Rogers (ROG) 10-Q 3 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	1-4347
Entity Registrant Name	ROGERS CORP
Entity Incorporation, State or Country Code	MA
Entity Tax Identification Number	06-0513860
Entity Address, Address Line One	2225 W. Chandler Blvd.
Entity Address, City or Town	Chandler
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85224-6155
City Area Code	480
Local Phone Number	917-6000
Title of 12(b) Security	Common Stock,
Entity Trading Symbol	ROG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		18,616,046
Entity Central Index Key	0000084748
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net sales	$ 230,821	$ 251,970	$ 474,668	$ 500,236
Cost of sales	151,204	165,452	315,350	328,324
Gross margin	79,617	86,518	159,318	171,912
Selling, general and administrative expenses	46,128	56,138	106,213	113,843
Research and development expenses	8,098	8,050	17,684	16,310
Restructuring and impairment charges	3,939	677	14,440	746
Other operating (income) expense, net	(6,442)	(1,743)	(6,661)	(2,274)
Operating income	27,894	23,396	27,642	43,287
Equity income in unconsolidated joint ventures	842	1,800	918	3,075
Other income (expense), net	(757)	319	(752)	586
Interest expense, net	(2,837)	(1,548)	(6,299)	(2,617)
Income before income taxes	25,142	23,967	21,509	44,331
Income tax expense (benefit)	7,278	6,084	7,150	9,848
Net income	$ 17,864	$ 17,883	$ 14,359	$ 34,483
Basic earnings per share (in dollars per share)	$ 0.96	$ 0.95	$ 0.77	$ 1.83
Diluted earnings per share (in dollars per share)	$ 0.96	$ 0.94	$ 0.77	$ 1.82
Shares used in computing:
Basic earnings per share (in shares)	18,627	18,813	18,615	18,797
Diluted earnings per share (in shares)	18,683	18,992	18,659	18,996

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 17,864	$ 17,883	$ 14,359	$ 34,483
Foreign currency translation adjustment	4,390	(33,591)	14,046	(45,348)
Pension and other postretirement benefits:
Actuarial net loss incurred, net of tax (Note 4)	0	(15)	0	(15)
Amortization of loss, net of tax (Note 4)	93	87	187	173
Other comprehensive income (loss)	4,483	(33,519)	14,233	(45,190)
Comprehensive income (loss)	$ 22,347	$ (15,636)	$ 28,592	$ (10,707)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 141,452	$ 235,850
Accounts receivable, less allowance for credit losses of $1,003 and $1,007	186,700	177,413
Contract assets	42,223	38,853
Inventories	169,675	182,402
Prepaid income taxes	3,724	4,042
Asbestos-related insurance receivables, current portion	3,881	3,881
Other current assets	35,124	17,426
Total current assets	582,779	659,867
Property, plant and equipment, net of accumulated depreciation of $380,363 and $381,584	346,335	358,415
Investments in unconsolidated joint ventures	12,760	14,082
Deferred income taxes	60,165	50,649
Goodwill	358,641	352,365
Other intangible assets, net of amortization	130,551	133,724
Pension assets	5,432	5,251
Asbestos-related insurance receivables, non-current portion	55,926	55,926
Other long-term assets	15,788	15,935
Total assets	1,568,377	1,646,214
Current liabilities
Accounts payable	51,233	57,342
Accrued employee benefits and compensation	33,591	34,158
Accrued income taxes payable	7,616	5,504
Asbestos-related liabilities, current portion	4,968	4,968
Finance lease obligations, current portion	355	498
Other accrued liabilities	20,817	40,067
Total current liabilities	118,580	142,537
Borrowings under revolving credit facility	130,000	215,000
Pension and other postretirement benefits liabilities	1,579	1,501
Asbestos-related liabilities, non-current portion	59,884	60,065
Finance lease obligations, non-current portion	1,253	1,295
Non-current income tax	9,450	9,985
Deferred income taxes	24,443	23,557
Other long-term liabilities	17,571	19,808
Commitments and contingencies (Note 10 and Note 12)
Shareholders’ equity
Capital stock - $1 par value; 50,000 authorized shares; 18,616 and 18,574 shares issued and outstanding	18,616	18,574
Additional paid-in capital	145,219	140,702
Retained earnings	1,112,813	1,098,454
Accumulated other comprehensive loss	(71,031)	(85,264)
Total shareholders' equity	1,205,617	1,172,466
Total liabilities and shareholders' equity	$ 1,568,377	$ 1,646,214
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other long-term assets	Other long-term assets
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other accrued liabilities	Other accrued liabilities
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other accrued liabilities	Other accrued liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 1,003	$ 1,007
Property, plant and equipment, accumulated depreciation	$ 380,363	$ 381,584
Capital Stock, par value (in dollars per share)	$ 1	$ 1
Capital Stock, authorized shares (shares)	50,000	50,000
Capital Stock, shares issued (shares)	18,616	18,574
Capital Stock, shares outstanding (shares)	18,616	18,574

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating Activities:
Net income	$ 14,359	$ 34,483
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation and amortization	28,376	22,980
Equity compensation expense	7,072	8,056
Deferred income taxes	(8,917)	(8,728)
Equity in undistributed income of unconsolidated joint ventures	(918)	(3,075)
Dividends received from unconsolidated joint ventures	1,457	1,509
Pension and other postretirement benefits	0	23
(Gain) loss on sale or disposal of property, plant and equipment	(486)	(18)
Impairment charges	0	212
UTIS fire fixed asset and inventory write-offs	0	200
Provision (benefit) for credit losses	(66)	89
Changes in assets and liabilities:
Accounts receivable	(11,448)	(27,116)
Proceeds from insurance/government subsidies related to operations	1,043	334
Contract assets	(3,437)	(3,964)
Inventories	11,568	(41,702)
Pension and postretirement benefit contributions	(6)	(117)
Other current assets	(1,453)	(5,962)
Accounts payable and other accrued expenses	(17,354)	(1,976)
Other, net	(2,249)	13,096
Net cash provided by (used in) operating activities	17,541	(11,676)
Investing Activities:
Acquisition of business, net of cash received	0	(1,300)
Disposition of business	989	0
Capital expenditures	(27,881)	(53,205)
Proceeds from the sale of property, plant and equipment, net	550	0
Proceeds from insurance claims	1,755	2,262
Net cash used in investing activities	(24,587)	(52,243)
Financing Activities:
Proceeds from borrowings under revolving credit facility	0	70,000
Repayment of debt principal and finance lease obligations	(85,235)	(143)
Line of credit issuance costs	(1,742)	0
Payments of taxes related to net share settlement of equity awards	(2,513)	(10,623)
Proceeds from issuance of shares to employee stock purchase plan	0	950
Net cash provided by (used in) financing activities	(89,490)	60,184
Effect of exchange rate fluctuations on cash	2,138	(3,229)
Net decrease in cash and cash equivalents	(94,398)	(6,964)
Cash and cash equivalents at beginning of period	235,850	232,296
Cash and cash equivalents at end of period	141,452	225,332
Supplemental Disclosures:
Accrued capital additions	1,163	13,527
Interest, net of amounts capitalized	6,692	2,550
Income taxes	$ 5,550	$ 13,426

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Capital Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Balance, beginning of period at Dec. 31, 2021		$ 18,730	$ 163,583	$ 981,825	$ (45,243)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for vested restricted stock units, net of shares withheld for taxes		68	(10,691)
Shares issued for employee stock purchase plan		6	944
Shares issued to directors		7	(7)
Equity compensation expense			8,056
Net income	$ 34,483			34,483
Other comprehensive income (loss)	(45,190)				(45,190)
Balance, end of period at Jun. 30, 2022	1,106,571	18,811	161,885	1,016,308	(90,433)
Balance, beginning of period at Mar. 31, 2022		18,803	157,164	998,425	(56,914)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for vested restricted stock units, net of shares withheld for taxes		1	(126)
Shares issued for employee stock purchase plan		0	0
Equity compensation expense			4,854
Net income	17,883			17,883
Other comprehensive income (loss)	(33,519)				(33,519)
Balance, end of period at Jun. 30, 2022	1,106,571	18,811	161,885	1,016,308	(90,433)
Balance, beginning of period at Dec. 31, 2022	1,172,466	18,574	140,702	1,098,454	(85,264)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for vested restricted stock units, net of shares withheld for taxes		35	(2,548)
Shares issued for employee stock purchase plan		0	0
Shares issued to directors		7	(7)
Equity compensation expense			7,072
Net income	14,359			14,359
Other comprehensive income (loss)	14,233				14,233
Balance, end of period at Jun. 30, 2023	1,205,617	18,616	145,219	1,112,813	(71,031)
Balance, beginning of period at Mar. 31, 2023		18,609	140,214	1,094,949	(75,514)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued for vested restricted stock units, net of shares withheld for taxes		0	(7)
Shares issued for employee stock purchase plan		0	0
Equity compensation expense			5,019
Net income	17,864			17,864
Other comprehensive income (loss)	4,483				4,483
Balance, end of period at Jun. 30, 2023	$ 1,205,617	$ 18,616	$ 145,219	$ 1,112,813	$ (71,031)

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation As used herein, the terms “Company,” “Rogers,” “we,” “us,” “our” and similar terms mean Rogers Corporation and its consolidated subsidiaries, unless the context indicates otherwise. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (GAAP) for interim financial information. Accordingly, these statements do not include all of the information and footnotes required by GAAP for complete financial statements. In our opinion, the accompanying condensed consolidated financial statements include all normal recurring adjustments necessary for their fair presentation in accordance with GAAP. All significant intercompany balances and transactions have been eliminated. Interim results are not necessarily indicative of results for a full year. For further information regarding our accounting policies, refer to the audited consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2022.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The accounting guidance for fair value measurements establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value: • Level 1 – Quoted prices in active markets for identical assets or liabilities. • Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. From time to time we enter into various instruments that require fair value measurement, including foreign currency contracts and copper derivative contracts. Derivative instruments measured at fair value on a recurring basis, categorized by the level of inputs used in the valuation, were as follows: Derivative Instruments at Fair Value as of June 30, 2023 (Dollars in thousands) Level 1 Level 2 Level 3 Total (1) Foreign currency contracts $ — $ (6) $ — $ (6) Copper derivative contracts $ — $ 461 $ — $ 461 Derivative Instruments at Fair Value as of December 31, 2022 (Dollars in thousands) Level 1 Level 2 Level 3 Total (1) Foreign currency contracts $ — $ (82) $ — $ (82) Copper derivative contracts $ — $ 500 $ — $ 500 (1) All balances were recorded in the “Other current assets” or “Other accrued liabilities” line items in the condensed consolidated statements of financial position. For additional information on derivative contracts, refer to “Note 3 – Hedging Transactions and Derivative Financial Instruments.”

Hedging Transactions and Deriva

Hedging Transactions and Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Hedging Transactions and Derivative Financial Instruments	Hedging Transactions and Derivative Financial Instruments We are exposed to certain risks related to our ongoing business operations. The primary risks being managed through our use of derivative instruments are foreign currency exchange rate risk and commodity pricing risk (primarily related to copper). We do not use derivative instruments for trading or speculative purposes. The valuation of derivative contracts used to manage each of foreign currency and commodity risks is described below: • Foreign Currency – The fair value of any foreign currency option derivative is based upon valuation models applied to current market information such as strike price, spot rate, maturity date and volatility, and by reference to market values resulting from an over-the-counter market or obtaining market data for similar instruments with similar characteristics. • Commodity – The fair value of copper derivatives is computed using a combination of intrinsic and time value valuation models, which are collectively a function of five primary variables: price of the underlying instrument, time to expiration, strike price, interest rate and volatility. The intrinsic valuation model reflects the difference between the strike price of the underlying copper derivative instrument and the current prevailing copper prices in an over-the-counter market at period end. The time value valuation model incorporates changes in the price of the underlying copper derivative instrument, the time value of money, the underlying copper derivative instrument’s strike price and the remaining time to the underlying copper derivative instrument’s expiration date from the period end date. The guidance for the accounting and disclosure of derivatives and hedging transactions requires companies to recognize all of their derivative instruments as either assets or liabilities at fair value in the condensed consolidated statements of financial position. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies for hedge accounting treatment as defined under the applicable accounting guidance. For derivative instruments that are designated and qualify for hedge accounting treatment as cash flow hedges (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the effective portion of the gain or loss on the derivative instrument is reported as a component of other comprehensive income (loss) in the condensed consolidated statements of comprehensive income (loss). This gain or loss is reclassified into earnings in the same line item of the condensed consolidated statements of operations associated with the forecasted transaction and in the same period or periods during which the hedged transaction affects earnings. Foreign Currency During the three months ended June 30, 2023, we entered into U.S. dollar, Korean won, and Japanese yen forward contracts. We entered into these foreign currency forward contracts to mitigate certain global transactional exposures. These contracts do not qualify for hedge accounting treatment. As a result, any fair value adjustments required on these contracts are recorded in “Other income (expense), net” in our condensed consolidated statements of operations in the period in which the adjustment occurred. As of June 30, 2023, the notional values of the remaining foreign currency forward contracts were as follows: Notional Values of Foreign Currency Derivatives USD/CNH $ 13,538,040 USD/EUR $ 3,000,000 KRW/USD ₩ 3,906,600,000 JPY/EUR ¥ 500,000,000 Commodity As of June 30, 2023, we had 12 outstanding contracts to hedge exposure related to the purchase of copper in our AES operating segment. These contracts are held with financial institutions and are intended to offset rising copper prices and do not qualify for hedge accounting treatment. As a result, any fair value adjustments required on these contracts are recorded in “Other income (expense), net” in our condensed consolidated statements of operations in the period in which the adjustment occurred. As of June 30, 2023, the volume of our copper contracts outstanding was as follows: Volume of Copper Derivatives July 2023 - September 2023 69 metric tons per month October 2023 - December 2023 69 metric tons per month January 2024 - March 2024 69 metric tons per month April 2024 - June 2024 69 metric tons per month Effects on Financial Statements The impacts from our derivative instruments on the statement of operations and statements of comprehensive income (loss) were as follows: Three Months Ended Six Months Ended (Dollars in thousands) Financial Statement Line Item June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Foreign Currency Contracts Contracts not designated as hedging instruments Other income (expense), net $ 815 $ (236) $ 835 $ (918) Copper Derivative Contracts Contracts not designated as hedging instruments Other income (expense), net $ (455) $ (1,129) $ (420) $ (798)

