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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
The accounting policies of the operating segments are the same as those described in Note 1 of the Company's Form 10-K. During the second quarter of 2017, as a result of recent acquisitions, the Company revised its reportable segments to now include a Distribution segment. The Water and Fueling segments include manufacturing operations and supply certain components and finished goods, both between segments and to the Distribution segment. The Company accounts for intersegment revenue transactions consistent with independent third party transactions, that is, at current market prices. Operating income by segment is based on net sales less identifiable operating expenses and allocations and includes profits recorded on sales to other segments of the Company.

Financial information by reportable business segment is included in the following summary:
 
Third Quarter Ended
 
Nine Months Ended
(In millions)
September 30, 2017
 
October 1, 2016
 
September 30, 2017
 
October 1, 2016
 
Net sales
Water Systems
 
 
 
 
 
 
 
External sales
$
179.5

 
$
182.0

 
$
532.5

 
$
545.4

Intersegment sales
17.0

 
—

 
34.7

 
—

Total sales
196.5

 
182.0

 
567.1

 
545.4

Distribution
 
 
 
 
 
 
 
External sales
68.1

 
—

 
127.2

 
—

Intersegment sales
—

 
—

 
—

 
—

Total sales
68.1

 
—

 
127.2

 
—

Fueling Systems
 
 
 
 
 
 
 
External sales
63.5

 
57.8

 
177.1

 
164.9

Intersegment sales
—

 
—

 
1.0

 
—

Total sales
63.5

 
57.8

 
178.1

 
164.9

 
 
 
 
 
 
 
 
Intersegment Eliminations/Other
(17.0
)
 
—

 
(35.7
)
 
—

Consolidated
$
311.1

 
$
239.8

 
$
836.7

 
$
710.3

 
 
 
 
 
 
 
 
 
Third Quarter Ended
 
Nine Months Ended
 
September 30, 2017
 
October 1, 2016
 
September 30, 2017
 
October 1, 2016
 
Operating income/(loss)
Water Systems
$
28.3

 
$
30.0

 
$
82.6

 
$
85.6

Distribution
2.0

 
—

 
5.6

 
—

Fueling Systems
17.1

 
15.2

 
43.0

 
40.9

Intersegment Eliminations/Other
(15.6
)
 
(13.4
)
 
(46.6
)
 
(40.9
)
Consolidated
$
31.8

 
$
31.8

 
$
84.6

 
$
85.6

 
 
 
 
 
 
 
 
 
September 30, 2017
 
December 31, 2016
 
 
 
 
 
Total assets
 
 
 
 
Water Systems
$
699.0

 
$
671.5

 
 
 
 
Distribution
158.8

 
—

 
 
 
 
Fueling Systems
260.9

 
251.1

 
 
 
 
Other
60.8

 
117.3

 
 
 
 
Consolidated
$
1,179.5

 
$
1,039.9

 
 
 
 


Other Assets are generally Corporate assets that are not allocated to the segments and are comprised primarily of cash and property, plant and equipment.