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Business Segments (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Summary of Net Sales and Results of Operations and Total Assets by Reportable Segment

(Dollars in thousands)

 

Net Sales

 

 

Income from Operations

 

Three Months Ended

 

March 31,
2023

 

 

March 31,
2022

 

 

March 31,
2023

 

 

March 31,
2022

 

North America

 

$

211,618

 

 

$

227,198

 

 

$

21,715

 

 

$

19,567

 

Europe

 

 

169,348

 

 

 

173,328

 

 

 

(6,579

)

 

 

4,070

 

 

$

380,966

 

 

$

400,526

 

 

$

15,136

 

 

$

23,637

 

 

 

(Dollars in thousands)

 

Depreciation and Amortization

 

 

Capital Expenditures

 

Three Months Ended

 

March 31,
2023

 

 

March 31,
2022

 

 

March 31,
2023

 

 

March 31,
2022

 

North America

 

$

9,047

 

 

$

8,959

 

 

$

11,443

 

 

$

12,512

 

Europe

 

 

13,794

 

 

 

15,123

 

 

 

4,146

 

 

 

5,442

 

 

$

22,841

 

 

$

24,082

 

 

$

15,589

 

 

$

17,954

 

 

(Dollars in thousands)

 

Property, Plant and Equipment, net

 

 

Intangible Assets

 

 

 

March 31,
2023

 

 

December 31,
2022

 

 

March 31,
2023

 

 

December 31,
2022

 

North America

 

$

229,322

 

 

$

220,321

 

 

$

 

 

$

 

Europe

 

 

253,940

 

 

 

253,639

 

 

 

47,554

 

 

 

51,497

 

 

$

483,262

 

 

$

473,960

 

 

$

47,554

 

 

$

51,497

 

 

(Dollars in thousands)

 

Total Assets

 

 

 

March 31,
2023

 

 

December 31,
2022

 

North America

 

$

620,174

 

 

$

582,339

 

Europe

 

 

575,415

 

 

 

551,400

 

 

$

1,195,589

 

 

$

1,133,739

 

 

Geographic information

Net sales and property, plant and equipment by location are as follows:

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

Net Sales

 

Three Months Ended

 

March 31,
2023

 

 

March 31,
2022

 

U.S.

 

$

983

 

 

$

1,658

 

Mexico

 

 

210,635

 

 

 

225,540

 

Germany

 

 

42,859

 

 

 

54,088

 

Poland

 

 

126,489

 

 

 

119,240

 

Consolidated net sales

 

$

380,966

 

 

$

400,526

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

Property, Plant and Equipment, net

 

 

 

March 31,
2023

 

 

December 31,
2022

 

U.S.

 

$

1,446

 

 

$

1,476

 

Mexico

 

 

227,876

 

 

 

218,845

 

Germany

 

 

77,076

 

 

 

76,158

 

Poland

 

 

176,864

 

 

 

177,481

 

Property, plant and equipment, net

 

$

483,262

 

 

$

473,960