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Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The following tables summarize the impact of adopting Topic 606 on the Company’s Condensed Consolidated Financial Statements as of and for the periods ended September 30, 2018:
 
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
(in millions)
As Reported
 
Balances Without Adoption of Topic 606
 
Effect of Change
Higher/(Lower)
 
As Reported
 
Balances Without Adoption of Topic 606
 
Effect of Change
Higher/(Lower)
Statement of Income
 
 
 
 
 
 
 
 
 
 
 
Net sales
$
729.5

 
$
724.0

 
$
5.5

 
$
2,026.8

 
$
2,010.5

 
$
16.3

Royalty income, net of royalty expense

 
5.5

 
(5.5
)
 

 
16.3

 
(16.3
)


 
September 30, 2018
(in millions)
As Reported
 
Balances Without Adoption of Topic 606
 
Effect of Change
Higher/(Lower)
Balance Sheet
 
 
 
 
 
Assets
 
 
 
 
 
Prepaid expenses and other current assets
$
243.3

 
$
242.0

 
$
1.3

Deferred income taxes
22.8

 
21.9

 
0.9

Other non-current assets
102.3

 
101.4

 
0.9

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Accrued expenses and other current liabilities
$
376.0

 
$
373.4

 
$
2.6

Other non-current liabilities
126.7

 
123.8

 
2.9

 
 
 
 
 
 
Stockholders' Equity
 
 
 
 
 
Total stockholders' equity
$
209.5

 
$
211.9

 
$
(2.4
)
Disaggregation of Revenue
The following table presents the Company's disaggregated revenue by channel, product and geographical region, including a reconciliation of disaggregated revenue by segment, for the three and nine months ended September 30, 2018:
 
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
(in millions)
North America
 
International
 
Consolidated
 
North America
 
International
 
Consolidated
Channel
 
 
 
 
 
 
 
 
 
 
 
Wholesale
$
553.6

 
$
107.3

 
$
660.9

 
$
1,501.9

 
$
343.7

 
$
1,845.6

Direct
42.2

 
26.4

 
68.6

 
106.7

 
74.5

 
181.2

Net sales
$
595.8

 
$
133.7

 
$
729.5

 
$
1,608.6

 
$
418.2

 
$
2,026.8

 
 
 
 
 
 
 
 
 
 
 
 
 
North America
 
International
 
Consolidated
 
North America
 
International
 
Consolidated
Product
 
 
 
 
 
 
 
 
 
 
 
Bedding products
$
563.0

 
$
108.3

 
$
671.3

 
$
1,512.7

 
$
335.9

 
$
1,848.6

Other products
32.8

 
25.4

 
58.2

 
95.9

 
82.3

 
178.2

Net sales
$
595.8

 
$
133.7

 
$
729.5

 
$
1,608.6

 
$
418.2

 
$
2,026.8

 
 
 
 
 
 
 
 
 
 
 
 
 
North America
 
International
 
Consolidated
 
North America
 
International
 
Consolidated
Geographical region
 
 
 
 
 
 
 
 
 
 
 
United States
$
536.8

 
$

 
$
536.8

 
$
1,454.6

 
$

 
$
1,454.6

Canada
59.0

 

 
59.0

 
154.0

 

 
154.0

International

 
133.7

 
133.7

 

 
418.2

 
418.2

Net sales
$
595.8

 
$
133.7

 
$
729.5

 
$
1,608.6

 
$
418.2

 
$
2,026.8