Tecumseh Products 2012 Annual Report Download - page 65

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WDNR was completed subject to two years of monitoring to be completed by the end of 2012. The monitoring results showed
no contamination in the building except for one small area which showed values that exceeded initial values sought by the
WDNR. We completed the remediation of this small area in the fourth quarter of 2010. We expect the closure of the on-site
groundwater component of the investigation by the WDNR in 2013. We now estimate that the off-site groundwater monitoring
for the off-site groundwater component of the investigation will require at least two years of semi-annual monitoring, starting
in April 2013, in order to demonstrate concentrations are stable and receive closure from the WDNR.
In addition to the above-mentioned sites, we are also currently participating with the USEPA and various state agencies at
certain other sites to determine the nature and extent of any remedial action that may be necessary with regard to such other
sites. As these matters continue toward final resolution, amounts in excess of those already provided may be necessary to
discharge us from our obligations for these sites. Such amounts, depending on their amount and timing, could be material to
reported net income in the particular quarter or period that they are recorded. In addition, the ultimate resolution of these
matters, either individually or in the aggregate, could be material to the consolidated financial statements.
NOTE 16. Business Segments
Operating segments are defined as components of an enterprise for which separate financial information is available that is
evaluated regularly by the chief operating decision maker(s) in deciding how to allocate resources and in assessing
performance. The accounting policies of the reportable segments are the same as those described in Note 1, “Accounting
Policies”.
External customer sales by geographic area are based upon the destination of products sold. In 2012 and 2011 one household
refrigeration and freezer customer accounted for 7.2% and 10.0% of our consolidated sales, respectively. Long-lived assets by
geographic area are based upon the physical location of the assets.
Assets, capital expenditures and depreciation and amortization from continuing operations for the years ended December 31,
were as follows:
Business Segment Information
(in millions) 2012 2011 2010
Assets:
Compressor products....................................................................... $ 392.3 $ 452.1 $ 662.6
Corporate and consolidating items.................................................. 133.5 111.1 98.7
Assets held for sale ......................................................................... 2.1 0.5 0.5
Total assets............................................................................... $ 527.9 $ 563.7 $ 761.8
Capital expenditures:
Compressor products....................................................................... $ 11.9 $ 11.5 $ 6.8
Corporate and consolidating items.................................................. 1.9 6.2 2.4
Total capital expenditures........................................................ $ 13.8 $ 17.7 $ 9.2
Depreciation and amortization:
Compressor products....................................................................... $ 29.0 $ 32.6 $ 33.4
Corporate and consolidating items.................................................. 7.4 7.9 7.0
Total depreciation and amortization......................................... $ 36.4 $ 40.5 $ 40.4