Segment Information (Tables)

6 Months Ended

Jul. 01, 2018

Segment Information

Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals

	Second Quarter Ended				Six Months Ended
	July 1,		July 2,		July 1,		July 2,
	2018		2017		2018		2017
	(in millions)
Net Sales
Americas	$	272.0	$	250.5	$	513.1	$	479.2
Europe		117.1		110.7		240.1		215.6
APMEA		18.8		17.3		33.2		30.9
Consolidated net sales	$	407.9	$	378.5	$	786.4	$	725.7
Operating income
Americas	$	46.7	$	39.6	$	83.1	$	70.7
Europe		12.9		12.7		27.8		25.1
APMEA		1.6		1.8		3.0		2.8
Subtotal reportable segments		61.2		54.1		113.9		98.6
Corporate(*)		(9.0)		(9.3)		(17.8)		(18.1)
Consolidated operating income		52.2		44.8		96.1		80.5
Interest income		(0.1)		(0.2)		(0.5)		(0.4)
Interest expense		4.4		5.0		8.7		9.8
Other (income) expense, net		(1.8)		0.2		(1.1)		0.5
Income before income taxes	$	49.7	$	39.8	$	89.0	$	70.6
Capital Expenditures
Americas	$	5.3	$	3.8	$	9.9	$	8.1
Europe		2.2		1.3		4.7		2.6
APMEA		0.4		0.1		0.6		0.3
Consolidated capital expenditures	$	7.9	$	5.2	$	15.2	$	11.0
Depreciation and Amortization
Americas	$	7.2	$	8.0	$	14.3	$	15.1
Europe		4.5		4.6		9.4		8.9
APMEA		0.6		1.0		1.3		1.7
Consolidated depreciation and amortization	$	12.3	$	13.6	$	25.0	$	25.7
Identifiable assets (at end of period)
Americas					$	1,027.3	$	1,077.0
Europe						510.1		523.2
APMEA						109.9		111.7
Consolidated identifiable assets					$	1,647.3	$	1,711.9
Property, plant and equipment, net (at end of period)
Americas					$	111.6	$	106.0
Europe						77.8		78.4
APMEA						6.8		7.2
Consolidated property, plant and equipment, net					$	196.2	$	191.6

*     Corporate expenses are primarily for administrative compensation expense, compliance costs, professional fees, including corporate-related legal and audit expenses, shareholder services and benefit administration costs.

Schedule of U.S. net sales of the Company's Americas segment

	Second Quarter Ended				Six Months Ended
	July 1,		July 2,		July 1,		July 2,
	2018		2017		2018		2017
	(in millions)
U.S. net sales	$	254.3	$	234.9	$	479.5	$	448.6

Schedule of intersegment sales for Americas, EMEA and Asia-Pacific

	Second Quarter Ended				Six Months Ended
	July 1,		July 2,		July 1,		July 2,
	2018		2017		2018		2017
	(in millions)
Intersegment Sales
Americas	$	3.4	$	3.6	$	6.0	$	6.4
Europe		3.5		4.0		6.9		7.9
APMEA		24.7		20.4		41.4		40.0
Intersegment sales	$	31.6	$	28.0	$	54.3	$	54.3