XML 39 R27.htm IDEA: XBRL DOCUMENT v3.22.2.2
Segment Information (Tables)
9 Months Ended
Sep. 25, 2022
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 25,

​

September 26,

​

September 25,

​

September 26,

​

​

    

2022

    

2021

    

2022

    

2021

    

​

​

(in millions)

​

Net sales

​

​

    

​

​

    

​

​

    

​

​

    

​

Americas

​

$

349.8

​

$

309.1

​

$

1,039.6

​

$

889.0

​

Europe

​

 

113.1

​

 

124.1

​

 

370.9

​

 

383.8

​

APMEA

​

 

24.9

​

 

21.8

​

 

67.1

​

 

62.5

​

Consolidated net sales

​

$

487.8

​

$

455.0

​

$

1,477.6

​

$

1,335.3

​

Operating income (loss)

​

​

​

​

​

​

​

​

​

​

​

​

​

Americas

​

$

76.2

​

$

55.9

​

$

219.6

​

$

159.6

​

Europe

​

 

12.6

​

 

18.3

​

 

53.3

​

 

43.2

​

APMEA

​

 

4.1

​

 

4.2

​

 

10.7

​

 

10.8

​

Subtotal reportable segments

​

 

92.9

​

 

78.4

​

 

283.6

​

 

213.6

​

Corporate(*)

​

 

(12.5)

​

 

(13.7)

​

 

(35.8)

​

 

(36.6)

​

Consolidated operating income

​

 

80.4

​

 

64.7

​

 

247.8

​

 

177.0

​

Interest income

​

 

(0.2)

​

 

—

​

 

(0.3)

​

 

—

​

Interest expense

​

 

1.9

​

 

1.4

​

 

5.0

​

 

4.9

​

Other (income) expense, net

​

 

(0.1)

​

 

(0.2)

​

 

0.2

​

 

(1.0)

​

Income before income taxes

​

$

78.8

​

$

63.5

​

$

242.9

​

$

173.1

​

Capital expenditures

​

​

​

​

​

​

​

​

​

​

​

​

​

Americas

​

$

3.2

​

$

5.3

​

$

11.0

​

$

12.6

​

Europe

​

 

3.8

​

 

1.3

​

 

8.7

​

 

6.6

​

APMEA

​

 

0.1

​

 

—

​

 

0.5

​

 

0.4

​

Consolidated capital expenditures

​

$

7.1

​

$

6.6

​

$

20.2

​

$

19.6

​

Depreciation and amortization

​

​

​

​

​

​

​

​

​

​

​

​

​

Americas

​

$

7.3

​

$

7.3

​

$

21.0

​

$

22.4

​

Europe

​

 

2.4

​

 

3.2

​

 

8.0

​

 

9.5

​

APMEA

​

 

0.5

​

 

0.2

​

 

1.6

​

 

2.1

​

Consolidated depreciation and amortization

​

$

10.2

​

$

10.7

​

$

30.6

​

$

34.0

​

Identifiable assets (at end of period)

​

​

​

​

​

​

​

​

​

​

​

​

​

Americas

​

​

​

​

​

​

​

$

1,220.8

​

$

1,150.0

​

Europe

​

​

​

​

​

​

​

 

539.7

​

 

571.0

​

APMEA

​

​

​

​

​

​

​

 

125.1

​

 

142.2

​

Consolidated identifiable assets

​

​

​

​

​

​

​

$

1,885.6

​

$

1,863.2

​

Property, plant and equipment, net (at end of period)

​

​

​

​

​

​

​

​

​

​

​

​

​

Americas

​

​

​

​

​

​

​

$

122.0

​

$

120.9

​

Europe

​

​

​

​

​

​

​

 

62.9

​

 

78.4

​

APMEA

​

​

​

​

​

​

​

 

4.2

​

 

4.9

​

Consolidated property, plant and equipment, net

​

​

​

​

​

​

​

$

189.1

​

$

204.2

​

*     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 25,

​

September 26,

​

September 25,

​

September 26,

​

​

    

2022

    

2021

    

2022

    

2021

    

​

​

(in millions)

​

U.S. net sales

​

$

327.1

​

$

288.7

​

$

973.5

​

$

828.1

​

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Third Quarter Ended

​

Nine Months Ended

​

​

​

September 25,

​

September 26,

​

September 25,

​

September 26,

​

​

    

2022

    

2021

    

2022

    

2021

    

​

​

(in millions)

​

Intersegment Sales

​

​

    

​

​

    

​

​

    

​

​

    

​

Americas

​

$

2.5

​

$

2.5

​

$

7.9

​

$

7.4

​

Europe

​

 

6.2

​

 

6.7

​

 

20.2

​

 

22.9

​

APMEA

​

 

10.8

​

 

32.2

​

 

63.2

​

 

95.6

​

Intersegment sales

​

$

19.5

​

$

41.4

​

$

91.3

​

$

125.9

​