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Segment Information
12 Months Ended
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,
202220212020
Net sales:
Mobile Solutions$293,536 $285,863 $256,360 
Power Solutions205,204 191,800 171,269 
Corporate and Consolidations (1)(2)(79)(95)
Total$498,738 $477,584 $427,534 
Income (loss) from operations:
Mobile Solutions$(2,165)$9,039 $5,228 
Power Solutions3,536 6,493 (85,983)
Corporate and Consolidations(22,463)(24,536)(36,702)
Total$(21,092)$(9,004)$(117,457)
Depreciation and amortization:
Mobile Solutions$28,192 $28,769 $28,298 
Power Solutions17,483 15,892 15,730 
Corporate and Consolidations1,556 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 Solutions2,401 2,200 2,754 
Corporate and Consolidations961 610 203 
Total$17,952 $18,221 $15,357 
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(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,
20222021
Mobile Solutions (1)$338,338 $357,171 
Power Solutions178,129 184,196 
Corporate and Consolidations29,660 37,734 
Total$546,127 $579,101 
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(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,
 20222021
United States$104,360 $112,430 
China29,603 32,605 
France24,536 26,977 
Mexico15,235 12,056 
Brazil14,829 15,042 
Poland9,074 9,995 
All foreign countries$93,277 $96,675 
Total$197,637 $209,105