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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables set forth financial information by reportable segment for the periods presented:
(In thousands) | Three Months Ended September 30, 2022
EES |  | CSS |  | UBS |  | Corporate |  | Total
Net sales | $ | 2,234,771 |  |  | $ | 1,602,459 |  |  | $ | 1,608,686 |  |  | $ | — |  |  | $ | 5,445,916 |
Adjusted EBITDA | 225,764 |  |  | 156,370 |  |  | 186,257 |  |  | (102,495) |  |  | 465,896 |
Adjusted EBITDA Margin % | 10.1 | % |  | 9.8 | % |  | 11.6 | % |  |  |  | 8.6 | %
| Three Months Ended September 30, 2021
(In thousands) | EES |  | CSS |  | UBS |  | Corporate |  | Total
Net sales | $ | 1,982,485 |  |  | $ | 1,488,689 |  |  | $ | 1,257,151 |  |  | $ | — |  |  | $ | 4,728,325 |
Adjusted EBITDA | 173,898 |  |  | 133,701 |  |  | 114,674 |  |  | (92,013) |  |  | 330,260 |
Adjusted EBITDA Margin % | 8.8 | % |  | 9.0 | % |  | 9.1 | % |  |  |  | 7.0 | %
(In thousands) | Nine Months Ended September 30, 2022
EES |  | CSS |  | UBS |  | Corporate |  | Total
Net sales | $ | 6,654,883 |  |  | $ | 4,638,631 |  |  | $ | 4,568,108 |  |  | $ | — |  |  | $ | 15,861,622 |
Adjusted EBITDA | 653,630 |  |  | 429,452 |  |  | 491,652 |  |  | (300,256) |  |  | 1,274,478 |
Adjusted EBITDA Margin % | 9.8 | % |  | 9.3 | % |  | 10.8 | % |  |  |  | 8.0 | %
| Nine Months Ended September 30, 2021
(In thousands) | EES |  | CSS |  | UBS |  | Corporate |  | Total
Net sales | $ | 5,626,309 |  |  | $ | 4,200,424 |  |  | $ | 3,538,859 |  |  | $ | — |  |  | $ | 13,365,592 |
Adjusted EBITDA | 453,894 |  |  | 355,521 |  |  | 299,030 |  |  | (252,391) |  |  | 856,054 |
Adjusted EBITDA Margin % | 8.1 | % |  | 8.5 | % |  | 8.4 | % |  |  |  | 6.4 | %
The following tables reconcile net income attributable to common stockholders to adjusted EBITDA and adjusted EBITDA margin % by segment, which are non-GAAP financial measures, for the periods presented:
|  | Three Months Ended September 30, 2022
(In thousands) |  | EES |  | CSS |  | UBS |  | Corporate |  | Total
Net income attributable to common stockholders |  | $ | 214,054 |  | $ | 138,747 |  | $ | 180,354 |  | $ | (307,905) |  | $ | 225,250
Net income attributable to noncontrolling interests |  | 200 |  | — |  | — |  | 408 |  | 608
Preferred stock dividends |  | — |  | — |  | — |  | 14,352 |  | 14,352
Provision for income taxes |  | — |  | — |  | — |  | 85,637 |  | 85,637
Interest expense, net |  | — |  | — |  | — |  | 75,057 |  | 75,057
Depreciation and amortization |  | 9,596 |  | 15,929 |  | 5,859 |  | 11,339 |  | 42,723
Other (income) expense, net |  | (1,069) |  | 266 |  | (1,063) |  | 2,554 |  | 688
Stock-based compensation expense(1) |  | 2,983 |  | 1,428 |  | 1,107 |  | 2,853 |  | 8,371
Merger-related and integration costs |  | — |  | — |  | — |  | 13,210 |  | 13,210
Adjusted EBITDA |  | $ | 225,764 |  | $ | 156,370 |  | $ | 186,257 |  | $ | (102,495) |  | $ | 465,896
Adjusted EBITDA margin % |  | 10.1 | % |  | 9.8 | % |  | 11.6 | % |  |  |  | 8.6 | %
(1) Stock-based compensation expense in the calculation of adjusted EBITDA for the three months ended September 30, 2022 excludes $1.3 million as such amount is included in merger-related and integration costs.
Reconciliation of Assets from Segment to Consolidated | The following table sets forth total assets by reportable segment for the periods presented:
| As of
| September 30, 2022
(In thousands) | EES |  | CSS |  | UBS |  | Corporate(1) |  | Total
Total assets | $ | 4,541,553 |  |  | $ | 4,988,009 |  |  | $ | 3,817,459 |  |  | $ | 733,543 |  |  | $ | 14,080,564 |
| As of
| December 31, 2021
(In thousands) | EES |  | CSS |  | UBS |  | Corporate(1) |  | Total
Total assets | $ | 4,098,335 |  |  | $ | 4,601,132 |  |  | $ | 3,266,231 |  |  | $ | 652,001 |  |  | $ | 12,617,699 |
(1) Total assets for Corporate primarily consist of cash and cash equivalents, deferred income taxes, fixed assets and right-of-use assets associated with operating leases.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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