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss by component were as follows: (Dollars and accompanying footnotes in thousands) Foreign Currency Translation Adjustments Pension and Other Postretirement Benefits (1) Total Balance as of December 31, 2022 $ (75,575) $ (9,689) $ (85,264) Other comprehensive income (loss) before reclassifications 14,046 — 14,046 Amounts reclassified from accumulated other comprehensive loss — 187 187 Net current-period other comprehensive income (loss) 14,046 187 14,233 Balance as of June 30, 2023 $ (61,529) $ (9,502) $ (71,031) Balance as of December 31, 2021 $ (35,641) $ (9,602) $ (45,243) Other comprehensive income (loss) before reclassifications (45,348) — (45,348) Amounts reclassified from accumulated other comprehensive loss — 158 158 Net current-period other comprehensive income (loss) (45,348) 158 (45,190) Balance as of June 30, 2022 $ (80,989) $ (9,444) $ (90,433) (1) Net of taxes of $1,873 and $1,926 as of June 30, 2023 and December 31, 2022, respectively. Net of taxes of $2,081 and $2,125 as of June 30, 2022 and December 31, 2021, respectively.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories, which are valued at the lower of cost or net realizable value, consisted of the following: (Dollars in thousands) June 30, 2023 December 31, 2022 Raw materials $ 81,216 $ 87,851 Work-in-process 49,207 45,100 Finished goods 39,252 49,451 Total inventories $ 169,675 $ 182,402

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill The changes in the net carrying amount of goodwill by operating segment were as follows: (Dollars in thousands) Advanced Electronics Solutions Elastomeric Material Solutions Other Total December 31, 2022 $ 115,352 $ 234,789 $ 2,224 $ 352,365 Foreign currency translation adjustment 1,474 4,802 — $ 6,276 June 30, 2023 $ 116,826 $ 239,591 $ 2,224 $ 358,641 Other Intangible Assets The gross and net carrying amounts, as well as the accumulated amortization of other intangible assets were as follows: June 30, 2023 December 31, 2022 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 177,598 $ 85,967 $ 91,631 $ 178,605 $ 85,569 $ 93,036 Technology 77,063 55,573 21,490 82,349 59,052 23,297 Trademarks and trade names 19,380 6,810 12,570 19,098 6,639 12,459 Covenants not to compete 1,531 980 551 1,919 1,199 720 Total definite-lived other intangible assets 275,572 149,330 126,242 281,971 152,459 129,512 Indefinite-lived other intangible asset 4,309 — 4,309 4,212 — 4,212 Total other intangible assets $ 279,881 $ 149,330 $ 130,551 $ 286,183 $ 152,459 $ 133,724 In the table above, gross carrying amounts and accumulated amortization may differ from prior periods due to foreign exchange rate fluctuations. Amortization expense was $3.3 million and $4.2 million for the three months ended June 30, 2023 and 2022, respectively, and $6.7 million and $8.5 million for the six months ended June 30, 2023 and 2022, respectively. The estimated future amortization expense is $6.7 million for the remainder of 2023 and $12.4 million, $10.8 million, $10.4 million and $10.0 million for 2024, 2025, 2026 and 2027, respectively. The weighted average amortization period as of June 30, 2023, by definite-lived other intangible asset class, was as follows: Definite-Lived Other Intangible Asset Class Weighted Average Remaining Amortization Period Customer relationships 7.6 years Technology 3.4 years Trademarks and trade names 10.0 years Covenants not to compete 0.7 years Total definite-lived other intangible assets 7.1 years

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is based on the weighted average number of common shares outstanding. Diluted earnings per share is based on the weighted average number of common shares outstanding and all dilutive potential common shares outstanding. The following table sets forth the computation of basic and diluted earnings per share: (Dollars and shares in thousands, except per share amounts) Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Numerator: Net income $ 17,864 $ 17,883 $ 14,359 $ 34,483 Denominator: Weighted-average shares outstanding - basic 18,627 18,813 18,615 18,797 Effect of dilutive shares 56 179 44 199 Weighted-average shares outstanding - diluted 18,683 18,992 18,659 18,996 Basic earnings per share $ 0.96 $ 0.95 $ 0.77 $ 1.83 Diluted earnings per share $ 0.96 $ 0.94 $ 0.77 $ 1.82 Dilutive shares are calculated using the treasury stock method and primarily include unvested restricted stock units. Anti-dilutive shares are excluded from the calculation of diluted shares and diluted earnings per share. For the three months ended June 30, 2023 and 2022, 17,000 shares and an immaterial number of shares were excluded, respectively.

Capital Stock and Equity Compen

Capital Stock and Equity Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Capital Stock and Equity Compensation	Capital Stock and Equity Compensation Equity Compensation Performance-Based Restricted Stock Units As of June 30, 2023, we had performance-based restricted stock units from 2023 and 2021 outstanding. These awards generally cliff vest at the end of a three-year measurement period. However, employees whose employment terminates during the measurement period due to death, disability, or, in certain cases, retirement may receive a pro-rata payout based on the number of days they were employed during the measurement period. Participants are eligible to be awarded shares ranging from 0% to 200% of the original award amount, based on certain defined performance measures. The outstanding awards have one measurement criterion: the three-year total shareholder return (TSR) on our capital stock as compared to that of a specified group of peer companies. The TSR measurement criterion of the awards is considered a market condition. As such, the fair value of this measurement criterion was determined on the grant date using a Monte Carlo simulation valuation model. We recognize compensation expense on all of these awards on a straight-line basis over the vesting period with no changes for final projected payout of the awards. We account for forfeitures as they occur. The following table sets forth the assumptions used in the Monte Carlo calculation for each material award granted in 2023: February 9, 2023 Expected volatility 53.2% Expected term (in years) 2.9 Risk-free interest rate 4.08% Expected volatility – In determining expected volatility, we have considered a number of factors, including historical volatility. Expected term – We use the vesting period of the award to determine the expected term assumption for the Monte Carlo simulation valuation model. Risk-free interest rate – We use an implied “spot rate” yield on U.S. Treasury Constant Maturity rates as of the grant date for our assumption of the risk-free interest rate. Expected dividend yield – We do not currently pay dividends on our capital stock; therefore, a dividend yield of 0% was used in the Monte Carlo simulation valuation model. A summary of activity of the outstanding performance-based restricted stock units for the six months ended June 30, 2023 is presented below: Performance-Based Awards outstanding as of December 31, 2022 65,513 Awards granted 48,671 Stock issued (8,775) Awards cancelled (31,563) Awards outstanding as of June 30, 2023 73,846 We recognized $1.3 million and $1.1 million of compensation expense for performance-based restricted stock units for the three months ended June 30, 2023 and 2022, respectively. We recognized $1.2 million and $2.2 million of compensation expense for performance-based restricted stock units for the six months ended June 30, 2023 and 2022, respectively. Time-Based Restricted Stock Units As of June 30, 2023, we had time-based restricted stock unit awards from 2023, 2022, 2021 and 2020 outstanding. The outstanding awards all ratably vest on the first, second and third anniversaries of the original grant date. However, employees whose employment terminates during the measurement period due to death, disability, or, in certain cases, retirement may receive a pro-rata payout based on the number of days they were employed subsequent to the last grant anniversary date. Each time-based restricted stock unit represents a right to receive one share of Rogers’ capital stock at the end of the vesting period. The fair value of the award is determined by the market value of the underlying stock price at the grant date. We recognize compensation expense on all of these awards on a straight-line basis over the vesting period. We account for forfeitures as they occur. A summary of activity of the outstanding time-based restricted stock units for the six months ended June 30, 2023 is presented below: Time-Based Awards outstanding as of December 31, 2022 124,284 Awards granted 64,119 Stock issued (42,494) Awards cancelled (22,936) Awards outstanding as of June 30, 2023 122,973 We recognized $2.5 million of compensation expense for time-based restricted stock units for each of the three-month periods ended June 30, 2023 and 2022, respectively. We recognized $4.6 million of compensation expense for time-based restricted stock units for each of the six-month periods ended June 30, 2023 and 2022, respectively. Deferred Stock Units We grant deferred stock units to non-management directors. These awards are fully vested on the date of grant and the related shares are generally issued on the 13-month anniversary of the grant date unless the individual elects to defer the receipt of those shares. Each deferred stock unit results in the issuance of one share of Rogers’ capital stock. The grant of deferred stock units is typically done annually during the second quarter of each year. The fair value of the award is determined by the market value of the underlying stock price at the grant date. A summary of activity of the outstanding deferred stock units for the six months ended June 30, 2023 is presented below: Deferred Stock Units Awards outstanding as of December 31, 2022 6,850 Awards granted 8,100 Stock issued (6,850) Awards outstanding as of June 30, 2023 8,100

