XML 55 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
SEGMENT DATA AND RELATED INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2018
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 the periods presented. Prior period amounts have been restated to reflect the current period's presentation:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Segment Net Sales:
 
 
 
 
 
 
 
Revlon
$
249.5

 
$
254.5

 
$
736.9

 
$
787.8

Elizabeth Arden
122.1

 
104.8

 
333.9

 
301.6

Portfolio
138.4

 
147.9

 
420.5

 
437.9

Fragrances
145.4

 
159.3

 
331.6

 
379.8

Total
$
655.4

 
$
666.5

 
$
1,822.9

 
$
1,907.1

 
 
 
 
 
 
 
 
Segment Profit:
 
 
 
 
 
 
 
Revlon
$
36.8

 
$
22.4

 
$
75.6

 
$
98.1

Elizabeth Arden
6.6

 
1.6

 
2.3

 
2.3

Portfolio
2.1

 
7.7

 
(5.8
)
 
7.7

Fragrances
26.9

 
22.0

 
41.2

 
38.7

Total
$
72.4

 
$
53.7

 
$
113.3

 
$
146.8

 
 
 
 
 
 
 
 
Reconciliation:
 
 
 
 
 
 
 
Total Segment Profit
$
72.4

 
$
53.7

 
$
113.3

 
146.8

Less:
 
 
 
 
 
 
 
Depreciation and amortization
40.1

 
37.9

 
119.4

 
111.7

Non-cash stock compensation expense
6.3

 
1.5

 
14.8

 
5.9

Non-Operating items:


 


 
 
 


Restructuring and related charges
3.8

 
6.6

 
14.8

 
12.3

Acquisition and integration costs
3.4

 
12.7

 
12.0

 
40.2

Loss on disposal of minority investment
—

 
—

 
20.1

 
—

Oxford SAP disruption-related charges
16.5

 
—

 
49.6

 
—

Elizabeth Arden 2016 Business Transformation Program
—

 
0.1

 
—

 
0.8

Elizabeth Arden inventory purchase accounting adjustment, cost of sales
—

 
—

 
—

 
17.2

Deferred compensation
—

 
0.3

 
—

 
2.0

Operating income (loss)
2.3

 
(5.4
)
 
(117.4
)
 
(43.3
)
Less:
 
 


 
 
 
 
Interest Expense
46.4

 
38.6

 
129.1

 
110.3

Amortization of debt issuance costs
3.8

 
2.3

 
9.1

 
6.8

Foreign currency losses (gains), net
1.1

 
(3.1
)
 
10.7

 
(16.8
)
Miscellaneous, net
0.4

 
0.4

 
0.6

 
1.8

Loss from continuing operations before income taxes
$
(49.4
)
 
$
(43.6
)
 
$
(266.9
)
 
$
(145.4
)
Schedule of Net Sales and Long-Lived Assets by Geographic Area
The following tables present the Company's segment net sales by geography and total net sales by classes of similar products for the periods presented:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
 
Revlon
 
Elizabeth Arden
 
Portfolio
 
Fragrances
 
Total
 
Revlon
 
Elizabeth Arden
 
Portfolio
 
Fragrances
 
Total
Geographic Area:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Net Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   North America
$
123.1

 
$
40.3

 
$
88.1

 
$
99.3

 
$
350.8

 
$
388.2

 
$
96.2

 
$
264.8

 
$
216.9

 
$
966.1

   EMEA*
57.9

 
48.3

 
40.5

 
33.2

 
179.9

 
166.5

 
141.4

 
126.0

 
81.6

 
515.5

   Asia
28.6

 
23.2

 
1.1

 
3.4

 
56.3

 
78.5

 
71.6

 
3.1

 
9.9

 
163.1

   Latin America*
19.9

 
3.2

 
6.0

 
3.4

 
32.5

 
49.3

 
7.9

 
16.8

 
10.5

 
84.5

   Pacific*
20.0

 
7.1

 
2.7

 
6.1

 
35.9

 
54.4

 
16.8

 
9.8

 
12.7

 
93.7

 
$
249.5

 
$
122.1

 
$
138.4

 
$
145.4

 
$
655.4

 
$
736.9

 
$
333.9

 
$
420.5

 
$
331.6

 
$
1,822.9


 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2017
 
Nine Months Ended September 30, 2017
 
Revlon
 
Elizabeth Arden
 
Portfolio
 
Fragrances
 
Total
 
Revlon
 
Elizabeth Arden
 
Portfolio
 
Fragrances
 
Total
Geographic Area:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Net Sales
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   North America
$
116.8

 
$
37.0

 
$
81.5

 
$
108.6

 
$
343.9

 
$
411.9

 
$
99.6

 
$
248.4

 
$
242.5

 
1,002.4

   EMEA*
59.7

 
40.6

 
52.5

 
38.1

 
190.9

 
170.0

 
124.5

 
148.9

 
102.0

 
545.4

   Asia
30.2

 
16.6

 
2.0

 
3.0

 
51.8

 
81.9

 
53.7

 
7.1

 
11.3

 
154.0

   Latin America*
23.4

 
3.5

 
8.2

 
4.1

 
39.2

 
62.4

 
7.9

 
23.5

 
11.9

 
105.7

   Pacific*
24.4

 
7.1

 
3.7

 
5.5

 
40.7

 
61.6

 
15.9

 
10.0

 
12.1

 
99.6

 
$
254.5

 
$
104.8

 
$
147.9

 
$
159.3

 
$
666.5

 
$
787.8

 
$
301.6

 
$
437.9

 
$
379.8

 
$
1,907.1


* The EMEA region includes Europe, the Middle East, Africa and the Company's international Travel Retail business; the Latin America region includes Mexico; and the Pacific region includes Australia and New Zealand.
 
 
 
 
 
 
 
 
The following table presents the Company's long-lived assets by geographic area as of September 30, 2018 and December 31, 2017:
 
September 30, 2018
 
December 31, 2017
Long-lived assets, net:
 
 
 
 
 
 
United States
$
1,447.3

 
84%
 
$
1,480.1

 
83%
International
280.8

 
16%
 
295.6

 
17%
 
$
1,728.1

 
 
$
1,775.7

 
 
Schedule of Net Sales by Classes of Similar Products
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018

2017
Classes of similar products:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Net sales:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Color cosmetics
$
216.4

 
33%
 
$
230.3

 
35%
 
$
631.1

 
35%
 
$
710.5

 
37%
Fragrance
191.7

 
29%
 
199.1

 
30%
 
448.5

 
25%
 
492.0

 
26%
Hair care
129.6

 
20%
 
127.5

 
19%
 
391.0

 
21%
 
387.5

 
20%
Beauty care
49.7

 
8%
 
57.6

 
9%
 
147.5

 
8%
 
161.1

 
8%
Skin care
68.0

 
10%
 
52.0

 
8%
 
204.8

 
11%
 
156.0

 
8%
 
$
655.4

 
 
 
$
666.5

 
 
 
$
1,822.9

 
 
 
$
1,907.1