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Segmental Information (Tables)

9 Months Ended

Sep. 29, 2019

Segment Reporting [Abstract]

Schedule of Financial Information, by Reporting Segment

Financial information by reportable segment for the Third Quarter and year-to-date ended September 29, 2019, and September 30, 2018, is included in the following summary:

		Net sales																	Adjusted EBITDA
		Third Quarter								Year-to-date									Third Quarter								Year-to-date
	In millions	2019				2018				2019				2018					2019				2018				2019				2018
	Gas Cylinders segment	$	54.2			$	62.2			$	170.7			$	181.9				$	6.3			$	6.3			$	17.9			$	17.3
	Elektron segment	52.9				66.9				173.3				195.1					10.4				16.7				37.5				46.3
	Consolidated	$	107.1			$	129.1			$	344.0			$	377.0				$	16.7			$	23.0			$	55.4			$	63.6

		Depreciation and amortization																	Restructuring charges
		Third Quarter								Year-to-date									Third Quarter								Year-to-date
	In millions	2019				2018				2019				2018					2019				2018				2019				2018
	Gas Cylinders segment	$	1.3			$	1.9			$	4.1			$	5.8				$	2.3			$	—			$	19.5			$	0.1
	Elektron segment	2.3				2.8				7.2				8.7					0.3				1.1				4.8				2.0
	Consolidated	$	3.6			$	4.7			$	11.3			$	14.5				$	2.6			$	1.1			$	24.3			$	2.1

		Total assets									Capital expenditures
		September 29,				December 31,					Third Quarter								Year-to-date
	In millions	2019				2018					2019				2018				2019				2018
	Gas Cylinders segment	$	161.4			$	156.3				$	0.5			$	0.8			$	2.9			$	1.5
	Elektron segment	203.2				218.2					0.3				3.3				8.2				6.4
	Other	37.8				34.3					—				0.1				—				0.1
		$	402.4			$	408.8				$	0.8			$	4.2			$	11.1			$	8.0

Property, Plant and Equipment, Net By Geographic region

			Property, plant and equipment, net
			September 29,				December 31,
	In millions		2019				2018
	United States		$	58.2			$	66.1
	United Kingdom		38.3				36.0
	Rest of Europe		1.0				1.1
	Asia Pacific		0.3				0.3
	Other (3)		3.7				3.4
			$	101.5			$	106.9

⁽¹⁾ The Luxfer Czech Republic business unit was sold at the end of the Second Quarter of 2019. Its results of operations are included within the 2018 figures and 2019 year-to-date figures.

⁽²⁾ Adjusted EBITA is adjusted EBITDA less depreciation and loss on disposal of property, plant and equipment.

⁽³⁾ Other includes Canada, South America, Latin America and Africa.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

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

		Third Quarter								Year-to-date
	In millions	2019				2018				2019				2018
	Adjusted EBITDA	$	16.7			$	23.0			$	55.4			$	63.6
	Other share-based compensation charges	(0.6		)		(1.2		)		(4.0		)		(3.1		)
	Loss on disposal of property, plant and equipment	—				(0.2		)		—				(0.2		)
	Depreciation and amortization	(3.6		)		(4.7		)		(11.3		)		(14.5		)
	Unwind discount on deferred consideration	(0.1		)		(0.2		)		(0.2		)		(0.5		)
	Restructuring charges	(2.6		)		(1.1		)		(24.3		)		(2.1		)
	Fair value adjustment to held-for-sale assets	—				—				0.2				—
	Acquisition and disposal related gains / (costs)	—				—				(1.7		)		—
	Other charges (4)	(2.7		)		—				(2.7		)		—
	Defined benefits pension mark-to-market gain	0.6				1.3				1.7				3.9
	Interest expense, net	(1.3		)		(1.2		)		(3.5		)		(3.7		)
	Provision for income taxes	(0.6		)		(3.5		)		(4.1		)		(9.9		)
	Net income	$	5.8			$	12.2			$	5.5			$	33.5

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

The following tables present certain geographic information by geographic region for the Third Quarter and Year-to-date, ended June 30, 2019 and July 1, 2018, respectively:

		Net Sales(5)
		Third Quarter											Year-to-date
		2019					2018						2019					2018
		$M			Percent		$M			Percent			$M			Percent		$M			Percent
	United States	$	58.0		54.1	%	$	67.2		52.1	%		$	182.4		52.9	%	$	195.4		51.8	%
	U.K.	7.9			7.4	%	13.1			10.1	%		28.5			8.3	%	36.5			9.7	%
	Germany	4.2			3.9	%	10.6			8.2	%		18.2			5.3	%	31.6			8.4	%
	Italy	5.1			4.8	%	6.9			5.3	%		16.8			4.9	%	17.0			4.5	%
	France	3.5			3.3	%	3.9			3.0	%		12.9			3.8	%	12.9			3.4	%
	Top five countries	$	78.7		73.6	%	$	101.7		78.8	%		$	258.8		75.2	%	$	293.4		77.8	%
	Rest of Europe	8.6			8.0	%	7.7			6.0	%		30.5			8.9	%	25.1			6.7	%
	Asia Pacific	13.0			12.1	%	14.3			11.1	%		37.3			10.8	%	40.7			10.8	%
	Other (6)	6.8			6.3	%	5.4			4.2	%		17.4			5.1	%	17.8			4.7	%
		$	107.1				$	129.1					$	344.0				$	377.0

(4) Other charges relates to an expense incurred in relation to the Company's decision to commence a project to remove low-level naturally occurring radioactive material.

(5) Net sales are based on the geographic destination of sale.

(6) Other includes Canada, South America, Latin America and Africa.

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