| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Jingzhou Henglong Automotive Parts Co Ltd | | | | 250.5 | 279.7 | 301.4 | 284.4 | 293.9 |
| Shashi Jiulong Power Steering Gears Co Ltd | | | | 103.0 | 100.8 | 77.0 | 70.0 | 77.3 |
| Shenyang Jinbei Henglong Automotive Steering System Co Ltd | | | | 25.9 | 40.2 | 35.2 | 33.2 | 41.9 |
| Henglong | | | | | | | | 56.7 |
| Other | | | | 142.2 | 107.4 | 48.5 | 56.0 | 47.5 |
| Total revenues | 529.6 | 441.5 | 455.2 | 521.7 | 528.1 | 462.1 | 443.5 | 517.2 |
| Revenue growth [+] | 19.9% | -3.0% | -12.7% | -1.2% | 14.3% | 4.2% | -14.2% | 14.3% |
| Jingzhou Henglong Automotive Parts Co Ltd | | | | -10.4% | -7.2% | 6.0% | -3.2% | 12.7% |
| Shashi Jiulong Power Steering Gears Co Ltd | | | | 2.2% | 30.9% | 10.0% | -9.4% | -0.5% |
| Shenyang Jinbei Henglong Automotive Steering System Co Ltd | | | | -35.4% | 14.2% | 6.0% | -20.7% | 0.8% |
| Cost of goods sold | 457.5 | 386.2 | 391.9 | 456.3 | 443.4 | 408.9 | 389.3 | 402.8 |
| Gross profit | 72.1 | 55.3 | 63.4 | 65.4 | 84.6 | 53.2 | 54.3 | 114.4 |
| Gross margin | 13.6% | 12.5% | 13.9% | 12.5% | 16.0% | 11.5% | 12.2% | 22.1% |
| Selling, general and administrative [+] | 70.9 | 67.8 | 62.2 | 72.3 | 73.0 | 34.0 | 32.0 | 31.9 |
| Sales and marketing | | | | | | 17.2 | 15.0 | 15.7 |
| General and administrative | | | | | | | | 16.2 |
| Other selling, general and administrative | | | | | | 16.8 | 17.0 | |
| Research and development | | | | | | 27.7 | 22.3 | 23.0 |
| Equity in earnings | | | | | | 0.6 | -0.3 | 0.3 |
| Other operating expenses | -0.6 | 2.2 | -4.5 | -3.0 | -8.1 | -31.6 | -29.7 | 15.1 |
| EBITDA [+] | 28.8 | 7.4 | 23.5 | 13.0 | 35.1 | 37.5 | 44.6 | 60.3 |
| EBITDA growth | 288.8% | -68.4% | 81.1% | -63.0% | -6.5% | -15.9% | -26.0% | 16.7% |
| EBITDA margin | 5.4% | 1.7% | 5.2% | 2.5% | 6.6% | 8.1% | 10.1% | 11.6% |
| Depreciation | 26.5 | 21.6 | 17.6 | 16.5 | 15.1 | 13.6 | 14.7 | 15.2 |
| EBITA | 2.3 | -14.1 | 5.9 | -3.6 | 20.0 | 23.9 | 29.9 | 45.0 |
| EBITA margin | 0.4% | -3.2% | 1.3% | -0.7% | 3.8% | 5.2% | 6.7% | 8.7% |
| Amortization of intangibles | 0.6 | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 | 0.6 | 0.3 |
| EBIT [+] | 1.7 | -14.6 | 5.6 | -3.9 | 19.7 | 23.6 | 29.3 | 44.7 |
| EBIT growth | -111.8% | -361.0% | -245.3% | -119.6% | -16.4% | -19.6% | -34.5% | 20.8% |
| EBIT margin | 0.3% | -3.3% | 1.2% | -0.7% | 3.7% | 5.1% | 6.6% | 8.6% |
| Interest income, net [+] | 1.2 | 1.7 | 0.1 | 2.3 | 3.4 | 1.4 | 2.1 | 1.2 |
| Interest expense | 1.4 | 1.6 | 3.0 | 2.9 | 1.8 | 0.7 | 1.3 | 1.8 |
| Interest income | 1.2 | 1.7 | 0.1 | 2.3 | 3.4 | 2.1 | 3.4 | 3.0 |
| Other income (expense), net | 6.9 | 2.4 | 4.9 | 2.0 | -1.0 | -0.1 | 0.7 | 0.2 |
| Pre-tax income | 8.4 | -12.2 | 7.6 | -2.5 | 20.4 | 24.9 | 32.0 | 46.1 |
| Income taxes | 4.0 | 2.2 | 0.6 | -1.5 | 41.6 | 2.5 | 4.5 | 6.8 |
| Tax rate | 47.7% | | 7.7% | 58.6% | 204.3% | 10.0% | 14.0% | 14.7% |
| Minority interest | | | | | | 0.5 | 0.5 | 6.1 |
| Net income | 11.1 | -5.0 | 10.0 | 2.4 | -19.3 | 22.5 | 27.4 | 33.5 |
| Net margin | 2.1% | -1.1% | 2.2% | 0.5% | -3.7% | 4.9% | 6.2% | 6.5% |
| |
| Basic EPS [+] | $0.36 | ($0.16) | $0.32 | $0.08 | ($0.61) | $0.70 | $0.85 | $1.15 |
| Growth | -323.5% | -150.6% | 321.6% | -112.3% | -186.8% | -17.4% | -26.1% | 20.8% |
| Diluted EPS [+] | $0.36 | ($0.16) | $0.32 | $0.08 | ($0.61) | $0.70 | $0.85 | $1.15 |
| Growth | -323.5% | -150.6% | 321.6% | -112.3% | -186.8% | -17.3% | -26.1% | 20.8% |
| |
| Shares outstanding (basic) [+] | 30.9 | 31.1 | 31.5 | 31.6 | 31.6 | 32.0 | 32.1 | 29.1 |
| Growth | -0.7% | -1.2% | -0.6% | 0.0% | -1.0% | -0.5% | 10.5% | 3.6% |
| Shares outstanding (diluted) [+] | 30.9 | 31.1 | 31.5 | 31.6 | 31.6 | 32.0 | 32.1 | 29.1 |
| Growth | -0.7% | -1.2% | -0.6% | 0.0% | -1.0% | -0.6% | 10.5% | 3.7% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |