Segment Information (Tables)

9 Months Ended

Sep. 29, 2024

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 29,		September 24,		September 29,		September 24,
	2024		2023		2024		2023
	(in millions)
Net sales
Americas	$	400.0	$	351.0	$	1,266.9	$	1,041.1
Europe		107.3		120.2		344.7		384.1
APMEA		36.3		33.1		100.2		83.6
Consolidated net sales	$	543.6	$	504.3	$	1,711.8	$	1,508.8
Operating income (loss)
Americas	$	90.6	$	85.7	$	284.3	$	249.8
Europe		8.7		12.5		40.6		53.2
APMEA		6.7		5.4		18.2		11.9
Subtotal reportable segments		106.0		103.6		343.1		314.9
Corporate(*)		(12.8)		(16.5)		(41.7)		(42.7)
Consolidated operating income		93.2		87.1		301.4		272.2
Interest income		(2.1)		(2.3)		(6.1)		(4.0)
Interest expense		3.6		1.2		11.9		4.4
Other income, net		(0.6)		0.1		(1.4)		(0.4)
Income before income taxes	$	92.3	$	88.1	$	297.0	$	272.2
Capital expenditures
Americas	$	4.1	$	5.4	$	15.2	$	13.5
Europe		2.0		1.7		7.0		4.8
APMEA		0.3		0.3		1.1		0.7
Consolidated capital expenditures	$	6.4	$	7.4	$	23.3	$	19.0
Depreciation and amortization
Americas	$	11.2	$	7.5	$	32.3	$	22.0
Europe		2.3		2.4		6.8		7.1
APMEA		0.5		0.6		1.7		1.7
Consolidated depreciation and amortization	$	14.0	$	10.5	$	40.8	$	30.8
					September 29,		December 31,
					2024		2023
					(in millions)
Identifiable assets (at end of period)
Americas					$	1,674.0	$	1,605.7
Europe						584.7		569.1
APMEA						140.4		134.6
Consolidated identifiable assets					$	2,399.1	$	2,309.4
Property, plant and equipment, net (at end of period)
Americas					$	178.9	$	174.0
Europe						71.5		69.9
APMEA						4.7		4.3
Consolidated property, plant and equipment, net					$	255.1	$	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

	Third Quarter Ended				Nine Months Ended
	September 29,		September 24,		September 29,		September 24,
	2024		2023		2024		2023
	(in millions)
U.S. net sales	$	375.3	$	328.7	$	1,188.4	$	976.0

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

	Third Quarter Ended				Nine Months Ended
	September 29,		September 24,		September 29,		September 24,
	2024		2023		2024		2023
	(in millions)
Intersegment Sales
Americas	$	1.9	$	1.4	$	6.7	$	5.5
Europe		5.9		6.0		18.0		19.9
APMEA		17.3		16.8		63.7		67.4
Intersegment sales	$	25.1	$	24.2	$	88.4	$	92.8