SEGMENT AND RELATED INFORMATION

12 Months Ended

Dec. 31, 2015

SEGMENT AND RELATED INFORMATION [Abstract]

SEGMENT AND RELATED INFORMATION

13. SEGMENT AND RELATED INFORMATION

The Company operated and is internally managed in three reportable business segments— Industrial Products Group (“IPG”), EMEA Technology Products Group (“EMEA”) and what was the Company’s largest business in terms of revenue, North America Technology Products Group (NATG”).  EMEA and NATG were aggregated in certain prior years as they met the aggregation criteria  Smaller business operations and corporate functions are aggregated and reported as an additional  segment – Corporate and Other (“Corporate”). On December 1, 2015, we sold certain assets of the NATG business and are currently winding down its remaining operations.

The Company’s chief operating decision-maker is the Company’s Chief Executive Officer (“CEO”).  The CEO, in his role as Chief Operating Decision Maker (“CODM”), evaluates segment performance based on operating income (loss) from continuing operations. The CODM reviews assets and makes significant capital expenditure decisions for the Company on a consolidated basis only.  The accounting policies of the segments are the same as those of the Company.  Corporate costs not identified with the disclosed segments are grouped as “Corporate and other expenses.”

Financial information relating to the Company’s continuing operations by reportable segment was as follows (in millions):

	Year Ended December 31,
	2015			2014			2013
Net Sales:
IPG	$	698.6		$	556.0		$	473.8
EMEA		1,052.9			1,189.9			1,095.4
NATG		97.8			352.4			401.0
Corporate and other		5.4			5.9			5.2
Consolidated	$	1,854.7		$	2,104.2		$	1,975.4
Depreciation and Amortization Expense:
IPG	$	3.8		$	2.1		$	2.2
EMEA		3.9			4.0			2.9
NATG		0.6			4.1			7.0
Corporate and other		1.0			1.3			1.0
Consolidated	$	9.3		$	11.5		$	13.1
Operating Income (Loss):
IPG	$	43.7		$	41.0		$	40.0
EMEA		(10.8	)		(21.2	)		(4.2	)
NATG		(38.2	)		(17.9	)		(26.6	)
Corporate and other expenses		(18.8	)		(15.6	)		(20.0	)
Consolidated	$	(24.1	)	$	(13.7	)	$	(10.8	)
Total Assets
IPG	$	175.3		$	135.5		$	110.0
EMEA		238.3			313.3			331.5
NATG		26.6			187.6			266.6
Corporate and other		269.9			260.5			234.1
Consolidated	$	710.1		$	896.9		$	942.2

Financial information relating to the Company’s operations by geographic area was as follows (in millions):

	Year Ended December 31,
	2015		2014		2013
Net Sales:
United States	$	676.8	$	723.2		674.2
United Kingdom		335.7		471.9		468.5
France		382.6		383.2		335.4
Other Europe		334.5		334.8		291.5
Other North America		125.1		191.1		205.8
Consolidated	$	1,854.7	$	2,104.2		1,975.4
Long-lived Assets:
United States	$	18.1	$	17.1	$	32.3
United Kingdom		15.6		17.5		18.7
France		1.1		0.8		0.9
Other Europe and Asia		3.5		5.5		6.4
Other North America		-		0.3		1.1
Consolidated	$	38.3	$	41.2	$	59.4

Net sales are attributed to countries based on location of selling subsidiary.