Business Segments

3 Months Ended

Mar. 31, 2021

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. Moreover, our business within each region generally 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, 2021		March 31, 2020		March 31, 2021		March 31, 2020
North America	$	191,971	$	155,551	$	17,841	$	6,109
Europe		166,225		145,561		7,878		(189,124	)
	$	358,196	$	301,112	$	25,719	$	(183,015	)

(Dollars in thousands)	Depreciation and Amortization				Capital Expenditures
Three months ended	March 31, 2021		March 31, 2020		March 31, 2021		March 31, 2020
North America	$	9,221	$	8,805	$	4,660	$	6,560
Europe		16,140		15,587		5,819		7,305
	$	25,361	$	24,392	$	10,479	$	13,865

(Dollars in thousands)	Property, Plant and Equipment, net				Intangible Assets
	March 31, 2021		December 31, 2020		March 31, 2021		December 31, 2020
North America	$	210,688	$	220,145	$	—	$	—
Europe		285,971		301,979		99,041		110,796
	$	496,659	$	522,124	$	99,041	$	110,796

(Dollars in thousands)	Total Assets
	March 31, 2021		December 31, 2020
North America	$	495,035	$	479,873
Europe		614,755		629,452
	$	1,109,790	$	1,109,325

Geographic information

Net sales and long-lived assets by location are as follows:

(Dollars in thousands)	Net Sales
Three months ended	March 31, 2021		March 31, 2020
U.S.	$	1,270	$	16,177
Mexico		190,701		139,374
Germany		60,887		50,038
Poland		105,338		95,523
Consolidated net sales	$	358,196	$	301,112
(Dollars in thousands)	Property, Plant and Equipment, net
	March 31, 2021		December 31, 2020
U.S.	$	2,894	$	7,324
Mexico		207,794		212,821
Germany		79,611		82,162
Poland		206,360		219,817
Property, plant and equipment, net	$	496,659	$	522,124