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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Revenues $ 868.1 $ 764.3 $ 854.8
Cost of goods sold 508.6 490.8 525.1
Restructuring charges - cost of goods sold 0.0 2.3 1.7
Gross Profit, Total 359.5 271.2 328.0
Research and development expenses 92.8 92.9 96.8
Selling and administrative expenses 146.4 131.5 145.7
Total impairment charges 4.0 7.6 0.0
Restructuring charges 0.5 10.0 4.3
Operating expenses 243.7 242.0 246.8
Operating earnings 115.8 29.2 81.2
Interest expense, net 14.2 16.4 14.5
Other (income) expense, net (3.0) 1.5 0.4
(Benefit from) provision for income taxes (45.6) 8.4 16.6
Earnings from continuing operations 150.2 2.9 49.7
Earnings (loss) from discontinued operations, net 0.2 3.7 (0.6)
Net earnings $ 150.4 $ 6.6 $ 49.1
Earnings per share:      
Income (Loss) from Continuing Operations, Per Basic Share $ 1.63 $ 0.03 $ 0.55
Income (Loss) from Continuing Operations, Per Diluted Share 1.59 0.03 0.53
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share 0 0.04 0
Earnings Per Share, Basic 1.63 0.07 0.54
Earnings Per Share, Diluted $ 1.59 $ 0.07 $ 0.53
Weighted-average common shares outstanding:      
Basic (in shares) [1] 92,300,000 91,700,000 91,200,000
Diluted (in shares) [1] 94,700,000 92,900,000 93,400,000
(Loss) earnings before income taxes [2] $ 104.6 $ 11.3 $ 66.3
[1]
 Years Ended December 31,
 202120202019
Revenues$868.1 $764.3 $854.8 
Cost of goods sold508.6 490.8 525.1 
Restructuring charges - cost of goods sold— 2.3 1.7 
Gross profit359.5 271.2 328.0 
Research and development expenses92.8 92.9 96.8 
Selling and administrative expenses146.4 131.5 145.7 
Impairment charges4.0 7.6 — 
Restructuring charges0.5 10.0 4.3 
Operating expenses243.7 242.0 246.8 
Operating earnings115.8 29.2 81.2 
Interest expense, net14.2 16.4 14.5 
Other (income) expense, net(3.0)1.5 0.4 
Earnings before income taxes and discontinued operations104.6 11.3 66.3 
(Benefit from) provision for income taxes(45.6)8.4 16.6 
Earnings from continuing operations150.2 2.9 49.7 
Earnings (loss) from discontinued operations, net0.2 3.7 (0.6)
Net earnings$150.4 $6.6 $49.1 
Earnings per share from continuing operations:
Basic$1.63 $0.03 $0.55 
Diluted$1.59 $0.03 $0.53 
Earnings (loss) per share from discontinued operations:
Basic$— $0.04 $(0.01)
Diluted$— $0.04 $— 
Net earnings per share:
Basic$1.63 $0.07 $0.54 
Diluted$1.59 $0.07 $0.53 
Weighted-average common shares outstanding:
Basic92.3 91.7 91.2 
Diluted94.7 92.9 93.4 
[2]
 Years Ended December 31,
(in millions)202120202019
Revenues:
Audio$667.0 $591.2 $682.8 
Precision Devices201.1 173.1 172.0 
Total revenues$868.1 $764.3 $854.8 
Earnings from continuing operations before interest and income taxes:
Audio$137.0 $44.9 $107.3 
Precision Devices43.7 31.7 30.4 
Total segments180.7 76.6 137.7 
Corporate expense / other61.9 48.9 56.9 
Interest expense, net14.2 16.4 14.5 
Earnings before income taxes and discontinued operations104.6 11.3 66.3 
 (Benefit from) provision for income taxes(45.6)8.4 16.6 
Earnings from continuing operations$150.2 $2.9 $49.7 
Depreciation and amortization:
Audio$46.2 $47.0 $41.3 
Precision Devices13.3 10.5 9.9 
Corporate3.0 3.1 3.2 
Total$62.5 $60.6 $54.4 
Capital expenditures:
Audio$40.8 $21.9 $24.0 
Precision Devices5.6 9.6 16.5 
Corporate2.2 0.4 0.7 
Total$48.6 $31.9 $41.2 
Research and development:
Audio$81.8 $84.6 $90.8 
Precision Devices10.5 6.7 5.8 
Corporate0.5 1.6 0.2 
Total$92.8 $92.9 $96.8