Industry Segment and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2023

Industry Segment and Geographic Data [Abstract]

Sales and Operating Income by Operating Segments

The accounting policies of each segment are the same as those described in the summary of significant accounting policies (see Note 1). 

The following tables contain financial information for each reportable operating segment (in thousands):

	Year Ended December 31,
	2023			2022			2021
Net sales (a):
Vehicle Control	$	737,932		$	750,571		$	737,431
Temperature Control		337,754			351,237			324,080
Engineered Solutions		282,586			270,007			237,305
Other		—			—			—
Total net sales	$	1,358,272		$	1,371,815		$	1,298,816
Depreciation and Amortization:
Vehicle Control	$	13,877		$	14,075		$	14,840
Temperature Control		3,424			2,973			3,345
Engineered Solutions		9,966			9,557			7,390
Other		1,755			1,693			1,668
Total depreciation and amortization	$	29,022		$	28,298		$	27,243
Operating income (loss):
Vehicle Control	$	71,327		$	74,153		$	97,029
Temperature Control		17,343			26,459			30,077
Engineered Solutions		19,944			18,713			19,982
Other		(15,937	)		(15,190	)		(18,089	)
Total operating income	$	92,677		$	104,135		$	128,999
Investment in unconsolidated affiliates:
Vehicle Control	$	2,496		$	2,490		$	2,729
Temperature Control		19,711			27,557			28,518
Engineered Solutions		1,843			11,698			12,840
Other		—			—			—
Total investment in unconsolidated affiliates	$	24,050		$	41,745		$	44,087
Capital expenditures:
Vehicle Control	$	13,955		$	13,378		$	17,048
Temperature Control		1,899			3,973			2,130
Engineered Solutions		12,095			6,489			5,354
Other		684			2,116			1,343
Total capital expenditures	$	28,633		$	25,956		$	25,875
Total assets:
Vehicle Control	$	620,569		$	618,789		$	604,016
Temperature Control		274,657			254,137			234,771
Engineered Solutions		292,080			289,518			272,791
Other		105,741			92,485			86,383
Total assets	$	1,293,047		$	1,254,929		$	1,197,961

(a) There are no intersegment sales among our Vehicle Control, Temperature Control and Engineered Solutions operating segments.

Reconciliation of Segment Operating Income to Net Earnings

Reconciliation of segment operating income to net earnings:

	Year Ended December 31,
	2023			2022			2021
	(In thousands)
Operating income	$	92,677		$	104,135		$	128,999
Other non-operating income, net		2,326			4,814			3,494
Interest expense		13,287			10,617			2,028
Earnings from continuing operations before income taxes		81,716			98,332			130,465
Provision for income taxes		18,368			25,206			31,044
Earnings from continuing operations		63,348			73,126			99,421
Discontinued operations, net of tax		(28,996	)		(17,691	)		(8,467	)
Net earnings	$	34,352		$	55,435		$	90,954

Long-lived Assets by Geographical Areas

	December 31,
	2023		2022		2021
Long-lived assets (a):	(In thousands)
United States	$	368,792	$	326,199	$	315,983
Asia		75,869		76,766		80,175
Europe		44,517		38,351		37,892
Mexico		13,262		10,355		12,119
Canada		5,851		7,161		4,461
Total long-lived assets	$	508,291	$	458,832	$	450,630

(a) Long-lived assets are attributed to countries based upon the location of the assets.