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Segment Information | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Segment Information | Segment Information Our business has historically been aggregated into the following three reportable segments. •Mobile Solutions. Mobile Solutions is focused on growth in the general industrial and automotive end markets. We have developed an expertise in manufacturing highly complex, system critical components for fuel systems, engines and transmissions, power steering systems, and electromechanical motors on a high-volume basis. This expertise has been gained through investment in technical capabilities, processes and systems, and skilled program management and product launch capabilities. •Power Solutions. Power Solutions is focused on growth in the electrical and aerospace and defense end markets, while also serving the automotive and medical end markets. Within this group we combine materials science expertise with advanced engineering and production capabilities to design and manufacture a broad range of high-precision metal and plastic components, assemblies, and finished devices used in applications ranging from power control to flight control and for military devices. We manufacture a variety of products including electrical contacts, connectors, contact assemblies, and precision stampings for the electrical end market and high precision products for the aerospace and defense end market utilizing our extensive process technologies for optical grade plastics, thermally conductive plastics, titanium, Inconel, magnesium, and electroplating. Our medical business includes the production of a variety of tools and instruments for the orthopaedics and medical/surgical end markets. •Life Sciences. Life Sciences was focused on growth in the medical end market, primarily in the orthopaedics and medical/surgical end markets. Within this group we combined advanced engineering and production capabilities to design and manufacture a broad range of high-precision metal and plastic components, assemblies, and finished devices. We manufactured a variety of components, assemblies, and instruments, such as surgical knives, bioresorbable implants, surgical staples, cases and trays, orthopaedic implants and tools, laparoscopic devices, and drug delivery devices for the orthopaedics and medical/surgical end markets. These divisions have historically been considered our three operating segments as each has engaged in business activities for which it earns revenues and incurs expenses, discrete financial information is available for each, and this is the level at which the chief operating decision maker reviews discrete financial information for purposes of allocating resources and assessing performance. See Note 2 for information regarding the sale of the Life Sciences business on October 6, 2020. The results of the Life Sciences business are classified as discontinued operations for all periods in the consolidated financial statements and accompanying notes unless otherwise stated. Accordingly, results of the Life Sciences business are not included in the tabular presentation below. The following tables present results of continuing operations by reportable segment.
|  |  |  | Mobile Solutions |  | Power Solutions |  | Corporate and Consolidations |  | Total
Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  | $ | 256,360 |  |  | $ | 171,269 |  |  | $ | (95) |  | (a) | $ | 427,534 |
Depreciation and amortization |  |  |  | 28,298 |  |  | 15,730 |  |  | 1,652 |  |  | 45,680 |
Goodwill impairment |  |  |  | — |  |  | 92,942 |  |  | — |  |  | 92,942 |
Income (loss) from operations |  |  |  | 5,228 |  |  | (85,983) |  |  | (36,702) |  |  | $ | (117,457) |
Interest expense |  |  |  |  |  |  |  |  |  | (18,898) |
Other |  |  |  |  |  |  |  |  |  | (15,733) |
Loss from continuing operations before income taxes and share of net income from joint venture |  | $ | (152,088) |
Share of net income from joint venture |  |  |  | $ | 3,626 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,626 |
Expenditures for long-lived assets |  |  |  | 12,400 |  |  | 2,754 |  |  | 203 |  |  | 15,357 |
Total assets |  |  |  | 370,985 |  | (b) | 197,348 |  |  | 56,629 |  |  | 624,962 |
|  |  |  | Mobile Solutions |  | Power Solutions |  | Corporate and Consolidations |  | Total
Year Ended December 31, 2019 |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  | $ | 297,749 |  |  | $ | 192,100 |  |  | $ | (335) |  | (a) | $ | 489,514 |
Depreciation and amortization |  |  |  | 27,146 |  |  | 15,301 |  |  | 2,449 |  |  | 44,896 |
Income (loss) from operations |  |  |  | 9,553 |  |  | 13,881 |  |  | (41,027) |  |  | $ | (17,593) |
Interest expense |  |  |  |  |  |  |  |  |  | (13,030) |
Other |  |  |  |  |  |  |  |  |  | (1,502) |
Loss from continuing operations before income taxes and share of net income from joint venture |  | $ | (32,125) |
Share of net income from joint venture |  |  |  | $ | 1,681 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,681 |
Expenditures for long-lived assets |  |  |  | 24,969 |  |  | 4,457 |  |  | 2,743 |  |  | 32,169 |
Total assets |  |  |  | 373,256 |  | (b) | 310,545 |  |  | 858,183 |  | (c) | 1,541,984 |
|  |  |  | Mobile Solutions |  | Power Solutions |  | Corporate and Consolidations |  | Total
Year Ended December 31, 2018 |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  | $ | 335,037 |  |  | $ | 189,778 |  |  | $ | (621) |  | (a) | $ | 524,194 |
Depreciation and amortization |  |  |  | 26,217 |  |  | 14,753 |  |  | 2,056 |  |  | 43,026 |
Goodwill impairment |  |  |  | 73,442 |  |  | 109,100 |  |  | — |  |  | 182,542 |
Loss from operations |  |  |  | (55,079) |  |  | (95,115) |  |  | (44,853) |  |  | $ | (195,047) |
Interest expense |  |  |  |  |  |  |  |  |  | (11,315) |
Other |  |  |  |  |  |  |  |  |  | (2,016) |
Loss from continuing operations before income taxes and share of net loss from joint venture |  | $ | (208,378) |
Share of net loss from joint venture |  |  |  | $ | (14,390) |  |  | $ | — |  |  | $ | — |  |  | $ | (14,390) |
Expenditures for long-lived assets |  |  |  | 36,660 |  |  | 6,459 |  |  | 6,158 |  |  | 49,277 |
_______________________________ (a) Includes eliminations of intersegment transactions which occur during the ordinary course of business. (b) Total assets in Mobile Solutions includes $27.0 million and $21.8 million as of December 31, 2020 and 2019, respectively, related to the investment in our 49% owned joint venture (Note 10). (c) Total assets in Corporate and Consolidations includes $812.1 million in assets of discontinued operations. The following table summarizes long-lived tangible assets by geographical region.
|  | Property, Plant, and Equipment, Net As of December 31,
|  | 2020 |  | 2019
United States |  | $ | 130,077 |  |  | $ | 158,444 |
Europe |  | $ | 40,663 |  |  | $ | 38,082 |
Asia |  | 33,854 |  |  | 33,058 |
Mexico |  | 1,230 |  |  | 1,388 |
South America |  | 17,866 |  |  | 25,005 |
All foreign locations |  | $ | 93,613 |  |  | $ | 97,533 |
Total |  | $ | 223,690 |  |  | $ | 255,977 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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