SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
(dollars in millions)	2023		2022		2023		2022
Net sales:
Electronics
Assembly Solutions	$	191.2	$	192.5	$	548.7	$	645.5
Circuitry Solutions	109.1		126.5		318.8		399.7
Semiconductor Solutions	66.7		70.4		194.9		226.6
Total Electronics	367.0		389.4		1,062.4		1,271.8
Industrial & Specialty
Industrial Solutions	177.7		176.8		534.2		549.2
Graphics Solutions	35.9		36.1		107.5		106.3
Energy Solutions	18.7		16.2		55.7		48.3
Total Industrial & Specialty	232.3		229.1		697.4		703.8
Total net sales	$	599.3	$	618.5	$	1,759.8	$	1,975.6
Adjusted EBITDA:
Electronics	$	90.4	$	90.9	$	239.4	$	293.0
Industrial & Specialty	43.7		42.6		123.1		125.7
Total Adjusted EBITDA	$	134.1	$	133.5	$	362.5	$	418.7

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(dollars in millions)	2023		2022		2023		2022
Net (loss) income attributable to common stockholders	$	(31.8)	$	53.2	$	41.0	$	174.5
Add (subtract):
Net income attributable to non-controlling interests	0.1		0.1		—		0.6
Income from discontinued operations, net of tax	—		—		(2.9)		(1.8)
Income tax expense	15.3		16.5		53.4		60.4
Interest expense, net	13.3		12.3		37.0		39.6
Depreciation expense	11.8		10.6		31.4		31.5
Amortization expense	32.7		29.2		93.3		90.5
EBITDA	41.4		121.9		253.2		395.3
Adjustments to reconcile to Adjusted EBITDA:
Inventory step-up	—		—		—		0.5
Restructuring expense	2.1		2.9		6.3		6.1
Acquisition and integration expense	5.0		2.2		13.3		6.2
Foreign exchange loss (gain) on intercompany loans	6.5		2.5		(7.6)		3.2
Goodwill impairment	80.0		—		80.0		—
Kuprion Acquisition research and development charge	—		—		15.7		—
Adjustment of stock compensation previously not probable	—		—		—		1.3
Other, net	(0.9)		4.0		1.6		6.1
Adjusted EBITDA	$	134.1	$	133.5	$	362.5	$	418.7