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Segment Information
9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
The Company has three operating segments. Business units are organized under each segment because they share certain characteristics, such as technology, marketing, distribution, and product application that create long-term synergies. The principal activities of the Company’s operating segments are as follows:
Environmental Solutions – The Environmental Solutions Group manufactures a variety of self-propelled street cleaning vehicles, vacuum loader vehicles, municipal catch basin/sewer cleaning vacuum trucks and waterblasting equipment. The Group primarily sells to municipal and government customers, as well as industrial contractors. Products are sold under the Elgin®, Vactor®, Guzzler®, and Jetstream® brand names. The Group primarily manufactures its vehicles and equipment in the U.S.
Safety and Security Systems – The Safety and Security Systems Group is a leading manufacturer and supplier of comprehensive systems and products that law enforcement, fire rescue, emergency medical services, campuses, military facilities, and industrial sites use to protect people and property. Offerings include systems for campus and community alerting, emergency vehicles, first responder interoperable communications, industrial communications and command, and municipal networked security. Specific products include lightbars and sirens, public warning sirens, and public safety software. Products are primarily sold under the Federal Signal, Federal Signal VAMA, Target Tech®, and Victor brand names. The Group operates manufacturing facilities in North America, Europe, and South Africa.
Fire Rescue – The Fire Rescue Group manufactures articulated and telescopic aerial platforms for rescue and fire fighting and for maintenance purposes. The Group sells to municipal and industrial fire services, civil defense authorities, rental companies, electric utilities, and industrial customers. The Group operates manufacturing facilities in Finland and sells globally under the Bronto Skylift® brand name.

Corporate contains those items that are not included in our three operating segments.
Net sales by operating segment reflect sales of products and services to external customers, as reported in the Company’s consolidated statements of operations. Intersegment sales were not material for the three and nine months ended September 30, 2013 and 2012. The Company evaluates performance based on operating income of the respective segment. Operating income includes all revenues, costs and expenses related to the segment involved. In determining segment operating income, neither corporate nor interest expenses are included. Corporate assets consist principally of cash and cash equivalents, notes and other receivables, and fixed assets. The accounting policies of each operating segment are the same as those described in the summary of significant accounting policies in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012. The results for the interim periods are not necessarily indicative of results for a full year.
The following tables summarize the Company’s net sales, operating income, and total assets by segment:
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
(in millions)
2013
 
2012
 
2013
 
2012
Net sales:
 
 
 
 
 
 
 
Environmental Solutions
$
113.1

 
$
101.6

 
$
353.1

 
$
321.6

Safety and Security Systems
57.6

 
57.8

 
172.9

 
173.2

Fire Rescue
38.6

 
25.6

 
105.7

 
90.7

Total net sales
$
209.3

 
$
185.0

 
$
631.7

 
$
585.5

Operating income:
 
 
 
 
 
 
 
Environmental Solutions
$
12.1

 
$
9.3

 
$
40.6

 
$
33.8

Safety and Security Systems
7.0

 
7.8

 
16.1

 
18.7

Fire Rescue
3.3

 
1.9

 
7.4

 
4.4

Corporate and eliminations
(3.6
)
 
(6.6
)
 
(15.0
)
 
(18.4
)
Total operating income
18.8

 
12.4

 
49.1

 
38.5

Interest expense
1.5

 
5.2

 
7.7

 
15.7

Debt settlement charges

 
1.9

 
8.7

 
3.5

Other expense (income), net

 
(0.1
)
 
(0.1
)
 
0.2

Income before income taxes
$
17.3

 
$
5.4

 
$
32.8

 
$
19.1

 
(in millions)
As of September 30, 2013
 
As of December 31, 2012
Total assets:
 
 
 
Environmental Solutions
$
239.8

 
$
237.5

Safety and Security Systems
207.7

 
209.5

Fire Rescue
127.4

 
122.5

Corporate and eliminations
76.8

 
41.7

Total assets of continuing operations
651.7

 
611.2

Total assets of discontinued operations
5.1

 
2.0

Total assets
$
656.8

 
$
613.2