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt In October 2020, we entered into the Fourth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto (the Fourth Amended Credit Agreement). The Fourth Amended Credit Agreement amended and restated the Third Amended Credit Agreement, and provided for a revolving credit facility with up to a $450.0 million borrowing capacity, with sublimits for multicurrency borrowings, letters of credit and swing-line notes, in addition to a $175.0 million accordion feature. Borrowings could have been used to finance working capital needs, for letters of credit and for general corporate purposes in the ordinary course of business, including the financing of permitted acquisitions (as defined in the Fourth Amended Credit Agreement). The Fourth Amended Credit Agreement extended the maturity, the date on which all amounts borrowed or outstanding under the Fourth Amended Credit Agreement were due, from February 17, 2022 to March 31, 2024. All obligations under the Fourth Amended Credit Agreement were guaranteed by each of our existing and future material domestic subsidiaries, as defined in the Fourth Amended Credit Agreement (the Previous Guarantors). The obligations were also secured by a Fourth Amended and Restated Pledge and Security Agreement, dated as of October 16, 2020, entered into by us and the Previous Guarantors which granted to the administrative agent, for the benefit of the lenders, a security interest, subject to certain exceptions, in substantially all of our and the Previous Guarantors’ non-real estate assets. These assets included, but were not limited to, receivables, equipment, intellectual property, inventory, and stock in certain subsidiaries. On March 5, 2021, the U.K. Financial Conduct Authority (FCA) publicly announced that immediately after December 31, 2021, publication of most Euro, Swiss Franc, Japanese Yen and Pound Sterling LIBOR settings will permanently cease. On October 15, 2021, Rogers Corporation and JPMorgan Chase Bank, N.A. entered into an amendment (Amendment No. 1) to the Fourth Amended Credit Agreement to adopt a new benchmark interest rate to replace the discontinued LIBOR reference rates. Borrowings under the Fourth Amended Credit Agreement could have been made as alternate base rate loans, euro-currency loans, or RFR loans. Alternate base rate loans bore interest at a base reference rate plus a spread of 62.5 to 100.0 basis points, depending on our leverage ratio. The base reference rate was the greatest of (a) the prime rate in effect on such day, (b) the NYFRB rate in effect on such day plus ½ of 1%, and (c) the adjusted LIBOR for a one-month interest period in dollars on such day (or if such day is not a business day, the immediately preceding business day) plus 1%. Euro-currency loans bore interest based on adjusted LIBOR plus a spread of 162.5 to 200.0 basis points, depending on our leverage ratio. RFR loans bore interest based upon the Sterling Overnight Index Average (SONIA) plus 0.0326% plus a spread of 162.5 to 200.0 basis points. In addition to interest payable on the principal amount of indebtedness outstanding, we incurred an annual fee of 25 to 35 basis points (based upon our leverage ratio), paid quarterly, of the unused amount of the lenders’ commitments under the Fourth Amended Credit Agreement. The Fourth Amended Credit Agreement contained customary representations and warranties, covenants, mandatory prepayments and events of default under which our payment obligations may be accelerated. If an event of default occurred, the lenders may have, among other things, terminated their commitments and declared all outstanding borrowings to be immediately due and payable together with accrued interest and fees. The financial covenants included requirements to maintain (1) a total net leverage ratio of no more than 3.25 to 1.00, subject to a one-time election to increase the maximum total net leverage ratio to 3.50 to 1.00 for one The Fourth Amended Credit Agreement generally permitted us to pay cash dividends to our shareholders, provided that (i) no default or event of default had occurred and was continuing or would have resulted from the dividend payment and (ii) our total net leverage ratio did not exceed 2.75 to 1.00. If our total net leverage ratio exceeded 2.75 to 1.00, we may have nonetheless made up to $20.0 million in restricted payments, including cash dividends, during the fiscal year, provided that no default or event of default had occurred and was continuing or would have resulted from the payments. On March 24, 2023, we entered into a Fifth Amended and Restated Credit Agreement (the Fifth Amended Credit Agreement) with each of the lenders party thereto, JPMorgan Chase Bank, N.A. as administrative agent, and HSBC Bank USA, National Association, Wells Fargo Bank, National Association, Citibank, N.A. and Citizens Bank, N.A. as Co-Syndication Agents. The Fifth Amended Credit Agreement amends and restates the Fourth Amended Credit Agreement, and provides for (1) a revolving credit facility with up to $450.0 million of revolving loans, with sub-limits for multicurrency borrowings, letters of credit and swing-line notes, and (2) a $225.0 million expansion feature. Borrowings may be used to finance working capital needs, for letters of credit and for the general corporate purposes in the ordinary course of business, including the financing of permitted acquisitions (as defined in the Fifth Amended Credit Agreement). The Fifth Amended Credit Agreement extends the maturity, the date on which all amounts borrowed or outstanding under the Fifth Amended Credit Agreement are due, from March 31, 2024 to March 24, 2028. All obligations under the Fifth Amended Credit Agreement are guaranteed by each of our existing and future material domestic subsidiaries, as defined in the Fifth Amended Credit Agreement (the Guarantors). The obligations are also secured by a Fifth Amended and Restated Pledge and Security Agreement, dated as of March 24, 2023, entered into by us and the Guarantors which grants to the administrative agent, for the benefit of the lenders, a security interest, subject to certain exceptions, in substantially all of the non-real estate assets of ours and the Guarantors. These assets included, but were not limited to, receivables, equipment, intellectual property, inventory, and stock in certain subsidiaries. Borrowings under the Fifth Amended Credit Agreement bear interest based on one of two options. Alternate base rate loans will bear interest at a rate that includes a base reference rate plus a spread of 62.5 to 100.0 basis points, depending on our leverage ratio. The base reference rate will be the greater of the (1) prime rate, (2) federal funds effective rate plus 50 basis points, and (3) the one-month Term Secured Overnight Financial Rate (SOFR) plus 110 basis points. Loans bearing an interest rate determined by reference to the Adjusted Term SOFR Rate, the Adjusted Euro Interbank Offered Rate (EURIBOR), or the Adjusted (Tokyo Interbank Offered Rate (TIBOR) (each as defined in the Fifth Amended Credit Agreement) will bear interest based on screen rate plus a spread of 162.5 to 200.0 basis points, depending on our leverage ratio. Based on our leverage ratio as of June 30, 2023, the spread was 162.5 basis points. In addition to interest payable on the principal amount of indebtedness outstanding, we incur an annual fee of 25 to 35 basis points (based upon our leverage ratio), paid quarterly, of the unused amount of the lenders’ commitments under the Fifth Amended Credit Agreement. The Fifth Amended Credit Agree ment contains customary representations and warranties, covenants, mandatory prepayments and events of default under which the Company’s payment obligations may be accelerated. The financial covenants include a requirement to maintain (1) a total net leverage ratio of no more than 3.25 to 1.00, subject to a one-time election to increase the maximum total net leverage ratio to 3.75 to 1.00 for one during the fiscal year, provided that no default or event of default has occurred and is continuing or would result from the payments. Our total net leverage ratio did not exceed 2.75 to 1.00 and our interest coverage ratio was greater than or equal to 3.00 to 1.00 as of June 30, 2023. There were no borrowings under the Fifth Amended Credit Agreement for the three and six months ended June 30, 2023. There were $70.0 million in borrowings under the Fourth Amended Credit Agreement for the three and six months ended June 30, 2022. We are not required to make any quarterly principal payments under the Fifth Amended Credit Agreement, and we were not required to make any quarterly principal payments under the Fourth Amended Credit Agreement. We made $60.0 million of discretionary principal payments for the three months ended June 30, 2023, and $85.0 million of payments for the six months ended June 30, 2023. There were no discretionary principal payments for the three and six months ended June 30, 2022. We had $130.0 million outstanding borrowings under our revolving credit facility as of June 30, 2023, and $215.0 million as of December 31, 2022. We had $2.3 million and $0.9 million of outstanding line of credit issuance costs as of June 30, 2023 and December 31, 2022, respectively, which will be amortized over the life of the Fifth Amended Credit Agreement.

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	Leases Finance Leases Amortization expense related to our finance lease right-of-use assets, which is primarily included in the “Cost of sales” line item of the condensed consolidated statements of operations, was immaterial for each of the three- and six- month periods ended June 30, 2023 and 2022. Interest expense related to our finance lease obligations, which is included in the “Interest expense, net” line item of the condensed consolidated statements of operations, was immaterial for each of the three- and six- month periods ended June 30, 2023 and 2022. Operating Leases We have operating leases primarily related to building space and vehicles. Renewal options are included in the lease term to the extent we are reasonably certain to exercise the option. The exercise of lease renewal options is at our sole discretion. We account for lease components separately from non-lease components. The incremental borrowing rate represents our ability to borrow on a collateralized basis over a similar lease term. Our expenses and payments for operating leases were as follows: Three Months Ended Six Months Ended (Dollars in thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Operating leases expense $ 856 $ 552 $ 1,847 $ 1,244 Short-term leases expense $ 220 $ 130 $ 358 $ 252 Payments on operating lease obligations $ 928 $ 699 $ 1,735 $ 1,568 Lease Balances in Statements of Financial Position Our assets and liabilities balances related to finance and operating leases reflected in the condensed consolidated statements of financial position were as follows: (Dollars in thousands) Location in Statements of June 30, 2023 December 31, 2022 Finance lease right-of-use assets Property, plant and equipment, net $ 1,638 $ 1,749 Operating lease right-of-use assets Other long-term assets $ 11,216 $ 13,013 Finance lease obligations, current portion Finance lease obligations, current portion $ 355 $ 498 Finance lease obligations, non-current portion Finance lease obligations, non-current portion $ 1,253 $ 1,295 Total finance lease obligations $ 1,608 $ 1,793 Operating lease obligations, current portion Other accrued liabilities $ 2,696 $ 2,842 Operating lease obligations, non-current portion Other long-term liabilities $ 8,604 $ 10,689 Total operating lease obligations $ 11,300 $ 13,531 Net Future Minimum Lease Payments The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of June 30, 2023: Finance Operating (Dollars in thousands) Leases Signed Less: Leases Not Yet Commenced Leases in Effect Leases Signed Less: Leases Not Yet Commenced Leases in Effect 2023 218 (4) 214 1,846 (69) 1,777 2024 427 (15) 412 2,974 (198) 2,776 2025 428 (16) 412 2,322 (174) 2,148 2026 420 (16) 404 1,734 (113) 1,621 2027 210 (16) 194 1,226 (14) 1,212 Thereafter 161 (12) 149 3,970 (4) 3,966 Total lease payments 1,864 (79) 1,785 14,072 (572) 13,500 Less: Interest (187) 10 (177) (2,239) 39 (2,200) Present Value of Net Future Minimum Lease Payments 1,677 (69) 1,608 11,833 (533) 11,300 The following table includes information regarding the lease term and discount rates utilized in the calculation of the present value of net future minimum lease payments: Finance Operating Weighted Average Remaining Lease Term 4.4 years 6.2 years Weighted Average Discount Rate 4.04% 5.35%
Leases	Leases Finance Leases Amortization expense related to our finance lease right-of-use assets, which is primarily included in the “Cost of sales” line item of the condensed consolidated statements of operations, was immaterial for each of the three- and six- month periods ended June 30, 2023 and 2022. Interest expense related to our finance lease obligations, which is included in the “Interest expense, net” line item of the condensed consolidated statements of operations, was immaterial for each of the three- and six- month periods ended June 30, 2023 and 2022. Operating Leases We have operating leases primarily related to building space and vehicles. Renewal options are included in the lease term to the extent we are reasonably certain to exercise the option. The exercise of lease renewal options is at our sole discretion. We account for lease components separately from non-lease components. The incremental borrowing rate represents our ability to borrow on a collateralized basis over a similar lease term. Our expenses and payments for operating leases were as follows: Three Months Ended Six Months Ended (Dollars in thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Operating leases expense $ 856 $ 552 $ 1,847 $ 1,244 Short-term leases expense $ 220 $ 130 $ 358 $ 252 Payments on operating lease obligations $ 928 $ 699 $ 1,735 $ 1,568 Lease Balances in Statements of Financial Position Our assets and liabilities balances related to finance and operating leases reflected in the condensed consolidated statements of financial position were as follows: (Dollars in thousands) Location in Statements of June 30, 2023 December 31, 2022 Finance lease right-of-use assets Property, plant and equipment, net $ 1,638 $ 1,749 Operating lease right-of-use assets Other long-term assets $ 11,216 $ 13,013 Finance lease obligations, current portion Finance lease obligations, current portion $ 355 $ 498 Finance lease obligations, non-current portion Finance lease obligations, non-current portion $ 1,253 $ 1,295 Total finance lease obligations $ 1,608 $ 1,793 Operating lease obligations, current portion Other accrued liabilities $ 2,696 $ 2,842 Operating lease obligations, non-current portion Other long-term liabilities $ 8,604 $ 10,689 Total operating lease obligations $ 11,300 $ 13,531 Net Future Minimum Lease Payments The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of June 30, 2023: Finance Operating (Dollars in thousands) Leases Signed Less: Leases Not Yet Commenced Leases in Effect Leases Signed Less: Leases Not Yet Commenced Leases in Effect 2023 218 (4) 214 1,846 (69) 1,777 2024 427 (15) 412 2,974 (198) 2,776 2025 428 (16) 412 2,322 (174) 2,148 2026 420 (16) 404 1,734 (113) 1,621 2027 210 (16) 194 1,226 (14) 1,212 Thereafter 161 (12) 149 3,970 (4) 3,966 Total lease payments 1,864 (79) 1,785 14,072 (572) 13,500 Less: Interest (187) 10 (177) (2,239) 39 (2,200) Present Value of Net Future Minimum Lease Payments 1,677 (69) 1,608 11,833 (533) 11,300 The following table includes information regarding the lease term and discount rates utilized in the calculation of the present value of net future minimum lease payments: Finance Operating Weighted Average Remaining Lease Term 4.4 years 6.2 years Weighted Average Discount Rate 4.04% 5.35%

