Segment Information (Tables)

3 Months Ended

Mar. 27, 2022

Segment Information

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

	First Quarter Ended
	March 27,		March 28,
	2022		2021
	(in millions)
Net sales
Americas	$	313.9	$	272.8
Europe		129.9		122.9
APMEA		19.4		17.6
Consolidated net sales	$	463.2	$	413.3
Operating income (loss)
Americas	$	57.9	$	48.5
Europe		21.1		19.5
APMEA		3.0		2.3
Subtotal reportable segments		82.0		70.3
Corporate(*)		(10.5)		(10.7)
Consolidated operating income		71.5		59.6
Interest income		(0.1)		—
Interest expense		1.4		2.0
Other expense (income), net		0.3		(0.3)
Income before income taxes	$	69.9	$	57.9
Capital expenditures
Americas	$	3.5	$	2.5
Europe		2.1		2.4
APMEA		—		—
Consolidated capital expenditures	$	5.6	$	4.9
Depreciation and amortization
Americas	$	7.0	$	7.7
Europe		2.7		3.3
APMEA		0.6		0.8
Consolidated depreciation and amortization	$	10.3	$	11.8
Identifiable assets (at end of period)
Americas	$	1,174.5	$	1,105.0
Europe		581.8		549.4
APMEA		147.0		130.0
Consolidated identifiable assets	$	1,903.3	$	1,784.4
Property, plant and equipment, net (at end of period)
Americas	$	120.5	$	120.3
Europe		71.4		80.4
APMEA		4.7		5.1
Consolidated property, plant and equipment, net	$	196.6	$	205.8

*     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 27,		March 28,
	2022		2021
	(in millions)
U.S. net sales	$	294.2	$	254.4

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

	First Quarter Ended
	March 27,		March 28,
	2022		2021
	(in millions)
Intersegment Sales
Americas	$	3.0	$	2.5
Europe		7.1		7.6
APMEA		23.5		26.3
Intersegment sales	$	33.6	$	36.4