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v3.23.1

Reportable Segments (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Reportable and Product Sales Information Segments | Segment Financial Information
| Three Months Ended March 31, 2023
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales | $ | 127.2 |  |  | $ | 167.5 |  |  | $ | 127.3 |  |  | $ | 120.1 |  |  | $ | (4.2) |  |  | $ | — |  |  | $ | 537.9 |
Depreciation and amortization expense | 5.6 |  |  | 8.4 |  |  | 8.6 |  |  | 9.9 |  |  | — |  |  | 0.8 |  |  | 33.3 |
Operating income (loss) (1) (2) | 4.9 |  |  | 27.3 |  |  | 22.1 |  |  | 33.8 |  |  | — |  |  | (51.9) |  |  | 36.2 |
| Three Months Ended March 31, 2022
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Corporate |  | Consolidated
Sales | $ | 118.1 |  |  | $ | 79.3 |  |  | $ | 107.5 |  |  | $ | 49.3 |  |  | $ | (0.1) |  |  | $ | — |  |  | $ | 354.1 |
Depreciation and amortization expense | 4.1 |  |  | 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 |
_______________ (1)Restructuring costs for the: •three months ended March 31, 2023 were $1.6 ($0.8 - Cryo Tank Solutions, $0.8 - Repair, Service & Leasing). •three months ended March 31, 2022 were $0.1 in our Heat Transfer Systems segment. (2)Acquisition-related contingent consideration credits 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 March 31, 2023 were $(7.4). •three months ended March 31, 2022 were $(0.8). Sales by Geography
| Three Months Ended March 31, 2023
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America | $ | 67.1 |  |  | $ | 134.6 |  |  | $ | 73.2 |  |  | $ | 57.3 |  |  | $ | (2.3) |  |  | $ | 329.9 |
Europe, Middle East, Africa and India | 42.0 |  |  | 15.5 |  |  | 33.0 |  |  | 36.1 |  |  | (1.3) |  |  | 125.3 |
Asia-Pacific | 17.3 |  |  | 14.3 |  |  | 20.1 |  |  | 23.0 |  |  | (0.6) |  |  | 74.1 |
Rest of the World | 0.8 |  |  | 3.1 |  |  | 1.0 |  |  | 3.7 |  |  | — |  |  | 8.6 |
Total | $ | 127.2 |  |  | $ | 167.5 |  |  | $ | 127.3 |  |  | $ | 120.1 |  |  | $ | (4.2) |  |  | $ | 537.9 |
| Three Months Ended March 31, 2022
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Intersegment Eliminations |  | Consolidated
North America | $ | 37.9 |  |  | $ | 53.7 |  |  | $ | 60.0 |  |  | $ | 34.6 |  |  | $ | (0.1) |  |  | $ | 186.1 |
Europe, Middle East, Africa and India | 50.7 |  |  | 19.1 |  |  | 35.2 |  |  | 10.1 |  |  | — |  |  | 115.1 |
Asia-Pacific | 28.2 |  |  | 6.1 |  |  | 12.2 |  |  | 4.0 |  |  | — |  |  | 50.5 |
Rest of the World | 1.3 |  |  | 0.4 |  |  | 0.1 |  |  | 0.6 |  |  | — |  |  | 2.4 |
Total | $ | 118.1 |  |  | $ | 79.3 |  |  | $ | 107.5 |  |  | $ | 49.3 |  |  | $ | (0.1) |  |  | $ | 354.1 |
Schedule of Segment Assets |
| March 31, 2023 |  | December 31, 2022
Cryo Tank Solutions | $ | 482.9 |  |  | $ | 382.0 |
Heat Transfer Systems | 364.1 |  |  | 298.6 |
Specialty Products | 371.6 |  |  | 429.8 |
Repair, Service & Leasing | 169.3 |  |  | 182.1 |
Total assets of reportable segments | 1,387.9 |  |  | 1,292.5 |
Unallocated acquired assets (1) | 1,290.6 |  |  | — |
Goodwill (2) | 2,933.2 |  |  | 992.0 |
Identifiable intangible assets, net (2) | 3,105.8 |  |  | 535.3 |
Corporate | 531.3 |  |  | 2,830.7 |
Insurance receivable, net of tax | — |  |  | 251.4 |
Total | $ | 9,248.8 |  |  | $ | 5,901.9 |
_______________ (1)As discussed in Note 13, “Business Combinations”, on March 17, 2023, we acquired Howden. Acquired assets resulting from this transaction have not yet been allocated at the reporting unit level, but will be allocated to the reporting units when the purchase price allocation is finalized during the measurement period and an analysis has been completed to determine an appropriate allocation. (2)See Note 7, “Goodwill and Intangible Assets,” for further information related to goodwill and identifiable intangible assets, net.

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- 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
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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 -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
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