v3.23.1
Note 11 - Segment Reporting
3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 11 – Segment Reporting

 

The Company’s reportable segments are based on the internal reporting used by the Company’s Chief Executive Officer, who is the chief operating decision maker (CODM), to assess operating performance and make decisions about the allocation of resources. The Corporate Unallocated and Japan category includes non-reportable segments, as well as research and development and general and administrative costs, that the Company does not allocate directly to its operating segments.

 

Intercompany transactions primarily relate to intercontinental activity and have been eliminated and are excluded from the reported amounts. The difference between income from operations and pre-tax income relates to foreign currency-related gains and losses and interest income on cash balances and investments, which are not allocated to business segments. 

 

Revenue and income from operations by reportable segment for the three months ended March 31, 2023 and 2022 were as follows:

 


 

   

Three Months Ended March 31,

 

(in thousands)

 

2023

   

2022

 

Revenue:

               

United States

  $ 97,746     $ 95,496  

Europe

    28,113       24,586  

Japan

    -       4,086  

Total revenue

  $ 125,859     $ 124,168  

 


 

   

Three Months Ended March 31,

 

(in thousands)

 

2023

   

2022

 

Income (Loss) from Operations:

               

United States

  $ 20,481     $ 22,524  

Europe

    (2,483 )     (1,679 )

Corporate Unallocated and Japan

    (14,249 )     (12,955 )

Total Income from Operations

  $ 3,749     $ 7,890  

 


 

Total long-lived assets at  March 31, 2023 and December 31, 2022 were as follows:

 


 

   

March 31,

   

December 31,

 

(in thousands)

  2023     2022  

Total long-lived assets:

               

United States

  $ 199,381     $ 203,816  

Europe

    54,101       53,835  

Japan

    134       134  

Total Long-lived Assets

  $ 253,616     $ 257,785  

 


 

Revenue by product line for the three months ended March 31, 2023 and 2022 were as follows:

 


 

   

Three Months Ended March 31,

 

(in thousands)

 

2023

   

2022

 

Revenue:

               

Injection Molding

  $ 51,948     $ 53,398  

CNC Machining

    48,104       46,098  

3D Printing

    21,325       19,672  

Sheet Metal

    4,248       4,687  

Other Revenue

    234       313  

Total revenue

  $ 125,859     $ 124,168