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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

A summary of financial information by reportable segment is as follows:

			Three months ended March 31,
			2024						2023
Net Sales:
Control Devices			$	77,158					$	85,942
Inter-segment sales			831						734
Control Devices net sales			77,989						86,676
Electronics			149,783						141,127
Inter-segment sales			6,341						8,516
Electronics net sales			156,124						149,643
Stoneridge Brazil			12,216						14,256
Inter-segment sales			—						—
Stoneridge Brazil net sales			12,216						14,256
Eliminations			(7,172)						(9,250)
Total net sales			$	239,157					$	241,325
Operating Income (Loss):
Control Devices			$	2,164					$	2,087
Electronics			7,089						1,400
Stoneridge Brazil			204						1,343
Unallocated Corporate (A)			(9,126)						(8,859)
Total operating income (loss)			$	331					$	(4,029)
Depreciation and Amortization:
Control Devices			$	2,863					$	3,174
Electronics			3,861						3,464
Stoneridge Brazil			1,276						1,085
Unallocated Corporate			584						602
Total depreciation and amortization (B)			$	8,584					$	8,325
Interest Expense (Income), net:
Control Devices			$	—					$	18
Electronics			603						485
Stoneridge Brazil			(370)						(270)
Unallocated Corporate			3,401						2,513
Total interest expense, net			$	3,634					$	2,746
Capital Expenditures:
Control Devices			$	1,517					$	1,956
Electronics			1,377						6,207
Stoneridge Brazil			940						636
Unallocated Corporate(C)			434						112
Total capital expenditures			$	4,268					$	8,911

			March 31, 2024						December 31, 2023
Total Assets:
Control Devices			$	156,424					$	159,612
Electronics			407,326						404,994
Stoneridge Brazil			59,782						66,318
Corporate (C)			422,257						419,469
Eliminations			(370,377)						(370,493)
Total assets			$	675,412					$	679,900

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 March 31,
			2024						2023
Net Sales:
North America			$	118,116					$	123,726
South America			12,216						14,256
Europe and Other			108,825						103,343
Total net sales			$	239,157					$	241,325

			March 31, 2024						December 31, 2023
Long-term Assets:
North America			$	93,228					$	92,419
South America			31,253						32,679
Europe and Other			119,588						125,412
Total long-term assets			$	244,069					$	250,510

__________________________________________________________

(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

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

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X

- 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

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