XML 40 R31.htm IDEA: XBRL DOCUMENT
v3.23.3

INFORMATION ON REPORTABLE SEGMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Financial Data for Reportable Segments and Other Operating Segments | Financial data for our reportable segments for the three and nine months ended September 30, 2023 and October 1, 2022 are presented below:
| Three months ended |  | Nine months ended |  |
| September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022 |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |
HVAC reportable segment | $ | 289.2 |  |  | $ | 227.8 |  |  | $ | 809.8 |  |  | $ | 639.6 |  |  |  |  |
Detection and Measurement reportable segment | 159.5 |  |  | 142.7 |  |  | 462.0 |  |  | 392.0 |  |  |  |  |
Consolidated revenues | $ | 448.7 |  |  | $ | 370.5 |  |  | $ | 1,271.8 |  |  | $ | 1,031.6 |  |  |  |  |
Income: |  |  |  |  |  |  |  |  |  |  |
HVAC reportable segment | $ | 58.3 |  |  | $ | 33.1 |  |  | $ | 161.2 |  |  | $ | 82.0 |  |  |  |  |
Detection and Measurement reportable segment | 33.3 |  |  | 30.3 |  |  | 89.2 |  |  | 77.1 |  |  |  |  |
Total income for reportable segments | 91.6 |  |  | 63.4 |  |  | 250.4 |  |  | 159.1 |  |  |  |  |
Corporate expense | 13.0 |  |  | 17.2 |  |  | 44.2 |  |  | 50.2 |  |  |  |  |
Acquisition-related and other costs (1) | 2.9 |  |  | 0.1 |  |  | 5.0 |  |  | 1.1 |  |  |  |  |
Long-term incentive compensation expense | 3.4 |  |  | 2.1 |  |  | 10.0 |  |  | 7.7 |  |  |  |  |
Amortization of intangible assets | 14.6 |  |  | 6.7 |  |  | 32.4 |  |  | 23.1 |  |  |  |  |
Special charges, net | — |  |  | — |  |  | — |  |  | 0.1 |  |  |  |  |
Other operating expense, net | — |  |  | — |  |  | — |  |  | 1.0 |  |  |  |  |
Consolidated operating income | $ | 57.7 |  |  | $ | 37.3 |  |  | $ | 158.8 |  |  | $ | 75.9 |  |  |  |  |
___________________________ (1)Represents certain acquisition-related costs incurred of $2.9 and $5.0 during the three and nine months ended September 30, 2023, respectively, and $0.1 and $1.1 during the three and nine months ended October 1, 2022, respectively, including additional “Cost of products sold” related to the step-up of inventory (to fair value) acquired in connection with the ASPEQ acquisition of $2.5 and $3.6 during the three and nine months ended September 30, 2023, respectively, and the ITL acquisition of $0.1 and $1.1 during the three and nine months ended October 1, 2022, respectively.

X
- 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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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