XML 53 R36.htm IDEA: XBRL DOCUMENT
v3.20.4

Segment and Geographic Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Segment Financial Information
| Year Ended December 31, 2020
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales | $ | 415.8 |  |  | $ | 369.8 |  |  | $ | 242.6 |  |  | $ | 158.3 |  |  | $ | (9.4) |  |  | $ | — |  |  | $ | 1,177.1 |
Depreciation and amortization expense | 18.5 |  |  | 48.3 |  |  | 4.8 |  |  | 10.9 |  |  | — |  |  | 2.0 |  |  | 84.5
Operating income (loss) (1) (2) (3) | 52.5 |  |  | 11.2 |  |  | 60.7 |  |  | 30.3 |  |  | — |  |  | (62.5) |  |  | 92.2
| Year Ended December 31, 2019
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales | $ | 409.9 |  |  | $ | 441.7 |  |  | $ | 207.9 |  |  | $ | 162.6 |  |  | $ | (6.6) |  |  | $ | — |  |  | $ | 1,215.5 |
Depreciation and amortization expense | 19.5 |  |  | 42.0 |  |  | 4.9 |  |  | 9.7 |  |  | — |  |  | 1.6 |  |  | 77.7 |
Operating income (loss) (1) (4) | 25.7 |  |  | 17.7 |  |  | 48.1 |  |  | 27.9 |  |  | — |  |  | (67.4) |  |  | 52.0 |
| Year Ended December 31, 2018
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales | $ | 371.4 |  |  | $ | 289.8 |  |  | $ | 184.5 |  |  | $ | 160.4 |  |  | $ | (2.2) |  |  | $ | — |  |  | $ | 1,003.9 |
Depreciation and amortization expense | 13.9 |  |  | 21.7 |  |  | 4.7 |  |  | 7.9 |  |  | — |  |  | 1.5 |  |  | 49.7 |
Operating income (loss) (1) (5) (6) | 41.1 |  |  | 8.7 |  |  | 44.8 |  |  | 21.2 |  |  | — |  |  | (51.3) |  |  | 64.5 |
_______________ (1) Restructuring costs (credits) for the years ended: •December 31, 2020 were $13.6 ($2.7 – Cryo Tank Solutions $7.4 – Heat Transfer Systems, $0.7 – Specialty Products, $0.2 – Repair, Service & Leasing and $2.6 – Corporate); •December 31, 2019 were $15.6 ($9.1 – Cryo Tank Solutions, $4.5 – Heat Transfer Systems, $0.3 – Specialty Products, $1.5 – Repair, Service & Leasing and $0.2 – Corporate); and •December 31, 2018 were $4.3 ($1.7 – Cryo Tank Solutions, $0.7 – Heat Transfer Systems, $(0.3) – Specialty Products, $(0.1) – Repair, Service & Leasing and $2.3 – Corporate). (2)Includes transaction-related costs of $2.6 for the year ended December 31, 2020, which were mainly related to the Sustainable Energy Solutions, Inc., BlueInGreen, LLC and Alabama Trailers acquisitions. (3)Includes $16.0 impairment of our trademarks and trade names indefinite-lived intangible assets related to the AXC business in our Heat Transfer Systems segment. (4)Includes transaction-related costs of $5.4 for the years ended December 31, 2019, which were mainly related to the AXC acquisition. Includes transaction-related costs of $4.3 related to integration activities for previous acquisitions for the year ended December 31, 2019. (5)Includes transaction-related costs of $2.1 recorded in Corporate for the year ended December 31, 2018. (6)During the year ended December 31, 2018, we recorded net severance costs of $2.3 in Corporate primarily related to headcount reductions associated with a previous strategic realignment of our segment structure, which includes $1.8 in payroll severance costs partially offset by a $0.9 credit due to related share-based compensation forfeitures for 2018. Includes net severance costs of $1.4 related to the departure of our former CEO, which includes $3.2 in payroll severance costs partially offset by a $1.8 credit due to related share-based compensation forfeitures for 2018. Sales by Geography Net sales by geographic area are reported by the destination of sales.
