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INFORMATION ON REPORTABLE SEGMENTS AND OTHER OPERATING SEGMENT
9 Months Ended
Oct. 02, 2021
Segment Reporting [Abstract]  
INFORMATION ON REPORTABLE SEGMENTS AND OTHER OPERATING SEGMENT INFORMATION ON REPORTABLE SEGMENTS AND OTHER OPERATING SEGMENT
We are a global supplier of highly specialized, engineered solutions with operations in over 15 countries and sales in over 100 countries around the world.
Our DBT Technologies (PTY) LTD (“DBT”) operating segment is reported within an “Other” category outside of our reportable segments. We have aggregated our other operating segments into the following two reportable segments: HVAC and Detection and Measurement. The factors considered in determining our aggregated segments are the economic similarity of the businesses, the nature of products sold or services provided, production processes, types of customers, distribution methods, and regulatory environment. In determining our reportable segments, we apply the threshold criteria of the Segment Reporting Topic of the Codification. Operating income or loss for each of our operating segments is determined before considering impairment and special charges, long-term incentive compensation, certain other operating income/expense, and other indirect corporate expenses. This is consistent with the way our Chief Operating Decision Maker evaluates the results of each segment.
HVAC Reportable Segment
Our HVAC reportable segment engineers, designs, manufactures, installs and services package and process cooling equipment products for the HVAC industrial and power generation markets, as well as boilers and comfort heating and ventilation products for the residential and commercial markets. The primary distribution channels for the segment’s products are direct to customers, independent manufacturing representatives, third-party distributors, and retailers. The segment serves a customer base in North America, Europe, and Asia.
Detection and Measurement Reportable Segment
Our Detection and Measurement reportable segment engineers, designs, manufactures, services, and installs underground pipe and cable locators, inspection and rehabilitation equipment, robotic systems, bus fare collection systems, communication technologies, and obstruction lighting. The primary distribution channels for the segment’s products are direct to customers and third-party distributors. The segment serves a global customer base, with a strong presence in North America, Europe, Africa and Asia.
Other
As noted above, “Other” consists of our South African operating segment, DBT. Our DBT operating segment engineers, designs, manufactures, installs, and services equipment for the industrial and power generation markets, with its efforts focused primarily on two large power projects in South Africa that are in the final stages of completion (see Note 15 for additional details).
Corporate Expense
Corporate expense generally relates to the cost of our Charlotte, North Carolina corporate headquarters.
Financial data for our reportable segments and our other operating segment for the three and nine months ended October 2, 2021 and September 26, 2020 are presented below:
 Three months endedNine months ended
October 2,
2021
September 26,
2020
October 2,
2021
September 26,
2020
Revenues:  
HVAC reportable segment$179.3 $182.6 $540.3 $510.6 
Detection and Measurement reportable segment106.4 85.2 329.2 269.2 
Other0.1 0.5 0.9 3.3 
Consolidated revenues$285.8 $268.3 $870.4 $783.1 
Income (loss):  
HVAC reportable segment$21.4 $26.8 $69.1 $64.1 
Detection and Measurement reportable segment9.9 14.2 41.3 48.4 
Other(4.1)(5.3)(12.6)(13.9)
Total income for segments27.2 35.7 97.8 98.6 
Corporate expense(11.5)(11.8)(39.0)(33.8)
Long-term incentive compensation expense(3.4)(3.2)(9.5)(9.6)
Special charges, net(0.5)(0.3)(1.9)(1.6)
Other operating income (expense)(1)
— — (2.7)0.4 
Consolidated operating income$11.8 $20.4 $44.7 $54.0 
___________________________
(1) For the nine months ended October 2, 2021, includes a charge of $2.7 related to revisions of recorded assets for asbestos-related claims. For the nine months ended September 26, 2020, includes a gain of $0.4 related to revisions to estimates of certain liabilities retained in connection with the 2016 sale of the dry cooling business.