Pension Benefits and Other Post

Pension Benefits and Other Postretirement Benefits	6 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Pension Benefit and Other Postretirement Benefits	Pension Benefits and Other Postretirement Benefits Pension and Other Postretirement Benefit Plans As of June 30, 2023, we had one qualified noncontributory defined benefit pension plan, the Rogers Corporation Employees’ Pension Plan (the Union Plan), which was frozen and ceased accruing benefits in 2013. Additionally, we sponsor other postretirement benefit plans, including multiple fully insured or self-funded medical plans and life insurance plans for certain retirees. The measurement date for all plans is December 31 st for each respective plan year. Components of Net Periodic Benefit (Credit) Cost The components of net periodic benefit (credit) cost were as follows: Pension Benefits Other Postretirement Benefits Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) 2023 2022 2023 2022 2023 2022 2023 2022 Service cost $ — $ — $ — $ — $ 19 $ 10 $ 38 $ 20 Interest cost 268 191 536 382 17 8 34 16 Expected return of plan assets (356) (340) (712) (680) — — — — Amortization of prior service credit — — — — — — — — Amortization of net loss (gain) 122 111 244 222 (2) — (4) — Net periodic benefit (credit) cost $ 34 $ (38) $ 68 $ (76) $ 34 $ 18 $ 68 $ 36 Employer Contributions There were no required or voluntary contributions made to the Union Plan for each of the three and six months ended June 30, 2023 and 2022. Additionally, we are not required to make additional contributions to the Union Plan for the remainder of 2023. As there is no funding requirement for the other postretirement benefit plans, we funded these benefit payments as incurred, which were immaterial for each of the three and six months ended June 30, 2023 and 2022, using cash from operations.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are currently engaged in the following material environmental and legal proceedings: Voluntary Corrective Action Program Our location in Rogers, Connecticut is part of the Connecticut Voluntary Corrective Action Program (VCAP). As part of this program, we partnered with the Connecticut Department of Energy and Environmental Protection (CT DEEP) to determine the corrective actions to be taken at the site related to contamination issues. We evaluated this matter and completed internal due diligence work related to the site in the fourth quarter of 2015. Remediation activities on the site are ongoing and are recorded as reductions to the accrual as they are incurred. We incurred $2.0 million of aggregate remediation costs through June 30, 2023, and the accrual for future remediation efforts is $0.7 million. Asbestos Overview We, like many other industrial companies, have been named as a defendant in a number of lawsuits filed in courts across the country by persons alleging personal injury from exposure to products containing asbestos. We have never mined, milled, manufactured or marketed asbestos; rather, we made and provided to industrial users a limited number of products that contained encapsulated asbestos, but we stopped manufacturing these products in the late 1980s. Most of the claims filed against us involve numerous defendants, sometimes as many as several hundred. The following table summarizes the change in number of asbestos claims outstanding for the six months ended June 30, 2023: Asbestos Claims Claims outstanding as of January 1, 2023 537 New claims filed 81 Pending claims concluded (1) (61) Claims outstanding as of June 30, 2023 557 (1) For the six months ended June 30, 2023, 52 claims were dismissed and 9 claims were settled. Settlements totaled approximately $2.2 million for the six months ended June 30, 2023. Impact on Financial Statements We recognize a liability for asbestos-related contingencies that are probable of occurrence and reasonably estimable. In connection with the recognition of liabilities for asbestos-related matters, we record asbestos-related insurance receivables that are deemed probable. The liability projection period covers all current and future indemnity and defense costs through 2064, which represents the expected end of our asbestos liability exposure with no further ongoing claims expected beyond that date. This conclusion was based on our history and experience with the claims data, the diminished volatility and consistency of observable claims data, the period of time that has elapsed since we stopped manufacturing products that contained encapsulated asbestos and an expected downward trend in claims due to the average age of our claimants, which is approaching the average life expectancy. To date, the indemnity and defense costs of our asbestos-related product liability litigation have been substantially covered by insurance. Although we have exhausted coverage under some of our insurance policies, we believe that we have applicable primary, excess and/or umbrella coverage for claims arising with respect to most of the years during which we manufactured and marketed asbestos-containing products. In addition, we have entered into a cost sharing agreement with most of our primary, excess and umbrella insurance carriers to facilitate the ongoing administration and payment of claims covered by the carriers. The cost sharing agreement may be terminated by any party, but will continue until a party elects to terminate it. As of the filing date for this report, the agreement has not been terminated, and no carrier had informed us that it intends to terminate the agreement. We expect to continue to exhaust individual primary, excess and umbrella coverages over time, and there is no assurance that such exhaustion will not accelerate due to additional claims, damages and settlements or that coverage will be available as expected. We are responsible for uninsured indemnity and defense costs, and we incurred an immaterial amount of expenses for each of the three- and six- month periods ended June 30, 2023 and 2022, respectively, related to such costs. The amounts recorded for the asbestos-related liability and the related insurance receivables are based on facts known at the time and a number of assumptions. However, projecting for future events, such as the number of new claims to be filed each year, the average cost of disposing of such claims, the length of time it takes to dispose of such claims, coverage issues among insurers and the continuing solvency of various insurance companies, as well as the numerous uncertainties surrounding asbestos litigation in the United States, could cause the actual liability and insurance recoveries for us to be higher or lower than those projected or recorded. Changes recorded in the estimated liability and estimated insurance recovery based on projections of asbestos litigation and corresponding insurance coverage, result in the recognition of expense or income. Our projected asbestos-related liabilities and insurance receivables were as follows: (Dollars in thousands) June 30, 2023 December 31, 2022 Asbestos-related liabilities $ 64,852 $ 65,033 Asbestos-related insurance receivables $ 59,807 $ 59,807 General In addition to the above issues, the nature and scope of our business brings us in regular contact with the general public and a variety of businesses and government agencies. Such activities inherently subject us to the possibility of litigation, including environmental and product liability matters that are defended and handled in the ordinary course of business. We have established accruals for matters for which management considers a loss to be probable and reasonably estimable. It is the opinion of management that facts known at the present time do not indicate that such litigation will have a material adverse impact on our results of operations, financial position or cash flows.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective income tax rate was 28.9% and 25.4% for the three months ended June 30, 2023 and 2022, respectively. The increase from the second quarter of 2022 was primarily due to the increase in the valuation allowance attributable to loss jurisdictions in which no benefit is anticipated to be realized. Our effective income tax rate was 33.2% and 22.2% for the six months ended June 30, 2023 and 2022, respectively. The increase from the first half of 2022 was primarily due to the increase in the valuation allowance attributable to loss jurisdictions in which no benefit is anticipated to be realized and the decrease in the excess tax benefits associated with stock compensation windfalls. The total amount of unrecognized tax benefits as of June 30, 2023 was $9.0 million, of which $7.9 million would affect our effective tax rate if recognized. Additionally, the balance of unrecognized tax benefits as of June 30, 2023 also included $1.1 million of tax benefits that, if recognized, would result in adjustments to other tax accounts, primarily deferred taxes. We recognize interest and penalties related to unrecognized tax benefits through income tax expense. As of June 30, 2023, we had $1.5 million accrued for the payment of interest.

Operating Segment Information

Operating Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Operating Segment Information	Operating Segment Information Our reporting structure is comprised of the following strategic operating segments: AES and EMS. The remaining operations, which represent our non-core businesses, are reported in the Other operating segment. Our AES operating segment designs, develops, manufactures and sells circuit materials, ceramic substrate materials, busbars and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), automotive (i.e., advanced driver assistance systems (ADAS)), aerospace and defense (i.e., antenna systems, communication systems and phased array radar systems), renewable energy (i.e., wind and solar), wireless infrastructure (i.e., power amplifiers, antennas and small cells), mass transit, industrial (variable frequency drives), connected devices (i.e., mobile internet devices and thermal solutions) and wired infrastructure (i.e., computing and internet protocol (IP) infrastructure) markets. Our EMS operating segment designs, develops, manufactures and sells engineered material solutions for a wide variety of applications and markets. These include polyurethane and silicone materials used in cushioning, gasketing and sealing, and vibration management applications for EV/HEV, general industrial, portable electronics, automotive, mass transit, aerospace and defense and footwear and impact mitigation markets; customized silicones used in flex heater and semiconductor thermal applications for EV/HEV, general industrial, portable electronics, automotive, mass transit, aerospace and defense and medical markets; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications for EV/HEV, general industrial, automotive and aerospace and defense markets. Our Other operating segment consists of elastomer components for applications in the general industrial market, as well as elastomer floats for level sensing in fuel tanks, motors, and storage tanks applications in the general industrial and automotive markets. The following table presents a disaggregation of revenue from contracts with customers and other pertinent financial information, for the periods indicated; inter-segment sales have been eliminated from the net sales data: (Dollars in thousands) Advanced Electronics Solutions Elastomeric Material Solutions Other Total Three Months Ended June 30, 2023 Net sales - recognized over time $ 57,131 $ 7,126 $ 4,007 $ 68,264 Net sales - recognized at a point in time 73,041 88,223 1,293 162,557 Total net sales $ 130,172 $ 95,349 $ 5,300 $ 230,821 Operating income $ 5,836 $ 20,225 $ 1,833 $ 27,894 Three Months Ended June 30, 2022 Net sales - recognized over time $ 70,636 $ 2,698 $ 4,280 $ 77,614 Net sales - recognized at a point in time 70,529 102,392 1,435 174,356 Total net sales $ 141,165 $ 105,090 $ 5,715 $ 251,970 Operating income $ 8,775 $ 12,601 $ 2,020 $ 23,396 Six Months Ended June 30, 2023 Net sales - recognized over time $ 119,550 $ 16,092 $ 7,918 $ 143,560 Net sales - recognized at a point in time 146,490 181,498 3,120 331,108 Total net sales $ 266,040 $ 197,590 $ 11,038 $ 474,668 Operating income $ 327 $ 23,442 $ 3,873 $ 27,642 Six Months Ended June 30, 2022 Net sales - recognized over time $ 141,122 $ 5,744 $ 8,653 $ 155,519 Net sales - recognized at a point in time 133,196 209,586 1,935 344,717 Total net sales $ 274,318 $ 215,330 $ 10,588 $ 500,236 Operating income $ 10,079 $ 29,598 $ 3,610 $ 43,287 Net sales by operating segment and by geographic area were as follows: (Dollars in thousands) Net Sales (1) Region/Country Advanced Electronics Solutions Elastomeric Material Solutions Other Total Three Months Ended June 30, 2023 United States $ 21,311 $ 43,971 $ 936 $ 66,218 Other Americas 658 252 185 1,095 Total Americas 21,969 44,223 1,121 67,313 China 38,082 20,711 2,026 60,819 Other APAC 22,214 7,972 857 31,043 Total APAC 60,296 28,683 2,883 91,862 Germany 25,171 8,120 96 33,387 Other EMEA 22,736 14,323 1,200 38,259 Total EMEA 47,907 22,443 1,296 71,646 Total net sales $ 130,172 $ 95,349 $ 5,300 $ 230,821 Three Months Ended June 30, 2022 United States $ 31,731 $ 44,179 $ 1,145 $ 77,055 Other Americas 998 2,429 199 3,626 Total Americas 32,729 46,608 1,344 80,681 China 41,243 31,398 1,944 74,585 Other APAC 23,382 6,529 762 30,673 Total APAC 64,625 37,927 2,706 105,258 Germany 17,373 7,736 211 25,320 Other EMEA 26,438 12,819 1,454 40,711 Total EMEA 43,811 20,555 1,665 66,031 Total net sales $ 141,165 $ 105,090 $ 5,715 $ 251,970 (1) Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated. (Dollars in thousands) Net Sales (1) Region/Country Advanced Electronics Solutions Elastomeric Material Solutions Other Total Six Months Ended June 30, 2023 United States $ 42,860 $ 85,840 $ 2,067 $ 130,767 Other Americas 2,959 9,508 316 12,783 Total Americas 45,819 95,348 2,383 143,550 China 76,518 40,886 4,425 121,829 Other APAC 47,051 14,967 1,379 63,397 Total APAC 123,569 55,853 5,804 185,226 Germany 49,172 16,154 239 65,565 Other EMEA 47,480 30,235 2,612 80,327 Total EMEA 96,652 46,389 2,851 145,892 Total net sales $ 266,040 $ 197,590 $ 11,038 $ 474,668 Six Months Ended June 30, 2022 United States $ 60,938 $ 89,568 $ 1,988 $ 152,494 Other Americas 1,971 5,016 367 7,354 Total Americas 62,909 94,584 2,355 159,848 China 77,322 62,385 3,758 143,465 Other APAC 43,479 13,245 1,270 57,994 Total APAC 120,801 75,630 5,028 201,459 Germany 37,926 16,474 481 54,881 Other EMEA 52,682 28,642 2,724 84,048 Total EMEA 90,608 45,116 3,205 138,929 Total net sales $ 274,318 $ 215,330 $ 10,588 $ 500,236 (1) Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated. Revenue from Contracts with Customers We have contract assets primarily related to unbilled revenue for revenue recognized related to products that are deemed to have no alternative use whereby we have the right to payment. Revenue is recognized in advance of billing to the customer in these circumstances as billing is typically performed at the time of shipment to the customer. The unbilled revenue is included in contract assets on the condensed consolidated statements of financial position. Contract assets by operating segment were as follows: (Dollars in thousands) June 30, 2023 December 31, 2022 Advanced Electronics Solutions 37,025 $ 33,736 Elastomeric Material Solutions 1,551 1,584 Other 3,647 3,533 Total contract assets 42,223 $ 38,853 We did not have any contract liabilities as of June 30, 2023 or December 31, 2022. No impairment losses were recognized for the three- and six- month periods ended June 30, 2023 and 2022, respectively, on any receivables or contract assets arising from our contracts with customers.

