NN (NNBR) 10-Q 4 Aug 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Jul. 24, 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	000-23486
Entity Registrant Name	NN, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	62-1096725
Entity Address, Address Line One	6210 Ardrey Kell Road, Suite 600
Entity Address, City or Town	Charlotte
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28277
City Area Code	980
Local Phone Number	264-4300
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	NNBR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		47,018,608
Entity Central Index Key	0000918541
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 and Comprehensive Income (Loss) - 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	$ 125,206	$ 125,362	$ 252,294	$ 253,429
Cost of sales (exclusive of depreciation and amortization shown separately below)	107,684	103,889	216,105	208,467
Selling, general, and administrative expense	10,975	14,794	24,140	28,248
Depreciation and amortization	11,550	11,340	23,066	22,769
Other operating expense (income), net	(956)	(147)	105	1,879
Loss from operations	(4,047)	(4,514)	(11,122)	(7,934)
Interest expense	5,457	3,488	9,745	6,927
Other expense (income), net	5,641	(67)	3,433	(3,063)
Loss before provision for income taxes and share of net income from joint venture	(15,145)	(7,935)	(24,300)	(11,798)
Provision for income taxes	(325)	(1,051)	(1,626)	(2,582)
Share of net income from joint venture	1,093	419	1,374	2,511
Net loss	(14,377)	(8,567)	(24,552)	(11,869)
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	(2,374)	(8,490)	(534)	(5,890)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax	0	373	(230)	1,560
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax	(449)	31	(917)	65
Other Comprehensive Income (Loss), Net of Tax, Total	(2,823)	(8,086)	(1,681)	(4,265)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent, Total	$ (17,200)	$ (16,653)	$ (26,233)	$ (16,134)
Earnings Per Share, Basic [Abstract]
Net loss per common share (in dollars per shares)	$ (0.38)	$ (0.25)	$ (0.67)	$ (0.38)
Weighted average common shares outstanding, basic (in shares)	46,357	44,708	45,836	44,649
Earnings Per Share, Diluted [Abstract]
Net loss per common share (in dollars per share)	$ (0.38)	$ (0.25)	$ (0.67)	$ (0.38)
Weighted average common shares outstanding, diluted (in shares)	46,357	44,708	45,836	44,649

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets, Current [Abstract]
Cash and cash equivalents	$ 14,337	$ 12,808
Accounts receivable, net of allowances of $1,495 and $1,469 at June 30, 2023 and December 31, 2022	79,302	74,129
Inventories	77,386	80,682
Income tax receivable	12,496	12,164
Prepaid Expense and Other Assets	4,653	2,794
Other current assets	9,243	9,123
Total current assets	197,417	191,700
Property, plant and equipment, net of accumulated depreciation of $239,032 and $225,046 at June 30, 2023 and December 31, 2022	192,241	197,637
Operating lease right-of-use assets	44,924	46,713
Intangible assets, net	65,765	72,891
Investment in joint venture	31,570	31,802
Deferred tax assets	102	102
Other non-current assets	6,395	5,282
Total assets	538,414	546,127
Liabilities, Current [Abstract]
Accounts payable	51,416	45,871
Accrued salaries, wages and benefits	13,317	11,671
Income tax payable	485	926
Short-term debt and current maturities of long-term debt	6,810	3,321
Current portion of operating lease liabilities	5,361	5,294
Other current liabilities	13,630	11,723
Total current liabilities	91,019	78,806
Deferred tax liabilities	5,728	5,596
Long-term debt, net of current portion	148,636	149,389
Operating lease liabilities, net of current portion	49,149	51,411
Other non-current liabilities	18,490	9,960
Total liabilities	313,022	295,162
Commitments and contingencies (Note 9)
Common stock - $0.01 par value per share, 90,000 shares authorized, 47,019 and 43,856 shares issued and outstanding at June 30, 2023 and December 31, 2022	470	439
Additional paid-in capital	462,525	468,143
Accumulated deficit	(269,750)	(245,198)
Accumulated other comprehensive loss	(38,801)	(37,120)
Total stockholders’ equity	154,444	186,264
Total liabilities, preferred stock, and stockholders’ equity	538,414	546,127
Series D Preferred Stock
Liabilities, Current [Abstract]
Series D perpetual preferred stock - $0.01 par value per share, 65 shares authorized, issued and outstanding at June 30, 2023 and December 31, 2022	$ 70,948	$ 64,701

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss, Current	$ 1,495	$ 1,469
Property, Plant, and Equipment, Accumulated Depreciation	$ 239,032	$ 225,046
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	90,000	90,000
Common stock, shares issued (in shares)	47,019	43,856
Common stock, shares outstanding (in shares)	47,019	43,856
Series D Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	65	65
Preferred stock, shares issued (in shares)	65	65
Preferred stock, shares outstanding (in shares)	65	65

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]
Beginning balance (in shares) at Dec. 31, 2021		43,027
Beginning balance at Dec. 31, 2021	$ 224,185	$ 430	$ 474,757	$ (219,100)	$ (31,902)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net loss	(11,869)
Dividends accrued for preferred stock	(5,196)		(5,196)
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	0
Share-based compensation expense (in shares)		888
Share-based compensation expense	3,555	$ 9	3,555
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation		(31)
Restricted shares forgiven for taxes and forfeited	(88)	$ 0	88
Other comprehensive income (loss), net of tax	(4,265)
Other comprehensive loss	(4,265)
Ending balance (in shares) at Jun. 30, 2022		43,884
Ending balance at Jun. 30, 2022	206,322	$ 439	473,019	(230,969)	(36,167)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net Income (Loss) Attributable to Noncontrolling Interest	(11,869)
Adjustments to Additional Paid in Capital, Adjustments to Performance Shares Vesting Estimates			(9)
Beginning balance (in shares) at Mar. 31, 2022		43,890
Beginning balance at Mar. 31, 2022	223,028	$ 439	473,072	(222,402)	(28,081)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net loss	(8,567)
Dividends, Preferred Stock			2,658
Dividends accrued for preferred stock	(2,658)
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$ 0	$ 0	0
Share-based compensation expense (in shares)	(5)
Share-based compensation expense	$ 2,606		2,606
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation		(1)
Restricted shares forgiven for taxes and forfeited	(1)	$ 0	(1)
Other comprehensive income (loss), net of tax	(8,086)
Other comprehensive loss	(8,086)
Ending balance (in shares) at Jun. 30, 2022		43,884
Ending balance at Jun. 30, 2022	206,322	$ 439	473,019	(230,969)	(36,167)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net Income (Loss) Attributable to Noncontrolling Interest	(8,567)
Beginning balance (in shares) at Dec. 31, 2022		43,856
Beginning balance at Dec. 31, 2022	186,264	$ 439	468,143	(245,198)	(37,120)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net loss	(24,552)
Dividends accrued for preferred stock	(6,247)		(6,247)
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	(21)
Share-based compensation expense (in shares)		3,306
Share-based compensation expense	851	$ 33	851
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation		(143)
Restricted shares forgiven for taxes and forfeited	(170)	$ (2)	168
Other comprehensive income (loss), net of tax	(1,681)
Other comprehensive loss	(1,681)
Ending balance (in shares) at Jun. 30, 2023		47,019
Ending balance at Jun. 30, 2023	154,444	$ 470	462,525	(269,750)	(38,801)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net Income (Loss) Attributable to Noncontrolling Interest	(24,552)
Adjustments to Additional Paid in Capital, Adjustments to Performance Shares Vesting Estimates			(54)
Beginning balance (in shares) at Mar. 31, 2023		43,772
Beginning balance at Mar. 31, 2023	174,464	$ 438	465,377	(255,373)	(35,978)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net loss	(14,377)
Dividends, Preferred Stock			3,196
Dividends accrued for preferred stock	(3,196)
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$ (21)	33	(54)
Share-based compensation expense (in shares)	3,306
Share-based compensation expense	$ 470		470
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	(59)
Restricted shares forgiven for taxes and forfeited	$ (73)	$ (1)	(72)
Other comprehensive income (loss), net of tax	(2,823)
Other comprehensive loss	(2,823)
Ending balance (in shares) at Jun. 30, 2023		47,019
Ending balance at Jun. 30, 2023	154,444	$ 470	$ 462,525	$ (269,750)	$ (38,801)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net Income (Loss) Attributable to Noncontrolling Interest	$ (14,377)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net Income (Loss) Attributable to Noncontrolling Interest	$ (24,552)	$ (11,869)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	23,066	22,769
Amortization of debt issuance costs and discount	880	662
Paid-in-Kind Interest	744	0
Total derivative loss (gain), net of cash settlements	5,691	(3,237)
Share of net income from joint venture, net of cash dividends received	(1,374)	1,515
Share-based compensation expense	851	3,555
Deferred income taxes	110	94
Other	(721)	(2,763)
Changes in operating assets and liabilities:
Accounts receivable	(5,078)	(13,264)
Inventories	3,920	(10,586)
Accounts payable	6,927	11,960
Income taxes receivable and payable, net	(730)	(475)
Other	(1,091)	(905)
Net cash provided by (used in) operating activities	8,643	(2,544)
Cash flows from investing activities
Acquisition of property, plant and equipment	(12,196)	(9,703)
Proceeds from sale of property, plant, and equipment	2,777	422
Net cash used in investing activities	(9,419)	(9,281)
Cash flows from financing activities
Proceeds from long-term debt	35,000	20,000
Repayments of long-term debt	(34,725)	(19,482)
Cash paid for debt issuance costs	(55)	0
Proceeds from short-term debt, net	3,648	0
Other	(1,610)	(1,528)
Net cash provided by (used in) financing activities	2,258	(1,010)
Effect of exchange rate changes on cash flows	47	(635)
Net change in cash and cash equivalents	1,529	(13,470)
Cash and cash equivalents at beginning of period	12,808	28,656
Cash cash equivalents at end of period	$ 14,337	$ 15,186

