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Business Segments (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Summary of Net Sales and Results of Operations and Total Assets by Reportable Segment

 

 

 

Net Sales

 

 

Income from Operations

 

Three Months Ended

 

June 30,

2022

 

 

June 30,

2021

 

 

June 30,

2022

 

 

June 30,

2021

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

259,677

 

 

$

176,990

 

 

$

24,679

 

 

$

7,542

 

Europe

 

 

171,855

 

 

 

170,474

 

 

 

1,227

 

 

 

7,978

 

 

 

$

431,532

 

 

$

347,464

 

 

$

25,906

 

 

$

15,520

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization

 

 

Capital Expenditures

 

Three Months Ended

 

June 30,

2022

 

 

June 30,

2021

 

 

June 30,

2022

 

 

June 30,

2021

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

9,055

 

 

$

9,499

 

 

$

11,630

 

 

$

3,447

 

Europe

 

 

14,071

 

 

 

16,110

 

 

 

4,704

 

 

 

6,625

 

 

 

$

23,126

 

 

$

25,609

 

 

$

16,334

 

 

$

10,072

 

 

 

 

Net Sales

 

 

Income from Operations

 

Six Months Ended

 

June 30,

2022

 

 

June 30,

2021

 

 

June 30,

2022

 

 

June 30,

2021

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

486,875

 

 

$

368,961

 

 

$

44,246

 

 

$

25,383

 

Europe

 

 

345,183

 

 

 

336,699

 

 

 

5,297

 

 

 

15,856

 

 

 

$

832,058

 

 

$

705,660

 

 

$

49,543

 

 

$

41,239

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization

 

 

Capital Expenditures

 

Six Months Ended

 

June 30,

2022

 

 

June 30,

2021

 

 

June 30,

2022

 

 

June 30,

2021

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

18,014

 

 

$

18,720

 

 

$

24,142

 

 

$

8,107

 

Europe

 

 

29,194

 

 

 

32,250

 

 

 

10,146

 

 

 

12,444

 

 

 

$

47,208

 

 

$

50,970

 

 

$

34,288

 

 

$

20,551

 

 

 

 

Property, Plant and Equipment, net

 

 

Intangible Assets

 

 

 

June 30,

2022

 

 

December 31,

2021

 

 

June 30,

2022

 

 

December 31,

2021

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

217,686

 

 

$

214,331

 

 

$

 

 

$

 

Europe

 

 

254,140

 

 

 

280,070

 

 

 

59,625

 

 

 

76,870

 

 

 

$

471,826

 

 

$

494,401

 

 

$

59,625

 

 

$

76,870

 

 

 

 

Total Assets

 

 

 

June 30,

2022

 

 

December 31,

2021

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

North America

 

$

547,148

 

 

$

499,988

 

Europe

 

 

535,923

 

 

 

554,159

 

 

 

$

1,083,071

 

 

$

1,054,147

 

 

 

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

June 30,

2022

 

 

June 30,

2021

 

 

June 30,

2022

 

 

June 30,

2021

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

1,292

 

 

$

1,549

 

 

$

2,950

 

 

$

2,819

 

 

Mexico

 

 

258,385

 

 

 

175,441

 

 

 

483,925

 

 

 

366,142

 

 

Germany

 

 

48,035

 

 

 

62,511

 

 

 

102,123

 

 

 

123,398

 

 

Poland

 

 

123,820

 

 

 

107,963

 

 

 

243,060

 

 

 

213,301

 

 

Consolidated net sales

 

$

431,532

 

 

$

347,464

 

 

$

832,058

 

 

$

705,660

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

2022

 

 

December 31,

2021

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

 

 

 

 

 

 

 

 

$

1,701

 

 

$

2,152

 

 

Mexico

 

 

 

 

 

 

 

 

 

 

215,985

 

 

 

212,179

 

 

Germany

 

 

 

 

 

 

 

 

 

 

75,173

 

 

 

76,849

 

 

Poland

 

 

 

 

 

 

 

 

 

 

178,967

 

 

 

203,221

 

 

Property, plant and equipment, net

 

 

 

 

 

 

 

 

 

$

471,826

 

 

$

494,401