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v3.23.1

Segments (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Information by Reportable Segment | The following table shows information by reportable segment for the three months ended March 31, 2023 and 2022:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Net Sales |  |  |  |  |  |
Americas |  | $ | 264.4 |  |  | $ | 215.9 |
EURAF |  |  | 178.2 |  |  |  | 179.2 |
MEAP |  |  | 65.7 |  |  |  | 63.9 |
Total |  | $ | 508.3 |  |  | $ | 459.0 |
Segment Operating Income |  |  |  |  |  |
Americas |  | $ | 28.5 |  |  | $ | 5.8 |
EURAF |  |  | 3.6 |  |  |  | 11.4 |
MEAP |  |  | 8.6 |  |  |  | 13.1 |
Total |  | $ | 40.7 |  |  | $ | 30.3 |
Depreciation |  |  |  |  |  |
Americas |  | $ | 7.2 |  |  | $ | 9.7 |
EURAF |  |  | 5.4 |  |  |  | 5.1 |
MEAP |  |  | 0.6 |  |  |  | 0.6 |
Corporate |  |  | 0.7 |  |  |  | 0.7 |
Total |  | $ | 13.9 |  |  | $ | 16.1 |
Capital Expenditures |  |  |  |  |  |
Americas |  | $ | 4.4 |  |  | $ | 2.6 |
EURAF |  |  | 4.7 |  |  |  | 5.6 |
MEAP |  |  | 1.5 |  |  |  | 0.5 |
Corporate |  |  | — |  |  |  | — |
Total |  | $ | 10.6 |  |  | $ | 8.7 |
Schedule of Reconciliation of the Company's Segment Operating Income | A reconciliation of the Company’s segment operati ng income to operating income in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2023 and 2022 are summarized as follows:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Segment operating income |  | $ | 40.7 |  |  | $ | 30.3 |
Unallocated corporate expenses |  |  | (10.4 | ) |  |  | (12.7 | )
Unallocated restructuring expense |  |  | (0.1 | ) |  |  | — |
Total operating income |  | $ | 30.2 |  |  | $ | 17.6 |
Schedule of Net Sales by Geographic Area | Net sales by geographic area for the three months ended March 31, 2023 and 2022 are summarized as follows:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
United States |  | $ | 213.8 |  |  | $ | 192.1 |
Europe |  |  | 174.4 |  |  |  | 174.2 |
Other |  |  | 120.1 |  |  |  | 92.7 |
Total net sales |  | $ | 508.3 |  |  | $ | 459.0 |
Schedule of Net Sales By Product | New machine and non-new machine sales for the three months ended March 31, 2023 and 2022 are summarized as follows:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
New machine sales |  | $ | 357.3 |  |  | $ | 329.6 |
Non-new machine sales |  |  | 151.0 |  |  |  | 129.4 |
Total net sales |  | $ | 508.3 |  |  | $ | 459.0 |

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