Business Segments

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Business Segments

NOTE 5 - BUSINESS SEGMENTS

The North American and European businesses represent separate operating segments in view of significantly different markets, customers and products in each of these regions. Within each of these regions, markets, customers, products and production processes are similar and production can be readily transferred between production facilities. Moreover, our business within each region leverages common systems, processes and infrastructure. Accordingly, North America and Europe comprise the Company’s reportable segments.

(Dollars in thousands)	Net Sales				Income from Operations
Three months ended	March 31, 2019		March 31, 2018		March 31, 2019		March 31, 2018
North America	$	185,116	$	204,150	$	6,199	$	13,785
Europe		172,577		182,298		12,440		13,849
	$	357,693	$	386,448	$	18,639	$	27,634

(Dollars in thousands)	Depreciation and Amortization				Capital Expenditures
Three months ended	March 31, 2019		March 31, 2018		March 31, 2019		March 31, 2018
North America	$	7,866	$	8,797	$	6,128	$	10,028
Europe		15,465		15,556		7,264		12,646
	$	23,331	$	24,353	$	13,392	$	22,674

(Dollars in thousands)	Property, Plant and Equipment, net				Goodwill and Intangible Assets
	March 31, 2019		December 31, 2018		March 31, 2019		December 31, 2018
North America	$	248,816	$	249,791	$	—	$	—
Europe		278,208		282,976		444,479		459,803
	$	527,024	$	532,767	$	444,479	$	459,803

(Dollars in thousands)	Total Assets
	March 31, 2019		December 31, 2018
North America	$	490,647	$	484,682
Europe		969,524		966,934
	$	1,460,171	$	1,451,616

Geographic information

Net sales by geographic location are as follows:

Three months ended	March 31, 2019		March 31, 2018
(Dollars in thousands)
Net sales:
U.S.	$	28,256	$	30,484
Mexico		156,860		173,666
Germany		64,048		71,225
Poland		108,529		111,073
Consolidated net sales	$	357,693	$	386,448