XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.22.2

Reportable Segments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of reportable and product sales information segments | Segment Financial Information
| Three Months Ended June 30, 2022
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales | $ | 132.9 |  |  | $ | 102.9 |  |  | $ | 115.3 |  |  | $ | 55.4 |  |  | $ | (1.7) |  |  | $ | — |  |  | $ | 404.8 |
Depreciation and amortization expense | 4.1 |  |  | 7.4 |  |  | 5.4 |  |  | 4.2 |  |  | — |  |  | 0.6 |  |  | 21.7 |
Operating income (loss) (1) (2) | 9.9 |  |  | 5.7 |  |  | 20.8 |  |  | 12.0 |  |  | — |  |  | (18.8) |  |  | 29.6 |
| Three Months Ended June 30, 2021
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales | $ | 97.8 |  |  | $ | 65.2 |  |  | $ | 106.8 |  |  | $ | 54.6 |  |  | $ | (2.4) |  |  | $ | — |  |  | $ | 322.0 |
Depreciation and amortization expense | 3.8 |  |  | 9.5 |  |  | 3.4 |  |  | 2.7 |  |  | — |  |  | 0.4 |  |  | 19.8 |
Operating income (loss) (1) (2) | 13.4 |  |  | (0.5) |  |  | 23.4 |  |  | 5.6 |  |  | — |  |  | (16.4) |  |  | 25.5 |
| Six Months Ended June 30, 2022
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales | $ | 251.0 |  |  | $ | 182.2 |  |  | $ | 222.8 |  |  | $ | 104.7 |  |  | $ | (1.8) |  |  | $ | — |  |  | $ | 758.9 |
Depreciation and amortization expense | 8.2 |  |  | 15.1 |  |  | 9.3 |  |  | 8.5 |  |  | — |  |  | 1.1 |  |  | 42.2 |
Operating income (loss) (1) (2) | 24.0 |  |  | 5.5 |  |  | 37.0 |  |  | 20.3 |  |  | — |  |  | (37.1) |  |  | 49.7 |
| Six Months Ended June 30, 2021
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales | $ | 201.7 |  |  | $ | 134.4 |  |  | $ | 184.1 |  |  | $ | 96.0 |  |  | $ | (5.7) |  |  | $ | — |  |  | $ | 610.5 |
Depreciation and amortization expense | 7.7 |  |  | 19.0 |  |  | 6.5 |  |  | 5.3 |  |  | — |  |  | 0.8 |  |  | 39.3 |
Operating income (loss) (1) (2) | 29.0 |  |  | 3.3 |  |  | 41.3 |  |  | 13.9 |  |  | — |  |  | (33.2) |  |  | 54.3 |
_______________ (1)Restructuring costs for the: •three months ended June 30, 2022 were $0.2 ($0.1 - Cryo Tank Solutions, $0.1 - Specialty Products). •three months ended June 30, 2021 were $0.3 in our Heat Transfer Systems segment. •six months ended June 30, 2022 were $0.3 ($0.1 - Cryo Tank Solutions, $0.1 - Heat Transfer Systems, $0.1 - Specialty Products). •six months ended June 30, 2021 were $1.0 ($0.3 - Cryo Tank Solutions, $0.7 - Heat Transfer Systems). (2)Acquisition-related contingent consideration (credits)/charges in our Specialty Products Segment were related to our 2020 acquisitions of Sustainable Energy Solutions, Inc. (“SES”) and BlueInGreen, LLC (“BIG”) and for the: •three months ended June 30, 2022 were $(0.2). •three months ended June 30, 2021 were $1.2. •six months ended June 30, 2022 were $(1.0). •six months ended June 30, 2021 were $2.0. Sales by Geography
| Three Months Ended June 30, 2022
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America | $ | 52.4 |  |  | $ | 75.9 |  |  | $ | 86.6 |  |  | $ | 35.9 |  |  | $ | (1.1) |  |  | $ | 249.7 |
