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v3.23.1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 26, 2023
Segment Information |
Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | First Quarter Ended | ​
​ | ​ | March 26, | ​ | March 27, | ​
​ |  | 2023 |  | 2022 |
​ | ​ | (in millions) | ​
Net sales | ​ | ​ |  | ​ | ​ |  | ​
Americas | ​ | $ | 323.2 | ​ | $ | 313.9 | ​
Europe | ​ |  | 128.3 | ​ |  | 129.9 | ​
APMEA | ​ |  | 20.2 | ​ |  | 19.4 | ​
Consolidated net sales | ​ | $ | 471.7 | ​ | $ | 463.2 | ​
Operating income (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | $ | 72.5 | ​ | $ | 57.9 | ​
Europe | ​ |  | 19.2 | ​ |  | 21.1 | ​
APMEA | ​ |  | 4.0 | ​ |  | 3.0 | ​
Subtotal reportable segments | ​ |  | 95.7 | ​ |  | 82.0 | ​
Corporate(*) | ​ |  | (11.0) | ​ |  | (10.5) | ​
Consolidated operating income | ​ |  | 84.7 | ​ |  | 71.5 | ​
Interest income | ​ |  | (0.4) | ​ |  | (0.1) | ​
Interest expense | ​ |  | 1.5 | ​ |  | 1.4 | ​
Other (income) expense, net | ​ |  | 0.1 | ​ |  | 0.3 | ​
Income before income taxes | ​ | $ | 83.5 | ​ | $ | 69.9 | ​
Capital expenditures | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | $ | 3.2 | ​ | $ | 3.5 | ​
Europe | ​ |  | 1.8 | ​ |  | 2.1 | ​
APMEA | ​ |  | 0.1 | ​ |  | — | ​
Consolidated capital expenditures | ​ | $ | 5.1 | ​ | $ | 5.6 | ​
Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | $ | 7.1 | ​ | $ | 7.0 | ​
Europe | ​ |  | 2.4 | ​ |  | 2.7 | ​
APMEA | ​ |  | 0.5 | ​ |  | 0.6 | ​
Consolidated depreciation and amortization | ​ | $ | 10.0 | ​ | $ | 10.3 | ​
Identifiable assets (at end of period) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | $ | 1,257.2 | ​ | $ | 1,174.5 | ​
Europe | ​ |  | 592.0 | ​ |  | 581.8 | ​
APMEA | ​ |  | 140.8 | ​ |  | 147.0 | ​
Consolidated identifiable assets | ​ | $ | 1,990.0 | ​ | $ | 1,903.3 | ​
Property, plant and equipment, net (at end of period) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | $ | 122.7 | ​ | $ | 120.5 | ​
Europe | ​ |  | 69.0 | ​ |  | 71.4 | ​
APMEA | ​ |  | 4.2 | ​ |  | 4.7 | ​
Consolidated property, plant and equipment, net | ​ | $ | 195.9 | ​ | $ | 196.6 | ​
* Corporate expenses are primarily for administrative compensation expense, compliance costs, professional fees, including corporate-related legal and audit expenses, shareholder services and benefit administration costs. ​
Schedule of U.S. net sales of the Company's Americas segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | First Quarter Ended | ​
​ | ​ | March 26, | ​ | March 27, | ​
​ |  | 2023 |  | 2022 |
​ | ​ | (in millions) | ​
U.S. net sales | ​ | $ | 304.3 | ​ | $ | 294.2 | ​
​
Schedule of intersegment sales for Americas, EMEA and Asia-Pacific | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | First Quarter Ended | ​
​ | ​ | March 26, | ​ | March 27, | ​
​ |  | 2023 |  | 2022 |
​ | ​ | (in millions) | ​
Intersegment Sales | ​ | ​ |  | ​ | ​ |  | ​
Americas | ​ | $ | 2.0 | ​ | $ | 3.0 | ​
Europe | ​ |  | 5.6 | ​ |  | 7.1 | ​
APMEA | ​ |  | 22.1 | ​ |  | 23.5 | ​
Intersegment sales | ​ | $ | 29.7 | ​ | $ | 33.6 | ​

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