Segment And Geographic Information

12 Months Ended

Dec. 31, 2019

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)				2019		2018		2017
	Net sales:
		Americas	$	1,428,795	$	1,647,402	$	1,584,729
		Asia		741,630		801,312		777,616
		Europe		176,384		186,517		176,954
		Elimination of intersegment sales		(78,714)		(68,766)		(84,820)
			$	2,268,095	$	2,566,465	$	2,454,479
	Depreciation and amortization:
		Americas	$	21,784	$	22,668	$	21,972
		Asia		11,108		11,496		11,849
		Europe		3,035		3,498		2,891
		Corporate		12,500		14,177		11,960
			$	48,427	$	51,839	$	48,672
	Income from operations:
		Americas	$	55,749	$	61,731	$	68,433
		Asia		47,862		72,442		74,701
		Europe		6,983		10,229		10,805
		Corporate and intersegment eliminations		(82,049)		(85,864)		(77,113)
				28,545		58,538		76,826
		Interest expense		(6,664)		(10,473)		(9,405)
		Interest income		3,829		6,848		5,370
		Other income (expense)		1,559		628		(1,786)
		Income before income taxes	$	27,269	$	55,541	$	71,005
	Capital expenditures:
		Americas	$	15,822	$	44,204	$	27,139
		Asia		9,493		14,400		18,115
		Europe		3,702		2,388		4,915
		Corporate		6,101		5,740		4,337
			$	35,118	$	66,732	$	54,506
	Total assets:
		Americas	$	792,180	$	852,776	$	812,187
		Asia		533,508		540,094		674,783
		Europe		139,977		113,165		470,786
		Corporate and other		294,209		393,748		151,548
			$	1,759,874	$	1,899,783	$	2,109,304

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)				2019		2018		2017
	Geographic net sales:
		United States	$	1,508,966	$	1,741,321	$	1,650,791
		Asia		391,029		423,245		432,530
		Europe		266,216		299,676		291,006
		Other		101,884		102,223		80,152
			$	2,268,095	$	2,566,465	$	2,454,479
	Long-lived assets:
		United States	$	247,073	$	190,056	$	167,858
		Asia		76,507		79,051		77,750
		Europe		20,258		9,537		11,042
		Other		23,563		22,945		25,830
			$	367,402	$	301,589	$	282,480