Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Net sales, operating earnings (loss) and earnings (loss) before provision (benefit) for income taxes for the Company’s reporting segments for the three years ended December 31, 2012 were as follows:

	For the year ended December 31,
	2012			2011			2010
	(Dollar amounts in millions)
Net sales:
RESV	$	598.3		$	591.2		$	602.7
TECH	422.7			455.2			396.9
DMS	284.6			280.6			66.7
RHC	381.8			378.6			470.5
CES	513.9			434.9			362.5
Consolidated net sales	$	2,201.3		$	2,140.5		$	1,899.3
Operating earnings (loss):
RESV (1)	$	73.3		$	32.6		$	56.1
TECH (2)	14.2			35.4			10.7
DMS	33.1			22.2			1.4
RHC (3)	8.5			1.4			23.6
CES (4)	42.9			12.0			5.7
Subtotal	172.0			103.6			97.5
Executive retirement	—			(8.7		)	—
Unallocated, net (5)	(44.4		)	(31.8		)	(26.9		)
Consolidated operating earnings	127.6			63.1			70.6
Interest expense	(96.5		)	(105.6		)	(95.7		)
Loss from debt retirement	(6.4		)	(33.8		)	—
Investment income	0.1			0.1			0.1
Earnings (loss) before provision (benefit) for income taxes	$	24.8		$	(76.2	)	$	(25.0	)

(1) In 2012, includes (1) approximately $1.8 million (of which approximately $1.7 million was recorded during the fourth quarter of 2012) of contractual termination benefits and other charges relating to exit and disposal activities and (2) a decrease in product liability expense of approximately $9.4 million as compared to 2011 as a result of favorable settlement of claims primarily in 2012, and (3) a decrease in net foreign exchange losses of approximately $3.5 million related to transactions, including intercompany debt not indefinitely invested in the Company's subsidiaries as compared to 2011. In 2011, includes (1) approximately $16.9 million (of which approximately $13.5 million was recorded during the fourth quarter of 2011) of severance and other charges relating to exit and disposal activities and (2) a decrease in product liability expense of approximately $8.2 million (of which approximately $7.9 million occurred in the fourth quarter of 2011) as compared to 2010 as a result of favorable settlement of claims primarily in the fourth quarter of 2011. In 2010, includes a reduction in warranty reserves of approximately $4.1 million due to the Company's change in estimate of expected warranty claims and a charge of approximately $1.9 million related to a product safety upgrade program.

(2) For 2012, includes approximately $6.1 million of costs and expenses related to inventory reserves and one time termination benefits in conjunction with combining certain subsidiaries within the segment and a charge of approximately $3.7 million relating to the decision to discontinue development of a certain new product within the segment. In 2011, includes approximately $1.2 million of severance and other charges relating to exit and disposal activities and approximately $4.9 million of additional warranty expense related to a certain customer. In 2010, includes approximately $4.5 million of severance and other charges related to the closure of certain facilities and a gain of approximately $3.0 million related to the reversal of a loss contingency reserve that was previously provided in 2009 related to one of the Company's subsidiaries.

(3) For 2012, includes a decrease in product liability expense of approximately $1.2 million as compared to the same period of 2011 as a result of favorable claims settlement during 2012. In 2011, includes an increase in product liability expense of approximately $1.7 million as compared to 2010 resulting from the favorable settlement of claims that occurred in 2010.

(4) For 2012, includes costs of approximately $1.2 million relating to the relocation of equipment to a new facility. In 2011, includes a decrease of approximately $1.0 million in product liability expense as compared to 2010 primarily as a result of the favorable settlement of claims. In 2010, includes a reduction in warranty reserves of approximately $0.7 million due to the Company's change in estimate of expected warranty claims.

(5) For 2012, includes (1) approximately $6.8 million related to operational improvement initiatives, including certain staff additions, outside consulting fees related to certain strategic reviews and other costs, (2) approximately $3.4 million of share-based compensation expense, and (3) approximately $1.8 million of outside consulting fees relating to strategic reviews. In 2011, includes approximately $0.8 million of CEO transition expenses and approximately $1.4 million of outside consulting fees relating to strategic reviews. In 2010, includes non-cash share-based compensation expense of approximately $2.0 million, a gain of approximately $2.7 million relating to the reversal of a portion of a loss contingency reserve provided in prior periods, and approximately $2.2 million of fees and expenses associated with the acquisition of Ergotron.

See Note 6, “Commitments and Contingencies”, and Note 8, “Income Taxes”, with respect to certain other income (expense) items affecting segment earnings (loss).

Depreciation expense, amortization expense and capital expenditures for the Company’s segments are presented in the table that follows for the periods presented:

	For the year ended December 31,
	2012		2011		2010
	(Dollar amounts in millions)
Depreciation Expense:
RESV	$	13.7	$	13.6	$	16.2
TECH	4.4		5.4		5.6
DMS	5.3		4.0		0.3
RHC	8.9		11.6		14.4
CES	6.0		6.4		5.8
Unallocated	0.2		0.2		0.2
Consolidated depreciation expense	$	38.5	$	41.2	$	42.5
Amortization expense:
RESV (1)	$	15.3	$	15.3	$	18.4
TECH (2)	10.2		10.1		17.5
DMS (3)	12.1		20.2		0.9
RHC (4)	1.7		1.2		1.7
CES (5)	5.9		5.9		10.7
Unallocated	—		—		—
Consolidated amortization expense	$	45.2	$	52.7	$	49.2
Capital Expenditures:
RESV	$	5.7	$	4.9	$	5.9
TECH	4.2		3.4		3.2
DMS	4.5		5.1		0.1
RHC	1.4		2.6		3.0
CES	6.5		5.0		7.3
Unallocated (6)	2.7		0.1		0.3
Consolidated capital expenditures	$	25.0	$	21.1	$	19.8

(1) Includes amortization of excess purchase price allocated to inventory recorded as a non-cash charge to cost of products sold of approximately $1.4 million for 2010.

(2) Includes amortization of excess purchase price allocated to inventory recorded as a non-cash charge to cost of products sold of approximately $0.2 million and $8.4 million for 2011 and 2010, respectively.

(3) Includes amortization of excess purchase price allocated to inventory recorded as a non-cash charge to cost of products sold of approximately $7.3 million and $0.9 million for 2011 and 2010, respectively.

(4) Includes amortization of excess purchase price allocated to inventory recorded as a non-cash charge to cost of products sold of approximately $0.9 million, $0.4 million and $0.8 million for 2012, 2011 and 2010, respectively.

(5) Includes amortization of excess purchase price allocated to inventory recorded as a non-cash charge to cost of products sold of approximately $0.7 million for 2010.

(6) Includes capital expenditures financed under capital leases of approximately $0.9 million for 2012.

Reconciliation of Assets from Segment to Consolidated

Segment assets at December 31, 2012 and December 31, 2011 for the Company’s reporting segments are presented in the table that follows:

	December 31, 2012		December 31, 2011
	(Dollar amounts in millions)
Segment Assets:
RESV	$	647.0	$	672.0
TECH	313.3		323.4
DMS	393.4		424.8
RHC	134.5		168.4
CES	189.5		218.3
	1,677.7		1,806.9
Unallocated:
Cash and cash equivalents, including current restricted cash	144.9		58.3
Prepaid income taxes	29.3		38.7
Other assets, including long-term restricted investments and marketable securities	36.2		38.0
Consolidated assets	$	1,888.1	$	1,941.9