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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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 June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Net Sales:
Control Devices			$	79,899					$	92,120					$	157,057					$	178,062
Inter-segment sales			955						970						1,786						1,704
Control Devices net sales			80,854						93,090						158,843						179,766
Electronics			145,511						159,786						295,294						300,913
Inter-segment sales			7,967						8,491						14,308						17,007
Electronics net sales			153,478						168,277						309,602						317,920
Stoneridge Brazil			11,649						14,908						23,865						29,164
Inter-segment sales			199						—						199						—
Stoneridge Brazil net sales			11,848						14,908						24,064						29,164
Eliminations			(9,121)						(9,461)						(16,293)						(18,711)
Total net sales			$	237,059					$	266,814					$	476,216					$	508,139
Operating Income (Loss):
Control Devices			$	3,725					$	5,074					$	5,889					$	7,161
Electronics			9,831						7,444						16,920						8,844
Stoneridge Brazil			(41)						899						163						2,242
Unallocated Corporate (A)			(10,108)						(9,086)						(19,234)						(17,945)
Total operating income			$	3,407					$	4,331					$	3,738					$	302
Depreciation and Amortization:
Control Devices			$	2,806					$	3,099					$	5,669					$	6,273
Electronics			3,903						3,503						7,764						6,967
Stoneridge Brazil			1,221						1,201						2,497						2,286
Unallocated Corporate			620						605						1,204						1,207
Total depreciation and amortization (B)			$	8,550					$	8,408					$	17,134					$	16,733
Interest Expense (Income), net:
Control Devices			$	(19)					$	65					$	(19)					$	83
Electronics			501						511						1,104						996
Stoneridge Brazil			(224)						(319)						(594)						(589)
Unallocated Corporate			3,543						2,863						6,944						5,376
Total interest expense, net			$	3,801					$	3,120					$	7,435					$	5,866
Capital Expenditures:
Control Devices			$	1,587					$	2,019					$	3,104					$	3,975
Electronics			2,977						2,334						4,354						8,541
Stoneridge Brazil			799						782						1,739						1,418
Unallocated Corporate(C)			326						217						760						329
Total capital expenditures			$	5,689					$	5,352					$	9,957					$	14,263

			June 30, 2024						December 31, 2023
Total Assets:
Control Devices			$	156,173					$	159,612
Electronics			400,787						404,994
Stoneridge Brazil			54,100						66,318
Corporate (C)			455,731						419,469
Eliminations			(400,140)						(370,493)
Total assets			$	666,651					$	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 June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Net Sales:
North America			$	121,515					$	135,590					$	239,630					$	259,313
South America			11,649						14,908						23,865						29,164
Europe and Other			103,895						116,316						212,721						219,662
Total net sales			$	237,059					$	266,814					$	476,216					$	508,139

			June 30, 2024						December 31, 2023
Long-term Assets:
North America			$	97,959					$	92,419
South America			28,704						32,679
Europe and Other			118,030						125,412
Total long-term assets			$	244,693					$	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
-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

Reference 2: 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

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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

Reference 1: 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 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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