Segment Information (Tables)

6 Months Ended

Jun. 26, 2022

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 26,		June 27,		June 26,		June 27,
	2022		2021		2022		2021
	(in millions)
Net sales
Americas	$	375.9	$	307.1	$	689.8	$	579.9
Europe		127.9		136.8		257.8		259.7
APMEA		22.8		23.1		42.2		40.7
Consolidated net sales	$	526.6	$	467.0	$	989.8	$	880.3
Operating income (loss)
Americas	$	85.5	$	55.2	$	143.4	$	103.7
Europe		19.6		5.4		40.7		24.9
APMEA		3.6		4.3		6.6		6.6
Subtotal reportable segments		108.7		64.9		190.7		135.2
Corporate(*)		(12.8)		(12.2)		(23.3)		(22.9)
Consolidated operating income		95.9		52.7		167.4		112.3
Interest income		—		—		(0.1)		—
Interest expense		1.7		1.5		3.1		3.5
Other expense (income), net		—		(0.5)		0.3		(0.8)
Income before income taxes	$	94.2	$	51.7	$	164.1	$	109.6
Capital expenditures
Americas	$	4.3	$	4.8	$	7.8	$	7.2
Europe		2.8		2.9		4.9		5.2
APMEA		0.4		0.6		0.4		0.6
Consolidated capital expenditures	$	7.5	$	8.3	$	13.1	$	13.0
Depreciation and amortization
Americas	$	6.7	$	7.4	$	13.7	$	15.1
Europe		2.8		3.0		5.5		6.3
APMEA		0.5		1.1		1.1		1.9
Consolidated depreciation and amortization	$	10.0	$	11.5	$	20.3	$	23.3
Identifiable assets (at end of period)
Americas					$	1,223.6	$	1,127.2
Europe						569.1		586.7
APMEA						141.6		141.4
Consolidated identifiable assets					$	1,934.3	$	1,855.3
Property, plant and equipment, net (at end of period)
Americas					$	123.6	$	120.6
Europe						65.8		81.5
APMEA						4.6		4.9
Consolidated property, plant and equipment, net					$	194.0	$	207.0

*     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 26,		June 27,		June 26,		June 27,
	2022		2021		2022		2021
	(in millions)
U.S. net sales	$	352.1	$	285.0	$	646.3	$	539.4

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

	Second Quarter Ended				Six Months Ended
	June 26,		June 27,		June 26,		June 27,
	2022		2021		2022		2021
	(in millions)
Intersegment Sales
Americas	$	2.4	$	2.5	$	5.4	$	4.9
Europe		6.9		8.5		14.0		16.2
APMEA		29.0		37.1		52.5		63.4
Intersegment sales	$	38.3	$	48.1	$	71.9	$	84.5