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SEGMENT DATA AND RELATED INFORMATION (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table is a comparative summary of the Company’s net sales and segment profit by reportable segment for each of 2015, 2014, and 2013. In the table below, certain prior period amounts have been reclassified to conform to the presentation for 2015.
 
Twelve Months Ended December 31,
 
2015
 
2014
 
2013
Segment Net Sales:
 
 
 
 
 
Consumer
$
1,414.8

 
$
1,438.3

 
$
1,394.2

Professional
471.1

 
502.7

 
100.5

Other
$
28.4

 
$

 
$

Total
$
1,914.3

 
$
1,941.0

 
$
1,494.7

 
 
 
 
 
 
Segment Profit:
 
 
 
 
 
Consumer (a)
$
360.2

 
$
339.4

 
$
342.3

Professional
103.9

 
104.8

 
5.1

Other
$
1.4

 
$

 
$

Total
$
465.5

 
$
444.2

 
$
347.4

 
 
 
 
 
 
Reconciliation:
 
 
 
 
 
Segment Profit
$
465.5

 
$
444.2

 
$
347.4

Less:
 
 
 
 
 
Unallocated corporate expenses (a)
88.0

 
69.0

 
63.7

Depreciation and amortization
103.2

 
102.6


76.7

Non-cash stock compensation expense
5.1

 
5.5

 
0.2

Non-Operating items:
 
 
 
 
 
Restructuring and related charges
11.6

 
22.6

 
4.5

Acquisition and integration costs
8.0

 
6.4

 
25.4

Inventory purchase accounting adjustment, cost of sales
0.9

 
2.6

 
8.5

Pension Lump sum settlement
20.7

 

 

Goodwill impairment charge
9.7

 

 

Deferred Compensation related to CBB Acquisition
2.5

 

 

Gain from insurance proceeds related to Venezuela fire

 

 
(26.4
)
Accrual for clean-up costs related to destroyed facility in Venezuela

 

 
7.6

Shareholder litigation recoveries

 

 
(1.8
)
Operating Income
215.8

 
235.5

 
189.0

Less:
 
 
 
 
 
Interest Expense
83.3

 
84.4

 
73.8

Interest Expense - Preferred Stock

 

 
5.0

Amortization of debt issuance costs
5.7

 
5.5

 
5.2

Loss on early extinguishment of debt

 
2.0

 
29.7

Foreign currency losses (gains), net
15.7

 
25.0

 
3.7

Miscellaneous, net
0.4

 
1.2

 
1.0

Income from continuing operations before income taxes
$
110.7

 
$
117.4

 
$
70.6


(a) 
During the second quarter of 2015, the Company removed pension-related costs for its U.S. qualified defined benefit pension plans from the measurement of its operating segment results. As a result, $8.2 million and $4.9 million of pension-related costs were reclassified from the measurement of Consumer segment profit and included as a component of unallocated corporate expenses for 2014 and 2013, respectively.
Schedule of Net Sales and Long-Lived Assets by Geographic Area
In the tables below, certain prior year amounts have been reclassified to conform to the current period’s presentation.
 
Year Ended December 31,
 
2015

2014
 
2013
Geographic area:
 
 
 
 
 
 
 
 
 
 
 
   Net sales:
 
 
 
 
 
 
 
 
 
 
 
      United States
$
1,043.7

 
55%
 
$
1,021.9

 
53%
 
$
832.8

 
56%
  Outside of the United States
870.6

 
45%
 
919.1

 
47%
 
$
661.9

 
44%
 
$
1,914.3

 
 
 
$
1,941.0

 
 
 
$
1,494.7

 
 

 
December 31, 2015
 
December 31, 2014
Long-lived assets, net:
 
 
 
 
 
 
United States
$
874.7

 
79%
 
$
845.5

 
76%
Outside of the United States
232.4

 
21%
 
271.7

 
24%
 
$
1,107.1

 
 
$
1,117.2

 
 
Schedule of Net Sales by Classes of Similar Products
 
Year Ended December 31,
 
2015

2014
 
2013
Classes of similar products:
 
 
 
 
 
 
 
 
 
 
 
   Net sales:
 
 
 
 
 
 
 
 
 
 
 
Color cosmetics
$
1,026.4

 
54%
 
$
1,032.4

 
53%
 
$
926.4

 
62%
Hair care
522.1

 
27%
 
545.0

 
28%
 
263.9

 
18%
Beauty care and fragrance
365.8

 
19%
 
363.6

 
19%
 
304.4

 
20%
 
$
1,914.3

 
 
 
$
1,941.0

 
 
 
$
1,494.7