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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
We have four operating segments that supply a wide range of products:

•
Residential Products: This segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private-label finished mattresses for bedding brands. We also produce or distribute flooring underlayment, fabric, and geo components.
•
Industrial Products: This segment primarily supplies steel rod and drawn steel wire to our other operations and to external customers. Our customers use this wire to make mechanical springs and many other end products.
•
Furniture Products: This segment supplies a wide range of components for residential and work furniture manufacturers, as well as select lines of private-label finished furniture and adjustable bed bases.
•
Specialized Products: This segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. We also produce and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries.

Our reportable segments are the same as our operating segments, which also correspond with our management structure. Each reportable segment has an executive vice president who has accountability to and maintains regular contact with our chief executive officer, who is the chief operating decision maker (CODM). The operating results and financial information reported through the segment structure are regularly reviewed and used by the CODM to evaluate segment performance, allocate overall resources and determine management incentive compensation.
The accounting principles used in the preparation of the segment information are the same as those used for the consolidated financial statements. We evaluate performance based on Earnings Before Interest and Taxes (EBIT). Intersegment sales are made primarily at prices that approximate market-based selling prices. Centrally incurred costs are allocated to the segments based on estimates of services used by the segment. Certain of our general and administrative costs and miscellaneous corporate income and expenses are allocated to the segments based on sales or other appropriate metrics. These allocated corporate costs include depreciation and other costs and income related to assets that are not allocated or otherwise included in the segment assets.
A summary of segment results from continuing operations is shown in the following tables.
 
Trade
Sales
 
Inter-
Segment
Sales
 
Total
Sales
 
EBIT
 
Depreciation and Amortization
Three Months Ended June 30, 2019
 
 
 
 
 
 
 
 
 
Residential Products
$
606.7

 
$
3.6

 
$
610.3

 
$
44.4

 
$
26.0

Industrial Products
80.4

 
75.6

 
156.0

 
29.2

 
2.8

Furniture Products
259.1

 
2.2

 
261.3

 
20.9

 
4.0

Specialized Products
267.0

 
.7

 
267.7

 
41.5

 
10.4

Intersegment eliminations, unallocated assets and other 1
 
 
 
 
 
 
—

 
6.8

 
$
1,213.2

 
$
82.1

 
$
1,295.3

 
$
136.0

 
$
50.0

Three Months Ended June 30, 2018
 
 
 
 
 
 
 
Residential Products
$
438.8

 
$
4.7

 
$
443.5

 
$
40.0

 
$
11.7

Industrial Products
96.4

 
74.1

 
170.5

 
13.4

 
2.5

Furniture Products
291.4

 
3.6

 
295.0

 
16.3

 
4.4

Specialized Products
275.9

 
.6

 
276.5

 
51.9

 
9.8

Intersegment eliminations, unallocated assets and other 1
 
 
 
 
 
 
(.5
)
 
5.4

 
$
1,102.5

 
$
83.0

 
$
1,185.5

 
$
121.1

 
$
33.8

 
Trade
Sales
 
Inter-
Segment
Sales
 
Total
Sales
 
EBIT
 
Depreciation and Amortization
Six Months Ended June 30, 2019
 
 
 
 
 
 
 
 
 
Residential Products
$
1,143.1

 
$
6.4

 
$
1,149.5

 
$
76.3

 
$
49.2

Industrial Products
169.5

 
154.5

 
324.0

 
53.3

 
5.4

Furniture Products
525.8

 
5.2

 
531.0

 
27.3

 
8.0

Specialized Products
529.9

 
1.6

 
531.5

 
77.2

 
20.6

Intersegment eliminations, unallocated assets and other 1
 
 
 
 
 
 
.1

 
13.1

 
$
2,368.3

 
$
167.7

 
$
2,536.0

 
$
234.2

 
$
96.3

Six Months Ended June 30, 2018
 
 
 
 
 
 
 
Residential Products
$
836.9

 
$
9.3

 
$
846.2

 
$
75.0

 
$
23.0

Industrial Products
178.4

 
144.5

 
322.9

 
22.4

 
5.1

Furniture Products
572.7

 
6.5

 
579.2

 
34.3

 
8.7

Specialized Products
543.3

 
1.3

 
544.6

 
98.0

 
18.9

Intersegment eliminations, unallocated assets and other 1
 
 
 
 
 
 
(1.2
)
 
11.5

 
$
2,131.3

 
$
161.6

 
$
2,292.9

 
$
228.5

 
$
67.2


1 Unallocated depreciation and amortization consists primarily of depreciation of non-operating assets and amortization of debt issuance costs.

Average assets for our segments are shown in the table below and reflect the basis for return measures used by management to evaluate segment performance. These segment totals include working capital (all current assets and current liabilities) plus net property, plant and equipment. Segment assets for all years are reflected at their estimated average for the periods presented. 
 
June 30,
2019
 
December 31,
2018
Residential Products
$
800.4

 
$
609.4

Industrial Products
169.6

 
163.8

Furniture Products
253.9

 
279.8

Specialized Products
358.9

 
342.5

Average current liabilities included in segment numbers above
756.3

 
661.8

Unallocated assets 1
2,691.2

 
1,278.0

Difference between average assets and period-end balance sheet
(28.3
)
 
46.7

Total assets
$
5,002.0

 
$
3,382.0

 
1 Unallocated assets consist primarily of goodwill, other intangibles, cash and deferred tax assets.