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v3.21.2

Segmental Information (Tables) | 6 Months Ended
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Jun. 27, 2021
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 27, 2021, and June 28, 2020, is included in the following summary:
|  | Net sales |  | Adjusted EBITDA |
|  | Second Quarter |  | Year-to-date |  | Second Quarter |  | Year-to-date |
| In millions | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020 |
| Gas Cylinders segment | $ | 46.5 |  |  | $ | 37.5 |  |  | $ | 82.7 |  |  | $ | 74.7 |  |  | $ | 5.3 |  |  | $ | 5.3 |  |  | $ | 11.3 |  |  | $ | 9.5 |  |
| Elektron segment | 52.5 |  |  | 39.1 |  |  | 101.5 |  |  | 90.3 |  |  | 12.0 |  |  | 5.3 |  |  | 23.7 |  |  | 16.9 |  |
| Consolidated | $ | 99.0 |  |  | $ | 76.6 |  |  | $ | 184.2 |  |  | $ | 165.0 |  |  | $ | 17.3 |  |  | $ | 10.6 |  |  | $ | 35.0 |  |  | $ | 26.4 |  |
|  | Depreciation and amortization |  | Restructuring charges |
|  | Second Quarter |  | Year-to-date |  | Second Quarter |  | Year-to-date |
| In millions | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020 |  | 2021 |  | 2020 |
| Gas Cylinders segment | $ | 1.6 |  |  | $ | 0.9 |  |  | $ | 2.5 |  |  | $ | 1.8 |  |  | $ | 0.2 |  |  | $ | 0.8 |  |  | $ | 0.7 |  |  | $ | 3.4 |  |
| Elektron segment | 2.4 |  |  | 2.4 |  |  | 4.9 |  |  | 4.8 |  |  | — |  |  | 0.1 |  |  | 0.9 |  |  | 0.1 |  |
| Other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  | — |  |  | 0.1 |
| Consolidated | $ | 4.0 |  |  | $ | 3.3 |  |  | $ | 7.4 |  |  | $ | 6.6 |  |  | $ | 0.2 |  |  | $ | 0.8 |  |  | $ | 1.6 |  |  | $ | 3.6 |  |
|  | Total assets |  |  | Capital expenditures |
|  | June 27, |  | December 31, |  |  |  | Second Quarter |  | Year-to-date |
| In millions | 2021 |  | 2020 |  |  |  | 2021 |  | 2020 |  | 2021 |  | 2020 |
| Gas Cylinders segment | $ | 125.0 |  |  | $ | 99.7 |  |  |  |  | $ | 0.2 |  |  | $ | 0.5 |  |  | $ | 0.5 |  |  | $ | 1.0 |  |
| Elektron segment | 197.3 |  |  | 189.7 |  |  |  |  | 1.9 |  |  | 1.4 |  |  | 3.1 |  |  | 2.5 |  |
| Other | 33.0 |  |  | 24.7 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |
| Discontinued operations | $ | 16.4 |  |  | $ | 32.3 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |
| Consolidated | $ | 371.7 |  |  | $ | 346.4 |  |  |  |  | $ | 2.1 |  |  | $ | 1.9 |  |  | $ | 3.6 |  |  | $ | 3.5 |  |
Property, plant and equipment, net by geographic region |
|  |  | Property, plant and equipment, net |
|  |  | June 27, |  | December 31, |  |  |
| In millions |  | 2021 |  | 2020 |  |  |
| U.S. |  | $ | 49.2 |  |  | $ | 44.3 |  |  |  |
| United Kingdom |  | 36.7 |  |  | 36.6 |  |  |  |
| Canada |  | 3.5 |  |  | 3.7 |  |  |  |
| Rest of Europe |  | 1.1 |  |  | 1.1 |  |  |  |
| Asia Pacific |  | 0.3 |  |  | 0.3 |  |  |
|  |  | $ | 90.8 |  |  | $ | 86.0 |  |  |  |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table presents a reconciliation of Adjusted EBITDA to net income from continuing operations:
