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Segment Reporting
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s reportable segments are based on the internal reporting used by the Company’s Chief Executive Officer, who is the chief operating decision maker (CODM), to assess operating performance and make decisions about the allocation of resources. The Corporate Unallocated and Japan category includes non-reportable segments, as well as research and development and general and administrative costs, that the Company does not allocate directly to its operating segments.
Intercompany transactions primarily relate to intercontinental activity and have been eliminated and are excluded from the reported amounts. The difference between income from operations and pre-tax income relates to foreign currency-related gains and losses and interest income on cash balances and investments, which are not allocated to business segments.
Revenue and income from operations by reportable segment for the three and six months ended June 30, 2024 and 2023 were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(dollars in thousands)2024202320242023
Revenue:
United States$98,541 $96,321 $200,022 $194,067 
Europe27,090 25,944 53,499 54,057 
Total revenue$125,631 $122,265 $253,521 $248,124 
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2024202320242023
Income (Loss) from Operations:
United States$24,241 $22,053 $50,573 $42,534 
Europe(1,732)(3,380)(4,176)(5,863)
Corporate Unallocated and Japan(16,510)(13,065)(33,571)(27,314)
Total Income from Operations$5,999 $5,608 $12,826 $9,357 
Total long-lived assets at June 30, 2024 and December 31, 2023 were as follows:
(in thousands)June 30,
2024
December 31,
2023
Total long-lived assets:
United States$192,873 $201,388 
Europe50,837 52,267 
Total Long-lived Assets$243,710 $253,655 
Revenue by product line for the three and six months ended June 30, 2024 and 2023 were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(dollars in thousands)2024202320242023
Revenue:
Injection Molding$49,080 $48,819 $101,743 $100,767 
CNC Machining51,239 48,297 101,171 96,401 
3D Printing21,281 21,005 42,863 42,330 
Sheet Metal3,922 3,939 7,475 8,187 
Other Revenue109 205 269 439 
Total Revenue$125,631 $122,265 $253,521 $248,124