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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Operating Results and Other Financial Data

Segment operating results and other financial data for the quarters and six months ended June 30, 2023 and 2022 were as follows:

			Quarters Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
			(in millions)
Sales
Sealing Technologies			$	176.7					$	155.9					$	350.0					$	309.5
Advanced Surface Technologies			100.3						121.5						209.7						238.2
			277.0						277.4						559.7						547.7
Intersegment sales			(0.1)						(0.3)						(0.2)						(0.5)
Total sales			$	276.9					$	277.1					$	559.5					$	547.2
Adjusted Segment EBITDA
Sealing Technologies			$	56.2					$	44.1					$	105.9					$	78.4
Advanced Surface Technologies			24.1						37.8						53.6						72.7
			$	80.3					$	81.9					$	159.5					$	151.1
Reconciliation of Adjusted Segment EBITDA to income (loss) from continuing operations before income taxes
Income (loss) from continuing operations before income taxes			$	(28.6)					$	33.5					$	5.5					$	48.9
Acquisition and divestiture expenses			—						0.3						—						0.4
Non-controlling interest compensation allocation			(0.7)						1.4						(0.3)						0.5
Amortization of fair value adjustment to acquisition date inventory			—						1.0						—						11.3
Restructuring and impairment expense			0.3						0.8						0.7						1.1
Depreciation and amortization expense			23.8						26.1						47.3						52.1
Corporate expenses			15.0						9.4						25.7						22.3
Interest expense, net			8.6						7.7						16.5						14.6
Goodwill impairment			60.8						—						60.8						—
Other expense (income), net			1.1						1.7						3.3						(0.1)
Adjusted Segment EBITDA			$	80.3					$	81.9					$	159.5					$	151.1

Schedule of Total Assets Segment

Segment assets are as follows:

			June 30, 2023						December 31, 2022
			(in millions)
Sealing Technologies			$	706.4					$	689.6
Advanced Surface Technologies			1,426.5						1,519.6
Corporate			500.2						422.7
Discontinued operations			—						15.9
			$	2,633.1					$	2,647.8

Schedule of Disaggregation of Revenue

Below is a summary of our third-party sales by major end market with which we did business for the quarters and six months ended June 30, 2023 and 2022:

			Quarter Ended June 30, 2023
(in millions)			Sealing Technologies						Advanced Surface Technologies						Total
Aerospace			$	13.7					$	2.4					$	16.1
Chemical and material processing			22.9						—						22.9
Food and pharmaceutical			16.2						—						16.2
General industrial			44.3						6.0						50.3
Commercial vehicle			53.3						—						53.3
Oil and gas			4.7						2.9						7.6
Power generation			19.5						—						19.5
Semiconductors			2.1						88.9						91.0
Total third-party sales			$	176.7					$	100.2					$	276.9

			Quarter Ended June 30, 2022
(in millions)			Sealing Technologies						Advanced Surface Technologies						Total
Aerospace			$	10.7					$	1.1					$	11.8
Chemical and material processing			19.7						—						19.7
Food and pharmaceutical			17.1						—						17.1
General industrial			43.1						9.1						52.2
Commercial vehicle			43.4						—						43.4
Oil and gas			5.5						1.1						6.6
Power generation			14.6						—						14.6
Semiconductors			1.4						110.3						111.7
Total third-party sales			$	155.5					$	121.6					$	277.1

			Six Months Ended June 30, 2023
(in millions)			Sealing Technologies						Advanced Surface Technologies						Total
Aerospace			$	26.2					$	4.0					$	30.2
Chemical and material processing			44.5						—						44.5
Food and pharmaceutical			34.9						—						34.9
General industrial			88.2						14.8						103.0
Commercial vehicle			105.7						—						105.7
Oil and gas			10.6						4.5						15.1
Power generation			35.6						—						35.6
Semiconductors			4.3						186.2						190.5
Total third-party sales			$	350.0					$	209.5					$	559.5

			Six Months Ended June 30, 2022
(in millions)			Sealing Technologies						Advanced Surface Technologies						Total
Aerospace			$	18.8					$	3.1					$	21.9
Chemical and material processing			40.0						—						40.0
Food and pharmaceutical			34.7						—						34.7
General industrial			86.0						16.9						102.9
Commercial vehicle			88.2						—						88.2
Oil and gas			10.6						1.7						12.3
Power generation			27.8						0.1						27.9
Semiconductors			3.0						216.3						219.3
Total third-party sales			$	309.1					$	238.1					$	547.2

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