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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
A summary of financial information by reportable segment is as follows:
December 31,202320222021
Net Sales:
Control Devices$342,065 $342,596 $355,775 
Inter-segment sales3,195 2,719 3,502 
Control Devices net sales345,260 345,315 359,276 
Electronics576,539 505,097 357,910 
Inter-segment sales31,621 28,709 26,192 
Electronics net sales608,160 533,806 384,103 
Stoneridge Brazil57,214 52,230 56,777 
Inter-segment sales13 32 — 
Stoneridge Brazil net sales57,227 52,262 56,777 
Eliminations(34,829)(31,460)(29,694)
Total net sales$975,818 $899,923 $770,462 
Operating Income (Loss):
Control Devices$13,582 $23,917 $54,933 
Electronics27,309 5,128 (12,502)
Stoneridge Brazil4,454 3,150 995 
Unallocated Corporate (A)
(32,509)(29,260)(28,015)
Total operating income$12,836 $2,935 $15,411 
Depreciation and Amortization:
Control Devices$12,414 $13,521 $15,351 
Electronics14,035 13,913 12,487 
Stoneridge Brazil4,801 3,939 3,856 
Unallocated Corporate2,388 2,318 2,134 
Total depreciation and amortization (B)
$33,638 $33,691 $33,828 
Interest Expense (Income), net:
Control Devices$149 $93 $132 
Electronics1,771 1,009 462 
Stoneridge Brazil(1,693)(1,282)(1,353)
Unallocated Corporate12,773 7,277 5,948 
Total interest expense, net$13,000 $7,097 $5,189 
Capital Expenditures:
Control Devices$9,230 $12,620 $9,154 
Electronics18,313 10,479 9,735 
Stoneridge Brazil3,054 3,480 2,918 
Unallocated Corporate(C)
1,229 653 1,142 
Total capital expenditures$31,826 $27,232 $22,949 
December 31,20232022
Total Assets:
Control Devices$159,612 $174,535 
Electronics404,994 369,232 
Stoneridge Brazil66,318 60,861 
Corporate (C)
419,469 419,469 
Eliminations(370,493)(371,992)
Total assets$679,900 $652,105 
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
The following table presents net sales and long-term assets for the geographic areas in which the Company operates:
December 31,202320222021
Net Sales:
North America$495,541 $444,928 $386,944 
South America57,214 52,230 56,777 
Europe and Other423,063 402,765 326,741 
Total net sales$975,818 $899,923 $770,462 
December 31,20232022
Long-term Assets:
North America$92,419 $92,149 
South America32,679 31,796 
Europe and Other125,412 118,609 
Total long-term assets$250,510 $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 receivables, fixed and leased assets for the headquarter building, information technology assets, equity investments and investments in subsidiaries.