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v3.20.2

Segmental Information (Tables) | 9 Months Ended
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Sep. 27, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Financial information by reportable segment for the Third Quarter and year-to-date ended September 27, 2020, and September 29, 2019, is included in the following summary:
|  | Net sales |  |  |  |  |  |  |  | Adjusted EBITDA |  |  |  |  |  |  |
|  | Third Quarter |  |  |  | Year-to-date |  |  |  | Third Quarter |  |  |  | Year-to-date |  |  |
| In millions | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |
| Gas Cylinders segment | $ | 45.0 |  |  | $ | 54.2 |  |  | $ | 148.0 |  |  | $ | 170.7 |  |  | $ | 7.6 |  |  | $ | 6.3 |  |  | $ | 16.2 |  |  | $ | 17.9 |  |
| Elektron segment | 45.4 |  |  | 52.9 |  |  | 135.7 |  |  | 173.3 |  |  | 6.6 |  |  | 10.4 |  |  | 23.5 |  |  | 37.5 |  |
| Consolidated | $ | 90.4 |  |  | $ | 107.1 |  |  | $ | 283.7 |  |  | $ | 344.0 |  |  | $ | 14.2 |  |  | $ | 16.7 |  |  | $ | 39.7 |  |  | $ | 55.4 |  |
|  | Depreciation and amortization |  |  |  |  |  |  |  | Restructuring charges |  |  |  |  |  |  |
|  | Third Quarter |  |  |  | Year-to-date |  |  |  | Third Quarter |  |  |  | Year-to-date |  |  |
| In millions | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 |
| Gas Cylinders segment | $ | 1.2 |  |  | $ | 1.3 |  |  | $ | 3.6 |  |  | $ | 4.1 |  |  | $ | 3.4 |  |  | $ | 2.3 |  |  | $ | 6.8 |  |  | $ | 19.5 |  |
| Elektron segment | 2.4 |  |  | 2.3 |  |  | 7.2 |  |  | 7.2 |  |  | 0.9 |  |  | 0.3 |  |  | 1.0 |  |  | 4.8 |  |
| Other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.1 |  |  | — |  |
| Consolidated | $ | 3.6 |  |  | $ | 3.6 |  |  | $ | 10.8 |  |  | $ | 11.3 |  |  | $ | 4.3 |  |  | $ | 2.6 |  |  | $ | 7.9 |  |  | $ | 24.3 |  |
|  | Total assets |  |  |  |  |  | Capital expenditures |  |  |  |  |  |  |
|  | September 27, |  | December 31, |  |  |  | Third Quarter |  |  |  | Year-to-date |  |  |
| In millions | 2020 |  | 2019 |  |  |  | 2020 |  | 2019 |  | 2020 |  | 2019 |
| Gas Cylinders segment | $ | 134.5 |  |  | $ | 156.0 |  |  |  |  | $ | 0.7 |  |  | $ | 0.5 |  |  | $ | 1.7 |  |  | $ | 2.9 |  |
| Elektron segment | 190.5 |  |  | 200.8 |  |  |  |  | 0.9 |  |  | 0.3 |  |  | 3.4 |  |  | 8.2 |  |
| Other | 34.6 |  |  | 33.5 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |
| Consolidated | $ | 359.6 |  |  | $ | 390.3 |  |  |  |  | $ | 1.6 |  |  | $ | 0.8 |  |  | $ | 5.1 |  |  | $ | 11.1 |  |
Property, plant and equipment, net by geographic region |
|  |  | Property, plant and equipment, net |  |  |  |  |
|  |  | September 27, |  | December 31, |  |  |
| In millions |  | 2020 |  | 2019 |  |  |
| United States |  | $ | 53.1 |  |  | $ | 57.3 |  |  |  |
| United Kingdom |  | 34.2 |  |  | 36.7 |  |  |  |
| Canada |  | 3.6 |  |  | 3.6 |  |  |  |
| France |  | 1.1 |  |  | 1.0 |  |  |  |
