Segment Information (Tables)

6 Months Ended

Jun. 28, 2020

Segment Information

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

	Second Quarter Ended				Six Months Ended
	June 28,		June 30,		June 28,		June 30,
	2020		2019		2020		2019
					(in millions)
Net Sales
Americas	$	237.4	$	287.0	$	499.8	$	545.9
Europe		88.1		113.2		198.3		229.5
APMEA		13.2		16.6		23.2		30.1
Consolidated net sales	$	338.7	$	416.8	$	721.3	$	805.5
Operating income
Americas	$	29.5	$	50.7	$	72.9	$	93.8
Europe		9.2		12.8		22.9		26.0
APMEA		0.8		1.2		0.7		2.4
Subtotal reportable segments		39.5		64.7		96.5		122.2
Corporate(*)		(8.5)		(10.4)		(17.7)		(21.2)
Consolidated operating income		31.0		54.3		78.8		101.0
Interest income		(0.1)		(0.1)		(0.2)		(0.2)
Interest expense		4.0		3.7		7.0		7.3
Other (income) expense, net		(0.4)		(0.1)		(0.1)		0.4
Income before income taxes	$	27.5	$	50.8	$	72.1	$	93.5
Capital Expenditures
Americas	$	11.1	$	3.6	$	17.7	$	7.5
Europe		3.8		3.5		6.0		6.5
APMEA		—		0.3		0.1		0.3
Consolidated capital expenditures	$	14.9	$	7.4	$	23.8	$	14.3
Depreciation and Amortization
Americas	$	7.5	$	7.2	$	14.9	$	14.3
Europe		3.5		3.5		6.9		7.1
APMEA		0.5		0.7		1.1		1.4
Consolidated depreciation and amortization	$	11.5	$	11.4	$	22.9	$	22.8
Identifiable assets (at end of period)
Americas					$	1,079.0	$	1,052.4
Europe						479.7		516.3
APMEA						89.6		109.7
Consolidated identifiable assets					$	1,648.3	$	1,678.4
Property, plant and equipment, net (at end of period)
Americas					$	123.9	$	114.0
Europe						77.8		80.5
APMEA						5.2		6.4
Consolidated property, plant and equipment, net					$	206.9	$	200.9

*     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
	June 28,		June 30,		June 28,		June 30,
	2020		2019		2020		2019
					(in millions)
U.S. net sales	$	222.6	$	269.4	$	469.3	$	512.9

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

	Second Quarter Ended				Six Months Ended
	June 28,		June 30,		June 28,		June 30,
	2020		2019		2020		2019
					(in millions)
Intersegment Sales
Americas	$	2.9	$	3.0	$	5.5	$	5.9
Europe		5.3		4.2		9.5		7.9
APMEA		21.0		18.8		34.5		35.7
Intersegment sales	$	29.2	$	26.0	$	49.5	$	49.5