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Segment Information
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company's operations are organized into two reportable segments: Electronics and Industrial & Specialty. These segments represent businesses for which separate financial information is utilized by the chief operating decision maker, or CODM, for purposes of allocating resources and evaluating performance.
The Company allocates resources and evaluates the performance of its operating segments based primarily on net sales and Adjusted EBITDA. Adjusted EBITDA for each segment is defined as earnings before interest, taxes, depreciation and amortization, as further adjusted for additional items included in GAAP earnings which the Company believes are not considered to be representative or indicative of each of its segments' ongoing business or are considered to be associated with its capital structure. Adjusted EBITDA for each segment also includes an allocation of corporate costs, such as compensation expense and professional fees.
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)2020201920202019
Net sales:    
Electronics  
Assembly Solutions$112.2  $137.4  $238.2  $270.4  
Circuitry Solutions92.8  92.2  185.7  183.0  
Semiconductor Solutions48.2  38.3  98.2  80.4  
     Total Electronics253.2  267.9  522.1  533.8  
Industrial & Specialty
Industrial Solutions83.6  132.5  209.5  270.5  
Graphics Solutions34.6  37.3  73.2  73.0  
Energy Solutions15.6  19.0  34.8  39.2  
     Total Industrial & Specialty133.8  188.8  317.5  382.7  
Total net sales$387.0  $456.7  $839.6  $916.5  
Adjusted EBITDA:    
Electronics$58.0  $60.4  $124.5  $116.8  
Industrial & Specialty26.8  40.1  70.4  82.3  
Total Adjusted EBITDA$84.8  $100.5  $194.9  $199.1  
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)2020201920202019
Net income attributable to common stockholders$1.2  $1.5  $9.8  $24.7  
Add (subtract):
Net (loss) income attributable to the non-controlling interests—  (0.1) —  0.6  
Loss (income) from discontinued operations, net of tax1.1  13.3  0.9  (14.1) 
Income tax expense (benefit)5.8  (6.8) 9.9  (17.2) 
Interest expense, net16.9  18.2  33.6  56.3  
Depreciation expense10.5  10.4  21.0  20.7  
Amortization expense28.9  28.4  58.3  56.8  
EBITDA64.4  64.9  133.5  127.8  
Adjustments to reconcile to Adjusted EBITDA:
Amortization of inventory step-up—  —  1.4  —  
Restructuring expense3.3  3.2  4.3  5.8  
Acquisition and integration costs1.3  0.3  7.9  1.7  
Foreign exchange loss on foreign denominated external and internal long-term debt11.8  28.7  40.9  0.4  
Debt refinancing costs—  0.3  —  61.0  
Change in fair value of contingent consideration—  0.5  —  2.9  
Other, net4.0  2.6  6.9  (0.5) 
Adjusted EBITDA$84.8  $100.5  $194.9  $199.1