Segment Results

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Segment Results

NOTE 2. SEGMENT RESULTS

In connection with the announced sale of our EMEA and Pacific Rim businesses, our former EMEA and Pacific Rim segments have been excluded from our results of continuing operations and segment assets.  As a result, our operating segments are as follows:  Mineral Fiber, Architectural Specialties and Unallocated Corporate.  

	Three Months Ended
	March 31,
	2018		2017
Net sales
Mineral Fiber	$	190.7	$	189.8
Architectural Specialties		36.6		30.0
Total net sales	$	227.3	$	219.8

	Three Months Ended
	March 31,
	2018			2017
Segment operating income (loss)
Mineral Fiber	$	43.7		$	55.5
Architectural Specialties		8.3			4.8
Unallocated Corporate		(2.4	)		(3.0	)
Total consolidated operating income	$	49.6		$	57.3

	Three Months Ended
	March 31,
	2018			2017
Total consolidated operating income	$	49.6		$	57.3
Interest expense		9.2			8.9
Other non-operating (income), net		(9.0	)		(8.9	)
Earnings from continuing operations before income taxes	$	49.4		$	57.3

The following table provides net sales by major customer group within each segment for the first quarter of 2018 and 2017:

	Three months ended March 31, 2018				Three months ended March 31, 2017
	Mineral Fiber		Architectural Specialties		Mineral Fiber		Architectural Specialties
Distributors	$	137.7	$	28.4	$	140.2	$	23.4
U.S Home Centers (1)		24.0		-		25.9		-
Direct customers		13.7		7.9		16.1		5.6
Retailers / Other		15.3		0.3		7.6		1.0
Total	$	190.7	$	36.6	$	189.8	$	30.0
(1) Sales to US Home centers include sales to big box retailers.

	March 31, 2018		December 31, 2017
Segment assets
Mineral Fiber	$	1,165.0	$	1,193.5
Architectural Specialties		55.4		53.2
Unallocated Corporate		287.5		320.7
Total consolidated assets	$	1,507.9	$	1,567.4

In connection with the announced closing of our St. Helens, Oregon mineral fiber manufacturing facility expected to occur in the second quarter of 2018, we recorded $7.7 million in the first quarter of 2018 and $4.0 million in the fourth quarter of 2017 in cost of goods sold related to accelerated depreciation of machinery and equipment.