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Segment Information
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION 
The Company's operations are organized into two reportable segments: Electronics and Industrial & Specialty. These segments represent businesses for which separate financial information is utilized by the chief operating decision maker for purposes of allocating resources and evaluating performance.
The Company allocates resources and evaluates the performance of its operating segments based primarily on net sales and Adjusted EBITDA. Adjusted EBITDA for each segment is defined as EBITDA, as further adjusted for additional items included in earnings which the Company believes are not representative or indicative of each of its segments' ongoing business or are considered to be associated with the Company's capital structure. Adjusted EBITDA for each segment also includes an allocation of corporate costs, such as compensation expense and professional fees.
Results of Operations
The following table summarizes financial information regarding each reportable segment’s results of operations, including disaggregated external net sales by product category:
Year Ended December 31,
 (dollars in millions)202120202019
Net Sales:   
Electronics
Assembly Solutions$824.2 $571.7 $545.6 
Circuitry Solutions455.0 401.0 377.6 
Semiconductor Solutions254.6 199.4 162.5 
Total Electronics1,533.8 1,172.1 1,085.7 
Industrial & Specialty
Industrial Solutions648.4 473.0 521.1 
Graphics Solutions155.5 143.6 152.0 
Energy Solutions62.1 65.0 77.1 
Total Industrial & Specialty866.0 681.6 750.2 
Total net sales$2,399.8 $1,853.7 $1,835.9 
Adjusted EBITDA:   
Electronics$355.1 $277.3 $252.9 
Industrial & Specialty169.8 145.3 163.8 
Total Adjusted EBITDA$524.9 $422.6 $416.7 
The following table reconciles "Net income attributable to common stockholders" to Adjusted EBITDA:
Year Ended December 31,
 (dollars in millions)202120202019
Net income attributable to common stockholders$203.3 $75.7 $92.2 
Add (subtract):
Net income attributable to the non-controlling interests0.4 — 0.7 
(Income) loss from discontinued operations, net of tax(0.3)1.1 (13.3)
Income tax expense48.3 4.3 61.3 
Interest expense, net54.2 63.4 90.7 
Depreciation expense39.7 42.2 41.5 
Amortization expense124.2 119.2 113.2 
EBITDA469.8 305.9 386.3 
Adjustments to reconcile to Adjusted EBITDA:   
Restructuring expense11.7 6.3 14.1 
Inventory step-up12.9 2.4 0.7 
Acquisition and integration expense14.2 12.3 1.9 
Foreign exchange (gain) loss on internal debt(16.6)35.4 (31.9)
Debt refinancing costs— 45.7 62.0 
Foundation contributions— 5.0 — 
Change in fair value of contingent consideration— — (17.4)
Adjustment of stock compensation previously not probable (Note 9)23.9 — — 
Other, net9.0 9.6 1.0 
Adjusted EBITDA$524.9 $422.6 $416.7 
Net Sales by Major Country
A major country is defined as one in which total net sales represented 10% or more of the Company's total consolidated net sales in any of the years presented.
Year Ended December 31,
 (dollars in millions)202120202019
United States$585.0 $485.3 $448.7 
China486.5 347.9 328.3 
Other countries1,328.3 1,020.5 1,058.9 
Total$2,399.8 $1,853.7 $1,835.9 
Long-Lived Assets by Major Country
A major country is defined as one with long-lived assets greater than 10% of the Company's total long-lived assets, net in any of the years presented. Long-lived assets represent property, plant and equipment, net.
December 31,
 (dollars in millions)20212020
United States$87.9 $86.4 
China44.5 32.1 
Other countries145.7 121.9 
Total$278.1 $240.4 
Assets by Reportable Segment
Total assets by reportable segment at December 31, 2021 and 2020 are not presented as they are not utilized for purposes of allocating resources and evaluating performance.