XML 46 R35.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information
Reportable segment information is presented in the following table:
(In thousands, except percentage amounts)AmericasInternationalCorporateConsolidated
Totals
Three Months Ended September 30, 2021
Sales to external customers$229,076 $111,121 $— $340,197 
Operating income28,961 
Restructuring charges (Note 4)3,853 
Currency exchange losses, net (Note 6)100 
Product liability expense (Note 18)10,688 
Acquisition related costs(a) (Note 19)
7,351 
Adjusted operating income (loss)44,364 12,599 (6,010)50,953 
Adjusted operating margin %19.4 %11.3 %
Depreciation and amortization (a)
11,823 
Adjusted EBITDA52,514 16,142 (5,880)62,776 
Adjusted EBITDA margin %22.9 %14.5 %
Nine Months Ended September 30, 2021
Sales to external customers$655,123 $334,792 $— $989,915 
Operating income108,049 
Restructuring charges (Note 4)12,239 
Currency exchange gains, net (Note 6)(359)
Product liability expense (Note 18)25,235 
Acquisition related costs(a) (Note 19)
11,891 
Adjusted operating income (loss)138,778 41,794 (23,517)157,055 
Adjusted operating margin %21.2 %12.5 %
Depreciation and amortization (a)
33,716 
Adjusted EBITDA161,861 52,095 (23,185)190,771 
Adjusted EBITDA margin %24.7 %15.6 %
(In thousands, except percentage amounts)AmericasInternationalCorporateConsolidated
Totals
Three Months Ended September 30, 2020
Sales to external customers$194,303 $110,089 $— $304,392 
Operating income41,149 
Restructuring charges (Note 4)7,603 
Currency exchange losses, net (Note 6)2,759 
Product liability expense (Note 18)2,077 
Acquisition related costs(a) (Note 19)
41 
Adjusted operating income (loss)40,898 15,658 (2,927)53,629 
Adjusted operating margin %21.0 %14.2 %
Depreciation and amortization (a)
9,856 
Adjusted EBITDA47,465 18,848 (2,828)63,485 
Adjusted EBITDA margin %24.4 %17.1 %
Nine Months Ended September 30, 2020
Sales to external customers$629,787 $330,188 $— $959,975 
Operating income148,213 
Restructuring charges (Note 4)18,475 
Currency exchange losses, net (Note 6)3,821 
Product liability expense (Note 18)4,878 
Acquisition related costs(a) (Note 19)
202 
COVID-19 related costs757 
Adjusted operating income (loss)149,708 45,719 (19,081)176,346 
Adjusted operating margin %23.8 %13.8 %
Depreciation and amortization (a)
29,284 
Adjusted EBITDA169,343 55,075 (18,788)205,630 
Adjusted EBITDA margin %26.9 %16.7 %
(a)Acquisition related costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during due diligence and integration. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Income. Acquisition-related costs also include the acquisition related amortization, which is included in Cost of products sold in the Condensed Consolidated Statements of Income.
Percentage of Total Sales by Product Group
Total sales by product group was as follows:
Three Months Ended September 30, 2021ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Breathing Apparatus$70,790 21%$46,095 20%$24,695 22%
Fixed Gas & Flame Detection (a)
79,786 23%53,787 23%25,999 23%
Firefighter Helmets & Protective Apparel (b)
49,366 15%34,101 15%15,265 14%
Portable Gas Detection41,853 12%29,186 13%12,667 11%
Industrial Head Protection36,764 11%28,982 13%7,782 7%
Fall Protection28,223 8%17,743 8%10,480 9%
Other (c)
33,415 10%19,182 8%14,233 14%
Total$340,197 100%$229,076 100%$111,121 100%
Nine Months Ended September 30, 2021ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Breathing Apparatus$217,094 22%$146,329 22%$70,765 21%
Fixed Gas & Flame Detection (a)
204,825 21%127,014 19%77,811 23%
Firefighter Helmets & Protective Apparel (b)
148,497 15%105,513 16%42,984 13%
Portable Gas Detection118,102 12%80,281 12%37,821 11%
Industrial Head Protection107,615 11%82,913 13%24,702 7%
Fall Protection85,098 9%51,093 8%34,005 10%
Other (c)
108,684 10%61,980 10%46,704 15%
Total$989,915 100%$655,123 100%$334,792 100%
Three Months Ended September 30, 2020ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Breathing Apparatus$62,454 20%$38,889 20%$23,565 21%
Fixed Gas & Flame Detection70,038 23%39,411 20%30,627 28%
Firefighter Helmets & Protective Apparel 38,785 13%33,000 17%5,785 5%
Portable Gas Detection32,701 11%20,972 11%11,729 11%
Industrial Head Protection29,328 10%21,489 11%7,839 7%
Fall Protection24,620 8%13,109 7%11,511 11%
Other (c)
46,466 15%27,433 14%19,033 17%
Total$304,392 100%$194,303 100%$110,089 100%
Nine Months Ended September 30, 2020ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Breathing Apparatus$214,162 22%$141,850 23%$72,312 22%
Fixed Gas & Flame Detection205,334 21%117,399 19%87,935 27%
Firefighter Helmets & Protective Apparel 121,669 13%101,857 16%19,812 6%
Portable Gas Detection102,138 11%65,822 10%36,316 11%
Industrial Head Protection95,260 10%69,549 11%25,711 8%
Fall Protection73,707 8%42,185 7%31,522 9%
Other (c)
147,705 15%91,125 14%56,580 17%
Total$959,975 100%$629,787 100%$330,188 100%
(a)Fixed Gas & Flame Detection include sales from the Bacharach acquisition from July 1, 2021 onward (Americas and International).
(b)Firefighter Helmets & Protective Apparel include sales from the Bristol Uniforms acquisition from January 25, 2021 onward (International).
(c) Other products include sales of Air Purifying Respirators ("APR").