Segment Information

9 Months Ended

Sep. 30, 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, general industrial, and medical 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net sales:
Mobile Solutions	$	78,961	$	76,122	$	234,132	$	225,542
Power Solutions	45,484		51,124		142,618		155,184
Intersegment sales eliminations	(2)		51		(13)		—
Total	$	124,443	$	127,297	$	376,737	$	380,726
Income (loss) from operations:
Mobile Solutions	$	(1,283)	$	(474)	$	(6,063)	$	3,224
Power Solutions	3,936		2,582		8,266		4,376
Corporate	(5,392)		(4,225)		(16,064)		(17,651)
Total	$	(2,739)	$	(2,117)	$	(13,861)	$	(10,051)