Supplemental Financial Informat

Supplemental Financial Information	6 Months Ended
	Jun. 30, 2023
Supplemental Income Statement Elements [Abstract]
Supplemental Financial Information	Supplemental Financial Information Restructuring and Impairment Charges The components of “Restructuring and impairment charges” line item in the condensed consolidated statements of operations, which contains restructuring charges and related expenses, as well as impairment charges, were as follows: Three Months Ended Six Months Ended (Dollars in thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Restructuring charges Manufacturing footprint optimization $ — $ 465 $ — $ 534 Global workforce reduction 1,062 — 8,090 — Facility consolidations 2,877 — 6,350 — Total restructuring charges 3,939 465 14,440 534 Impairment charges Fixed asset impairment charges — 212 — 212 Total impairment charges — 212 — 212 Total restructuring and impairment charges $ 3,939 $ 677 $ 14,440 $ 746 Allocation of Restructuring and Impairment Charges to Operating Segments The following table summarizes the allocation of restructuring and impairment charges to our operating segments: Three Months Ended Six Months Ended (Dollars in thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Advanced Electronics Solutions Allocated restructuring charges $ 3,131 $ 479 $ 8,577 $ 548 Allocated impairment charges — 212 — 212 Elastomeric Material Solutions Allocated restructuring charges 808 (14) 5,863 (14) Allocated impairment charges — — — — Total restructuring and impairment charges $ 3,939 $ 677 $ 14,440 $ 746 Restructuring Charges - Global Workforce Reduction On February 16, 2023, we announced a reduction in force plan of our global workforce that is expected to be completed in the first half of 2023. The plan is expected to significantly reduce our manufacturing costs and operating expenses. We estimate that we will incur approximately $8.1 million to $8.5 million in pre-tax restructuring charges related to this plan, all of which are expected to be in the form of cash-based expenditures and substantially all of which are expected to be related to employee severance and other termination benefits. (Dollars in thousands) Global Workforce Reduction Restructuring Severance and Related Benefits Balance as of December 31, 2022 $ — Provisions 7,910 Payments (6,213) Foreign currency translation adjustment 60 Balance as of June 30, 2023 $ 1,757 Restructuring Charges - Facility Consolidations In late 2022 and early 2023, we announced our intention to exit certain facilities in the U.S. and Asia. The plan is expected to significantly reduce our manufacturing costs and operating expenses. We estimate that we will incur approximately $7.5 million to $8.5 million in pre-tax restructuring charges related to these facility consolidations, most of which are expected to be in the form of accelerated depreciation. As part of our facility consolidations plan, on February 17, 2023, we entered into an asset purchase agreement to sell our high-performance engineered cellular elastomer business in our EMS operating segment for a purchase price of $1.8 million. The first phase of the deal, which pertained to the net assets other than the land and building, was completed in late March 2023, while the second phase, which pertains to the sale of the land and building, is expected to be completed in the third quarter of 2023. Of the $1.8 million purchase price, $1.0 million and $0.8 million were allocated to the first and second phases of the deal, respectively. First phase of the deal included $3.7 million in assets and $3.1 million in liabilities. The assets were primarily comprised of accounts receivable, contract assets and inventories, while the liabilities primarily comprised of accounts payable and other accrued liabilities, along with the previously recognized accrual against the net assets of the business based on the estimated fair value of the business in December 2022. We incurred $1.2 million of selling costs in the first quarter of 2023, which were recorded in “Selling, general and administrative expenses” in our condensed consolidated statements of operations. As of June 30, 2023 we recognized $16.1 million of assets held for sale within the “Other current assets” financial statement line item of our condensed statements of financial position. This includes $13.1 million for land and building at our Price Road facility in Chandler, Arizona and $3.0 million of land and building at one of our Suzhou, China facilities. On July 14, 2023, we entered into an asset purchase agreement to sell the Price Road facility for $18.8 million, which is expected to close late in the third quarter of 2023. Other Operating (Income) Expense, Net The components of “Other operating (income) expense, net” line item in the condensed consolidated statements of operations, were as follows: Three Months Ended Six Months Ended (Dollars in thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 UTIS fire Inventory charges — (1) — 200 Professional services 256 492 519 926 Lease obligations — 46 — 278 Compensation & benefits — 573 — 1,369 Other — 2 — 13 Insurance recoveries (6,194) (2,852) (6,694) (5,042) Total UTIS fire (5,938) (1,740) (6,175) (2,256) (Gain) loss on sale or disposal of property, plant and equipment (504) (3) (486) (18) Total other operating (income) expense, net $ (6,442) $ (1,743) $ (6,661) $ (2,274) In early February 2021, there was a fire at our UTIS manufacturing facility in Ansan, South Korea, which manufactures eSorba® polyurethane foams used in portable electronics and display applications. The site was safely evacuated and there were no reported injuries; however, there was extensive damage to the manufacturing site and some damage to nearby property. Commercial production at our new location in Siheung, South Korea commenced in late January 2023. In connection with the UTIS fire, we recognized insurance recoveries of $6.2 million and $6.7 million related to our ongoing insurance claims for business interruption and property damage for the three and six months ended June 30, 2023. We incurred $0.3 million and $0.5 million for various professional services for the three and six months ended June 30, 2023, in connection with the pursuit of our insurance claims. In connection with the UTIS fire, we recognized insurance recoveries of $2.9 million and $5.0 million related to our ongoing insurance claim for property damage and compensation and benefits of hourly employees for the three and six months ended June 30, 2022. We incurred $0.5 million and $0.9 million for various professional services for the three and six months ended June 30, 2022, in connection with the assessment of the fire and the efforts to rebuild and resume operations. Further, we incurred $0.6 million and $1.4 million for compensation and benefits for UTIS manufacturing employees subsequent to the fire for the three and six months ended June 30, 2022. Interest Expense, Net The components of “Interest expense, net” line item in the condensed consolidated statements of operations, were as follows: Three Months Ended Six Months Ended (Dollars in thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Interest on revolving credit facility $ (2,987) $ (1,344) $ (6,367) $ (2,183) Line of credit fees (44) (153) (346) (291) Debt issuance amortization costs (122) (179) (404) (358) Interest income 340 179 845 287 Other (24) (51) (27) (72) Total interest expense, net $ (2,837) $ (1,548) $ (6,299) $ (2,617)

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income	$ 17,864	$ 17,883	$ 14,359	$ 34,483

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Derivative Instruments Measured at Fair Value on a Recurring Basis	Derivative instruments measured at fair value on a recurring basis, categorized by the level of inputs used in the valuation, were as follows: Derivative Instruments at Fair Value as of June 30, 2023 (Dollars in thousands) Level 1 Level 2 Level 3 Total (1) Foreign currency contracts $ — $ (6) $ — $ (6) Copper derivative contracts $ — $ 461 $ — $ 461 Derivative Instruments at Fair Value as of December 31, 2022 (Dollars in thousands) Level 1 Level 2 Level 3 Total (1) Foreign currency contracts $ — $ (82) $ — $ (82) Copper derivative contracts $ — $ 500 $ — $ 500 (1) All balances were recorded in the “Other current assets” or “Other accrued liabilities” line items in the condensed consolidated statements of financial position.

Hedging Transactions and Deri_2

Hedging Transactions and Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	As of June 30, 2023, the notional values of the remaining foreign currency forward contracts were as follows: Notional Values of Foreign Currency Derivatives USD/CNH $ 13,538,040 USD/EUR $ 3,000,000 KRW/USD ₩ 3,906,600,000 JPY/EUR ¥ 500,000,000 As of June 30, 2023, the volume of our copper contracts outstanding was as follows: Volume of Copper Derivatives July 2023 - September 2023 69 metric tons per month October 2023 - December 2023 69 metric tons per month January 2024 - March 2024 69 metric tons per month April 2024 - June 2024 69 metric tons per month
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The impacts from our derivative instruments on the statement of operations and statements of comprehensive income (loss) were as follows: Three Months Ended Six Months Ended (Dollars in thousands) Financial Statement Line Item June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Foreign Currency Contracts Contracts not designated as hedging instruments Other income (expense), net $ 815 $ (236) $ 835 $ (918) Copper Derivative Contracts Contracts not designated as hedging instruments Other income (expense), net $ (455) $ (1,129) $ (420) $ (798)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of Accumulated Balances Related to Each Component of Accumulated Other Comprehensive Income (Loss)	The changes in accumulated other comprehensive loss by component were as follows: (Dollars and accompanying footnotes in thousands) Foreign Currency Translation Adjustments Pension and Other Postretirement Benefits (1) Total Balance as of December 31, 2022 $ (75,575) $ (9,689) $ (85,264) Other comprehensive income (loss) before reclassifications 14,046 — 14,046 Amounts reclassified from accumulated other comprehensive loss — 187 187 Net current-period other comprehensive income (loss) 14,046 187 14,233 Balance as of June 30, 2023 $ (61,529) $ (9,502) $ (71,031) Balance as of December 31, 2021 $ (35,641) $ (9,602) $ (45,243) Other comprehensive income (loss) before reclassifications (45,348) — (45,348) Amounts reclassified from accumulated other comprehensive loss — 158 158 Net current-period other comprehensive income (loss) (45,348) 158 (45,190) Balance as of June 30, 2022 $ (80,989) $ (9,444) $ (90,433) (1) Net of taxes of $1,873 and $1,926 as of June 30, 2023 and December 31, 2022, respectively. Net of taxes of $2,081 and $2,125 as of June 30, 2022 and December 31, 2021, respectively.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories, which are valued at the lower of cost or net realizable value, consisted of the following: (Dollars in thousands) June 30, 2023 December 31, 2022 Raw materials $ 81,216 $ 87,851 Work-in-process 49,207 45,100 Finished goods 39,252 49,451 Total inventories $ 169,675 $ 182,402

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the net carrying amount of goodwill by operating segment were as follows: (Dollars in thousands) Advanced Electronics Solutions Elastomeric Material Solutions Other Total December 31, 2022 $ 115,352 $ 234,789 $ 2,224 $ 352,365 Foreign currency translation adjustment 1,474 4,802 — $ 6,276 June 30, 2023 $ 116,826 $ 239,591 $ 2,224 $ 358,641
Schedule of Intangible Assets	The gross and net carrying amounts, as well as the accumulated amortization of other intangible assets were as follows: June 30, 2023 December 31, 2022 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 177,598 $ 85,967 $ 91,631 $ 178,605 $ 85,569 $ 93,036 Technology 77,063 55,573 21,490 82,349 59,052 23,297 Trademarks and trade names 19,380 6,810 12,570 19,098 6,639 12,459 Covenants not to compete 1,531 980 551 1,919 1,199 720 Total definite-lived other intangible assets 275,572 149,330 126,242 281,971 152,459 129,512 Indefinite-lived other intangible asset 4,309 — 4,309 4,212 — 4,212 Total other intangible assets $ 279,881 $ 149,330 $ 130,551 $ 286,183 $ 152,459 $ 133,724
Schedule of Weighted Average Amortization Period, by Intangible Asset Class	The weighted average amortization period as of June 30, 2023, by definite-lived other intangible asset class, was as follows: Definite-Lived Other Intangible Asset Class Weighted Average Remaining Amortization Period Customer relationships 7.6 years Technology 3.4 years Trademarks and trade names 10.0 years Covenants not to compete 0.7 years Total definite-lived other intangible assets 7.1 years

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share: (Dollars and shares in thousands, except per share amounts) Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Numerator: Net income $ 17,864 $ 17,883 $ 14,359 $ 34,483 Denominator: Weighted-average shares outstanding - basic 18,627 18,813 18,615 18,797 Effect of dilutive shares 56 179 44 199 Weighted-average shares outstanding - diluted 18,683 18,992 18,659 18,996 Basic earnings per share $ 0.96 $ 0.95 $ 0.77 $ 1.83 Diluted earnings per share $ 0.96 $ 0.94 $ 0.77 $ 1.82

Capital Stock and Equity Comp_2

Capital Stock and Equity Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Weighted-Average Assumptions Used	The following table sets forth the assumptions used in the Monte Carlo calculation for each material award granted in 2023: February 9, 2023 Expected volatility 53.2% Expected term (in years) 2.9 Risk-free interest rate 4.08%
Schedule of Restricted Stock and Restricted Stock Activity	A summary of activity of the outstanding performance-based restricted stock units for the six months ended June 30, 2023 is presented below: Performance-Based Awards outstanding as of December 31, 2022 65,513 Awards granted 48,671 Stock issued (8,775) Awards cancelled (31,563) Awards outstanding as of June 30, 2023 73,846 A summary of activity of the outstanding time-based restricted stock units for the six months ended June 30, 2023 is presented below: Time-Based Awards outstanding as of December 31, 2022 124,284 Awards granted 64,119 Stock issued (42,494) Awards cancelled (22,936) Awards outstanding as of June 30, 2023 122,973 A summary of activity of the outstanding deferred stock units for the six months ended June 30, 2023 is presented below: Deferred Stock Units Awards outstanding as of December 31, 2022 6,850 Awards granted 8,100 Stock issued (6,850) Awards outstanding as of June 30, 2023 8,100

