Business Segments

9 Months Ended

Sep. 30, 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	September 30, 2019		September 30, 2018		September 30, 2019			September 30, 2018
North America	$	188,089	$	197,776	$	(4,440	)	$	2,901
Europe		163,925		149,836		4,197			4,787
	$	352,014	$	347,612	$	(243	)	$	7,688

(Dollars in thousands)	Depreciation and Amortization				Capital Expenditures
Three months ended	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
North America	$	15,432	$	8,300	$	5,425	$	11,197
Europe		15,396		15,292		13,494		6,249
	$	30,828	$	23,592	$	18,919	$	17,446

(Dollars in thousands)	Net Sales				Income from Operations
Nine months ended	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
North America	$	553,607	$	606,684	$	13,586	$	26,362
Europe		508,599		516,320		28,841		40,230
	$	1,062,206	$	1,123,004	$	42,427	$	66,592

(Dollars in thousands)	Depreciation and Amortization				Capital Expenditures
Nine months ended	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
North America	$	31,248	$	25,701	$	15,988	$	29,790
Europe		46,252		46,231		31,596		25,676
	$	77,500	$	71,932	$	47,584	$	55,466

(Dollars in thousands)	Property, Plant and Equipment, net				Goodwill and Intangible Assets
	September 30, 2019		December 31, 2018		September 30, 2019		December 31, 2018
North America	$	235,115	$	249,791	$	—	$	—
Europe		281,777		282,976		421,232		459,803
	$	516,892	$	532,767	$	421,232	$	459,803

(Dollars in thousands)	Total Assets
	September 30, 2019		December 31, 2018
North America	$	461,584	$	484,682
Europe		941,778		966,934
	$	1,403,362	$	1,451,616

Geographic information

Net sales by geographic location are as follows:

	Three Months Ended				Nine Months Ended
	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
(Dollars in thousands)
Net sales:
U.S.	$	26,916	$	27,653	$	81,638	$	88,663
Mexico		161,173		170,123		471,969		518,021
Germany		59,548		57,205		180,785		199,398
Poland		104,377		92,631		327,814		316,922
Consolidated net sales	$	352,014	$	347,612	$	1,062,206	$	1,123,004