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Segment Reporting (Tables)

6 Months Ended

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.

X

- 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

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-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

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-Topic 220
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-Name Accounting Standards Codification
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-Publisher FASB
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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

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