Interim Financial Statements

Interim Financial Statements	6 Months Ended
	Jun. 30, 2023
Quarterly Financial Information Disclosure [Abstract]
Interim Financial Statements	Interim Financial Statements Nature of Business NN, Inc. is a global diversified industrial company that combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies primarily for the automotive, general industrial, electrical, aerospace, defense, and medical markets. As used in this Quarterly Report on Form 10-Q (this “Quarterly Report”), the terms “NN,” the “Company,” “we,” “our,” or “us” refer to NN, Inc., and its subsidiaries. As of June 30, 2023, we had 27 facilities in North America, Europe, South America, and Asia. Basis of Presentation The accompanying condensed consolidated financial statements have not been audited. The Condensed Consolidated Balance Sheet as of December 31, 2022, was derived from the audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2022 (the “2022 Annual Report”), which we filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 10, 2023. In management’s opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary to fairly state our results of operations for the three and six months ended June 30, 2023 and 2022; financial position as of June 30, 2023 and December 31, 2022; and cash flows for the six months ended June 30, 2023 and 2022, on a basis consistent with our audited consolidated financial statements. These adjustments are of a normal recurring nature and are, in the opinion of management, necessary to state fairly the Company’s financial position and operating results for the interim periods. Certain prior period amounts have been reclassified to conform to the current year’s presentation. Certain information and footnote disclosures normally included in the consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted from the unaudited condensed consolidated financial statements presented in this Quarterly Report. These unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and accompanying notes included in the 2022 Annual Report. The results for the three and six months ended June 30, 2023, are not necessarily indicative of results for the year ending December 31, 2023, or any other future periods. Except for per share data or as otherwise indicated, all U.S. dollar amounts and share counts presented in the tables in these Notes to Condensed Consolidated Financial Statements are in thousands. Accounts Receivable Sales Programs We participate in programs established by our customers which allows us to sell certain receivables from that customer on a non-recourse basis to a third-party financial institution. During the six months ended June 30, 2023, we incurred fees of $0.5 million, related to the sale of receivables which is recorded in the Other expense (income), net line item on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Facility Closures

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information Our business is aggregated into the following two reportable segments: • Mobile Solutions, which is focused on growth in the automotive, general industrial, and medical end markets; and • Power Solutions, which is focused on growth in the electrical, general industrial, automotive, and medical end markets. These divisions are considered our two operating segments as each engages in business activities for which it earns revenues and incurs expenses, discrete financial information is available for each, and this is the level at which the chief operating decision maker reviews discrete financial information for purposes of allocating resources and assessing performance. The following table presents our financial performance by reportable segment. Three Months Ended Six Months Ended 2023 2022 2023 2022 Net sales: Mobile Solutions $ 77,153 $ 73,350 $ 155,171 $ 149,420 Power Solutions 48,062 52,049 97,134 104,060 Intersegment sales eliminations (9) (37) (11) (51) Total $ 125,206 $ 125,362 $ 252,294 $ 253,429 Income (loss) from operations: Mobile Solutions $ (1,461) $ 1,729 $ (4,780) $ 3,698 Power Solutions 2,583 1,430 4,330 1,794 Corporate (5,169) (7,673) (10,672) (13,426) Total $ (4,047) $ (4,514) $ (11,122) $ (7,934)

Inventories

Inventories	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are comprised of the following amounts: June 30, 2023 December 31, 2022 Raw materials $ 29,904 $ 32,146 Work in process 24,909 24,610 Finished goods 22,573 23,926 Total inventories $ 77,386 $ 80,682

Intangible Assets, Net

Intangible Assets, Net	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Intangible Assets The following table shows changes in the carrying amount of intangible assets, net, by reportable segment. Mobile Power Total Balance as of December 31, 2022 $ 22,356 $ 50,535 $ 72,891 Amortization (1,677) (5,449) (7,126) Balance as of June 30, 2023 $ 20,679 $ 45,086 $ 65,765

Investment in Joint Venture

Investment in Joint Venture	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investment in Joint Venture	Investment in Joint Venture We own a 49% investment in Wuxi Weifu Autocam Precision Machinery Company, Ltd. (the “JV”), a joint venture located in Wuxi, China. The JV is jointly controlled and managed, and we account for it under the equity method. The following table shows changes in our investment in the JV. Balance as of December 31, 2022 $ 31,802 Share of earnings 1,374 Foreign currency translation loss (1,606) Balance as of June 30, 2023 $ 31,570

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesOur effective tax rate was (2.1)% and (6.7)% for the three and six months ended June 30, 2023, respectively, and (13.2)% and (21.9)% for the three and six months ended June 30, 2022, respectively. The effective tax rates for the three and six months ended June 30, 2023 differ from the U.S. federal statutory tax rate of 21% primarily due to the accrual of tax on non-permanently reinvested unremitted earnings of foreign subsidiaries and by limitation on the amount of tax benefit recorded for loss carryforwards in certain jurisdictions where we believe it is more likely than not that a portion of the future tax benefit may not be realized. In addition, the effective tax rate was unfavorably impacted by the U.S. tax on the earnings of foreign subsidiaries under the global intangible low-taxed income regime.

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	Debt On March 22, 2021, we entered into a new $150.0 million term loan facility (as amended from time to time, the “Term Loan Facility”) and a new $50.0 million asset backed credit facility (as amended from time to time, the “ABL Facility”). On March 3, 2023, we amended the Term Loan Facility (the “Term Loan Amendment”) and ABL Facility to adjust certain covenants under the agreements, as well as to replace references to LIBOR with secured overnight finance rate (“SOFR”) for interest rate calculations. The following table presents the outstanding debt balances. June 30, 2023 December 31, 2022 Term Loan Facility $ 147,369 $ 147,375 ABL Facility 3,000 1,000 International loans 11,407 8,729 Total principal 161,776 157,104 Less: short-term debt and current maturities of long-term debt 6,810 3,321 Principal of long-term debt, net of current portion 154,966 153,783 Less: unamortized debt issuance costs and discount (1) 6,330 4,394 Long-term debt, net of current portion $ 148,636 $ 149,389 _______________________________ (1) In addition to this amount, costs of $0.6 million and $0.6 million related to the ABL Facility were recorded in other non-current assets as of June 30, 2023 and December 31, 2022, respectively. Term Loan Facility Effective March 31, 2023, outstanding borrowings under the Term Loan Facility bear interest at either 1) one-month, three-month, or six-month SOFR with a duration adjustment (“Adjusted SOFR”), subject to a 1.000% floor, plus an applicable margin of 6.875%, or 2) the greater of various benchmark rates plus an applicable margin of 5.875%. Beginning in the second quarter of 2023, interest was increased on a paid-in-kind basis at a rate between 1.00% and 2.00% (“PIK interest”), dependent on the Company’s leverage ratio. The PIK interest is payable on the loan maturity date of September 22, 2026. At June 30, 2023, the Term Loan Facility bore interest, including PIK interest, based on one-month Adjusted SOFR, at 14.077%. The Term Loan Facility requires quarterly principal payments of $0.4 million with the remaining unpaid principal amount due at the loan maturity date. We may be required to make additional principal payments annually that are calculated as a percentage of our excess cash flow, as defined by the lender, based on our net leverage ratio. The Term Loan Facility is collateralized by all of our assets. The Term Loan Facility has a first lien on all domestic assets other than accounts receivable and inventory and has a second lien on domestic accounts receivable and inventory. We were in compliance with all requirements under the Term Loan Facility as of June 30, 2023. The Term Loan Facility was issued at a $3.8 million discount and we have capitalized an additional $5.3 million in debt issuance costs. These costs are recorded as a direct reduction to the carrying amount of the associated long-term debt and amortized over the term of the debt. We had an interest rate swap that changed the one-month LIBOR to a fixed rate of 1.291% on $60.0 million of the outstanding balance of the Term Loan Facility. During the first quarter of 2023, we terminated the interest rate swap and received cash proceeds of $2.5 million which was equal to its fair value. ABL Facility The ABL Facility provides for a senior secured revolving credit facility in the amount of $50.0 million, of which $30.0 million is available in the form of letters of credit and $5.0 million is available for the issuance of short-term swingline loans. The availability of credit under the ABL Facility is limited by a borrowing base calculation derived from accounts receivable and inventory held in the United States. Outstanding borrowings under the ABL Facility bear interest on a variable rate structure plus an interest rate spread that is based on the average amount of aggregate revolving commitment available. Effective March 3, 2023, the variable borrowing rate is either 1) Adjusted SOFR plus an applicable margin of 1.75% or 2.00%, depending on availability, or 2) the greater of the federal funds rate or prime, plus an applicable margin of 0.75% or 1.00%, depending on availability. We may elect whether to use one-month, three-month, or six-month Adjusted SOFR. At June 30, 2023, using one-month Adjusted SOFR plus a 2.00% margin, the weighted average interest rate on outstanding borrowings under the ABL Facility was 7.246%. We pay a commitment fee of 0.375% for unused capacity under the ABL Facility and a 2.125% fee on the amount of letters of credit outstanding. The final maturity date of the ABL Facility is March 22, 2026.

