XML 47 R37.htm IDEA: XBRL DOCUMENT v3.24.3

Operating Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

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
Three Months Ended September 30, 2024
Net sales - recognized over time						$	37.8					$	1.0					$	3.8					$	42.6
Net sales - recognized at a point in time						74.4						93.2						0.1						167.7
Total net sales						$	112.2					$	94.2					$	3.9					$	210.3
Operating income						$	0.3					$	13.2					$	1.1					$	14.6
Three Months Ended September 30, 2023
Net sales - recognized over time						$	60.7					$	1.3					$	4.1					$	66.1
Net sales - recognized at a point in time						65.6						96.7						0.7						163.0
Total net sales						$	126.3					$	98.0					$	4.8					$	229.1
Operating income						$	5.7					$	19.9					$	1.6					$	27.2
Nine Months Ended September 30, 2024
Net sales - recognized over time						$	130.2					$	4.3					$	13.1					$	147.6
Net sales - recognized at a point in time						219.6						270.3						0.4						490.3
Total net sales						$	349.8					$	274.6					$	13.5					$	637.9
Operating income						$	7.7					$	25.7					$	4.2					$	37.6
Nine Months Ended September 30, 2023
Net sales - recognized over time						$	180.3					$	17.4					$	12.0					$	209.7
Net sales - recognized at a point in time						212.1						278.2						3.8						494.1
Total net sales						$	392.4					$	295.6					$	15.8					$	703.8
Operating income						$	6.0					$	43.3					$	5.5					$	54.8

Net sales by operating segment and by geographic area were as follows:

(Dollars in millions)						Net Sales(1)
Region/Country						Advanced Electronics Solutions						Elastomeric Material Solutions						Other						Total
Three Months Ended September 30, 2024
United States						$	19.2					$	32.8					$	0.9					$	52.9
Other Americas						0.3						4.1						—						4.4
Total Americas						19.5						36.9						0.9						57.3
China						32.0						29.9						1.0						62.9
Other APAC						27.8						8.3						0.5						36.6
Total APAC						59.8						38.2						1.5						99.5
Germany						18.2						6.5						0.1						24.8
Other EMEA						14.7						12.6						1.4						28.7
Total EMEA						32.9						19.1						1.5						53.5
Total net sales						$	112.2					$	94.2					$	3.9					$	210.3
Three Months Ended September 30, 2023
United States						$	20.4					$	37.3					$	1.0					$	58.7
Other Americas						0.3						2.5						—						2.8
Total Americas						20.7						39.8						1.0						61.5
China						33.7						28.3						1.8						63.8
Other APAC						20.7						8.8						0.5						30.0
Total APAC						54.4						37.1						2.3						93.8
Germany						24.8						6.2						0.1						31.1
Other EMEA						26.4						14.9						1.4						42.7
Total EMEA						51.2						21.1						1.5						73.8
Total net sales						$	126.3					$	98.0					$	4.8					$	229.1

(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.

(Dollars in millions)						Net Sales(1)
Region/Country						Advanced Electronics Solutions						Elastomeric Material Solutions						Other						Total
Nine Months Ended September 30, 2024
United States						$	57.4					$	103.3					$	2.9					$	163.6
Other Americas						3.6						11.5						0.3						15.4
Total Americas						61.0						114.8						3.2						179.0
China						105.3						75.7						3.6						184.6
Other APAC						78.4						23.0						2.1						103.5
Total APAC						183.7						98.7						5.7						288.1
Germany						56.8						21.3						0.4						78.5
Other EMEA						48.3						39.8						4.2						92.3
Total EMEA						105.1						61.1						4.6						170.8
Total net sales						$	349.8					$	274.6					$	13.5					$	637.9
Nine Months Ended September 30, 2023
United States						$	63.3					$	123.1					$	3.1					$	189.5
Other Americas						3.2						12.0						0.3						15.5
Total Americas						66.5						135.1						3.4						205.0
China						110.2						69.2						6.2						185.6
Other APAC						67.8						23.8						1.9						93.5
Total APAC						178.0						93.0						8.1						279.1
Germany						74.0						22.4						0.3						96.7
Other EMEA						73.9						45.1						4.0						123.0
Total EMEA						147.9						67.5						4.3						219.7
Total net sales						$	392.4					$	295.6					$	15.8					$	703.8

(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.

Contract assets by operating segment were as follows:

(Dollars in millions)			September 30, 2024						December 31, 2023
Advanced Electronics Solutions			$	23.7					$	41.4
Elastomeric Material Solutions			0.2						0.4
Other			4.2						3.4
Total contract assets			$	28.1					$	45.2

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration