Segment Information (Tables)

6 Months Ended

Jun. 27, 2021

Segment Information

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

	Second Quarter Ended				Six Months Ended
	June 27,		June 28,		June 27,		June 28,
	2021		2020		2021		2020
	(in millions)
Net sales
Americas	$	307.1	$	237.4	$	579.9	$	499.8
Europe		136.8		88.1		259.7		198.3
APMEA		23.1		13.2		40.7		23.2
Consolidated net sales	$	467.0	$	338.7	$	880.3	$	721.3
Operating income (loss)
Americas	$	55.2	$	29.5	$	103.7	$	72.9
Europe		5.4		9.2		24.9		22.9
APMEA		4.3		0.8		6.6		0.7
Subtotal reportable segments		64.9		39.5		135.2		96.5
Corporate(*)		(12.2)		(8.5)		(22.9)		(17.7)
Consolidated operating income		52.7		31.0		112.3		78.8
Interest income		—		(0.1)		—		(0.2)
Interest expense		1.5		4.0		3.5		7.0
Other income, net		(0.5)		(0.4)		(0.8)		(0.1)
Income before income taxes	$	51.7	$	27.5	$	109.6	$	72.1
Capital expenditures
Americas	$	4.8	$	11.1	$	7.2	$	17.7
Europe		2.9		3.8		5.2		6.0
APMEA		0.6		—		0.6		0.1
Consolidated capital expenditures	$	8.3	$	14.9	$	13.0	$	23.8
Depreciation and amortization
Americas	$	7.4	$	7.5	$	15.1	$	14.9
Europe		3.0		3.5		6.3		6.9
APMEA		1.1		0.5		1.9		1.1
Consolidated depreciation and amortization	$	11.5	$	11.5	$	23.3	$	22.9
Identifiable assets (at end of period)
Americas					$	1,127.2	$	1,079.0
Europe						586.7		479.7
APMEA						141.4		89.6
Consolidated identifiable assets					$	1,855.3	$	1,648.3
Property, plant and equipment, net (at end of period)
Americas					$	120.6	$	123.9
Europe						81.5		77.8
APMEA						4.9		5.2
Consolidated property, plant and equipment, net					$	207.0	$	206.9

*     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

	Second Quarter Ended				Six Months Ended
	June 27,		June 28,		June 27,		June 28,
	2021		2020		2021		2020
	(in millions)
U.S. net sales	$	285.0	$	222.6	$	539.4	$	469.3

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

	Second Quarter Ended				Six Months Ended
	June 27,		June 28,		June 27,		June 28,
	2021		2020		2021		2020
	(in millions)
Intersegment Sales
Americas	$	2.5	$	2.9	$	4.9	$	5.5
Europe		8.5		5.3		16.2		9.5
APMEA		37.1		21.0		63.4		34.5
Intersegment sales	$	48.1	$	29.2	$	84.5	$	49.5