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	Leases The following table contains supplemental cash flow information related to leases. Six Months Ended 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used in finance leases $ 167 $ 172 Operating cash flows used in operating leases 7,310 7,543 Financing cash flows used in finance leases 1,418 1,440 Right-of-use assets obtained in exchange for new finance lease liabilities 1,619 395 Right-of-use assets obtained in exchange for new operating lease liabilities (1) 477 2,178 _______________________________ (1) Includes new leases, renewals, and modifications.
Leases	Leases The following table contains supplemental cash flow information related to leases. Six Months Ended 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used in finance leases $ 167 $ 172 Operating cash flows used in operating leases 7,310 7,543 Financing cash flows used in finance leases 1,418 1,440 Right-of-use assets obtained in exchange for new finance lease liabilities 1,619 395 Right-of-use assets obtained in exchange for new operating lease liabilities (1) 477 2,178 _______________________________ (1) Includes new leases, renewals, and modifications.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Brazil ICMS Tax Matter Prior to the acquisition of Autocam Corporation (“Autocam”) in 2014, Autocam’s Brazilian subsidiary (“Autocam Brazil”) received notification from the Brazilian tax authority regarding ICMS (state value added tax) tax credits claimed on intermediary materials (e.g., tooling and perishable items) used in the manufacturing process. The Brazilian tax authority notification disallowed state ICMS tax credits claimed on intermediary materials based on the argument that these items are not intrinsically related to the manufacturing processes. Autocam Brazil filed an administrative defense with the Brazilian tax authority arguing, among other matters, that it should qualify for an ICMS tax credit, contending that the intermediary materials are directly related to the manufacturing process. We believe that we have substantial legal and factual defenses, and we plan to defend our interests in this matter vigorously. The matter encompasses several lawsuits filed with the Brazilian courts requesting declaratory actions that no tax is due or seeking a stay of execution on the collection of the tax. In 2018, we obtained a favorable decision in one of the declaratory actions for which the period for appeal has expired. We have filed actions in each court requesting dismissal of the matter based on the earlier court action. In May 2020, we received an unfavorable decision in one of the lawsuits, and as a result have recorded a liability to the Brazilian tax authorities and a receivable from the former shareholders of Autocam for the same amount. Although we anticipate a favorable resolution to the remaining matters, we can provide no assurances that we will be successful in achieving dismissal of all pending cases. The U.S. dollar amount that would be owed in the event of an unfavorable decision is subject to interest, penalties, and currency impacts and therefore is dependent on the timing of the decision. For the remaining open lawsuits, we currently believe the cumulative potential liability in the event of unfavorable decisions on all matters will be less than $5.0 million, inclusive of interest and penalties. We are entitled to indemnification from the former shareholders of Autocam, subject to the limitations and procedures set forth in the agreement and plan of merger relating to the Autocam acquisition. Management believes the indemnification would include amounts owed for the tax, interest, and penalties related to this matter. Accordingly, we do not expect to incur a loss related to this matter even in the event of an unfavorable decision and, therefore, have not accrued an amount for the remaining matters as of June 30, 2023. Other Legal Matters All other legal proceedings are of an ordinary and routine nature and are incidental to our operations. Management believes that such proceedings should not, individually or in the aggregate, have a material adverse effect on our business, financial condition, results of operations, or cash flows. In making that determination, we analyze the facts and circumstances of each case at least quarterly in consultation with our attorneys and determine a range of reasonably possible outcomes.

Preferred Stock and Stockholder

Preferred Stock and Stockholders' Equity	6 Months Ended
	Jun. 30, 2023
Temporary Equity Disclosure [Abstract]
Preferred Stock and Stockholders' Equity	Preferred Stock and Stockholders' Equity Series D Perpetual Preferred Stock On March 22, 2021, we completed a private placement of 65,000 shares of newly designated Series D Perpetual Preferred Stock, with a par value of $0.01 per share (the “Series D Preferred Stock”), at a price of $1,000 per share, together with detachable warrants (the “2021 Warrants”) to purchase up to 1.9 million shares of our common stock at an exercise price of $0.01 per share. The Series D Preferred Stock has an initial liquidation preference of $1,000 per share and is redeemable at our option in cash at a redemption price equal to the liquidation preference then in effect. Series D Preferred Stock shares earn cash dividends at a rate of 10.0% per year, payable quarterly in arrears, accruing whether or not earned or declared. If no cash dividend is paid, then the liquidation preference per share effective on the dividend date increases by 12.0% per year. Beginning March 22, 2026, the cash dividend rate and in-kind dividend rate increase by 2.5% per year. Cash dividends are required beginning on September 30, 2027. The Series D Preferred Stock is classified as mezzanine equity, between liabilities and stockholders’ equity, because certain features of the Series D Preferred Stock could require redemption of the Series D Preferred Stock upon a change of control event that is considered not solely within our control. For initial recognition, the Series D Preferred Stock was recognized at a discounted value, net of issuance costs and allocation to warrants and a bifurcated embedded derivative. The aggregate discount is amortized as a deemed dividend through March 22, 2026, which is the date the dividend rate begins to increase by 2.5% per year. Deemed dividends adjust retained earnings (or in the absence of retained earnings, additional paid-in capital). In accordance with ASC 815-15, Derivatives and Hedging - Embedded Derivatives, certain features of the Series D Preferred Stock were bifurcated and accounted for as derivatives separately. Note 15 discusses the accounting for these features. As of June 30, 2023, the carrying value of the Series D Preferred Stock shares was $70.9 million, which included $24.3 million of accumulated unpaid and deemed dividends. The following table presents the change in the Series D Preferred Stock carrying value during the six months ended June 30, 2023. Balance as of December 31, 2022 $ 64,701 Accrual of in-kind dividends 4,893 Amortization 1,354 Balance as of June 30, 2023 $ 70,948

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers Revenue is recognized when control of the good or service is transferred to the customer either at a point in time or, in limited circumstances, as our services are rendered over time. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or services. The following tables summarize revenue by customer geographical region. Three Months Ended June 30, 2023 Mobile Power Intersegment Total United States and Puerto Rico $ 38,596 $ 38,916 $ (9) $ 77,503 China 11,488 2,060 — 13,548 Brazil 11,825 154 — 11,979 Mexico 3,606 3,200 — 6,806 Germany 1,746 157 — 1,903 Poland 1,772 4 — 1,776 Other 8,120 3,571 — 11,691 Total net sales $ 77,153 $ 48,062 $ (9) $ 125,206 Three Months Ended June 30, 2022 Mobile Power Intersegment Total United States and Puerto Rico $ 35,954 $ 40,377 $ (37) $ 76,294 China 8,764 1,233 — 9,997 Brazil 11,293 312 — 11,605 Mexico 8,087 4,358 — 12,445 Germany 1,121 73 — 1,194 Poland 1,158 1 — 1,159 Other 6,973 5,695 — 12,668 Total net sales $ 73,350 $ 52,049 $ (37) $ 125,362 Six Months Ended June 30, 2023 Mobile Power Intersegment Total United States and Puerto Rico $ 75,802 $ 79,138 $ (11) $ 154,929 China 25,300 2,809 — 28,109 Brazil 23,436 264 — 23,700 Mexico 7,885 6,688 — 14,573 Germany 3,478 231 — 3,709 Poland 3,628 9 — 3,637 Other 15,642 7,995 — 23,637 Total net sales $ 155,171 $ 97,134 $ (11) $ 252,294 Six Months Ended June 30, 2022 Mobile Power Intersegment Total United States and Puerto Rico $ 73,764 $ 80,863 $ (51) $ 154,576 China 21,316 2,477 — 23,793 Brazil 22,013 657 — 22,670 Mexico 13,151 9,099 — 22,250 Germany 2,404 135 — 2,539 Poland 2,498 5 — 2,503 Other 14,274 10,824 — 25,098 Total net sales $ 149,420 $ 104,060 $ (51) $ 253,429 The following tables summarize revenue by customer industry. Our products in the automotive industry include high-precision components and assemblies for electric power steering systems, electric braking, electric motors, fuel systems, emissions control, transmissions, moldings, stampings, sensors, and electrical contacts. Our products in the general industrial industry include high-precision metal and plastic components for a variety of industrial applications including diesel industrial motors, heating and cooling systems, fluid power systems, power tools, and more. While many of the industries we serve include electrical components, our products in the residential/commercial electrical industry category in the following tables include components used in smart meters, charging stations, circuit breakers, transformers, electrical contact assemblies, precision stampings, welded contact assemblies, specification plating, and surface finishing. Three Months Ended June 30, 2023 Mobile Power Intersegment Total Automotive $ 52,961 $ 9,115 $ — $ 62,076 General Industrial 19,228 13,510 — 32,738 Residential/Commercial Electrical — 17,608 — 17,608 Other 4,964 7,829 (9) 12,784 Total net sales $ 77,153 $ 48,062 $ (9) $ 125,206 Three Months Ended June 30, 2022 Mobile Power Intersegment Total Automotive $ 48,850 $ 9,728 $ — $ 58,578 General Industrial 20,532 16,640 — 37,172 Residential/Commercial Electrical — 18,757 — 18,757 Other 3,968 6,924 (37) 10,855 Total net sales $ 73,350 $ 52,049 $ (37) $ 125,362 Six Months Ended June 30, 2023 Mobile Power Intersegment Total Automotive $ 108,765 $ 17,918 $ — $ 126,683 General Industrial 39,441 28,115 — 67,556 Residential/Commercial Electrical — 32,193 — 32,193 Other 6,965 18,908 (11) 25,862 Total net sales $ 155,171 $ 97,134 $ (11) $ 252,294 Six Months Ended June 30, 2022 Mobile Power Intersegment Total Automotive $ 99,446 $ 19,806 $ — $ 119,252 General Industrial 42,337 32,975 — 75,312 Residential/Commercial Electrical — 35,956 — 35,956 Other 7,637 15,323 (51) 22,909 Total net sales $ 149,420 $ 104,060 $ (51) $ 253,429 Deferred Revenue Deferred revenue relates to payments received in advance of performance under the contract and recognized as revenue as (or when) we perform under the contract. The balance of deferred revenue was $1.1 million and $0.7 million as of June 30, 2023 and December 31, 2022, respectively. Revenue recognized for performance obligations satisfied or partially satisfied during the six months ended June 30, 2023 included $0.7 million that was included in deferred revenue as of December 31, 2022. Transaction Price Allocated to Future Performance Obligations We are required to disclose the aggregate amount of transaction price that is allocated to performance obligations that have not yet been satisfied as of June 30, 2023, unless our contracts meet one of the practical expedients. Our contracts met the practical expedient for a performance obligation that is part of a contract that has an original expected duration of one year or less.

