XML 42 R31.htm IDEA: XBRL DOCUMENT v3.24.2.u1
INFORMATION ON REPORTABLE SEGMENTS (Tables)
6 Months Ended
Jun. 29, 2024
Segment Reporting [Abstract]  
Schedule of Financial Data for Reportable Segments and Other Operating Segments
Financial data for our reportable segments for the three and six months ended June 29, 2024 and July 1, 2023 are presented below:
 Three months ended Six months ended
June 29,
2024
July 1,
2023
June 29,
2024
July 1,
2023
Revenues:  
HVAC reportable segment$356.5 $269.0 $658.9 $520.6 
Detection and Measurement reportable segment144.8 154.3 307.6 302.5 
Consolidated revenues$501.3 $423.3 $966.5 $823.1 
Income:  
HVAC reportable segment$83.7 $55.2 $152.1 $102.9 
Detection and Measurement reportable segment33.9 29.2 65.3 55.9 
Total income for segments117.6 84.4 217.4 158.8 
Corporate expense12.0 16.6 25.9 31.2 
Acquisition-related and other costs (1)
2.3 1.5 4.9 2.1 
Long-term incentive compensation expense3.7 3.5 7.0 6.6 
Amortization of acquired intangible assets16.8 11.5 31.6 17.8 
Special charges, net(0.2)— 0.4 — 
Other operating expense, net (2)
8.4 — 8.4 — 
Consolidated operating income$74.6 $51.3 $139.2 $101.1 
________________________________
(1)Represents certain integration costs incurred of $2.3 and $4.9 during the three and six months ended June 29, 2024, respectively, and $1.5 and $2.1 during the three and six months ended July 1, 2023, respectively, including additional “Cost of products sold” related to the step-up of inventory (to fair value) acquired in connection with the Ingénia acquisition of $0.9 and $1.8 during the three and six months ended June 29, 2024, respectively, and the ASPEQ acquisition of $1.1 during the three and six months ended July 1, 2023.
(2)Represents a charge of $8.4 related to a settlement with the seller of ULC Robotics (“ULC”) regarding additional contingent consideration.