XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.20.2

Segmental Information (Tables) | 6 Months Ended
--- | ---
Jun. 28, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment for the Second Quarter and year-to-date ended June 28, 2020, and June 30, 2019, is included in the following summary:
|  | Net sales |  |  |  |  |  |  |  | Adjusted EBITDA |  |  |  |  |  |  |
|  | Second Quarter |  |  |  | Year-to-date |  |  |  | Second Quarter |  |  |  | Year-to-date |  |  |
| In millions | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |
| Gas Cylinders segment | $ | 50.4 |  |  | $ | 58.1 |  |  | $ | 103.0 |  |  | $ | 116.5 |  |  | $ | 5.1 |  |  | $ | 7.1 |  |  | $ | 8.6 |  |  | $ | 11.6 |  |
| Elektron segment | 39.1 |  |  | 58.4 |  |  | 90.3 |  |  | 120.4 |  |  | 5.3 |  |  | 13.1 |  |  | 16.9 |  |  | 27.1 |  |
| Consolidated | $ | 89.5 |  |  | $ | 116.5 |  |  | $ | 193.3 |  |  | $ | 236.9 |  |  | $ | 10.4 |  |  | $ | 20.2 |  |  | $ | 25.5 |  |  | $ | 38.7 |  |
|  | Depreciation and amortization |  |  |  |  |  |  |  | Restructuring charges |  |  |  |  |  |  |
|  | Second Quarter |  |  |  | Year-to-date |  |  |  | Second Quarter |  |  |  | Year-to-date |  |  |
| In millions | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |
| Gas Cylinders segment | $ | 1.2 |  |  | $ | 1.4 |  |  | $ | 2.4 |  |  | $ | 2.8 |  |  | $ | 0.8 |  |  | $ | 8.3 |  |  | $ | 3.4 |  |  | $ | 17.2 |  |
| Elektron segment | 2.4 |  |  | 2.6 |  |  | 4.8 |  |  | 4.9 |  |  | 0.1 |  |  | 4.4 |  |  | 0.1 |  |  | 4.5 |  |
| Other | — |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  | — |  |  | 0.1 |  |  | — |  |
| Consolidated | $ | 3.6 |  |  | $ | 4.0 |  |  | $ | 7.2 |  |  | $ | 7.7 |  |  | $ | 0.8 |  |  | $ | 12.7 |  |  | $ | 3.6 |  |  | $ | 21.7 |  |
2 Adjusted EBITA is adjusted EBITDA less depreciation 12. Segmental Information (continued)
|  | Total assets |  |  |  |  |  | Capital expenditures |  |  |  |  |  |  |
|  | June 28, |  | December 31, |  |  |  | Second Quarter |  |  |  | Year-to-date |  |  |
| In millions | 2020 |  | 2019 |  |  |  | 2020 |  | 2019 |  | 2020 |  | 2019 |
| Gas Cylinders segment | $ | 146.3 |  |  | $ | 156.0 |  |  |  |  | $ | 0.5 |  |  | $ | 1.3 |  |  | $ | 1.0 |  |  | $ | 2.4 |  |
| Elektron segment | 197.3 |  |  | 200.8 |  |  |  |  | 1.4 |  |  | 2.6 |  |  | 2.5 |  |  | 5.2 |  |
| Other | 26.3 |  |  | 33.5 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |
| Consolidated | $ | 369.9 |  |  | $ | 390.3 |  |  |  |  | $ | 1.9 |  |  | $ | 3.9 |  |  | $ | 3.5 |  |  | $ | 7.6 |  |
Property, plant and equipment, net by geographic region |
|  |  | Property, plant and equipment, net |  |  |  |  |
|  |  | June 28, |  | December 31, |  |  |
| In millions |  | 2020 |  | 2019 |  |  |
| United States |  | $ | 54.7 |  |  | 57.3 |  |  |  |
| United Kingdom |  | 33.6 |  |  | 36.7 |  |  |  |
| Canada |  | 3.4 |  |  | 3.6 |  |  |  |
| France |  | 1.0 |  |  | 1.0 |  |  |  |
| Asia Pacific |  | 0.3 |  |  | 0.3 |  |  |  |
|  |  | $ | 93.0 |  |  | $ | 98.9 |  |  |  |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table presents a reconciliation of Adjusted EBITDA to net income / (loss):
