Segment Results

6 Months Ended

Jun. 30, 2012

Segment Results [Abstract]

Segment Results

NOTE 2.SEGMENT RESULTS

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2012	2011	2012	2011
Net sales to external customers
Building Products	$297.0	$305.0	$600.1	$611.9
Resilient Flooring	253.5	274.7	480.8	509.4
Wood Flooring	124.8	133.6	230.4	244.6
Cabinets	34.6	35.3	66.6	67.9
Total net sales to external customers	$709.9	$748.6	$1,377.9	$1,433.8

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2012	2011	2012	2011
Segment operating income (loss)
Building Products	$53.5	$57.1	$96.8	$118.6
Resilient Flooring	21.9	11.3	32.6	10.0
Wood Flooring	13.8	13.4	16.3	16.9
Cabinets	(0.7)	0.8	(1.8)	-
Unallocated Corporate (expense)	(11.6)	(9.9)	(25.4)	(20.7)
Total consolidated operating income	$76.9	$72.7	$118.5	$124.8

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2012	2011	2012	2011
Total consolidated operating income	$76.9	$72.7	$118.5	$124.8
Interest expense	14.4	11.5	25.6	26.3
Other non-operating expense	0.3	0.8	0.3	1.1
Other non-operating income	(0.7)	(0.8)	(1.5)	(1.4)
Earnings before income taxes	$62.9	$61.2	$94.1	$98.8

	June 30, 2012	December 31, 2011
Segment assets
Building Products	$946.0	$935.6
Resilient Flooring	623.1	575.9
Wood Flooring	335.3	329.5
Cabinets	51.5	46.3
Total segment assets	1,955.9	1,887.3
Assets not assigned to segments	847.5	1,107.4
Total consolidated assets	$2,803.4	$2,994.7

Impairment testing of our tangible assets occurs whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable.  During the second quarter of 2012 we performed an impairment test of our Cabinets business due to losses incurred during the first six months of 2012.The carrying amount of the tangible assets was determined to be recoverable as the projected undiscounted cash flows exceeded the carrying value.

In March 2012, we made the decision to permanently close a previously idled ceiling tile plant in Mobile, AL.As a result, during the first quarter we recorded accelerated depreciation of $9.3 million for machinery and equipment and a $4.6 million impairment charge for buildings in cost of goods sold.The preliminary fair values were determined by management estimates and an independent valuation based on information available at that time (considered Level 2 inputs in the fair value hierarchy).

During the first quarter of 2011, we announced the idling of our Statesville, NC engineered wood production facility.As a result, we evaluated the impairment implications of this decision and determined no impairment charge was necessary.