SEGMENT AND GEOGRAPHIC INFORMATION

12 Months Ended

Jan. 02, 2016

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 business segment is included in the following summary:

	Net sales to external customers						Operating income (loss)
(In millions)	2015		2014		2013		2015			2014			2013
Water Systems	$	707.6	$	824.6	$	766.4	$	86.7		$	103.9		$	131.3
Fueling Systems	217.3		223.2		199.1		51.5			49.7			42.6
Other	—		—		—		(47.8		)	(53.5		)	(50.1		)
Consolidated	$	924.9	$	1,047.8	$	965.5	$	90.4		$	100.1		$	123.8
	Total assets						Depreciation
	2015		2014				2015			2014			2013
Water Systems	$	677.6	$	757.5			$	19.5		$	19.9		$	18.1
Fueling Systems	248.5		252.7				2.5			2.4			1.9
Other	70.3		65.7				4.8			5.8			3.4
Consolidated	$	996.4	$	1,075.9			$	26.8		$	28.1		$	23.4
	Amortization						Capital expenditures
	2015		2014		2013		2015			2014			2013
Water Systems	$	6.6	$	7.1	$	6.0	$	19.5		$	33.8		$	31.0
Fueling Systems	1.9		1.8		1.9		1.4			3.9			4.0
Other	0.1		0.2		0.1		5.0			4.7			32.2
Consolidated	$	8.6	$	9.1	$	8.0	$	25.9		$	42.4		$	67.2

Property, plant and equipment is the major asset group in "Other" of total assets at January 2, 2016. Property, plant and equipment is the major asset group in "Other" of total assets at January 3, 2015.

Financial information by geographic region is as follows:

	Net sales						Long-lived assets
(In millions)	2015		2014		2013		2015		2014
United States	$	418.5	$	485.5	$	460.5	$	404.1	$	418.0
Foreign	506.4		562.3		505.0		150.7		184.4
Consolidated	$	924.9	$	1,047.8	$	965.5	$	554.8	$	602.4

Net sales are attributed to geographic regions based upon the ship to location of the customer. Long-lived assets are attributed to geographic regions based upon the country of domicile.

No single customer accounted for more than 10 percent of the Company’s consolidated sales in 2015, 2014, or 2013. No single customer accounted for more than 10 percent of the Company's gross accounts receivable in 2015 or 2014.