XML 23 R11.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information Our business is aggregated into the following two reportable segments: •Mobile Solutions, which is focused on growth in the automotive and general industrial end markets; and •Power Solutions, which is focused on growth in the electrical, general industrial, automotive, aerospace, defense, and medical end markets. These divisions are considered our two operating segments as each engages 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. Historically, we had a third operating segment, Life Sciences, that was focused on growth in the medical end market. 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 the three and six months ended June 30, 2020, and therefore 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
Three Months Ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  | $ | 73,886 |  |  | $ | 49,271 |  |  | $ | — |  |  | (a) |  | $ | 123,157 |
Income (loss) from operations |  |  | 2,509 |  |  | 2,875 |  |  | (6,972) |  |  |  |  | $ | (1,588) |
Interest expense |  |  |  |  |  |  |  |  |  |  | (3,573) |
Other |  |  |  |  |  |  |  |  |  |  | (1,680) |
Loss from continuing operations before income taxes and share of net income from joint venture |  |  |  | $ | (6,841) |
Three Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  | $ | 41,037 |  |  | $ | 37,491 |  |  | $ | 4 |  |  | (a) |  | $ | 78,532 |
Income (loss) from operations |  |  | (4,592) |  |  | 1,454 |  |  | (8,039) |  |  |  |  | $ | (11,177) |
Interest expense |  |  |  |  |  |  |  |  |  |  | (6,356) |
Other |  |  |  |  |  |  |  |  |  |  | 1,215 |
Loss from continuing operations before income taxes and share of net income from joint venture |  |  |  | $ | (16,318) |
|  |  | Mobile Solutions |  | Power Solutions |  | Corporate and Consolidations |  |  |  | Total
Six Months Ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  | $ | 151,662 |  |  | $ | 98,346 |  |  | $ | (47) |  |  | (a) |  | $ | 249,961 |
Income (loss) from operations |  |  | 8,599 |  |  | 5,307 |  |  | (14,516) |  |  |  |  | $ | (610) |
Interest expense |  |  |  |  |  |  |  |  |  |  | (5,597) |
Other |  |  |  |  |  |  |  |  |  |  | (7,698) |
Loss from continuing operations before income taxes and share of net income from joint venture |  |  |  | $ | (13,905) |
Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  | $ | 110,921 |  |  | $ | 83,892 |  |  | $ | (68) |  |  | (a) |  | $ | 194,745 |
Goodwill impairment |  |  | — |  |  | 92,942 |  |  | — |  |  |  |  | 92,942 |
Loss from operations |  |  | (4,328) |  |  | (88,880) |  |  | (21,819) |  |  |  |  | $ | (115,027) |
Interest expense |  |  |  |  |  |  |  |  |  |  | (10,163) |
Other |  |  |  |  |  |  |  |  |  |  | (329) |
Loss from continuing operations before income taxes and share of net income from joint venture |  |  |  | $ | (125,519) |
_______________________________ (a)Includes elimination of intersegment transactions occurring during the ordinary course of business. As of June 30, 2021, and December 31, 2020, one customer represented 11% and 11%, respectively, of consolidated accounts receivable. Amounts due from this customer are primarily related to Mobile Solutions.

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

X
- 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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration