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Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment Financial Information

			Year Ended December 31, 2024
			Cryo Tank Solutions						Heat Transfer Systems						Specialty Products						Repair, Service & Leasing						Total Segments						Corporate & Intersegment Eliminations						Consolidated
Sales			$	637.9					$	1,035.3					$	1,114.3					$	1,372.7					$	4,160.2					$	0.1					$	4,160.3
Cost of sales			494.4						736.3						813.2						727.5						2,771.4						0.1						2,771.5
Selling, general and administrative expenses			61.2						45.6						106.6						150.0						363.4						184.0						547.4
Amortization expense			7.7						20.1						21.4						144.7						193.9						—						193.9
Operating income (loss)			74.6						233.3						173.1						350.5						831.5						(184.0)						647.5
Depreciation expense (1)			14.3						17.7						8.3						27.7						68.0						8.0						76.0

			Year Ended December 31, 2023
			Cryo Tank Solutions						Heat Transfer Systems						Specialty Products						Repair, Service & Leasing						Total Segments						Corporate & Intersegment Eliminations						Consolidated
Sales			$	640.8					$	891.2					$	819.9					$	1,029.2					$	3,381.1					$	(28.6)					$	3,352.5
Cost of sales			508.8						644.4						598.5						589.0						2,340.7						(28.6)						2,312.1
Selling, general and administrative expenses			70.9						54.1						82.6						116.1						323.7						162.6						486.3
Amortization expense			6.6						16.9						19.1						120.8						163.4						—						163.4
Operating income (loss)			54.5						175.8						119.7						203.3						553.3						(162.6)						390.7
Depreciation expense (1)			16.6						15.7						5.6						24.3						62.2						5.5						67.7

			Year Ended December 31, 2022
			Cryo Tank Solutions						Heat Transfer Systems						Specialty Products						Repair, Service & Leasing						Total Segments						Corporate & Intersegment Eliminations						Consolidated
Sales			$	504.3					$	462.7					$	448.3					$	209.6					$	1,624.9					$	(12.5)					$	1,612.4
Cost of sales			405.6						372.1						309.7						130.1						1,217.5						(12.5)						1,205.0
Selling, general and administrative expenses			41.8						24.0						55.6						15.2						136.6						77.9						214.5
Amortization expense			2.9						14.9						10.1						13.3						41.2						0.2						41.4
Operating income (loss)			54.0						51.7						72.9						51.0						229.6						(78.1)						151.5
Depreciation expense (1)			13.8						14.4						6.3						3.8						38.3						2.2						40.5

_______________

(1)Depreciation disclosed by reportable segment is included within cost of sales and selling, general and administrative expenses.

Sales by Geography

Net sales by geographic area are reported by the destination of sales.

			Year Ended December 31, 2024
			Cryo Tank Solutions						Heat Transfer Systems						Specialty Products						Repair, Service & Leasing						Intersegment Eliminations						Consolidated
North America (1)			$	275.7					$	637.8					$	441.1					$	535.3					$	—					$	1,889.9
Europe, Middle East, Africa and India			223.7						155.5						319.7						546.0						0.1						1,245.0
Asia-Pacific (2)			122.9						222.4						336.3						225.1						—						906.7
Rest of the World			15.6						19.6						17.2						66.3						—						118.7
Total			$	637.9					$	1,035.3					$	1,114.3					$	1,372.7					$	0.1					$	4,160.3

			Year Ended December 31, 2023
			Cryo Tank Solutions						Heat Transfer Systems						Specialty Products						Repair, Service & Leasing						Intersegment Eliminations						Consolidated
North America (1)			$	309.5					$	594.0					$	307.6					$	317.6					$	(13.1)					$	1,515.6
Europe, Middle East, Africa and India			210.0						115.3						230.3						468.4						(9.9)						1,014.1
Asia-Pacific (2)			114.4						163.8						266.3						203.3						(5.1)						742.7
Rest of the World			6.9						18.1						15.7						39.9						(0.5)						80.1
Total			$	640.8					$	891.2					$	819.9					$	1,029.2					$	(28.6)					$	3,352.5

			Year Ended December 31, 2022
			Cryo Tank Solutions						Heat Transfer Systems						Specialty Products						Repair, Service & Leasing						Intersegment Eliminations						Consolidated
North America (1)			$	214.8					$	323.5					$	302.2					$	147.0					$	(6.6)					$	980.9
Europe, Middle East, Africa and India			185.7						97.5						113.2						41.9						(3.9)						434.4
Asia-Pacific (2)			98.1						40.1						32.2						19.3						(1.8)						187.9
Rest of the World			5.7						1.6						0.7						1.4						(0.2)						9.2
Total			$	504.3					$	462.7					$	448.3					$	209.6					$	(12.5)					$	1,612.4

_______________

(1)     Consolidated sales in the United States were $1,659.0, $1,387.7 and $938.5 for the years ended December 31, 2024, 2023 and 2022, respectively and represent 39.9%, 41.4% and 58.2% of consolidated sales for the same periods, respectively.

(2)    Consolidated sales in China were $565.4, $460.9 and $58.3 for the years ended December 31, 2024, 2023 and 2022, respectively and represent 13.6%, 13.7% and 3.6% of consolidated sales for the same periods, respectively.

			December 31,
			2024						2023
Cryo Tank Solutions			$	614.0					$	706.1
Heat Transfer Systems			669.7						560.7
Specialty Products			920.6						647.8
Repair, Service & Leasing			889.9						950.1
Total assets of reportable segments			3,094.2						2,864.7
Goodwill (1)			2,899.9						2,906.8
Identifiable intangible assets, net (1)			2,540.6						2,791.9
Corporate			589.2						539.0
Total assets			$	9,123.9					$	9,102.4

_______________

(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,
			2024						2023
United States			$	420.9					$	356.9
Foreign
Germany			99.7						106.7
China			94.0						106.4
Italy			46.9						54.6
United Kingdom			34.1						25.7
India			30.7						34.0
Czech Republic			30.4						34.0
Other foreign countries			107.5						119.3
Total foreign			443.3						480.7
Total			$	864.2					$	837.6

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

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-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
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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

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