Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Revenue and Earnings from continuing operations by market segment

Information regarding the Company's reportable segments is as follows:


	Years Ended December 31,
(in millions)	2022		2021		2020
Revenues:
Precision Devices	$	242.9	$	201.1	$	173.1
MedTech & Specialty Audio	229.9		231.3		173.6
Consumer MEMS Microphones	291.9		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 Audio	84.6		77.0		22.3
Consumer MEMS Microphones	(504.5)		60.0		22.6
Total segments	(363.8)		180.7		76.6
Corporate expense / other	50.5		61.9		48.9

Interest expense, net	3.9		14.2		16.4
(Loss) earnings before income taxes and discontinued operations	(418.2)		104.6		11.3
Provision for (benefit from) income taxes	11.9		(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 Audio	8.1		6.3		6.0
Consumer MEMS Microphones	29.5		39.9		41.0
Corporate	2.5		3.0		3.1
Total	$	53.9	$	62.5	$	60.6

Capital expenditures:
Precision Devices	$	7.4	$	5.6	$	9.6
MedTech & Specialty Audio	7.3		11.6		8.0
Consumer MEMS Microphones	17.2		29.2		13.9
Corporate	0.2		2.2		0.4
Total	$	32.1	$	48.6	$	31.9

Research and development:
Precision Devices	$	12.3	$	10.5	$	6.7
MedTech & Specialty Audio	16.9		16.1		14.6
Consumer MEMS Microphones	52.4		65.7		70.0
Corporate	0.1		0.5		1.6
Total	$	81.7	$	92.8	$	92.9

Revenue from External Customers by Geographic Areas

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.


	Revenues						Long-Lived Assets
	Years Ended December 31,						December 31,
(in millions)	2022		2021		2020		2022		2021
Asia	$	471.3	$	611.5	$	559.6	$	110.5	$	149.5
United States	174.3		153.2		116.7		60.5		64.6
Europe	104.4		93.5		80.0		2.4		3.1
Other Americas	7.5		5.5		3.7		1.0		1.0
Other	7.2		4.4		4.3		—		—
Total	$	764.7	$	868.1	$	764.3	$	174.4	$	218.2

Schedules of Concentration of Risk, by Risk Factor

The Company's customers that accounted for 10% or more of total revenues were as follows:


	Revenues
	Years Ended December 31,
	2022		2021		2020
Apple Inc.	15	%	16	%	23	%

Reconciliation of Assets from Segment to Consolidated

Information regarding assets of the Company's reportable segments:


	Total Assets
	December 31,
(in millions)		2022		2021
Precision Devices		$	275.7	$	260.4
MedTech & Specialty Audio		358.1		375.2
Consumer MEMS Microphones		547.3		1,091.9
Corporate / eliminations		2.8		4.1

Total		$	1,183.9	$	1,731.6