Segment and Geographic Information (Tables)

6 Months Ended

Jul. 04, 2021

Net revenue by segment is as follows:

	Fiscal Quarter Ended				Fiscal Six Months Ended
	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
Americas	$	296.3	$	241.1	$	617.7	$	491.7
EMEA		67.8		51.0		136.3		109.6
Greater China		58.5		43.3		113.5		89.6
Net revenue of reportable segments		422.6		335.4		867.5		690.9
Other		69.9		55.2		131.8		107.6
Net revenue	$	492.5	$	390.5	$	999.3	$	798.5

Adjusted EBITDA by Segment

Adjusted EBITDA by segment is as follows:

	Fiscal Quarter Ended						Fiscal Six Months Ended
	July 4, 2021			June 28, 2020			July 4, 2021			June 28, 2020
Americas	$	128.5		$	105.4		$	269.2		$	213.1
EMEA		13.0			8.9			30.5			20.6
Greater China		24.1			19.1			49.2			37.9
Other		23.1			18.1			42.5			33.3
Corporate(a)		(60.5	)		(50.6	)		(110.8	)		(101.9	)
Adjusted EBITDA	$	128.1		$	100.9		$	280.6		$	202.9

(a)

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 loss to Adjusted EBITDA is as follows:

	Fiscal Quarter Ended						Fiscal Six Months Ended
	July 4, 2021			June 28, 2020			July 4, 2021			June 28, 2020
Net loss	$	(20.0	)	$	(41.3	)	$	(59.1	)	$	(142.5	)
Interest expense, net		33.0			47.5			76.4			99.7
Provision for income taxes		15.1			3.8			18.4			7.9
Depreciation and amortization		83.1			79.9			165.8			159.7
Stock-based compensation		11.0			2.2			14.5			3.8
Restructuring and severance-related costs		1.7			2.2			3.0			4.6
Tax indemnification income, net		(0.2	)		(2.4	)		(0.4	)		(4.9	)
Loss on extinguishment of debt		—			2.6			50.3			12.6
Unrealized foreign currency exchanges losses, net		—			3.0			—			52.3
Other adjustments		4.5			3.4			11.6			9.7
Adjusted EBITDA	$	128.1		$	100.9		$	280.6		$	202.9