XML 49 R38.htm IDEA: XBRL DOCUMENT
v3.21.1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Segment Reporting [Abstract] |
Schedule of Segment Information | The following table presents information about our reportable segments, reconciled to consolidated totals:
|  | Three Months Ended March 31,
( $ in millions) |  | 2021 |  | 2020
Net sales: |  |  |  |
Proprietary Products |  | $ | 543.7 |  |  | $ | 373.5 |
Contract-Manufactured Products |  | 127.1 |  |  | 118.1 |
Intersegment sales elimination |  | (0.1) |  |  | (0.1) |
Consolidated net sales |  | $ | 670.7 |  |  | $ | 491.5 |
The intersegment sales elimination, which is required for the presentation of consolidated net sales, represents the elimination of components sold between our segments. The following table provides summarized financial information for our segments:
| Three Months Ended March 31, |  |
($ in millions) | 2021 |  | 2020 |  |  |  |
Proprietary Products | $ | 182.6 |  |  | $ | 93.2 |  |  |  |  |
Contract-Manufactured Products | 16.4 |  |  | 12.8 |  |  |  |  |
Total business segment operating profit | $ | 199.0 |  |  | $ | 106.0 |  |  |  |  |
Corporate and Unallocated |  |  |  |  |  |  |
Stock-based compensation expense | $ | (5.9) |  |  | $ | (5.4) |  |  |  |  |
Corporate general costs(1) | (13.9) |  |  | (12.6) |  |  |  |  |
Unallocated Items: |  |  |  |  |  |  |
Restructuring and related charges | (1.2) |  |  | — |  |  |  |  |
Amortization of Acquisition-related Intangible Assets(2) | (0.2) |  |  | — |  |  |  |  |
Cost investment impairment | (2.2) |  |  | — |  |  |  |  |
Total Corporate and Unallocated | (23.4) |  |  | (18.0) |  |  |  |  |
Total consolidated operating profit | $ | 175.6 |  |  | $ | 88.0 |  |  |  |  |
Other expense, net | 0.7 |  |  | 1.5 |  |  |  |  |
Income before income taxes | $ | 174.9 |  |  | $ | 86.5 |  |  |  |  |
(1) Corporate general costs includes executive and director compensation, certain pension and other retirement benefit costs, and other corporate facilities and administrative expenses not allocated to the segments. (2) The Company recorded $0.2 million of amortization expense within operating profit associated with an intangible asset acquired during the second quarter of 2020.

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration