XML 20 R10.htm IDEA: XBRL DOCUMENT v3.22.1
Segment Results
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Results

NOTE 2. SEGMENT RESULTS

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Net sales

 

 

 

 

 

 

Mineral Fiber

 

$

203.2

 

 

$

188.7

 

Architectural Specialties

 

 

79.4

 

 

 

63.2

 

Total net sales

 

$

282.6

 

 

$

251.9

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Segment operating income (loss)

 

 

 

 

 

 

Mineral Fiber

 

$

57.6

 

 

$

60.6

 

Architectural Specialties

 

 

6.5

 

 

 

(4.9

)

Unallocated Corporate

 

 

(0.9

)

 

 

(1.6

)

Total consolidated operating income

 

$

63.2

 

 

$

54.1

 

 

The Architectural Specialties operating loss for the three months ended March 31, 2021 was driven by intangible asset amortization and other acquisition-related expenses related to our acquisitions of TURF Design, Inc. ("Turf") in July 2020, Moz Designs, Inc. ("Moz") in August 2020, and Arktura LLC ("Arktura") in December 2020.

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Total consolidated operating income

 

$

63.2

 

 

$

54.1

 

Interest expense

 

 

5.1

 

 

 

5.7

 

Other non-operating (income), net

 

 

(1.3

)

 

 

(1.3

)

Earnings from continuing operations before income taxes

 

$

59.4

 

 

$

49.7

 

 

 

 

March 31, 2022

 

 

December 31, 2021

 

Segment assets

 

 

 

 

 

 

Mineral Fiber

 

$

1,142.7

 

 

$

1,133.9

 

Architectural Specialties

 

 

378.1

 

 

 

366.3

 

Unallocated Corporate

 

 

187.3

 

 

 

209.8

 

Total consolidated assets

 

$

1,708.1

 

 

$

1,710.0