Europe, Middle East, Africa and India | 46.9 |  |  | 16.6 |  |  | 21.3 |  |  | 9.2 |  |  | (0.3) |  |  | 93.7 |
Asia-Pacific | 31.5 |  |  | 9.6 |  |  | 7.4 |  |  | 9.9 |  |  | (0.3) |  |  | 58.1 |
Rest of the World | 2.1 |  |  | 0.8 |  |  | — |  |  | 0.4 |  |  | — |  |  | 3.3 |
Total | $ | 132.9 |  |  | $ | 102.9 |  |  | $ | 115.3 |  |  | $ | 55.4 |  |  | $ | (1.7) |  |  | $ | 404.8 |
| Three Months Ended June 30, 2021
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America | $ | 34.4 |  |  | $ | 42.2 |  |  | $ | 43.3 |  |  | $ | 29.5 |  |  | $ | (1.0) |  |  | $ | 148.4 |
Europe, Middle East, Africa and India | 32.7 |  |  | 8.8 |  |  | 53.3 |  |  | 9.1 |  |  | (0.7) |  |  | 103.2 |
Asia-Pacific | 29.1 |  |  | 14.0 |  |  | 9.6 |  |  | 15.9 |  |  | (0.7) |  |  | 67.9 |
Rest of the World | 1.6 |  |  | 0.2 |  |  | 0.6 |  |  | 0.1 |  |  | — |  |  | 2.5 |
Total | $ | 97.8 |  |  | $ | 65.2 |  |  | $ | 106.8 |  |  | $ | 54.6 |  |  | $ | (2.4) |  |  | $ | 322.0 |
| Six Months Ended June 30, 2022
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America | $ | 90.3 |  |  | $ | 129.6 |  |  | $ | 146.6 |  |  | $ | 70.5 |  |  | $ | (1.2) |  |  | $ | 435.8 |
Europe, Middle East, Africa and India | 97.6 |  |  | 35.7 |  |  | 56.5 |  |  | 19.3 |  |  | (0.3) |  |  | 208.8 |
Asia-Pacific | 59.7 |  |  | 15.7 |  |  | 19.6 |  |  | 13.9 |  |  | (0.3) |  |  | 108.6 |
Rest of the World | 3.4 |  |  | 1.2 |  |  | 0.1 |  |  | 1.0 |  |  | — |  |  | 5.7 |
Total | $ | 251.0 |  |  | $ | 182.2 |  |  | $ | 222.8 |  |  | $ | 104.7 |  |  | $ | (1.8) |  |  | $ | 758.9 |
| Six Months Ended June 30, 2021
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America | $ | 75.5 |  |  | $ | 88.5 |  |  | $ | 69.4 |  |  | $ | 58.5 |  |  | $ | (2.7) |  |  | $ | 289.2 |
Europe, Middle East, Africa and India | 70.4 |  |  | 16.6 |  |  | 98.9 |  |  | 19.6 |  |  | (1.7) |  |  | 203.8 |
Asia-Pacific | 53.3 |  |  | 28.8 |  |  | 15.2 |  |  | 17.7 |  |  | (1.3) |  |  | 113.7 |
Rest of the World | 2.5 |  |  | 0.5 |  |  | 0.6 |  |  | 0.2 |  |  | — |  |  | 3.8 |
Total | $ | 201.7 |  |  | $ | 134.4 |  |  | $ | 184.1 |  |  | $ | 96.0 |  |  | $ | (5.7) |  |  | $ | 610.5 |
Segment assets |
| June 30, 2022 |  | December 31, 2021
Cryo Tank Solutions | $ | 419.3 |  |  | $ | 407.2 |
Heat Transfer Systems | 263.2 |  |  | 225.8 |
Specialty Products | 409.0 |  |  | 327.5 |
Repair, Service & Leasing | 179.3 |  |  | 186.2 |
Total assets of reportable segments | 1,270.8 |  |  | 1,146.7 |
Goodwill (1) | 984.9 |  |  | 994.6 |
Identifiable intangible assets, net (1) | 549.4 |  |  | 556.1 |
Corporate | 362.5 |  |  | 346.4 |
Total | $ | 3,167.6 |  |  | $ | 3,043.8 |
_______________ (1)See Note 6, “Goodwill and Intangible Assets,” for further information related to goodwill and identifiable intangible assets, net.

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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + 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