|  | Second Quarter |  |  |  | Year-to-date |  |  |
| In millions | 2020 |  | 2019 |  | 2020 |  | 2019 |
| Adjusted EBITDA | $ | 10.4 |  |  | $ | 20.2 |  |  | $ | 25.5 |  |  | $ | 38.7 |  |
| Other share-based compensation charges | (0.8) |  |  | (0.8) |  |  | (1.3) |  |  | (3.4) |  |
| Depreciation and amortization | (3.6) |  |  | (4.0) |  |  | (7.2) |  |  | (7.7) |  |
| Unwind discount on deferred consideration | — |  |  | (0.1) |  |  | — |  |  | (0.1) |  |
| Restructuring charges | (0.8) |  |  | (12.7) |  |  | (3.6) |  |  | (21.7) |  |
| Impairment charges | — |  |  | — |  |  | — |  |  | 0.2 |  |
| Acquisition and disposal related gains / (costs) | — |  |  | 2.9 |  |  | (0.2) |  |  | (1.7) |  |
| Defined benefits pension credit | 1.1 |  |  | 0.5 |  |  | 2.2 |  |  | 1.1 |  |
| Interest expense, net | (1.1) |  |  | (1.1) |  |  | (2.3) |  |  | (2.2) |  |
| Provision for income taxes | (1.1) |  |  | (1.4) |  |  | (2.8) |  |  | (3.5) |  |
| Net income / (loss) | $ | 4.1 |  |  | $ | 3.5 |  |  | $ | 10.3 |  |  | $ | (0.3) |  |
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 June 28, 2020, and June 30, 2019:
|  | Net Sales(1) |  |  |  |  |  |  |  |  |  |  |
|  | Second Quarter |  |  |  |  |  | Year-to-date |  |  |  |  |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |  |
|  | $M | Percent |  | $M | Percent |  | $M | Percent |  | $M | Percent |
| United States | $ | 50.2 |  | 56.1 | % |  | $ | 63.0 |  | 54.0 | % |  | $ | 109.9 |  | 56.8 | % |  | $ | 124.4 |  | 52.5 | % |
| U.K. | 5.7 |  | 6.4 | % |  | 9.1 |  | 7.8 | % |  | 13.1 |  | 6.8 | % |  | 20.6 |  | 8.7 | % |
| France | 4.5 |  | 5.0 | % |  | 4.2 |  | 3.6 | % |  | 9.1 |  | 4.7 | % |  | 9.4 |  | 4.0 | % |
| Italy | 4.4 |  | 4.9 | % |  | 5.2 |  | 4.5 | % |  | 8.8 |  | 4.6 | % |  | 11.7 |  | 4.9 | % |
| Germany | 4.4 |  | 4.9 | % |  | 5.8 |  | 5.0 | % |  | 8.0 |  | 4.1 | % |  | 14.0 |  | 5.9 | % |
| Top five countries | $ | 69.2 |  | 77.3 | % |  | $ | 87.3 |  | 74.9 | % |  | $ | 148.9 |  | 77.0 | % |  | $ | 180.1 |  | 76.0 | % |
| Rest of Europe | 5.3 |  | 5.9 | % |  | 10.1 |  | 8.7 | % |  | 12.4 |  | 6.4 | % |  | 21.9 |  | 9.2 | % |
| Asia Pacific | 10.5 |  | 11.8 | % |  | 12.7 |  | 10.9 | % |  | 22.0 |  | 11.4 | % |  | 24.3 |  | 10.3 | % |
| Other (2) | 4.5 |  | 5.0 | % |  | 6.4 |  | 5.5 | % |  | 10.0 |  | 5.2 | % |  | 10.6 |  | 4.5 | % |
|  | $ | 89.5 |  |  |  | $ | 116.5 |  |  |  | $ | 193.3 |  |  |  | $ | 236.9 |  |  |
(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=120311839&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=120311839&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=120311839&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=120311839&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=120395209&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=120311839&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=120311839&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=120311839&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