| Year Ended December 31, 2020
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America (1) | $ | 168.0 |  |  | $ | 259.4 |  |  | $ | 98.9 |  |  | $ | 111.2 |  |  | $ | (4.4) |  |  | $ | 633.1 |
Europe, Middle East, Africa and India | 165.3 |  |  | 39.3 |  |  | 121.8 |  |  | 38.1 |  |  | (3.5) |  |  | 361.0 |
Asia-Pacific (2) | 76.1 |  |  | 69.3 |  |  | 21.4 |  |  | 8.4 |  |  | (1.4) |  |  | 173.8 |
Rest of the World | 6.4 |  |  | 1.8 |  |  | 0.5 |  |  | 0.6 |  |  | (0.1) |  |  | 9.2 |
Total | $ | 415.8 |  |  | $ | 369.8 |  |  | $ | 242.6 |  |  | $ | 158.3 |  |  | $ | (9.4) |  |  | $ | 1,177.1 |
| Year Ended December 31, 2019
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America (1) | $ | 173.6 |  |  | $ | 311.2 |  |  | $ | 100.4 |  |  | $ | 128.4 |  |  | $ | (3.4) |  |  | $ | 710.2 |
Europe, Middle East, Africa and India | 163.8 |  |  | 71.6 |  |  | 91.2 |  |  | 23.7 |  |  | (2.2) |  |  | 348.1 |
Asia-Pacific (2) | 67.2 |  |  | 57.3 |  |  | 15.6 |  |  | 9.7 |  |  | (0.9) |  |  | 148.9 |
Rest of the World | 5.3 |  |  | 1.6 |  |  | 0.7 |  |  | 0.8 |  |  | (0.1) |  |  | 8.3 |
Total | $ | 409.9 |  |  | $ | 441.7 |  |  | $ | 207.9 |  |  | $ | 162.6 |  |  | $ | (6.6) |  |  | $ | 1,215.5 |
| Year Ended December 31, 2018
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America (1) | $ | 164.0 |  |  | $ | 237.1 |  |  | $ | 100.5 |  |  | $ | 122.6 |  |  | $ | (1.0) |  |  | $ | 623.2 |
Europe, Middle East, Africa and India | 120.0 |  |  | 24.1 |  |  | 65.2 |  |  | 30.0 |  |  | (0.9) |  |  | 238.4 |
Asia-Pacific (2) | 83.8 |  |  | 27.2 |  |  | 18.3 |  |  | 7.1 |  |  | (0.3) |  |  | 136.1 |
Rest of the World | 3.6 |  |  | 1.4 |  |  | 0.5 |  |  | 0.7 |  |  | — |  |  | 6.2 |
Total | $ | 371.4 |  |  | $ | 289.8 |  |  | $ | 184.5 |  |  | $ | 160.4 |  |  | $ | (2.2) |  |  | $ | 1,003.9 |
(1) Consolidated sales in the United States were $576.8, $638.0 and $570.6 for the twelve month periods ending December 31, 2020, 2019 and 2018, respectively and represent 49.0%, 52.5% and 56.8% of consolidated sales for the same periods, respectively. (2) Consolidated sales in China were $100.7, $80.5 and $101.6 for the twelve months ended December 31, 2020, 2019 and 2018, respectively and represent 8.6%, 6.6% and 10.1% of consolidated sales for the same periods, respectively.
| December 31,
| 2020 |  | 2019
Cryo Tank Solutions | $ | 399.2 |  |  | $ | 374.4 |
Heat Transfer Systems | 247.2 |  |  | 328.9 |
Specialty Products | 178.3 |  |  | 109.7 |
Repair, Service & Leasing | 142.6 |  |  | 106.6 |
Total assets of reportable segments | 967.3 |  |  | 919.6 |
Goodwill (1) | 865.9 |  |  | 811.4 |
Identifiable intangible assets, net (1) | 493.1 |  |  | 522.4 |
Corporate | 244.2 |  |  | 159.4 |
Discontinued operations | — |  |  | 68.6 |
Total assets | $ | 2,570.5 |  |  | $ | 2,481.4 |
_______________(1)See Note 9, “Goodwill and Intangible Assets,” for further information related to goodwill and identifiable intangible assets, net.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | Geographic Information
| Property, plant and equipment, net as of December 31,
| 2020 |  | 2019
United States | $ | 223.9 |  |  | $ | 222.2 |
Foreign |  |  |
Italy | 69.9 |  |  | 56.4 |
China | 61.5 |  |  | 64.2 |
Czech Republic | 29.0 |  |  | 25.8 |
Germany | 16.1 |  |  | 15.5 |
India | 14.1 |  |  | 13.7 |
Total Foreign | 190.6 |  |  | 175.6 |
Total | $ | 414.5 |  |  | $ | 397.8 |

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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