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Segment Information | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION The Company has two reportable segments. Business units are organized under each reportable segment because they share certain characteristics, such as technology, marketing, distribution and product application, which create long-term synergies. The principal activities of the Company’s reportable segments are as follows: Environmental Solutions — Our Environmental Solutions Group is a leading manufacturer and supplier of a full range of street sweepers, sewer cleaners, industrial vacuum loaders, safe-digging trucks, high-performance waterblasting equipment, road-marking and line-removal equipment, dump truck bodies, trailers, and metal extraction support equipment. The Group manufactures vehicles and equipment in the U.S. and Canada that are sold under the Elgin®, Vactor®, Guzzler®, TRUVAC®, Westech TM, Jetstream®, Mark Rite Lines, Ox Bodies®, Crysteel®, J-Craft®, Duraclass®, Rugby®, Travis®, OSW, NTE, WTB, Ground Force, TowHaul®, Bucks® and Switch-N-Go® brand names. Product offerings also include certain products manufactured by other companies, such as refuse and recycling collection vehicles, camera systems, ice resurfacing equipment and snow-removal equipment. Products are sold to both municipal and industrial customers either through a dealer network or direct sales to service customers generally depending on the type and geographic location of the customer. In addition to vehicle and equipment sales, the Group also engages in the sale of parts, service and repair, equipment rentals and training as part of a comprehensive aftermarket offering to its current and potential customers through its service centers located across North America. Our Environmental Solutions Group includes the aggregated results of two operating segments, including TBEI. In addition, as discussed in Note 2 – Acquisitions, the Company completed the acquisition of substantially all of the assets and operations of TowHaul during the year ended December 31, 2022. The assets and liabilities of TowHaul have been consolidated into the Consolidated Balance Sheet as of December 31, 2022, while the post-acquisition results of operations of TowHaul have been included in the Consolidated Statements of Operations subsequent to their respective closing dates, within the Environmental Solutions Group. Safety and Security Systems — Our 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 community alerting, emergency vehicles, first responder interoperable communications and industrial communications. Specific products include public safety equipment, such as vehicle lightbars and sirens, industrial signaling equipment, public warning systems and general alarm/public address systems. Products are sold under the Federal Signal TM, Federal Signal VAMA®, and Victor® brand names. The Group operates manufacturing facilities in the U.S., Spain, the U.K., and South Africa. Corporate contains those items that are not included in our reportable segments. Net sales by reportable segment reflect sales of products and services to external customers, as reported in the Company’s Consolidated Statements of Operations. Intersegment sales are insignificant. The Company evaluates performance based on operating income of the respective segment. Operating income includes all revenues, costs and expenses directly related to the segment involved. In determining reportable segment income, neither corporate nor interest expenses are included. Reportable segment depreciation and amortization expense, identifiable assets and capital expenditures relate to those assets that are utilized by the respective reportable segment. Corporate assets consist principally of cash and cash equivalents, deferred tax assets and fixed assets. The accounting policies of each reportable segment are the same as those described in Note 1 – Summary of Significant Accounting Policies. Revenues attributed to customers located outside of the U.S. aggregated to $285.0 million in 2022, $286.4 million in 2021 and $258.6 million in 2020, of which sales exported from the U.S. aggregated to $88.8 million, $77.0 million and $69.7 million, respectively. The following table summarizes the Company’s continuing operations by segment, including net sales, operating income, depreciation and amortization, total assets and capital expenditures:
| For the Years Ended December 31,
(in millions) | 2022 |  | 2021 |  | 2020
Net sales: |  |  |  |  |
Environmental Solutions | $ | 1,190.6 |  |  | $ | 1,004.0 |  |  | $ | 915.8 |
Safety and Security Systems | 244.2 |  |  | 209.2 |  |  | 215.0 |
Total net sales | $ | 1,434.8 |  |  | $ | 1,213.2 |  |  | $ | 1,130.8 |
Operating income: |  |  |  |  |
Environmental Solutions | $ | 144.5 |  |  | $ | 120.5 |  |  | $ | 124.3 |
Safety and Security Systems | 40.8 |  |  | 32.7 |  |  | 35.5 |
Corporate and eliminations | (24.5) |  |  | (22.5) |  |  | (28.4) |
Total operating income | 160.8 |  |  | 130.7 |  |  | 131.4 |
Interest expense | 10.3 |  |  | 4.5 |  |  | 5.7 |
Debt settlement charges | 0.1 |  |  | — |  |  | — |
Pension settlement charges | — |  |  | 10.3 |  |  | — |
Other (income) expense, net | (0.5) |  |  | (1.7) |  |  | 1.1 |
Income before income taxes | $ | 150.9 |  |  | $ | 117.6 |  |  | $ | 124.6 |
Depreciation and amortization: |  |  |  |  |
Environmental Solutions | $ | 50.3 |  |  | $ | 46.7 |  |  | $ | 41.3 |
Safety and Security Systems | 4.2 |  |  | 3.6 |  |  | 3.4 |
Corporate | 0.2 |  |  | 0.1 |  |  | 0.1 |
Total depreciation and amortization | $ | 54.7 |  |  | $ | 50.4 |  |  | $ | 44.8 |
Total assets: |  |  |  |  |
Environmental Solutions | $ | 1,206.4 |  |  | $ | 1,098.2 |  |  | $ | 926.8 |
Safety and Security Systems | 279.3 |  |  | 226.9 |  |  | 225.5 |
Corporate and eliminations | 38.6 |  |  | 41.0 |  |  | 56.3 |
Total assets of continuing operations | 1,524.3 |  |  | 1,366.1 |  |  | 1,208.6 |
Total assets of discontinued operations | — |  |  | — |  |  | 0.2 |
Total assets | $ | 1,524.3 |  |  | $ | 1,366.1 |  |  | $ | 1,208.8 |
Capital expenditures: |  |  |  |  |
Environmental Solutions | $ | 19.4 |  |  | $ | 34.3 |  |  | $ | 24.4 |
Safety and Security Systems | 32.4 |  |  | 2.8 |  |  | 4.1 |
Corporate | 1.2 |  |  | 0.3 |  |  | 1.2 |
Total capital expenditures | $ | 53.0 |  |  | $ | 37.4 |  |  | $ | 29.7 |
The following table summarizes net sales by geographic region based on the location of the end-customer:
| For the Years Ended December 31,
(in millions) | 2022 |  | 2021 |  | 2020
Net sales: |  |  |  |  |
U.S. | $ | 1,149.8 |  |  | $ | 926.8 |  |  | $ | 872.2 |
Canada | 175.3 |  |  | 192.4 |  |  | 160.5 |
Europe/Other | 109.7 |  |  | 94.0 |  |  | 98.1 |
Total net sales | $ | 1,434.8 |  |  | $ | 1,213.2 |  |  | $ | 1,130.8 |
The following table summarizes long-lived assets by geographic region based on the location of the Company’s subsidiaries:
(in millions) | 2022 |  | 2021 |  | 2020
Long-lived assets: |  |  |  |  |
U.S. | $ | 249.4 |  |  | $ | 219.9 |  |  | $ | 177.4 |
Canada | 59.1 |  |  | 56.3 |  |  | 60.4 |
Europe/Other | 4.6 |  |  | 3.9 |  |  | 4.3 |
Total long-lived assets | $ | 313.1 |  |  | $ | 280.1 |  |  | $ | 242.1 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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