XML 47 R34.htm IDEA: XBRL DOCUMENT
v3.24.3

Segment Reporting (Tables) | 9 Months Ended
--- | ---
Sep. 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 September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net Sales: |  |  |  |  |  |  |
Control Devices | $ | 73,129 |  |  | $ | 89,344 |  |  | $ | 230,186 |  |  | $ | 267,406 |
Inter-segment sales | 1,160 |  |  | 733 |  |  | 2,946 |  |  | 2,437 |
Control Devices net sales | 74,289 |  |  | 90,077 |  |  | 233,132 |  |  | 269,843 |
Electronics | 127,483 |  |  | 134,652 |  |  | 422,777 |  |  | 435,565 |
Inter-segment sales | 8,184 |  |  | 8,649 |  |  | 22,492 |  |  | 25,656 |
Electronics net sales | 135,667 |  |  | 143,301 |  |  | 445,269 |  |  | 461,221 |
Stoneridge Brazil | 13,219 |  |  | 14,168 |  |  | 37,084 |  |  | 43,332 |
Inter-segment sales | 411 |  |  | — |  |  | 610 |  |  | — |
Stoneridge Brazil net sales | 13,630 |  |  | 14,168 |  |  | 37,694 |  |  | 43,332 |
Eliminations | (9,755) |  |  | (9,382) |  |  | (26,048) |  |  | (28,093) |
Total net sales | $ | 213,831 |  |  | $ | 238,164 |  |  | $ | 690,047 |  |  | $ | 746,303 |
Operating Income (Loss): |  |  |  |  |  |  |
Control Devices | $ | 2,131 |  |  | $ | 5,488 |  |  | $ | 8,020 |  |  | $ | 12,649 |
Electronics | 3,514 |  |  | 7,647 |  |  | 20,434 |  |  | 16,491 |
Stoneridge Brazil | 717 |  |  | 1,241 |  |  | 880 |  |  | 3,483 |
Unallocated Corporate (A) | (6,047) |  |  | (7,864) |  |  | (25,281) |  |  | (25,809) |
Total operating income | $ | 315 |  |  | $ | 6,512 |  |  | $ | 4,053 |  |  | $ | 6,814 |
Depreciation and Amortization: |  |  |  |  |  |  |
Control Devices | $ | 3,152 |  |  | $ | 3,100 |  |  | $ | 8,821 |  |  | $ | 9,373 |
Electronics | 4,030 |  |  | 3,521 |  |  | 11,794 |  |  | 10,488 |
Stoneridge Brazil | 1,155 |  |  | 1,259 |  |  | 3,652 |  |  | 3,545 |
Unallocated Corporate | 492 |  |  | 593 |  |  | 1,696 |  |  | 1,800 |
Total depreciation and amortization (B) | $ | 8,829 |  |  | $ | 8,473 |  |  | $ | 25,963 |  |  | $ | 25,206 |
Interest Expense (Income), net: |  |  |  |  |  |  |
Control Devices | $ | 9 |  |  | $ | 37 |  |  | $ | (10) |  |  | $ | 120 |
Electronics | 283 |  |  | 456 |  |  | 1,387 |  |  | 1,452 |
Stoneridge Brazil | (204) |  |  | (680) |  |  | (798) |  |  | (1,269) |
Unallocated Corporate | 3,516 |  |  | 3,500 |  |  | 10,460 |  |  | 8,876 |
Total interest expense, net | $ | 3,604 |  |  | $ | 3,313 |  |  | $ | 11,039 |  |  | $ | 9,179 |
Capital Expenditures: |  |  |  |  |  |  |
Control Devices | $ | 2,914 |  |  | $ | 2,986 |  |  | $ | 6,018 |  |  | $ | 6,961 |
Electronics | 1,298 |  |  | 4,710 |  |  | 5,652 |  |  | 13,251 |
Stoneridge Brazil | 484 |  |  | 889 |  |  | 2,223 |  |  | 2,307 |
Unallocated Corporate(C) | 212 |  |  | 371 |  |  | 972 |  |  | 700 |
Total capital expenditures | $ | 4,908 |  |  | $ | 8,956 |  |  | $ | 14,865 |  |  | $ | 23,219 |
| September 30, 2024 |  | December 31, 2023
Total Assets: |  |  |
Control Devices | $ | 153,043 |  |  | $ | 159,612 |
Electronics | 399,467 |  |  | 404,994 |
Stoneridge Brazil | 57,789 |  |  | 66,318 |
Corporate (C) | 453,201 |  |  | 419,469 |
Eliminations | (400,977) |  |  | (370,493) |
Total assets | $ | 662,523 |  |  | $ | 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 September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net Sales: |  |  |  |  |  |  |
North America | $ | 109,395 |  |  | $ | 126,499 |  |  | $ | 349,025 |  |  | $ | 385,813 |
South America | 13,219 |  |  | 14,168 |  |  | 37,084 |  |  | 43,332 |
Europe and Other | 91,217 |  |  | 97,497 |  |  | 303,938 |  |  | 317,158 |
Total net sales | $ | 213,831 |  |  | $ | 238,164 |  |  | $ | 690,047 |  |  | $ | 746,303 |
| September 30, 2024 |  | December 31, 2023
Long-term Assets: |  |  |
North America | $ | 95,612 |  |  | $ | 92,419 |
South America | 29,028 |  |  | 32,679 |
Europe and Other | 123,470 |  |  | 125,412 |
Total long-term assets | $ | 248,110 |  |  | $ | 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 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration