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INFORMATION ON REPORTABLE AND OTHER OPERATING SEGMENTS | 9 Months Ended
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Sep. 28, 2019
Segment Reporting [Abstract] |
INFORMATION ON REPORTABLE AND OTHER OPERATING SEGMENTS | INFORMATION ON REPORTABLE AND OTHER OPERATING SEGMENTS We are a global supplier of highly specialized, engineered solutions with operations in 17 countries and sales in over 100 countries around the world. As indicated in Note 1, our DBT and Heat Transfer operating segments are now being reported in an “All Other” category for segment reporting purposes. We have aggregated our other operating segments into the following three reportable segments: HVAC, Detection and Measurement, and Engineered Solutions. The factors considered in determining our aggregated segments are the economic similarity of the businesses, the nature of products sold or services provided, production processes, types of customers, distribution methods, and regulatory environment. In determining our reportable segments, we apply the threshold criteria of the Segment Reporting Topic of the Codification. Operating income or loss for each of our operating segments is determined before considering impairment and special charges, long-term incentive compensation and other indirect corporate expenses. This is consistent with the way our chief operating decision maker evaluates the results of each segment. HVAC Reportable Segment Our HVAC reportable segment engineers, designs, manufactures, installs and services cooling products for the HVAC and industrial markets, as well as boilers and comfort heating and ventilation products for the residential and commercial markets. The primary distribution channels for the segment’s products are direct to customers, independent manufacturing representatives, third-party distributors, and retailers. The segment serves a customer base in North America, Europe, and Asia Pacific. Detection and Measurement Reportable Segment Our Detection and Measurement reportable segment engineers, designs, manufactures and installs underground pipe and cable locators, inspection and rehabilitation equipment, bus fare collection systems, communication technologies, and obstruction lighting. The primary distribution channels for the segment’s products are direct to customers and third-party distributors. The segment serves a global customer base, with a strong presence in North America, Europe, and Asia Pacific. Engineered Solutions Reportable Segment Our Engineered Solutions reportable segment engineers, designs, manufactures, installs and services transformers for the power transmission and distribution market and process cooling equipment for the industrial and power generation markets. The primary distribution channels for the segment’s products are direct to customers and third-party representatives. The segment has a strong presence in North America. All Other Our “All Other” group of operating segments engineer, design, manufacture, install and service equipment, including heat exchangers, primarily for the power generation market. The primary distribution channels for the group’s products are direct to customers and third-party representatives. These operating segments have a presence in North America and South Africa. Corporate Expense Corporate expense generally relates to the cost of our Charlotte, North Carolina corporate headquarters. Financial data for our reportable segments and other operating segments for the three and nine months ended September 28, 2019 and September 29, 2018 are presented below:
| Three months ended |  | Nine months ended
| September 28, 2019 |  | September 29, 2018 |  | September 28, 2019 |  | September 29, 2018
Revenues: |  |  |  |  |  |  |  |  |  |  |
HVAC reportable segment | $ | 140.1 |  |  | $ | 132.0 |  |  | $ | 399.4 |  |  | $ | 399.4 |
Detection and Measurement reportable segment | 97.6 |  |  | 84.3 |  |  | 284.4 |  |  | 224.5 |
Engineered Solutions reportable segment | 121.1 |  |  | 124.8 |  |  | 398.1 |  |  | 388.0 |
All Other (1) | 6.0 |  |  | 21.4 |  |  | (1.1 | ) |  | 81.7 |
Consolidated revenues | $ | 364.8 |  |  | $ | 362.5 |  |  | $ | 1,080.8 |  |  | $ | 1,093.6 |
Income (loss): |  |  |  |  |  |  |  |  |  |  |
HVAC reportable segment | $ | 22.2 |  |  | $ | 15.6 |  |  | $ | 57.3 |  |  | $ | 52.7 |
Detection and Measurement reportable segment | 20.5 |  |  | 15.5 |  |  | 59.2 |  |  | 47.7 |
Engineered Solutions reportable segment | 5.9 |  |  | 6.5 |  |  | 26.9 |  |  | 23.7 |
All Other (1) | (5.7 | ) |  | (8.0 | ) |  | (38.3 | ) |  | (16.5 | )
Total income for segments | 42.9 |  |  | 29.6 |  |  | 105.1 |  |  | 107.6 |
Corporate expense | (10.0 | ) |  | (10.5 | ) |  | (32.9 | ) |  | (34.8 | )
Long-term incentive compensation expense | (3.3 | ) |  | (4.3 | ) |  | (10.1 | ) |  | (12.4 | )
Special charges, net | (2.0 | ) |  | (1.0 | ) |  | (3.4 | ) |  | (4.6 | )
Other operating expenses | — |  |  | — |  |  | (1.8 | ) |  | — |
Loss on sale of dry cooling business | — |  |  | (0.4 | ) |  | — |  |  | (0.4 | )
Consolidated operating income | $ | 27.6 |  |  | $ | 13.4 |  |  | $ | 56.9 |  |  | $ | 55.4 |
_____________________ (1)As indicated in Notes 4 and 15, during the nine months ended September 28, 2019, we reduced revenues associated with the large power projects in South Africa by $23.5.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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