Shared-Based Compensation

Shared-Based Compensation	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Shared-Based Compensation	Share-Based Compensation The following table lists the components of share-based compensation expense by type of award, which is recognized in the “Selling, general, and administrative expense” line in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Three Months Ended Six Months Ended 2023 2022 2023 2022 Restricted stock $ 612 2,158 779 2,762 Performance share units (142) 417 58 706 Stock options — $ 31 $ 14 $ 87 Share-based compensation expense $ 470 $ 2,606 $ 851 $ 3,555 Restricted Stock The following table presents the status of unvested restricted stock awards as of June 30, 2023 and changes during the six months then ended. Nonvested Weighted Average Grant-Date Unvested at January 1, 2023 1,038 $ 4.03 Granted 3,381 1.17 Vested (849) 4.15 Forfeited (123) 1.56 Unvested at June 30, 2023 3,447 $ 1.28 During the six months ended June 30, 2023, we granted 1,881,000 shares of restricted stock to non-executive directors, officers and certain other employees under the NN, Inc. 2022 Omnibus Incentive Plan (“2022 Omnibus Plan”). The shares of restricted stock vest pro-rata generally over three years for employees and over one year for non-executive directors. During the six months ended June 30, 2023, we granted 1,500,000 shares of restricted stock to our new CEO as an inducement award, which vests pro-rata over five years. Total grant date fair value of restricted stock that vested in the six months ended June 30, 2023, was $3.5 million. Performance Share Units Performance Share Units (“PSUs”) are a form of long-term incentive compensation awarded to executive officers and certain other key employees designed to directly align the interests of employees to the interests of our stockholders, and to create long-term stockholder value. The following table presents the status of unvested PSUs as of June 30, 2023 and activity during the six months then ended. Nonvested PSU Awards Weighted Average Grant-Date Nonvested at January 1, 2023 1,031 $ 3.80 Granted 3,061 0.97 Vested (67) 4.63 Forfeited (634) 2.47 Nonvested at June 30, 2023 3,391 $ 1.48 During the six months ended June 30, 2023, we granted 561,000 PSUs to certain executive officers. These units vest, if at all, upon our achieving a specified relative total shareholder return, which will be measured against the total shareholder return of a specified index during the three-year performance period that ends December 31, 2025. During the six months ended June 30, 2023, we granted 2,500,000 PSUs to our new CEO as an inducement award. These units cliff-vest after five years and are contingent on the Company’s stock price meeting specified thresholds. We estimated the grant date fair value of the PSU awards using the Monte Carlo simulation model, as the total shareholder return metric and changes in stock price are considered market conditions under ASC Topic 718, Compensation – stock compensation . During the six months ended June 30, 2023, 67,000 PSUs were subject to accelerated vesting upon a participant’s termination that was a qualifying event under the terms of the PSU award agreements. Total grant date fair value of PSUs that vested in the six months ended June 30, 2023, was $0.3 million.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The following tables present the components of accumulated other comprehensive income (loss) (“AOCI”). Foreign Currency Translation Interest rate swap Income taxes (1) Total Balance as of March 31, 2023 $ (38,332) $ 2,354 $ — $ (35,978) Other comprehensive income (loss) before reclassifications (2,374) — — (2,374) Amounts reclassified from AOCI to interest expense (2) — (449) — (449) Net other comprehensive income (loss) (2,374) (449) — (2,823) Balance as of June 30, 2023 $ (40,706) $ 1,905 $ — $ (38,801) Balance as of March 31, 2022 $ (29,416) $ 1,698 $ (363) $ (28,081) Other comprehensive income (loss) before reclassifications (8,490) 471 (98) (8,117) Amounts reclassified from AOCI to interest expense (2) — 38 (7) 31 Net other comprehensive income (loss) (8,490) 509 (105) (8,086) Balance as of June 30, 2022 $ (37,906) $ 2,207 $ (468) $ (36,167) Foreign Currency Translation Interest rate swap Income taxes (1) Total Balance as of December 31, 2022 $ (40,172) $ 3,149 $ (97) $ (37,120) Other comprehensive income (loss) before reclassifications (534) (327) 97 (764) Amounts reclassified from AOCI to interest expense (2) — (917) — (917) Net other comprehensive income (loss) (534) (1,244) 97 (1,681) Balance as of June 30, 2023 $ (40,706) $ 1,905 $ — $ (38,801) Balance as of December 31, 2021 $ (32,016) $ 151 $ (37) (31,902) Other comprehensive income (loss) before reclassifications (5,890) 1,974 (414) (4,330) Amounts reclassified from AOCI to interest expense (2) — 82 (17) 65 Net other comprehensive income (loss) (5,890) 2,056 (431) (4,265) Balance as of June 30, 2022 $ (37,906) $ 2,207 $ (468) $ (36,167) ______________________ (1) Income tax effect of changes in interest rate swap. (2) Represents (gain) loss recognized in interest expense on effective interest rate swap.

