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Reportable Segments (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Reportable and Product Sales Information Segments
Segment Financial Information
 Three Months Ended September 30, 2022
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$126.9 $132.1 $108.1 $49.7 $(4.7)$— $412.1 
Depreciation and amortization expense4.0 7.2 4.3 4.2 — 0.5 20.2 
Operating income (loss) (1) (2)
12.2 18.3 16.7 12.0 — (17.5)41.7 

 Three Months Ended September 30, 2021
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$112.2 $56.4 $116.9 $46.3 $(3.5)$— $328.3 
Depreciation and amortization expense3.3 9.5 4.4 2.9 — 0.4 20.5 
Operating income (loss) (1) (2)
13.0 (10.0)26.4 2.2 — (17.8)13.8 

Nine Months Ended September 30, 2022
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$377.9 $314.3 $330.9 $154.4 $(6.5)$— $1,171.0 
Depreciation and amortization expense12.2 22.3 13.6 12.7 — 1.6 62.4 
Operating income (loss) (1) (2)
36.2 23.8 53.7 32.3 — (54.6)91.4 

Nine Months Ended September 30, 2021
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$313.9 $190.8 $301.0 $142.3 $(9.2)$— $938.8 
Depreciation and amortization expense11.0 28.5 10.9 8.2 — 1.2 59.8 
Operating income (loss) (1) (2)
42.0 (6.7)67.7 16.1 — (51.0)68.1 
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(1)Restructuring (credits)/costs for the:
three months ended September 30, 2022 were $(1.4) ($(1.3) - Repair, Service & Leasing and $(0.1) - Specialty Products).
three months ended September 30, 2021 were $1.9 ($0.5 - Heat Transfer Systems and $1.4 - Repair, Service & Leasing).
nine months ended September 30, 2022 were $(1.1) ($(1.3) - Repair, Service & Leasing, $0.1 - Cryo Tank Solutions and $0.1 Heat Transfer Systems).
nine months ended September 30, 2021 were $2.9 ($0.3 - Cryo Tank Solutions, $1.2 - Heat Transfer Systems and $1.4 - Repair, Service & Leasing).
(2)Acquisition-related contingent consideration (credits)/charges in our Specialty Products Segment were related to our 2020 acquisitions of Sustainable Energy Solutions, Inc. (“SES”) and BlueInGreen, LLC (“BIG”) and for the:
three months ended September 30, 2022 were $(1.7).
three months ended September 30, 2021 were $0.3.
nine months ended September 30, 2022 were $(2.7).
nine months ended September 30, 2021 were $2.3.
Sales by Geography
Three Months Ended September 30, 2022
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$61.6 $103.3 $74.5 $40.2 $(2.3)$277.3 
Europe, Middle East, Africa and India41.1 12.8 26.0 6.8 (1.5)85.2 
Asia-Pacific23.5 15.7 7.3 2.5 (0.8)48.2 
Rest of the World0.7 0.3 0.3 0.2 (0.1)1.4 
Total$126.9 $132.1 $108.1 $49.7 $(4.7)$412.1 
Three Months Ended September 30, 2021
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$49.8 $38.9 $59.1 $29.3 $(1.7)$175.4 
Europe, Middle East, Africa and India31.5 4.4 46.9 6.6 (1.0)88.4 
Asia-Pacific30.2 13.0 10.4 9.5 (0.7)62.4 
Rest of the World0.7 0.1 0.5 0.9 (0.1)2.1 
Total$112.2 $56.4 $116.9 $46.3 $(3.5)$328.3 
 Nine Months Ended September 30, 2022
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$151.9 $232.9 $221.1 $110.7 $(3.5)$713.1 
Europe, Middle East, Africa and India138.7 48.5 82.5 26.1 (1.8)294.0 
Asia-Pacific83.2 31.4 26.9 16.4 (1.1)156.8 
Rest of the World4.1 1.5 0.4 1.2 (0.1)7.1 
Total$377.9 $314.3 $330.9 $154.4 $(6.5)$1,171.0 
Nine Months Ended September 30, 2021
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$125.3 $127.4 $128.5 $87.8 $(4.4)$464.6 
Europe, Middle East, Africa and India101.9 21.0 145.8 26.2 (2.7)292.2 
Asia-Pacific83.5 41.8 25.6 27.2 (2.0)176.1 
Rest of the World3.2 0.6 1.1 1.1 (0.1)5.9 
Total$313.9 $190.8 $301.0 $142.3 $(9.2)$938.8 
Schedule of Segment Assets
September 30,
2022
December 31,
2021
Cryo Tank Solutions$479.6 $407.2 
Heat Transfer Systems256.9 225.8 
Specialty Products369.8 327.5 
Repair, Service & Leasing170.4 186.2 
Total assets of reportable segments1,276.7 1,146.7 
Goodwill (1)
977.3 994.6 
Identifiable intangible assets, net (1)
535.5 556.1 
Corporate279.7 346.4 
Total$3,069.2 $3,043.8 
_______________
(1)See Note 6, “Goodwill and Intangible Assets,” for further information related to goodwill and identifiable intangible assets, net.