Segment and Geographic Information (Tables)

9 Months Ended

Oct. 03, 2021

Segment Reporting [Abstract]

Net Revenue by Segment

Net revenue by segment is as follows:

	Fiscal Quarter Ended				Fiscal Nine Months Ended
	October 3, 2021		September 27, 2020		October 3, 2021		September 27, 2020
Americas	$	306.5	$	264.2	$	924.2	$	755.8
EMEA		67.2		58.6		203.5		168.2
Greater China		85.6		72.7		199.1		162.3
Net revenue of reportable segments	$	459.3	$	395.5	$	1,326.8	$	1,086.3
Other		63.2		55.6		195.1		163.2
Net revenue	$	522.5	$	451.1	$	1,521.8	$	1,249.6

Adjusted EBITDA by Segment

Adjusted EBITDA by segment is as follows:

	Fiscal Quarter Ended						Fiscal Nine Months Ended
	October 3, 2021			September 27, 2020			October 3, 2021			September 27, 2020
Americas	$	125.0		$	116.8		$	394.2		$	329.9
EMEA		17.2			10.7			47.7			31.4
Greater China		42.2			41.1			91.7			78.9
Other		19.0			16.7			61.4			49.9
Corporate(a)		(63.8	)		(65.9	)		(174.8	)		(167.8	)
Adjusted EBITDA	$	139.6		$	119.5		$	420.1		$	322.4

Corporate primarily consists of costs related to executive and staff functions, including certain finance, human resources, manufacturing and information technology, which benefit the Company as a whole. These costs are primarily related to the general management of these functions on a corporate level and the design and development of programs, policies and procedures that are then implemented in the individual segments, with each segment bearing its own cost of implementation. The Company’s corporate function also includes debt and stock-based compensation associated with all employee stock-based awards.

Reconciliation of Net Loss to Adjusted EBITDA

The reconciliation of Net income (loss) to Adjusted EBITDA is as follows:

	Fiscal Quarter Ended						Fiscal Nine Months Ended
	October 3, 2021			September 27, 2020			October 3, 2021			September 27, 2020
Net income (loss)	$	14.7		$	(28.5	)	$	(44.4	)	$	(171.0	)
Interest expense, net		36.1			48.9			112.5			148.6
Provision for (benefit from) income taxes		6.0			(10.3	)		24.4			(2.4	)
Depreciation and amortization		80.8			79.9			246.6			239.6
Stock-based compensation		5.0			2.4			19.5			6.2
Restructuring and severance-related costs		1.7			4.7			4.7			9.3
Arbitration award		(7.4	)		—			(7.4	)		—
Tax indemnification (income) expense, net		(0.2	)		16.5			(0.6	)		11.6
Loss on extinguishment of debt		—			—			50.3			12.6
Quotient upfront payment		—			7.5			—			7.5
Unrealized foreign currency exchange (gains) losses,      net		—			(6.3	)		—			46.0
Other adjustments		2.9			4.7			14.5			14.4
Adjusted EBITDA	$	139.6		$	119.5		$	420.1		$	322.4