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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.

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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 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

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- References

No definition available.

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