Operating Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

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 Solutions		Elastomeric Material Solutions		Other		Total
Three Months Ended September 30, 2022
Net sales - recognized over time	$	72,969	$	3,346	$	4,110	$	80,425
Net sales - recognized at a point in time	57,639		107,637		1,530		166,806
Total net sales	$	130,608	$	110,983	$	5,640	$	247,231
Operating income	$	2,263	$	14,322	$	1,891	$	18,476

Three Months Ended September 30, 2021
Net sales - recognized over time	$	64,277	$	4,612	$	4,829	$	73,718
Net sales - recognized at a point in time	70,714		93,339		492		164,545
Total net sales	$	134,991	$	97,951	$	5,321	$	238,263
Operating income	$	13,945	$	18,104	$	1,750	$	33,799

Nine Months Ended September 30, 2022
Net sales - recognized over time	$	214,091	$	9,090	$	12,763	$	235,944
Net sales - recognized at a point in time	190,835		317,223		3,465		511,523
Total net sales	$	404,926	$	326,313	$	16,228	$	747,467
Operating income	$	12,342	$	43,920	$	5,501	$	61,763

Nine Months Ended September 30, 2021
Net sales - recognized over time	$	176,339	$	11,057	$	14,802	$	202,198
Net sales - recognized at a point in time	230,970		268,074		1,192		500,236
Total net sales	$	407,309	$	279,131	$	15,994	$	702,434
Operating income	$	47,082	$	53,818	$	5,837	$	106,737

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 September 30, 2022
United States	$	33,969	$	46,772	$	1,087	$	81,828
Other Americas	843		2,534		247		3,624
Total Americas	34,812		49,306		1,334		85,452
China	36,126		37,349		2,290		75,765
Other APAC	16,544		5,173		508		22,225
Total APAC	52,670		42,522		2,798		97,990
Germany	19,727		7,310		393		27,430
Other EMEA	23,399		11,845		1,115		36,359
Total EMEA	43,126		19,155		1,508		63,789
Total net sales	$	130,608	$	110,983	$	5,640	$	247,231
Three Months Ended September 30, 2021
United States	$	22,119	$	42,338	$	1,510	$	65,967
Other Americas	950		2,415		195		3,560
Total Americas	23,069		44,753		1,705		69,527
China	47,153		34,789		1,059		83,001
Other APAC	17,608		6,177		645		24,430
Total APAC	64,761		40,966		1,704		107,431
Germany	24,620		5,892		175		30,687
Other EMEA	22,541		6,340		1,737		30,618
Total EMEA	47,161		12,232		1,912		61,305
Total net sales	$	134,991	$	97,951	$	5,321	$	238,263

(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
Nine Months Ended September 30, 2022
United States	$	94,907	$	136,340	$	3,075	$	234,322
Other Americas	2,814		7,550		614		10,978
Total Americas	97,721		143,890		3,689		245,300
China	113,448		99,734		6,048		219,230
Other APAC	60,023		18,418		1,778		80,219
Total APAC	173,471		118,152		7,826		299,449
Germany	57,653		23,784		874		82,311
Other EMEA	76,081		40,487		3,839		120,407
Total EMEA	133,734		64,271		4,713		202,718
Total net sales	$	404,926	$	326,313	$	16,228	$	747,467
Nine Months Ended September 30, 2021
United States	$	67,740	$	120,736	$	3,535	$	192,011
Other Americas	2,334		7,724		582		10,640
Total Americas	70,074		128,460		4,117		202,651
China	155,417		90,047		3,478		248,942
Other APAC	66,412		20,875		2,013		89,300
Total APAC	221,829		110,922		5,491		338,242
Germany	51,434		22,057		526		74,017
Other EMEA	63,972		17,692		5,860		87,524
Total EMEA	115,406		39,749		6,386		161,541
Total net sales	$	407,309	$	279,131	$	15,994	$	702,434

(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)	September 30, 2022		December 31, 2021
Advanced Electronics Solutions	$	36,015	$	31,398
Elastomeric Material Solutions	2,467		2,082
Other	3,327		3,130
Total contract assets	$	41,809	$	36,610