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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.

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