XML 62 R45.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segment and Geographic Data (Tables)
 12 Months Ended
Dec. 31, 2024
Segment and Geographic Data [Abstract]  
Segment reporting information
The following tables set forth business segment information:

   
MOSFETs
    
Diodes
    
Optoelectronic
Components
    
Resistors
    
Inductors
    
Capacitors
    
Corporate /
Other
    
Total
  
 
                                                
Year ended December 31, 2024:
  
                                           
Net revenues
   $ 601,979     $ 581,975     $ 212,368     $ 725,614     $ 356,355     $ 459,296     $ -     $ 2,937,587  
                                                                 
Cost of products sold (excluding depreciation)
   $ 465,536     $ 414,893     $ 158,742     $ 524,808     $ 231,456     $ 330,460     $ -     $ 2,125,895  
Depreciation expense in cost of products sold
     49,342       45,920       15,374       41,848       17,819       15,097       -       185,400  
Total cost of products sold
     514,878       460,813       174,116       566,656       249,275       345,557       -       2,311,295  
Gross profit
     87,101       121,162       38,252       158,958       107,080       113,739       -       626,292  
                                                                 
Segment operating expenses
   $ 80,243     $ 25,281     $ 21,393     $ 33,217     $ 14,818     $ 23,469     $ -     $ 198,421  
Segment operating income
   $ 6,858     $ 95,881     $ 16,859     $ 125,741     $ 92,262     $ 90,270     $ -     $ 427,871  
                                                                 
Total depreciation expense
   $ 51,301     $ 47,099     $ 15,784     $ 42,568     $ 17,940     $ 15,293     $ 8,976     $ 198,961  
Capital expenditures
     224,998       29,534       10,451       30,301       6,339       13,609       4,847       320,079  
 
                                                                
Total assets as of December 31, 2024:
   $ 1,033,555     $ 724,603     $ 346,866     $ 958,985     $ 342,286     $ 430,871     $ 273,530     $ 4,110,696  
 
                                                                
Year ended December 31, 2023:
                                                                
Net revenues
   $ 778,754     $ 690,540     $ 243,146     $ 843,472     $ 347,392     $ 498,741     $ -     $ 3,402,045  
                                                                 
Cost of products sold (excluding depreciation)
   $ 485,086     $ 471,088     $ 164,791     $ 566,640     $ 220,090     $ 358,120     $ -     $ 2,265,815  
Depreciation expense in cost of products sold
     34,282       43,831       16,129       38,404       14,888       14,203       -       161,737  
Total cost of products sold
     519,368       514,919       180,920       605,044       234,978       372,323       -       2,427,552  
Gross profit
     259,386       175,621       62,226       238,428       112,414       126,418       -       974,493  
                                                                 
Segment operating expenses
   $ 63,593     $ 22,159     $ 19,263     $ 29,003     $ 12,730     $ 21,433     $ -     $ 168,181  
Segment operating income
   $ 195,793     $ 153,462     $ 42,963     $ 209,425     $ 99,684     $ 104,985     $ -     $ 806,312  
                                                                 
Total depreciation expense
   $ 35,965     $ 44,904     $ 16,496     $ 39,781     $ 14,963     $ 14,269     $ 8,079     $ 174,457  
Capital expenditures
     132,543       62,185       23,228       67,085       10,767       21,914       11,688       329,410  
 
                                                                
Total assets as of December 31, 2023:
   $ 702,299     $ 852,703     $ 352,984     $ 946,585     $ 365,111     $ 459,653     $ 560,588     $ 4,239,923  
 
                                                                
Year ended December 31, 2022:
                                                                
Net revenues
   $ 762,260     $ 765,220     $ 296,384     $ 832,806     $ 331,086     $ 509,645     $ -     $ 3,497,401  
                                                                 
Cost of products sold (excluding depreciation)
   $ 458,283     $ 528,278     $ 179,848     $ 536,514     $ 211,969     $ 371,766     $ 6,661     $ 2,293,319  
Depreciation expense in cost of products sold
     29,479       38,837       13,749       34,220       14,768       14,040       -       145,093  
Total cost of products sold
     487,762       567,115       193,597       570,734       226,737       385,806       6,661       2,438,412  
Gross profit
     274,498       198,105       102,787       262,072       104,349       123,839       (6,661 )     1,058,989  
                                                                 
Segment operating expenses
   $ 45,806     $ 21,683     $ 17,331     $ 26,813     $ 10,896     $ 19,029     $ -     $ 141,558  
Segment operating income
   $ 228,692     $ 176,422     $ 85,456     $ 235,259     $ 93,453     $ 104,810     $ (6,661 )   $ 917,431  
                                                                 
Total depreciation expense
   $ 30,551     $ 40,014     $ 14,065     $ 34,903     $ 14,927     $ 14,286     $ 7,118     $ 155,864  
Capital expenditures
     90,297       69,126       27,776       76,702       35,102       15,214       11,091       325,308  
 
                                                                
Total assets as of December 31, 2022:
   $ 672,048     $ 814,017     $ 385,388     $ 861,870     $ 322,893     $ 496,924     $ 312,513     $ 3,865,653  
Operating margin reconciliation
   
Years ended December 31,
  
 
  
2024
    
2023
    
2022
  
Reconciliation:
                  
Segment Operating Income
  
$
427,871
    
$
806,312
    
$
917,431
  
Restructuring and Severance Costs
     (40,614 )     -
       -  
Impairment of Goodwill
     (66,487 )     -       -  
Impact of COVID-19 Pandemic on Selling, General, and Administrative Expenses
     -       -       (546 )
Unallocated Selling, General, and Administrative Expenses
    
(315,143
)
    
(320,168
)
    
(301,399
)
Consolidated Operating Income (Loss)
  
$
5,627
    
$
486,144
    
$
615,486
  
Unallocated Other Income (Expense)
    
(8,016
)
    
(18,742
)
    
(21,981
)
Consolidated Income (Loss) Before Taxes
  
$
(2,389
)
  
$
467,402
    
$
593,505
  
Disaggregation of Revenue
The Company has a broad line of products that it sells to OEMs, EMS companies, and independent distributors.  The distribution of sales by customer type is shown below:

   
Years Ended December 31,
  
 
  
2024
    
2023
    
2022
  
                   
Distributors
  
$
1,578,172
    
$
1,798,291
    
$
2,019,842
  
OEMs
    
1,156,852
      
1,378,065
      
1,229,114
  
EMS companies
    
202,563
      
225,689
      
248,445
  
   
$
2,937,587
    
$
3,402,045
    
$
3,497,401
  

Net revenues were attributable to customers in the following regions:

 
  
Years Ended December 31,
  
 
  
2024
    
2023
    
2022
  
                   
Asia
  
$
1,149,138
    
$
1,255,563
    
$
1,347,893
  
Europe
    
1,029,901
      
1,255,652
      
1,146,898
  
Americas
    
758,548
      
890,830
      
1,002,610
  
   
$
2,937,587
    
$
3,402,045
    
$
3,497,401
  



Note 15 – Segment and Geographic Data (continued)

The Company generates substantially all of its revenue from product sales to end customers in the industrial, automotive, military and aerospace, medical, power supplies, telecommunications, consumer products, and computing end markets.  Sales by end market are presented below:

   
Years Ended December 31,
  
 
  
2024
    
2023
    
2022
  
                   
Industrial
  
$
992,192
    
$
1,216,078
    
$
1,377,043
  
Automotive
    
1,097,713
      
1,202,923
      
1,067,499
  
Military and Aerospace     325,318       271,871       215,078  
Medical
    
147,845
      
152,611
      
133,808
  
Other*
     374,519       558,562       703,973  
   
$
2,937,587
    
$
3,402,045
    
$
3,497,401
  
*Power supplies, telecommunications, consumer products, and computing
Revenues Based on Geographic Area
The following table summarizes net revenues based on revenues generated by subsidiaries located within the identified geographic area:

 
  
Years ended December 31,
  
 
  
2024
    
2023
    
2022
  
 
                  
United States
  
$
761,218
    
$
879,734
    
$
974,503
  
Germany
    
871,479
      
1,076,812
      
1,005,796
  
Other Europe
    
148,055
      
151,160
      
142,454
  
Israel
    
22,517
      
29,560
      
25,844
  
Asia
    
1,134,318
      
1,264,779
      
1,348,804
  
   
$
2,937,587
    
$
3,402,045
    
$
3,497,401
  
Property and Equipment Based on Geographic Area
The following table summarizes property and equipment based on physical location:

   
December 31,
  
 
  
2024
    
2023
  
 
            
United States
  
$
149,487
    
$
162,428
  
Germany
    
359,430
      
305,504
  
United Kingdom
     214,838
  
     755
  
Other Europe
    
137,109
      
147,891
  
Israel
    
109,277
      
98,800
  
People's Republic of China
    
236,068
      
250,209
  
Republic of China (Taiwan)
    
204,757
      
207,515
  
Other Asia
    
119,236
      
108,055
  
Other
    
15,536
      
13,489
  
 
  
$
1,545,738
    
$
1,294,646