XML 47 R36.htm IDEA: XBRL DOCUMENT v3.21.2

Segmental Information (Tables)

6 Months Ended

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.

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=123359005&loc=d3e9038-108599

+ Details

Name:	us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=123359005&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=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=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

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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