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Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2018

Revenue Recognition [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The following table summarizes the impact of ASU 2017-07 on the Company’s previously reported Consolidated Statements of Operations:

	For the Year Ended December 31, 2017												For the Year Ended December 31, 2016
(in millions)	As Reported				Impact of Adoption				As Adjusted				As Reported				Impact of Adoption				As Adjusted
Cost of sales	$	677.3			$	—			$	677.3			$	524.8			$	(0.3	)		$	524.5
Selling, engineering, general and administrative expenses	144.7				(0.4		)		144.3				122.3				(2.8		)		119.5
Pension settlement charges (operating expense)	6.1				(6.1		)		—				—				—				—
Pension settlement charges (non-operating expense)	—				6.1				6.1				—				—				—
Other expense (income), net	(1.2		)		0.4				(0.8		)		(1.3		)		3.1				1.8

The following table summarizes the impact of the adoption of Topic 606 on the Company’s Consolidated Statements of Operations for the year ended December 31, 2018:

	Year Ended December 31, 2018
(in millions)	As Reported				Balances Without Adoption of Topic 606				Effect of Change
Net sales	$	1,089.5			$	1,104.8			$	(15.3	)
Cost of sales	807.4				822.7				(15.3		)
Gross profit	$	282.1			$	282.1			$	—

Net Sales Disaggregated By Major Product Line

The following table presents the Company’s Net sales disaggregated by major product line:

(in millions)	Year Ended December 31, 2018
Environmental Solutions
Vehicles and equipment (a)	$	687.2
Parts	118.6
Rental income (b)	41.8
Other (c)	15.9
Total net sales	$	863.5
Safety and Security Systems
Public safety and security equipment	134.3
Industrial signaling equipment	53.4
Warning systems	38.3
Total net sales	$	226.0
Total net sales	$	1,089.5

(a) Includes net sales from the sale of new and used vehicles and equipment, including sales of rental equipment.

(b) Represents income from vehicle and equipment lease arrangements with customers, recognized in accordance with Topic 840.

(c) Primarily includes revenues from services such as maintenance and repair work and the sale of extended warranty contracts.

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
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No definition available.

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- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

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-Topic 250
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