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Segment Reporting | 6 Months Ended
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Jun. 30, 2025
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 Company’s reportable segments are based upon geographic region, consisting of the United States and Europe. The Corporate Unallocated 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. The following table summarizes selected financial information by reportable segments:
Three Months Ended June 30, 2025
(in thousands) |  |  |  |  |  |  |
| United States |  | Europe |  | Corporate Unallocated |  | Total
Revenue | $ | 110,712 |  |  | $ | 24,351 |  |  | $ | — |  |  | $ | 135,063 |
Segment expenses 1 | 83,025 |  |  | 29,170 |  |  | 17,750 |  |  | 129,945 |
Exit, Disposal and Goodwill impairment costs | — |  |  | 149 |  |  | — |  |  | 149 |
Income (Loss) from Operations | $ | 27,687 |  |  | $ | (4,968) |  |  | $ | (17,750) |  |  | $ | 4,969 |
Three Months Ended June 30, 2024
(in thousands) |  |  |  |  |  |  |
| United States |  | Europe |  | Corporate Unallocated |  | Total
Revenue | $ | 98,541 |  |  | $ | 27,090 |  |  | $ | — |  |  | $ | 125,631 |
Segment expenses 1 | 74,300 |  |  | 28,822 |  |  | 16,510 |  |  | 119,632 |
Exit, Disposal and Goodwill impairment costs | — |  |  | — |  |  | — |  |  | — |
Income (Loss) from Operations | $ | 24,241 |  |  | $ | (1,732) |  |  | $ | (16,510) |  |  | $ | 5,999 |
Six Months Ended June 30, 2025
(in thousands) |  |  |  |  |  |  |
| United States |  | Europe |  | Corporate Unallocated |  | Total
Revenue | $ | 210,979 |  |  | $ | 50,289 |  |  | $ | — |  |  | $ | 261,268 |
Segment expenses 1 | 157,795 |  |  | 58,970 |  |  | 34,893 |  |  | 251,658 |
Exit, Disposal and Goodwill impairment costs | — |  |  | 110 |  |  | — |  |  | 110 |
Income (Loss) from Operations | $ | 53,184 |  |  | $ | (8,791) |  |  | $ | (34,893) |  |  | $ | 9,500 |
Six Months Ended June 30, 2024
(in thousands) |  |  |  |  |  |  |
| United States |  | Europe |  | Corporate Unallocated |  | Total
Revenue | $ | 200,022 |  |  | $ | 53,499 |  |  | $ | — |  |  | $ | 253,521 |
Segment expenses 1 | 149,449 |  |  | 57,675 |  |  | 33,571 |  |  | 240,695 |
Exit, Disposal and Goodwill impairment costs | — |  |  | — |  |  | — |  |  | — |
Income (Loss) from Operations | $ | 50,573 |  |  | $ | (4,176) |  |  | $ | (33,571) |  |  | $ | 12,826 |
1 Segment expenses consist primarily of raw materials, equipment depreciation, employee compensation including benefits, commissions and stock-based compensation, facilities costs and overhead allocations associated with the manufacturing process for molds and custom parts, marketing programs such as electronic, print and pay-per-click advertising and trade shows and other related costs for our United States and Europe reportable segments. Segment expenses for our Corporate Unallocated reportable segment consist primarily of personnel and outside service costs related to the development of new processes and product lines, enhancements of existing product lines, software developed for internal use, maintenance of internally developed software, quality assurance and testing, employee compensation including benefits and stock-based compensation, severance, professional service fees related to accounting, tax and legal, and other related overhead costs. Total long-lived assets, expenditures for additions to long-lived assets, and depreciation and amortization expense were as follows:
(in thousands) | June 30, 2025 |  | December 31, 2024
Total long-lived assets: |  |  |
United States | $ | 171,170 |  |  | $ | 181,291 |
Europe | 44,607 |  |  | 45,972 |
Total Long-lived Assets | $ | 215,777 |  |  | $ | 227,263 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Expenditures for additions to long-lived assets: |  |  |  |  |  |  |
United States | $ | 1,125 |  |  | $ | 3,532 |  |  | $ | 2,293 |  |  | $ | 4,366 |
Europe | 343 |  |  | 665 |  |  | 437 |  |  | 2,418 |
Total expenditures for additions to long-lived assets | $ | 1,468 |  |  | $ | 4,197 |  |  | $ | 2,730 |  |  | $ | 6,784 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Depreciation and Amortization: |  |  |  |  |  |  |
United States | $ | 7,003 |  |  | $ | 7,186 |  |  | $ | 14,012 |  |  | $ | 14,511 |
Europe | 1,484 |  |  | 1,732 |  |  | 3,090 |  |  | 3,476 |
Corporate Unallocated | 83 |  |  | 54 |  |  | $ | 162 |  |  | $ | 88 |
Total depreciation and amortization | $ | 8,570 |  |  | $ | 8,972 |  |  | $ | 17,264 |  |  | $ | 18,075 |
Revenue by product line the three and six months ended June 30, 2025 and 2024 were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(dollars in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Revenue: |  |  |  |  |  |  |
Injection Molding | $ | 47,415 |  |  | $ | 49,080 |  |  | $ | 96,138 |  |  | $ | 101,743 |
CNC Machining | 61,945 |  |  | 51,239 |  |  | 114,788 |  |  | 101,171 |
3D Printing | 21,215 |  |  | 21,281 |  |  | 41,409 |  |  | 42,863 |
Sheet Metal | 4,303 |  |  | 3,922 |  |  | 8,514 |  |  | 7,475 |
Other Revenue | 185 |  |  | 109 |  |  | 419 |  |  | 269 |
Total Revenue | $ | 135,063 |  |  | $ | 125,631 |  |  | $ | 261,268 |  |  | $ | 253,521 |

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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 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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