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v3.22.2.2

Segmental Information (Tables) | 9 Months Ended
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Sep. 25, 2022
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 25, 2022, and September 26, 2021, is included in the following summary:
|  | Net sales |  | Adjusted EBITDA |
|  | Third Quarter |  | Year-to-date |  | Third Quarter |  | Year-to-date |
| In millions | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021 |
| Gas Cylinders segment | $ | 43.4 |  |  | $ | 45.6 |  |  | $ | 131.9 |  |  | $ | 128.3 |  |  | $ | 3.4 |  |  | $ | 5.4 |  |  | $ | 9.8 |  |  | $ | 16.7 |  |
| Elektron segment | 56.8 |  |  | 45.6 |  |  | 174.8 |  |  | 147.1 |  |  | 12.7 |  |  | 8.4 |  |  | 39.3 |  |  | 32.1 |  |
| Consolidated | $ | 100.2 |  |  | $ | 91.2 |  |  | $ | 306.7 |  |  | $ | 275.4 |  |  | $ | 16.1 |  |  | $ | 13.8 |  |  | $ | 49.1 |  |  | $ | 48.8 |  |
|  | Depreciation and amortization |  | Restructuring charges |
|  | Third Quarter |  | Year-to-date |  | Third Quarter |  | Year-to-date |
| In millions | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2022 |  | 2021 |
| Gas Cylinders segment | $ | 1.2 |  |  | $ | 1.4 |  |  | $ | 3.8 |  |  | $ | 3.9 |  |  | $ | 0.3 |  |  | $ | 0.5 |  |  | $ | 1.8 |  |  | $ | 1.1 |  |
| Elektron segment | 2.1 |  |  | 2.4 |  |  | 6.6 |  |  | 7.3 |  |  | — |  |  | — |  |  | 0.2 |  |  | 1.0 |  |
| Consolidated | $ | 3.3 |  |  | $ | 3.8 |  |  | $ | 10.4 |  |  | $ | 11.2 |  |  | $ | 0.3 |  |  | $ | 0.5 |  |  | $ | 2.0 |  |  | $ | 2.1 |  |
14. Segmental Information (continued)
|  | Total assets |  |  | Capital expenditures |
|  | September 25, |  | December 31, |  |  |  | Third Quarter |  | Year-to-date |
| In millions | 2022 |  | 2021 |  |  |  | 2022 |  | 2021 |  | 2022 |  | 2021 |
| Gas Cylinders segment | $ | 131.0 |  |  | $ | 122.7 |  |  |  |  | $ | 0.4 |  |  | $ | 0.2 |  |  | $ | 0.8 |  |  | $ | 0.7 |  |
| Elektron segment | 213.1 |  |  | 206.5 |  |  |  |  | 2.1 |  |  | 1.8 |  |  | 4.7 |  |  | 4.9 |  |
| Other | 40.4 |  |  | 34.8 |  |  |  |  | — |  |  | — |  |  | — |  |  | — |  |
| Discontinued operations | $ | 7.9 |  |  | $ | 4.8 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |
| Consolidated | $ | 392.4 |  |  | $ | 368.8 |  |  |  |  | $ | 2.5 |  |  | $ | 2.0 |  |  | $ | 5.5 |  |  | $ | 5.6 |  |
Property, Plant and Equipment, Net by Geographic Region |
|  | Property, plant and equipment, net |
|  | September 25, |  | December 31, |  |  |
| In millions | 2022 |  | 2021 |  |  |
| U.S. | $ | 42.2 |  |  | $ | 46.9 |  |  |  |
| United Kingdom | 28.8 |  |  | 36.0 |  |  |  |
| Canada | 2.9 |  |  | 3.3 |  |  |  |
| Rest of Europe | 0.9 |  |  | 1.0 |  |  |  |
| Asia Pacific | 0.2 |  |  | 0.3 |  |  |  |
|  | $ | 75.0 |  |  | $ | 87.5 |  |  |  |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The following table presents a reconciliation of Adjusted EBITDA to net income from continuing operations:
|  | Third Quarter |  | Year-to-date |
| In millions | 2022 |  | 2021 |  | 2022 |  | 2021 |
| Adjusted EBITDA | $ | 16.1 |  |  | $ | 13.8 |  |  | $ | 49.1 |  |  | $ | 48.8 |  |
| Other share-based compensation charges | (0.9) |  |  | (0.8) |  |  | (1.8) |  |  | (2.2) |  |
| Depreciation and amortization | (3.3) |  |  | (3.8) |  |  | (10.4) |  |  | (11.2) |  |
| Gain on disposal of property, plant and equipment | — |  |  | — |  |  | 0.2 |  |  | — |  |
| Restructuring charges | (0.3) |  |  | (0.5) |  |  | (2.0) |  |  | (2.1) |  |
| Acquisition and disposal related costs | — |  |  | (0.6) |  |  | (0.3) |  |  | (1.5) |  |
| Other charges | — |  |  | — |  |  | — |  |  | (1.1) |  |
| Defined benefits pension credit | 0.2 |  |  | 0.6 |  |  | 0.9 |  |  | 1.8 |  |
| Interest expense, net | (1.0) |  |  | (0.8) |  |  | (2.7) |  |  | (2.4) |  |
| Net income before income taxes from continuing operations | $ | 10.8 |  |  | $ | 7.9 |  |  | $ | 33.0 |  |  | $ | 30.1 |  |
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 25, 2022, and September 26, 2021:
|  | Net Sales(1) |
|  | Third Quarter |  | Year-to-date |
|  | 2022 |  | 2021 |  | 2022 |  | 2021 |
|  | $M | Percent |  | $M | Percent |  | $M | Percent |  | $M | Percent |
| United States | $ | 57.0 |  | 56.8 | % |  | $ | 49.4 |  | 54.2 | % |  | $ | 174.0 |  | 56.8 | % |  | $ | 151.8 |  | 55.1 | % |
| U.K. | 4.6 |  | 4.6 | % |  | 6.5 |  | 7.1 | % |  | 16.0 |  | 5.2 | % |  | 17.5 |  | 6.4 | % |
| Germany | 4.4 |  | 4.4 | % |  | 5.1 |  | 5.6 | % |  | 15.3 |  | 5.0 | % |  | 13.2 |  | 4.8 | % |
| France | 1.8 |  | 1.8 | % |  | 2.6 |  | 2.9 | % |  | 6.7 |  | 2.2 | % |  | 9.3 |  | 3.4 | % |
| Italy | 2.5 |  | 2.5 | % |  | 3.5 |  | 3.8 | % |  | 8.4 |  | 2.7 | % |  | 9.5 |  | 3.4 | % |
| Top five countries | $ | 70.3 |  | 70.1 | % |  | $ | 67.1 |  | 73.6 | % |  | $ | 220.4 |  | 71.9 | % |  | $ | 201.3 |  | 73.1 | % |
| Rest of Europe | 6.7 |  | 6.7 | % |  | 4.9 |  | 5.4 | % |  | 19.1 |  | 6.2 | % |  | 19.0 |  | 6.9 | % |
| Asia Pacific | 18.3 |  | 18.3 | % |  | 13.7 |  | 15.0 | % |  | 50.7 |  | 16.5 | % |  | 38.1 |  | 13.8 | % |
| Other (2) | 4.9 |  | 4.9 | % |  | 5.5 |  | 6.0 | % |  | 16.5 |  | 5.4 | % |  | 17.0 |  | 6.2 | % |
|  | $ | 100.2 |  |  |  | $ | 91.2 |  |  |  | $ | 306.7 |  |  |  | $ | 275.4 |  |  |
(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 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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