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v3.23.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | Reportable segment information is presented in the following table:
(In thousands, except percentages) |  | Americas |  | International |  | Corporate |  |  |  | Consolidated Totals
Three Months Ended March 31, 2023 |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 280,267 |  |  | $ | 117,995 |  |  | $ | — |  |  |  |  | $ | 398,262 |
Operating loss |  |  |  |  |  |  |  |  |  | (60,061) |
Restructuring charges (Note 3) |  |  |  |  |  |  |  |  |  | 1,747 |
Currency exchange losses, net |  |  |  |  |  |  |  |  |  | 4,175 |
Loss on divestiture of MSA LLC (Note 17) |  |  |  |  |  |  |  |  |  | 129,211 |
Product liability expense (Note 17) |  |  |  |  |  |  |  |  |  | 3 |
Amortization of acquisition-related intangible assets |  |  |  |  |  |  |  |  |  | 2,305 |
Adjusted operating income (loss) |  | 71,694 |  |  | 15,779 |  |  | (10,093) |  |  |  |  | 77,380 |
Adjusted operating margin % |  | 25.6 | % |  | 13.4 | % |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  | 12,267 |
Adjusted EBITDA |  | 80,494 |  |  | 19,058 |  |  | (9,905) |  |  |  |  | 89,647 |
Adjusted EBITDA margin % |  | 28.7 | % |  | 16.2 | % |  |  |  |  |  |
Three Months Ended March 31, 2022 |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 225,648 |  |  | $ | 105,044 |  |  | $ | — |  |  |  |  | $ | 330,692 |
Operating income |  |  |  |  |  |  |  |  |  | 42,668 |
Restructuring charges (Note 3) |  |  |  |  |  |  |  |  |  | 2,189 |
Currency exchange losses, net |  |  |  |  |  |  |  |  |  | 3,271 |
Product liability expense (Note 17) |  |  |  |  |  |  |  |  |  | 2,772 |
Amortization of acquisition-related intangible assets |  |  |  |  |  |  |  |  |  | 2,336 |
Transaction costs(a) |  |  |  |  |  |  |  |  |  | 607 |
Adjusted operating income (loss) |  | 52,435 |  |  | 9,024 |  |  | (7,616) |  |  |  |  | 53,843 |
Adjusted operating margin % |  | 23.2 | % |  | 8.6 | % |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  | 11,829 |
Adjusted EBITDA |  | 60,796 |  |  | 12,362 |  |  | (7,486) |  |  |  |  | 65,672 |
Adjusted EBITDA margin % |  | 26.9 | % |  | 11.8 | % |  |  |  |  |  |
(a) Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Operations.
Percentage of Total Sales by Product Group | Total sales by product group was as follows:
Three Months Ended March 31, 2023 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars | Percent |  | Dollars | Percent |  | Dollars | Percent
Fixed Gas & Flame Detection | $ | 93,635 |  | 24% |  | $ | 61,143 |  | 22% |  | $ | 32,492 |  | 28%
Breathing Apparatus | 76,721 |  | 19% |  | 52,769 |  | 19% |  | 23,952 |  | 20%
Firefighter Helmets & Protective Apparel | 62,667 |  | 16% |  | 49,287 |  | 18% |  | 13,380 |  | 11%
Portable Gas Detection | 52,966 |  | 13% |  | 38,168 |  | 14% |  | 14,798 |  | 13%
Industrial Head Protection | 42,907 |  | 11% |  | 33,625 |  | 12% |  | 9,282 |  | 8%
Fall Protection | 31,157 |  | 8% |  | 20,458 |  | 7% |  | 10,699 |  | 9%
Other | 38,209 |  | 9% |  | 24,817 |  | 8% |  | 13,392 |  | 11%
Total | $ | 398,262 |  | 100% |  | $ | 280,267 |  | 100% |  | $ | 117,995 |  | 100%
Three Months Ended March 31, 2022 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars | Percent |  | Dollars | Percent |  | Dollars | Percent
Fixed Gas & Flame Detection | $ | 83,077 |  | 25% |  | $ | 54,621 |  | 24% |  | $ | 28,456 |  | 27%
Breathing Apparatus | 70,951 |  | 22% |  | 50,398 |  | 22% |  | 20,553 |  | 20%
Firefighter Helmets & Protective Apparel | 48,461 |  | 15% |  | 33,476 |  | 15% |  | 14,985 |  | 14%
Portable Gas Detection | 36,744 |  | 11% |  | 25,791 |  | 11% |  | 10,953 |  | 10%
Industrial Head Protection | 36,157 |  | 11% |  | 28,165 |  | 13% |  | 7,992 |  | 8%
Fall Protection | 24,662 |  | 7% |  | 16,277 |  | 7% |  | 8,385 |  | 8%
Other | 30,640 |  | 9% |  | 16,920 |  | 8% |  | 13,720 |  | 13%
Total | $ | 330,692 |  | 100% |  | $ | 225,648 |  | 100% |  | $ | 105,044 |  | 100%

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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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