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Segment Information (Notes) | 6 Months Ended
--- | ---
Jun. 30, 2024
Segment Reporting [Abstract] |
Segment Information | 14. Segment Information The Company's three reportable segments are Precision Devices, MedTech & Specialty Audio, and Consumer MEMS Microphones. Information regarding the Company’s reportable segments is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Revenues: |  |  |  |  |  |  |
Precision Devices | $ | 74.1 |  |  | $ | 47.8 |  |  | $ | 148.4 |  |  | $ | 101.5 |
MedTech & Specialty Audio | 59.5 |  |  | 60.6 |  |  | 116.6 |  |  | 106.1 |
Consumer MEMS Microphones | 71.1 |  |  | 64.6 |  |  | 136.1 |  |  | 109.7 |
Total revenues | $ | 204.7 |  |  | $ | 173.0 |  |  | $ | 401.1 |  |  | $ | 317.3 |
(Loss) earnings before interest and income taxes:
Precision Devices | $ | 4.2 |  |  | $ | 4.8 |  |  | $ | 2.1 |  |  | $ | 15.5 |
MedTech & Specialty Audio | 24.0 |  |  | 23.6 |  |  | 46.7 |  |  | 35.0 |
Consumer MEMS Microphones (1) | (246.4) |  |  | 6.3 |  |  | (241.1) |  |  | (1.9) |
Total segments | (218.2) |  |  | 34.7 |  |  | (192.3) |  |  | 48.6 |
Corporate expense / other | 17.7 |  |  | 16.5 |  |  | 33.5 |  |  | 33.7 |
Interest expense, net | 4.6 |  |  | 0.8 |  |  | 9.0 |  |  | 1.6 |
(Loss) earnings before income taxes | (240.5) |  |  | 17.4 |  |  | (234.8) |  |  | 13.3 |
Provision for income taxes | 18.8 |  |  | 3.8 |  |  | 22.0 |  |  | 4.9 |
Net (loss) earnings | $ | (259.3) |  |  | $ | 13.6 |  |  | $ | (256.8) |  |  | $ | 8.4 |
(1) Includes Goodwill impairment of $249.4 million for the three and six months ended June 30, 2024 and Gain on sale of asset, net of $5.4 million for the six months ended June 30, 2024 (see Note 6. Goodwill and Other Intangible Assets) as well as Gains on sale of fixed assets of $1.1 million for the three and six months ended June 30, 2024 and $5.7 million for the three and six months ended June 30, 2023 (see Note 5. Property, Plant, and Equipment, net). Information regarding assets of the Company's reportable segments:
| Total Assets
(in millions) | June 30, 2024 |  | December 31, 2023
Precision Devices | $ | 576.3 |  |  | $ | 577.9 |
MedTech & Specialty Audio | 342.9 |  |  | 351.1 |
Consumer MEMS Microphones | 255.7 |  |  | 530.0 |
Corporate / eliminations | 3.2 |  |  | 3.8 |
Total | $ | 1,178.1 |  |  | $ | 1,462.8 |
The following table details revenues by geographic location. Revenues are attributed to regions based on the location of the Company's direct customer, which in some instances is an intermediary and not necessarily the end user. The Company's businesses are based primarily in Asia, North America, and Europe.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Asia | $ | 112.6 |  |  | $ | 108.9 |  |  | $ | 218.3 |  |  | $ | 188.9 |
United States | 57.9 |  |  | 34.0 |  |  | 116.0 |  |  | 69.3 |
Europe | 26.9 |  |  | 25.7 |  |  | 53.1 |  |  | 49.8 |
Other Americas | 2.6 |  |  | 1.3 |  |  | 5.4 |  |  | 3.4 |
Other | 4.7 |  |  | 3.1 |  |  | 8.3 |  |  | 5.9 |
Total | $ | 204.7 |  |  | $ | 173.0 |  |  | $ | 401.1 |  |  | $ | 317.3 |
Receivables, net from contracts with customers were $126.1 million and $129.2 million as of June 30, 2024 and December 31, 2023, respectively. As of June 30, 2024 and December 31, 2023, our total remaining performance obligations were immaterial.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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