SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30,				Six Months Ended June 30,
(dollars in millions)	2023		2022		2023		2022
Net sales:
Electronics
Assembly Solutions	$	184.0	$	222.4	$	357.5	$	453.0
Circuitry Solutions	103.0		137.9		209.7		273.2
Semiconductor Solutions	68.8		80.5		128.2		156.2
Total Electronics	355.8		440.8		695.4		882.4
Industrial & Specialty
Industrial Solutions	175.8		182.3		356.5		372.4
Graphics Solutions	36.7		37.6		71.6		70.2
Energy Solutions	17.8		16.2		37.0		32.1
Total Industrial & Specialty	230.3		236.1		465.1		474.7
Total net sales	$	586.1	$	676.9	$	1,160.5	$	1,357.1
Adjusted EBITDA:
Electronics	$	76.3	$	101.2	$	149.0	$	202.1
Industrial & Specialty	39.8		39.2		79.4		83.1
Total Adjusted EBITDA	$	116.1	$	140.4	$	228.4	$	285.2

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)	2023		2022		2023		2022
Net income attributable to common stockholders	$	29.9	$	65.2	$	72.8	$	121.3
Add (subtract):
Net (loss) income attributable to non-controlling interests	(0.2)		0.2		(0.1)		0.5
Income from discontinued operations, net of tax	(2.9)		(1.8)		(2.9)		(1.8)
Income tax expense	21.2		23.9		38.1		43.9
Interest expense, net	12.0		13.2		23.7		27.3
Depreciation expense	10.1		10.3		19.6		20.9
Amortization expense	31.0		30.3		60.6		61.3
EBITDA	101.1		141.3		211.8		273.4
Adjustments to reconcile to Adjusted EBITDA:
Inventory step-up	—		—		—		0.5
Restructuring expense	1.9		1.3		4.2		3.2
Acquisition and integration expense	4.4		1.1		8.3		4.0
Foreign exchange (gain) loss on intercompany loans	(8.5)		(0.9)		(14.1)		0.7
Kuprion Acquisition research and development charge	15.7		—		15.7		—
Adjustment of stock compensation previously not probable	—		—		—		1.3
Other, net	1.5		(2.4)		2.5		2.1
Adjusted EBITDA	$	116.1	$	140.4	$	228.4	$	285.2