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Segment and Geographic Data (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Reporting Segment Information | The following table sets forth reporting segment information (in thousands):
| Sensors |  | Weighing Solutions |  | Measurement Systems |  | Corporate/ Other |  | Total
2023 |  |  |  |  |  |  |  |  |
Net third-party revenues | $ | 139,783 |  |  | $ | 122,528 |  |  | $ | 92,737 |  |  | $ | — |  |  | $ | 355,048 |
Intersegment revenues | 1,743 |  |  | — |  |  | — |  |  | (1,743) |  |  | — |
Gross profit | 55,130 |  |  | 45,276 |  |  | 49,936 |  |  | — |  |  | 150,342 |
Segment operating income (loss) | 34,825 |  |  | 21,570 |  |  | 20,607 |  |  | (35,048) |  |  | 41,954 |
Restructuring costs | — |  |  | 1,478 |  |  | 32 |  |  | 50 |  |  | 1,560 |
Depreciation and amortization expense | 6,141 |  |  | 3,389 |  |  | 4,239 |  |  | 1,781 |  |  | 15,550 |
Capital expenditures | 8,181 |  |  | 6,447 |  |  | 1,111 |  |  | 2 |  |  | 15,741 |
Total assets | 156,384 |  |  | 142,152 |  |  | 154,559 |  |  | 18,471 |  |  | 471,566 |
2022 |  |  |  |  |  |  |  |  |
Net third-party revenues | $ | 152,221 |  |  | $ | 125,715 |  |  | $ | 84,644 |  |  | $ | — |  |  | $ | 362,580 |
Intersegment revenues | 2,121 |  |  | — |  |  | — |  |  | (2,121) |  |  | — |
Gross profit | 61,087 |  |  | 43,178 |  |  | 45,337 |  |  | — |  |  | 149,602 |
Segment operating income (loss) | 41,671 |  |  | 21,232 |  |  | 18,399 |  |  | (37,503) |  |  | 43,799 |
Restructuring costs | 1,460 |  |  | — |  |  | 58 |  |  | — |  |  | 1,518 |
Depreciation and amortization expense | 5,816 |  |  | 3,343 |  |  | 4,308 |  |  | 1,886 |  |  | 15,353 |
Capital expenditures | 11,515 |  |  | 7,094 |  |  | 1,324 |  |  | 18 |  |  | 19,951 |
Total assets | 156,816 |  |  | 148,041 |  |  | 153,547 |  |  | 18,338 |  |  | 476,742 |
2021 |  |  |  |  |  |  |  |  |
Net third-party revenues | $ | 127,861 |  |  | $ | 125,390 |  |  | $ | 64,668 |  |  | $ | — |  |  | $ | 317,919 |
Intersegment revenues | 3,487 |  |  | — |  |  | — |  |  | (3,487) |  |  | — |
Gross profit | 45,474 |  |  | 45,900 |  |  | 33,768 |  |  | — |  |  | 125,142 |
Segment operating income (loss) | 26,527 |  |  | 23,184 |  |  | 13,480 |  |  | (35,819) |  |  | 27,372 |
Acquisition costs | — |  |  | — |  |  | 1,198 |  |  | — |  |  | 1,198 |
Impairment of goodwill and indefinite-lived intangibles | — |  |  | — |  |  | 1,223 |  |  | — |  |  | 1,223 |
Restructuring costs | — |  |  | 76 |  |  | — |  |  | — |  |  | 76 |
Depreciation and amortization expense | 5,967 |  |  | 3,415 |  |  | 3,834 |  |  | 1,780 |  |  | 14,996 |
Capital expenditures | 13,213 |  |  | 3,434 |  |  | 913 |  |  | 7 |  |  | 17,567 |
Total assets | 142,510 |  |  | 152,399 |  |  | 159,816 |  |  | 7,164 |  |  | 461,889 |
Reporting Segment Information, Corporate Other and Excluded Items | The “Corporate/Other” column for segment operating income (loss) includes unallocated selling, general, and administrative expenses and certain items which management excludes from segment results when evaluating segment performance, as follows (in thousands):
| Years ended December 31,
| 2023 |  | 2022 |  | 2021
Unallocated selling, general, and administrative expenses | $ | (33,488) |  |  | $ | (35,985) |  |  | $ | (33,322) |
Acquisition costs | — |  |  | — |  |  | (1,198) |
Impairment of goodwill and indefinite-lived intangibles | — |  |  | — |  |  | (1,223) |
Restructuring costs | (1,560) |  |  | (1,518) |  |  | (76) |
| $ | (35,048) |  |  | $ | (37,503) |  |  | $ | (35,819) |
Revenue From External Customers and Long-Lived Assets, by Geographical Areas | The following geographic data includes property and equipment based on physical location (in thousands):
| December 31,
Property and Equipment - Net | 2023 |  | 2022
United States | $ | 12,935 |  |  | $ | 12,651 |
United Kingdom | 3,364 |  |  | 3,368 |
Other Europe | 1,957 |  |  | 1,721 |
Israel | 43,987 |  |  | 44,551 |
Asia | 26,946 |  |  | 23,264 |
Canada and Other | 1,447 |  |  | 1,572 |
| $ | 90,636 |  |  | $ | 87,127 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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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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