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Operating Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | The following table presents a disaggregation of revenue from contracts with customers and other pertinent financial information, for the periods indicated; inter-segment sales have been eliminated from the net sales data:
(Dollars in millions) | Advanced Electronics Solutions |  | Elastomeric Material Solutions |  | Other |  | Total
December 31, 2023 |  |  |  |  |  |  |
Net sales - recognized over time | $ | 234.1 |  |  | $ | 19.6 |  |  | $ | 15.8 |  |  | $ | 269.5 |
Net sales - recognized at a point in time | $ | 275.6 |  |  | $ | 359.4 |  |  | $ | 3.9 |  |  | $ | 638.9 |
Total net sales | $ | 509.7 |  |  | $ | 379.0 |  |  | $ | 19.7 |  |  | $ | 908.4 |
Operating income | $ | 2.6 |  |  | $ | 76.1 |  |  | $ | 6.6 |  |  | $ | 85.3 |
Total assets | $ | 762.8 |  |  | $ | 742.0 |  |  | $ | 12.4 |  |  | $ | 1,517.2 |
Capital expenditures | $ | 30.5 |  |  | $ | 25.9 |  |  | $ | 0.6 |  |  | $ | 57.0 |
Depreciation & amortization | $ | 27.6 |  |  | $ | 22.8 |  |  | $ | 0.7 |  |  | $ | 51.1 |
Investment in unconsolidated joint ventures | $ | — |  |  | $ | 11.1 |  |  | $ | — |  |  | $ | 11.1 |
Equity income in unconsolidated joint ventures | $ | — |  |  | $ | 1.8 |  |  | $ | — |  |  | $ | 1.8 |
December 31, 2022 |  |  |  |  |  |  |
Net sales - recognized over time | $ | 227.0 |  |  | $ | 15.9 |  |  | $ | 16.4 |  |  | $ | 259.3 |
Net sales - recognized at a point in time | $ | 303.2 |  |  | $ | 404.1 |  |  | $ | 4.6 |  |  | $ | 711.9 |
Total net sales | $ | 530.2 |  |  | $ | 420.0 |  |  | $ | 21.0 |  |  | $ | 971.2 |
Operating income | $ | 77.1 |  |  | $ | 60.4 |  |  | $ | 6.9 |  |  | $ | 144.4 |
Total assets | $ | 854.2 |  |  | $ | 778.7 |  |  | $ | 13.3 |  |  | $ | 1,646.2 |
Capital expenditures | $ | 58.9 |  |  | $ | 57.6 |  |  | $ | 0.3 |  |  | $ | 116.8 |
Depreciation & amortization | $ | 21.7 |  |  | $ | 23.5 |  |  | $ | 0.7 |  |  | $ | 45.9 |
Investment in unconsolidated joint ventures | $ | — |  |  | $ | 14.1 |  |  | $ | — |  |  | $ | 14.1 |
Equity income in unconsolidated joint ventures | $ | — |  |  | $ | 4.4 |  |  | $ | — |  |  | $ | 4.4 |
December 31, 2021 |  |  |  |  |  |  |
Net sales - recognized over time | $ | 244.1 |  |  | $ | 14.9 |  |  | $ | 18.8 |  |  | $ | 277.8 |
Net sales - recognized at a point in time | $ | 290.4 |  |  | $ | 363.1 |  |  | $ | 1.6 |  |  | $ | 655.1 |
Total net sales | $ | 534.5 |  |  | $ | 378.0 |  |  | $ | 20.4 |  |  | $ | 932.9 |
Operating income | $ | 50.2 |  |  | $ | 60.1 |  |  | $ | 6.9 |  |  | $ | 117.2 |
Total assets | $ | 826.7 |  |  | $ | 759.6 |  |  | $ | 12.3 |  |  | $ | 1,598.6 |
Capital expenditures | $ | 38.9 |  |  | $ | 31.8 |  |  | $ | 0.4 |  |  | $ | 71.1 |
Depreciation & amortization | $ | 22.9 |  |  | $ | 19.7 |  |  | $ | 0.7 |  |  | $ | 43.3 |
Investment in unconsolidated joint ventures | $ | — |  |  | $ | 16.3 |  |  | $ | — |  |  | $ | 16.3 |
Equity income in unconsolidated joint ventures | $ | — |  |  | $ | 7.0 |  |  | $ | — |  |  | $ | 7.0 |
Operating Segment Net Sales by Geographic Area The following table presents net sales by our operating segment operations by geographic area for the years indicated:
(Dollars in millions) |  | Net Sales(1)
