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Revenue (Tables)
3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue

In the following tables, revenue is disaggregated by market sector. The tables also include a reconciliation of the disaggregated revenue with the reportable operating segments. Elimination of intersegment sales includes intersegment sales between reportable operating segments.

 

 

 

Reportable Operating Segments

 

 

 

Three Months Ended March 31, 2022

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market Sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

18,726

 

 

$

84,458

 

 

$

33,962

 

 

$

137,146

 

A&D

 

 

68,701

 

 

 

7,015

 

 

 

5,471

 

 

 

81,187

 

Medical

 

 

67,979

 

 

 

38,993

 

 

 

9,901

 

 

 

116,873

 

Semi-Cap

 

 

66,323

 

 

 

96,818

 

 

 

20,296

 

 

 

183,437

 

Computing

 

 

44,626

 

 

 

10,430

 

 

 

 

 

 

55,056

 

Telecommunications

 

 

27,514

 

 

 

34,765

 

 

 

105

 

 

 

62,384

 

External revenue

 

 

293,869

 

 

 

272,479

 

 

 

69,735

 

 

 

636,083

 

Elimination of intersegment sales

 

 

11,711

 

 

 

14,767

 

 

 

606

 

 

 

27,084

 

Segment revenue

 

$

305,580

 

 

$

287,246

 

 

$

70,341

 

 

$

663,167

 

 

 

 

Three Months Ended March 31, 2021

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market Sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

20,996

 

 

$

55,410

 

 

$

19,046

 

 

$

95,452

 

A&D

 

 

83,487

 

 

 

 

 

 

5,894

 

 

 

89,381

 

Medical

 

 

47,424

 

 

 

40,784

 

 

 

19,982

 

 

 

108,190

 

Semi-Cap

 

 

48,866

 

 

 

48,761

 

 

 

15,483

 

 

 

113,110

 

Computing

 

 

35,338

 

 

 

8,348

 

 

 

 

 

 

43,686

 

Telecommunications

 

 

29,958

 

 

 

25,719

 

 

 

225

 

 

 

55,902

 

External revenue

 

 

266,069

 

 

 

179,022

 

 

 

60,630

 

 

 

505,721

 

Elimination of intersegment sales

 

 

10,769

 

 

 

9,282

 

 

 

250

 

 

 

20,301

 

Segment revenue

 

$

276,838

 

 

$

188,304

 

 

$

60,880

 

 

$

526,022

 

 

Significant Changes in Contract Assets

Significant changes in the contract asset balance during the period are as follows:

 

 

 

Three Months Ended
March 31,

 

(in thousands)

 

2022

 

 

2021

 

Beginning balance as of December 31

 

$

155,243

 

 

$

142,779

 

Revenue recognized

 

 

569,191

 

 

 

455,753

 

Amounts collected or invoiced

 

 

(555,759

)

 

 

(450,327

)

Ending balance as of March 31

 

$

168,675

 

 

$

148,205