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Reportable Segments
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
As reported in our Annual Report on Form 10-K for the year ended December 31, 2021, the structure of our internal organization is divided into the following four reportable segments, which are also our operating segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing.
Our Cryo Tank Solutions segment supplies bulk, microbulk and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases and certain hydrocarbons. Our Heat Transfer Systems segment supplies mission critical engineered equipment and systems used in the separation, liquefaction, and purification of hydrocarbon and industrial gases that span gas-to-liquid applications. Our Specialty Products segment supplies products used in specialty end-market applications including hydrogen, LNG, biofuels, CO2 Capture, food and beverage, aerospace, lasers, cannabis and water treatment, among others. Our Repair, Service & Leasing segment provides installation, service, repair, maintenance, and refurbishment of cryogenic products in addition to providing equipment leasing solutions.
Corporate includes operating expenses for executive management, accounting, tax, treasury, corporate development, human resources, information technology, investor relations, legal, internal audit and risk management. Corporate support functions are not currently allocated to the segments.
We evaluate performance and allocate resources based on operating income as determined in our condensed consolidated statements of income and comprehensive income.
Segment Financial Information
 Three Months Ended March 31, 2022
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$118.1 $79.3 $107.5 $49.3 $(0.1)$— $354.1 
Depreciation and amortization expense4.1 7.7 3.9 4.3 — 0.5 20.5 
Operating income (loss) (1) (2)
14.1 (0.2)16.2 8.3 — (18.3)20.1 

 Three Months Ended March 31, 2021
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$103.9 $69.2 $77.3 $41.4 $(3.3)$— $288.5 
Depreciation and amortization expense3.9 9.5 3.1 2.6 — 0.4 19.5 
Operating income (loss) (1) (2)
15.6 3.8 17.9 8.3 — (16.8)28.8 
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(1)Restructuring costs for the:
•three months ended March 31, 2022 were $0.1 in our Heat Transfer Systems segment.
•three months ended March 31, 2021 were $0.7 ($0.3 - Cryo Tank Solutions, $0.4 - Heat Transfer Systems).
(2)Includes acquisition-related contingent consideration (credits)/charges of $(0.8) and $0.8 in our Specialty Products segment for the three months ended March 31, 2022 and 2021, respectively. These costs were mainly related to our 2020 acquisitions of Sustainable Energy Solutions, Inc. and BlueInGreen, LLC.
Sales by Geography
 Three Months Ended March 31, 2022
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$37.9 $53.7 $60.0 $34.6 $(0.1)$186.1 
Europe, Middle East, Africa and India50.7 19.1 35.2 10.1 — 115.1 
Asia-Pacific28.2 6.1 12.2 4.0 — 50.5 
Rest of the World1.3 0.4 0.1 0.6 — 2.4 
Total$118.1 $79.3 $107.5 $49.3 $(0.1)$354.1 
Three Months Ended March 31, 2021
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$41.1 $46.3 $26.1 $29.0 $(1.7)$140.8 
Europe, Middle East, Africa and India37.7 7.8 45.6 10.5 (1.0)100.6 
Asia-Pacific24.2 14.8 5.6 1.8 (0.6)45.8 
Rest of the World0.9 0.3 — 0.1 — 1.3 
Total$103.9 $69.2 $77.3 $41.4 $(3.3)$288.5 
Total Assets
Corporate assets mainly include cash and cash equivalents and long-term deferred income taxes as well as certain corporate-specific property, plant and equipment, net and certain investments. Our allocation methodology for property, plant and equipment, net of the reportable segments differs from our allocation method of depreciation expense of a reportable segment and therefore, depreciation expense does not entirely align with the related depreciable assets of the reportable segments. Furthermore, since finite-lived intangible assets are excluded from total assets of reportable segments while amortization expense is allocated to each of our reportable segments, amortization expense by segment inherently does not align with the related amortizable intangible assets of the reportable segments.
March 31,
2022		December 31,
2021
Cryo Tank Solutions$448.8 $407.2 
Heat Transfer Systems256.1 225.8 
Specialty Products357.9 327.5 
Repair, Service & Leasing163.0 186.2 
Total assets of reportable segments1,225.8 1,146.7 
Goodwill (1)
991.3 994.6 
Identifiable intangible assets, net (1)
544.7 556.1 
Corporate324.1 346.4 
Total$3,085.9 $3,043.8 
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(1)See Note 6, “Goodwill and Intangible Assets,” for further information related to goodwill and identifiable intangible assets, net.