Segment Results

6 Months Ended

Jun. 30, 2013

Segment Results [Abstract]

Segment Results

NOTE 2.  SEGMENT RESULTS

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2013	2012	2013	2012
Net sales to external customers
Building Products	$ 316.3	$ 297.1	$ 609.1	$ 600.2
Resilient Flooring	252.1	253.5	466.9	480.8
Wood Flooring	138.2	124.8	252.9	230.4
Total net sales to external customers	$ 706.6	$ 675.4	$ 1,328.9	$ 1,311.4

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2013	2012	2013	2012
Segment operating income (loss)
Building Products	$ 64.7	$ 53.5	$ 124.0	$ 96.8
Resilient Flooring	17.7	21.9	24.1	32.6
Wood Flooring	2.5	13.8	3.0	16.3
Unallocated Corporate (expense)	(17.3)	(11.6)	(36.5)	(25.4)
Total consolidated operating income	$ 67.6	$ 77.6	$ 114.6	$ 120.3

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2013	2012	2013	2012
Total consolidated operating income	$ 67.6	$ 77.6	$ 114.6	$ 120.3
Interest expense	11.8	14.4	45.0	25.6
Other non-operating expense	0.7	0.3	0.7	0.3
Other non-operating income	(1.4)	(0.7)	(2.7)	(1.5)
Earnings from continuing operations before income taxes	$ 56.5	$ 63.6	$ 71.6	$ 95.9

	June 30, 2013	December 31, 2012
Segment assets
Building Products	$ 1,032.4	$ 975.1
Resilient Flooring	665.6	617.6
Wood Flooring	349.9	326.4
Unallocated Corporate	913.9	935.2
Total consolidated assets	$ 2,961.8	$ 2,854.3

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. 

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 of 2012 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).