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of Lease Expense, Payments for Operating Leases, and Information Related to Lease Term and Discount Rates	Our expenses and payments for operating leases were as follows: Three Months Ended Six Months Ended (Dollars in thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Operating leases expense $ 856 $ 552 $ 1,847 $ 1,244 Short-term leases expense $ 220 $ 130 $ 358 $ 252 Payments on operating lease obligations $ 928 $ 699 $ 1,735 $ 1,568 The following table includes information regarding the lease term and discount rates utilized in the calculation of the present value of net future minimum lease payments: Finance Operating Weighted Average Remaining Lease Term 4.4 years 6.2 years Weighted Average Discount Rate 4.04% 5.35%
Schedule of Assets and Liabilities Balance Related To Finance and Operating Leases	Our assets and liabilities balances related to finance and operating leases reflected in the condensed consolidated statements of financial position were as follows: (Dollars in thousands) Location in Statements of June 30, 2023 December 31, 2022 Finance lease right-of-use assets Property, plant and equipment, net $ 1,638 $ 1,749 Operating lease right-of-use assets Other long-term assets $ 11,216 $ 13,013 Finance lease obligations, current portion Finance lease obligations, current portion $ 355 $ 498 Finance lease obligations, non-current portion Finance lease obligations, non-current portion $ 1,253 $ 1,295 Total finance lease obligations $ 1,608 $ 1,793 Operating lease obligations, current portion Other accrued liabilities $ 2,696 $ 2,842 Operating lease obligations, non-current portion Other long-term liabilities $ 8,604 $ 10,689 Total operating lease obligations $ 11,300 $ 13,531
Schedule of Finance Lease Liability Maturity	The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of June 30, 2023: Finance Operating (Dollars in thousands) Leases Signed Less: Leases Not Yet Commenced Leases in Effect Leases Signed Less: Leases Not Yet Commenced Leases in Effect 2023 218 (4) 214 1,846 (69) 1,777 2024 427 (15) 412 2,974 (198) 2,776 2025 428 (16) 412 2,322 (174) 2,148 2026 420 (16) 404 1,734 (113) 1,621 2027 210 (16) 194 1,226 (14) 1,212 Thereafter 161 (12) 149 3,970 (4) 3,966 Total lease payments 1,864 (79) 1,785 14,072 (572) 13,500 Less: Interest (187) 10 (177) (2,239) 39 (2,200) Present Value of Net Future Minimum Lease Payments 1,677 (69) 1,608 11,833 (533) 11,300
Schedule of Operating Lease Liability Maturity	The following table includes future minimum lease payments under finance and operating leases together with the present value of the net future minimum lease payments as of June 30, 2023: Finance Operating (Dollars in thousands) Leases Signed Less: Leases Not Yet Commenced Leases in Effect Leases Signed Less: Leases Not Yet Commenced Leases in Effect 2023 218 (4) 214 1,846 (69) 1,777 2024 427 (15) 412 2,974 (198) 2,776 2025 428 (16) 412 2,322 (174) 2,148 2026 420 (16) 404 1,734 (113) 1,621 2027 210 (16) 194 1,226 (14) 1,212 Thereafter 161 (12) 149 3,970 (4) 3,966 Total lease payments 1,864 (79) 1,785 14,072 (572) 13,500 Less: Interest (187) 10 (177) (2,239) 39 (2,200) Present Value of Net Future Minimum Lease Payments 1,677 (69) 1,608 11,833 (533) 11,300

Pension Benefits and Other Po_2

Pension Benefits and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Schedule of Components of Net Periodic Benefit Cost	The components of net periodic benefit (credit) cost were as follows: Pension Benefits Other Postretirement Benefits Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) 2023 2022 2023 2022 2023 2022 2023 2022 Service cost $ — $ — $ — $ — $ 19 $ 10 $ 38 $ 20 Interest cost 268 191 536 382 17 8 34 16 Expected return of plan assets (356) (340) (712) (680) — — — — Amortization of prior service credit — — — — — — — — Amortization of net loss (gain) 122 111 244 222 (2) — (4) — Net periodic benefit (credit) cost $ 34 $ (38) $ 68 $ (76) $ 34 $ 18 $ 68 $ 36

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Liability For Unpaid Claims And Claims Adjustment Expense	The following table summarizes the change in number of asbestos claims outstanding for the six months ended June 30, 2023: Asbestos Claims Claims outstanding as of January 1, 2023 537 New claims filed 81 Pending claims concluded (1) (61) Claims outstanding as of June 30, 2023 557 (1) For the six months ended June 30, 2023, 52 claims were dismissed and 9 claims were settled. Settlements totaled approximately $2.2 million for the six months ended June 30, 2023.
Schedule of Asbestos-Related Claims and Insurance Receivables	Our projected asbestos-related liabilities and insurance receivables were as follows: (Dollars in thousands) June 30, 2023 December 31, 2022 Asbestos-related liabilities $ 64,852 $ 65,033 Asbestos-related insurance receivables $ 59,807 $ 59,807

Operating Segment Information (

Operating Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Reportable Segment Information	The following table presents a disaggregation of revenue from contracts with customers and other pertinent financial information, for the periods indicated; inter-segment sales have been eliminated from the net sales data: (Dollars in thousands) Advanced Electronics Solutions Elastomeric Material Solutions Other Total Three Months Ended June 30, 2023 Net sales - recognized over time $ 57,131 $ 7,126 $ 4,007 $ 68,264 Net sales - recognized at a point in time 73,041 88,223 1,293 162,557 Total net sales $ 130,172 $ 95,349 $ 5,300 $ 230,821 Operating income $ 5,836 $ 20,225 $ 1,833 $ 27,894 Three Months Ended June 30, 2022 Net sales - recognized over time $ 70,636 $ 2,698 $ 4,280 $ 77,614 Net sales - recognized at a point in time 70,529 102,392 1,435 174,356 Total net sales $ 141,165 $ 105,090 $ 5,715 $ 251,970 Operating income $ 8,775 $ 12,601 $ 2,020 $ 23,396 Six Months Ended June 30, 2023 Net sales - recognized over time $ 119,550 $ 16,092 $ 7,918 $ 143,560 Net sales - recognized at a point in time 146,490 181,498 3,120 331,108 Total net sales $ 266,040 $ 197,590 $ 11,038 $ 474,668 Operating income $ 327 $ 23,442 $ 3,873 $ 27,642 Six Months Ended June 30, 2022 Net sales - recognized over time $ 141,122 $ 5,744 $ 8,653 $ 155,519 Net sales - recognized at a point in time 133,196 209,586 1,935 344,717 Total net sales $ 274,318 $ 215,330 $ 10,588 $ 500,236 Operating income $ 10,079 $ 29,598 $ 3,610 $ 43,287 Net sales by operating segment and by geographic area were as follows: (Dollars in thousands) Net Sales (1) Region/Country Advanced Electronics Solutions Elastomeric Material Solutions Other Total Three Months Ended June 30, 2023 United States $ 21,311 $ 43,971 $ 936 $ 66,218 Other Americas 658 252 185 1,095 Total Americas 21,969 44,223 1,121 67,313 China 38,082 20,711 2,026 60,819 Other APAC 22,214 7,972 857 31,043 Total APAC 60,296 28,683 2,883 91,862 Germany 25,171 8,120 96 33,387 Other EMEA 22,736 14,323 1,200 38,259 Total EMEA 47,907 22,443 1,296 71,646 Total net sales $ 130,172 $ 95,349 $ 5,300 $ 230,821 Three Months Ended June 30, 2022 United States $ 31,731 $ 44,179 $ 1,145 $ 77,055 Other Americas 998 2,429 199 3,626 Total Americas 32,729 46,608 1,344 80,681 China 41,243 31,398 1,944 74,585 Other APAC 23,382 6,529 762 30,673 Total APAC 64,625 37,927 2,706 105,258 Germany 17,373 7,736 211 25,320 Other EMEA 26,438 12,819 1,454 40,711 Total EMEA 43,811 20,555 1,665 66,031 Total net sales $ 141,165 $ 105,090 $ 5,715 $ 251,970 (1) Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated. Contract assets by operating segment were as follows: (Dollars in thousands) June 30, 2023 December 31, 2022 Advanced Electronics Solutions 37,025 $ 33,736 Elastomeric Material Solutions 1,551 1,584 Other 3,647 3,533 Total contract assets 42,223 $ 38,853

Supplemental Financial Inform_2

Supplemental Financial Information (Tables)	6 Months Ended
	Jun. 30, 2023
Supplemental Income Statement Elements [Abstract]
Schedule of Restructuring and Impairment Charges	The components of “Restructuring and impairment charges” line item in the condensed consolidated statements of operations, which contains restructuring charges and related expenses, as well as impairment charges, were as follows: Three Months Ended Six Months Ended (Dollars in thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Restructuring charges Manufacturing footprint optimization $ — $ 465 $ — $ 534 Global workforce reduction 1,062 — 8,090 — Facility consolidations 2,877 — 6,350 — Total restructuring charges 3,939 465 14,440 534 Impairment charges Fixed asset impairment charges — 212 — 212 Total impairment charges — 212 — 212 Total restructuring and impairment charges $ 3,939 $ 677 $ 14,440 $ 746 The following table summarizes the allocation of restructuring and impairment charges to our operating segments: Three Months Ended Six Months Ended (Dollars in thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Advanced Electronics Solutions Allocated restructuring charges $ 3,131 $ 479 $ 8,577 $ 548 Allocated impairment charges — 212 — 212 Elastomeric Material Solutions Allocated restructuring charges 808 (14) 5,863 (14) Allocated impairment charges — — — — Total restructuring and impairment charges $ 3,939 $ 677 $ 14,440 $ 746
Schedule of Severance Activity	(Dollars in thousands) Global Workforce Reduction Restructuring Severance and Related Benefits Balance as of December 31, 2022 $ — Provisions 7,910 Payments (6,213) Foreign currency translation adjustment 60 Balance as of June 30, 2023 $ 1,757
Schedule of Other Operating (Income) Expense	The components of “Other operating (income) expense, net” line item in the condensed consolidated statements of operations, were as follows: Three Months Ended Six Months Ended (Dollars in thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 UTIS fire Inventory charges — (1) — 200 Professional services 256 492 519 926 Lease obligations — 46 — 278 Compensation & benefits — 573 — 1,369 Other — 2 — 13 Insurance recoveries (6,194) (2,852) (6,694) (5,042) Total UTIS fire (5,938) (1,740) (6,175) (2,256) (Gain) loss on sale or disposal of property, plant and equipment (504) (3) (486) (18) Total other operating (income) expense, net $ (6,442) $ (1,743) $ (6,661) $ (2,274)
Schedule of Components of Interest Expense, Net	The components of “Interest expense, net” line item in the condensed consolidated statements of operations, were as follows: Three Months Ended Six Months Ended (Dollars in thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Interest on revolving credit facility $ (2,987) $ (1,344) $ (6,367) $ (2,183) Line of credit fees (44) (153) (346) (291) Debt issuance amortization costs (122) (179) (404) (358) Interest income 340 179 845 287 Other (24) (51) (27) (72) Total interest expense, net $ (2,837) $ (1,548) $ (6,299) $ (2,617)

Fair Value Measurements (Variou

Fair Value Measurements (Various Instruments That Require Fair Value Measurement) (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Foreign currency contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	$ (6)	$ (82)
Foreign currency contracts | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	0	0
Foreign currency contracts | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	(6)	(82)
Foreign currency contracts | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	0	0
Copper derivative contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	461	500
Copper derivative contracts | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	0	0
Copper derivative contracts | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	461	500
Copper derivative contracts | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of derivatives	$ 0	$ 0

Hedging Transactions and Deri_3

Hedging Transactions and Derivative Financial Instruments (Notional Values of Derivative Instruments) (Details) - Contracts not designated as hedging instruments	Jun. 30, 2023 USD ($) tons_per_month	Jun. 30, 2023 KRW (₩) tons_per_month
July 2023 - September 2023
Derivative [Line Items]
Volume of Copper Derivatives (in metric tons per month)	69	69
October 2023 - December 2023
Derivative [Line Items]
Volume of Copper Derivatives (in metric tons per month)	69	69
January 2024 - March 2024
Derivative [Line Items]
Volume of Copper Derivatives (in metric tons per month)	69	69
April 2024 - June 2024
Derivative [Line Items]
Volume of Copper Derivatives (in metric tons per month)	69	69
USD/CNH | Foreign Currency Derivatives
Derivative [Line Items]
Notional Values of Foreign Currency Derivatives | $	$ 13,538,040
USD/EUR | Foreign Currency Derivatives
Derivative [Line Items]
Notional Values of Foreign Currency Derivatives | $	$ 3,000,000
KRW/USD | Foreign Currency Derivatives
Derivative [Line Items]
Notional Values of Foreign Currency Derivatives | ₩		₩ 3,906,600,000
JPY/EUR | Foreign Currency Derivatives
Derivative [Line Items]
Notional Values of Foreign Currency Derivatives | ₩		₩ 500,000,000

Hedging Transactions and Deri_4

Hedging Transactions and Derivative Financial Instruments (Additional Information) (Details)	Jun. 30, 2023 contract
Bank Term Loan
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of derivative contracts related to minimizing risk associated with potential rise in copper prices (in contracts)	12

Hedging Transactions and Deri_5

Hedging Transactions and Derivative Financial Instruments (Effect and Fair Value of Derivative Instruments) (Details) - Contracts not designated as hedging instruments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Foreign Currency Contracts
Derivative [Line Items]
Derivative, gain (loss) on derivative, net	$ 815	$ (236)	$ 835	$ (918)
Copper Derivative Contracts
Derivative [Line Items]
Derivative, gain (loss) on derivative, net	$ (455)	$ (1,129)	$ (420)	$ (798)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Components of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			$ 1,172,466
Other comprehensive income (loss) before reclassifications			14,046	$ (45,348)
Amounts reclassified from accumulated other comprehensive loss			187	158
Other comprehensive income (loss)	$ 4,483	$ (33,519)	14,233	(45,190)
Balance, end of period	1,205,617	1,106,571	1,205,617	1,106,571
AOCI, Pension and other postretirement benefit plans, tax	1,873	2,081	1,873	2,081	$ 1,926	$ 2,125
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period	(75,514)	(56,914)	(85,264)	(45,243)
Other comprehensive income (loss)	4,483	(33,519)	14,233	(45,190)
Balance, end of period	(71,031)	(90,433)	(71,031)	(90,433)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			(75,575)	(35,641)
Other comprehensive income (loss) before reclassifications			14,046	(45,348)
Amounts reclassified from accumulated other comprehensive loss			0	0
Other comprehensive income (loss)			14,046	(45,348)
Balance, end of period	(61,529)	(80,989)	(61,529)	(80,989)
Pension and Other Postretirement Benefits
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, beginning of period			(9,689)	(9,602)
Other comprehensive income (loss) before reclassifications			0	0
Amounts reclassified from accumulated other comprehensive loss			187	158
Other comprehensive income (loss)			187	158
Balance, end of period	$ (9,502)	$ (9,444)	$ (9,502)	$ (9,444)

