XML 55 R38.htm IDEA: XBRL DOCUMENT v3.19.1

Segmental Information Segmental Information (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by reportable segment for the First Quarter ended March 31, 2019, and April 1, 2018, is included in the following summary:

		Net sales									Adjusted EBITDA
	In millions	2019				2018					2019				2018
	Gas Cylinders segment	$	58.4			$	59.3				$	4.5			$	6.0
	Elektron segment	62.0				60.4					14.0				13.2
	Consolidated	$	120.4			$	119.7				$	18.5			$	19.2

		Depreciation and amortization									Restructuring charges
	In millions	2019				2018					2019				2018
	Gas Cylinders segment	$	1.4			$	1.9				$	8.9			$	0.2
	Elektron segment	2.3				3.0					0.1				0.5
	Consolidated	$	3.7			$	4.9				$	9.0			$	0.7

⁽¹⁾ Adjusted EBITA is adjusted EBITDA less depreciation and loss on disposal of property, plant and equipment.

14.    Segmental Information (continued)

		Total assets									Capital expenditures
	In millions	2019				2018					2019				2018
	Gas Cylinders segment	$	162.3			$	156.3				$	1.1			$	0.4
	Elektron segment	227.1				218.2					2.6				1.0
	Other	34.4				34.3					—				—
		$	423.8			$	408.8				$	3.7			$	1.4

			Property, plant and equipment, net
	In millions		2019				2018
	United States		$	65.1			$	66.1
	United Kingdom		37.8				36.0
	Rest of Europe		1.0				1.1
	Asia Pacific		0.3				0.3
	Other (2)		3.6				3.4
			$	107.8			$	106.9

Property, plant and equipment, net by geographic region

			Property, plant and equipment, net
	In millions		2019				2018
	United States		$	65.1			$	66.1
	United Kingdom		37.8				36.0
	Rest of Europe		1.0				1.1
	Asia Pacific		0.3				0.3
	Other (2)		3.6				3.4
			$	107.8			$	106.9

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table presents a reconciliation of Adjusted EBITDA to net income:

	In millions	2019				2018
	Adjusted EBITDA	$	18.5			$	19.2
	Other share-based compensation charges	(2.6		)		(0.5		)
	Loss on disposal of property, plant and equipment	—				—
	Depreciation and amortization	(3.7		)		(4.9		)
	Unwind discount on deferred consideration	—				(0.1		)
	Restructuring charges	(9.0		)		(0.7		)
	Fair value adjustment to held-for-sale assets	0.2				—
	Acquisition costs	(4.6		)		—
	Defined benefits pension mark-to-market gain	0.6				1.4
	Interest expense, net	(1.1		)		(1.5		)
	Provision for income taxes	(2.1		)		(3.0		)
	Net income	$	(3.8	)		$	9.9

Revenue from External Customers and Long-term Assets by Geographic Areas

The following tables present certain geographic information by geographic region for the First Quarter ended March 31,:

		Net Sales(1)
		2019						2018
		$M			Percent			$M			Percent
	United States	$	61.4		51.0	%		$	62.3		52.0	%
	U.K.	11.5			9.6	%		11.6			9.7	%
	Germany	8.2			6.8	%		11.4			9.5	%
	Italy	6.5			5.4	%		5.3			4.4	%
	France	5.2			4.3	%		4.9			4.1	%
	Top five countries	$	92.8		77.1	%		$	95.5		79.8	%
	Rest of Europe	11.8			9.8	%		7.6			6.3	%
	Asia Pacific	11.6			9.6	%		10.6			8.9	%
	Other (2)	4.2			3.5	%		6.0			5.0	%
		$	120.4					$	119.7

(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 long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ 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
-Subparagraph b
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599

+ Details

Name:	us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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