XML 43 R32.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2020
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)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