Segment Information (Tables)

9 Months Ended

Sep. 24, 2023

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 24,		September 25,		September 24,		September 25,
	2023		2022		2023		2022
	(in millions)
Net sales
Americas	$	351.0	$	349.8	$	1,041.1	$	1,039.6
Europe		120.2		113.1		384.1		370.9
APMEA		33.1		24.9		83.6		67.1
Consolidated net sales	$	504.3	$	487.8	$	1,508.8	$	1,477.6
Operating income (loss)
Americas	$	85.7	$	76.2	$	249.8	$	219.6
Europe		12.5		12.6		53.2		53.3
APMEA		5.4		4.1		11.9		10.7
Subtotal reportable segments		103.6		92.9		314.9		283.6
Corporate(*)		(16.5)		(12.5)		(42.7)		(35.8)
Consolidated operating income		87.1		80.4		272.2		247.8
Interest income		(2.3)		(0.2)		(4.0)		(0.3)
Interest expense		1.2		1.9		4.4		5.0
Other expense (income), net		0.1		(0.1)		(0.4)		0.2
Income before income taxes	$	88.1	$	78.8	$	272.2	$	242.9
Capital expenditures
Americas	$	5.4	$	3.2	$	13.5	$	11.0
Europe		1.7		3.8		4.8		8.7
APMEA		0.3		0.1		0.7		0.5
Consolidated capital expenditures	$	7.4	$	7.1	$	19.0	$	20.2
Depreciation and amortization
Americas	$	7.5	$	7.3	$	22.0	$	21.0
Europe		2.4		2.4		7.1		8.0
APMEA		0.6		0.5		1.7		1.6
Consolidated depreciation and amortization	$	10.5	$	10.2	$	30.8	$	30.6
Identifiable assets (at end of period)
Americas					$	1,292.2	$	1,220.8
Europe						571.0		539.7
APMEA						154.4		125.1
Consolidated identifiable assets					$	2,017.6	$	1,885.6
Property, plant and equipment, net (at end of period)
Americas					$	123.5	$	122.0
Europe						66.3		62.9
APMEA						4.2		4.2
Consolidated property, plant and equipment, net					$	194.0	$	189.1

*     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 24,		September 25,		September 24,		September 25,
	2023		2022		2023		2022
	(in millions)
U.S. net sales	$	328.7	$	327.1	$	976.0	$	973.5

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

	Third Quarter Ended				Nine Months Ended
	September 24,		September 25,		September 24,		September 25,
	2023		2022		2023		2022
	(in millions)
Intersegment Sales
Americas	$	1.4	$	2.5	$	5.5	$	7.9
Europe		6.0		6.2		19.9		20.2
APMEA		16.8		10.8		67.4		63.2
Intersegment sales	$	24.2	$	19.5	$	92.8	$	91.3