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Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2016
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company operates primarily in the commercial print portion of the printing industry, with related product and service offerings designed to offer clients complete solutions for communicating their message to target audiences. The Company's operating and reportable segments are aligned with how the chief operating decision maker of the Company manages the business. The Company's reportable and operating segments and their product and service offerings are summarized below. United States Print and Related Services The United States Print and Related Services segment is predominantly comprised of the Company's United States printing operations and is managed as one integrated platform. This includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products and global paper procurement, together with the complementary service offerings, including marketing strategy, media planning and placement, data insights, segmentation and response analytics services, creative services, videography, photography, workflow solutions, digital imaging, facilities management services, digital publishing, interactive print solutions including image recognition and near field communication technology, mailing, distribution, logistics, and data optimization and hygiene services. This segment also includes the manufacture of ink. International The International segment consists of the Company's printing operations in Europe and Latin America, including operations in England, France, Germany, Poland, Argentina, Colombia, Mexico and Peru, as well as strategic investments in printing operations in Brazil and India. This segment provides printed products and complementary service offerings consistent with the United States Print and Related Services segment. Unrestricted subsidiaries as defined in the Company's Senior Unsecured Notes indenture represent less than 2.0% of total consolidated assets as of June 30, 2016, and less than 2.0% of total consolidated net sales for the three and six months ended June 30, 2016. Corporate Corporate consists of unallocated general and administrative activities and associated expenses including, in part, executive, legal and finance, as well as certain expenses and income from frozen employee retirement plans, such as pension benefit plans. The following is a summary of segment information for the three and six months ended June 30, 2016 and 2015:
| Net Sales |  | Operating Income (Loss) |  | Restructuring, Impairment and Transaction- Related Charges |  | Goodwill Impairment
| Products |  | Services |  |  |
Three months ended June 30, 2016 |  |  |  |  |  |  |  |  |
United States Print and Related Services | $ | 786.2 |  |  | $ | 140.7 |  |  | $ | 29.5 |  |  | $ | 4.3 |  |  | $ | — |
International | 101.2 |  |  | 4.2 |  |  | (1.4 | ) |  | 1.7 |  |  | — |
Total operating segments | 887.4 |  |  | 144.9 |  |  | 28.1 |  |  | 6.0 |  |  | — |
Corporate | — |  |  | — |  |  | (14.8 | ) |  | 1.4 |  |  | — |
Total | $ | 887.4 |  |  | $ | 144.9 |  |  | $ | 13.3 |  |  | $ | 7.4 |  |  | $ | — |
Three months ended June 30, 2015 |  |  |  |  |  |  |  |  |
United States Print and Related Services | $ | 823.6 |  |  | $ | 145.3 |  |  | $ | 12.6 |  |  | $ | 8.1 |  |  | $ | — |
International | 86.8 |  |  | 4.3 |  |  | (27.9 | ) |  | 24.5 |  |  | — |
Total operating segments | 910.4 |  |  | 149.6 |  |  | (15.3 | ) |  | 32.6 |  |  | — |
Corporate | — |  |  | — |  |  | (10.5 | ) |  | 1.7 |  |  | — |
Total | $ | 910.4 |  |  | $ | 149.6 |  |  | $ | (25.8 | ) |  | $ | 34.3 |  |  | $ | — |
Six months ended June 30, 2016 |  |  |  |  |  |  |  |  |
United States Print and Related Services | $ | 1,596.5 |  |  | $ | 280.9 |  |  | $ | 56.0 |  |  | $ | 31.6 |  |  | $ | — |
International | 188.2 |  |  | 9.2 |  |  | 2.0 |  |  | 2.0 |  |  | — |
Total operating segments | 1,784.7 |  |  | 290.1 |  |  | 58.0 |  |  | 33.6 |  |  | — |
Corporate | — |  |  | — |  |  | (31.7 | ) |  | 2.7 |  |  | — |
Total | $ | 1,784.7 |  |  | $ | 290.1 |  |  | $ | 26.3 |  |  | $ | 36.3 |  |  | $ | — |
Six months ended June 30, 2015 |  |  |  |  |  |  |  |  |
United States Print and Related Services | $ | 1,662.8 |  |  | $ | 297.5 |  |  | $ | 30.3 |  |  | $ | 22.7 |  |  | $ | — |
International | 177.9 |  |  | 9.8 |  |  | (55.4 | ) |  | 27.4 |  |  | 23.3 |
Total operating segments | 1,840.7 |  |  | 307.3 |  |  | (25.1 | ) |  | 50.1 |  |  | 23.3 |
Corporate | — |  |  | — |  |  | (12.5 | ) |  | (5.7 | ) |  | — |
Total | $ | 1,840.7 |  |  | $ | 307.3 |  |  | $ | (37.6 | ) |  | $ | 44.4 |  |  | $ | 23.3 |
Restructuring, impairment and transaction-related charges for the three and six months ended June 30, 2016 and 2015, are further described in Note 3, "Restructuring, Impairment and Transaction-Related Charges," and are included in the operating income (loss) results by segment above. Goodwill impairment for the six months ended June 30, 2015, is further described in Note 4, "Goodwill and Other Intangible Assets," and is included in the operating income (loss) results by segment above. A reconciliation of operating income (loss) to earnings (loss) before income taxes and equity in loss of unconsolidated entities as reported in the condensed consolidated statements of operations for the three and six months ended June 30, 2016 and 2015, was as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Operating income (loss) | $ | 13.3 |  |  | $ | (25.8 | ) |  | $ | 26.3 |  |  | $ | (37.6 | )
Less: interest expense | 18.6 |  |  | 21.6 |  |  | 39.3 |  |  | 44.1 |
Less: gain on debt extinguishment | — |  |  | — |  |  | (14.1 | ) |  | — |
Earnings (loss) before income taxes and equity in loss of unconsolidated entities | $ | (5.3 | ) |  | $ | (47.4 | ) |  | $ | 1.1 |  |  | $ | (81.7 | )

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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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&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=51669610&loc=d3e8906-108599 + Details
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