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v3.23.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | A summary of financial information by reportable segment is as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net Sales: |  |  |  |  |  |  |
Control Devices | $ | 92,120 |  |  | $ | 84,566 |  |  | $ | 178,062 |  |  | $ | 168,626 |
Inter-segment sales | 970 |  |  | 451 |  |  | 1,704 |  |  | 1,381 |
Control Devices net sales | 93,090 |  |  | 85,017 |  |  | 179,766 |  |  | 170,007 |
Electronics | 159,786 |  |  | 123,021 |  |  | 300,913 |  |  | 247,974 |
Inter-segment sales | 8,491 |  |  | 7,368 |  |  | 17,007 |  |  | 15,079 |
Electronics net sales | 168,277 |  |  | 130,389 |  |  | 317,920 |  |  | 263,053 |
Stoneridge Brazil | 14,908 |  |  | 13,349 |  |  | 29,164 |  |  | 25,394 |
Inter-segment sales | — |  |  | — |  |  | — |  |  | — |
Stoneridge Brazil net sales | 14,908 |  |  | 13,349 |  |  | 29,164 |  |  | 25,394 |
Eliminations | (9,461) |  |  | (7,819) |  |  | (18,711) |  |  | (16,460) |
Total net sales | $ | 266,814 |  |  | $ | 220,936 |  |  | $ | 508,139 |  |  | $ | 441,994 |
Operating Income (Loss): |  |  |  |  |  |  |
Control Devices | $ | 5,074 |  |  | $ | 4,118 |  |  | $ | 7,161 |  |  | $ | 10,894 |
Electronics | 7,444 |  |  | (2,524) |  |  | 8,844 |  |  | (5,236) |
Stoneridge Brazil | 899 |  |  | 970 |  |  | 2,242 |  |  | 1,462 |
Unallocated Corporate (A) | (9,086) |  |  | (8,492) |  |  | (17,945) |  |  | (16,032) |
Total operating income (loss) | $ | 4,331 |  |  | $ | (5,928) |  |  | $ | 302 |  |  | $ | (8,912) |
Depreciation and Amortization: |  |  |  |  |  |  |
Control Devices | $ | 3,099 |  |  | $ | 3,405 |  |  | $ | 6,273 |  |  | $ | 6,966 |
Electronics | 3,503 |  |  | 3,530 |  |  | 6,967 |  |  | 7,123 |
Stoneridge Brazil | 1,201 |  |  | 1,032 |  |  | 2,286 |  |  | 2,023 |
Unallocated Corporate | 605 |  |  | 567 |  |  | 1,207 |  |  | 1,128 |
Total depreciation and amortization (B) | $ | 8,408 |  |  | $ | 8,534 |  |  | $ | 16,733 |  |  | $ | 17,240 |
Interest Expense (Income), net: |  |  |  |  |  |  |
Control Devices | $ | 65 |  |  | $ | 18 |  |  | $ | 83 |  |  | $ | 43 |
Electronics | 511 |  |  | 228 |  |  | 996 |  |  | 301 |
Stoneridge Brazil | (319) |  |  | (533) |  |  | (589) |  |  | (691) |
Unallocated Corporate | 2,863 |  |  | 1,504 |  |  | 5,376 |  |  | 3,350 |
Total interest expense, net | $ | 3,120 |  |  | $ | 1,217 |  |  | $ | 5,866 |  |  | $ | 3,003 |
Capital Expenditures: |  |  |  |  |  |  |
Control Devices | $ | 2,019 |  |  | $ | 1,916 |  |  | $ | 3,975 |  |  | $ | 5,761 |
Electronics | 2,334 |  |  | 1,926 |  |  | 8,541 |  |  | 4,759 |
Stoneridge Brazil | 782 |  |  | 1,258 |  |  | 1,418 |  |  | 1,927 |
Unallocated Corporate(C) | 217 |  |  | 680 |  |  | 329 |  |  | 701 |
Total capital expenditures | $ | 5,352 |  |  | $ | 5,780 |  |  | $ | 14,263 |  |  | $ | 13,148 |
| June 30, 2023 |  | December 31, 2022
Total Assets: |  |  |
Control Devices | $ | 173,580 |  |  | $ | 174,535 |
Electronics | 396,649 |  |  | 369,232 |
Stoneridge Brazil | 67,173 |  |  | 60,861 |
Corporate (C) | 418,852 |  |  | 419,469 |
Eliminations | (370,757) |  |  | (371,992) |
Total assets | $ | 685,497 |  |  | $ | 652,105 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | The following tables present net sales and long-term assets for each of the geographic areas in which the Company operates:
| Three months ended June 30, |  | Six months ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net Sales: |  |  |  |  |  |  |
North America | $ | 135,590 |  |  | $ | 109,642 |  |  | $ | 259,313 |  |  | $ | 213,470 |
South America | 14,908 |  |  | 13,349 |  |  | 29,164 |  |  | 25,394 |
Europe and Other | 116,316 |  |  | 97,945 |  |  | 219,662 |  |  | 203,130 |
Total net sales | $ | 266,814 |  |  | $ | 220,936 |  |  | $ | 508,139 |  |  | $ | 441,994 |
| June 30, 2023 |  | December 31, 2022
Long-term Assets: |  |  |
North America | $ | 92,604 |  |  | $ | 92,149 |
South America | 33,850 |  |  | 31,796 |
Europe and Other | 120,460 |  |  | 118,609 |
Total long-term assets | $ | 246,914 |  |  | $ | 242,554 |
__________________________________________________________ (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 assets for the corporate headquarter building, leased assets, information technology assets, equity investments and investments in subsidiaries.

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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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