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Segment Information
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
We classify our operations into two core business segments, Gas Cylinders and Elektron, based primarily on shared economic characteristics for the nature of the products and services; the nature of the production processes; the type or class of customer for their products and services; the methods used to distribute their products or provide their services; and the nature of the regulatory environment. The Company has four identified business units, which aggregate into the two reportable segments. Luxfer Gas Cylinders forms the Gas Cylinders segment, and Luxfer MEL Technologies, Luxfer Magtech and Luxfer Graphic Arts aggregate into the Elektron segment. The Superform business unit used to aggregate into the Gas Cylinders segment but is now recognized within discontinued operations. A summary of the operations of the segments is provided below:
Gas Cylinders segment
Our Gas Cylinders segment manufactures and markets specialized highly-engineered cylinders, using composites and aluminum alloys, including pressurized cylinders for use in various applications including self-contained breathing apparatus (SCBA) for firefighters, containment of oxygen and other medical gases for healthcare, alternative fuel vehicles, and general industrial applications.
Elektron segment                                                Our Elektron segment focuses on specialty materials based primarily on magnesium and zirconium, with key product lines including advanced lightweight magnesium alloys with a variety of uses across a variety of industries; magnesium powders for use in countermeasure flares, as well as heater meals; photo-engraving plates for graphic arts; and high-performance zirconium-based materials and oxides used as catalysts and in the manufacture of advances ceramics, fiber-optic fuel cells, and many other performance products.
Other
Other, as used below, primarily represents unallocated corporate expense and includes non-service related defined benefit pension cost / credit.
Management monitors the operating results of its reportable segments separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated by the chief operating decision maker, the CEO, who is responsible for allocating resources and assessing performance of the operating segments, using adjusted EBITA(1) and adjusted EBITDA, which is defined as segment income, and is based on operating income adjusted for share-based compensation charges; loss on disposal of property, plant and equipment; restructuring charges; acquisitions and disposals costs; other charges, and depreciation and amortization.
Unallocated assets and liabilities include those which are held on behalf of the Company and cannot be allocated to a segment, such as taxation, investments, cash, retirement benefits obligations, bank and other loans and holding company assets and liabilities.
Financial information by reportable segment for the years ended December 31 is included in the following summary:
Net SalesAdjusted EBITDA
In millions202220212020202220212020
Gas Cylinders segment$183.7 $178.3 $141.9 $12.8 $22.7 $21.3 
Elektron segment239.7 195.8 182.9 50.3 40.7 32.6 
Consolidated$423.4 $374.1 $324.8 $63.1 $63.4 $53.9 
During 2022 there were no sales made from the Elektron segment to the Gas Cylinders segment (2021:nil and 2020: nil)
Depreciation and amortizationRestructuring Charges
In millions202220212020202220212020
Gas Cylinders segment$4.8 $5.8 $3.7 $1.7 $5.3 $7.9 
Elektron segment8.8 9.8 9.6 0.2 0.9 0.9 
Other segment— — — — — 0.1 
Consolidated$13.6 $15.6 $13.3 $1.9 $6.2 $8.9 
(1) Adjusted EBITA is adjusted EBITDA less depreciation and loss on disposal of property, plant and equipment.
17.    Segment Information (continued)
Total assetsCapital expenditure
In millions20222021202220212020
Gas Cylinders segment$133.1 $122.7 $1.2 $1.0 $2.0 
Elektron segment216.4 206.5 7.4 7.9 5.1 
Other49.5 34.8 — — — 
Discontinued operations8.1 4.8 — 0.1 0.3 
$407.1 $368.8 $8.6 $9.0 $7.4 
The following table presents a reconciliation of Adjusted EBITDA to net income from continuing operations:
In millions202220212020
Adjusted EBITDA$63.1 $63.4 $53.9 
Share-based compensation charges(2.5)(2.8)(2.8)
Loss on disposal of property, plant and equipment— — (0.1)
Depreciation and amortization(13.6)(15.6)(13.3)
Restructuring charges(1.9)(6.2)(8.9)
Acquisition and disposal costs(0.3)(1.5)— 
Other charges — (1.1)(0.4)
Defined benefits pension credit0.1 2.3 4.3 
Interest expense, net(3.9)(3.1)(5.0)
Provision for taxes(9.0)(5.4)(6.9)
Net income from continuing operations$32.0 $30.0 $20.8 
Equity loss of unconsolidated affiliates for 2021 relates predominantly to the Gas Cylinders Segment.
The following tables present certain geographic information by geographic region for the years ended December 31:
Net Sales(1)
202220212020
$MPercent$MPercent$MPercent
United States$243.2 57.4 %$207.8 55.6 %$173.0 53.3 %
U.K.20.7 4.9 %24.4 6.6 %18.7 5.8 %
Germany19.2 4.5 %17.7 4.7 %15.7 4.8 %
Italy11.4 2.7 %11.0 2.9 %10.5 3.2 %
France8.5 2.0 %12.5 3.3 %20.2 6.2 %
Top five countries$303.0 71.5 %$273.4 73.1 %$238.1 73.3 %
Rest of Europe28.0 6.6 %25.8 6.9 %25.4 7.8 %
Asia Pacific68.0 16.1 %53.7 14.3 %45.2 13.9 %
Other (2)
24.4 5.8 %21.2 5.7 %16.1 5.0 %
$423.4 $374.1 $324.8 

Property, plant and equipment, net
In millions20222021
United States$41.6 $46.9 
United Kingdom32.0 36.0 
Canada2.83.3
Rest of Europe1.0 1.0 
Asia Pacific0.3 0.3 
$77.7 $87.5 
(1) Net sales are based on the geographic destination of sale.
(2) Other represents Africa, Brazil, Canada, Mexico and Other Americas.