Segment Information (Tables)

3 Months Ended

Mar. 28, 2021

Segment Information

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

	First Quarter Ended
	March 28,		March 29,
	2021		2020
	(in millions)
Net sales
Americas	$	272.8	$	262.4
Europe		122.9		110.2
APMEA		17.6		10.0
Consolidated net sales	$	413.3	$	382.6
Operating income (loss)
Americas	$	48.5	$	43.4
Europe		19.5		13.7
APMEA		2.3		(0.1)
Subtotal reportable segments		70.3		57.0
Corporate(*)		(10.7)		(9.2)
Consolidated operating income		59.6		47.8
Interest income		—		(0.1)
Interest expense		2.0		3.0
Other expense (income), net		(0.3)		0.3
Income before income taxes	$	57.9	$	44.6
Capital expenditures
Americas	$	2.5	$	6.6
Europe		2.4		2.2
APMEA		—		0.1
Consolidated capital expenditures	$	4.9	$	8.9
Depreciation and amortization
Americas	$	7.7	$	7.4
Europe		3.3		3.4
APMEA		0.8		0.6
Consolidated depreciation and amortization	$	11.8	$	11.4
Identifiable assets (at end of period)
Americas	$	1,105.0	$	1,155.4
Europe		549.4		519.6
APMEA		130.0		92.4
Consolidated identifiable assets	$	1,784.4	$	1,767.4
Property, plant and equipment, net (at end of period)
Americas	$	120.3	$	121.0
Europe		80.4		75.4
APMEA		5.1		5.4
Consolidated property, plant and equipment, net	$	205.8	$	201.8

*     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

	First Quarter Ended
	March 28,		March 29,
	2021		2020
U.S. net sales	$	254.4	$	246.7

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

	First Quarter Ended
	March 28,		March 29,
	2021		2020
Intersegment Sales
Americas	$	2.5	$	2.4
Europe		7.6		4.1
APMEA		26.3		13.6
Intersegment sales	$	36.4	$	20.1