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Net Income (Loss) Per Common Share	Net Loss Per Common Share The following table summarizes the computation of basic and diluted net loss per common share. Three Months Ended Six Months Ended 2023 2022 2023 2022 Numerator: Net loss $ (14,377) $ (8,567) $ (24,552) $ (11,869) Adjustment for preferred stock cumulative dividends and deemed dividends (3,196) (2,658) (6,247) (5,196) Numerator for basic and diluted net loss per common share $ (17,573) $ (11,225) $ (30,799) $ (17,065) Denominator: Weighted average common shares outstanding 46,309 43,885 45,085 43,599 Adjustment for participating securities (2,826) (1,070) (1,790) (844) Adjustment for warrants outstanding (1) 2,874 1,893 2,541 1,894 Shares used to calculate basic and diluted net loss per share 46,357 44,708 45,836 44,649 Basic and diluted net loss per common share $ (0.38) $ (0.25) $ (0.67) $ (0.38) Cash dividends declared per common share $ — $ — $ — $ — _______________________________ (1) Outstanding warrants that are exercisable at an exercise price of $0.01 per share, are included in shares outstanding for calculation of basic earnings per share (see Note 15). The following table presents securities that could be potentially dilutive in the future that were excluded from the calculation of diluted net loss per common share because they had an anti-dilutive effect. Three Months Ended Six Months Ended 2023 2022 2023 2022 Stock Options 392 546 454 573 2019 Warrants 1,500 1,500 1,500 1,500 1,892 2,046 1,954 2,073 Stock options excluded from the calculations of diluted net loss per share had a per share exercise price ranging from $7.93 to $25.16 for the three and six months ended June 30, 2023. The 2019 Warrants excluded from the calculation of diluted net loss per share had a per share exercise price of $11.03.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is an exit price representing the expected amount that an entity would receive to sell an asset or pay to transfer a liability in an orderly transaction with market participants at the measurement date. We followed consistent methods and assumptions to estimate fair values as more fully described in the 2022 Annual Report. Embedded Derivatives In accordance with ASC 815-15, Derivatives and Hedging - Embedded Derivatives , certain features of our preferred stock and long term debt were bifurcated and accounted for as derivatives separately. In conjunction with the Term Loan Amendment, we issued warrants to purchase up to 2.0 million shares of our common stock at an exercise price of $0.01 per share (the “2023 Warrants”). The 2023 Warrants are exercisable, in full or in part, at any time up to ten years after issuance. The 2023 Warrants include anti-dilution adjustments in the event of certain future equity issuances, stock splits, stock dividends, combinations or similar events. In conjunction with our placement of the Series D Preferred Stock, we issued the 2021 Warrants to purchase up to 1.9 million shares of our common stock. The 2021 Warrants are exercisable, in full or in part, at any time prior to March 22, 2027, at an exercise price of $0.01 per share, subject to anti-dilution adjustments in the event of certain future equity issuances, stock splits, stock dividends, combinations or similar events. The Series D Preferred Stock includes a put feature that allows the holder to redeem the Series D Preferred Stock upon a change in control at the greater of 1) the liquidation preference plus accrued dividends or 2) 140% of the liquidation preference. The put feature is considered a redemption right at a premium and is not clearly and closely related to the debt host. In conjunction with our placement of the Series B Preferred Stock, we issued detachable warrants to purchase up to 1.5 million shares of our common stock at an exercise price of $12.00 per share (the “2019 Warrants”). The 2019 Warrants, are exercisable, in full or in part, at any time prior to December 11, 2026 and are subject to anti-dilution adjustments in the event of future below market issuances, stock splits, stock dividends, combinations or similar events. Due to the dilutive impact of subsequent issuances of warrants, the exercise price of the 2019 Warrants has been adjusted to $11.03 per share. The following table presents the change in the liability balance of the embedded derivatives during the six months ended June 30, 2023. Balance as of December 31, 2022 $ 2,959 Issuances 2,712 Change in fair value (1) 3,745 Balance as of June 30, 2023 $ 9,416 _______________________________ (1) Changes in the fair value are recognized in the “Other expense (income), net” line in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). The following tables show the fair values of the embedded derivatives within the fair value hierarchy. June 30, 2023 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Derivative liability - other non-current liabilities $ 9,198 $ — $ 218 December 31, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Derivative liability - other non-current liabilities $ 2,831 $ — $ 128 The fair value of the 2023 Warrants and 2021 Warrants is determined using the observable market price of a share of our common stock, less the $0.01 per share exercise price. The fair value of the change-in-control put feature utilizes unobservable inputs based on the Company’s assessment of the probability of a change-in-control event occurring in a future period. The probability of a change-in-control event ranged from 3% to 5% as of June 30, 2023 and from 3% to 10% as of December 31, 2022. The fair value of the 2019 Warrants is determined using a valuation model that utilizes unobservable inputs to determine the probability that the 2019 Warrants will remain outstanding for future periods. The probabilities resulted in a weighted average term of 2.9 years as of June 30, 2023 and December 31, 2022. Interest Rate Swap On July 22, 2021, we entered into a fixed-rate interest rate swap agreement to change the LIBOR-based component of the interest rate on a portion of our variable rate debt to a fixed rate of 1.291% (the “2021 Swap”). The 2021 Swap had a notional amount of $60.0 million and a maturity date of July 31, 2024. We designated the 2021 Swap as a cash flow hedge at inception with cash settlements recognized in interest expense. During the first quarter of 2023, we terminated the 2021 Swap and received cash proceeds of $2.5 million which was the fair value of the 2021 Swap. Since the 2021 Swap was an effective cash flow hedge and the forecasted interest payments remaining probable of occurring, the gain will be recognized as a reduction to interest expense through the original maturity date of July 31, 2024. The following table presents the effects of the interest rate swap on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Three Months Ended Six Months Ended 2023 2022 2023 2022 Interest expense (benefit) (1) $ (449) $ 38 $ (917) $ 82 _______________________________ (1) Represents (gain) loss recognized in interest expense on effective interest rate swap. The following table shows the fair value of the interest rate swap within the fair value hierarchy. December 31, 2022 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Derivative asset - other current assets $ — $ 2,130 $ — Derivative asset - other non-current assets — 1,023 — Total $ — $ 3,153 $ — The fair value of the interest rate swap is calculated through standard pricing models which use inputs derived from or corroborated by observable market data such as interest rate yield curves, index forward curves, discount curves, and volatility surfaces. The counterparty to these derivative contracts is a highly rated financial institution which we believe carries only a minimal risk of nonperformance. Fair Value Disclosures

Interim Financial Statements (P

Interim Financial Statements (Policies)	6 Months Ended
	Jun. 30, 2023
Quarterly Financial Information Disclosure [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements have not been audited. The Condensed Consolidated Balance Sheet as of December 31, 2022, was derived from the audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2022 (the “2022 Annual Report”), which we filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 10, 2023. In management’s opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary to fairly state our results of operations for the three and six months ended June 30, 2023 and 2022; financial position as of June 30, 2023 and December 31, 2022; and cash flows for the six months ended June 30, 2023 and 2022, on a basis consistent with our audited consolidated financial statements. These adjustments are of a normal recurring nature and are, in the opinion of management, necessary to state fairly the Company’s financial position and operating results for the interim periods. Certain prior period amounts have been reclassified to conform to the current year’s presentation. Certain information and footnote disclosures normally included in the consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted from the unaudited condensed consolidated financial statements presented in this Quarterly Report. These unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and accompanying notes included in the 2022 Annual Report. The results for the three and six months ended June 30, 2023, are not necessarily indicative of results for the year ending December 31, 2023, or any other future periods.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Information	The following table presents our financial performance by reportable segment. Three Months Ended Six Months Ended 2023 2022 2023 2022 Net sales: Mobile Solutions $ 77,153 $ 73,350 $ 155,171 $ 149,420 Power Solutions 48,062 52,049 97,134 104,060 Intersegment sales eliminations (9) (37) (11) (51) Total $ 125,206 $ 125,362 $ 252,294 $ 253,429 Income (loss) from operations: Mobile Solutions $ (1,461) $ 1,729 $ (4,780) $ 3,698 Power Solutions 2,583 1,430 4,330 1,794 Corporate (5,169) (7,673) (10,672) (13,426) Total $ (4,047) $ (4,514) $ (11,122) $ (7,934)

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Summary of Inventories	Inventories are comprised of the following amounts: June 30, 2023 December 31, 2022 Raw materials $ 29,904 $ 32,146 Work in process 24,909 24,610 Finished goods 22,573 23,926 Total inventories $ 77,386 $ 80,682

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Carrying Amount of Intangible Assets Net	The following table shows changes in the carrying amount of intangible assets, net, by reportable segment. Mobile Power Total Balance as of December 31, 2022 $ 22,356 $ 50,535 $ 72,891 Amortization (1,677) (5,449) (7,126) Balance as of June 30, 2023 $ 20,679 $ 45,086 $ 65,765

Investment in Joint Venture (Ta

Investment in Joint Venture (Tables)	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Summarized Activity Related to Investment in Joint Venture	The following table shows changes in our investment in the JV. Balance as of December 31, 2022 $ 31,802 Share of earnings 1,374 Foreign currency translation loss (1,606) Balance as of June 30, 2023 $ 31,570

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Summary of Debt	The following table presents the outstanding debt balances. June 30, 2023 December 31, 2022 Term Loan Facility $ 147,369 $ 147,375 ABL Facility 3,000 1,000 International loans 11,407 8,729 Total principal 161,776 157,104 Less: short-term debt and current maturities of long-term debt 6,810 3,321 Principal of long-term debt, net of current portion 154,966 153,783 Less: unamortized debt issuance costs and discount (1) 6,330 4,394 Long-term debt, net of current portion $ 148,636 $ 149,389 _______________________________ (1) In addition to this amount, costs of $0.6 million and $0.6 million related to the ABL Facility were recorded in other non-current assets as of June 30, 2023 and December 31, 2022, respectively.

Preferred Stock and Stockhold_2

Preferred Stock and Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Temporary Equity Disclosure [Abstract]
Temporary Equity	The following table presents the change in the Series D Preferred Stock carrying value during the six months ended June 30, 2023. Balance as of December 31, 2022 $ 64,701 Accrual of in-kind dividends 4,893 Amortization 1,354 Balance as of June 30, 2023 $ 70,948