Region/Country |  | Advanced Electronics Solutions |  | Elastomeric Material Solutions |  | Other |  | Total
December 31, 2023 |  |  |  |  |  |  |  |
United States |  | $ | 81.1 |  |  | $ | 155.4 |  |  | $ | 3.9 |  |  | $ | 240.4 |
Other Americas |  | 3.6 |  |  | 13.7 |  |  | 0.3 |  |  | 17.6 |
Total Americas |  | 84.7 |  |  | 169.1 |  |  | 4.2 |  |  | 258.0 |
China |  | 144.6 |  |  | 93.0 |  |  | 4.3 |  |  | 241.9 |
Other APAC |  | 88.3 |  |  | 31.7 |  |  | 5.6 |  |  | 125.6 |
Total APAC |  | 232.9 |  |  | 124.7 |  |  | 9.9 |  |  | 367.5 |
Germany |  | 95.2 |  |  | 28.3 |  |  | 0.5 |  |  | 124.0 |
Other EMEA |  | 96.9 |  |  | 56.9 |  |  | 5.1 |  |  | 158.9 |
Total EMEA |  | 192.1 |  |  | 85.2 |  |  | 5.6 |  |  | 282.9 |
Total net sales |  | $ | 509.7 |  |  | $ | 379.0 |  |  | $ | 19.7 |  |  | $ | 908.4 |
December 31, 2022 |  |  |  |  |  |  |  |
United States |  | $ | 122.7 |  |  | $ | 169.4 |  |  | $ | 4.5 |  |  | $ | 296.6 |
Other Americas |  | 6.6 |  |  | 15.4 |  |  | 0.3 |  |  | 22.3 |
Total Americas |  | 129.3 |  |  | 184.8 |  |  | 4.8 |  |  | 318.9 |
China |  | 154.4 |  |  | 121.7 |  |  | 7.4 |  |  | 283.5 |
Other APAC |  | 75.2 |  |  | 31.4 |  |  | 2.7 |  |  | 109.3 |
Total APAC |  | 229.6 |  |  | 153.1 |  |  | 10.1 |  |  | 392.8 |
Germany |  | 78.7 |  |  | 30.4 |  |  | 1.1 |  |  | 110.2 |
Other EMEA |  | 92.6 |  |  | 51.7 |  |  | 5.0 |  |  | 149.3 |
Total EMEA |  | 171.3 |  |  | 82.1 |  |  | 6.1 |  |  | 259.5 |
Total net sales |  | $ | 530.2 |  |  | $ | 420.0 |  |  | $ | 21.0 |  |  | $ | 971.2 |
December 31, 2021 |  |  |  |  |  |  |  |
United States |  | $ | 93.6 |  |  | $ | 161.2 |  |  | $ | 4.5 |  |  | $ | 259.3 |
Other Americas |  | 3.1 |  |  | 10.2 |  |  | 0.8 |  |  | 14.1 |
Total Americas |  | 96.7 |  |  | 171.4 |  |  | 5.3 |  |  | 273.4 |
China |  | 193.4 |  |  | 122.0 |  |  | 4.8 |  |  | 320.2 |
Other APAC |  | 85.1 |  |  | 27.6 |  |  | 2.6 |  |  | 115.3 |
Total APAC |  | 278.5 |  |  | 149.6 |  |  | 7.4 |  |  | 435.5 |
Germany |  | 72.6 |  |  | 29.2 |  |  | 0.8 |  |  | 102.6 |
Other EMEA |  | 86.7 |  |  | 27.8 |  |  | 6.9 |  |  | 121.4 |
Total EMEA |  | 159.3 |  |  | 57.0 |  |  | 7.7 |  |  | 224.0 |
Total net sales |  | $ | 534.5 |  |  | $ | 378.0 |  |  | $ | 20.4 |  |  | $ | 932.9 |
(1) Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated. Our contract assets by operating segment were as follows:
| As of December 31,
(Dollars in millions) | 2023 |  | 2022
Advanced Electronics Solutions | $ | 41.4 |  |  | $ | 33.8 |
Elastomeric Material Solutions | 0.4 |  |  | 1.6 |
Other | 3.4 |  |  | 3.5 |
Total contract assets | $ | 45.2 |  |  | $ | 38.9 |
Schedule of Long-lived Assets By Geographic Region | Our long-lived assets(1) by geographic area were as follows:
| As of December 31,
(Dollars in millions) | 2023 |  | 2022
United States | $ | 384.1 |  |  | $ | 401.2 |
England | 166.7 |  |  | 161.9 |
Germany | 148.9 |  |  | 139.7 |
Other | 169.2 |  |  | 154.7 |
Total long-lived assets | $ | 868.9 |  |  | $ | 857.5 |
(1) Long-lived assets are based on the location of the asset and are comprised of goodwill, other intangible assets, property, plant and equipment and right-of-use assets. Countries with 10% or more of long-lived assets have been disclosed.

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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