SEGMENT AND GEOGRAPHIC INFORMATION

12 Months Ended

Dec. 29, 2012

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC INFORMATION

SEGMENT AND GEOGRAPHIC INFORMATION

The Company’s business consists of the Water Systems and Fueling Systems reportable segments, based on the principal end market served.  The Company includes unallocated corporate expenses and inter-company eliminations in an “Other” segment that together with the Water Systems and Fueling Systems segments, represent the Company.

The Water Systems segment designs, manufactures and sells motors, pumps, electronic controls and related parts and equipment primarily for use in submersible water and other fluid system applications. The Fueling Systems segment designs, manufactures and sells pumps, electronic controls and related parts and equipment primarily for use in submersible fueling system applications. The Fueling Systems segment integrates and sells motors and electronic controls produced by the Water Systems segment.

The accounting policies of the Company's reportable segments are the same as those described in Note 1 (Summary of Significant Accounting Policies). Performance is evaluated based on the sales and operating income of the segments and a variety of ratios to measure performance. These results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented.

Financial information by reportable segment is as follows:

(In millions)	2012		2011		2010		2012			2011			2010
	Net sales to external customers						Operating income (loss)
Water Systems	$	715.0	$	654.1	$	583.3	$	124.1		$	105.3		$	84.0
Fueling Systems	176.3		167.0		130.5		36.6			31.3			17.4
Other	—		—		—		(47.7		)	(43.2		)	(37.4		)
Consolidated	$	891.3	$	821.1	$	713.8	$	113.0		$	93.4		$	64.0
	2012		2011				2012			2011			2010
	Total assets						Depreciation
Water Systems	$	692.0	$	535.3			$	16.9		$	15.2		$	16.2
Fueling Systems	252.0		222.2				1.8			1.8			1.4
Other	32.4		72.0				2.4			2.4			1.9
Consolidated	$	976.4	$	829.5			$	21.1		$	19.4		$	19.5
	2012		2011		2010		2012			2011			2010
	Amortization						Capital expenditures
Water Systems	$	5.7	$	4.2	$	3.2	$	25.2		$	13.8		$	10.8
Fueling Systems	1.5		1.7		1.4		3.3			1.8			0.1
Other	—		—		—		13.6			5.5			1.9
Consolidated	$	7.2	$	5.9	$	4.6	$	42.1		$	21.1		$	12.8

Cash is the major asset group in “Other” of total assets.

Financial information by geographic region is as follows:

(In millions)	2012		2011		2010		2012		2011
	Net sales						Long-lived assets
United States	$	428.5	$	371.0	$	319.9	$	330.0	$	257.0
Foreign	462.8		450.1		393.9		215.0		172.0
Consolidated	$	891.3	$	821.1	$	713.8	$	545.0	$	429.0

No single customer accounted for more than 10 percent of the Company’s consolidated sales and accounts receivable in 2012, 2011, or 2010.