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Segment Information (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Summary of segment's results of operations
The following table summarizes financial information regarding each reportable segment’s results of operations, including disaggregated external net sales by product category:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 (dollars in millions)
2019
 
2018
 
2019
 
2018
Net Sales:
 
 
 
 
 
 
 
Electronics
 
 
 
 
 
 
 
Assembly Solutions
$
137.4

 
$
149.8

 
$
270.4

 
$
289.6

Circuitry Solutions
92.2

 
102.1

 
183.0

 
208.1

Semiconductor Solutions
38.3

 
43.8

 
80.4

 
86.0

     Total Electronics
267.9

 
295.7

 
533.8

 
583.7

Industrial & Specialty
 
 
 
 
 
 
 
Industrial Solutions
132.5

 
142.0

 
270.5

 
287.5

Graphics Solutions
37.3

 
40.7

 
73.0

 
79.4

Energy Solutions
19.0

 
23.2

 
39.2

 
43.5

     Total Industrial & Specialty
188.8

 
205.9

 
382.7

 
410.4

Total net sales
$
456.7

 
$
501.6

 
$
916.5

 
$
994.1

 
 
 
 
 
 
 
 
Adjusted EBITDA:
 

 
 

 
 

 
 

Electronics
$
60.4

 
$
65.0

 
$
116.8

 
$
125.1

Industrial & Specialty
40.1

 
44.4

 
82.3

 
88.4

Total Adjusted EBITDA
$
100.5

 
$
109.4

 
$
199.1

 
$
213.5

The following table reconciles "Net income attributable to common stockholders" to Adjusted EBITDA:
 
Three months ended June 30,
 
Six Months Ended June 30,
 (dollars in millions)
2019
 
2018
 
2019
 
2018
Net income attributable to common stockholders
$
1.5

 
$
12.0

 
$
24.7

 
$
49.3

Add (subtract):
 
 
 
 
 
 
 
Net (loss) income attributable to the non-controlling interests
(0.1
)

(0.2
)

0.6


0.5

Loss (income) from discontinued operations, net of tax
13.3

 
(61.4
)
 
(14.1
)
 
(108.3
)
Income tax (benefit) expense
(6.8
)

30.0


(17.2
)

39.9

Interest expense, net
18.2

 
78.3

 
56.3

 
155.5

Depreciation expense
10.4

 
11.2

 
20.7

 
22.9

Amortization expense
28.4

 
28.4

 
56.8

 
56.9

EBITDA
64.9


98.3


127.8


216.7

Adjustments to reconcile to Adjusted EBITDA:
 
 
 
 
 
 
 
Restructuring expense
2.8


1.6


4.0


3.3

Integration costs
0.3


3.5


1.7


4.5

Foreign exchange loss (gain) on foreign denominated external and internal long-term debt
28.7


4.6


0.4


(3.1
)
Debt refinancing costs
0.3

 

 
61.0

 

Change in fair value of contingent consideration
0.5

 
1.0

 
2.9

 
1.5

Gain on sale of equity investment

 

 

 
(11.3
)
Other, net
3.0


0.4


1.3


1.9

Adjusted EBITDA
$
100.5


$
109.4


$
199.1


$
213.5