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v3.22.2.2

Segments (Tables) | 9 Months Ended
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Sep. 30, 2022
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, 2022 and 2021:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 238.5 |  |  | $ | 190.6 |  |  | $ | 680.6 |  |  | $ | 516.0 |
EURAF |  |  | 160.3 |  |  |  | 150.0 |  |  |  | 548.5 |  |  |  | 485.3 |
MEAP |  |  | 55.9 |  |  |  | 63.9 |  |  |  | 181.8 |  |  |  | 221.1 |
Total |  | $ | 454.7 |  |  | $ | 404.5 |  |  | $ | 1,410.9 |  |  | $ | 1,222.4 |
Segment Operating Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 22.2 |  |  | $ | 15.3 |  |  | $ | 46.4 |  |  | $ | 44.2 |
EURAF |  |  | (14.2 | ) |  |  | (5.4 | ) |  |  | (2.2 | ) |  |  | 6.6 |
MEAP |  |  | 7.5 |  |  |  | 6.5 |  |  |  | 28.6 |  |  |  | 23.1 |
Total |  | $ | 15.5 |  |  | $ | 16.4 |  |  | $ | 72.8 |  |  | $ | 73.9 |
Depreciation |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 8.6 |  |  | $ | 3.6 |  |  | $ | 27.6 |  |  | $ | 10.9 |
EURAF |  |  | 4.8 |  |  |  | 4.9 |  |  |  | 14.8 |  |  |  | 14.8 |
MEAP |  |  | 0.4 |  |  |  | 0.6 |  |  |  | 1.7 |  |  |  | 1.6 |
Corporate |  |  | 0.7 |  |  |  | 0.7 |  |  |  | 2.1 |  |  |  | 2.2 |
Total |  | $ | 14.5 |  |  | $ | 9.8 |  |  | $ | 46.2 |  |  | $ | 29.5 |
Capital Expenditures |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 8.1 |  |  | $ | 2.9 |  |  | $ | 13.3 |  |  | $ | 5.8 |
EURAF |  |  | 6.5 |  |  |  | 3.7 |  |  |  | 16.9 |  |  |  | 15.4 |
MEAP |  |  | 0.4 |  |  |  | 0.3 |  |  |  | 1.6 |  |  |  | 1.0 |
Corporate |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |
Total |  | $ | 15.0 |  |  | $ | 6.9 |  |  | $ | 31.8 |  |  | $ | 22.3 |
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 Statements of Operations for the three and nine months ended September 30, 2022 and 2021 are summarized as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Segment operating income |  | $ | 15.5 |  |  | $ | 16.4 |  |  | $ | 72.8 |  |  | $ | 73.9 |
Unallocated corporate expenses |  |  | (7.9 | ) |  |  | (9.1 | ) |  |  | (29.3 | ) |  |  | (29.2 | )
Total operating income |  | $ | 7.6 |  |  | $ | 7.3 |  |  | $ | 43.5 |  |  | $ | 44.7 |
Schedule of Net Sales by Geographic Area | Net sales by geographic area for the three and nine months ended September 30, 2022 and 2021 are summarized as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
United States |  | $ | 218.8 |  |  | $ | 158.7 |  |  | $ | 610.0 |  |  | $ | 445.2 |
Europe |  |  | 157.7 |  |  |  | 147.4 |  |  |  | 532.8 |  |  |  | 472.3 |
Other |  |  | 78.2 |  |  |  | 98.4 |  |  |  | 268.1 |  |  |  | 304.9 |
Total net sales |  | $ | 454.7 |  |  | $ | 404.5 |  |  | $ | 1,410.9 |  |  | $ | 1,222.4 |
Schedule of Net Sales By Product | New machine and non-new machine sales for the three and nine months ended September 30, 2022 and 2021 are summarized as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
New machine sales |  | $ | 327.1 |  |  | $ | 304.2 |  |  | $ | 1,014.8 |  |  | $ | 898.6 |
Non-new machine sales |  |  | 127.6 |  |  |  | 100.3 |  |  |  | 396.1 |  |  |  | 323.8 |
Total net sales |  | $ | 454.7 |  |  | $ | 404.5 |  |  | $ | 1,410.9 |  |  | $ | 1,222.4 |

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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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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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