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Three Months Ended June 30, 2023 Mobile Power Intersegment Total United States and Puerto Rico $ 38,596 $ 38,916 $ (9) $ 77,503 China 11,488 2,060 — 13,548 Brazil 11,825 154 — 11,979 Mexico 3,606 3,200 — 6,806 Germany 1,746 157 — 1,903 Poland 1,772 4 — 1,776 Other 8,120 3,571 — 11,691 Total net sales $ 77,153 $ 48,062 $ (9) $ 125,206 Three Months Ended June 30, 2022 Mobile Power Intersegment Total United States and Puerto Rico $ 35,954 $ 40,377 $ (37) $ 76,294 China 8,764 1,233 — 9,997 Brazil 11,293 312 — 11,605 Mexico 8,087 4,358 — 12,445 Germany 1,121 73 — 1,194 Poland 1,158 1 — 1,159 Other 6,973 5,695 — 12,668 Total net sales $ 73,350 $ 52,049 $ (37) $ 125,362 Six Months Ended June 30, 2023 Mobile Power Intersegment Total United States and Puerto Rico $ 75,802 $ 79,138 $ (11) $ 154,929 China 25,300 2,809 — 28,109 Brazil 23,436 264 — 23,700 Mexico 7,885 6,688 — 14,573 Germany 3,478 231 — 3,709 Poland 3,628 9 — 3,637 Other 15,642 7,995 — 23,637 Total net sales $ 155,171 $ 97,134 $ (11) $ 252,294 Six Months Ended June 30, 2022 Mobile Power Intersegment Total United States and Puerto Rico $ 73,764 $ 80,863 $ (51) $ 154,576 China 21,316 2,477 — 23,793 Brazil 22,013 657 — 22,670 Mexico 13,151 9,099 — 22,250 Germany 2,404 135 — 2,539 Poland 2,498 5 — 2,503 Other 14,274 10,824 — 25,098 Total net sales $ 149,420 $ 104,060 $ (51) $ 253,429 The following tables summarize revenue by customer industry. Our products in the automotive industry include high-precision components and assemblies for electric power steering systems, electric braking, electric motors, fuel systems, emissions control, transmissions, moldings, stampings, sensors, and electrical contacts. Our products in the general industrial industry include high-precision metal and plastic components for a variety of industrial applications including diesel industrial motors, heating and cooling systems, fluid power systems, power tools, and more. While many of the industries we serve include electrical components, our products in the residential/commercial electrical industry category in the following tables include components used in smart meters, charging stations, circuit breakers, transformers, electrical contact assemblies, precision stampings, welded contact assemblies, specification plating, and surface finishing. Three Months Ended June 30, 2023 Mobile Power Intersegment Total Automotive $ 52,961 $ 9,115 $ — $ 62,076 General Industrial 19,228 13,510 — 32,738 Residential/Commercial Electrical — 17,608 — 17,608 Other 4,964 7,829 (9) 12,784 Total net sales $ 77,153 $ 48,062 $ (9) $ 125,206 Three Months Ended June 30, 2022 Mobile Power Intersegment Total Automotive $ 48,850 $ 9,728 $ — $ 58,578 General Industrial 20,532 16,640 — 37,172 Residential/Commercial Electrical — 18,757 — 18,757 Other 3,968 6,924 (37) 10,855 Total net sales $ 73,350 $ 52,049 $ (37) $ 125,362 Six Months Ended June 30, 2023 Mobile Power Intersegment Total Automotive $ 108,765 $ 17,918 $ — $ 126,683 General Industrial 39,441 28,115 — 67,556 Residential/Commercial Electrical — 32,193 — 32,193 Other 6,965 18,908 (11) 25,862 Total net sales $ 155,171 $ 97,134 $ (11) $ 252,294 Six Months Ended June 30, 2022 Mobile Power Intersegment Total Automotive $ 99,446 $ 19,806 $ — $ 119,252 General Industrial 42,337 32,975 — 75,312 Residential/Commercial Electrical — 35,956 — 35,956 Other 7,637 15,323 (51) 22,909 Total net sales $ 149,420 $ 104,060 $ (51) $ 253,429

Shared-Based Compensation (Tabl

Shared-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Components of Share-Based Compensation Expense by Type of Award	The following table lists the components of share-based compensation expense by type of award, which is recognized in the “Selling, general, and administrative expense” line in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Three Months Ended Six Months Ended 2023 2022 2023 2022 Restricted stock $ 612 2,158 779 2,762 Performance share units (142) 417 58 706 Stock options — $ 31 $ 14 $ 87 Share-based compensation expense $ 470 $ 2,606 $ 851 $ 3,555
Schedule of Nonvested Share Activity	The following table presents the status of unvested restricted stock awards as of June 30, 2023 and changes during the six months then ended. Nonvested Weighted Average Grant-Date Unvested at January 1, 2023 1,038 $ 4.03 Granted 3,381 1.17 Vested (849) 4.15 Forfeited (123) 1.56 Unvested at June 30, 2023 3,447 $ 1.28
Summary of Status of Unvested PSU Awards	The following table presents the status of unvested PSUs as of June 30, 2023 and activity during the six months then ended. Nonvested PSU Awards Weighted Average Grant-Date Nonvested at January 1, 2023 1,031 $ 3.80 Granted 3,061 0.97 Vested (67) 4.63 Forfeited (634) 2.47 Nonvested at June 30, 2023 3,391 $ 1.48

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income	The following tables present the components of accumulated other comprehensive income (loss) (“AOCI”). Foreign Currency Translation Interest rate swap Income taxes (1) Total Balance as of March 31, 2023 $ (38,332) $ 2,354 $ — $ (35,978) Other comprehensive income (loss) before reclassifications (2,374) — — (2,374) Amounts reclassified from AOCI to interest expense (2) — (449) — (449) Net other comprehensive income (loss) (2,374) (449) — (2,823) Balance as of June 30, 2023 $ (40,706) $ 1,905 $ — $ (38,801) Balance as of March 31, 2022 $ (29,416) $ 1,698 $ (363) $ (28,081) Other comprehensive income (loss) before reclassifications (8,490) 471 (98) (8,117) Amounts reclassified from AOCI to interest expense (2) — 38 (7) 31 Net other comprehensive income (loss) (8,490) 509 (105) (8,086) Balance as of June 30, 2022 $ (37,906) $ 2,207 $ (468) $ (36,167) Foreign Currency Translation Interest rate swap Income taxes (1) Total Balance as of December 31, 2022 $ (40,172) $ 3,149 $ (97) $ (37,120) Other comprehensive income (loss) before reclassifications (534) (327) 97 (764) Amounts reclassified from AOCI to interest expense (2) — (917) — (917) Net other comprehensive income (loss) (534) (1,244) 97 (1,681) Balance as of June 30, 2023 $ (40,706) $ 1,905 $ — $ (38,801) Balance as of December 31, 2021 $ (32,016) $ 151 $ (37) (31,902) Other comprehensive income (loss) before reclassifications (5,890) 1,974 (414) (4,330) Amounts reclassified from AOCI to interest expense (2) — 82 (17) 65 Net other comprehensive income (loss) (5,890) 2,056 (431) (4,265) Balance as of June 30, 2022 $ (37,906) $ 2,207 $ (468) $ (36,167) ______________________ (1) Income tax effect of changes in interest rate swap. (2) Represents (gain) loss recognized in interest expense on effective interest rate swap.

Net Income (Loss) Per Common _2

Net Income (Loss) Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method	The following table summarizes the computation of basic and diluted net loss per common share. Three Months Ended Six Months Ended 2023 2022 2023 2022 Numerator: Net loss $ (14,377) $ (8,567) $ (24,552) $ (11,869) Adjustment for preferred stock cumulative dividends and deemed dividends (3,196) (2,658) (6,247) (5,196) Numerator for basic and diluted net loss per common share $ (17,573) $ (11,225) $ (30,799) $ (17,065) Denominator: Weighted average common shares outstanding 46,309 43,885 45,085 43,599 Adjustment for participating securities (2,826) (1,070) (1,790) (844) Adjustment for warrants outstanding (1) 2,874 1,893 2,541 1,894 Shares used to calculate basic and diluted net loss per share 46,357 44,708 45,836 44,649 Basic and diluted net loss per common share $ (0.38) $ (0.25) $ (0.67) $ (0.38) Cash dividends declared per common share $ — $ — $ — $ — _______________________________ (1) Outstanding warrants that are exercisable at an exercise price of $0.01 per share, are included in shares outstanding for calculation of basic earnings per share (see Note 15).
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table presents securities that could be potentially dilutive in the future that were excluded from the calculation of diluted net loss per common share because they had an anti-dilutive effect. Three Months Ended Six Months Ended 2023 2022 2023 2022 Stock Options 392 546 454 573 2019 Warrants 1,500 1,500 1,500 1,500 1,892 2,046 1,954 2,073

Interim Financial Statements (D

Interim Financial Statements (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Quarterly Financial Information Disclosure [Abstract]
Loss on Sale of Financial Assets		$ (500)
Gain (Loss) on Disposition of Property Plant Equipment	$ 300	$ (200)

Segment Information - Additiona

Segment Information - Additional Information (Details)	6 Months Ended
	Jun. 30, 2023 segment
Revenue, Major Customer [Line Items]
Number of reportable segments	2
Number of operating segments	2

Operating Segment Results (Deta

Operating Segment Results (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	$ 125,206	$ 125,362	$ 252,294	$ 253,429
Operating Income (Loss)	(4,047)	(4,514)	(11,122)	(7,934)
Mobile Solutions [Member]
Segment Reporting Information [Line Items]
Net sales	77,153	73,350	155,171	149,420
Operating Income (Loss)	(1,461)	1,729	(4,780)	3,698
Power Solutions [Member]
Segment Reporting Information [Line Items]
Net sales	48,062	52,049	97,134	104,060
Operating Income (Loss)	2,583	1,430	4,330	1,794
Corporate
Segment Reporting Information [Line Items]
Operating Income (Loss)	(5,169)	(7,673)	(10,672)	(13,426)
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ (9)	$ (37)	$ (11)	$ (51)

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 29,904	$ 32,146
Work in process	24,909	24,610
Finished goods	22,573	23,926
Total inventories	$ 77,386	$ 80,682

