XML 209 R44.htm IDEA: XBRL DOCUMENT
v3.19.1

Segmental Information Segmental Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment for the years ended December 31, is included in the following summary:
|  | Net Sales |  |  | Adjusted EBITDA |
| In millions | 2018 |  | 2017 |  | 2016 |  |  | 2018 |  | 2017 |  | 2016 |
| Gas Cylinders segment | $ | 238.1 |  |  | $ | 220.2 |  |  | $ | 225.8 |  |  |  | $ | 23.4 |  |  | $ | 17.0 |  |  | $ | 18.3 |  |
| Elektron segment | 249.8 |  |  | 221.1 |  |  | 189.0 |  |  |  | 56.2 |  |  | 42.3 |  |  | 33.0 |  |
| Consolidated | $ | 487.9 |  |  | $ | 441.3 |  |  | $ | 414.8 |  |  |  | $ | 79.6 |  |  | $ | 59.3 |  |  | $ | 51.3 |  |
|  | Depreciation and amortization |  |  | Restructuring Charges |
| In millions | 2018 |  | 2017 |  | 2016 |  |  | 2018 |  | 2017 |  | 2016 |
| Gas Cylinders segment | $ | 7.3 |  |  | $ | 7.2 |  |  | $ | 7.4 |  |  |  | $ | 10.0 |  |  | $ | 2.9 |  |  | $ | — |  |
| Elektron segment | 11.7 |  |  | 11.1 |  |  | 10.6 |  |  |  | 3.4 |  |  | 5.5 |  |  | 0.4 |  |
| Consolidated | $ | 19.0 |  |  | $ | 18.3 |  |  | $ | 18.0 |  |  |  | $ | 13.4 |  |  | $ | 8.4 |  |  | $ | 0.4 |  |
(1) Adjusted EBITA is adjusted EBITDA less depreciation and loss on disposal of property, plant and equipment. 15. Segmental Information (continued)
|  | Total assets |  |  | Capital expenditure |
| In millions | 2018 |  | 2017 |  | 2016 |  |  | 2018 |  | 2017 |  | 2016 |
| Gas Cylinders segment | $ | 145.6 |  |  | $ | 156.9 |  |  | $ | 151.9 |  |  |  | $ | 2.8 |  |  | $ | 3.5 |  |  | $ | 7.2 |  |
| Elektron segment | 210.5 |  |  | 210.4 |  |  | 190.9 |  |  |  | 10.5 |  |  | 5.8 |  |  | 10.1 |  |
| Other | 34.3 |  |  | 48.5 |  |  | 57.0 |  |  |  | 0.3 |  |  | 0.7 |  |  | — |  |
|  | $ | 390.4 |  |  | $ | 415.8 |  |  | $ | 399.8 |  |  |  | $ | 13.6 |  |  | $ | 10.0 |  |  | $ | 17.3 |  |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table presents a reconciliation of Adjusted EBITDA to net income:
| In millions | 2018 |  | 2017 |  | 2016 |
| Adjusted EBITDA | $ | 79.6 |  |  | $ | 59.3 |  |  | $ | 51.3 |  |
| Other share based compensation charges | (4.8 | ) |  | (2.2 | ) |  | (1.4 | ) |
| Loss on disposal of property, plant and equipment | (0.3 | ) |  | — |  |  | (0.2 | ) |
| Depreciation and amortization | (19.0 | ) |  | (18.3 | ) |  | (18.0 | ) |
| Unwind discount on deferred consideration | (0.2 | ) |  | (0.2 | ) |  | (0.4 | ) |
| Restructuring charges | (13.4 | ) |  | (8.4 | ) |  | (0.4 | ) |
| Impairment charge | (7.2 | ) |  | (3.7 | ) |  | — |  |
| Acquisition (costs) / credit | (4.3 | ) |  | 1.3 |  |  | — |  |
| Other charges (1) | — |  |  | (5.8 | ) |  | — |  |
| Other general income | — |  |  | — |  |  | 2.5 |  |
| Defined benefits pension mark-to-market gain / (loss) | 4.7 |  |  | 4.2 |  |  | (2.8 | ) |
| Interest expense, net | (4.6 | ) |  | (6.3 | ) |  | (6.0 | ) |
| Provision for taxes | (5.5 | ) |  | (3.3 | ) |  | (6.8 | ) |
| Net income | $ | 25.0 |  |  | $ | 16.6 |  |  | $ | 17.8 |  |
(1) Other charges include costs incurred on: settlement and other legal expenses incurred in relation to patent infringement litigation against a competitor; and costs incurred in relation to the conversion of the Company's ADR listing to a direct listing of ordinary shares on the New York Stock Exchange.
Revenue from External Customers and Long-term Assets by Geographic Areas | The following tables present certain geographic information by geographic region for the years ended December 31,:
|  | Net Sales |
|  | 2018 |  | 2017 |  | 2016 |
|  | $M | Percent |  | $M | Percent |  | $M | Percent |
| United States | $ | 249.2 |  | 51.1 | % |  | $ | 224.1 |  | 50.8 | % |  | $ | 211.3 |  | 50.9 | % |
| U.K. | 47.6 |  | 9.8 | % |  | 40.4 |  | 9.2 | % |  | 36.5 |  | 8.8 | % |
| Germany | 42.0 |  | 8.6 | % |  | 36.8 |  | 8.3 | % |  | 32.2 |  | 7.8 | % |
| Italy | 23.3 |  | 4.8 | % |  | 19.0 |  | 4.3 | % |  | 19.6 |  | 4.7 | % |
| France | 17.0 |  | 3.4 | % |  | 16.0 |  | 3.6 | % |  | 15.0 |  | 3.6 | % |
| Top five countries | $ | 379.1 |  | 77.7 | % |  | $ | 336.3 |  | 76.2 | % |  | $ | 314.6 |  | 75.8 | % |
| Rest of Europe | 33.2 |  | 6.8 | % |  | 31.1 |  | 7.0 | % |  | 27.4 |  | 6.6 | % |
| Asia Pacific | 53.0 |  | 10.9 | % |  | 47.5 |  | 10.8 | % |  | 45.6 |  | 11.0 | % |
| Other (2) | 22.6 |  | 4.6 | % |  | 26.4 |  | 6.0 | % |  | 27.2 |  | 6.6 | % |
|  | $ | 487.9 |  |  |  | $ | 441.3 |  |  |  | $ | 414.8 |  |  |
|  |  | Property, plant and equipment, net |
| In millions |  | 2018 |  | 2017 |  | 2016 |
| United States |  | $ | 66.1 |  |  | $ | 75.4 |  |  | $ | 77.5 |  |
| United Kingdom |  | 36.0 |  |  | 36.6 |  |  | 34.3 |  |
| Rest of Europe |  | 1.1 |  |  | 13.1 |  |  | 12.8 |  |
| Asia Pacific |  | 0.3 |  |  | 0.2 |  |  | 0.2 |  |
| Other (2) |  | 3.4 |  |  | 3.8 |  |  | 3.8 |  |
|  |  | $ | 106.9 |  |  | $ | 129.1 |  |  | $ | 128.6 |  |
(1) Net sales are based on the geographic destination of sale. (2) Other includes Canada, South America, Latin America and Africa.

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=115929826&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=115929826&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=108376223&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 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: 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=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration