Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2023

The following tables present financial information for the Company's reportable segments:


	Year Ended December 31,
(in thousands)		2023		2022		2021
Net sales to unrelated entities:
U.S.		$	2,241,437	$	2,302,246	$	2,060,300
LAAP		519,754		473,866		465,499
EMEA		469,237		438,554		382,060
Canada		256,775		249,486		218,543
		$	3,487,203	$	3,464,152	$	3,126,402
Segment operating income:
U.S.		$	415,731	$	519,812	$	536,475
LAAP		61,824		47,025		42,025
EMEA		98,943		80,192		65,496
Canada		55,599		52,957		52,731
Total segment operating income		632,097		699,986		696,727
Unallocated corporate expenses		(321,813)		(306,882)		(246,223)
Interest income, net		13,687		2,713		1,380
Other non-operating income (expense), net		2,221		1,593		(373)
Income before income tax		$	326,192	$	397,410	$	451,511

Depreciation and amortization expense:
U.S.		$	21,429	$	20,428	$	21,098
LAAP		5,440		4,984		5,733
EMEA		3,545		3,066		3,423
Canada		2,616		2,461		2,586
Unallocated corporate expense		25,033		23,813		23,082
		$	58,063	$	54,752	$	55,922


	December 31,
(in thousands)	2023		2022
Accounts receivable, net:
U.S.	$	206,119	$	280,199
LAAP	71,236		87,391
EMEA	104,871		107,626
Canada	40,853		72,345
	$	423,079	$	547,561
Inventories:
U.S.	$	487,860	$	747,762
LAAP	106,785		105,158
EMEA	89,303		98,777
Canada	62,340		76,848
	$	746,288	$	1,028,545
Property, plant and equipment, net:
U.S.	$	226,243	$	233,382
Canada	25,174		25,350
All other countries	35,864		32,482
	$	287,281	$	291,214