Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of segment reporting information, by segment

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 September 30,				Nine Months Ended September 30,
(dollars in millions)	2021		2020		2021		2020
Net sales:
Electronics
Assembly Solutions	$	212.6	$	155.0	$	606.7	$	393.2
Circuitry Solutions	118.9		101.0		338.7		286.7
Semiconductor Solutions	67.1		50.8		188.6		149.0
Total Electronics	398.6		306.8		1,134.0		828.9
Industrial & Specialty
Industrial Solutions	161.5		121.0		456.0		330.5
Graphics Solutions	41.0		33.6		115.7		106.8
Energy Solutions	15.1		16.1		47.2		50.9
Total Industrial & Specialty	217.6		170.7		618.9		488.2
Total net sales	$	616.2	$	477.5	$	1,752.9	$	1,317.1
Adjusted EBITDA:
Electronics	$	92.1	$	72.0	$	275.3	$	196.5
Industrial & Specialty	39.4		29.8		127.2		100.2
Total Adjusted EBITDA	$	131.5	$	101.8	$	402.5	$	296.7

The following table reconciles "Net income attributable to common stockholders" to Adjusted EBITDA:

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in millions)	2021		2020		2021		2020
Net income attributable to common stockholders	$	36.0	$	36.0	$	199.4	$	45.8
Add (subtract):
Net loss attributable to the non-controlling interests	(0.1)		—		(0.1)		—
Loss (income) from discontinued operations, net of tax	—		0.2		(2.0)		1.1
Income tax expense (benefit)	17.3		(47.3)		16.5		(37.4)
Interest expense, net	13.8		17.1		39.6		50.7
Depreciation expense	9.6		10.7		28.7		31.7
Amortization expense	31.9		30.5		92.0		88.8
EBITDA	108.5		47.2		374.1		180.7
Adjustments to reconcile to Adjusted EBITDA:
Amortization of inventory step-up	4.3		1.0		6.5		2.4
Restructuring expense	1.3		1.3		5.2		5.6
Acquisition and integration expense	7.1		0.4		10.3		8.3
Foreign exchange loss (gain) on internal debt	0.6		2.3		(22.8)		43.2
Debt refinancing costs	—		45.7		—		45.7
Adjustment of stock compensation previously not probable (Note 8)	7.6		—		21.2		—
Other, net	2.1		3.9		8.0		10.8
Adjusted EBITDA	$	131.5	$	101.8	$	402.5	$	296.7