SEGMENT AND GEOGRAPHIC INFORMATION

12 Months Ended

Jan. 03, 2015

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:

	Net sales to external customers						Operating income (loss)
(In millions)	2014		2013		2012		2014			2013			2012
Water Systems	$	824.6	$	766.4	$	715.0	$	103.9		$	131.3		$	124.1
Fueling Systems	223.2		199.1		176.3		49.7			42.6			36.6
Other	—		—		—		(53.5		)	(50.1		)	(47.7		)
Consolidated	$	1,047.8	$	965.5	$	891.3	$	100.1		$	123.8		$	113.0
	Total assets						Depreciation
	2014		2013				2014			2013			2012
Water Systems	$	757.5	$	714.7			$	19.9		$	18.1		$	16.9
Fueling Systems	252.7		247.9				2.4			1.9			1.8
Other	65.7		89.3				5.8			3.4			2.4
Consolidated	$	1,075.9	$	1,051.9			$	28.1		$	23.4		$	21.1
	Amortization						Capital expenditures
	2014		2013		2012		2014			2013			2012
Water Systems	$	7.1	$	6.0	$	5.7	$	33.8		$	31.0		$	25.2
Fueling Systems	1.8		1.9		1.5		3.9			4.0			3.3
Other	0.2		0.1		—		4.7			32.2			13.6
Consolidated	$	9.1	$	8.0	$	7.2	$	42.4		$	67.2		$	42.1

Property, plant and equipment is the major asset group in "Other" of total assets at January 3, 2015. Cash is the major asset group in "Other" of total assets at December 28, 2013.

Financial information by geographic region is as follows:

	Net sales						Long-lived assets
(In millions)	2014		2013		2012		2014		2013
United States	$	485.5	$	460.5	$	428.5	$	418.0	$	377.3
Foreign	562.3		505.0		462.8		184.4		199.2
Consolidated	$	1,047.8	$	965.5	$	891.3	$	602.4	$	576.5

No single customer accounted for more than 10 percent of the Company’s consolidated sales in 2014, 2013, or 2012. No single customer accounted for more than 10 percent of the Company's gross accounts receivable in 2014 or 2013.