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Business Segments | 6 Months Ended
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Jun. 30, 2015
Segment Reporting [Abstract] |
Business Segments | Business Segments The company identifies its segments using the “management approach,” which designates the internal organization that is used by management for making operating decisions and assessing performance as the source of the company’s reportable segments. The company has two reportable segments: Crane and Foodservice. Net sales and earnings from operations by segment are summarized as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) |  | 2015 |  | 2014 |  | 2015 |  | 2014
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Crane |  | $ | 477.7 |  |  | $ | 606.1 |  |  | $ | 884.4 |  |  | $ | 1,072.8 |
Foodservice |  | 407.7 |  |  | 406.7 |  |  | 753.1 |  |  | 790.0 |
Total net sales |  | $ | 885.4 |  |  | $ | 1,012.8 |  |  | $ | 1,637.5 |  |  | $ | 1,862.8 |
Earnings (loss) from continuing operations: |  |  |  |  |  |  |  |  |  |  |  |
Crane |  | $ | 26.2 |  |  | $ | 54.4 |  |  | $ | 35.9 |  |  | $ | 77.0 |
Foodservice |  | 63.6 |  |  | 65.9 |  |  | 96.6 |  |  | 123.8 |
Corporate expense |  | (12.0 | ) |  | (15.0 | ) |  | (30.8 | ) |  | (31.1 | )
Amortization expense |  | (8.6 | ) |  | (8.8 | ) |  | (17.2 | ) |  | (17.6 | )
Separation expense |  | (8.3 | ) |  | — |  |  | (9.8 | ) |  | — |
Restructuring expense |  | (0.1 | ) |  | (1.0 | ) |  | (1.2 | ) |  | (3.0 | )
Other |  | (0.4 | ) |  | (0.1 | ) |  | (0.4 | ) |  | (0.1 | )
Earnings from continuing operations |  | $ | 60.4 |  |  | $ | 95.4 |  |  | $ | 73.1 |  |  | $ | 149.0 |
Other income (expenses): |  |  |  |  |  |  |  |
Interest expense |  | $ | (24.4 | ) |  | $ | (25.1 | ) |  | $ | (48.0 | ) |  | $ | (44.4 | )
Amortization of deferred financing fees |  | (1.0 | ) |  | (1.1 | ) |  | (2.1 | ) |  | (2.3 | )
Loss on debt extinguishment |  | — |  |  | — |  |  | — |  |  | (25.3 | )
Other income (expense) - net |  | 2.9 |  |  | (3.1 | ) |  | 5.4 |  |  | (2.3 | )
Earnings from continuing operations before taxes on earnings |  | $ | 37.9 |  |  | $ | 66.1 |  |  | $ | 28.4 |  |  | $ | 74.7 |
As of June 30, 2015 and December 31, 2014, the total assets by segment were as follows:
(in millions) |  | June 30, 2015 |  | December 31, 2014
Crane |  | $ | 1,775.1 |  |  | $ | 1,742.3 |
Foodservice |  | 1,933.6 |  |  | 1,902.0 |
Corporate |  | 136.8 |  |  | 172.3 |
Total |  | $ | 3,845.5 |  |  | $ | 3,816.6 |

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
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