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Business Segments (Tables)
9 Months Ended
Sep. 30, 2020
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,

2020

 

 

September 30,

2019

 

 

September 30,

2020

 

 

September 30,

2019

 

North America

 

$

166,662

 

 

$

188,089

 

 

$

16,113

 

 

$

(4,440

)

Europe

 

 

150,441

 

 

 

163,925

 

 

 

3,125

 

 

 

4,197

 

 

 

$

317,103

 

 

$

352,014

 

 

$

19,238

 

 

$

(243

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

Depreciation and Amortization

 

 

Capital Expenditures

 

Three Months Ended

 

September 30,

2020

 

 

September 30,

2019

 

 

September 30,

2020

 

 

September 30,

2019

 

North America

 

$

8,742

 

 

$

15,432

 

 

$

6,673

 

 

$

5,425

 

Europe

 

 

16,076

 

 

 

15,396

 

 

 

4,158

 

 

 

13,494

 

 

 

$

24,818

 

 

$

30,828

 

 

$

10,831

 

 

$

18,919

 

 

(Dollars in thousands)

 

Net Sales

 

 

Income from Operations

 

Nine Months Ended

 

September 30,

2020

 

 

September 30,

2019

 

 

September 30,

2020

 

 

September 30,

2019

 

North America

 

$

381,129

 

 

$

553,607

 

 

$

2,430

 

 

$

13,586

 

Europe

 

 

381,921

 

 

 

508,599

 

 

 

(200,324

)

 

 

28,841

 

 

 

$

763,050

 

 

$

1,062,206

 

 

$

(197,894

)

 

$

42,427

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

Depreciation and Amortization

 

 

Capital Expenditures

 

Nine Months Ended

 

September 30,

2020

 

 

September 30,

2019

 

 

September 30,

2020

 

 

September 30,

2019

 

North America

 

$

25,967

 

 

$

31,248

 

 

$

19,109

 

 

$

15,988

 

Europe

 

 

47,167

 

 

 

46,252

 

 

 

14,483

 

 

 

31,596

 

 

 

$

73,134

 

 

$

77,500

 

 

$

33,592

 

 

$

47,584

 

 

(Dollars in thousands)

 

Property, Plant and Equipment, net

 

 

Goodwill and Intangible Assets

 

 

 

September 30,

2020

 

 

December 31,

2019

 

 

September 30,

2020

 

 

December 31,

2019

 

North America

 

$

214,656

 

 

$

237,372

 

 

$

 

 

$

 

Europe

 

 

292,381

 

 

 

291,910

 

 

 

112,341

 

 

 

321,910

 

 

 

$

507,037

 

 

$

529,282

 

 

$

112,341

 

 

$

321,910

 

 

(Dollars in thousands)

 

Total Assets

 

 

 

September 30,

2020

 

 

December 31,

2019

 

North America

 

$

433,645

 

 

$

484,689

 

Europe

 

 

645,366

 

 

 

827,178

 

 

 

$

1,079,011

 

 

$

1,311,867

 

 

Net Sales by Manufacturing Geographic Location

Net sales by manufacturing geographic location are as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

September 30,

2020

 

 

September 30,

2019

 

 

September 30,

2020

 

 

September 30,

2019

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

5,094

 

 

$

26,916

 

 

$

24,890

 

 

$

81,638

 

 

Mexico

 

 

161,568

 

 

 

161,173

 

 

 

356,239

 

 

 

471,969

 

 

Germany

 

 

58,413

 

 

 

59,548

 

 

 

142,177

 

 

 

180,785

 

 

Poland

 

 

92,028

 

 

 

104,377

 

 

 

239,744

 

 

 

327,814

 

 

Consolidated net sales

 

$

317,103

 

 

$

352,014

 

 

$

763,050

 

 

$

1,062,206