XML 33 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
INFORMATION ON REPORTABLE SEGMENTS (Tables)
 6 Months Ended
Jul. 02, 2016
Segment Reporting [Abstract]  
Schedule of financial data for reportable segments and other operating segments
Financial data for our reportable segments for the three and six months ended July 2, 2016 and June 27, 2015 are presented below:
 
Three months ended
 
Six months ended
 
July 2,
2016
 
June 27,
2015
 
July 2,
2016
 
June 27,
2015
Revenues:(1)
 

 
 

 
 

 
 

HVAC segment
$
121.9

 
$
118.3

 
$
233.5

 
$
226.0

Detection and Measurement segment
60.1

 
58.2

 
115.5

 
110.1

Power segment
230.9

 
282.9

 
453.2

 
499.6

Consolidated revenues
$
412.9

 
$
459.4

 
$
802.2

 
$
835.7

 
 
 
 
 
 
 
 
Income (Loss):
 

 
 

 
 

 
 

HVAC segment
$
17.1

 
$
13.0

 
$
33.0

 
$
25.9

Detection and Measurement segment
12.1

 
10.2

 
23.1

 
19.1

Power segment
(1.8
)
 
1.6

 
(7.3
)
 
(9.8
)
Total income for segments
27.4

 
24.8

 
48.8

 
35.2

 
 
 
 
 
 
 
 
Corporate expense
(8.2
)
 
(26.2
)
 
(19.1
)
 
(56.9
)
Long-term incentive compensation expense
(3.5
)
 
(4.0
)
 
(6.3
)
 
(25.0
)
Pension and postretirement expense
(2.8
)
 
(0.5
)
 
(3.8
)
 
(1.0
)
Special charges, net
(2.0
)
 
(2.8
)
 
(2.3
)
 
(5.6
)
Impairment of intangible assets
—

 
—

 
(4.0
)
 
—

Gain (loss) on sale of dry cooling business
(1.2
)
 
—

 
16.7

 
—

 
 
 
 
 
 
 
 
Consolidated operating income (loss)
$
9.7

 
$
(8.7
)
 
$
30.0

 
$
(53.3
)
___________________________
(1) 
Under the percentage-of-completion method, we recognized revenues of $110.6 and $120.9 in the three months ended July 2, 2016 and June 27, 2015, respectively. For the six months ended July 2, 2016 and June 27, 2015, revenues under the percentage of completion method were $236.6 and $246.3, respectively. Costs and estimated earnings in excess of billings on uncompleted contracts accounted for under the percentage-of-completion method were $91.7 and $106.3 as of July 2, 2016 and December 31, 2015, respectively, and are reported as a component of ‘‘Accounts receivable, net’’ in the condensed consolidated balance sheets. Billings in excess of costs and estimated earnings on uncompleted contracts accounted for under the percentage-of-completion method were $87.9 and $116.3 as of July 2, 2016 and December 31, 2015, respectively, and are reported as a component of ‘‘Accrued expenses’’ in the condensed consolidated balance sheets.