XML 35 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales $ 3,917.2 $ 3,782.3 $ 3,477.2
Cost of goods sold 2,994.0 2,991.9 2,767.3
Gross profit 923.2 790.4 709.9
Selling and administrative expenses 416.9 449.6 367.9
Amortization of intangibles 20.8 19.7 25.4
Goodwill impairment 4.1 [1] 108.0 [2] 63.0
Goodwill impairment 6.5 109.3 65.4
Other (income) expense, net (5.1) (10.4) (21.0)
Earnings from continuing operations before interest and income taxes 486.5 331.5 274.6
Interest expense 41.1 41.8 44.7
Interest income 4.4 5.8 7.7
Earnings from continuing operations before income taxes 449.8 295.5 237.6
Income taxes 121.8 70.3 51.3
Earnings from continuing operations 328.0 225.2 186.3
Earnings (loss) from discontinued operations, net of tax 1.2 (124.0) 13.4
Net earnings 329.2 101.2 199.7
(Earnings) attributable to noncontrolling interest, net of tax (4.1) (3.2) (2.4)
Net earnings attributable to Leggett & Platt, Inc. common shareholders $ 325.1 $ 98.0 $ 197.3
Earnings per share from continuing operations attributable to Leggett & Platt, Inc. common shareholders      
Basic (in dollars per share) $ 2.30 $ 1.57 $ 1.27
Diluted (in dollars per share) 2.27 1.55 1.25
Earnings (loss) per share from discontinued operations attributable to Leggett & Platt, Inc. common shareholders      
Basic (in dollars per share) 0.01 (0.88) 0.09
Diluted (in dollars per share) 0.01 (0.87) 0.09
Net earnings per share attributable to Leggett & Platt, Inc. common shareholders      
Basic (in dollars per share) 2.31 0.69 1.36
Diluted (in dollars per share) $ 2.28 $ 0.68 $ 1.34
Continuing Operations      
Goodwill impairment $ 4.1 $ 0.0 $ 63.0
Goodwill impairment $ 6.3 $ 1.3 $ 63.8
[1] We recorded a goodwill impairment charge related to the Steel Tubing unit as outlined in Note C.
[2] We recorded a goodwill impairment charge related to the Store Fixtures unit as outlined in Note C.