Operating Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

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 Solutions		Elastomeric Material Solutions		Other		Total
Three Months Ended September 30, 2023
Net sales - recognized over time	$	60,788	$	1,331	$	4,093	$	66,212
Net sales - recognized at a point in time	65,612		96,655		669		162,936
Total net sales	$	126,400	$	97,986	$	4,762	$	229,148
Operating income	$	5,674	$	19,851	$	1,597	$	27,122
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
Nine Months Ended September 30, 2023
Net sales - recognized over time	$	180,338	$	17,423	$	12,011	$	209,772
Net sales - recognized at a point in time	212,102		278,153		3,789		494,044
Total net sales	$	392,440	$	295,576	$	15,800	$	703,816
Operating income	$	6,001	$	43,293	$	5,470	$	54,764
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

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, 2023
United States	$	20,403	$	37,269	$	1,060	$	58,732
Other Americas	273		2,453		(34)		2,692
Total Americas	20,676		39,722		1,026		61,424
China	33,719		28,341		1,762		63,822
Other APAC	20,766		8,793		555		30,114
Total APAC	54,485		37,134		2,317		93,936
Germany	24,830		6,295		95		31,220
Other EMEA	26,409		14,835		1,324		42,568
Total EMEA	51,239		21,130		1,419		73,788
Total net sales	$	126,400	$	97,986	$	4,762	$	229,148
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

(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, 2023		December 31, 2022
Advanced Electronics Solutions	$	41,264	$	33,736
Elastomeric Material Solutions	1,503		1,584
Other	3,709		3,533
Total contract assets	$	46,476	$	38,853