Segment And Geographic Information

12 Months Ended

Dec. 31, 2018

Segment And Geographic Information [Abstract]

Segment And Geographic Information

Note 15—Segment and Geographic Information

The Company currently has manufacturing facilities in the Americas, Asia and Europe to serve its customers. The Company is operated and managed geographically, and management evaluates performance and allocates the Company’s resources on a geographic basis. Intersegment sales are generally recorded at prices that approximate arm’s length transactions. Operating segments’ measure of profitability is based on income from operations. The accounting policies for the reportable operating segments are the same as for the Company taken as a whole. The Company has three reportable operating segments: Americas, Asia, and Europe. Information about operating segments is as follows:

				Year Ended December 31,
(in thousands)				2018		2017		2016
	Net sales:				(as adjusted)		(as adjusted)
		Americas	$	1,647,402	$	1,584,729	$	1,589,933
		Asia		801,312		777,616		653,888
		Europe		186,517		176,954		157,837
		Elimination of intersegment sales		(68,766)		(84,820)		(79,373)
			$	2,566,465	$	2,454,479	$	2,322,285
	Depreciation and amortization:
		Americas	$	22,668	$	21,972	$	23,275
		Asia		11,496		11,849		15,832
		Europe		3,498		2,891		2,794
		Corporate		14,177		11,960		13,238
			$	51,839	$	48,672	$	55,139
	Income from operations:
		Americas	$	61,731	$	68,433	$	87,582
		Asia		72,442		74,701		46,749
		Europe		10,229		10,805		10,058
		Corporate and intersegment eliminations		(85,864)		(77,113)		(67,529)
			$	58,538	$	76,826	$	76,860
	Other income (expense):
		Interest expense	$	(10,473)	$	(9,405)	$	(9,304)
		Interest income		6,848		5,370		2,136
		Other income (expense)		628		(1,786)		(282)
		Income before income taxes	$	55,541	$	71,005	$	69,410
	Capital expenditures:
		Americas	$	44,204	$	27,139	$	20,766
		Asia		14,400		18,115		7,858
		Europe		2,388		4,915		1,441
		Corporate		5,740		4,337		2,269
			$	66,732	$	54,506	$	32,334
	Total assets:
		Americas	$	852,776	$	812,187	$	871,577
		Asia		540,094		674,783		637,376
		Europe		113,165		470,786		393,973
		Corporate and other		393,748		151,548		105,999
			$	1,899,783	$	2,109,304	$	2,008,925

Geographic net sales information provided below reflects the destination of the product shipped. Long-lived assets information is based on the physical location of the asset.

				Year Ended December 31,
(in thousands)				2018		2017		2016
	Geographic net sales:				(as adjusted)		(as adjusted)
		United States	$	1,741,321	$	1,650,791	$	1,624,050
		Asia		423,245		432,530		336,022
		Europe		299,676		291,006		254,272
		Other		102,223		80,152		107,941
			$	2,566,465	$	2,454,479	$	2,322,285
	Long-lived assets:
		United States	$	190,056	$	167,858	$	167,367
		Asia		79,051		77,750		67,998
		Europe		9,537		11,042		8,415
		Other		22,945		25,830		24,290
			$	301,589	$	282,480	$	268,070