Segment Information

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Information

Segment Information

Our business is aggregated into the following two reportable segments:

•Mobile Solutions, which is focused on growth in the automotive and general industrial end markets; and

•Power Solutions, which is focused on growth in the electrical, general industrial, automotive, and medical end markets.

These divisions are considered our two operating segments as each engages in business activities for which it earns revenues and incurs expenses, discrete financial information is available for each, and this is the level at which the chief operating decision maker reviews discrete financial information for purposes of allocating resources and assessing performance.

The following table presents our financial performance by reportable segment.

	Three Months Ended March 31,
	2023		2022
Net sales:
Mobile Solutions	$	78,018	$	76,070
Power Solutions	49,072		52,011
Intersegment sales eliminations	(2)		(14)
Total	$	127,088	$	128,067
Income (loss) from operations:
Mobile Solutions	$	(3,319)	$	1,969
Power Solutions	1,747		364
Corporate	(5,503)		(5,753)
Total	$	(7,075)	$	(3,420)