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Segment Results (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of Net Sales

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

214.1

 

 

$

206.7

 

 

$

410.8

 

 

$

397.4

 

Architectural Specialties

 

 

57.9

 

 

 

41.9

 

 

 

103.3

 

 

 

78.5

 

Total net sales

 

$

272.0

 

 

$

248.6

 

 

$

514.1

 

 

$

475.9

 

Schedule of Segment Operating Income (Loss)

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Segment operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

79.4

 

 

$

59.5

 

 

$

127.0

 

 

$

103.2

 

Architectural Specialties

 

 

9.5

 

 

 

8.6

 

 

 

18.7

 

 

 

16.9

 

Unallocated Corporate

 

 

(1.7

)

 

 

(2.1

)

 

 

(3.8

)

 

 

(4.5

)

Total consolidated operating income

 

$

87.2

 

 

$

66.0

 

 

$

141.9

 

 

$

115.6

 

Reconciliation of Total Consolidated Operating Income to Earnings Before Income Taxes

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Total consolidated operating income

 

$

87.2

 

 

$

66.0

 

 

$

141.9

 

 

$

115.6

 

Interest expense

 

 

9.5

 

 

 

9.8

 

 

 

19.9

 

 

 

19.0

 

Other non-operating (income), net

 

 

(5.4

)

 

 

(9.1

)

 

 

(10.9

)

 

 

(18.1

)

Earnings from continuing operations before income taxes

 

$

83.1

 

 

$

65.3

 

 

$

132.9

 

 

$

114.7

 

Reconciliation of Total Segment Assets to Total Consolidated Assets

 

 

 

June 30, 2019

 

 

December 31, 2018

 

Segment assets

 

 

 

 

 

 

 

 

Mineral Fiber

 

$

1,122.1

 

 

$

1,096.1

 

Architectural Specialties

 

 

153.3

 

 

 

84.7

 

Unallocated Corporate

 

 

337.9

 

 

 

413.2

 

Total consolidated assets

 

$

1,613.3

 

 

$

1,594.0