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 81,216	$ 87,851
Work-in-process	49,207	45,100
Finished goods	39,252	49,451
Total inventories	$ 169,675	$ 182,402

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Changes in Carrying Amount of Goodwill by Segment) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 352,365
Foreign currency translation adjustment	6,276
Goodwill, ending balance	358,641
Advanced Electronics Solutions
Goodwill [Roll Forward]
Goodwill, beginning balance	115,352
Foreign currency translation adjustment	1,474
Goodwill, ending balance	116,826
Elastomeric Material Solutions
Goodwill [Roll Forward]
Goodwill, beginning balance	234,789
Foreign currency translation adjustment	4,802
Goodwill, ending balance	239,591
Other
Goodwill [Roll Forward]
Goodwill, beginning balance	2,224
Foreign currency translation adjustment	0
Goodwill, ending balance	$ 2,224

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 275,572	$ 281,971
Indefinite-lived other intangible asset	4,309	4,212
Total other intangible assets, gross carrying amount	279,881	286,183
Accumulated Amortization	149,330	152,459
Net Carrying Amount	126,242	129,512
Total other intangible assets, net carrying amount	130,551	133,724
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	177,598	178,605
Accumulated Amortization	85,967	85,569
Net Carrying Amount	91,631	93,036
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	77,063	82,349
Accumulated Amortization	55,573	59,052
Net Carrying Amount	21,490	23,297
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	19,380	19,098
Accumulated Amortization	6,810	6,639
Net Carrying Amount	12,570	12,459
Covenants not to compete
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,531	1,919
Accumulated Amortization	980	1,199
Net Carrying Amount	$ 551	$ 720

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 3.3	$ 4.2	$ 6.7	$ 8.5
Annual Future Amortization Expense
Anticipated future amortization expense for the remainder of 2023	6.7		6.7
Anticipated future amortization expense for 2024	12.4		12.4
Anticipated future amortization expense for 2025	10.8		10.8
Anticipated future amortization expense for 2026	10.4		10.4
Anticipated future amortization expense for 2027	$ 10		$ 10

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Weighted Average Amortization Period by Intangible Asset Class) (Details)	Jun. 30, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Total definite-lived other intangible assets	7 years 1 month 6 days
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Total definite-lived other intangible assets	7 years 7 months 6 days
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Total definite-lived other intangible assets	3 years 4 months 24 days
Trademarks and trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Total definite-lived other intangible assets	10 years
Covenants not to compete
Acquired Finite-Lived Intangible Assets [Line Items]
Total definite-lived other intangible assets	8 months 12 days

Earnings Per Share (Computation

Earnings Per Share (Computation of Basic and Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Net income	$ 17,864	$ 17,883	$ 14,359	$ 34,483
Denominator:
Weighted-average shares outstanding - basic (in shares)	18,627,000	18,813,000	18,615,000	18,797,000
Effect of dilutive shares (in shares)	56,000	179,000	44,000	199,000
Weighted-average shares outstanding - diluted (in shares)	18,683,000	18,992,000	18,659,000	18,996,000
Basic earnings per share (in dollars per share)	$ 0.96	$ 0.95	$ 0.77	$ 1.83
Diluted earnings per share (in dollars per share)	$ 0.96	$ 0.94	$ 0.77	$ 1.82
Anti-dilutive shares excluded (in shares)	17,000	0

Capital Stock and Equity Comp_3

Capital Stock and Equity Compensation (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Performance-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award program, measurement period (years)			3 years
Expected dividend yield (as a percent)			0%
Compensation expense	$ 1.3	$ 1.1	$ 1.2	$ 2.2
Performance-Based Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award program, awarded shares as a percentage of the original award amount (as a percent)			0%
Performance-Based Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award program, awarded shares as a percentage of the original award amount (as a percent)			200%
Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	2.5	2.5	$ 4.6	4.6
Conversion ratio			1
Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 1.2	$ 1.3	$ 1.2	$ 1.3
Conversion ratio			1
Vesting period			13 months

Capital Stock and Equity Comp_4

Capital Stock and Equity Compensation (Monte Carlo Calculation Assumptions) (Details) - Performance-Based Restricted Stock Units	Feb. 09, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility (as a percent)	53.20%
Expected term (in years)	2 years 10 months 24 days
Risk-free interest rate (as a percent)	4.08%

Capital Stock and Equity Comp_5

Capital Stock and Equity Compensation (Performance-Based Restricted Stock Awards) (Details) - Performance-Based Restricted Stock Units	6 Months Ended
	Jun. 30, 2023 shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awards outstanding beginning balance (in shares)	65,513
Awards granted (in shares)	48,671
Stock issued (in shares)	(8,775)
Awards cancelled (in shares)	(31,563)
Awards outstanding ending balance (in shares)	73,846

Capital Stock and Equity Comp_6

Capital Stock and Equity Compensation (Time-Based Restricted Stock Awards) (Details) - Time-Based Restricted Stock Units	6 Months Ended
	Jun. 30, 2023 shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awards outstanding beginning balance (in shares)	124,284
Awards granted (in shares)	64,119
Stock issued (in shares)	(42,494)
Awards cancelled (in shares)	(22,936)
Awards outstanding ending balance (in shares)	122,973

Capital Stock and Equity Comp_7

Capital Stock and Equity Compensation (Deferred Stock Units) (Details) - Deferred Stock Units - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awards outstanding beginning balance (in shares)			6,850
Awards granted (in shares)			8,100
Stock issued (in shares)			(6,850)
Awards outstanding ending balance (in shares)	8,100		8,100
Compensation expense	$ 1.2	$ 1.3	$ 1.2	$ 1.3

Debt (Details)

Debt (Details) - USD ($)			3 Months Ended	6 Months Ended
	Mar. 24, 2023	Oct. 16, 2020	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Debt Instrument [Line Items]
Proceeds from borrowings under revolving credit facility				$ 0	$ 70,000,000
Borrowings under revolving credit facility			$ 130,000,000	130,000,000		$ 215,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Borrowings under revolving credit facility			130,000,000	130,000,000		215,000,000
Outstanding line of credit issuance costs			2,300,000	2,300,000		$ 900,000
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 450,000,000
Additional borrowing capacity		$ 175,000,000
Variable rate lower range, basis spread		0.625%
Variable rate higher range, basis spread		1%
Leverage ratio	3.25	3.25
One-time leverage ratio maximum option	3.75	3.50
One-time leverage ratio maximum option, period of increased maximum leverage ratio	1 year	1 year
ICR covenant limit	3	3
Amount of unrestricted domestic cash and cash equivalents permitted to net against indebtedness in calculation of total net leverage ratio (up to)	$ 50,000,000	$ 50,000,000
Debt instrument, leverage ratio, maximum		2.75
Discretionary principal payments on revolving credit facility			60,000,000	85,000,000	$ 0
Borrowings under revolving credit facility			$ 70,000,000	70,000,000
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Minimum
Debt Instrument [Line Items]
Unused capacity, commitment fee (as a percent)	0.25%
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Maximum
Debt Instrument [Line Items]
Unused capacity, commitment fee (as a percent)	0.35%
Allowed restricted payments, including cash dividends		$ 20,000,000
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Eurocurrency loans
Debt Instrument [Line Items]
Line of credit, LIBOR rate, minimum basis spread (as a percent)		1.625%
Line of credit, LIBOR rate, maximum basis spread (as a percent)		2%
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | RFR Bank Loans
Debt Instrument [Line Items]
Line of credit, SONIA rate, minimum basis spread (percent)		0.01625
Line of credit, SONIA rate, maximum basis spread (percent)		0.02000
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.50%
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | London Interbank Offered Rate (LIBOR) 1
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1%
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement | Sterling Overnight Index Average (SONIA)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.0326%
Revolving Credit Facility | Fifth Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 450,000,000
Additional borrowing capacity		$ 225,000,000
Variable rate lower range, basis spread	0.625%
Variable rate higher range, basis spread	1%
Proceeds from borrowings under revolving credit facility				$ 0
Revolving Credit Facility | Fifth Amended and Restated Credit Agreement | Eurocurrency loans
Debt Instrument [Line Items]
Line of credit, LIBOR rate, minimum basis spread (as a percent)	16,250%
Line of credit, LIBOR rate, maximum basis spread (as a percent)	20,000%
Revolving Credit Facility | Fifth Amended and Restated Credit Agreement | London Interbank Offered Rate (LIBOR) 1
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)				1.625%
Revolving Credit Facility | Fifth Amended and Restated Credit Agreement | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)				1.10%
Revolving Credit Facility | Fifth Amended and Restated Credit Agreement | Fed Funds Effective Rate Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)				0.50%

Leases (Payment for Operating L

Leases (Payment for Operating Leases Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating leases expense	$ 856	$ 552	$ 1,847	$ 1,244
Short-term leases expense	220	130	358	252
Payments on operating lease obligations	$ 928	$ 699	$ 1,735	$ 1,568

Leases (Schedule of Assets and

Leases (Schedule of Assets and Liabilities Balance Related to Finance and Operating Leases) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Finance lease right-of-use assets	$ 1,638	$ 1,749
Operating lease right-of-use assets	11,216	13,013
Finance lease obligations, current portion	355	498
Finance lease obligations, non-current portion	1,253	1,295
Total finance lease obligations	1,608	1,793
Operating lease obligations, current portion	2,696	2,842
Operating lease obligations, non-current portion	8,604	10,689
Total operating lease obligations	$ 11,300	$ 13,531
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net of accumulated depreciation of $380,363 and $381,584	Property, plant and equipment, net of accumulated depreciation of $380,363 and $381,584
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other long-term assets	Other long-term assets
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other accrued liabilities	Other accrued liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other accrued liabilities	Other accrued liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities

Leases (Future Minimum Lease Pa

Leases (Future Minimum Lease Payments) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Finance Leases Signed
2023	$ 218
2024	427
2025	428
2026	420
2027	210
Thereafter	161
Total lease payments	1,864
Less: Interest	(187)
Present Value of Net Future Minimum Lease Payments	1,677
Finance Leases Less: Leases Not Yet Commenced
2023	(4)
2024	(15)
2025	(16)
2026	(16)
2027	(16)
Thereafter	(12)
Total lease payments	(79)
Less: Interest	10
Present Value of Net Future Minimum Lease Payments	(69)
Finance Leases in Effect
2023	214
2024	412
2025	412
2026	404
2027	194
Thereafter	149
Total lease payments	1,785
Less: Interest	(177)
Total finance lease obligations	1,608	$ 1,793
Operating Leases Signed
2023	1,846
2024	2,974
2025	2,322
2026	1,734
2027	1,226
Thereafter	3,970
Total lease payments	14,072
Less: Interest	(2,239)
Present Value of Net Future Minimum Lease Payments	11,833
Operating Leases Less: Leases Not Yet Commenced
2023	(69)
2024	(198)
2025	(174)
2026	(113)
2027	(14)
Thereafter	(4)
Total lease payments	(572)
Less: Interest	39
Present Value of Net Future Minimum Lease Payments	(533)
Operating Leases in Effect
2023	1,777
2024	2,776
2025	2,148
2026	1,621
2027	1,212
Thereafter	3,966
Total lease payments	13,500
Less: Interest	(2,200)
Total operating lease obligations	$ 11,300	$ 13,531

Leases (Lease Term and Discount

Leases (Lease Term and Discount Rate of Net Future Minimum Lease Payments) (Details)	Jun. 30, 2023
Leases [Abstract]
Finance leases, weighted average remaining lease term (in years)	4 years 4 months 24 days
Finance leases, weighted average discount rate (as a percent)	4.04%
Operating leases, weighted average remaining lease term (in years)	6 years 2 months 12 days
Operating leases, weighted average discount rate (as a percent)	5.35%

Pension Benefits and Other Po_3

Pension Benefits and Other Postretirement Benefits (Additional Information) (Details)	6 Months Ended
	Jun. 30, 2023 USD ($) plan	Jun. 30, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of qualified noncontributory defined benefit plans | plan	1
Pension Benefits | Merged Plan
Defined Benefit Plan Disclosure [Line Items]
Contributions	$ 0	$ 0
Pension Benefits | Union Plan
Defined Benefit Plan Disclosure [Line Items]
Additional contributions required to make for remainder of fiscal year	$ 0

