XML 47 R43.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 19 - Segment Information (Tables)
 12 Months Ended
Dec. 31, 2014
Note 19 - Segment Information (Tables) [Line Items]  
Schedule Reconciling Net (Loss) Income To Adjusted EBITDA
The following table reconciles Adjusted EBITDA to Net (loss) income attributable to common shareholders:
 (amounts in millions)
 
For the year ended
December 31, 2014
 
For the
period from inception
(April 23, 2013) through
December 31, 2013
 
For the ten months ended
October 31, 2013
 
For the year ended
December 31, 2012
 
 
(Successor)
 
(Successor)
 
(Predecessor)
 
(Predecessor)
Adjusted EBITDA
 
$
212.2

 
$
27.4

 
$
152.7

 
$
162.2

Adjustments to reconcile net (loss) income:
 
 

 
 

 
 

 
 

Income tax benefit (provision)
 
6.7

 
5.8

 
(13.0
)
 
(24.7
)
Interest expense
 
(38.7
)
 
(5.5
)
 
(46.3
)
 
(49.7
)
Depreciation and amortization expense
 
(88.0
)
 
(12.8
)
 
(32.8
)
 
(42.2
)
Non-cash charges related to preferred dividend rights
 
—

 
(172.0
)
 
—

 
—

Equity based compensation
 
(1.3
)
 
(0.5
)
 
(9.3
)
 
(0.2
)
Restructuring and related expenses
 
(3.0
)
 
(3.5
)
 
(4.5
)
 
(1.2
)
Manufacturer's profit in inventory adjustment
 
(35.5
)
 
(23.9
)
 
—

 
—

Non-cash fair value adjustment to contingent consideration
 
(29.1
)
 
0.7

 
—

 
—

Acquisition transaction costs
 
(47.8
)
 
(15.2
)
 
(16.9
)
 
—

Debt extinguishment
 
—

 
—

 
(18.8
)
 
—

Other (expense) income
 
(5.4
)
 
5.3

 
2.1

 
1.8

Net (loss) income attributable to shareholders
 
$
(29.9
)
 
$
(194.2
)
 
$
13.2

 
$
46.0
Schedule of Revenue by Major Customers by Reporting Segments
The following tables provide information for those countries that represent 10% or more of net sales and long-lived assets:
 (amounts in millions)
 
For the year ended
December 31, 2014
 
For the
period from inception
(April 23, 2013) through
December 31, 2013
 
For the ten months ended
October 31, 2013
 
For the year ended
December 31, 2012
 
 
(Successor)
 
(Successor)
 
(Predecessor)
 
(Predecessor)
Net Sales*:
 
 
 
 
 
 
 
 
United States
 
$
217.4

 
$
31.5

 
$
176.4

 
$
205.6

Foreign Net Sales:
 
 

 
 

 
 

 
 

United Kingdom
 
119.1

 
17.8

 
93.4

 
115.2

China
 
87.8

 
13.5

 
64.2

 
66.3

Other countries
 
418.9

 
55.4

 
293.7

 
344.1

Total Foreign Net Sales
 
625.8

 
86.7

 
451.3

 
525.6

Total consolidated net sales
 
$
843.2

 
$
118.2

 
$
627.7

 
$
731.2

 
* Net sales are attributed to countries based on the country which generates the sale.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
 (amounts in millions)
December 31, 2014
Long lived assets, net (1)
 
United States
$
64.8

Foreign countries
 

Belgium
28.9

United Kingdom
28.0

Other countries
53.3

Total foreign countries
110.2

Total long lived assets, net
$
175.0

 (amounts in millions)
December 31, 2013
United States
$
56.5

Foreign countries
 

United Kingdom
30.0

China
17.4

Italy
13.8

Other countries
18.5

Total foreign countries
79.7

Total long lived assets, net
$
136.2

 
(1)Long-lived assets represent property, plant and equipment, net. 
Reconciliation of Revenue from Segments to Consolidated
The following table shows the Company's external party sales by product for the periods presented:
 (amounts in millions)
 
For the year ended
December 31, 2014
 
For the period from inception
(April 23, 2013) through
December 31, 2013
 
For the ten months ended
October 31, 2013
 
For the year ended
December 31, 2012
 
 
(Successor)
 
(Successor)
 
(Predecessor)
 
(Predecessor)
Performance Applications
 
 
 
 
 
 
 
 
Industrial Group
 
$
429.4

 
$
67.7

 
$
353.4

 
$
411.1

Electronics Group
 
159.9

 
24.9

 
128.4

 
148.4

Packaging and Printing Group
 
165.9

 
25.6

 
145.9

 
171.7

 
 
755.2

 
118.2

 
627.7

 
731.2

Agricultural Solutions
 
88.0

 
—

 
—

 
—

Total consolidated net sales
 
$
843.2

 
$
118.2

 
$
627.7

 
$
731.2
Operations [Member]  
Note 19 - Segment Information (Tables) [Line Items]  
Schedule of Segment Reporting Information, by Segment
The following table summarizes financial information regarding each reportable segment’s results of operations for the periods presented:
 (amounts in millions)
 
For the year ended
December 31, 2014
 
For the
period from inception
(April 23, 2013) through
December 31, 2013
 
For the ten months ended
October 31, 2013
 
For the year ended
December 31, 2012
 
 
(Successor)
 
(Successor)
 
(Predecessor)
 
(Predecessor)
Net Sales:
 
 
 
 
 
 
 
 
Performance Applications
 
$
755.2

 
$
118.2

 
$
627.7

 
$
731.2

Agricultural Solutions
 
88.0

 
—

 
—

 
—

Consolidated net sales
 
843.2

 
118.2

 
627.7

 
731.2

Depreciation and amortization:
 
 

 
 

 
 

 
 

Performance Applications
 
76.3

 
12.8

 
32.8

 
42.2

Agricultural Solutions
 
11.7

 
—

 
—

 
—

Consolidated depreciation and amortization
 
88.0

 
12.8

 
32.8

 
42.2

Adjusted EBITDA
 
 

 
 

 
 

 
 

Performance Applications
 
196.2

 
27.4

 
152.7

 
162.2

Agricultural Solutions
 
16.0

 
—

 
—

 
—

Adjusted EBITDA
 
$
212.2

 
$
27.4

 
$
152.7

 
$
162.2