v3.25.2
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Net Revenue, Segment and Non-Segment Operating Expenses and Operating Income for the Reportable Segments
The following table presents net revenue, segment and non-segment operating expenses, and segment and non-segment operating income for the reportable segments and other operating results not allocated to our reportable segments for the three and six months ended June 30, 2025 and 2024:
 For the three months endedFor the six months ended
 June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Net revenue:
Performance Sensing
$652,225 $723,921 $1,302,641 $1,437,239 
Sensing Solutions
291,159 268,071 551,998 525,910 
Other
— 43,543 — 79,095 
Total net revenue$943,384 $1,035,535 $1,854,639 $2,042,244 
Segment and non-segment operating expenses(1):
Performance Sensing$505,349 $562,513 $1,012,889 $1,106,863 
Sensing Solutions203,123 188,396 387,896 373,941 
Other— 34,339 — 63,110 
Total segment and non-segment operating expenses$708,472 $785,248 $1,400,785 $1,543,914 
Segment and non-segment operating income (as defined above):
Performance Sensing (1)
$146,876 $161,408 $289,752 $330,376 
Sensing Solutions (1)
88,036 79,675 164,102 151,969 
Other (1)
— 9,204 — 15,985 
Total segment and non-segment operating income
234,912 250,287 453,854 498,330 
Corporate and other(69,054)(77,764)(138,243)(141,718)
Amortization of intangible assets(21,184)(39,085)(41,761)(77,600)
Restructuring and other charges, net(6,612)(3,491)(13,592)(4,273)
Operating income138,062 129,947 260,258 274,739 
Interest expense(37,679)(40,863)(75,652)(79,258)
Interest income4,467 5,802 8,757 9,540 
Other, net930 4,097 3,058 (7,447)
Income before taxes$105,780 $98,983 $196,421 $197,574 
___________________________________
(1)    Other segment and non-segment expenses include associated cost of revenue, research and development, and selling, general and administrative expenses.
Schedule of Depreciation and Amortization Expense for Reportable Segments and Corporate and Other
The following table presents depreciation and amortization expense for our reportable segments and corporate and other for the three and six months ended June 30, 2025 and 2024:
 For the three months endedFor the six months ended
 June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Depreciation and amortization:
Performance Sensing$24,097 $24,242 $49,079 $48,202 
Sensing Solutions3,986 3,779 7,876 7,903 
Corporate and other (1)
26,439 44,557 59,106 88,511 
Total depreciation and amortization$54,522 $72,578 $116,061 $144,616 
__________________________
(1)Included within corporate and other is amortization of intangible assets, accelerated depreciation recognized in connection with restructuring actions, and depreciation of certain assets. We do not allocate these amounts to our segments. This treatment is consistent with the financial information reviewed by our chief operating decision maker.
Schedule of Additions to PP&E and Capitalized Software
The following table presents additions to PP&E and capitalized software for our reportable segments and corporate and other for the three and six months ended June 30, 2025 and 2024:
 For the three months endedFor the six months ended
 June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Additions to property, plant and equipment and capitalized software:
Performance Sensing$18,555 $27,243 $41,605 $58,256 
Sensing Solutions2,719 5,557 5,782 8,820 
Corporate and other4,111 4,961 10,573 12,815 
Total additions to property, plant and equipment and capitalized software$25,385 $37,761 $57,960 $79,891 
Schedule of Net Revenue by Geographic Area and by Significant Country
The following tables present net revenue by geographic area and by significant country for the three and six months ended June 30, 2025 and 2024. In these tables, net revenue is aggregated according to the location of our subsidiaries.
 For the three months endedFor the six months ended
 June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Net revenue:
Americas$380,015 $459,149 $752,465 $888,257 
Europe265,236 276,939 517,699 561,676 
Asia and rest of world298,133 299,447 584,475 592,311 
Net revenue$943,384 $1,035,535 $1,854,639 $2,042,244 
 For the three months endedFor the six months ended
 June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Net revenue:
United States$370,514 $424,230 $715,504 $819,630 
China182,951 184,323 357,545 363,731 
The Netherlands226,123 237,575 443,897 484,186 
United Kingdom30,039 30,941 56,960 59,840 
All other133,757 158,466 280,733 314,857 
Net revenue$943,384 $1,035,535 $1,854,639 $2,042,244 
Schedule of PP&E, Net, by Geographic Area and by Significant Country
The following tables present PP&E, net, by geographic area and by significant country as of June 30, 2025 and 2024. In these tables, PP&E, net is aggregated based on the location of our subsidiaries.
 June 30,
2025		December 31,
2024
Property, plant and equipment, net:
Americas$291,147 $301,900 
Europe137,469 141,396 
Asia and rest of world377,387 378,357 
Property, plant and equipment, net$806,003 $821,653 
 June 30,
2025		December 31,
2024
Property, plant and equipment, net:
United States$113,552 $121,783 
China255,658 266,104 
Mexico177,463 179,980 
Bulgaria100,891 108,093 
United Kingdom24,830 21,147 
Malaysia117,503 108,118 
All other16,106 16,428 
Property, plant and equipment, net$806,003 $821,653