Schedule of Segment Reporting Information, by Segment |
The Company’s segment results were as follows: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2022 | | 2021 | | 2020 | | (In thousands)
| Net sales(1): | | | | | | Americas | $ | 1,128,306 | | | $ | 1,004,208 | | | $ | 767,414 | | EMEA & APAC | 1,465,174 | | | 1,423,907 | | | 1,182,655 | | | $ | 2,593,480 | | | $ | 2,428,115 | | | $ | 1,950,069 | | | | | | | | Adjusted EBITDA(2): | | | | | | Americas | $ | 188,577 | | | $ | 159,623 | | | $ | 111,588 | | EMEA & APAC | 248,177 | | | 244,458 | | | 189,558 | | | $ | 436,754 | | | $ | 404,081 | | | $ | 301,146 | | | | | | | | Depreciation, amortization and other impairment charges: | | | | | | Americas | $ | 29,281 | | | $ | 33,890 | | | $ | 36,380 | | EMEA & APAC | 36,697 | | | 42,009 | | | 40,264 | | | $ | 65,978 | | | $ | 75,899 | | | $ | 76,644 | | | | | | | | Capital expenditures: | | | | | | Americas | $ | 18,005 | | | $ | 14,095 | | | $ | 15,244 | | EMEA & APAC | 22,238 | | | 21,489 | | | 24,894 | | | $ | 40,243 | | | $ | 35,584 | | | $ | 40,138 | |
(1) For the years ended December 31, 2022, 2021 and 2020, the total Net sales originating from the United States were $583.0 million, $533.5 million and $443.7 million, respectively. The remainder of the sales were derived from foreign countries. (2) The following is a reconciliation of Net income from continuing operations to Adjusted EBITDA: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2022 | | 2021 | | 2020 | | (In thousands)
| Net income from continuing operations | $ | 231,081 | | | $ | 238,679 | | | $ | 159,868 | | Income tax expense | 69,170 | | | 80,409 | | 45,971 | Interest expense (income) and other, net (1) | 37,950 | | | (29) | | | (1,023) | | Pension settlement gain | (9,136) | | | (11,208) | | | — | | Restructuring and other related charges
| 23,096 | | | 18,954 | | | 21,633 | | Separation costs(2) | 15,545 | | | 2,865 | | | — | | Acquisition - amortization and other related charges(3) | 34,196 | | | 35,949 | | | 36,331 | | Depreciation and other amortization | 34,852 | | | 38,462 | | | 38,366 | | Adjusted EBITDA | $ | 436,754 | | | $ | 404,081 | | | $ | 301,146 | |
(1) Relates to removal of interest expense, net included within the Interest expense (income) and other, net line within the Consolidated and Combined Statements of Operations (2) Includes non-recurring charges and employee costs related to the planning and execution of the separation from Enovis within the Selling, general and administrative expense line within the Consolidated and Combined Statements of Operations. (3) Includes transaction expenses, amortization of intangibles, fair value charges on acquired inventories and integration expenses.
| | | | | | | | | | | | | December 31, | | 2022 | | 2021 | | (In thousands) | Investments in Equity Method Investees: | | | | Americas | $ | — | | | $ | — | | EMEA & APAC | 28,527 | | | 28,180 | | | $ | 28,527 | | | $ | 28,180 | | | | | | Total Assets: | | | | Americas | $ | 1,666,799 | | | $ | 1,304,797 | | EMEA & APAC | 2,087,216 | | | 2,156,465 | | | $ | 3,754,015 | | | $ | 3,461,262 | |
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Schedule of Long-Lived Assets, by Geographical Areas |
| | | | | | | | | | | | | December 31, | | 2022 | | 2021 | | (In thousands) | Property, Plant and Equipment, Net(1): | | | | United States | $ | 68,380 | | | $ | 64,136 | | Czech Republic | 60,278 | | | 63,273 | | India | 34,892 | | | 37,312 | | Russia | 19,111 | | | 18,797 | | Mexico | 17,666 | | | 14,720 | | Other foreign countries | 83,899 | | | 88,040 | | | $ | 284,226 | | | $ | 286,278 | |
(1) As the Company does not allocate all long-lived assets, specifically intangible assets, to each individual country, evaluation of long-lived assets in total is impracticable.
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