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Segment Reporting
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We organize our business into two reportable segments, Performance Sensing and Sensing Solutions, each of which is also an operating segment. Our operating segments are businesses that we manage as components of an enterprise for which separate financial information is evaluated regularly by our chief operating decision maker in deciding how to allocate resources and assess performance.
An operating segment’s performance is primarily evaluated based on segment operating income, which excludes amortization of intangible assets, restructuring and other charges, net, and certain corporate costs/credits not associated with the operations of the segment, including share-based compensation expense and a portion of depreciation expense associated with assets recorded in connection with acquisitions. In addition, an operating segment’s performance excludes results from discontinued operations, if any. Corporate and other costs excluded from an operating segment’s performance are separately stated below and also include costs that are related to functional areas, such as finance, information technology, legal, and human resources. We believe that segment operating income, as defined above, is an appropriate measure for evaluating the operating performance of our segments. However, this measure should be considered in addition to, and not as a substitute for, or superior to, operating income or other measures of financial performance prepared in accordance with U.S. GAAP. The accounting policies of each of our reporting segments are materially consistent with those in the summary of significant accounting policies as described in Note 2, "Significant Accounting Policies" included in our Annual Report on Form 10-K for the year ended December 31, 2018.
The following table presents net revenue and segment operating income for the reported segments and other operating results not allocated to the reported segments for the three and six months ended June 30, 2019 and 2018:
 
For the three months ended
 
For the six months ended
 
June 30, 2019
 
June 30, 2018
 
June 30, 2019
 
June 30, 2018
Net revenue:
 
 
 
 
 
 
 
Performance Sensing
$
644,516

 
$
676,217

 
$
1,284,544

 
$
1,339,046

Sensing Solutions
239,210

 
237,643

 
469,681

 
461,107

Total net revenue
$
883,726

 
$
913,860

 
$
1,754,225

 
$
1,800,153

Segment operating income (as defined above):
 
 
 
 
 
 
 
Performance Sensing
$
168,072

 
$
187,365

 
$
318,581

 
$
356,775

Sensing Solutions
77,115

 
79,070

 
152,084

 
150,954

Total segment operating income
245,187

 
266,435

 
470,665

 
507,729

Corporate and other
(45,407
)
 
(53,537
)
 
(86,837
)
 
(108,318
)
Amortization of intangible assets
(36,031
)
 
(34,594
)
 
(72,174
)
 
(69,663
)
Restructuring and other charges, net
(16,310
)
 
(244
)
 
(21,619
)
 
(4,010
)
Operating income
147,439

 
178,060

 
290,035

 
325,738

Interest expense, net
(39,608
)
 
(38,321
)
 
(78,861
)
 
(76,750
)
Other, net
(3,554
)
 
(11,053
)
 
(365
)
 
(15,686
)
Income before taxes
$
104,277

 
$
128,686

 
$
210,809

 
$
233,302