109.0 |  |  | 107.0 |  |  | 324.6 |  |  | 329.6 |
APMEA |  |  | 16.6 |  |  | 18.3 |  |  | 47.5 |  |  | 49.2 |
Consolidated net sales |  | $ | 364.7 |  | $ | 341.1 |  | $ | 1,090.4 |  | $ | 1,056.4 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 39.8 |  | $ | 32.2 |  | $ | 110.5 |  | $ | 95.7 |
Europe |  |  | 13.4 |  |  | 12.3 |  |  | 38.5 |  |  | 32.3 |
APMEA |  |  | 0.5 |  |  | 1.6 |  |  | 3.3 |  |  | 13.1 |
Subtotal reportable segments |  |  | 53.7 |  |  | 46.1 |  |  | 152.3 |  |  | 141.1 |
Corporate(*) |  |  | (9.4) |  |  | (9.6) |  |  | (27.5) |  |  | (27.7) |
Consolidated operating income |  |  | 44.3 |  |  | 36.5 |  |  | 124.8 |  |  | 113.4 |
Interest income |  |  | (0.2) |  |  | (0.3) |  |  | (0.6) |  |  | (0.8) |
Interest expense |  |  | 4.7 |  |  | 4.9 |  |  | 14.5 |  |  | 17.1 |
Other expense (income), net |  |  | 0.3 |  |  | (0.5) |  |  | 0.8 |  |  | (3.6) |
Income before income taxes |  | $ | 39.5 |  | $ | 32.4 |  | $ | 110.1 |  | $ | 100.7 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 4.4 |  | $ | 5.1 |  | $ | 12.5 |  | $ | 19.5 |
Europe |  |  | 1.7 |  |  | 1.9 |  |  | 4.2 |  |  | 6.2 |
APMEA |  |  | 0.1 |  |  | 0.1 |  |  | 0.4 |  |  | 0.6 |
Consolidated capital expenditures |  | $ | 6.2 |  | $ | 7.1 |  | $ | 17.1 |  | $ | 26.3 |
Depreciation and Amortization |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 7.6 |  | $ | 7.7 |  | $ | 22.8 |  | $ | 20.9 |
Europe |  |  | 4.9 |  |  | 4.8 |  |  | 13.8 |  |  | 14.6 |
APMEA |  |  | 0.4 |  |  | 0.7 |  |  | 2.1 |  |  | 2.5 |
Consolidated depreciation and amortization |  | $ | 12.9 |  | $ | 13.2 |  | $ | 38.7 |  | $ | 38.0 |
Identifiable assets (at end of period) |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  |  |  |  |  |  |  | $ | 1,074.0 |  | $ | 1,011.1 |
Europe |  |  |  |  |  |  |  |  | 510.4 |  |  | 605.6 |
APMEA |  |  |  |  |  |  |  |  | 131.2 |  |  | 130.6 |
Consolidated identifiable assets |  |  |  |  |  |  |  | $ | 1,715.6 |  | $ | 1,747.3 |
Property, plant and equipment, net (at end of period) |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  |  |  |  |  |  |  | $ | 105.7 |  | $ | 95.8 |
Europe |  |  |  |  |  |  |  |  | 79.2 |  |  | 80.9 |
APMEA |  |  |  |  |  |  |  |  | 7.2 |  |  | 8.1 |
Consolidated property, plant and equipment, net |  |  |  |  |  |  |  | $ | 192.1 |  | $ | 184.8 |
* 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 of the Company's Americas segment |
|  | Third Quarter Ended |  | Nine Months Ended |
|  | October 1, |  | October 2, |  | October 1, |  | October 2, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
|  | (in millions) |
U.S. net sales |  | $ | 222.0 |  | $ | 200.5 |  | $ | 670.6 |  | $ | 631.9 |
Schedule of intersegment sales for Americas, EMEA and Asia-Pacific |
|  | Third Quarter Ended |  | Nine Months Ended |
|  | October 1, |  | October 2, |  | October 1, |  | October 2, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
|  | (in millions) |  |  |  |  |  |  |
Intersegment Sales |  |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 2.5 |  | $ | 2.9 |  | $ | 9.0 |  | $ | 9.1 |
Europe |  |  | 4.0 |  |  | 2.9 |  |  | 11.9 |  |  | 8.8 |
APMEA |  |  | 12.8 |  |  | 17.2 |  |  | 52.8 |  |  | 58.3 |
Intersegment sales |  | $ | 19.3 |  | $ | 23.0 |  | $ | 73.7 |  | $ | 76.2 |

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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 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 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=68060357&loc=d3e8813-108599 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=68060357&loc=d3e8721-108599 Reference 4: 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=35741047&loc=d3e13816-109267 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=68060357&loc=d3e8736-108599 + Details
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