Segment Information (Tables)

9 Months Ended

Sep. 25, 2022

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 25,		September 26,		September 25,		September 26,
	2022		2021		2022		2021
	(in millions)
Net sales
Americas	$	349.8	$	309.1	$	1,039.6	$	889.0
Europe		113.1		124.1		370.9		383.8
APMEA		24.9		21.8		67.1		62.5
Consolidated net sales	$	487.8	$	455.0	$	1,477.6	$	1,335.3
Operating income (loss)
Americas	$	76.2	$	55.9	$	219.6	$	159.6
Europe		12.6		18.3		53.3		43.2
APMEA		4.1		4.2		10.7		10.8
Subtotal reportable segments		92.9		78.4		283.6		213.6
Corporate(*)		(12.5)		(13.7)		(35.8)		(36.6)
Consolidated operating income		80.4		64.7		247.8		177.0
Interest income		(0.2)		—		(0.3)		—
Interest expense		1.9		1.4		5.0		4.9
Other (income) expense, net		(0.1)		(0.2)		0.2		(1.0)
Income before income taxes	$	78.8	$	63.5	$	242.9	$	173.1
Capital expenditures
Americas	$	3.2	$	5.3	$	11.0	$	12.6
Europe		3.8		1.3		8.7		6.6
APMEA		0.1		—		0.5		0.4
Consolidated capital expenditures	$	7.1	$	6.6	$	20.2	$	19.6
Depreciation and amortization
Americas	$	7.3	$	7.3	$	21.0	$	22.4
Europe		2.4		3.2		8.0		9.5
APMEA		0.5		0.2		1.6		2.1
Consolidated depreciation and amortization	$	10.2	$	10.7	$	30.6	$	34.0
Identifiable assets (at end of period)
Americas					$	1,220.8	$	1,150.0
Europe						539.7		571.0
APMEA						125.1		142.2
Consolidated identifiable assets					$	1,885.6	$	1,863.2
Property, plant and equipment, net (at end of period)
Americas					$	122.0	$	120.9
Europe						62.9		78.4
APMEA						4.2		4.9
Consolidated property, plant and equipment, net					$	189.1	$	204.2

*     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 25,		September 26,		September 25,		September 26,
	2022		2021		2022		2021
	(in millions)
U.S. net sales	$	327.1	$	288.7	$	973.5	$	828.1

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

	Third Quarter Ended				Nine Months Ended
	September 25,		September 26,		September 25,		September 26,
	2022		2021		2022		2021
	(in millions)
Intersegment Sales
Americas	$	2.5	$	2.5	$	7.9	$	7.4
Europe		6.2		6.7		20.2		22.9
APMEA		10.8		32.2		63.2		95.6
Intersegment sales	$	19.5	$	41.4	$	91.3	$	125.9