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Segments (Tables)
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

The following table shows information by reportable segment for the three and nine months ended September 30, 2021 and 2020:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

190.6

 

 

$

150.7

 

 

$

516.0

 

 

$

456.5

 

EURAF

 

 

150.0

 

 

 

154.7

 

 

 

485.3

 

 

 

413.1

 

MEAP

 

 

63.9

 

 

 

50.2

 

 

 

221.1

 

 

 

143.5

 

Total

 

$

404.5

 

 

$

355.6

 

 

$

1,222.4

 

 

$

1,013.1

 

Segment Operating
   Income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

15.3

 

 

$

7.5

 

 

$

44.2

 

 

$

21.4

 

EURAF

 

 

(5.4

)

 

 

7.3

 

 

 

6.6

 

 

 

2.5

 

MEAP

 

 

6.5

 

 

 

7.8

 

 

 

23.1

 

 

 

20.7

 

Total

 

$

16.4

 

 

$

22.6

 

 

$

73.9

 

 

$

44.6

 

Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

3.6

 

 

$

3.8

 

 

$

10.9

 

 

$

11.8

 

EURAF

 

 

4.9

 

 

 

4.1

 

 

 

14.8

 

 

 

11.8

 

MEAP

 

 

0.6

 

 

 

0.5

 

 

 

1.6

 

 

 

1.5

 

Corporate

 

 

0.7

 

 

 

0.8

 

 

 

2.2

 

 

 

2.2

 

Total

 

$

9.8

 

 

$

9.2

 

 

$

29.5

 

 

$

27.3

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

2.9

 

 

$

0.9

 

 

$

5.8

 

 

$

2.4

 

EURAF

 

 

3.7

 

 

 

5.6

 

 

 

15.4

 

 

 

12.0

 

MEAP

 

 

0.3

 

 

 

0.8

 

 

 

1.0

 

 

 

0.9

 

Corporate

 

 

 

 

 

 

 

 

0.1

 

 

 

 

Total

 

$

6.9

 

 

$

7.3

 

 

$

22.3

 

 

$

15.3

 

 

Schedule of Reconciliation of the Company's Segment Operating Income

A reconciliation of the Company’s segment operating income to operating income in the Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2021 and 2020 are summarized as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Segment operating income

 

$

16.4

 

 

$

22.6

 

 

$

73.9

 

 

$

44.6

 

Unallocated corporate expenses

 

 

(9.1

)

 

 

(7.2

)

 

 

(29.2

)

 

 

(25.1

)

Unallocated restructuring
   expense

 

 

 

 

 

(3.7

)

 

 

 

 

 

(3.7

)

Total operating income

 

$

7.3

 

 

$

11.7

 

 

$

44.7

 

 

$

15.8

 

Schedule of Net Sales by Geographic Area

Net sales by geographic area for the three and nine months ended September 30, 2021 and 2020 are summarized as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

United States

 

$

158.7

 

 

$

135.2

 

 

$

445.2

 

 

$

411.4

 

Europe

 

 

147.4

 

 

 

150.8

 

 

 

472.3

 

 

 

403.8

 

Other

 

 

98.4

 

 

 

69.6

 

 

 

304.9

 

 

 

197.9

 

Total net sales

 

$

404.5

 

 

$

355.6

 

 

$

1,222.4

 

 

$

1,013.1

 

Schedule of Net Sales By Product

Net sales by product for the three and nine months ended September 30, 2021 and 2020 are summarized as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

New equipment sales

 

$

304.2

 

 

$

260.2

 

 

$

898.6

 

 

$

737.9

 

Used equipment sales,
   aftermarket parts and
   other sales*

 

 

100.3

 

 

 

95.4

 

 

 

323.8

 

 

 

275.2

 

Total net sales

 

$

404.5

 

 

$

355.6

 

 

$

1,222.4

 

 

$

1,013.1

 

*Other sales consist of miscellaneous services such as training and field service work.