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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

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-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
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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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