XML 51 R40.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Segmental Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by reportable segment for the Quarters ended March 31, 2024, and April 2, 2023, is included in the following summary:

						Net sales									Adjusted EBITDA
						First Quarter															First Quarter
			In millions			2024						2023																		2024						2023
			Gas Cylinders segment			$	45.4					$	41.5																	$	4.1					$	2.5
			Elektron segment			37.7						52.4																		6.4						9.5
			Graphic Arts segment			6.3						7.4																		(1.7)						(0.7)
			Consolidated			$	89.4					$	101.3																	$	8.8					$	11.3

(1) Adjusted EBITA is adjusted EBITDA less depreciation and loss on disposal of property, plant and equipment.

15.    Segmental Information (continued)

						Depreciation and amortization									Restructuring charges
						First Quarter															First Quarter
			In millions			2024						2023																		2024						2023
			Gas Cylinders segment			$	0.8					$	1.1																	$	0.5					$	0.3
			Elektron segment			1.6						1.7																		0.2						—
			Graphic Arts segment			—						0.5																		—						—
			Consolidated			$	2.4					$	3.3																	$	0.7					$	0.3

						Total assets												Capital expenditures
						March 31,						December 31,												First Quarter
			In millions			2024						2023												2024						2023
			Gas Cylinders segment			$	137.8					$	131.0											$	0.8					$	0.3
			Elektron segment			167.3						162.4												0.7						1.6
			Graphic Arts segment			19.0						19.6												—						0.1
			Other			54.3						51.3												—						—
			Discontinued operations			7.6						7.8												—						(0.1)
			Consolidated			$	386.0					$	372.1											$	1.5					$	1.9

Property, Plant and Equipment, Net by Geographic Region

						Property, plant and equipment, net
						First Quarter						December 31,
			In millions			2024						2023
			U.S.			$	26.3					$	26.8
			United Kingdom			32.1						32.8
			Canada			3.0						2.9
			Rest of Europe			1.0						1.0
			Asia Pacific			0.3						0.3
						$	62.7					$	63.8

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table presents a reconciliation of Adjusted EBITDA to net income from continuing operations:

						First Quarter
			In millions			2024						2023
			Adjusted EBITDA			$	8.8					$	11.3
			Other share-based compensation charges			(0.6)						(0.6)
			Depreciation and amortization			(2.4)						(3.3)
			Restructuring charges			(0.7)						(0.3)
			Acquisition and disposal related costs			(0.2)						—
			Defined benefits pension credit / (charge)			0.3						(8.9)
			Interest expense, net			(1.4)						(1.3)
			Net income / (loss) before income taxes from continuing operations			$	3.8					$	(3.1)

Revenue from External Customers and Long-term Assets by Geographic Areas

The following tables present certain geographic information by geographic region for the First Quarter ended March 31, 2024, and April 2, 2023:

						Net Sales(1)
						First Quarter
						2024									2023
						$M			Percent						$M			Percent
			United States			$	53.2		59.6		%				$	57.7		57.0		%
			Germany			5.4			6.0		%				6.3			6.2		%
			U.K.			4.3			4.8		%				5.6			5.5		%
			Canada			4.0			4.5		%				1.8			1.8		%
			Japan			3.7			4.1		%				4.5			4.4		%
			Top five countries			$	70.6		79.0		%				$	75.9		74.9		%
			Rest of Europe			12.1			13.5		%				13.0			12.8		%
			Asia Pacific			3.6			4.0		%				9.1			9.0		%
			Other (2)			3.1			3.5		%				3.3			3.3		%
						$	89.4								$	101.3

(1) Net sales are based on the geographic destination of sale.

(2) Other includes South America, Latin America the Middle East 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
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph b
-SubTopic 10
-Topic 280
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

+ 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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ 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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

+ 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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ 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