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v3.25.2

Reportable Segments (Schedule of Reportable Segment) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Segment Reporting Information [Line Items] |  |  |  |
Net revenues | $ 311,399 | $ 331,994 | $ 600,173 | $ 645,324
Cost of goods sold | 213,892 | 219,611 | 406,180 | 424,255
Gross profit | 97,507 | 112,383 | 193,993 | 221,069
Selling, general and administrative expenses | 58,502 | 55,515 | 112,314 | 110,350
Technical and research expenses | 12,552 | 11,860 | 24,448 | 24,525
Restructuring expenses, net | 4,183 | 2,103 | 6,698 | 4,312
Operating income | 22,270 | 42,905 | 50,533 | 81,882
MC |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net revenues | 180,926 | 193,578 | 355,623 | 378,795
AEC |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net revenues | 130,473 | 138,416 | 244,550 | 266,529
Operating income | (7,200) | (5,000) | (14,200) | (7,600)
Operating Segments | MC |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net revenues | 180,926 | 193,578 | 355,623 | 378,795
Cost of goods sold | 97,167 | 104,705 | 191,962 | 205,267
Gross profit | 83,759 | 88,873 | 163,661 | 173,528
Selling, general and administrative expenses | 35,669 | 30,569 | 68,550 | 63,336
Technical and research expenses | 7,373 | 7,504 | 14,616 | 15,024
Restructuring expenses, net | 3,015 | 1,066 | 4,362 | 1,087
Operating income | 37,702 | 49,734 | 76,133 | 94,081
Operating Segments | AEC |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net revenues | 130,473 | 138,416 | 244,550 | 266,529
Cost of goods sold | 116,725 | 114,906 | 214,218 | 218,988
Gross profit | 13,748 | 23,510 | 30,332 | 47,541
Selling, general and administrative expenses | 11,777 | 12,786 | 21,903 | 24,326
Technical and research expenses | 4,125 | 4,356 | 7,799 | 9,501
Restructuring expenses, net | 520 | 922 | 1,688 | 3,110
Operating income | (2,674) | 5,446 | (1,058) | 10,604
Corporate |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Net revenues | 0 | 0 | 0 | 0
Cost of goods sold | 0 | 0 | 0 | 0
Gross profit | 0 | 0 | 0 | 0
Selling, general and administrative expenses | 11,056 | 12,160 | 21,861 | 22,688
Technical and research expenses | 1,054 | 0 | 2,033 | 0
Restructuring expenses, net | 648 | 115 | 648 | 115
Operating income | $ (12,758) | $ (12,275) | $ (24,542) | $ (22,803)

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