Relationship with AWI
|6 Months Ended|
Jun. 30, 2017
|Related Party Transactions [Abstract]|
|Relationship with AWI||
RELATIONSHIP WITH AWI
Allocation of general corporate and other expenses
For periods prior to the Spin-off, these Condensed Consolidated Financial Statements include expense allocations for certain functions provided by AWI, including, but not limited to finance, legal, information technology, and human resources, as well as pension expenses. Beginning in the first quarter of 2016, such expenses were incurred directly by our segments. No expenses were allocated to us after the Spin-off.
The presentation of these costs allocated to us by AWI in our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows:
In the first quarter of 2017, we recorded an adjustment of $1.3 million to the tax attributes assumed upon separation.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef