XML 54 R43.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Information (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 03, 2022
USD ($)
Jun. 27, 2021
USD ($)
Jul. 03, 2022
USD ($)
segment
Jun. 27, 2021
USD ($)
Jan. 02, 2022
USD ($)
Segment Reporting [Abstract]          
Number of operating segments | segment     2    
Number of reportable segments | segment     2    
Segment Information          
Revenues $ 520.3 $ 445.1 $ 1,077.9 $ 868.6  
Operating expenses:          
Selling, general and administrative 47.5 43.7 101.8 87.1  
Depreciation and amortization 26.6 20.5 52.7 40.3  
Total operating expenses 412.4 313.4 849.2 627.4  
Operating profit 107.9 131.7 228.7 241.2  
Interest expense, net 11.5 21.9 22.7 34.9  
Other expense, net 3.6 (0.3) 5.2 (0.7)  
Intercompany (income) expense 0.0 0.0 0.0 0.0  
Income before income taxes 92.8 110.1 200.8 207.0  
Income taxes 10.1 27.2 36.6 51.6  
Net income 82.7 82.9 164.2 155.4  
Total assets 3,125.6 2,672.7 3,125.6 2,672.7 $ 3,154.3
Service revenues          
Segment Information          
Revenues 416.6 382.5 851.6 742.9  
Operating expenses:          
Cost of service and vehicle sales 242.7 197.6 495.0 394.0  
Vehicle and parts sales          
Segment Information          
Revenues 103.7 62.6 226.3 125.7  
Operating expenses:          
Cost of service and vehicle sales 95.6 51.6 199.7 106.0  
United States          
Segment Information          
Revenues 418.5 393.0 857.3 751.3  
Operating expenses:          
Selling, general and administrative 42.3 40.5 89.5 81.0  
Depreciation and amortization 21.5 18.4 42.2 36.3  
Total operating expenses 314.8 268.3 641.7 525.8  
Operating profit 103.7 124.7 215.6 225.5  
Interest expense, net 11.5 22.0 22.7 35.0  
Other expense, net 3.6 (0.1) 4.7 (0.3)  
Intercompany (income) expense (2.2) (2.1) (4.0) (4.4)  
Income before income taxes 90.8 104.9 192.2 195.2  
Income taxes 9.6 25.5 33.9 48.2  
Net income 81.2 79.4 158.3 147.0  
Total assets 2,575.7 2,434.6 2,575.7 2,434.6  
United States | Service revenues          
Segment Information          
Revenues 380.9 359.0 777.5 691.4  
Operating expenses:          
Cost of service and vehicle sales 211.8 182.7 433.5 360.8  
United States | Vehicle and parts sales          
Segment Information          
Revenues 37.6 34.0 79.8 59.9  
Operating expenses:          
Cost of service and vehicle sales 39.2 26.7 76.5 47.7  
International          
Segment Information          
Revenues 101.8 52.1 220.6 117.3  
Operating expenses:          
Selling, general and administrative 5.2 3.2 12.3 6.1  
Depreciation and amortization 5.1 2.1 10.5 4.0  
Total operating expenses 97.6 45.1 207.5 101.6  
Operating profit 4.2 7.0 13.1 15.7  
Interest expense, net 0.0 (0.1) 0.0 (0.1)  
Other expense, net 0.0 (0.2) 0.5 (0.4)  
Intercompany (income) expense 2.2 2.1 4.0 4.4  
Income before income taxes 2.0 5.2 8.6 11.8  
Income taxes 0.5 1.7 2.7 3.4  
Net income 1.5 3.5 5.9 8.4  
Total assets 549.9 238.1 549.9 238.1  
International | Service revenues          
Segment Information          
Revenues 35.7 23.5 74.1 51.5  
Operating expenses:          
Cost of service and vehicle sales 30.9 14.9 61.5 33.2  
International | Vehicle and parts sales          
Segment Information          
Revenues 66.1 28.6 146.5 65.8  
Operating expenses:          
Cost of service and vehicle sales $ 56.4 $ 24.9 $ 123.2 $ 58.3