Segment Information (Tables)

9 Months Ended

Sep. 27, 2020

Segment Information

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

	Third Quarter Ended				Nine Months Ended
	September 27,		September 29,		September 27,		September 29,
	2020		2019		2020		2019
					(in millions)
Net Sales
Americas	$	261.5	$	270.3	$	761.3	$	816.2
Europe		106.7		107.9		305.0		337.4
APMEA		15.7		16.5		38.9		46.6
Consolidated net sales	$	383.9	$	394.7	$	1,105.2	$	1,200.2
Operating income
Americas	$	47.3	$	48.5	$	120.2	$	142.3
Europe		10.4		12.1		33.3		38.1
APMEA		—		1.4		0.7		3.9
Subtotal reportable segments		57.7		62.0		154.2		184.3
Corporate(*)		(9.8)		(13.2)		(27.5)		(34.5)
Consolidated operating income		47.9		48.8		126.7		149.8
Interest income		—		(0.1)		(0.2)		(0.3)
Interest expense		3.0		3.5		10.0		10.8
Other expense (income), net		1.1		(0.8)		1.0		(0.4)
Income before income taxes	$	43.8	$	46.2	$	115.9	$	139.7
Capital Expenditures
Americas	$	6.9	$	3.1	$	24.5	$	10.5
Europe		2.5		1.5		8.5		8.1
APMEA		0.6		0.1		0.8		0.5
Consolidated capital expenditures	$	10.0	$	4.7	$	33.8	$	19.1
Depreciation and Amortization
Americas	$	7.5	$	7.3	$	22.4	$	21.6
Europe		3.7		3.6		10.5		10.7
APMEA		0.6		0.7		1.8		2.0
Consolidated depreciation and amortization	$	11.8	$	11.6	$	34.7	$	34.3
Identifiable assets (at end of period)
Americas					$	1,105.8	$	1,098.1
Europe						494.1		504.6
APMEA						109.1		93.6
Consolidated identifiable assets					$	1,709.0	$	1,696.3
Property, plant and equipment, net (at end of period)
Americas					$	125.6	$	113.5
Europe						80.3		76.4
APMEA						5.4		5.9
Consolidated property, plant and equipment, net					$	211.3	$	195.8

*     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

	Third Quarter Ended				Nine Months Ended
	September 27,		September 29,		September 27,		September 29,
	2020		2019		2020		2019
					(in millions)
U.S. net sales	$	242.5	$	252.0	$	711.8	$	764.9

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

	Third Quarter Ended				Nine Months Ended
	September 27,		September 29,		September 27,		September 29,
	2020		2019		2020		2019
					(in millions)
Intersegment Sales
Americas	$	1.6	$	3.2	$	7.1	$	9.1
Europe		4.2		3.4		13.7		11.3
APMEA		19.2		17.7		53.7		53.4
Intersegment sales	$	25.0	$	24.3	$	74.5	$	73.8