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Business Segments (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Summary of Net Sales and Results of Operations and Total Assets by Reportable Segment

 

 

Net Sales

 

 

Income from Operations

 

Three Months Ended

 

September 30,
2022

 

 

September 30,
2021

 

 

September 30,
2022

 

 

September 30,
2021

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

240,340

 

 

$

180,496

 

 

$

10,526

 

 

$

12,581

 

Europe

 

 

165,385

 

 

 

130,284

 

 

 

1,734

 

 

 

(5,207

)

 

 

$

405,725

 

 

$

310,780

 

 

$

12,260

 

 

$

7,374

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization

 

 

Capital Expenditures

 

Three Months Ended

 

September 30,
2022

 

 

September 30,
2021

 

 

September 30,
2022

 

 

September 30,
2021

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

9,255

 

 

$

8,732

 

 

$

6,762

 

 

$

10,223

 

Europe

 

 

12,605

 

 

 

15,744

 

 

 

4,660

 

 

 

16,797

 

 

 

$

21,860

 

 

$

24,476

 

 

$

11,422

 

 

$

27,020

 

 

 

 

Net Sales

 

 

Income from Operations

 

Nine Months Ended

 

September 30,
2022

 

 

September 30,
2021

 

 

September 30,
2022

 

 

September 30,
2021

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

727,215

 

 

$

549,457

 

 

$

54,772

 

 

$

37,964

 

Europe

 

 

510,568

 

 

 

466,983

 

 

 

7,031

 

 

 

10,649

 

 

 

$

1,237,783

 

 

$

1,016,440

 

 

$

61,803

 

 

$

48,613

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization

 

 

Capital Expenditures

 

Nine Months Ended

 

September 30,
2022

 

 

September 30,
2021

 

 

September 30,
2022

 

 

September 30,
2021

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

27,269

 

 

$

27,453

 

 

$

30,904

 

 

$

18,330

 

Europe

 

 

41,799

 

 

 

47,993

 

 

 

14,806

 

 

 

29,241

 

 

 

$

69,068

 

 

$

75,446

 

 

$

45,710

 

 

$

47,571

 

 

 

 

Property, Plant and Equipment, net

 

 

Intangible Assets

 

 

 

September 30,
2022

 

 

December 31,
2021

 

 

September 30,
2022

 

 

December 31,
2021

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

215,424

 

 

$

214,331

 

 

$

 

 

$

 

Europe

 

 

235,445

 

 

 

280,070

 

 

 

51,630

 

 

 

76,870

 

 

 

$

450,869

 

 

$

494,401

 

 

$

51,630

 

 

$

76,870

 

 

 

 

Total Assets

 

 

 

September 30,
2022

 

 

December 31,
2021

 

(Dollars in thousands)

 

 

 

 

 

 

North America

 

$

564,659

 

 

$

499,988

 

Europe

 

 

508,179

 

 

 

554,159

 

 

 

$

1,072,838

 

 

$

1,054,147

 

 

Geographic information

Net sales and long-lived assets by location are as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

September 30,
2022

 

 

September 30,
2021

 

 

September 30,
2022

 

 

September 30,
2021

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

1,327

 

 

$

2,832

 

 

$

4,277

 

 

$

5,651

 

 

Mexico

 

 

239,013

 

 

 

177,664

 

 

 

722,938

 

 

 

543,806

 

 

Germany

 

 

46,885

 

 

 

43,084

 

 

 

149,008

 

 

 

166,483

 

 

Poland

 

 

118,500

 

 

 

87,200

 

 

 

361,560

 

 

 

300,500

 

 

Consolidated net sales

 

$

405,725

 

 

$

310,780

 

 

$

1,237,783

 

 

$

1,016,440

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,
2022

 

 

December 31,
2021

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

 

 

 

 

 

 

$

1,457

 

 

$

2,152

 

 

Mexico

 

 

 

 

 

 

 

 

213,967

 

 

 

212,179

 

 

Germany

 

 

 

 

 

 

 

 

70,252

 

 

 

76,849

 

 

Poland

 

 

 

 

 

 

 

 

165,193

 

 

 

203,221

 

 

Property, plant and equipment, net

 

 

 

 

 

 

 

$

450,869

 

 

$

494,401