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Enterprise-Wide Segment Information and Net Sales (Tables)
9 Months Ended
Sep. 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 September 30, 2024

 

Asia

 

Americas

 

Europe

 

Consolidated

 

Total sales

 

$

380,013

 

$

255,058

 

 

$

68,771

 

 

$

703,842

 

Intercompany elimination

 

 

(161,213

)

 

(155,017

)

 

 

(37,533

)

 

 

(353,763

)

Net sales

 

$

218,800

 

 

$

100,041

 

 

$

31,238

 

 

$

350,079

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended September 30, 2023

 

Asia

 

Americas

 

Europe

 

Consolidated

 

Total sales

 

$

379,181

 

$

291,359

 

 

$

97,625

 

 

$

768,165

 

Intercompany elimination

 

 

(169,629

)

 

(159,114

)

 

 

(34,775

)

 

 

(363,518

)

Net sales

 

$

209,552

 

 

$

132,245

 

 

$

62,850

 

 

$

404,647

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2024

 

Asia

 

Americas

 

Europe

 

Consolidated

 

Total sales

 

$

1,051,118

 

 

695,447

 

 

$

204,868

 

 

$

1,951,433

 

Intercompany elimination

 

 

(445,714

)

 

(431,204

)

 

 

(102,693

)

 

 

(979,611

)

Net sales

 

$

605,404

 

 

$

264,243

 

 

$

102,175

 

 

$

971,822

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant, and equipment, net

 

$

515,347

 

 

$

78,915

 

 

$

109,463

 

 

$

703,725

 

Total assets

 

$

1,678,927

 

 

$

472,420

 

 

$

238,035

 

 

$

2,389,382

 

 

 

 

 

 

 

As of and for the

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2023

 

Asia

 

Americas

 

Europe

 

Consolidated

 

Total sales

 

$

1,206,777

 

$

955,944

 

 

$

315,063

 

 

$

2,477,784

 

Intercompany elimination

 

 

(539,598

)

 

(499,802

)

 

 

(99,344

)

 

 

(1,138,744

)

Net sales

 

$

667,179

 

 

$

456,142

 

 

$

215,719

 

 

$

1,339,040

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant, and equipment, net

 

$

537,040

 

 

$

86,951

 

 

$

112,135

 

 

$

736,126

 

Total assets

 

$

1,562,240

 

 

$

520,608

 

 

$

257,374

 

 

$

2,340,222

 

 

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 September 30,

Net Sales by Region

 

2024

 

 

2023

 

 

Asia

 

$

274,711

 

 

$

292,968

 

 

Europe

 

 

52,588

 

 

 

73,555

 

 

Americas

 

 

22,780

 

 

 

38,124

 

 

Total net sales

 

$

350,079

 

 

$

404,647

 

 

 

 

 

 

 

 

 

 

Net Sales by Type

 

 

 

 

 

 

 

Direct sales

 

$

127,219

 

 

$

137,661

 

 

Distributor sales

 

 

222,860

 

 

 

266,986

 

 

Total net sales

 

$

350,079

 

 

$

404,647

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended September 30,

 

 

Net Sales by Region

 

2024

 

 

2023

 

 

Asia

 

$

748,774

 

 

$

930,891

 

 

Europe

 

 

147,403

 

 

 

242,783

 

 

Americas

 

 

75,645

 

 

 

165,366

 

 

Total net sales

 

$

971,822

 

 

$

1,339,040

 

 

 

 

 

 

 

 

 

 

Net Sales by Type

 

 

 

 

 

 

 

Direct sales

 

$

362,223

 

 

$

416,689

 

 

Distributor sales

 

 

609,599

 

 

 

922,351

 

 

Total net sales

 

$

971,822

 

 

$

1,339,040