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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2023
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. See Note 1, Background and Basis of Presentation, to the unaudited Condensed Consolidated Financial Statements for information about the transfer of the Company's Films business and other transfers of product lines that occurred in the first quarter of 2023.
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 EBITDA, as further adjusted for additional items included in earnings which the Company believes are not representative or indicative of each of its segments' ongoing business or are considered to be associated with the Company's 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 March 31,
 (dollars in millions)20232022
Net sales:  
Electronics  
Assembly Solutions$173.5 $230.6 
Circuitry Solutions106.7 135.3 
Semiconductor Solutions59.4 75.7 
     Total Electronics339.6 441.6 
Industrial & Specialty
Industrial Solutions180.7 190.1 
Graphics Solutions34.9 32.6 
Energy Solutions19.2 15.9 
     Total Industrial & Specialty234.8 238.6 
Total net sales$574.4 $680.2 
Adjusted EBITDA:  
Electronics$72.7 $100.9 
Industrial & Specialty39.6 43.9 
Total Adjusted EBITDA$112.3 $144.8 
The following table reconciles "Net income attributable to common stockholders" to Adjusted EBITDA:
 Three Months Ended March 31,
 (dollars in millions)20232022
Net income attributable to common stockholders$42.9 $56.1 
Add (subtract):
Net income attributable to non-controlling interests0.1 0.3 
Income tax expense16.9 20.0 
Interest expense, net11.7 14.1 
Depreciation expense9.5 10.6 
Amortization expense29.6 31.0 
EBITDA110.7 132.1 
Adjustments to reconcile to Adjusted EBITDA:
Inventory step-up— 0.5 
Restructuring expense2.3 1.9 
Acquisition and integration expense3.9 2.9 
Foreign exchange (gain) loss on intercompany loans(5.6)1.6 
Adjustment of stock compensation previously not probable— 1.3 
Other, net1.0 4.5 
Adjusted EBITDA$112.3 $144.8