Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Information

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

	Second Quarter Ended				Six Months Ended
	June 30,		June 25,		June 30,		June 25,
	2024		2023		2024		2023
	(in millions)
Net sales
Americas	$	448.1	$	366.9	$	866.9	$	690.1
Europe		114.1		135.6		237.4		263.9
APMEA		35.1		30.3		63.9		50.5
Consolidated net sales	$	597.3	$	532.8	$	1,168.2	$	1,004.5
Operating income (loss)
Americas	$	108.4	$	91.6	$	193.8	$	164.1
Europe		11.3		21.5		31.8		40.7
APMEA		6.5		2.5		11.5		6.5
Subtotal reportable segments		126.2		115.6		237.1		211.3
Corporate(*)		(14.7)		(15.2)		(28.9)		(26.2)
Consolidated operating income		111.5		100.4		208.2		185.1
Interest income		(1.9)		(1.3)		(4.0)		(1.7)
Interest expense		4.1		1.7		8.3		3.2
Other income, net		(0.2)		(0.6)		(0.8)		(0.5)
Income before income taxes	$	109.5	$	100.6	$	204.7	$	184.1
Capital expenditures
Americas	$	3.7	$	4.9	$	11.0	$	8.1
Europe		2.6		1.3		5.0		3.1
APMEA		0.5		0.3		0.9		0.4
Consolidated capital expenditures	$	6.8	$	6.5	$	16.9	$	11.6
Depreciation and amortization
Americas	$	10.7	$	7.4	$	21.1	$	14.5
Europe		2.3		2.3		4.5		4.7
APMEA		0.5		0.6		1.1		1.1
Consolidated depreciation and amortization	$	13.5	$	10.3	$	26.7	$	20.3
					June 30,		December 31,
					2024		2023
					(in millions)
Identifiable assets (at end of period)
Americas					$	1,648.9	$	1,605.7
Europe						586.3		569.1
APMEA						148.1		134.6
Consolidated identifiable assets					$	2,383.3	$	2,309.4
Property, plant and equipment, net (at end of period)
Americas					$	181.2	$	174.0
Europe						68.5		69.9
APMEA						4.5		4.3
Consolidated property, plant and equipment, net					$	254.2	$	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

	Second Quarter Ended				Six Months Ended
	June 30,		June 25,		June 30,		June 25,
	2024		2023		2024		2023
	(in millions)
U.S. net sales	$	420.6	$	343.0	$	813.1	$	647.3

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

	Second Quarter Ended				Six Months Ended
	June 30,		June 25,		June 30,		June 25,
	2024		2023		2024		2023
	(in millions)
Intersegment Sales
Americas	$	2.2	$	2.0	$	4.8	$	4.0
Europe		6.4		8.3		12.1		13.9
APMEA		25.1		28.5		46.4		50.6
Intersegment sales	$	33.7	$	38.8	$	63.3	$	68.5