Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Information

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

	First Quarter Ended
	March 31,		March 26,
	2024		2023
	(in millions)
Net sales
Americas	$	418.8	$	323.2
Europe		123.3		128.3
APMEA		28.8		20.2
Consolidated net sales	$	570.9	$	471.7
Operating income (loss)
Americas	$	85.4	$	72.5
Europe		20.5		19.2
APMEA		5.0		4.0
Subtotal reportable segments		110.9		95.7
Corporate(*)		(14.2)		(11.0)
Consolidated operating income		96.7		84.7
Interest income		(2.1)		(0.4)
Interest expense		4.2		1.5
Other (income) expense, net		(0.6)		0.1
Income before income taxes	$	95.2	$	83.5
Capital expenditures
Americas	$	7.4	$	3.2
Europe		2.4		1.8
APMEA		0.3		0.1
Consolidated capital expenditures	$	10.1	$	5.1
Depreciation and amortization
Americas	$	10.4	$	7.1
Europe		2.3		2.4
APMEA		0.6		0.5
Consolidated depreciation and amortization	$	13.3	$	10.0
	March 31,		December 31,
	2024		2023
	(in millions)
Identifiable assets (at end of period)
Americas	$	1,610.4	$	1,605.7
Europe		585.3		569.1
APMEA		136.7		134.6
Consolidated identifiable assets	$	2,332.4	$	2,309.4
Property, plant and equipment, net (at end of period)
Americas	$	182.3	$	174.0
Europe		68.5		69.9
APMEA		4.2		4.3
Consolidated property, plant and equipment, net	$	255.0	$	248.2

*     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

	March 31,		March 26,
	2024		2023
	(in millions)
U.S. net sales	$	392.6	$	304.3

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

	First Quarter Ended
	March 31,		March 26,
	2024		2023
	(in millions)
Intersegment Sales
Americas	$	2.6	$	2.0
Europe		5.8		5.6
APMEA		21.4		22.1
Intersegment sales	$	29.8	$	29.7