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v3.24.3

Segment Information (Tables) | 9 Months Ended
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Sep. 29, 2024
Segment Information |
Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Third Quarter Ended | ​ | Nine Months Ended | ​
​ | ​ | September 29, | ​ | September 24, | ​ | September 29, | ​ | September 24, | ​
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
​ | ​ | (in millions) | ​
Net sales | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Americas | ​ | $ | 400.0 | ​ | $ | 351.0 | ​ | $ | 1,266.9 | ​ | $ | 1,041.1 | ​
Europe | ​ |  | 107.3 | ​ |  | 120.2 | ​ |  | 344.7 | ​ |  | 384.1 | ​
APMEA | ​ |  | 36.3 | ​ |  | 33.1 | ​ |  | 100.2 | ​ |  | 83.6 | ​
Consolidated net sales | ​ | $ | 543.6 | ​ | $ | 504.3 | ​ | $ | 1,711.8 | ​ | $ | 1,508.8 | ​
Operating income (loss) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | $ | 90.6 | ​ | $ | 85.7 | ​ | $ | 284.3 | ​ | $ | 249.8 | ​
Europe | ​ |  | 8.7 | ​ |  | 12.5 | ​ |  | 40.6 | ​ |  | 53.2 | ​
APMEA | ​ |  | 6.7 | ​ |  | 5.4 | ​ |  | 18.2 | ​ |  | 11.9 | ​
Subtotal reportable segments | ​ |  | 106.0 | ​ |  | 103.6 | ​ |  | 343.1 | ​ |  | 314.9 | ​
Corporate(*) | ​ |  | (12.8) | ​ |  | (16.5) | ​ |  | (41.7) | ​ |  | (42.7) | ​
Consolidated operating income | ​ |  | 93.2 | ​ |  | 87.1 | ​ |  | 301.4 | ​ |  | 272.2 | ​
Interest income | ​ |  | (2.1) | ​ |  | (2.3) | ​ |  | (6.1) | ​ |  | (4.0) | ​
Interest expense | ​ |  | 3.6 | ​ |  | 1.2 | ​ |  | 11.9 | ​ |  | 4.4 | ​
Other income, net | ​ |  | (0.6) | ​ |  | 0.1 | ​ |  | (1.4) | ​ |  | (0.4) | ​
Income before income taxes | ​ | $ | 92.3 | ​ | $ | 88.1 | ​ | $ | 297.0 | ​ | $ | 272.2 | ​
Capital expenditures | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | $ | 4.1 | ​ | $ | 5.4 | ​ | $ | 15.2 | ​ | $ | 13.5 | ​
Europe | ​ |  | 2.0 | ​ |  | 1.7 | ​ |  | 7.0 | ​ |  | 4.8 | ​
APMEA | ​ |  | 0.3 | ​ |  | 0.3 | ​ |  | 1.1 | ​ |  | 0.7 | ​
Consolidated capital expenditures | ​ | $ | 6.4 | ​ | $ | 7.4 | ​ | $ | 23.3 | ​ | $ | 19.0 | ​
Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | $ | 11.2 | ​ | $ | 7.5 | ​ | $ | 32.3 | ​ | $ | 22.0 | ​
Europe | ​ |  | 2.3 | ​ |  | 2.4 | ​ |  | 6.8 | ​ |  | 7.1 | ​
APMEA | ​ |  | 0.5 | ​ |  | 0.6 | ​ |  | 1.7 | ​ |  | 1.7 | ​
Consolidated depreciation and amortization | ​ | $ | 14.0 | ​ | $ | 10.5 | ​ | $ | 40.8 | ​ | $ | 30.8 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | September 29, | ​ | December 31, | ​
​ |  | ​ | ​ | ​ | ​ | ​ |  | 2024 |  | 2023 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (in millions) | ​
Identifiable assets (at end of period) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 1,674.0 | ​ | $ | 1,605.7 | ​
Europe | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 584.7 | ​ |  | 569.1 | ​
APMEA | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 140.4 | ​ |  | 134.6 | ​
Consolidated identifiable assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 2,399.1 | ​ | $ | 2,309.4 | ​
Property, plant and equipment, net (at end of period) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 178.9 | ​ | $ | 174.0 | ​
Europe | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 71.5 | ​ |  | 69.9 | ​
APMEA | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 4.7 | ​ |  | 4.3 | ​
Consolidated property, plant and equipment, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 255.1 | ​ | $ | 248.2 | ​
* 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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Third Quarter Ended | ​ | Nine Months Ended | ​
​ | ​ | September 29, | ​ | September 24, | ​ | September 29, | ​ | September 24, | ​
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
​ | ​ | (in millions) | ​
U.S. net sales | ​ | $ | 375.3 | ​ | $ | 328.7 | ​ | $ | 1,188.4 | ​ | $ | 976.0 | ​
Schedule of intersegment sales for Americas, EMEA and Asia-Pacific | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Third Quarter Ended | ​ | Nine Months Ended | ​
​ | ​ | September 29, | ​ | September 24, | ​ | September 29, | ​ | September 24, | ​
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023 |
​ | ​ | (in millions) | ​
Intersegment Sales | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Americas | ​ | $ | 1.9 | ​ | $ | 1.4 | ​ | $ | 6.7 | ​ | $ | 5.5 | ​
Europe | ​ |  | 5.9 | ​ |  | 6.0 | ​ |  | 18.0 | ​ |  | 19.9 | ​
APMEA | ​ |  | 17.3 | ​ |  | 16.8 | ​ |  | 63.7 | ​ |  | 67.4 | ​
Intersegment sales | ​ | $ | 25.1 | ​ | $ | 24.2 | ​ | $ | 88.4 | ​ | $ | 92.8 | ​
​

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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