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Enterprise Wide Segment Information and Net Sales (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Net Sales from Based on Location of the Subsidiary The tables below set forth net sales based on the location of the subsidiary producing the net sale:

For the Three Months Ended June 30, 2024

 

Asia

 

Americas

 

Europe

 

Consolidated

 

Total sales

 

$

341,679

 

$

216,616

 

 

$

69,710

 

 

$

628,005

 

Intercompany elimination

 

 

(135,617

)

 

(139,757

)

 

 

(32,860

)

 

 

(308,234

)

Net sales

 

$

206,062

 

 

$

76,859

 

 

$

36,850

 

 

$

319,771

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended June 30, 2023

 

Asia

 

Americas

 

Europe

 

Consolidated

 

Total sales

 

$

403,434

 

$

333,178

 

 

$

117,393

 

 

$

854,005

 

Intercompany elimination

 

 

(188,504

)

 

(165,537

)

 

 

(32,812

)

 

 

(386,853

)

Net sales

 

$

214,930

 

 

$

167,641

 

 

$

84,581

 

 

$

467,152

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2024

 

Asia

 

Americas

 

Europe

 

Consolidated

 

Total sales

 

$

671,105

 

 

440,389

 

 

$

136,097

 

 

$

1,247,591

 

Intercompany elimination

 

 

(284,501

)

 

(276,187

)

 

 

(65,160

)

 

 

(625,848

)

Net sales

 

$

386,604

 

 

$

164,202

 

 

$

70,937

 

 

$

621,743

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant, and equipment, net

 

$

515,332

 

 

$

81,287

 

 

$

110,998

 

 

$

707,617

 

Total assets

 

$

1,663,698

 

 

$

467,291

 

 

$

230,068

 

 

$

2,361,057

 

 

 

 

 

 

 

As of and for the

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2023

 

Asia

 

Americas

 

Europe

 

Consolidated

 

Total sales

 

$

827,596

 

$

664,585

 

 

$

217,438

 

 

$

1,709,619

 

Intercompany elimination

 

 

(369,969

)

 

(340,688

)

 

 

(64,569

)

 

 

(775,226

)

Net sales

 

$

457,627

 

 

$

323,897

 

 

$

152,869

 

 

$

934,393

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant, and equipment, net

 

$

540,172

 

 

$

90,588

 

 

$

117,355

 

 

$

748,115

 

Total assets

 

$

1,553,842

 

 

$

505,460

 

 

$

281,769

 

 

$

2,341,071

 

Schedule of Net Sales by Direct Sales or Distributor and Location

The tables below set forth net sales for the Company disaggregated into geographic locations based on shipment destination and by type (direct sales or Distributor):

 

 

For the Three Months Ended June 30,

Net Sales by Region

 

2024

 

 

2023

 

 

Asia

 

$

245,643

 

 

$

313,754

 

 

Europe

 

 

47,364

 

 

 

92,239

 

 

Americas

 

 

26,764

 

 

 

61,159

 

 

Total net sales

 

$

319,771

 

 

$

467,152

 

 

 

 

 

 

 

 

 

 

Net Sales by Type

 

 

 

 

 

 

 

Direct sales

 

$

116,840

 

 

$

144,083

 

 

Distributor sales

 

 

202,931

 

 

 

323,069

 

 

Total net sales

 

$

319,771

 

 

$

467,152

 

 

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended June 30,

 

 

Net Sales by Region

 

2024

 

 

2023

 

 

Asia

 

$

474,062

 

 

$

637,922

 

 

Europe

 

 

94,815

 

 

 

169,229

 

 

Americas

 

 

52,866

 

 

 

127,242

 

 

Total net sales

 

$

621,743

 

 

$

934,393

 

 

 

 

 

 

 

 

 

 

Net Sales by Type

 

 

 

 

 

 

 

Direct sales

 

$

235,004

 

 

$

279,028

 

 

Distributor sales

 

 

386,739

 

 

 

655,365

 

 

Total net sales

 

$

621,743

 

 

$

934,393