Segment Information (Tables)

9 Months Ended

Sep. 26, 2021

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 26,		September 27,		September 26,		September 27,
	2021		2020		2021		2020
	(in millions)
Net sales
Americas	$	309.1	$	261.5	$	889.0	$	761.3
Europe		124.1		106.7		383.8		305.0
APMEA		21.8		15.7		62.5		38.9
Consolidated net sales	$	455.0	$	383.9	$	1,335.3	$	1,105.2
Operating income (loss)
Americas	$	55.9	$	47.3	$	159.6	$	120.2
Europe		18.3		10.4		43.2		33.3
APMEA		4.2		—		10.8		0.7
Subtotal reportable segments		78.4		57.7		213.6		154.2
Corporate(*)		(13.7)		(9.8)		(36.6)		(27.5)
Consolidated operating income		64.7		47.9		177.0		126.7
Interest income		—		—		—		(0.2)
Interest expense		1.4		3.0		4.9		10.0
Other (income) expense, net		(0.2)		1.1		(1.0)		1.0
Income before income taxes	$	63.5	$	43.8	$	173.1	$	115.9
Capital expenditures
Americas	$	5.3	$	6.9	$	12.6	$	24.5
Europe		1.3		2.5		6.6		8.5
APMEA		—		0.6		0.4		0.8
Consolidated capital expenditures	$	6.6	$	10.0	$	19.6	$	33.8
Depreciation and amortization
Americas	$	7.3	$	7.5	$	22.4	$	22.4
Europe		3.2		3.7		9.5		10.5
APMEA		0.2		0.6		2.1		1.8
Consolidated depreciation and amortization	$	10.7	$	11.8	$	34.0	$	34.7
Identifiable assets (at end of period)
Americas					$	1,150.0	$	1,105.8
Europe						571.0		494.1
APMEA						142.2		109.1
Consolidated identifiable assets					$	1,863.2	$	1,709.0
Property, plant and equipment, net (at end of period)
Americas					$	120.9	$	125.6
Europe						78.4		80.3
APMEA						4.9		5.4
Consolidated property, plant and equipment, net					$	204.2	$	211.3

*     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 26,		September 27,		September 26,		September 27,
	2021		2020		2021		2020
	(in millions)
U.S. net sales	$	288.7	$	242.5	$	828.1	$	711.8

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

	Third Quarter Ended				Nine Months Ended
	September 26,		September 27,		September 26,		September 27,
	2021		2020		2021		2020
	(in millions)
Intersegment Sales
Americas	$	2.5	$	1.6	$	7.4	$	7.1
Europe		6.7		4.2		22.9		13.7
APMEA		32.2		19.2		95.6		53.7
Intersegment sales	$	41.4	$	25.0	$	125.9	$	74.5