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Segment Information
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Segment Information
Segment Information
We determined our reportable segments under the provisions of U.S. GAAP related to disclosures about segments of an enterprise. Management has concluded that Mobile Solutions, Power Solutions, and Life Sciences each constitutes an operating segment as each engages in business activities for which it earns revenues and incurs expenses for which separate financial information is available, and this is the level at which the Chief Operating Decision Maker (“CODM”) reviews discrete financial information for purposes of allocating resources and assessing performance.
Mobile Solutions
Mobile Solutions is focused on growth in the general industrial and automotive end markets. We have developed an expertise in manufacturing highly complex, system critical components for fuel systems, engines and transmissions, power steering systems, and electromechanical motors on a high-volume basis. This expertise has been gained through investment in technical capabilities, processes and systems, and skilled program management and product launch capabilities.
Power Solutions
Power Solutions is focused on growth in the electrical and aerospace and defense 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 flight control and for military devices.
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 markets utilizing our extensive process technologies for optical grade plastics, thermally conductive plastics, titanium, Inconel, magnesium, and electroplating.
Life Sciences
Life Sciences is focused on growth in the medical end market. Within this group we combine advanced engineering and production capabilities to design and manufacture a broad range of high-precision metal and plastic components, assemblies, and finished devices.
We manufacture a variety of components, assemblies, and instruments, such as surgical knives, bioresorbable implants, surgical staples, cases and trays, orthopedic implants and tools, laparoscopic devices, and drug delivery devices for the medical and life sciences end market.
Segment Results
The following table presents results of operations for each reportable segment.
 
 
Mobile
Solutions
 
Power
Solutions
 
Life
Sciences
 
Corporate
and
Consolidations
 
 
 
Total
Three Months Ended March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
78,075

 
$
49,657

 
$
86,008

 
$
(484
)
 
(a)
 
$
213,256

Income (loss) from operations
 
$
4,107

 
$
3,824

 
$
3,846

 
$
(11,176
)
 
 
 
$
601

Interest expense
 
 
 
 
 
 
 
 
 
 
 
(13,801
)
Other
 
 
 
 
 
 
 
 
 
 
 
(3,428
)
Loss before provision for income taxes and share of net income from joint venture
 
 
 
 
 
 
 
 
 
 
 
$
(16,628
)
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
89,794

 
$
48,682

 
$
31,200

 
$
(528
)
 
(a)
 
$
169,148

Income (loss) from operations
 
$
9,785

 
$
5,233

 
$
4,204

 
$
(15,529
)
 
 
 
$
3,693

Interest expense
 
 
 
 
 
 
 
 
 
 
 
(11,996
)
Other
 
 
 
 
 
 
 
 
 
 
 
313

Loss before benefit for income taxes and share of net income from joint venture
 
 
 
 
 
 
 
 
 
 
 
$
(7,990
)
_______________________________

(a)
Includes elimination of intersegment transactions occurring during the ordinary course of business.
 
 
Total Assets as of
 
 
March 31, 2019
 
December 31, 2018
Mobile Solutions
 
$
392,100

 
$
356,387

Power Solutions
 
311,771

 
297,947

Life Sciences
 
824,891

 
802,770

Corporate and Consolidations
 
52,231

 
44,466

Total
 
$
1,580,993

 
$
1,501,570