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Segment Results (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Schedule of Net Sales

In connection with the announced sale of our EMEA and Pacific Rim businesses, our former EMEA and Pacific Rim segments have been excluded from our results of continuing operations and segment assets.  As a result, our operating segments are as follows:  Mineral Fiber, Architectural Specialties and Unallocated Corporate.  

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

206.7

 

 

$

190.1

 

 

$

397.4

 

 

$

379.9

 

Architectural Specialties

 

 

41.9

 

 

 

35.5

 

 

 

78.5

 

 

 

65.5

 

Total net sales

 

$

248.6

 

 

$

225.6

 

 

$

475.9

 

 

$

445.4

 

 

Schedule of Segment Operating Income (Loss)

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Segment operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

59.5

 

 

$

64.1

 

 

$

103.2

 

 

$

119.6

 

Architectural Specialties

 

 

8.6

 

 

 

8.1

 

 

 

16.9

 

 

 

12.9

 

Unallocated Corporate

 

 

(2.1

)

 

 

(3.0

)

 

 

(4.5

)

 

 

(6.0

)

Total consolidated operating income

 

$

66.0

 

 

$

69.2

 

 

$

115.6

 

 

$

126.5

 

 

Reconciliation of Total Consolidated Operating Income to Earnings Before Income Taxes

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Total consolidated operating income

 

$

66.0

 

 

$

69.2

 

 

$

115.6

 

 

$

126.5

 

Interest expense

 

 

9.8

 

 

 

8.9

 

 

 

19.0

 

 

 

17.8

 

Other non-operating (income), net

 

 

(9.1

)

 

 

(8.3

)

 

 

(18.1

)

 

 

(17.2

)

Earnings from continuing operations before income taxes

 

$

65.3

 

 

$

68.6

 

 

$

114.7

 

 

$

125.9

 

 

Reconciliation of Total Segment Assets to Total Consolidated Assets

 

Segment assets

 

June 30, 2018

 

 

December 31, 2017

 

Mineral Fiber

 

$

1,166.5

 

 

$

1,193.5

 

Architectural Specialties

 

 

63.6

 

 

 

53.2

 

Unallocated Corporate

 

 

296.7

 

 

 

320.7

 

Total consolidated assets

 

$

1,526.8

 

 

$

1,567.4