Segment Information (Tables)

9 Months Ended

Sep. 29, 2019

Segment Information

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

	Third Quarter Ended				Nine Months Ended
	September 29,		September 30,		September 29,		September 30,
	2019		2018		2019		2018
	(in millions)
Net Sales
Americas	$	270.3	$	262.7	$	816.2	$	775.8
Europe		107.9		111.6		337.4		351.7
APMEA		16.5		16.6		46.6		49.8
Consolidated net sales	$	394.7	$	390.9	$	1,200.2	$	1,177.3
Operating income
Americas	$	48.5	$	45.0	$	142.3	$	128.1
Europe		12.1		9.4		38.1		37.2
APMEA		1.4		2.5		3.9		5.5
Subtotal reportable segments		62.0		56.9		184.3		170.8
Corporate(*)		(13.2)		(10.0)		(34.5)		(27.8)
Consolidated operating income		48.8		46.9		149.8		143.0
Interest income		(0.1)		(0.1)		(0.3)		(0.6)
Interest expense		3.5		3.9		10.8		12.6
Other income, net		(0.8)		(0.9)		(0.4)		(2.0)
Income before income taxes	$	46.2	$	44.0	$	139.7	$	133.0
Capital Expenditures
Americas	$	3.1	$	5.1	$	10.5	$	15.0
Europe		1.5		3.4		8.1		8.1
APMEA		0.1		0.4		0.5		1.0
Consolidated capital expenditures	$	4.7	$	8.9	$	19.1	$	24.1
Depreciation and Amortization
Americas	$	7.3	$	7.4	$	21.6	$	21.7
Europe		3.6		3.7		10.7		13.1
APMEA		0.7		0.6		2.0		1.9
Consolidated depreciation and amortization	$	11.6	$	11.7	$	34.3	$	36.7
Identifiable assets (at end of period)
Americas					$	1,098.1	$	1,024.2
Europe						504.6		520.2
APMEA						93.6		105.2
Consolidated identifiable assets					$	1,696.3	$	1,649.6
Property, plant and equipment, net (at end of period)
Americas					$	113.5	$	113.0
Europe						76.4		78.9
APMEA						5.9		6.6
Consolidated property, plant and equipment, net					$	195.8	$	198.5

*     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
	September 29,		September 30,		September 29,		September 30,
	2019		2018		2019		2018
	(in millions)
U.S. net sales	$	252.0	$	245.5	$	764.9	$	725.1

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

	Third Quarter Ended				Nine Months Ended
	September 29,		September 30,		September 29,		September 30,
	2019		2018		2019		2018
	(in millions)
Intersegment Sales
Americas	$	3.2	$	3.7	$	9.1	$	9.7
Europe		3.4		3.7		11.3		10.6
APMEA		17.7		27.3		53.4		68.7
Intersegment sales	$	24.3	$	34.7	$	73.8	$	89.0