Intangible Assets, Net - Summar

Intangible Assets, Net - Summary of Carrying Amount of Intangible Assets by Segment (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Finite-lived Intangible Assets [Roll Forward]
Beginning Balance	$ 72,891
Amortization	(7,126)
Ending balance	65,765
Mobile Solutions [Member]
Finite-lived Intangible Assets [Roll Forward]
Beginning Balance	22,356
Amortization	(1,677)
Ending balance	20,679
Power Solutions [Member]
Finite-lived Intangible Assets [Roll Forward]
Beginning Balance	50,535
Amortization	(5,449)
Ending balance	$ 45,086

Investment in Joint Venture - A

Investment in Joint Venture - Additional Information (Detail)	Jun. 30, 2023
Wuxi Weifu Autocam Precision Machinery Company, Ltd.
Schedule of Equity Method Investments [Line Items]
Investment in joint venture	49%

Investment in Joint Venture - S

Investment in Joint Venture - Summarized Activity Related to Investment in Joint Venture (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Equity Method Investments [Roll Forward]
Beginning Balance			$ 31,802
Share of earnings	$ 1,093	$ 419	1,374	$ 2,511
Ending Balance	31,570		31,570
Joint Venture
Equity Method Investments [Roll Forward]
Beginning Balance			31,802
Share of earnings			1,374
Foreign currency translation loss			(1,606)
Ending Balance	$ 31,570		$ 31,570

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	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 from continuing operations	(2.10%)	(13.20%)	(6.70%)	(21.90%)
Effective income tax rate reconciliation, at federal statutory income tax rate, percent			21%

Debt - Summary of Debt (Detail)

Debt - Summary of Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total principal	$ 161,776	$ 157,104
Short-term debt and current maturities of long-term debt	6,810	3,321
Principal of long-term debt, net of current portion	154,966	153,783
Less: unamortized debt issuance costs and discount (1)	6,330	4,394
Long-term debt, net of current portion	148,636	149,389
Debt issuance costs, line of credit arrangements, net	600	600
Term Loan Facility Member
Debt Instrument [Line Items]
Total principal	147,369	147,375
Asset Backed Credit Facility Member [Member]
Debt Instrument [Line Items]
Total principal	3,000	1,000
International Loans
Debt Instrument [Line Items]
Total principal	$ 11,407	$ 8,729

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Mar. 22, 2021
Debt Instrument [Line Items]
Proceeds From Derivative Instrument Operating Activities	$ 2,500
Interest Rate Swap | July 22 2021
Debt Instrument [Line Items]
Derivative, fixed interest rate		1.291%
Derivative, notional amount		$ 60,000
Term Loan Facility Member
Debt Instrument [Line Items]
Borrowings			$ 150,000
Principal payment amount	400
Debt issuance costs	$ 5,300
Debt Instrument, Unamortized Discount			$ 3,800
Long-Term Debt, Weighted Average Interest Rate, at Point in Time	14.077%
Term Loan Facility Member | Minimum
Debt Instrument [Line Items]
Interest Paid In Kind Rate	1%
Term Loan Facility Member | Maximum
Debt Instrument [Line Items]
Interest Paid In Kind Rate	2%
Term Loan Facility Member | Various Benchmark Rates Member
Debt Instrument [Line Items]
Applicable margin	5.875%
Term Loan Facility Member | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Applicable margin	6.875%
Term Loan Facility Member | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum
Debt Instrument [Line Items]
Applicable margin	1%
Asset Backed Credit Facility Member [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000
Applicable margin	2%
Unused capacity, commitment fee percentage	0.375%
Available capacity	$ 29,700
Letters of Credit Outstanding, Amount	$ 10,900
Long-Term Debt, Weighted Average Interest Rate, at Point in Time	7.246%
Asset Backed Credit Facility Member [Member] | Federal Funds Or Prime Rate Member | Minimum
Debt Instrument [Line Items]
Applicable margin	0.75%
Asset Backed Credit Facility Member [Member] | Federal Funds Or Prime Rate Member | Maximum
Debt Instrument [Line Items]
Applicable margin	1%
Asset Backed Credit Facility Member [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum
Debt Instrument [Line Items]
Applicable margin	1.75%
Asset Backed Credit Facility Member [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum
Debt Instrument [Line Items]
Applicable margin	2%
Letters of credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 30,000
Unused capacity, commitment fee percentage	2.125%
Swingline loans
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 5,000

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used in finance leases	$ 167	$ 172
Operating cash flows used in operating leases	7,310	7,543
Financing cash flows used in finance leases	1,418	1,440
Right-of-use assets obtained in exchange for new finance lease liabilities	1,619	395
Right-of-use assets obtained in exchange for new operating lease liabilities (1)	$ 477	$ 2,178

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Jun. 30, 2023 USD ($)
Maximum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	$ 5

Preferred Stock and Stockhold_3

Preferred Stock and Stockholders' Equity - Additional Information (Details) - Series D Preferred Stock - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		6 Months Ended
	Mar. 22, 2021	Jun. 30, 2023
Temporary Equity [Line Items]
Sale of stock, number of shares issued in transaction (in shares)	65
Temporary equity, par value (in dollars per share)		$ 0.01
Sale of stock, price per share (in dollars per share)		$ 1,000
Class of warrant or right, number of securities called by warrants or rights (in shares)		1,900
Class of warrant or right, exercise price of warrants or rights (in dollars per share)		$ 0.01
Temporary equity, liquidation preference per share (in dollars per share)		$ 1,000
Temporary equity, dividend rate, percentage		10%
Increase in dividend rate if no cash dividends paid		12%
Annual increase in dividend rate		2.50%
Temporary Equity Dividends Unpaid Deemed		$ 24,300

Preferred Stock and Stockhold_4

Preferred Stock and Stockholders' Equity - Carrying Value Roll Forward (Details) - Series D Preferred Stock $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Increase (Decrease) in Temporary Equity [Roll Forward]
Balance as of December 31, 2022	$ 64,701
Accrual of in-kind dividends	4,893
Amortization	1,354
Balance as of June 30, 2023	$ 70,948

Revenue Disaggragation (Details

Revenue Disaggragation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 125,206	$ 125,362	$ 252,294	$ 253,429
Intersegment Eliminations [Member]
Disaggregation of Revenue [Line Items]
Net sales	(9)	(37)	(11)	(51)
Automotive [Member]
Disaggregation of Revenue [Line Items]
Net sales	62,076	58,578	126,683	119,252
General Industrial [Member]
Disaggregation of Revenue [Line Items]
Net sales	32,738	37,172	67,556	75,312
Electrical [Member]
Disaggregation of Revenue [Line Items]
Net sales	17,608	18,757	32,193	35,956
Other End Market Member
Disaggregation of Revenue [Line Items]
Net sales	12,784	10,855	25,862	22,909
Other End Market Member | Intersegment Eliminations [Member]
Disaggregation of Revenue [Line Items]
Net sales	(9)	(37)	(11)	(51)
Mobile Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	77,153	73,350	155,171	149,420
Mobile Solutions [Member] | Automotive [Member]
Disaggregation of Revenue [Line Items]
Net sales	52,961	48,850	108,765	99,446
Mobile Solutions [Member] | General Industrial [Member]
Disaggregation of Revenue [Line Items]
Net sales	19,228	20,532	39,441	42,337
Mobile Solutions [Member] | Electrical [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Mobile Solutions [Member] | Other End Market Member
Disaggregation of Revenue [Line Items]
Net sales	4,964	3,968	6,965	7,637
Power Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	48,062	52,049	97,134	104,060
Power Solutions [Member] | Automotive [Member]
Disaggregation of Revenue [Line Items]
Net sales	9,115	9,728	17,918	19,806
Power Solutions [Member] | General Industrial [Member]
Disaggregation of Revenue [Line Items]
Net sales	13,510	16,640	28,115	32,975
Power Solutions [Member] | Electrical [Member]
Disaggregation of Revenue [Line Items]
Net sales	17,608	18,757	32,193	35,956
Power Solutions [Member] | Other End Market Member
Disaggregation of Revenue [Line Items]
Net sales	7,829	6,924	18,908	15,323
UNITED STATES
Disaggregation of Revenue [Line Items]
Net sales	77,503	76,294	154,929	154,576
UNITED STATES | Intersegment Eliminations [Member]
Disaggregation of Revenue [Line Items]
Net sales	(9)	(37)
UNITED STATES | Mobile Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	38,596	35,954	75,802	73,764
UNITED STATES | Power Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	38,916	40,377	79,138	80,863
CHINA
Disaggregation of Revenue [Line Items]
Net sales	13,548	9,997	28,109	23,793
CHINA | Mobile Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	11,488	8,764	25,300	21,316
CHINA | Power Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	2,060	1,233	2,809	2,477
BRAZIL
Disaggregation of Revenue [Line Items]
Net sales	11,979	11,605	23,700	22,670
BRAZIL | Mobile Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	11,825	11,293	23,436	22,013
BRAZIL | Power Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	154	312	264	657
MEXICO
Disaggregation of Revenue [Line Items]
Net sales	6,806	12,445	14,573	22,250
MEXICO | Mobile Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	3,606	8,087	7,885	13,151
MEXICO | Power Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	3,200	4,358	6,688	9,099
GERMANY
Disaggregation of Revenue [Line Items]
Net sales	1,903	1,194	3,709	2,539
GERMANY | Mobile Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,746	1,121	3,478	2,404
GERMANY | Power Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	157	73	231	135
POLAND
Disaggregation of Revenue [Line Items]
Net sales	1,776	1,159	3,637	2,503
POLAND | Mobile Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,772	1,158	3,628	2,498
POLAND | Power Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	4	1	9	5
Other Country [Member]
Disaggregation of Revenue [Line Items]
Net sales	11,691	12,668	23,637	25,098
Other Country [Member] | Mobile Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	8,120	6,973	15,642	14,274
Other Country [Member] | Power Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 3,571	$ 5,695	$ 7,995	$ 10,824

