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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Summary of segment's results of operations | The following table summarizes financial information regarding each reportable segment’s results of operations, including disaggregated external net sales by product category:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
(dollars in millions) | 2020 |  | 2019 |  | 2020 |  | 2019
Net sales: |  |  |  |  |  |  |
Electronics |  |  |  |  |  |  |
Assembly Solutions | $ | 112.2 |  |  | $ | 137.4 |  |  | $ | 238.2 |  |  | $ | 270.4 |
Circuitry Solutions | 92.8 |  |  | 92.2 |  |  | 185.7 |  |  | 183.0 |
Semiconductor Solutions | 48.2 |  |  | 38.3 |  |  | 98.2 |  |  | 80.4 |
Total Electronics | 253.2 |  |  | 267.9 |  |  | 522.1 |  |  | 533.8 |
Industrial & Specialty |  |  |  |  |  |  |
Industrial Solutions | 83.6 |  |  | 132.5 |  |  | 209.5 |  |  | 270.5 |
Graphics Solutions | 34.6 |  |  | 37.3 |  |  | 73.2 |  |  | 73.0 |
Energy Solutions | 15.6 |  |  | 19.0 |  |  | 34.8 |  |  | 39.2 |
Total Industrial & Specialty | 133.8 |  |  | 188.8 |  |  | 317.5 |  |  | 382.7 |
Total net sales | $ | 387.0 |  |  | $ | 456.7 |  |  | $ | 839.6 |  |  | $ | 916.5 |
Adjusted EBITDA: |  |  |  |  |  |  |
Electronics | $ | 58.0 |  |  | $ | 60.4 |  |  | $ | 124.5 |  |  | $ | 116.8 |
Industrial & Specialty | 26.8 |  |  | 40.1 |  |  | 70.4 |  |  | 82.3 |
Total Adjusted EBITDA | $ | 84.8 |  |  | $ | 100.5 |  |  | $ | 194.9 |  |  | $ | 199.1 |
The following table reconciles "Net income attributable to common stockholders" to Adjusted EBITDA:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
(dollars in millions) | 2020 |  | 2019 |  | 2020 |  | 2019
Net income attributable to common stockholders | $ | 1.2 |  |  | $ | 1.5 |  |  | $ | 9.8 |  |  | $ | 24.7 |
Add (subtract): |  |  |  |  |  |  |
Net (loss) income attributable to the non-controlling interests | — |  |  | (0.1) |  |  | — |  |  | 0.6 |
Loss (income) from discontinued operations, net of tax | 1.1 |  |  | 13.3 |  |  | 0.9 |  |  | (14.1) |
Income tax expense (benefit) | 5.8 |  |  | (6.8) |  |  | 9.9 |  |  | (17.2) |
Interest expense, net | 16.9 |  |  | 18.2 |  |  | 33.6 |  |  | 56.3 |
Depreciation expense | 10.5 |  |  | 10.4 |  |  | 21.0 |  |  | 20.7 |
Amortization expense | 28.9 |  |  | 28.4 |  |  | 58.3 |  |  | 56.8 |
EBITDA | 64.4 |  |  | 64.9 |  |  | 133.5 |  |  | 127.8 |
Adjustments to reconcile to Adjusted EBITDA: |  |  |  |  |  |  |
Amortization of inventory step-up | — |  |  | — |  |  | 1.4 |  |  | — |
Restructuring expense | 3.3 |  |  | 3.2 |  |  | 4.3 |  |  | 5.8 |
Acquisition and integration costs | 1.3 |  |  | 0.3 |  |  | 7.9 |  |  | 1.7 |
Foreign exchange loss on foreign denominated external and internal long-term debt | 11.8 |  |  | 28.7 |  |  | 40.9 |  |  | 0.4 |
Debt refinancing costs | — |  |  | 0.3 |  |  | — |  |  | 61.0 |
Change in fair value of contingent consideration | — |  |  | 0.5 |  |  | — |  |  | 2.9 |
Other, net | 4.0 |  |  | 2.6 |  |  | 6.9 |  |  | (0.5) |
Adjusted EBITDA | $ | 84.8 |  |  | $ | 100.5 |  |  | $ | 194.9 |  |  | $ | 199.1 |

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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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://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 http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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