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Revenue (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables illustrate the disaggregation of revenue by geographic area, groups of similar products and services and sales channels:

Net sales by geographic area

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Americas			$	174.0					$	166.7					$	512.7					$	491.7
Europe, Middle East and Africa			69.0						80.7						225.0						246.8
Asia Pacific			19.9						24.6						63.5						75.9
Total			$	262.9					$	272.0					$	801.2					$	814.4

Net sales are attributed to each geographic area based on the end-user country and are net of intercompany sales.

Net sales by groups of similar products and services

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Equipment			$	153.8					$	168.6					$	484.0					$	506.6
Parts and consumables			67.4						62.8						194.1						187.4
Service and other			41.7						40.6						123.1						118.9
Specialty surface coatings(a)			—						—						—						1.5
Total			$	262.9					$	272.0					$	801.2					$	814.4

(a)On February 1, 2021, we sold our Coatings business. Further details regarding the sale are discussed in Note 5.

Net sales by sales channel

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Sales direct to consumer			$	174.9					$	175.4					$	518.4					$	517.3
Sales to distributors			88.0						96.6						282.8						297.1
Total			$	262.9					$	272.0					$	801.2					$	814.4

Schedule of Change in Sales Incentive Accrual Balance

The change in our sales incentive accrual balance was as follows:

			Nine Months Ended September 30,
			2022						2021
Beginning balance			$	19.9					$	12.1
Additions to sales incentive accrual			16.1						29.9
Contract payments			(19.5)						(26.1)
Foreign currency fluctuations			(0.9)						0.1
Ending balance			$	15.6					$	16.0

The change in the deferred revenue balance was as follows:

			Nine Months Ended September 30,
			2022						2021
Beginning balance			$	11.2					$	9.3
Increase in deferred revenue representing our obligation to satisfy future performance obligations			19.4						25.9
Decrease in deferred revenue for amounts recognized in net sales for satisfied performance obligations			(19.9)						(25.2)
Foreign currency fluctuations			(0.7)						—
Ending balance			$	10.0					$	10.0

Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

Of these amounts, we expect to recognize the following approximate amounts in net sales in the following periods:

Remaining 2022			$	5.5
2023			2.4
2024			1.4
2025			0.4
2026			0.2
Thereafter			0.1
Total			$	10.0

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

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