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Segments (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

The following table shows information by reportable segment for the three and six months ended June 30, 2022 and 2021:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

226.2

 

 

$

185.3

 

 

$

442.1

 

 

$

325.4

 

EURAF

 

 

209.0

 

 

 

180.8

 

 

 

388.2

 

 

 

335.3

 

MEAP

 

 

62.0

 

 

 

97.5

 

 

 

125.9

 

 

 

157.2

 

Total

 

$

497.2

 

 

$

463.6

 

 

$

956.2

 

 

$

817.9

 

Segment Operating
   Income

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

18.4

 

 

$

21.9

 

 

$

24.2

 

 

$

28.9

 

EURAF

 

 

0.6

 

 

 

5.7

 

 

 

12.0

 

 

 

12.0

 

MEAP

 

 

8.0

 

 

 

9.8

 

 

 

21.1

 

 

 

16.6

 

Total

 

$

27.0

 

 

$

37.4

 

 

$

57.3

 

 

$

57.5

 

Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

9.3

 

 

$

3.4

 

 

$

19.0

 

 

$

7.3

 

EURAF

 

 

4.9

 

 

 

5.0

 

 

 

10.0

 

 

 

9.9

 

MEAP

 

 

0.7

 

 

 

0.5

 

 

 

1.3

 

 

 

1.0

 

Corporate

 

 

0.7

 

 

 

0.8

 

 

 

1.4

 

 

 

1.5

 

Total

 

$

15.6

 

 

$

9.7

 

 

$

31.7

 

 

$

19.7

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

2.6

 

 

$

2.1

 

 

$

5.2

 

 

$

2.9

 

EURAF

 

 

4.8

 

 

 

4.8

 

 

 

10.4

 

 

 

11.7

 

MEAP

 

 

0.7

 

 

 

0.5

 

 

 

1.2

 

 

 

0.7

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

0.1

 

Total

 

$

8.1

 

 

$

7.4

 

 

$

16.8

 

 

$

15.4

 

Schedule of Reconciliation of the Company's Segment Operating Income

A reconciliation of the Company’s segment operating income to operating income in the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2022 and 2021 are summarized as follows:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Segment operating income

 

$

27.0

 

 

$

37.4

 

 

$

57.3

 

 

$

57.5

 

Unallocated corporate expenses

 

 

(8.7

)

 

 

(10.7

)

 

 

(21.4

)

 

 

(20.1

)

Total operating income

 

$

18.3

 

 

$

26.7

 

 

$

35.9

 

 

$

37.4

 

Schedule of Net Sales by Geographic Area

Net sales by geographic area for the three and six months ended June 30, 2022 and 2021 are summarized as follows:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

United States

 

$

199.1

 

 

$

165.2

 

 

$

391.2

 

 

$

286.5

 

Europe

 

 

200.9

 

 

 

176.7

 

 

 

375.1

 

 

 

324.9

 

Other

 

 

97.2

 

 

 

121.7

 

 

 

189.9

 

 

 

206.5

 

Total net sales

 

$

497.2

 

 

$

463.6

 

 

$

956.2

 

 

$

817.9

 

Schedule of Net Sales By Product

Net sales by product for the three and six months ended June 30, 2022 and 2021 are summarized as follows:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

New machine sales

 

$

358.1

 

 

$

348.5

 

 

$

687.7

 

 

$

594.4

 

Non-new machine sales

 

 

139.1

 

 

 

115.1

 

 

 

268.5

 

 

 

223.5

 

Total net sales

 

$

497.2

 

 

$

463.6

 

 

$

956.2

 

 

$

817.9