Exhibit 99.1
Unaudited reportable segment information is presented in the following tables.
|
| | | | | | | | | | | | | | | | | | | |
| (In thousands) | Americas | | International | | Corporate | | Reconciling Items | | Consolidated Totals |
| Three Months Ended March 31, 2015 | | | | | | | | | |
| Sales to external customers | $ | 158,502 |
| | $ | 98,206 |
| | $ | — |
| | $ | — |
| | $ | 256,708 |
|
| Operating income (loss) | 23,909 |
| | 7,569 |
| | (6,937 | ) | | — |
| | 24,541 |
|
| Operating margin % | 15.1 | % | | 7.7 | % | | | | | | 9.6 | % |
|
| | | | | | | | | | | | | | | | | | | |
| (In thousands) | Americas | | International | | Corporate | | Reconciling Items | | Consolidated Totals |
| Three Months Ended June 30, 2015 | | | | | | | | | |
| Sales to external customers | $ | 179,565 |
| | $ | 107,446 |
| | $ | — |
| | $ | — |
| | $ | 287,011 |
|
| Operating income (loss) | 37,454 |
| | 10,892 |
| | (8,429 | ) | | — |
| | 39,917 |
|
| Operating margin % | 20.9 | % | | 10.1 | % | | | | | | 13.9 | % |
|
| | | | | | | | | | | | | | | | | | | |
| (In thousands) | Americas | | International | | Corporate | | Reconciling Items | | Consolidated Totals |
| Three Months Ended September 30, 2015 | | | | | | | | | |
| Sales to external customers | $ | 181,283 |
| | $ | 92,463 |
| | $ | — |
| | $ | — |
| | $ | 273,746 |
|
| Operating income (loss) | 40,470 |
| | 1,408 |
| | (7,356 | ) | | — |
| | 34,522 |
|
| Operating margin % | 22.3 | % | | 1.5 | % | | | | | | 12.6 | % |
|
| | | | | | | | | | | | | | | | | | | |
| (In thousands) | Americas | | International | | Corporate | | Reconciling Items | | Consolidated Totals |
| Three Months Ended December 31, 2015 | | | | | | | | | |
| Sales to external customers | $ | 185,404 |
| | $ | 127,914 |
| | $ | — |
| | $ | — |
| | $ | 313,318 |
|
| Operating income (loss) | 40,138 |
| | 13,632 |
| | (15,547 | ) | | — |
| | 38,223 |
|
| Operating margin % | 21.6 | % | | 10.7 | % | | | | | | 12.2 | % |
|
| | | | | | | | | | | | | | | | | | | |
| (In thousands) | Americas | | International | | Corporate | | Reconciling Items | | Consolidated Totals |
| Year Ended December 31, 2015 | | | | | | | | | |
| Sales to external customers | $ | 704,754 |
| | $ | 426,029 |
| | $ | — |
| | $ | — |
| | $ | 1,130,783 |
|
| Operating income (loss) | 141,971 |
| | 33,501 |
| | (38,269 | ) | | — |
| | 137,203 |
|
| Operating margin % | 20.1 | % | | 7.9 | % | | | | | | 12.1 | % |
Operating income (loss) is defined as income from continuing operations before taxes excluding restructuring charges, interest expense, currency exchange gains (losses), and other income (expense). Reconciliations of operating income to income from continuing operations before income taxes as reported in the 2015 consolidated statement of operations are as follows:
|
| | | | | | | | | | | | | | | | | | | |
| | Three Months Ended | | Year Ended |
| (In thousands) | March 31, 2015 | | June 30, 2015 | | September 30, 2015 | | December 31, 2015 | | December 31, 2015 |
| Income from continuing operations before income taxes | $ | 24,526 |
| | $ | 35,725 |
| | $ | 24,059 |
| | $ | 26,716 |
| | $ | 111,026 |
|
| Restructuring and other charges | 731 |
| | 227 |
| | 3,740 |
| | 7,560 |
| | 12,258 |
|
| Interest expense | 2,473 |
| | 2,502 |
| | 2,827 |
| | 3,052 |
| | 10,854 |
|
| Currency exchange (gains) losses, net | (2,548 | ) | | 1,557 |
| | 4,327 |
| | (1,132 | ) | | 2,204 |
|
| Other (income) loss, net | (641 | ) | | (94 | ) | | (431 | ) | | 2,027 |
| | 861 |
|
| Operating income | $ | 24,541 |
| | $ | 39,917 |
| | $ | 34,522 |
| | $ | 38,223 |
| | $ | 137,203 |
|
