Operating Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

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 Electronics Solutions		Elastomeric Material Solutions		Other		Total
Three Months Ended March 31, 2021
Net sales - recognized over time	$	54,814	$	2,687	$	5,212	$	62,713
Net sales - recognized at a point in time	77,078		89,162		312		166,552
Total net sales	$	131,892	$	91,849	$	5,524	$	229,265
Operating income	$	14,849	$	20,077	$	2,267	$	37,193

Three Months Ended March 31, 2020
Net sales - recognized over time	$	46,401	$	2,827	$	3,650	$	52,878
Net sales - recognized at a point in time	64,873		80,699		360		145,932
Total net sales	$	111,274	$	83,526	$	4,010	$	198,810
Operating income	$	4,778	$	11,517	$	1,180	$	17,475

Net sales by operating segment and by geographic area were as follows:


(Dollars in thousands)	Net Sales(1)
Region/Country	Advanced Electronics Solutions		Elastomeric Material Solutions		Other		Total
Three Months Ended March 31, 2021
United States	$	23,797	$	37,732	$	672	$	62,201
Other Americas	594		2,494		216		3,304
Total Americas	24,391		40,226		888		65,505
China	58,423		27,831		1,393		87,647
Other APAC	23,372		9,288		720		33,380
Total APAC	81,795		37,119		2,113		121,027
Germany	5,163		10,276		134		15,573
Other EMEA	20,543		4,228		2,389		27,160
Total EMEA	25,706		14,504		2,523		42,733
Total net sales	$	131,892	$	91,849	$	5,524	$	229,265
Three Months Ended March 31, 2020
United States	$	22,625	$	38,567	$	979	$	62,171
Other Americas	1,053		2,449		311		3,813
Total Americas	23,678		41,016		1,290		65,984
China	32,933		18,375		225		51,533
Other APAC	19,679		12,953		548		33,180
Total APAC	52,612		31,328		773		84,713
Germany	16,729		3,634		149		20,512
Other EMEA	18,255		7,548		1,798		27,601
Total EMEA	34,984		11,182		1,947		48,113
Total net sales	$	111,274	$	83,526	$	4,010	$	198,810

(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.

Contract assets by operating segment were as follows:


(Dollars in thousands)	March 31, 2021		December 31, 2020
Advanced Electronics Solutions	$	27,486	$	24,199
Elastomeric Material Solutions	1,102		887
Other	2,348		1,489
Total contract assets	$	30,936	$	26,575