Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Summary of Financial Information for Reportable Segments

Summarized financial information for the Company’s reportable segments is shown in the following tables:

(In thousands)	2022		2021		2020
Net sales:
SCEM	$	773,594	$	625,670	$	530,040
MC	1,105,996		919,363		742,186
AMH	846,492		704,946		538,682
APS	606,614		85,621		79,492
Inter-segment elimination	(50,663)		(36,707)		(31,087)
Total net sales	$	3,282,033	$	2,298,893	$	1,859,313
(In thousands)	2022		2021		2020
Segment profit:
SCEM	$	122,287	$	137,392	$	99,474
MC	411,475		321,300		248,910
AMH	183,738		159,995		111,028
APS	96,902		30,415		28,495
Total segment profit	$	814,402	$	649,102	$	487,907
(In thousands)	2022		2021		2020
Total assets:
SCEM	$	1,671,456	$	971,678	$	866,029
MC	1,161,636		946,336		819,602
AMH	801,591		598,547		437,322
APS	5,864,250		219,787		156,328
Corporate	639,924		455,548		638,415
Total assets	$	10,138,857	$	3,191,896	$	2,917,696

(In thousands)	2022		2021		2020
Depreciation and amortization:
SCEM	$	76,550	$	57,995	$	62,770
MC	42,514		41,536		39,775
AMH	33,490		29,648		25,231
APS	126,770		8,988		8,647
Corporate	—		—		99
Total depreciation and amortization	$	279,324	$	138,167	$	136,522
(In thousands)	2022		2021		2020
Capital expenditures:
SCEM	$	105,057	$	68,058	$	49,711
MC	178,800		69,120		40,656
AMH	136,061		67,096		36,107
APS	46,274		6,352		5,278
Total capital expenditures	$	466,192	$	210,626	$	131,752

Reconciliation of Total Segment Profit to Operating Income

The following table reconciles total segment profit to income before income taxes and equity in net loss of affiliate:

(In thousands)	2022		2021		2020
Total segment profit	$	814,402	$	649,102	$	487,907
Less:
Amortization of intangibles	143,953		47,856		53,092
Unallocated general and administrative expenses	190,468		49,478		39,370
Operating income	$	479,981	$	551,768	395,445
Interest expense	212,669		41,240		48,600
Interest income	(3,694)		(243)		(786)
Other expense (income), net	23,926		31,695		(6,656)
Income before income tax expense	$	247,080	$	479,076	$	354,287

Summary of Total Net Sales to External Customers

In the following tables, revenue is disaggregated by country or region based on the ship to location of the customer for the years ended December 31, 2022, 2021 and 2020:

	2022
(In thousands)	SCEM		MC		AMH		APS		Inter-segment		Total
North America	$	272,696	$	158,627	$	265,510	$	149,489	$	(50,663)	$	795,659
Taiwan	111,921		305,899		151,663		90,644		—		660,127
South Korea	78,675		129,750		121,726		83,926		—		414,077
Japan	87,452		183,485		59,278		19,787		—		350,002
China	95,184		184,609		119,325		102,838		—		501,956
Europe	66,938		85,696		88,405		83,976		—		325,015
Southeast Asia	60,728		57,930		40,585		75,954		—		235,197
	$	773,594	$	1,105,996	$	846,492	$	606,614	$	(50,663)	$	3,282,033

	2021
(In thousands)	SCEM		MC		AMH		APS		Inter-segment		Total
North America	$	191,717	$	133,653	$	219,853	$	17,280	$	(36,707)	$	525,796
Taiwan	96,069		225,086		111,968		20,987		—		454,110
South Korea	76,270		114,211		105,493		21,298		—		317,272
Japan	86,442		161,569		51,267		3,325		—		302,603
China	91,272		164,471		97,157		11,519		—		364,419
Europe	43,703		70,011		89,121		6,433		—		209,268
Southeast Asia	40,197		50,362		30,087		4,779		—		125,425
	$	625,670	$	919,363	$	704,946	$	85,621	$	(36,707)	$	2,298,893

	2020
(In thousands)	SCEM		MC		AMH		APS		Inter-segment		Total
North America	$	168,270	$	144,015	$	164,576	$	20,739	$	(31,087)	$	466,513
Taiwan	85,406		171,201		94,339		21,259		—		372,205
South Korea	69,235		91,997		92,623		19,345		—		273,200
Japan	71,242		124,321		45,209		2,124		—		242,896
China	68,625		108,588		61,458		9,192		—		247,863
Europe	32,746		67,090		52,321		2,281		—		154,438
Southeast Asia	34,516		34,974		28,156		4,552		—		102,198
	$	530,040	$	742,186	$	538,682	$	79,492	$	(31,087)	$	1,859,313

Summary of Property, Plant and Equipment Attributed to Significant Countries

The following table summarizes property, plant and equipment, net, attributed to significant countries for the years ended December 31, 2022, 2021 and 2020:

(In thousands)	2022		2021		2020
Property, plant and equipment:
North America	$	776,913	$	417,549	$	348,363
South Korea	84,253		58,725		55,404
Japan	104,282		56,357		41,044
Malaysia	46,703		29,443		32,727
China	253,285		32,133		29,528
Taiwan	31,592		58,444		17,050
Other	96,309		1,447		1,251
	$	1,393,337	$	654,098	$	525,367