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Summary of Contract Liabilities from Contracts with Customers (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Contract with Customer, Liability [Abstract]
Deferred revenue	$ 1,100	$ 700
Amounts included in deferred revenue for performance obligations satisfied or partially satisfied	$ 700

Shared-Based Compensation - Com

Shared-Based Compensation - Components of Share-Based Compensation Expense by Type of Award (Detail) - USD ($) $ in Thousands	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 [Line Items]
Share-based compensation expense	$ 470	$ 2,606	$ 851	$ 3,555
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	612	2,158	779	2,762
Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	(142)	417	58	706
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 0	$ 31	$ 14	$ 87

Shared-Based Compensation - Res

Shared-Based Compensation - Restricted Stock Award Rollforward (Detail) - Restricted stock shares in Thousands	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Nonvested Shares (in thousands)
Nonvested restricted shares, beginning balance (in shares) | shares	1,038
Nonvested restricted shares, granted (in shares) | shares	3,381
Nonvested restricted shares, vested (in shares) | shares	(849)
Nonvested restricted shares, forfeited (in shares) | shares	(123)
Nonvested restricted shares, ending balance (in shares) | shares	3,447
Weighted Average Grant Date Fair Value [Abstract]
Beginning balance (in dollars per share) | $ / shares	$ 4.03
Granted (in dollars per share) | $ / shares	1.17
Vested (in dollars per share) | $ / shares	4.15
Forfeited (in dollars per share) | $ / shares	1.56
Ending balance (in dollars per share) | $ / shares	$ 1.28

Shared-Based Compensation - PSU

Shared-Based Compensation - PSU Award Rollforward - Performance share units shares in Thousands	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Nonvested PSUs (in thousands)
Nonvested restricted shares, beginning balance (in shares) | shares	1,031
Nonvested restricted shares, granted (in shares) | shares	3,061
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	(67)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period | shares	(634)
Weighted Average Grant Date Fair Value [Abstract]
Beginning balance (in dollars per share) | $ / shares	$ 3.80
Granted (in dollars per share) | $ / shares	0.97
Vested (in dollars per share) | $ / shares	4.63
Forfeited (in dollars per share) | $ / shares	$ 2.47

Shared-Based Compensation - Add

Shared-Based Compensation - Additional Information (Detail) shares in Thousands, $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) shares
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units issued (in shares)	3,381
Total grant-date fair value of restricted stock, vested | $	$ 3.5
Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units issued (in shares)	3,061
Total grant-date fair value of restricted stock, vested | $	$ 0.3
Employees | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted vesting period	3 years
Stock units issued (in shares)	1,881
Employees | Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units issued (in shares)	561
Non-executive Directors | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted vesting period	1 year
Chief Executive Officer | Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards granted vesting period	5 years
Stock units issued (in shares)	1,500
Chief Executive Officer | Performance share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock units issued (in shares)	2,500

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (38,801)	$ (36,167)	$ (38,801)	$ (36,167)	$ (35,978)	$ (37,120)	$ (28,081)	$ (31,902)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	(2,374)	(8,490)	(534)	(5,890)
OCI before reclassifications, tax	0	(98)	97	(414)
OCI before reclassifications, net of tax	(2,374)	(8,117)	(764)	(4,330)
Amounts reclassified from AOCI, tax	0	(7)	0	(17)
Amounts reclassified from AOCI, net of tax	449	(31)	917	(65)
Other comprehensive income (loss), tax	0	(105)	97	(431)
Other comprehensive loss	(2,823)	(8,086)	(1,681)	(4,265)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(40,706)	(37,906)	(40,706)	(37,906)	(38,332)	(40,172)	(29,416)	(32,016)
Other Comprehensive Income (Loss), before Tax	(2,374)	(8,490)	(534)	(5,890)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | Interest Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from AOCI, before tax	0	0	0	0
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	1,905	2,207	1,905	2,207	2,354	3,149	1,698	151
OCI before reclassifications and tax	0	471	(327)	1,974
Amounts reclassified from AOCI, before tax	(449)	38	(917)	82
Other Comprehensive Income (Loss), before Tax	(449)	509	(1,244)	2,056
Income taxes
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ 0	$ (468)	$ 0	$ (468)	$ 0	$ (97)	$ (363)	$ (37)

Net Income (Loss) Per Common _3

Net Income (Loss) Per Common Share - Summary of Net Income (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net loss	$ (14,377)	$ (8,567)	$ (24,552)	$ (11,869)
Adjustment for preferred stock cumulative dividends and deemed dividends	(3,196)	(2,658)	(6,247)	(5,196)
Numerator for basic income (loss) from continuing operations per common share	(17,573)	(11,225)	(30,799)	(17,065)
Numerator for diluted income (loss) from continuing operations per common share	$ (17,573)	$ (11,225)	$ (30,799)	$ (17,065)
Weighted average common shares outstanding	46,309	43,885	45,085	43,599
Adjustment for participating securities	(2,826)	(1,070)	(1,790)	(844)
Weighted Average Number of Shares, Contingently Issuable	2,874	1,893	2,541	1,894
Weighted average common shares outstanding, basic (in shares)	46,357	44,708	45,836	44,649
Weighted average common shares outstanding, diluted (in shares)	46,357	44,708	45,836	44,649
Basic net loss per share (in dollars per share)	$ (0.38)	$ (0.25)	$ (0.67)	$ (0.38)
Diluted net loss per share (in dollars per share)	(0.38)	(0.25)	(0.67)	(0.38)
Cash dividends declared per share (in dollars per share)	$ 0	$ 0	$ 0	$ 0

Net Income (Loss) Per Common _4

Net Income (Loss) Per Common Share - Antidilutive Securities Excluded from Computation (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	1,892	2,046	1,954	2,073
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	392	546	454	573
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	1,500	1,500	1,500	1,500

Net Income (Loss) Per Common _5

Net Income (Loss) Per Common Share - Additional Information (Detail)	3 Months Ended
	Jun. 30, 2023 $ / shares
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, minimum price range (in dollars per share)	$ 7.93
Anti dilutive securities excluded from computation of earnings per share, maximum price range (in dollars per share)	$ 25.16

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants term	2 years 10 months 24 days
Long-term debt, fair value	$ 164.2	$ 155.2
Debt, Long-Term and Short-Term, Combined Amount	$ 155.4	$ 152.7
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change-in-control put feature	3%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change-in-control put feature	5%
Series D Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Class of warrant or right, exercise price of warrants or rights (in dollars per share)	$ 0.01
Liquidation preference	140%
Class of warrant or right, number of securities called by warrants or rights (in shares)	1,900
Series B Convertible Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted exercise price of warrants or rights (in dollars per share)	$ 11.03
Class of warrant or right, number of securities called by warrants or rights (in shares)	1,500
Term Loan Facility Member
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Class of warrant or right, exercise price of warrants or rights (in dollars per share)	$ 0.01
Class of warrant or right, number of securities called by warrants or rights (in shares)	2,000

Fair Value Measurements - Liabi

Fair Value Measurements - Liabilities Measure at Fair Value Preferred Stock (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	$ 9,416	$ 2,959
Fair Value, Inputs, Level 1 [Member] | Other Noncurrent Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability, fair value, gross liability	9,198	2,831
Fair Value, Inputs, Level 2 [Member] | Other Noncurrent Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability, fair value, gross liability	0	0
Fair Value, Inputs, Level 3 [Member] | Other Noncurrent Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liability, fair value, gross liability	$ 218	$ 128

Fair Value Measurements - Roll

Fair Value Measurements - Roll Forward of Preferred Stock Derivative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 2,959
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances	2,712
Change in fair value	3,745
Ending balance	$ 9,416

Fair Value Measurements - Effec

Fair Value Measurements - Effect of Interest Rate Swap (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative [Line Items]
Interest expense	$ 5,457	$ 3,488	$ 9,745	$ 6,927
Interest Rate Swap
Derivative [Line Items]
Interest expense	$ (449)	$ 38	$ (917)	$ 82

Fair Value Measurements - Inter

Fair Value Measurements - Interest Rate Swap (Details) - Fair Value, Measurements, Recurring $ in Thousands	Dec. 31, 2022 USD ($)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Asset, Current	$ 0
Derivative Asset, Noncurrent	0
Derivative, Fair Value, Net	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Asset, Current	2,130
Derivative Asset, Noncurrent	1,023
Derivative, Fair Value, Net	3,153
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Asset, Current	0
Derivative Asset, Noncurrent	0
Derivative, Fair Value, Net	$ 0

Uncategorized Items - nnbr-2023

Label	Element	Value
Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	3,391,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	$ 1.48