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Business Segments (Tables)
6 Months Ended
Jun. 30, 2019
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

 

June 30,

2019

 

 

June 30,

2018

 

 

June 30,

2019

 

 

June 30,

2018

 

North America

 

$

180,402

 

 

$

204,758

 

 

$

11,827

 

 

$

9,676

 

Europe

 

 

172,097

 

 

 

184,186

 

 

 

12,204

 

 

 

21,594

 

 

 

$

352,499

 

 

$

388,944

 

 

$

24,031

 

 

$

31,270

 

 

(Dollars in thousands)

 

Depreciation and Amortization

 

 

Capital Expenditures

 

Three months ended

 

June 30,

2019

 

 

June 30,

2018

 

 

June 30,

2019

 

 

June 30,

2018

 

North America

 

$

7,950

 

 

$

8,603

 

 

$

4,435

 

 

$

8,565

 

Europe

 

 

15,392

 

 

 

15,384

 

 

 

10,838

 

 

 

6,781

 

 

 

$

23,342

 

 

$

23,987

 

 

$

15,273

 

 

$

15,346

 

 

(Dollars in thousands)

 

Net Sales

 

 

Income from Operations

 

Six months ended

 

June 30,

2019

 

 

June 30,

2018

 

 

June 30,

2019

 

 

June 30,

2018

 

North America

 

$

365,518

 

 

$

408,908

 

 

$

18,026

 

 

$

23,461

 

Europe

 

 

344,674

 

 

 

366,484

 

 

 

24,644

 

 

 

35,443

 

 

 

$

710,192

 

 

$

775,392

 

 

$

42,670

 

 

$

58,904

 

 

(Dollars in thousands)

 

Depreciation and Amortization

 

 

Capital Expenditures

 

Six months ended

 

June 30,

2019

 

 

June 30,

2018

 

 

June 30,

2019

 

 

June 30,

2018

 

North America

 

$

15,816

 

 

$

17,401

 

 

$

10,563

 

 

$

18,593

 

Europe

 

 

30,857

 

 

 

30,939

 

 

 

18,102

 

 

 

19,427

 

 

 

$

46,673

 

 

$

48,340

 

 

$

28,665

 

 

$

38,020

 

 

(Dollars in thousands)

 

Property, Plant and Equipment, net

 

 

 

 

Goodwill and Intangible Assets

 

 

 

June 30,

2019

 

 

 

 

December 31,

2018

 

 

 

 

June 30,

2019

 

 

 

 

December 31,

2018

 

North America

 

$

247,622

 

 

 

 

$

249,791

 

 

 

 

$

 

 

 

 

$

 

Europe

 

 

291,071

 

 

 

 

 

282,976

 

 

 

 

 

444,497

 

 

 

 

 

459,803

 

 

 

$

538,693

 

 

 

 

$

532,767

 

 

 

 

$

444,497

 

 

 

 

$

459,803

 

 

(Dollars in thousands)

 

Total Assets

 

 

 

June 30,

2019

 

 

December 31,

2018

 

North America

 

$

478,001

 

 

$

484,682

 

Europe

 

 

989,889

 

 

 

966,934

 

 

 

$

1,467,890

 

 

$

1,451,616

 

 

Net Sales by Geographic Location

Net sales by geographic location are as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

2019

 

 

June 30,

2018

 

 

June 30,

2019

 

 

June 30,

2018

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

26,466

 

 

$

30,527

 

 

$

54,722

 

 

$

61,010

 

Mexico

 

 

153,936

 

 

 

174,231

 

 

 

310,796

 

 

 

347,898

 

Germany

 

 

57,189

 

 

 

70,968

 

 

 

121,237

 

 

 

142,193

 

Poland

 

 

114,908

 

 

 

113,218

 

 

 

223,437

 

 

 

224,291

 

Consolidated net sales

 

$

352,499

 

 

$

388,944

 

 

$

710,192

 

 

$

775,392