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Segment Reporting (Tables)

9 Months Ended

Sep. 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 September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Net Sales:
Control Devices			$	89,344					$	88,901					$	267,406					$	257,527
Inter-segment sales			733						474						2,437						1,855
Control Devices net sales			90,077						89,375						269,843						259,382
Electronics			134,652						124,066						435,565						372,040
Inter-segment sales			8,649						5,948						25,656						21,027
Electronics net sales			143,301						130,014						461,221						393,067
Stoneridge Brazil			14,168						13,790						43,332						39,184
Inter-segment sales			—						22						—						22
Stoneridge Brazil net sales			14,168						13,812						43,332						39,206
Eliminations			(9,382)						(6,444)						(28,093)						(22,904)
Total net sales			$	238,164					$	226,757					$	746,303					$	668,751
Operating Income (Loss):
Control Devices			$	5,488					$	7,522					$	12,649					$	18,416
Electronics			7,647						5,416						16,491						180
Stoneridge Brazil			1,241						908						3,483						2,370
Unallocated Corporate (A)			(7,864)						(7,983)						(25,809)						(24,015)
Total operating income (loss)			$	6,512					$	5,863					$	6,814					$	(3,049)
Depreciation and Amortization:
Control Devices			$	3,100					$	3,325					$	9,373					$	10,291
Electronics			3,521						3,372						10,488						10,495
Stoneridge Brazil			1,259						968						3,545						2,991
Unallocated Corporate			593						589						1,800						1,717
Total depreciation and amortization (B)			$	8,473					$	8,254					$	25,206					$	25,494
Interest Expense (Income), net:
Control Devices			$	37					$	30					$	120					$	73
Electronics			456						279						1,452						580
Stoneridge Brazil			(680)						(298)						(1,269)						(989)
Unallocated Corporate			3,500						1,834						8,876						5,184
Total interest expense, net			$	3,313					$	1,845					$	9,179					$	4,848
Capital Expenditures:
Control Devices			$	2,986					$	3,536					$	6,961					$	9,297
Electronics			4,710						2,293						13,251						7,052
Stoneridge Brazil			889						757						2,307						2,684
Unallocated Corporate(C)			371						(52)						700						649
Total capital expenditures			$	8,956					$	6,534					$	23,219					$	19,682

			September 30, 2023						December 31, 2022
Total Assets:
Control Devices			$	174,191					$	174,535
Electronics			393,385						369,232
Stoneridge Brazil			65,430						60,861
Corporate (C)			416,377						419,469
Eliminations			(370,609)						(371,992)
Total assets			$	678,774					$	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 September 30,												Nine months ended September 30,
			2023						2022						2023						2022
Net Sales:
North America			$	126,499					$	117,010					$	385,813					$	330,480
South America			14,168						13,790						43,332						39,184
Europe and Other			97,497						95,957						317,158						299,087
Total net sales			$	238,164					$	226,757					$	746,303					$	668,751

			September 30, 2023						December 31, 2022
Long-term Assets:
North America			$	91,019					$	92,149
South America			32,688						31,796
Europe and Other			118,649						118,609
Total long-term assets			$	242,356					$	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
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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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