Segment And Geographic Information

3 Months Ended

Mar. 31, 2020

Segment And Geographic Information [Abstract]

Segment And Geographic Information

Note 18 – 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, which includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. The operating margin of each segment reflects the cost structure of the segments and are not comparable. 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:

		Three Months Ended
		March 31,
(in thousands)			2020		2019
Net sales:
	Americas	$	314,396	$	392,058
	Asia		171,609		187,409
	Europe		47,000		43,960
	Elimination of intersegment sales		(18,041)		(20,607)
		$	514,964	$	602,820
Depreciation and amortization:
	Americas	$	5,585	$	5,381
	Asia		2,714		2,811
	Europe		725		814
	Corporate		3,168		3,166
		$	12,192	$	12,172
Income from operations:
	Americas	$	12,425	$	20,228
	Asia		10,998		15,385
	Europe		2,189		940
	Corporate and intersegment eliminations		(19,122)		(20,466)
			6,490		16,087
	Interest expense		(1,702)		(1,609)
	Interest income		599		1,297
	Other income (expense)		(662)		1,604
	Income before income taxes	$	4,725	$	17,379
Capital expenditures:
	Americas	$	9,260	$	4,753
	Asia		2,525		2,838
	Europe		846		388
	Corporate		265		2,095
		$	12,896	$	10,074

			March 31,	December 31,
(in thousands)			2020		2019
Total assets:
	Americas	$	820,673	$	792,180
	Asia		534,810		533,508
	Europe		133,359		139,977
	Corporate and other		334,540		294,209
		$	1,823,382	$	1,759,874

Geographic net sales information reflects the destination of the product shipped. Long-lived assets
information is based upon the physical location of the asset.
		Three Months Ended
		March 31,
(in thousands)			2020		2019
Geographic net sales:
	United States	$	336,367	$	418,364
	Singapore		54,621		42,717
	Other Asia		38,319		43,907
	Europe		66,523		73,345
	Other foreign		19,134		24,487
		$	514,964	$	602,820
			March 31,	December 31,
			2020		2019
Long-lived assets:
	United States	$	242,210	$	247,074
	Asia		73,948		76,507
	Europe		19,890		20,258
	Other foreign		24,942		23,563
		$	360,990	$	367,402