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Business Segments (Tables)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Summary of Net Sales and Results of Operations and Total Assets by Reportable Segment

(Dollars in thousands)

 

Net Sales

 

 

Income from Operations

 

Three Months Ended

 

September 30,
2023

 

 

September 30,
2022

 

 

September 30,
2023

 

 

September 30,
2022

 

North America

 

$

194,873

 

 

$

240,340

 

 

$

14,286

 

 

$

10,526

 

Europe

 

 

128,204

 

 

 

165,385

 

 

 

(85,483

)

 

 

1,734

 

 

$

323,077

 

 

$

405,725

 

 

$

(71,197

)

 

$

12,260

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

Depreciation and Amortization

 

 

Capital Expenditures

 

Three Months Ended

 

September 30,
2023

 

 

September 30,
2022

 

 

September 30,
2023

 

 

September 30,
2022

 

North America

 

$

10,207

 

 

$

9,255

 

 

$

2,591

 

 

$

6,762

 

Europe

 

 

13,419

 

 

 

12,605

 

 

 

5,141

 

 

 

4,660

 

 

$

23,626

 

 

$

21,860

 

 

$

7,732

 

 

$

11,422

 

 

(Dollars in thousands)

 

Net Sales

 

 

Income from Operations

 

Nine Months Ended

 

September 30,
2023

 

 

September 30,
2022

 

 

September 30,
2023

 

 

September 30,
2022

 

North America

 

$

614,696

 

 

$

727,215

 

 

$

57,505

 

 

$

54,772

 

Europe

 

 

461,950

 

 

 

510,568

 

 

 

(89,549

)

 

 

7,031

 

 

$

1,076,646

 

 

$

1,237,783

 

 

$

(32,044

)

 

$

61,803

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

Depreciation and Amortization

 

 

Capital Expenditures

 

Nine Months Ended

 

September 30,
2023

 

 

September 30,
2022

 

 

September 30,
2023

 

 

September 30,
2022

 

North America

 

$

28,632

 

 

$

27,269

 

 

$

17,661

 

 

$

30,904

 

Europe

 

 

41,302

 

 

 

41,799

 

 

 

11,822

 

 

 

14,806

 

 

$

69,934

 

 

$

69,068

 

 

$

29,483

 

 

$

45,710

 

 

(Dollars in thousands)

 

Property, Plant and Equipment, net

 

 

Intangible Assets

 

 

 

September 30,
2023

 

 

December 31,
2022

 

 

September 30,
2023

 

 

December 31,
2022

 

North America

 

$

221,375

 

 

$

220,321

 

 

$

 

 

$

 

Europe

 

 

174,638

 

 

 

253,639

 

 

 

36,594

 

 

 

51,497

 

 

$

396,013

 

 

$

473,960

 

 

$

36,594

 

 

$

51,497

 

 

(Dollars in thousands)

 

Total Assets

 

 

 

September 30,
2023

 

 

December 31,
2022

 

North America

 

$

619,316

 

 

$

582,339

 

Europe

 

 

418,481

 

 

 

551,400

 

 

$

1,037,797

 

 

$

1,133,739

 

 

Geographic information

Net sales and property, plant and equipment by location are as follows:

 

(Dollars in thousands)

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,
2023

 

 

September 30,
2022

 

 

September 30,
2023

 

 

September 30,
2022

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

933

 

 

$

1,327

 

 

$

2,908

 

 

$

4,277

 

Mexico

 

 

193,940

 

 

 

239,013

 

 

 

611,788

 

 

 

722,938

 

Germany

 

 

35,068

 

 

 

46,885

 

 

 

126,361

 

 

 

149,008

 

Poland

 

 

93,136

 

 

 

118,500

 

 

 

335,589

 

 

 

361,560

 

Consolidated net sales

 

$

323,077

 

 

$

405,725

 

 

$

1,076,646

 

 

$

1,237,783

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

Property, Plant and Equipment, net

 

 

 

 

 

 

 

 

 

September 30,
2023

 

 

December 31,
2022

 

U.S.

 

 

 

 

 

 

 

$

1,265

 

 

$

1,476

 

Mexico

 

 

 

 

 

 

 

 

220,110

 

 

 

218,845

 

Germany

 

 

 

 

 

 

 

 

2,983

 

 

 

76,158

 

Poland

 

 

 

 

 

 

 

 

171,655

 

 

 

177,481

 

Property, plant and equipment, net

 

 

 

 

 

 

 

$

396,013

 

 

$

473,960