Business Segments

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Business Segments

NOTE 5 - BUSINESS SEGMENTS

The North American and European businesses represent separate operating segments in view of the different markets, customers and products in each of these regions. Within each of these regions, markets, customers, products, and production processes are similar. Moreover, our business within each region generally leverages common systems, processes and infrastructure. Accordingly, North America and Europe comprise the Company’s reportable segments.

(Dollars in thousands)	Net Sales				Income from Operations
Three Months Ended	March 31, 2024		March 31, 2023		March 31, 2024			March 31, 2023
North America	$	193,508	$	211,618	$	8,082		$	21,715
Europe		122,768		169,348		(7,768	)		(6,579	)
	$	316,276	$	380,966	$	314		$	15,136

(Dollars in thousands)	Depreciation and Amortization				Capital Expenditures
Three Months Ended	March 31, 2024		March 31, 2023		March 31, 2024		March 31, 2023
North America	$	10,343	$	9,047	$	4,557	$	11,443
Europe		11,603		13,794		2,061		4,146
	$	21,946	$	22,841	$	6,618	$	15,589

(Dollars in thousands)	Property, Plant and Equipment, net				Intangible Assets
	March 31, 2024		December 31, 2023		March 31, 2024		December 31, 2023
North America	$	217,327	$	220,951	$	—	$	—
Europe		168,950		177,648		27,637		33,242
	$	386,277	$	398,599	$	27,637	$	33,242

(Dollars in thousands)	Total Assets
	March 31, 2024		December 31, 2023
North America	$	615,752	$	625,612
Europe		389,760		404,959
	$	1,005,512	$	1,030,571

Geographic information

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

(Dollars in thousands)	Net Sales
Three Months Ended	March 31, 2024		March 31, 2023
U.S.	$	1,401	$	983
Mexico		192,107		210,635
Germany		17,350		42,859
Poland		105,418		126,489
Consolidated net sales	$	316,276	$	380,966
(Dollars in thousands)	Property, Plant and Equipment, net
	March 31, 2024		December 31, 2023
U.S.	$	1,142	$	1,228
Mexico		216,185		219,723
Germany		1,838		1,933
Poland		167,112		175,715
Property, plant and equipment, net	$	386,277	$	398,599