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Reportable Segments (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Reportable and Product Sales Information Segments
Segment Financial Information
 Three Months Ended March 31, 2023
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$127.2 $167.5 $127.3 $120.1 $(4.2)$— $537.9 
Depreciation and amortization expense5.6 8.4 8.6 9.9 — 0.8 33.3 
Operating income (loss) (1) (2)
4.9 27.3 22.1 33.8 — (51.9)36.2 

 Three Months Ended March 31, 2022
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$118.1 $79.3 $107.5 $49.3 $(0.1)$— $354.1 
Depreciation and amortization expense4.1 7.7 3.9 4.3 — 0.5 20.5 
Operating income (loss) (1) (2)
14.1 (0.2)16.2 8.3 — (18.3)20.1 
_______________
(1)Restructuring costs for the:
three months ended March 31, 2023 were $1.6 ($0.8 - Cryo Tank Solutions, $0.8 - Repair, Service & Leasing).
three months ended March 31, 2022 were $0.1 in our Heat Transfer Systems segment.
(2)Acquisition-related contingent consideration credits 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 March 31, 2023 were $(7.4).
three months ended March 31, 2022 were $(0.8).
Sales by Geography
Three Months Ended March 31, 2023
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$67.1 $134.6 $73.2 $57.3 $(2.3)$329.9 
Europe, Middle East, Africa and India42.0 15.5 33.0 36.1 (1.3)125.3 
Asia-Pacific17.3 14.3 20.1 23.0 (0.6)74.1 
Rest of the World0.8 3.1 1.0 3.7 — 8.6 
Total$127.2 $167.5 $127.3 $120.1 $(4.2)$537.9 
Three Months Ended March 31, 2022
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$37.9 $53.7 $60.0 $34.6 $(0.1)$186.1 
Europe, Middle East, Africa and India50.7 19.1 35.2 10.1 — 115.1 
Asia-Pacific28.2 6.1 12.2 4.0 — 50.5 
Rest of the World1.3 0.4 0.1 0.6 — 2.4 
Total$118.1 $79.3 $107.5 $49.3 $(0.1)$354.1 
Schedule of Segment Assets
March 31,
2023
December 31,
2022
Cryo Tank Solutions$482.9 $382.0 
Heat Transfer Systems364.1 298.6 
Specialty Products371.6 429.8 
Repair, Service & Leasing169.3 182.1 
Total assets of reportable segments1,387.9 1,292.5 
Unallocated acquired assets (1)
1,290.6 — 
Goodwill (2)
2,933.2 992.0 
Identifiable intangible assets, net (2)
3,105.8 535.3 
Corporate531.3 2,830.7 
Insurance receivable, net of tax— 251.4 
Total$9,248.8 $5,901.9 
_______________
(1)As discussed in Note 13, “Business Combinations”, on March 17, 2023, we acquired Howden. Acquired assets resulting from this transaction have not yet been allocated at the reporting unit level, but will be allocated to the reporting units when the purchase price allocation is finalized during the measurement period and an analysis has been completed to determine an appropriate allocation.
(2)See Note 7, “Goodwill and Intangible Assets,” for further information related to goodwill and identifiable intangible assets, net.