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Segment Reporting
9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s reportable segments are based on the internal reporting used by the Company’s Chief Executive Officer, who is the chief operating decision maker (CODM), to assess operating performance and make decisions about the allocation of resources. The Corporate Unallocated and Japan category includes non-reportable segments, as well as research and development and general and administrative costs, that the Company does not allocate directly to its operating segments.
Intercompany transactions primarily relate to intercontinental activity and have been eliminated and are excluded from the reported amounts. The difference between income from operations and pre-tax income relates to foreign currency-related gains and losses and interest income on cash balances and investments, which are not allocated to business segments.
Revenue and income from operations by reportable segment for the three and nine months ended September 30, 2024 and 2023 were as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(dollars in thousands)2024202320242023
Revenue:
United States$99,571 $103,940 $299,593 $298,007 
Europe26,048 26,765 79,547 80,822 
Total revenue$125,619 $130,705 $379,140 $378,829 
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in thousands)2024202320242023
Income (Loss) from Operations:
United States$25,687 $27,178 $76,260 $69,713 
Europe(2,398)(3,006)(6,574)(8,870)
Corporate Unallocated and Japan(14,709)(13,757)(48,280)(41,071)
Total Income from Operations$8,580 $10,415 $21,406 $19,772 
Total long-lived assets at September 30, 2024 and December 31, 2023 were as follows:
(in thousands)September 30,
2024
December 31,
2023
Total long-lived assets:
United States$187,130 $201,388 
Europe50,812 52,267 
Total Long-lived Assets$237,942 $253,655 
Revenue by product line for the three and nine months ended September 30, 2024 and 2023 were as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
(dollars in thousands)2024202320242023
Revenue:
Injection Molding$46,831 $51,688 $148,574 $152,455 
CNC Machining53,327 52,916 154,498 149,317 
3D Printing21,437 21,622 64,300 63,952 
Sheet Metal3,743 4,291 11,218 12,478 
Other Revenue281 188 550 627 
Total Revenue$125,619 $130,705 $379,140 $378,829