Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The Company’s segment results were as follows:

	Three Months Ended
	March 31, 2023		April 1, 2022
	(In thousands)
Net sales:
Americas	$	291,569	$	272,325
EMEA & APAC	392,431		375,586
	$	684,000	$	647,911
Adjusted EBITDA (1):
Americas	$	49,442	$	43,985
EMEA & APAC	68,547		65,282
	$	117,989	$	109,267

(1) The following is a reconciliation of Net income from continuing operations to Adjusted EBITDA.

	Three Months Ended
	March 31, 2023		April 1, 2022
	(In thousands)
Net income from continuing operations	$	34,129	$	58,424
Income tax expense	37,024		25,746
Interest expense (income) and other, net(1)	19,510		(488)
Restructuring and other related charges	9,444		5,304
Separation costs(2)	—		3,629
Acquisition - amortization and other related charges(3)	9,289		7,680
Depreciation and other amortization	8,593		8,972
Adjusted EBITDA	$	117,989	$	109,267

(1) Relates to removal of interest expense, net included within the Interest expense (income) and other, net line within the Consolidated and Combined Condensed Statements of Operations.

(2) Includes non-recurring charges and employee costs related to the planning and execution of the separation from Enovis within the Selling, general and administrative expense line within the Consolidated and Combined Condensed Statements of Operations.

(3) Includes transaction expenses, amortization of intangibles, fair value charges on acquired inventories and integration expenses.