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Segment Information
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Information
14. Segment Information
ESAB is a world leader in fabrication and gas control technology, providing our partners with advanced equipment, consumables, gas control equipment, robotics, and digital solutions, which enable the everyday and extraordinary work that shapes our world. The Company’s products are utilized to solve challenges in a wide range of industries, including cutting, joining and automated welding.
The Company’s management evaluates the operating results of each of its reportable segments based upon Net sales and segment Adjusted EBITA, which represents operating income excluding the impact of Restructuring and other related charges, acquisition-related intangible asset amortization, and separation costs. The Company’s segment results were as follows:
 
    
Three Months Ended
     
Nine Months Ended
  
    
September 30,

2022
     
October 1,

2021
     
September 30,

2022
     
October 1,

2021
  
    
(In thousands)
  
Net sales:
            
Americas
    $ 281,361      $ 260,005      $ 844,741      $ 739,793  
EMEA & APAC
      338,904        345,963        1,084,612        1,064,107  
  
 
 
     
 
 
     
 
 
     
 
 
  
   $ 620,265      $ 605,968      $ 1,929,353      $ 1,803,900  
  
 
 
     
 
 
     
 
 
     
 
 
  
Adjusted EBITA
(1)
:
            
Americas
    $ 43,200      $ 38,627      $ 128,860      $ 102,665  
EMEA & APAC
      53,520        54,093        169,769        169,785  
  
 
 
     
 
 
     
 
 
     
 
 
  
   $ 96,720      $ 92,720      $ 298,629      $ 272,450  
  
 
 
     
 
 
     
 
 
     
 
 
  
 
(1)
 
The following is a reconciliation of Operating income to Adjusted EBITA:
    
Three Months Ended
     
Nine Months Ended
  
    
September 30,

2022
     
October 1,

2021
     
September 30,

2022
     
October 1,

2021
  
    
(In thousands)
  
Operating income
    $ 80,994      $ 78,664      $ 250,486      $ 233,165  
Restructuring and other related charges
      6,676        4,227        16,629        10,791  
Separation costs
(1)
      1,834        713        8,923        819  
Amortization of acquired intangibles
(2)
      7,216        8,934        22,523        27,130  
Other
(3)
      —          182        68        545  
    
 
 
     
 
 
     
 
 
     
 
 
  
Adjusted EBITA
    $ 96,720      $ 92,720      $ 298,629      $ 272,450  
    
 
 
     
 
 
     
 
 
     
 
 
  
 
(1)
 
Includes
non-recurring
professional fees incurred in the planning and execution of the Separation from Enovis within the Selling, general and administrative expense line within the Consolidated and Combined Condensed Statements of Operations.
(2)
 
Included within the Selling, general and administrative expense line withing the Consolidated and Combined Condensed Statements of Operations.
(3)
 
Relates to certain items included within the Interest expense (income) and other, net line within the Consolidated and Combined Condensed Statements of Operations.