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Segment Reporting
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s reportable segments are based on the internal reporting used by the Company’s CEO, who is the chief operating decision maker (CODM), to assess operating performance and make decisions about the allocation of resources. The Company’s reportable segments are based upon geographic region, consisting of the United States and Europe. The Corporate Unallocated and Japan category includes non-reportable segments, as well as research and development and general and administrative costs that are global in nature and that the Company does not allocate directly to its operating segments.
Revenue in the United States and Europe is derived primarily from Injection Molding, CNC Machining, 3D Printing and Sheet Metal product lines. Revenue in Japan was derived from Injection Molding and CNC Machining product lines. Injection Molding revenue consists of sales of custom injection molds and injection-molded parts. CNC Machining revenue consists of sales of CNC-machined and lathe-turned customer parts. 3D Printing revenue consists of sales of 3D-printed parts. Sheet Metal revenue consists of sales of fabricated sheet metal parts.
The accounting policies of the reportable segments are the same as those described in Note 2 – Summary of Significant Accounting Policies. Intercompany transactions primarily relate to intercontinental activity and have been eliminated and are excluded from the reported amounts. The difference between income (loss) from operations and pre-tax income relates to foreign currency-related gains and losses and interest income on cash balances and investments, which are not allocated to business segments.
Revenue and income from operations by reportable segment are as follows:
Year Ended December 31,
(in thousands)202320222021
Revenue:
United States$396,821 $387,399 $384,458 
Europe107,056 92,770 90,399 
Japan— 8,229 13,241 
Total revenue$503,877 $488,398 $488,098 
Year Ended December 31,
(in thousands)202320222021
Income (Loss) from Operations:
United States$94,682 $93,176 $98,001 
Europe(12,528)(130,386)730 
Corporate Unallocated and Japan(53,987)(60,773)(58,389)
Total income (loss) from operations$28,167 $(97,983)$40,342 
Total long-lived assets, expenditures for additions to long-lived assets and depreciation and amortization expense are as follows:
(in thousands)December 31,
2023		December 31,
2022		December 31,
2021
Long-lived assets:
United States$201,388 $203,816 $215,701 
Europe52,267 53,835 59,388 
Japan— 134 5,257 
Total long-lived assets$253,655 $257,785 $280,346 
Year Ended December 31,
(in thousands)202320222021
Expenditures for additions to long-lived assets:
United States$24,553 $17,538 $26,698 
Europe3,563 4,137 7,378 
Japan— 11 133 
Total expenditures for additions to long-lived assets$28,116 $21,686 $34,209 
Year Ended December 31,
(in thousands)202320222021
Depreciation and Amortization:
United States$30,667 $31,666 $31,642 
Europe6,861 6,770 7,101 
Japan— 989 1,745 
Total depreciation and amortization$37,528 $39,425 $40,488