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Operating Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of 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 Electronics SolutionsElastomeric Material SolutionsOtherTotal
Three Months Ended June 30, 2022
Net sales - recognized over time$70,636 $2,698 $4,280 $77,614 
Net sales - recognized at a point in time70,529 102,392 1,435 174,356 
Total net sales$141,165 $105,090 $5,715 $251,970 
Operating income$8,775 $12,601 $2,020 $23,396 
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 time83,178 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 
Six Months Ended June 30, 2022
Net sales - recognized over time$141,122 $5,744 $8,653 $155,519 
Net sales - recognized at a point in time133,196 209,586 1,935 344,717 
Total net sales$274,318 $215,330 $10,588 $500,236 
Operating income$10,079 $29,598 $3,610 $43,287 
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 time160,256 174,735 700 335,691 
Total net sales$272,318 $181,180 $10,673 $464,171 
Operating income$33,137 $35,714 $4,087 $72,938 
Net sales by operating segment and by geographic area were as follows:
(Dollars in thousands)
Net Sales(1)
Region/CountryAdvanced Electronics SolutionsElastomeric Material SolutionsOtherTotal
Three Months Ended June 30, 2022
United States$31,731 $44,179 $1,145 $77,055 
Other Americas998 2,429 199 3,626 
Total Americas32,729 46,608 1,344 80,681 
China41,243 31,398 1,944 74,585 
Other APAC23,382 6,529 762 30,673 
Total APAC64,625 37,927 2,706 105,258 
Germany17,373 7,736 211 25,320 
Other EMEA26,438 12,819 1,454 40,711 
Total EMEA43,811 20,555 1,665 66,031 
Total net sales$141,165 $105,090 $5,715 $251,970 
Three Months Ended June 30, 2021
United States$21,824 $40,666 $1,353 $63,843 
Other Americas790 2,815 171 3,776 
Total Americas22,614 43,481 1,524 67,619 
China49,841 27,427 1,026 78,294 
Other APAC25,432 5,410 648 31,490 
Total APAC75,273 32,837 1,674 109,784 
Germany21,651 5,889 217 27,757 
Other EMEA20,888 7,124 1,734 29,746 
Total EMEA42,539 13,013 1,951 57,503 
Total net sales$140,426 $89,331 $5,149 $234,906 
(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/CountryAdvanced Electronics SolutionsElastomeric Material SolutionsOtherTotal
Six Months Ended June 30, 2022
United States$60,938 $89,568 $1,988 $152,494 
Other Americas1,971 5,016 367 7,354 
Total Americas62,909 94,584 2,355 159,848 
China77,322 62,385 3,758 143,465 
Other APAC43,479 13,245 1,270 57,994 
Total APAC120,801 75,630 5,028 201,459 
Germany37,926 16,474 481 54,881 
Other EMEA52,682 28,642 2,724 84,048 
Total EMEA90,608 45,116 3,205 138,929 
Total net sales$274,318 $215,330 $10,588 $500,236 
Six Months Ended June 30, 2021
United States$45,621 $78,398 $2,025 $126,044 
Other Americas1,384 5,309 387 7,080 
Total Americas47,005 83,707 2,412 133,124 
China108,264 55,258 2,419 165,941 
Other APAC48,804 14,698 1,368 64,870 
Total APAC157,068 69,956 3,787 230,811 
Germany26,814 16,165 351 43,330 
Other EMEA41,431 11,352 4,123 56,906 
Total EMEA68,245 27,517 4,474 100,236 
Total net sales$272,318 $181,180 $10,673 $464,171 
Contract assets by operating segment were as follows:
(Dollars in thousands)June 30, 2022December 31, 2021
Advanced Electronics Solutions$32,653 $31,398 
Elastomeric Material Solutions2,080 2,082 
Other3,640 3,130 
Total contract assets$38,373 $36,610