17. Segment Information

The Company reports four business segments: Outdoor Solutions, Consumer Solutions, Branded Consumables and Process Solutions. The Company’s sales are principally within the United States. The Company’s international operations are mainly based in Asia, Canada, Europe and Latin America. The Company and its chief operating decision maker use “segment earnings” to measure segment operating performance.

The Outdoor Solutions segment manufactures or sources, markets and distributes global consumer active lifestyle products for outdoor and outdoor-related activities. For general outdoor activities, Coleman^® is a leading brand for active lifestyle products, offering an array of products that include camping and outdoor equipment such as air beds, camping stoves, coolers, foldable furniture, gas grills, lanterns and flashlights, propane fuel, sleeping bags, tents and water recreation products such as inflatable boats, kayaks and tow-behinds. The Outdoor Solutions segment is also a leading provider of fishing equipment under brand names such as Abu Garcia^®, All Star^®, Berkley^®, Fenwick^®, Gulp!^®, JRC™, Mitchell^®, PENN^®, Pflueger^®, Sebile^®, Sevenstrand^®, Shakespeare^®, Spiderwire^®, Stren^®, Trilene^®, Ugly Stik^® and Xtools^®. Team sports equipment for baseball, softball, football, basketball and lacrosse products are sold under brand names such as deBeer^®, Gait^®, Miken^®, Rawlings^® and Worth^®. Alpine and nordic skiing, snowboarding, snowshoeing and in-line skating products are sold under brand names such as Atlas^®, Full Tilt^®, K2^®, Line^®, Little Bear^®, Madshus^®, Marker^®, Morrow^®, Ride^®, Tubbs^®, Völkl^® and 5150 Snowboards^®. Water sports equipment, personal flotation devices and all-terrain vehicle gear are sold under brand names such as Helium^®, Hodgman^®, Mad Dog Gear^®, Sevylor^®, Sospenders^® and Stearns^®. The Company also sells high performance technical and outdoor apparel and equipment under brand names such as CAPP3L^®, Ex Officio^®, K2^®, Marker^®, Marmot^®, Planet Earth^®, Ride^®, Völkl^® and Zoot^®, and premium air beds under the AeroBed^® brand. The Outdoor Solutions Segment also sells a variety of products sold internationally under brand names such as Campingaz^®, Esky^®, Greys^®, Hardy^® and Invicta^®.

The Consumer Solutions segment manufactures or sources, markets, and distributes a diverse line of household products, including kitchen appliances and home environment products. This segment maintains a strong portfolio of globally-recognized brands including Bionaire^®, Crock-Pot^®, FoodSaver^®, Health o meter^®, Holmes^®, Mr. Coffee^®, Oster^®, Patton^®, Rival^®, Seal-a-Meal^®, Sunbeam^® and Villaware^®. The principal products in this segment include: household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, tea kettles, toasters, toaster ovens and vacuum packaging machines; home environmental products, such as air purifiers, fans, heaters and humidifiers; clippers, trimmers and other hair care products for professional use in the beauty and barber and animal categories; electric blankets, mattress pads and throws; products for the hospitality industry; and scales for consumer use. The Consumer Solutions segment also has rights to sell various small appliance products, in substantially all of Europe under the Breville^® brand name.

The Branded Consumables segment manufactures or sources, markets and distributes a broad line of branded consumer products, many of which are affordable, consumable and fundamental household staples, including arts and crafts paint brushes, air fresheners, brooms, brushes, buckets, candles, children’s card games, clothespins, collectible tins, condoms, cord, rope and twine, dusters, dust pans, feeding bottles, fencing, fire extinguishing products, firelogs and firestarters, foam coolers, fresh preserving jars and accessories, home décor accessories, home fragrance products, kitchen matches, mops, other craft items, pacifiers, plastic cutlery, playing cards and accessories, rubber gloves and related cleaning products, safes, premium scented candles and accessories, security cameras, security doors, smoke and carbon monoxide alarms, soothers, sponges, storage organizers and workshop accessories, teats, toothpicks, travel sprays, window guards and other accessories. This segment markets our products under the Aviator^®, Ball^®, Bee^®, Bernardin^®, Bicycle^®, Billy Boy^®, BRK^®, Crawford^®, Diamond^®, Dicon^®, Fiona^®, First Alert^®, First Essentials^®, Hoyle^®, Java-Log^®, KEM^®, Kerr^®, Lehigh^®, Lillo^®, Loew-Cornell^®, Mapa^®, NUK^®, Pine Mountain^®, ProPak^®, Quickie Green Cleaning^®, Quickie Home-Pro^®, Quickie Microban^®, Quickie Original^®, Quickie Professional^®, Spontex^®, Tigex^®, Wellington^® and Yankee Candle^® brand names, among others.

The Process Solutions segment manufactures, markets and distributes a wide variety of plastic products including closures, contact lens packaging, medical disposables, plastic cutlery and rigid packaging. Many of these products are consumable in nature or represent components of consumer products. This segment’s materials business produces specialty nylon polymers, conductive fibers and monofilament used in various products, including woven mats used by paper producers and weed trimmer cutting line, as well as fiberglass radio antennas for marine, citizen band and military applications. This segment is also the largest North American producer of niche products fabricated from solid zinc strip and is the sole source supplier of copper-plated zinc penny blanks to the United States Mint and a major supplier to the Royal Canadian Mint, as well as a supplier of brass, bronze and nickel-plated finishes on steel and zinc for coinage to other international markets. In addition, the Company manufactures a line of industrial zinc products marketed globally for use in the architectural, automotive, construction, electrical component and plumbing markets.

Segment information as of and for the years ended December 31, 2013, 2012 and 2011 is as follows:


	2013
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	2,724.4		$	2,040.0		$	2,266.6		$	403.6		$	(78.7	)	$	7,355.9		$	—		$	7,355.9

Segment earnings (loss)		298.4			307.2			411.1			51.7			—			1,068.4			(132.4	)		936.0
Adjustments to reconcile to reported operating earnings (loss):
Fair value adjustment to inventory		(7.4	)		—			(82.4	)		—			—			(89.8	)		—			(89.8	)
Reorganization costs		(11.7	)		(3.3	)		(7.0	)		—			—			(22.0	)		—			(22.0	)
Acquisition-related and other costs (a)		(25.9	)		(1.4	)		(7.4	)		—			—			(34.7	)		17.1			(17.6	)
Venezuela devaluation-related charges		—			—			—			—			—			—			(29.0	)		(29.0	)
Other (b)		—			—			—			—			—			—			(38.8	)		(38.8	)
Depreciation and amortization		(57.3	)		(32.5	)		(60.8	)		(11.3	)		—			(161.9	)		(4.0	)		(165.9	)

Operating earnings (loss)	$	196.1		$	270.0		$	253.5		$	40.4		$	—		$	760.0		$	(187.1	)	$	572.9

Other segment data:
Total assets	$	2,892.7		$	2,055.6		$	4,131.6		$	183.0		$	—		$	9,262.9		$	833.2		$	10,096.1
Capital expenditures		87.2			39.0			39.0			8.4			—			173.6			37.4			211.0

	2012
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	2,692.9		$	1,940.9		$	1,753.1		$	377.1		$	(67.9	)	$	6,696.1		$	—		$	6,696.1

Segment earnings (loss)		325.2			285.9			259.2			47.1			—			917.4			(103.6	)		813.8
Adjustments to reconcile to reported operating earnings (loss):
Fair value adjustment to inventory		(2.8	)		(3.2	)		—			—			—			(6.0	)		—			(6.0	)
Reorganization costs		(12.6	)		(14.1	)		(0.4	)		—			—			(27.1	)		—			(27.1	)
Acquisition-related and other costs		(3.9	)		(1.6	)		(3.8	)		—			—			(9.3	)		(8.2	)		(17.5	)
Other (c)		—			—			—			—			—			—			(33.6	)		(33.6	)
Depreciation and amortization		(55.2	)		(34.7	)		(46.0	)		(13.5	)		—			(149.4	)		(3.4	)		(152.8	)

Operating earnings (loss)	$	250.7		$	232.3		$	209.0		$	33.6		$	—		$	725.6		$	(148.8	)	$	576.8

Other segment data:
Total assets	$	2,930.1		$	1,971.9		$	1,934.1		$	183.1		$	—		$	7,019.2		$	691.4		$	7,710.6
Capital expenditures		55.0			53.6			30.9			9.9			—			149.4			5.1			154.5
	2011
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	2,772.1		$	1,880.3		$	1,734.4		$	351.2		$	(58.1	)	$	6,679.9		$	—		$	6,679.9

Segment earnings (loss)		344.6			274.7			237.9			37.7			—			894.9			(104.1	)		790.8
Adjustments to reconcile to reported operating earnings (loss):
Fair value adjustment to inventory		—			—			(6.9	)		—			—			(6.9	)		—			(6.9	)
Reorganization costs		(13.5	)		(2.1	)		(6.4	)		(1.4	)					(23.4	)		—			(23.4	)
Acquisition-related and other costs (d)		7.1			(4.8	)		(10.8	)		(2.0	)		—			(10.5	)		(10.9	)		(21.4	)
Impairment of goodwill, intangibles and other assets		—			—			(52.5	)		—			—			(52.5	)		—			(52.5	)
Depreciation and amortization		(61.8	)		(31.1	)		(55.9	)		(12.4	)		—			(161.2	)		(2.5	)		(163.7	)

Operating earnings (loss)	$	276.4		$	236.7		$	105.4		$	21.9		$	—		$	640.4		$	(117.5	)	$	522.9

Other segment data:
Capital expenditures	$	61.4		$	23.2		$	31.6		$	8.6		$	—		$	124.8		$	2.1		$	126.9

(a)	Consolidated amount includes a net gain on the sale of certain assets recorded in the Corporate segment.

(b)	Represents stock-based compensation related to a grant of common stock to certain executive officers (see Note 13).

(c)	Represents cumulative stock-based compensation related to certain restricted share awards where compensation expense was not previously recognized as the achievement of the performance targets was not deemed probable (see Note 13).

(d)	Consolidated amount is net of gain on the sale of certain domestic assets recorded in the Outdoor Solutions segment.

Note: Intersegment sales are recorded at cost plus an agreed upon profit.

Geographic Information

Geographic information as of and for the years ended December 31, 2013, 2012 and 2011 is as follows:


(in millions)	Domestic		International		Total
2013
Net sales	$	4,482.7	$	2,873.2	$	7,355.9
Long-lived assets		464.7		387.9		852.6

2012
Net sales	$	4,078.5	$	2,617.6	$	6,696.1
Long-lived assets		344.3		334.3		678.6

2011
Net sales	$	4,082.7	$	2,597.2	$	6,679.9