Segment Information (Tables)

9 Months Ended

Oct. 01, 2017

Segment Information

Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals

	Third Quarter Ended				Nine Months Ended
	October 1,		October 2,		October 1,		October 2,
	2017		2016		2017		2016
	(in millions)
Net Sales
Americas	$	239.1	$	215.8	$	718.3	$	677.6
Europe		109.0		107.0		324.6		329.6
APMEA		16.6		18.3		47.5		49.2
Consolidated net sales	$	364.7	$	341.1	$	1,090.4	$	1,056.4
Operating income (loss)
Americas	$	39.8	$	32.2	$	110.5	$	95.7
Europe		13.4		12.3		38.5		32.3
APMEA		0.5		1.6		3.3		13.1
Subtotal reportable segments		53.7		46.1		152.3		141.1
Corporate(*)		(9.4)		(9.6)		(27.5)		(27.7)
Consolidated operating income		44.3		36.5		124.8		113.4
Interest income		(0.2)		(0.3)		(0.6)		(0.8)
Interest expense		4.7		4.9		14.5		17.1
Other expense (income), net		0.3		(0.5)		0.8		(3.6)
Income before income taxes	$	39.5	$	32.4	$	110.1	$	100.7
Capital Expenditures
Americas	$	4.4	$	5.1	$	12.5	$	19.5
Europe		1.7		1.9		4.2		6.2
APMEA		0.1		0.1		0.4		0.6
Consolidated capital expenditures	$	6.2	$	7.1	$	17.1	$	26.3
Depreciation and Amortization
Americas	$	7.6	$	7.7	$	22.8	$	20.9
Europe		4.9		4.8		13.8		14.6
APMEA		0.4		0.7		2.1		2.5
Consolidated depreciation and amortization	$	12.9	$	13.2	$	38.7	$	38.0
Identifiable assets (at end of period)
Americas					$	1,074.0	$	1,011.1
Europe						510.4		605.6
APMEA						131.2		130.6
Consolidated identifiable assets					$	1,715.6	$	1,747.3
Property, plant and equipment, net (at end of period)
Americas					$	105.7	$	95.8
Europe						79.2		80.9
APMEA						7.2		8.1
Consolidated property, plant and equipment, net					$	192.1	$	184.8

*     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
	October 1,		October 2,		October 1,		October 2,
	2017		2016		2017		2016
	(in millions)
U.S. net sales	$	222.0	$	200.5	$	670.6	$	631.9

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

	Third Quarter Ended				Nine Months Ended
	October 1,		October 2,		October 1,		October 2,
	2017		2016		2017		2016
	(in millions)
Intersegment Sales
Americas	$	2.5	$	2.9	$	9.0	$	9.1
Europe		4.0		2.9		11.9		8.8
APMEA		12.8		17.2		52.8		58.3
Intersegment sales	$	19.3	$	23.0	$	73.7	$	76.2