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Segment Reporting | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Reporting | 14. Segment Reporting Operating segments are defined as components of an enterprise that are evaluated regularly by the Company’s chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is the chief executive officer. The Company has three reportable segments, Control Devices, Electronics and Stoneridge Brazil, which also represent its operating segments. The Control Devices reportable segment produces actuators, sensors, switches and connectors. The Electronics reportable segment produces driver information systems, camera-based vision systems, connectivity and compliance products and electronic control units. The Stoneridge Brazil reportable segment designs and manufactures vehicle tracking devices and monitoring services, vehicle security alarms and convenience accessories, in-vehicle audio and infotainment devices and telematics solutions. The accounting policies of the Company’s reportable segments are the same as those described in Note 2. The Company’s management evaluates the performance of its reportable segments based primarily on revenues from external customers, capital expenditures and operating income. Inter-segment sales are accounted for on terms similar to those to third parties and are eliminated upon consolidation. The financial information presented below is for our three reportable operating segments and includes adjustments for unallocated corporate costs and intercompany eliminations, where applicable. Such costs and eliminations do not meet the requirements for being classified as an operating segment. Corporate costs include various support functions, such as accounting/finance, executive administration, human resources, information technology and legal. A summary of financial information by reportable segment is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year ended December 31 | ​ | 2019 |  | 2018 |  | 2017
Net Sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Control Devices | ​ | $ | 431,560 | ​ | $ | 441,297 | ​ | $ | 447,528
Inter-segment sales | ​ | ​ | 6,438 | ​ | ​ | 8,348 | ​ | ​ | 5,044
Control Devices net sales | ​ | ​ | 437,998 | ​ | ​ | 449,645 | ​ | ​ | 452,572
Electronics | ​ | ​ | 335,195 | ​ | ​ | 344,727 | ​ | ​ | 282,383
Inter-segment sales | ​ | ​ | 33,735 | ​ | ​ | 37,126 | ​ | ​ | 39,501
Electronics net sales | ​ | ​ | 368,930 | ​ | ​ | 381,853 | ​ | ​ | 321,884
Stoneridge Brazil | ​ | ​ | 67,534 | ​ | ​ | 80,175 | ​ | ​ | 94,533
Inter-segment sales | ​ | ​ | 6 | ​ | ​ | 2 | ​ | ​ | 563
Stoneridge Brazil net sales | ​ | ​ | 67,540 | ​ | ​ | 80,177 | ​ | ​ | 95,096
Eliminations | ​ | ​ | (40,179) | ​ | ​ | (45,476) | ​ | ​ | (45,108)
Total net sales | ​ | $ | 834,289 | ​ | $ | 866,199 | ​ | $ | 824,444
Operating Income (Loss): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Control Devices | ​ | $ | 73,327 | ​ | $ | 64,191 | ​ | $ | 72,555
Electronics | ​ | ​ | 25,006 | ​ | ​ | 28,236 | ​ | ​ | 18,119
Stoneridge Brazil | ​ | ​ | 6,539 | ​ | ​ | 4,989 | ​ | ​ | 2,661
Unallocated Corporate (A) | ​ | ​ | (33,591) | ​ | ​ | (30,412) | ​ | ​ | (35,965)
Total operating income | ​ | $ | 71,281 | ​ | $ | 67,004 | ​ | $ | 57,370
Depreciation and Amortization: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Control Devices | ​ | $ | 13,397 | ​ | $ | 11,914 | ​ | $ | 10,887
Electronics | ​ | ​ | 9,872 | ​ | ​ | 8,982 | ​ | ​ | 8,143
Stoneridge Brazil | ​ | ​ | 6,338 | ​ | ​ | 7,443 | ​ | ​ | 8,316
Unallocated Corporate | ​ | ​ | 1,252 | ​ | ​ | 852 | ​ | ​ | 584
Total depreciation and amortization (B) | ​ | $ | 30,859 | ​ | $ | 29,191 | ​ | $ | 27,930
Interest Expense, net: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Control Devices | ​ | $ | 811 | ​ | $ | 76 | ​ | $ | 103
Electronics | ​ | ​ | 350 | ​ | ​ | 85 | ​ | ​ | 119
Stoneridge Brazil | ​ | ​ | 208 | ​ | ​ | 824 | ​ | ​ | 1,812
Unallocated Corporate | ​ | ​ | 2,955 | ​ | ​ | 3,735 | ​ | ​ | 3,749
Total interest expense, net | ​ | $ | 4,324 | ​ | $ | 4,720 | ​ | $ | 5,783
Capital Expenditures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Control Devices | ​ | $ | 12,646 | ​ | $ | 16,737 | ​ | $ | 17,484
Electronics | ​ | ​ | 15,476 | ​ | ​ | 5,965 | ​ | ​ | 8,158
Stoneridge Brazil | ​ | ​ | 5,003 | ​ | ​ | 3,242 | ​ | ​ | 3,831
Unallocated Corporate(C) | ​ | ​ | 2,699 | ​ | ​ | 3,083 | ​ | ​ | 2,697
Total capital expenditures | ​ | $ | 35,824 | ​ | $ | 29,027 | ​ | $ | 32,170
​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of December 31 | ​ | 2019 |  | 2018
Total Assets: | ​ | ​ | ​ | ​ | ​ | ​
Control Devices | ​ | $ | 191,491 | ​ | $ | 175,708
Electronics | ​ | ​ | 285,027 | ​ | ​ | 265,838
Stoneridge Brazil | ​ | ​ | 89,393 | ​ | ​ | 81,002
Corporate (C) | ​ | ​ | 358,766 | ​ | ​ | 359,837
Eliminations | ​ | ​ | (322,468) | ​ | ​ | (322,866)
Total assets | ​ | $ | 602,209 | ​ | $ | 559,519
​ The following table presents net sales and long-term assets for the geographic areas in which the Company operates: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year ended December 31 | ​ | 2019 |  | 2018 |  | 2017
Net Sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
North America | ​ | $ | 457,633 | ​ | $ | 480,511 | ​ | $ | 471,770
South America | ​ | ​ | 67,534 | ​ | ​ | 80,175 | ​ | ​ | 94,533
Europe and Other | ​ | ​ | 309,122 | ​ | ​ | 305,513 | ​ | ​ | 258,141
Total net sales | ​ | $ | 834,289 | ​ | $ | 866,199 | ​ | $ | 824,444
​
​ | ​ | ​ | ​ | ​ | ​ | ​
As of December 31 | ​ | 2019 |  | 2018
Long-term Assets: | ​ | ​ | ​ | ​ | ​ | ​
North America | ​ | $ | 87,430 | ​ | $ | 86,763
South America | ​ | ​ | 52,518 | ​ | ​ | 45,408
Europe and Other | ​ | ​ | 130,995 | ​ | ​ | 107,171
Total long-term assets | ​ | $ | 270,943 | ​ | $ | 239,342
​
(A) | Unallocated Corporate expenses include, among other items, accounting/finance, human resources, information technology and legal costs as well as share-based compensation.
​
(B) | These amounts represent depreciation and amortization on property, plant and equipment and certain intangible assets.
​
(C) | Assets located at Corporate consist primarily of cash, intercompany loan receivables, fixed and leased assets for the headquarter building, information technology assets, equity investments and investments in subsidiaries.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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