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Segment Information
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Information
18. Segment Information

The Company determines its operating segments consistent with the manner in which it manages its operations and evaluates performance for internal review and decision making. These operating segments were determined in accordance with ASC 280, Segment Reporting. The Company’s operating segments engage in business activities from which they earn revenues and incur expenses, have discrete financial information available, and whose financial results are regularly reviewed and used by the chief operating decision maker to evaluate segment performance, allocate resources, and determine management incentive compensation. In November 2022, the Company determined each operating segment represents a single reportable operating segment, as described below:

• PD Segment
Our PD segment specializes in the design and delivery of high performance capacitor products and RF solutions for technically demanding applications. Our high performance capacitor products are used in applications such as power supplies and medical implants, which sell to a diverse set of customers for mission critical applications across the defense, medtech, industrial, electric vehicle, and communications markets. Our RF solutions solve a broad range of frequency filtering challenges for our customers, who use them in satellite communications and radar systems for defense applications. RF solutions are also used in mmWave 5G communications equipment. PD has sales, support, and engineering facilities in North America, Europe, and Asia as well as manufacturing facilities in North America and Asia.

• MSA Segment
Our MSA segment designs and manufactures innovative audio products, including microphones and balanced armature speakers used in applications that serve the hearing health and premium audio markets. MSA has sales, support, and engineering facilities in North America, Europe, and Asia, as well as manufacturing facilities in Asia.
• CMM Segment
Our CMM segment designs and manufactures innovative audio products, including MEMS and audio solutions used in applications that serve the mobile, True Wireless Stereo ("TWS"), Internet of Things ("IoT"), and computing markets. CMM has sales, support, and engineering facilities in North America, Europe, and Asia, as well as manufacturing facilities in Asia.

Information regarding the Company's reportable segments is as follows:
 Years Ended December 31,
(in millions)202220212020
Revenues:
Precision Devices$242.9 $201.1 $173.1 
MedTech & Specialty Audio229.9 231.3 173.6 
Consumer MEMS Microphones291.9 435.7 417.6 
Total revenues$764.7 $868.1 $764.3 
(Loss) earnings from continuing operations before interest and income taxes:
Precision Devices$56.1 $43.7 $31.7 
MedTech & Specialty Audio84.6 77.0 22.3 
Consumer MEMS Microphones(504.5)60.0 22.6 
Total segments(363.8)180.7 76.6 
Corporate expense / other50.5 61.9 48.9 
Interest expense, net3.9 14.2 16.4 
(Loss) earnings before income taxes and discontinued operations(418.2)104.6 11.3 
Provision for (benefit from) income taxes11.9 (45.6)8.4 
(Loss) earnings from continuing operations$(430.1)$150.2 $2.9 
Depreciation and amortization:
Precision Devices$13.8 $13.3 $10.5 
MedTech & Specialty Audio8.1 6.3 6.0 
Consumer MEMS Microphones29.5 39.9 41.0 
Corporate2.5 3.0 3.1 
Total$53.9 $62.5 $60.6 
Capital expenditures:
Precision Devices$7.4 $5.6 $9.6 
MedTech & Specialty Audio7.3 11.6 8.0 
Consumer MEMS Microphones17.2 29.2 13.9 
Corporate0.2 2.2 0.4 
Total$32.1 $48.6 $31.9 
Research and development:
Precision Devices$12.3 $10.5 $6.7 
MedTech & Specialty Audio16.9 16.1 14.6 
Consumer MEMS Microphones52.4 65.7 70.0 
Corporate0.1 0.5 1.6 
Total$81.7 $92.8 $92.9 
Information regarding assets of the Company's reportable segments:
Total Assets
December 31,
(in millions)20222021
Precision Devices$275.7 $260.4 
MedTech & Specialty Audio358.1 375.2 
Consumer MEMS Microphones547.3 1,091.9 
Corporate / eliminations2.8 4.1 
Total$1,183.9 $1,731.6 

The following table details revenues by geographic location. Revenues are attributed to regions based on the location of the Company's direct customer, which in some instances is an intermediary and not necessarily the end user. Long-lived assets are comprised of net property, plant, and equipment and operating lease right-of-use assets. These assets have been classified based on the geographic location of where they reside. The Company's businesses are based primarily in Asia, North America, and Europe.
 RevenuesLong-Lived Assets
 Years Ended December 31,December 31,
(in millions)20222021202020222021
Asia$471.3 $611.5 $559.6 $110.5 $149.5 
United States174.3 153.2 116.7 60.5 64.6 
Europe104.4 93.5 80.0 2.4 3.1 
Other Americas7.5 5.5 3.7 1.0 1.0 
Other7.2 4.4 4.3 — — 
Total$764.7 $868.1 $764.3 $174.4 $218.2 

The Company's customers that accounted for 10% or more of total revenues were as follows:
Revenues
Years Ended December 31,
202220212020
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