| Asia Pacific |  | 0.3 |  |  | 0.3 |  |  |  |
|  |  | $ | 92.3 |  |  | $ | 98.9 |  |  |  |
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 | 2020 |  | 2019 |  | 2020 |  | 2019 |
| Adjusted EBITDA | $ | 14.2 |  |  | $ | 16.7 |  |  | $ | 39.7 |  |  | $ | 55.4 |  |
| Other share-based compensation charges | (0.8) |  |  | (0.6) |  |  | (2.1) |  |  | (4.0) |  |
| Depreciation and amortization | (3.6) |  |  | (3.6) |  |  | (10.8) |  |  | (11.3) |  |
| Unwind discount on deferred consideration | — |  |  | (0.1) |  |  | — |  |  | (0.2) |  |
| Restructuring charges | (4.3) |  |  | (2.6) |  |  | (7.9) |  |  | (24.3) |  |
| Impairment charges | — |  |  | — |  |  | — |  |  | 0.2 |  |
| Acquisition and disposal related gains / (costs) | — |  |  | — |  |  | (0.2) |  |  | (1.7) |  |
| Other charges (2) | — |  |  | (2.7) |  |  | — |  |  | (2.7) |  |
| Defined benefits pension credit | 1.1 |  |  | 0.6 |  |  | 3.3 |  |  | 1.7 |  |
| Interest expense, net | (1.2) |  |  | (1.3) |  |  | (3.5) |  |  | (3.5) |  |
| Provision for income taxes | (2.8) |  |  | (0.6) |  |  | (5.6) |  |  | (4.1) |  |
| Net income | $ | 2.6 |  |  | $ | 5.8 |  |  | $ | 12.9 |  |  | $ | 5.5 |  |
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 ended September 27, 2020, and September 29, 2019:
|  | Net Sales(3) |  |  |  |  |  |  |  |  |  |  |
|  | Third Quarter |  |  |  |  |  | Year-to-date |  |  |  |  |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |  |
|  | $M | Percent |  | $M | Percent |  | $M | Percent |  | $M | Percent |
| United States | $ | 49.4 |  | 54.7 | % |  | $ | 58.0 |  | 54.1 | % |  | $ | 159.3 |  | 56.1 | % |  | $ | 182.4 |  | 52.9 | % |
| U.K. | 5.4 |  | 6.0 | % |  | 7.9 |  | 7.4 | % |  | 18.5 |  | 6.5 | % |  | 28.5 |  | 8.3 | % |
| France | 5.0 |  | 5.5 | % |  | 3.5 |  | 3.3 | % |  | 14.1 |  | 5.0 | % |  | 12.9 |  | 3.8 | % |
| Italy | 2.6 |  | 2.9 | % |  | 5.1 |  | 4.8 | % |  | 11.4 |  | 4.0 | % |  | 16.8 |  | 4.9 | % |
| Germany | 3.1 |  | 3.4 | % |  | 4.2 |  | 3.9 | % |  | 11.1 |  | 3.9 | % |  | 18.2 |  | 5.3 | % |
| Top five countries | $ | 65.5 |  | 72.5 | % |  | $ | 78.7 |  | 73.6 | % |  | $ | 214.4 |  | 75.5 | % |  | $ | 258.8 |  | 75.2 | % |
| Rest of Europe | 5.9 |  | 6.5 | % |  | 8.6 |  | 8.0 | % |  | 18.3 |  | 6.5 | % |  | 30.5 |  | 8.9 | % |
| Asia Pacific | 12.5 |  | 13.8 | % |  | 13.0 |  | 12.1 | % |  | 34.5 |  | 12.2 | % |  | 37.3 |  | 10.8 | % |
| Other (4) | 6.5 |  | 7.2 | % |  | 6.8 |  | 6.3 | % |  | 16.5 |  | 5.8 | % |  | 17.4 |  | 5.1 | % |
|  | $ | 90.4 |  |  |  | $ | 107.1 |  |  |  | $ | 283.7 |  |  |  | $ | 344.0 |  |  |
(2) 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. (3) Net sales are based on the geographic destination of sale. (4) Other includes Canada, South America, Latin America and Africa.

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- 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
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