Operating Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30, 2023
Net sales - recognized over time	$	57,131	$	7,126	$	4,007	$	68,264
Net sales - recognized at a point in time	73,041		88,223		1,293		162,557
Total net sales	$	130,172	$	95,349	$	5,300	$	230,821
Operating income	$	5,836	$	20,225	$	1,833	$	27,894

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 time	70,529		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

Six Months Ended June 30, 2023
Net sales - recognized over time	$	119,550	$	16,092	$	7,918	$	143,560
Net sales - recognized at a point in time	146,490		181,498		3,120		331,108
Total net sales	$	266,040	$	197,590	$	11,038	$	474,668
Operating income	$	327	$	23,442	$	3,873	$	27,642

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 time	133,196		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

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, 2023
United States	$	21,311	$	43,971	$	936	$	66,218
Other Americas	658		252		185		1,095
Total Americas	21,969		44,223		1,121		67,313
China	38,082		20,711		2,026		60,819
Other APAC	22,214		7,972		857		31,043
Total APAC	60,296		28,683		2,883		91,862
Germany	25,171		8,120		96		33,387
Other EMEA	22,736		14,323		1,200		38,259
Total EMEA	47,907		22,443		1,296		71,646
Total net sales	$	130,172	$	95,349	$	5,300	$	230,821
Three Months Ended June 30, 2022
United States	$	31,731	$	44,179	$	1,145	$	77,055
Other Americas	998		2,429		199		3,626
Total Americas	32,729		46,608		1,344		80,681
China	41,243		31,398		1,944		74,585
Other APAC	23,382		6,529		762		30,673
Total APAC	64,625		37,927		2,706		105,258
Germany	17,373		7,736		211		25,320
Other EMEA	26,438		12,819		1,454		40,711
Total EMEA	43,811		20,555		1,665		66,031
Total net sales	$	141,165	$	105,090	$	5,715	$	251,970

(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, 2023	December 31, 2022
Advanced Electronics Solutions	37,025	$	33,736
Elastomeric Material Solutions	1,551	1,584
Other	3,647	3,533
Total contract assets	42,223	$	38,853