XML 97 R51.htm IDEA: XBRL DOCUMENT v3.19.2
Segment Information (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
USD ($)
Jul. 01, 2018
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
segment
Jun. 30, 2019
USD ($)
item
Jul. 01, 2018
USD ($)
Dec. 31, 2018
USD ($)
Segment information              
Number of geographic segments       3 3    
Revenue $ 416.8 $ 407.9 $ 805.5     $ 786.4  
Consolidated operating income (loss) 54.3 52.2 101.0     96.1  
Interest income (0.1) (0.1) (0.2)     (0.5)  
Interest expense 3.7 4.4 7.3     8.7  
Other expense, net (0.1) (1.8) 0.4     (1.1)  
INCOME BEFORE INCOME TAXES 50.8 49.7 93.5     89.0  
Capital Expenditures 7.4 7.9 14.3     15.2  
Depreciation and Amortization 11.4 12.3 22.8     25.0  
Identifiable assets (at end of period) 1,678.4 1,647.3 1,678.4 $ 1,678.4 $ 1,678.4 1,647.3 $ 1,653.7
Property, plant and equipment, net (at end of period) 200.9 196.2 200.9 200.9 200.9 196.2 $ 201.9
Residential & commercial flow control              
Segment information              
Revenue 216.5 208.9 420.1     405.6  
HVAC & gas              
Segment information              
Revenue 129.3 135.0 248.5     255.7  
Drainage & water re-use              
Segment information              
Revenue 45.7 41.9 86.2     80.3  
Water quality              
Segment information              
Revenue 25.3 22.1 50.7     44.8  
U.S.              
Segment information              
Property, plant and equipment, net (at end of period) 109.9 107.6 109.9 109.9 109.9 107.6  
Reportable segments              
Segment information              
Consolidated operating income (loss) 64.7 61.2 122.2     113.9  
Corporate              
Segment information              
Consolidated operating income (loss) (10.4) (9.0) (21.2)     (17.8)  
Intersegment sales              
Segment information              
Revenue 26.0 31.6 49.5     54.3  
Americas              
Segment information              
Revenue 287.0 272.0 545.9     513.1  
Capital Expenditures 3.6 5.3 7.5     9.9  
Depreciation and Amortization 7.2 7.2 14.3     14.3  
Identifiable assets (at end of period) 1,052.4 1,027.3 1,052.4 1,052.4 1,052.4 1,027.3  
Property, plant and equipment, net (at end of period) 114.0 111.6 114.0 114.0 114.0 111.6  
Americas | Residential & commercial flow control              
Segment information              
Revenue 161.3 151.0 308.7     290.9  
Americas | HVAC & gas              
Segment information              
Revenue 79.8 80.6 148.5     143.1  
Americas | Drainage & water re-use              
Segment information              
Revenue 21.6 18.9 39.7     35.4  
Americas | Water quality              
Segment information              
Revenue 24.3 21.5 49.0     43.7  
Americas | U.S.              
Segment information              
Revenue 269.4 254.3 512.9     479.5  
Americas | Reportable segments              
Segment information              
Consolidated operating income (loss) 50.7 46.7 93.8     83.1  
Americas | Intersegment sales              
Segment information              
Revenue 3.0 3.4 5.9     6.0  
Europe              
Segment information              
Revenue 113.2 117.1 229.5     240.1  
Capital Expenditures 3.5 2.2 6.5     4.7  
Depreciation and Amortization 3.5 4.5 7.1     9.4  
Identifiable assets (at end of period) 516.3 510.1 516.3 516.3 516.3 510.1  
Property, plant and equipment, net (at end of period) 80.5 77.8 80.5 80.5 80.5 77.8  
Europe | Residential & commercial flow control              
Segment information              
Revenue 43.6 44.7 89.1     92.0  
Europe | HVAC & gas              
Segment information              
Revenue 45.9 49.4 94.3     103.3  
Europe | Drainage & water re-use              
Segment information              
Revenue 23.0 22.6 44.9     44.2  
Europe | Water quality              
Segment information              
Revenue 0.7 0.4 1.2     0.6  
Europe | Reportable segments              
Segment information              
Consolidated operating income (loss) 12.8 12.9 26.0     27.8  
Europe | Intersegment sales              
Segment information              
Revenue 4.2 3.5 7.9     6.9  
APMEA              
Segment information              
Revenue 16.6 18.8 30.1     33.2  
Capital Expenditures 0.3 0.4 0.3     0.6  
Depreciation and Amortization 0.7 0.6 1.4     1.3  
Identifiable assets (at end of period) 109.7 109.9 109.7 109.7 109.7 109.9  
Property, plant and equipment, net (at end of period) 6.4 6.8 6.4 $ 6.4 $ 6.4 6.8  
APMEA | Residential & commercial flow control              
Segment information              
Revenue 11.6 13.2 22.3     22.7  
APMEA | HVAC & gas              
Segment information              
Revenue 3.6 5.0 5.7     9.3  
APMEA | Drainage & water re-use              
Segment information              
Revenue 1.1 0.4 1.6     0.7  
APMEA | Water quality              
Segment information              
Revenue 0.3 0.2 0.5     0.5  
APMEA | Reportable segments              
Segment information              
Consolidated operating income (loss) 1.2 1.6 2.4     3.0  
APMEA | Intersegment sales              
Segment information              
Revenue $ 18.8 $ 24.7 $ 35.7     $ 41.4