Segment And Geographic Information

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment And Geographic Information

Note 13—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)	2021			2020			2019
Net sales:
Americas	$	1,203,544		$	1,209,032		$	1,428,795
Asia		912,560			746,661			741,630
Europe		228,834			174,547			176,384
Elimination of intersegment sales		(89,619	)		(77,109	)		(78,714	)
	$	2,255,319		$	2,053,131		$	2,268,095
Depreciation and amortization:
Americas	$	20,589		$	22,802		$	21,784
Asia		10,660			11,018			11,108
Europe		2,878			2,842			3,035
Corporate		10,025			12,130			12,500
	$	44,152		$	48,792		$	48,427
Income from operations:
Americas	$	45,807		$	32,629		$	55,749
Asia		90,725			63,880			47,862
Europe		11,054			6,077			6,983
Corporate and intersegment eliminations		(94,524	)		(77,452	)		(82,049	)
		53,062			25,134			28,545
Interest expense		(8,472	)		(8,364	)		(6,664	)
Interest income		540			1,196			3,829
Other income (expense)		277			(673	)		1,559
Income before income taxes	$	45,407		$	17,293		$	27,269
Capital expenditures:
Americas	$	28,673		$	24,392		$	15,822
Asia		4,253			7,836			9,493
Europe		6,072			1,838			3,702
Corporate		3,179			5,453			6,101
	$	42,177		$	39,519		$	35,118
Total assets:
Americas	$	885,574		$	777,658		$	792,180
Asia		663,881			532,793			533,508
Europe		178,263			146,277			139,977
Corporate		176,162			287,507			294,209
	$	1,903,880		$	1,744,235		$	1,759,874

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 and includes property, plant and equipment, net, operating lease right-of-use assets, and other long-term assets, net.

	Year Ended December 31,
(in thousands)	2021		2020		2019
Geographic net sales:
United States	$	1,328,754	$	1,322,728	$	1,508,966
Singapore		326,688	$	222,285	$	199,934
Other Asia		202,792		168,500		191,095
Europe		285,017		240,672		266,216
Other		112,068		98,946		101,884
	$	2,255,319	$	2,053,131	$	2,268,095
Long-lived assets:
United States	$	240,430	$	235,193	$	247,074
Asia		65,327		69,669		76,507
Europe		29,588		18,002		20,258
Other		22,303		21,980		23,563
	$	357,648	$	344,844	$	367,402