Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.8.0.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table summarizes the activity, by component, related to the change in AOCI for December 31, 2017 and 2016:
 
Foreign Currency Translation Adjustments
 
Derivative Adjustments
 
Pension and Postretirement Adjustments
 
Total Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2015
$
0.1

 
$
2.3

 
$
(0.4
)
 
$
2.0

Net transfer from AWI
8.6

 
(0.2
)
 
(62.6
)
 
(54.2
)
Other comprehensive (loss) before reclassifications, net of tax impact of $ — , $(0.1), $0.5 and $0.4
(8.2
)
 
(0.6
)
 
(0.9
)
 
(9.7
)
Amounts reclassified from accumulated other comprehensive income

 
(1.0
)
 
3.1

 
2.1

Net current period other comprehensive (loss) income
(8.2
)
 
(1.6
)
 
2.2

 
(7.6
)
Balance, December 31, 2016
$
0.5

 
$
0.5

 
$
(60.8
)
 
$
(59.8
)
Other comprehensive income (loss) before reclassifications, net of tax impact of $ — , $0.7, $1.2 and $1.9
7.2

 
(1.9
)
 
(5.4
)
 
(0.1
)
Amounts reclassified from accumulated other comprehensive income

 
0.4

 
7.0

 
7.4

Net current period other comprehensive income (loss)
7.2

 
(1.5
)
 
1.6

 
7.3

Balance, December 31, 2017
$
7.7

 
$
(1.0
)
 
$
(59.2
)
 
$
(52.5
)

The amounts and related tax effects allocated to each component of OCI in 2017, 2016 and 2015 are presented in the table below.
 
Pre-tax Amount
 
Tax Impact
 
After-tax Amount
2017
 
 
 
 
 
Foreign currency translation adjustments
$
7.2

 
$

 
$
7.2

Derivative adjustments
(2.0
)
 
0.5

 
(1.5
)
Pension and postretirement adjustments
2.2

 
(0.6
)
 
1.6

Total other comprehensive income
$
7.4

 
$
(0.1
)
 
$
7.3

 
 
 
 
 
 
2016
 
 
 
 
 
Foreign currency translation adjustments
$
(8.2
)
 
$

 
$
(8.2
)
Derivative adjustments
(2.0
)
 
0.4

 
(1.6
)
Pension and postretirement adjustments
3.3

 
(1.1
)
 
2.2

Total other comprehensive (loss)
$
(6.9
)
 
$
(0.7
)
 
$
(7.6
)
 
 
 
 
 
 
2015
 
 
 
 
 
Foreign currency translation adjustments
$
(12.1
)
 
$

 
$
(12.1
)
Derivative adjustments
0.6

 

 
0.6

Postretirement adjustments
(0.2
)
 

 
(0.2
)
Total other comprehensive (loss)
$
(11.7
)
 
$

 
$
(11.7
)
Reclassification out of Accumulated Other Comprehensive Income
The amounts reclassified from AOCI and the affected line item of the Consolidated Statements of Operations and Comprehensive Income (Loss) are presented in the table below.
 
Year Ended December 31,
 
 
 
2017
 
2016
 
2015
 
Affected Line Item
Derivative adjustments
 
 
 
 
 
 
 
Foreign exchange contracts - purchases
$

 
$
0.3

 
$
0.7

 
Cost of goods sold
Foreign exchange contracts - sales
0.6

 
(1.8
)
 
(4.5
)
 
Net sales
Total expense/(income) before tax
0.6

 
(1.5
)
 
(3.8
)
 
 
Tax impact
(0.2
)
 
0.5

 

 
Income tax expense
Total expense (income), net of tax
0.4

 
(1.0
)
 
(3.8
)
 
 
Pension and postretirement adjustments
 
 
 
 
 
 
 
Prior service cost amortization
0.2

 

 

 
Cost of goods sold
Prior service cost amortization
0.2

 
0.1

 

 
Selling, general and administrative expense
Amortization of net actuarial loss
4.6

 
2.0

 

 
Cost of goods sold
Amortization of net actuarial loss
3.8

 
2.7

 

 
Selling, general and administrative expense
Total expense before tax
8.8

 
4.8

 

 
 
Tax impact
(1.8
)
 
(1.7
)
 

 
Income tax expense
Total expense, net of tax
7.0

 
3.1

 

 
 
Total reclassifications for the period
$
7.4

 
$
2.1

 
$
(3.8
)