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Operating Segment and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 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 millions)Advanced Electronics SolutionsElastomeric Material SolutionsOtherTotal
December 31, 2023
Net sales - recognized over time$234.1 $19.6 $15.8 $269.5 
Net sales - recognized at a point in time$275.6 $359.4 $3.9 $638.9 
Total net sales$509.7 $379.0 $19.7 $908.4 
Operating income$2.6 $76.1 $6.6 $85.3 
Total assets$762.8 $742.0 $12.4 $1,517.2 
Capital expenditures$30.5 $25.9 $0.6 $57.0 
Depreciation & amortization$27.6 $22.8 $0.7 $51.1 
Investment in unconsolidated joint ventures$— $11.1 $— $11.1 
Equity income in unconsolidated joint ventures$— $1.8 $— $1.8 
December 31, 2022
Net sales - recognized over time$227.0 $15.9 $16.4 $259.3 
Net sales - recognized at a point in time$303.2 $404.1 $4.6 $711.9 
Total net sales$530.2 $420.0 $21.0 $971.2 
Operating income$77.1 $60.4 $6.9 $144.4 
Total assets$854.2 $778.7 $13.3 $1,646.2 
Capital expenditures$58.9 $57.6 $0.3 $116.8 
Depreciation & amortization$21.7 $23.5 $0.7 $45.9 
Investment in unconsolidated joint ventures$— $14.1 $— $14.1 
Equity income in unconsolidated joint ventures$— $4.4 $— $4.4 
December 31, 2021
Net sales - recognized over time$244.1 $14.9 $18.8 $277.8 
Net sales - recognized at a point in time$290.4 $363.1 $1.6 $655.1 
Total net sales$534.5 $378.0 $20.4 $932.9 
Operating income$50.2 $60.1 $6.9 $117.2 
Total assets$826.7 $759.6 $12.3 $1,598.6 
Capital expenditures$38.9 $31.8 $0.4 $71.1 
Depreciation & amortization$22.9 $19.7 $0.7 $43.3 
Investment in unconsolidated joint ventures$— $16.3 $— $16.3 
Equity income in unconsolidated joint ventures$— $7.0 $— $7.0 
Operating Segment Net Sales by Geographic Area
The following table presents net sales by our operating segment operations by geographic area for the years indicated:
(Dollars in millions)
Net Sales(1)
Region/CountryAdvanced Electronics SolutionsElastomeric Material SolutionsOtherTotal
December 31, 2023
United States$81.1 $155.4 $3.9 $240.4 
Other Americas3.6 13.7 0.3 17.6 
Total Americas84.7 169.1 4.2 258.0 
China144.6 93.0 4.3 241.9 
Other APAC88.3 31.7 5.6 125.6 
Total APAC232.9 124.7 9.9 367.5 
Germany95.2 28.3 0.5 124.0 
Other EMEA96.9 56.9 5.1 158.9 
Total EMEA192.1 85.2 5.6 282.9 
Total net sales$509.7 $379.0 $19.7 $908.4 
December 31, 2022
United States$122.7 $169.4 $4.5 $296.6 
Other Americas6.6 15.4 0.3 22.3 
Total Americas129.3 184.8 4.8 318.9 
China154.4 121.7 7.4 283.5 
Other APAC75.2 31.4 2.7 109.3 
Total APAC229.6 153.1 10.1 392.8 
Germany78.7 30.4 1.1 110.2 
Other EMEA92.6 51.7 5.0 149.3 
Total EMEA171.3 82.1 6.1 259.5 
Total net sales$530.2 $420.0 $21.0 $971.2 
December 31, 2021
United States$93.6 $161.2 $4.5 $259.3 
Other Americas3.1 10.2 0.8 14.1 
Total Americas96.7 171.4 5.3 273.4 
China193.4 122.0 4.8 320.2 
Other APAC85.1 27.6 2.6 115.3 
Total APAC278.5 149.6 7.4 435.5 
Germany72.6 29.2 0.8 102.6 
Other EMEA86.7 27.8 6.9 121.4 
Total EMEA159.3 57.0 7.7 224.0 
Total net sales$534.5 $378.0 $20.4 $932.9 
(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.
Our contract assets by operating segment were as follows:
As of December 31,
(Dollars in millions)20232022
Advanced Electronics Solutions$41.4 $33.8 
Elastomeric Material Solutions0.4 1.6 
Other3.4 3.5 
Total contract assets$45.2 $38.9 
Schedule of Long-lived Assets By Geographic Region
Our long-lived assets(1) by geographic area were as follows:
As of December 31,
(Dollars in millions)20232022
United States$384.1 $401.2 
England166.7 161.9 
Germany148.9 139.7 
Other169.2 154.7 
Total long-lived assets$868.9 $857.5 
(1) Long-lived assets are based on the location of the asset and are comprised of goodwill, other intangible assets, property, plant and equipment and right-of-use assets. Countries with 10% or more of long-lived assets have been disclosed.