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Segment Information | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Information | Segment Information Our business is aggregated into the following two reportable segments. •Mobile Solutions. Mobile Solutions is focused on growth in the automotive and general industrial end markets. We have developed an expertise in manufacturing highly complex, tight tolerance, system critical components. Our technical capabilities can be utilized in numerous applications including for use in battery electric, hybrid electric, and internal combustion engine vehicles. The group currently manufactures components on a high-volume basis for use in power steering, braking, transmissions, and gasoline fuel system applications, along with components utilized in heating, ventilation and air conditioning and diesel injection and diesel emissions treatment applications. This expertise has been gained through investment in technical capabilities, processes and systems, and allows us to provide skilled program management and product launch capabilities. •Power Solutions. Power Solutions is focused on growth in the electrical, general industrial, 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 transportation electrification. 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. These divisions are considered our two 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. The following table presents our financial performance by reportable segment.
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Net sales: |  |  |  |  |
Mobile Solutions | $ | 293,536 |  |  | $ | 285,863 |  |  | $ | 256,360 |
Power Solutions | 205,204 |  |  | 191,800 |  |  | 171,269 |
Corporate and Consolidations (1) | (2) |  |  | (79) |  |  | (95) |
Total | $ | 498,738 |  |  | $ | 477,584 |  |  | $ | 427,534 |
Income (loss) from operations: |  |  |  |  |
Mobile Solutions | $ | (2,165) |  |  | $ | 9,039 |  |  | $ | 5,228 |
Power Solutions | 3,536 |  |  | 6,493 |  |  | (85,983) |
Corporate and Consolidations | (22,463) |  |  | (24,536) |  |  | (36,702) |
Total | $ | (21,092) |  |  | $ | (9,004) |  |  | $ | (117,457) |
Depreciation and amortization: |  |  |  |  |
Mobile Solutions | $ | 28,192 |  |  | $ | 28,769 |  |  | $ | 28,298 |
Power Solutions | 17,483 |  |  | 15,892 |  |  | 15,730 |
Corporate and Consolidations | 1,556 |  |  | 1,534 |  |  | 1,652 |
Total | $ | 47,231 |  |  | $ | 46,195 |  |  | $ | 45,680 |
Expenditures for long-lived assets: |  |  |  |  |
Mobile Solutions | $ | 14,590 |  |  | $ | 15,411 |  |  | $ | 12,400 |
Power Solutions | 2,401 |  |  | 2,200 |  |  | 2,754 |
Corporate and Consolidations | 961 |  |  | 610 |  |  | 203 |
Total | $ | 17,952 |  |  | $ | 18,221 |  |  | $ | 15,357 |
_______________________________ (1) Includes eliminations of intersegment transactions which occur during the ordinary course of business. The following table summarizes total assets by reportable segment.
| As of December 31,
| 2022 |  | 2021
Mobile Solutions (1) | $ | 338,338 |  |  | $ | 357,171 |
Power Solutions | 178,129 |  |  | 184,196 |
Corporate and Consolidations | 29,660 |  |  | 37,734 |
Total | $ | 546,127 |  |  | $ | 579,101 |
_______________________________ (1) Total assets in Mobile Solutions includes $31.8 million and $34.0 million as of December 31, 2022 and 2021, respectively, related to the investment in our 49% owned joint venture (Note 9). The following table summarizes long-lived tangible assets by country.
| As of December 31,
| 2022 |  | 2021
United States | $ | 104,360 |  |  | $ | 112,430 |
China | 29,603 |  |  | 32,605 |
France | 24,536 |  |  | 26,977 |
Mexico | 15,235 |  |  | 12,056 |
Brazil | 14,829 |  |  | 15,042 |
Poland | 9,074 |  |  | 9,995 |
All foreign countries | $ | 93,277 |  |  | $ | 96,675 |
Total | $ | 197,637 |  |  | $ | 209,105 |

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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