Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.4.0.3
Segment Information
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
Resilient Flooring — Our Resilient Flooring segment designs, manufactures, sources and sells a broad range of floor coverings primarily for homes and commercial and institutional buildings under various brands, including the Armstrong brand. Manufactured products in this segment include vinyl sheet, vinyl tile, and luxury vinyl tile (“LVT”) flooring. In addition, our Resilient Flooring segment sources and sells laminate flooring products, vinyl tile products, vinyl sheet products, LVT products, linoleum products, adhesives, and installation and maintenance materials and accessories. Resilient Flooring products are offered in a wide variety of types, designs, colors and installation options. We sell these products to independent wholesale flooring distributors, large home centers, retailers, contractors and to the manufactured homes industry, and secure specifications for these products through architects, designers and end users. When market conditions and available capacity warrant, we also provide product on an original equipment manufacturer (“OEM”) basis to other flooring companies.
Wood Flooring — Our Wood Flooring segment designs, manufactures, sources and sells hardwood flooring products for use in new residential construction and renovation, with some commercial applications in stores, restaurants and high-end offices under the Armstrong and Bruce brands. The product offering includes pre-finished solid and engineered wood floors in various wood species, and related accessories. Virtually all of our Wood Flooring sales are in North America. Our Wood Flooring products are generally sold to independent wholesale flooring distributors, large home centers, retailers and flooring contractors. When market conditions and available capacity warrant, we also provide product on an OEM basis to other flooring companies.
Segment operating income (loss) is the measure of segment profit or loss reviewed by our chief operating decision maker. The sum of the segments’ operating income (loss) equals the total combined operating income (loss) as reported on our Condensed Combined Statements of Operations and Comprehensive Income (Loss).
 
 
Three Months Ended March 31,
(Dollars in millions)
 
2016
 
2015
Net sales to external customers
 
 
 
 
Resilient Flooring
 
$
163.9

 
$
156.8

Wood Flooring
 
120.5

 
102.6

Total net sales to external customers
 
$
284.4

 
$
259.4

 
 
 
 
 
Segment operating income (loss)
 
 
 
 
Resilient Flooring
 
$
(5.4
)
 
$
0.5

Wood Flooring
 
0.8

 
(3.9
)
Total operating loss
 
$
(4.6
)
 
$
(3.4
)
(Dollars in millions)
March 31, 2016
 
December 31, 2015
Segment assets
 
 
 
Resilient Flooring
$
530.3

 
$
539.5

Wood Flooring
351.4

 
323.9

Total assets
$
881.7

 
$
863.4