Operating Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Reportable segment information

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
December 31, 2020
Net sales - recognized over time	$	902	$	10,614	$	189,140	$	14,451	$	215,107
Net sales - recognized at a point in time	$	267,797	$	317,563	$	840	$	1,276	$	587,476
Total net sales	$	268,699	$	328,177	$	189,980	$	15,727	$	802,583
Operating income (loss)	$	38,202	$	30,817	$	(6,179)	$	4,494	$	67,334
Total assets	$	407,667	$	504,199	$	338,419	$	13,720	$	1,264,005
Capital expenditures	$	11,849	$	16,214	$	11,840	$	482	$	40,385
Depreciation & amortization	$	13,762	$	47,159	$	9,831	$	673	$	71,425
Investment in unconsolidated joint ventures	$	—	$	15,248	$	—	$	—	15,248
Equity income in unconsolidated joint ventures	$	—	$	4,877	$	—	$	—	$	4,877
December 31, 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 (loss)	$	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
December 31, 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

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, 2020
United States	$	66,411	$	128,347	$	24,411	$	3,679	$	222,848
Other Americas	2,639		8,437		304		682		12,062
Total Americas	69,050		136,784		24,715		4,361		234,910
China	115,454		108,161		37,843		2,859		264,317
Other APAC	51,742		43,364		19,088		2,162		116,356
Total APAC	167,196		151,525		56,931		5,021		380,673
Germany	11,452		19,118		59,429		410		90,409
Other EMEA	21,001		20,750		48,905		5,935		96,591
Total EMEA	32,453		39,868		108,334		6,345		187,000
Total net sales	$	268,699	$	328,177	$	189,980	$	15,727	$	802,583
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

(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)	2020		2019
Advanced Connectivity Solutions	$	750	$	—
Elastomeric Material Solutions	887		1,077
Power Electronics Solutions	23,449		19,471
Other	1,489		1,907
Total contract assets	$	26,575	$	22,455

Schedule of long-lived assets by geographic region

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

	As of December 31,
(Dollars in thousands)	2020		2019
United States	$	432,497	$	469,234
China	48,850		55,078
Germany	133,168		120,869
Other	46,061		36,942
Total long-lived assets	$	660,576	$	682,123

(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.