Operating Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2019

The following table presents a disaggregation of revenue from contracts with customers and other pertinent financial information, for the periods indicated; inter-segment sales have been eliminated from the net sales data:



(Dollars in thousands)	Advanced Connectivity Solutions		Elastomeric Material Solutions		Power Electronics Solutions			Other		Total
2019
Net sales - recognized over time	$	—	$	12,687	$	197,702		$	18,112	$	228,501
Net sales - recognized at a point in time	$	316,592	$	348,916	$	833		$	3,418	$	669,759
Total net sales	$	316,592	$	361,603	$	198,535		$	21,530	$	898,260
Operating income	$	48,654	$	57,080	$	(1,437	)	$	6,184	$	110,481
Total assets	$	402,398	$	569,484	$	278,763		$	22,536	$	1,273,181
Capital expenditures	$	22,156	$	8,550	$	20,191		$	700	$	51,597
Depreciation & amortization	$	18,267	$	19,887	$	10,260		$	748	$	49,162
Investment in unconsolidated joint ventures	$	—	$	16,461	$	—		$	—	16,461
Equity income in unconsolidated joint ventures	$	—	$	5,319	$	—		$	—	$	5,319
2018
Net sales - recognized over time	$	—	$	5,788	$	221,896		$	16,973	$	244,657
Net sales - recognized at a point in time	$	294,154	$	335,576	$	1,442		$	3,262	$	634,434
Total net sales	$	294,154	$	341,364	$	223,338		$	20,235	$	879,091
Operating income	$	33,827	$	52,502	$	19,648		$	6,734	$	112,711
Total assets	$	396,075	$	588,841	$	273,212		$	21,216	$	1,279,344
Capital expenditures	$	61,425	$	10,917	$	18,051		$	156	$	90,549
Depreciation & amortization	$	20,121	$	18,501	$	10,640		$	811	$	50,073
Investment in unconsolidated joint ventures	$	—	$	18,667	$	—		$	—	$	18,667
Equity income in unconsolidated joint ventures	$	—	$	5,501	$	—		$	—	$	5,501
2017
Total net sales	$	301,092	$	312,661	$	184,954		$	22,336	$	821,043
Operating income	$	55,410	$	50,908	$	15,668		$	7,153	$	129,139
Total assets	$	353,786	$	489,456	$	261,034		$	20,858	$	1,125,134
Capital expenditures	$	9,900	$	7,563	$	9,238		$	514	$	27,215
Depreciation & amortization	$	16,351	$	16,270	$	10,572		$	906	$	44,099
Investment in unconsolidated joint ventures	$	—	$	18,324	$	—		$	—	$	18,324
Equity income in unconsolidated joint ventures	$	—	$	4,898	$	—		$	—	$	4,898

Operating Segment Net Sales by Geographic Area

The following table presents net sales by our operating segment operations by geographic area for the years indicated:



(Dollars in thousands)	Net Sales⁽¹⁾
Region/Country	Advanced Connectivity Solutions		Elastomeric Material Solutions		Power Electronics Solutions		Other		Total
December 31, 2019
United States	$	63,753	$	160,918	$	31,874	$	4,507	$	261,052
Other Americas	3,348		9,208		365		913		13,834
Total Americas	67,101		170,126		32,239		5,420		274,886
China	153,127		95,653		40,391		6,086		295,257
Other APAC	60,457		55,402		23,401		2,920		142,180
Total APAC	213,584		151,055		63,792		9,006		437,437
Germany	15,912		13,702		57,761		573		87,948
Other EMEA	19,995		26,720		44,743		6,531		97,989
Total EMEA	35,907		40,422		102,504		7,104		185,937
Total net sales	$	316,592	$	361,603	$	198,535	$	21,530	$	898,260
December 31, 2018
United States	$	52,661	$	152,284	$	37,325	$	4,527	$	246,797
Other Americas	3,104		14,453		931		773		19,261
Total Americas	55,765		166,737		38,256		5,300		266,058
China	136,315		101,036		39,781		4,959		282,091
Other APAC	63,318		40,788		28,414		2,892		135,412
Total APAC	199,633		141,824		68,195		7,851		417,503
Germany	18,165		9,907		62,359		584		91,015
Other EMEA	20,591		22,896		54,528		6,500		104,515
Total EMEA	38,756		32,803		116,887		7,084		195,530
Total net sales	$	294,154	$	341,364	$	223,338	$	20,235	$	879,091
December 31, 2017
United States	$	48,277	$	141,508	$	30,403	$	5,210	$	225,398
Other Americas	2,946		9,709		1,153		699		14,507
Total Americas	51,223		151,217		31,556		5,909		239,905
China	143,065		93,039		32,164		5,123		273,391
Other APAC	64,077		36,233		21,845		3,421		125,576
Total APAC	207,142		129,272		54,009		8,544		398,967
Germany	23,925		9,211		54,813		657		88,606
Other EMEA	18,802		22,961		44,576		7,226		93,565
Total EMEA	42,727		32,172		99,389		7,883		182,171
Total net sales	$	301,092	$	312,661	$	184,954	$	22,336	$	821,043

⁽¹⁾ Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated.

Our contract assets by operating segment were as follows:



	As of December 31,
(Dollars in thousands)	2019		2018
Advanced Connectivity Solutions	$	—	$	—
Elastomeric Material Solutions	1,077		943
Power Electronics Solutions	19,471		19,738
Other	1,907		2,047
Total contract assets	$	22,455	$	22,728

Revenue and long-lived assets by geographic region

Our long-lived assets⁽¹⁾ by geographic area were as follows:



	As of December 31,
(Dollars in thousands)	2019		2018
United States	$	469,234	$	476,560
China	55,078		58,205
Germany	120,869		113,412
Other	36,942		36,475
Total long-lived assets	$	682,123	$	684,652

⁽¹⁾ Long-lived assets are based on the location of the asset and are comprised of goodwill, other intangible assets and property, plant and equipment. Countries with 10% of more of long-lived assets have been disclosed.