|  | Second Quarter |  | Year-to-date |
| In millions | 2021 |  | 2020 |  | 2021 |  | 2020 |
| Adjusted EBITDA | $ | 17.3 |  |  | $ | 10.6 |  |  | $ | 35.0 |  |  | $ | 26.4 |  |
| Other share-based compensation charges | (0.9) |  |  | (0.8) |  |  | (1.4) |  |  | (1.3) |  |
| Depreciation and amortization | (4.0) |  |  | (3.3) |  |  | (7.4) |  |  | (6.6) |  |
| Restructuring charges | (0.2) |  |  | (0.8) |  |  | (1.6) |  |  | (3.6) |  |
| Acquisition and disposal related costs | (0.7) |  |  | — |  |  | (0.9) |  |  | (0.2) |  |
| Other charges | — |  |  | — |  |  | (1.1) |  |  | — |  |
| Defined benefits pension credit | 0.6 |  |  | 1.1 |  |  | 1.2 |  |  | 2.2 |  |
| Interest expense, net | (0.8) |  |  | (1.1) |  |  | (1.6) |  |  | (2.3) |  |
| Credit / (provision) for income taxes | 0.6 |  |  | (1.1) |  |  | (1.7) |  |  | (2.8) |  |
| Net income from continuing operations | $ | 11.9 |  |  | $ | 4.6 |  |  | $ | 20.5 |  |  | $ | 11.8 |  |
Revenue from External Customers and Long-term Assets by Geographic Areas | The following tables present certain geographic information by geographic region for the Second Quarter ended June 27, 2021, and June 28, 2020:
|  | Net Sales(1) |
|  | Second Quarter |  | Year-to-date |
|  | 2021 |  | 2020 |  | 2021 |  | 2020 |
|  | $M | Percent |  | $M | Percent |  | $M | Percent |  | $M | Percent |
| United States | $ | 55.7 |  | 56.3 | % |  | $ | 41.2 |  | 53.9 | % |  | $ | 102.4 |  | 55.6 | % |  | $ | 91.5 |  | 55.5 | % |
| U.K. | 5.7 |  | 5.8 | % |  | 4.4 |  | 5.7 | % |  | 11.0 |  | 6.0 | % |  | 9.8 |  | 5.9 | % |
| Germany | 4.4 |  | 4.4 | % |  | 4.4 |  | 5.7 | % |  | 8.1 |  | 4.4 | % |  | 7.9 |  | 4.8 | % |
| France | 3.4 |  | 3.4 | % |  | 4.5 |  | 5.9 | % |  | 6.7 |  | 3.6 | % |  | 9.1 |  | 5.5 | % |
| Italy | 2.4 |  | 2.4 | % |  | 3.4 |  | 4.4 | % |  | 6.0 |  | 3.3 | % |  | 6.2 |  | 3.8 | % |
| Top five countries | $ | 71.6 |  | 72.3 | % |  | $ | 57.9 |  | 75.6 | % |  | $ | 134.2 |  | 72.9 | % |  | $ | 124.5 |  | 75.5 | % |
| Rest of Europe | 7.0 |  | 7.1 | % |  | 5.3 |  | 6.9 | % |  | 14.1 |  | 7.7 | % |  | 12.3 |  | 7.5 | % |
| Asia Pacific | 13.4 |  | 13.5 | % |  | 10.4 |  | 13.6 | % |  | 24.4 |  | 13.2 | % |  | 20.8 |  | 12.5 | % |
| Other (2) | 7.0 |  | 7.1 | % |  | 3.0 |  | 3.9 | % |  | 11.5 |  | 6.2 | % |  | 7.4 |  | 4.5 | % |
|  | $ | 99.0 |  |  |  | $ | 76.6 |  |  |  | $ | 184.2 |  |  |  | $ | 165.0 |  |  |
(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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- 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=123359005&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=123367319&loc=SL114868664-224227 + Details
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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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
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