Operating Segment Information (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2021
Net sales - recognized over time	$	57,248	$	3,758	$	4,761	$	65,767
Net sales - recognized at a point in time	83,178		85,573		388		169,139
Total net sales	$	140,426	$	89,331	$	5,149	$	234,906
Operating income	$	18,288	$	15,637	$	1,820	$	35,745

Three Months Ended June 30, 2020
Net sales - recognized over time	$	45,060	$	2,667	$	3,077	$	50,804
Net sales - recognized at a point in time	71,100		68,959		294		140,353
Total net sales	$	116,160	$	71,626	$	3,371	$	191,157
Operating income	$	17,070	$	2,995	$	1,027	$	21,092

Six Months Ended June 30, 2021
Net sales - recognized over time	$	112,062	$	6,445	$	9,973	$	128,480
Net sales - recognized at a point in time	160,256		174,735		700		335,691
Total net sales	$	272,318	$	181,180	$	10,673	$	464,171
Operating income	$	33,137	$	35,714	$	4,087	$	72,938

Six Months Ended June 30, 2020
Net sales - recognized over time	$	91,461	$	5,494	$	6,727	$	103,682
Net sales - recognized at a point in time	135,973		149,658		654		286,285
Total net sales	$	227,434	$	155,152	$	7,381	$	389,967
Operating income	$	21,848	$	14,512	$	2,207	$	38,567

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 June 30, 2021
United States	$	21,824	$	40,666	$	1,353	$	63,843
Other Americas	790		2,815		171		3,776
Total Americas	22,614		43,481		1,524		67,619
China	49,841		27,427		1,026		78,294
Other APAC	25,432		5,410		648		31,490
Total APAC	75,273		32,837		1,674		109,784
Germany	21,651		5,889		217		27,757
Other EMEA	20,888		7,124		1,734		29,746
Total EMEA	42,539		13,013		1,951		57,503
Total net sales	$	140,426	$	89,331	$	5,149	$	234,906
Three Months Ended June 30, 2020
United States	$	22,885	$	30,073	$	707	$	53,665
Other Americas	758		1,668		48		2,474
Total Americas	23,643		31,741		755		56,139
China	44,700		20,159		1,024		65,883
Other APAC	13,439		9,835		453		23,727
Total APAC	58,139		29,994		1,477		89,610
Germany	18,407		4,799		44		23,250
Other EMEA	15,971		5,092		1,095		22,158
Total EMEA	34,378		9,891		1,139		45,408
Total net sales	$	116,160	$	71,626	$	3,371	$	191,157

(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.


(Dollars in thousands)	Net Sales(1)
Region/Country	Advanced Electronics Solutions		Elastomeric Material Solutions		Other		Total
Six Months Ended June 30, 2021
United States	$	45,621	$	78,398	$	2,025	$	126,044
Other Americas	1,384		5,309		387		7,080
Total Americas	47,005		83,707		2,412		133,124
China	108,264		55,258		2,419		165,941
Other APAC	48,804		14,698		1,368		64,870
Total APAC	157,068		69,956		3,787		230,811
Germany	26,814		16,165		351		43,330
Other EMEA	41,431		11,352		4,123		56,906
Total EMEA	68,245		27,517		4,474		100,236
Total net sales	$	272,318	$	181,180	$	10,673	$	464,171
Six Months Ended June 30, 2020
United States	$	45,510	$	68,640	$	1,686	$	115,836
Other Americas	1,811		4,117		359		6,287
Total Americas	47,321		72,757		2,045		122,123
China	77,633		38,534		1,249		117,416
Other APAC	33,118		22,788		1,001		56,907
Total APAC	110,751		61,322		2,250		174,323
Germany	35,136		8,433		193		43,762
Other EMEA	34,226		12,640		2,893		49,759
Total EMEA	69,362		21,073		3,086		93,521
Total net sales	$	227,434	$	155,152	$	7,381	$	389,967

(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)	June 30, 2021		December 31, 2020
Advanced Electronics Solutions	$	25,947	$	24,199
Elastomeric Material Solutions	1,828		887
Other	2,510		1,489
Total contract assets	$	30,285	$	26,575