Pension Benefits and Other Po_4

Pension Benefits and Other Postretirement Benefits (Components of Net Periodic Benefit (Credit) Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	268	191	536	382
Expected return of plan assets	(356)	(340)	(712)	(680)
Amortization of prior service credit	0	0	0	0
Amortization of net loss (gain)	122	111	244	222
Net periodic benefit (credit) cost	34	(38)	68	(76)
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	19	10	38	20
Interest cost	17	8	34	16
Expected return of plan assets	0	0	0	0
Amortization of prior service credit	0	0	0	0
Amortization of net loss (gain)	(2)	0	(4)	0
Net periodic benefit (credit) cost	$ 34	$ 18	$ 68	$ 36

Commitments and Contingencies_2

Commitments and Contingencies (Additional Information) (Details) - Connecticut Voluntary Corrective Action Program $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Loss Contingencies [Line Items]
Environmental remediation expense incurred	$ 2
Accrual for future remediation efforts	$ 0.7

Commitments and Contingencies_3

Commitments and Contingencies (Summary of Change in Number of Asbestos Claims Outstanding) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) claim
Liability for Asbestos and Environmental Claims [Roll Forward]
Claims outstanding, beginning	537
New claims filed	81
Pending claims concluded	(61)
Claims outstanding, ending	557
Number of claims dismissed	52
Number of claims settled	9
Settlements | $	$ 2.2

Commitments and Contingencies_4

Commitments and Contingencies (Schedule of Total Estimated Liability for Asbestos) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Asbestos-related liabilities	$ 64,852	$ 65,033
Asbestos-related insurance receivables	$ 59,807	$ 59,807

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Effective tax rate (as a percent)	28.90%	25.40%	33.20%	22.20%
Unrecognized tax benefits	$ 9		$ 9
Unrecognized tax benefits that would affect the effective tax rate if recognized	7.9		7.9
Unrecognized tax benefits that would result in adjustments to other tax accounts	1.1		1.1
Unrecognized tax benefits, accrual for payment of interest	$ 1.5		$ 1.5

Operating Segment Information_2

Operating Segment Information (Income by Reportable Segments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Net sales	$ 230,821	$ 251,970	$ 474,668	$ 500,236
Operating income	27,894	23,396	27,642	43,287
Total Americas
Segment Reporting Information [Line Items]
Net sales	67,313	80,681	143,550	159,848
United States
Segment Reporting Information [Line Items]
Net sales	66,218	77,055	130,767	152,494
Other Americas
Segment Reporting Information [Line Items]
Net sales	1,095	3,626	12,783	7,354
Total APAC
Segment Reporting Information [Line Items]
Net sales	91,862	105,258	185,226	201,459
China
Segment Reporting Information [Line Items]
Net sales	60,819	74,585	121,829	143,465
Other APAC
Segment Reporting Information [Line Items]
Net sales	31,043	30,673	63,397	57,994
Total EMEA
Segment Reporting Information [Line Items]
Net sales	71,646	66,031	145,892	138,929
Germany
Segment Reporting Information [Line Items]
Net sales	33,387	25,320	65,565	54,881
Other EMEA
Segment Reporting Information [Line Items]
Net sales	38,259	40,711	80,327	84,048
Advanced Electronics Solutions
Segment Reporting Information [Line Items]
Net sales	130,172	141,165	266,040	274,318
Operating income	5,836	8,775	327	10,079
Advanced Electronics Solutions | Total Americas
Segment Reporting Information [Line Items]
Net sales	21,969	32,729	45,819	62,909
Advanced Electronics Solutions | United States
Segment Reporting Information [Line Items]
Net sales	21,311	31,731	42,860	60,938
Advanced Electronics Solutions | Other Americas
Segment Reporting Information [Line Items]
Net sales	658	998	2,959	1,971
Advanced Electronics Solutions | Total APAC
Segment Reporting Information [Line Items]
Net sales	60,296	64,625	123,569	120,801
Advanced Electronics Solutions | China
Segment Reporting Information [Line Items]
Net sales	38,082	41,243	76,518	77,322
Advanced Electronics Solutions | Other APAC
Segment Reporting Information [Line Items]
Net sales	22,214	23,382	47,051	43,479
Advanced Electronics Solutions | Total EMEA
Segment Reporting Information [Line Items]
Net sales	47,907	43,811	96,652	90,608
Advanced Electronics Solutions | Germany
Segment Reporting Information [Line Items]
Net sales	25,171	17,373	49,172	37,926
Advanced Electronics Solutions | Other EMEA
Segment Reporting Information [Line Items]
Net sales	22,736	26,438	47,480	52,682
Elastomeric Material Solutions
Segment Reporting Information [Line Items]
Net sales	95,349	105,090	197,590	215,330
Operating income	20,225	12,601	23,442	29,598
Elastomeric Material Solutions | Total Americas
Segment Reporting Information [Line Items]
Net sales	44,223	46,608	95,348	94,584
Elastomeric Material Solutions | United States
Segment Reporting Information [Line Items]
Net sales	43,971	44,179	85,840	89,568
Elastomeric Material Solutions | Other Americas
Segment Reporting Information [Line Items]
Net sales	252	2,429	9,508	5,016
Elastomeric Material Solutions | Total APAC
Segment Reporting Information [Line Items]
Net sales	28,683	37,927	55,853	75,630
Elastomeric Material Solutions | China
Segment Reporting Information [Line Items]
Net sales	20,711	31,398	40,886	62,385
Elastomeric Material Solutions | Other APAC
Segment Reporting Information [Line Items]
Net sales	7,972	6,529	14,967	13,245
Elastomeric Material Solutions | Total EMEA
Segment Reporting Information [Line Items]
Net sales	22,443	20,555	46,389	45,116
Elastomeric Material Solutions | Germany
Segment Reporting Information [Line Items]
Net sales	8,120	7,736	16,154	16,474
Elastomeric Material Solutions | Other EMEA
Segment Reporting Information [Line Items]
Net sales	14,323	12,819	30,235	28,642
Other
Segment Reporting Information [Line Items]
Net sales	5,300	5,715	11,038	10,588
Operating income	1,833	2,020	3,873	3,610
Other | Total Americas
Segment Reporting Information [Line Items]
Net sales	1,121	1,344	2,383	2,355
Other | United States
Segment Reporting Information [Line Items]
Net sales	936	1,145	2,067	1,988
Other | Other Americas
Segment Reporting Information [Line Items]
Net sales	185	199	316	367
Other | Total APAC
Segment Reporting Information [Line Items]
Net sales	2,883	2,706	5,804	5,028
Other | China
Segment Reporting Information [Line Items]
Net sales	2,026	1,944	4,425	3,758
Other | Other APAC
Segment Reporting Information [Line Items]
Net sales	857	762	1,379	1,270
Other | Total EMEA
Segment Reporting Information [Line Items]
Net sales	1,296	1,665	2,851	3,205
Other | Germany
Segment Reporting Information [Line Items]
Net sales	96	211	239	481
Other | Other EMEA
Segment Reporting Information [Line Items]
Net sales	1,200	1,454	2,612	2,724
Recognized over time
Segment Reporting Information [Line Items]
Net sales	68,264	77,614	143,560	155,519
Recognized over time | Advanced Electronics Solutions
Segment Reporting Information [Line Items]
Net sales	57,131	70,636	119,550	141,122
Recognized over time | Elastomeric Material Solutions
Segment Reporting Information [Line Items]
Net sales	7,126	2,698	16,092	5,744
Recognized over time | Other
Segment Reporting Information [Line Items]
Net sales	4,007	4,280	7,918	8,653
Recognized at a point in time
Segment Reporting Information [Line Items]
Net sales	162,557	174,356	331,108	344,717
Recognized at a point in time | Advanced Electronics Solutions
Segment Reporting Information [Line Items]
Net sales	73,041	70,529	146,490	133,196
Recognized at a point in time | Elastomeric Material Solutions
Segment Reporting Information [Line Items]
Net sales	88,223	102,392	181,498	209,586
Recognized at a point in time | Other
Segment Reporting Information [Line Items]
Net sales	$ 1,293	$ 1,435	$ 3,120	$ 1,935

Operating Segment Information_3

Operating Segment Information (Contract Assets By Operating Segments) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total contract assets	$ 42,223	$ 38,853
Advanced Electronics Solutions
Segment Reporting Information [Line Items]
Total contract assets	37,025	33,736
Elastomeric Material Solutions
Segment Reporting Information [Line Items]
Total contract assets	1,551	1,584
Other
Segment Reporting Information [Line Items]
Total contract assets	$ 3,647	$ 3,533

Supplemental Financial Inform_3

Supplemental Financial Information (Restructuring and Impairment Charges) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 3,939	$ 465	$ 14,440	$ 534
Fixed asset impairment charges			0	212
Total restructuring and impairment charges	3,939	677	14,440	746
Impairment charges			0	212
Manufacturing footprint optimization
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	465	0	534
Global workforce reduction
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,062	0	8,090	0
Facility consolidations
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2,877	$ 0	$ 6,350	$ 0

Supplemental Financial Inform_4

Supplemental Financial Information (Allocation of Restructuring and Impairment Charges to Operating Segments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Restructuring Cost and Reserve [Line Items]
Total restructuring and impairment charges	$ 3,939	$ 677	$ 14,440	$ 746
Impairment charges			0	212
Employee Severance | Advanced Electronics Solutions
Restructuring Cost and Reserve [Line Items]
Total restructuring and impairment charges	3,131	479	8,577	548
Impairment charges	0	212	0	212
Employee Severance | Elastomeric Material Solutions
Restructuring Cost and Reserve [Line Items]
Total restructuring and impairment charges	808	(14)	5,863	(14)
Impairment charges	$ 0	$ 0	$ 0	$ 0

Supplemental Financial Inform_5

Supplemental Financial Information (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2023	Jul. 14, 2023	Feb. 16, 2023
Restructuring Cost and Reserve [Line Items]
Operating segment for a purchase price	$ 1,800		$ 1,800
Disposal group, including discontinued operation, consideration phase one	1,000		1,000
Disposal group, including discontinued operation, assets	3,700		3,700
Disposal group, including discontinued operation, liabilities	3,100		3,100
Disposal group, including discontinued operation, selling costs	1,200		1,200
Net book value of assets held-and-used	16,100		16,100
Insurance recoveries	6,194	$ 2,852	6,694	$ 5,042
Professional services	256	492	519	926
Compensation & benefits	0	$ 573	0	$ 1,369
Price Road Facility in Chandler, Arizona
Restructuring Cost and Reserve [Line Items]
Net book value of assets held-and-used	13,100		13,100
Suzhou, China Facilities
Restructuring Cost and Reserve [Line Items]
Net book value of assets held-and-used	3,000		3,000
Asset Purchase Agreement | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Net book value of assets held-and-used						$ 18,800
Forecast
Restructuring Cost and Reserve [Line Items]
Disposal group, including discontinued operation, consideration phase two					$ 800
Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring expenses expected to incur	7,500		7,500				$ 8,100
Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring expenses expected to incur	$ 8,500		$ 8,500				$ 8,500

Supplemental Financial Inform_6

Supplemental Financial Information (Schedule of Severance and Related Benefits Activity) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Restructuring Reserve [Roll Forward]
Provisions	$ 3,939	$ 465	$ 14,440	$ 534
Severance and Related Benefits
Restructuring Reserve [Roll Forward]
Beginning balance			0
Provisions			7,910
Payments for Restructuring			(6,213)
Foreign currency translation adjustment			60
Ending balance	$ 1,757		$ 1,757

Supplemental Financial Inform_7

Supplemental Financial Information (Severance Activity) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Restructuring Reserve [Roll Forward]
Restructuring Charges	$ 3,939	$ 465	$ 14,440	$ 534
Severance and Related Benefits
Restructuring Reserve [Roll Forward]
Beginning balance			0
Restructuring Charges			7,910
Payments for Restructuring			(6,213)
Foreign currency translation adjustment			60
Ending balance	$ 1,757		$ 1,757

Supplemental Financial Inform_8

Supplemental Financial Information (Other Operating (Income) Expense, Net) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
UTIS fire
Inventory charges	$ 0	$ (1)	$ 0	$ 200
Professional services	256	492	519	926
Lease obligations	0	46	0	278
Compensation & benefits	0	573	0	1,369
Other	0	2	0	13
Insurance recoveries	(6,194)	(2,852)	(6,694)	(5,042)
Total UTIS fire	(5,938)	(1,740)	(6,175)	(2,256)
(Gain) loss on sale or disposal of property, plant and equipment	(504)	(3)	(486)	(18)
Total other operating (income) expense, net	$ (6,442)	$ (1,743)	$ (6,661)	$ (2,274)

Supplemental Financial Inform_9

Supplemental Financial Information (Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Supplemental Income Statement Elements [Abstract]
Interest on revolving credit facility	$ (2,987)	$ (1,344)	$ (6,367)	$ (2,183)
Line of credit fees	(44)	(153)	(346)	(291)
Debt issuance amortization costs	(122)	(179)	(404)	(358)
Interest income	340	179	845	287
Other	(24)	(51)	(27)	(72)
Total interest expense, net	$ (2,837)	$ (1,548)	$ (6,299)	$ (2,617)