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Revenue (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2022

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market Sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

22,941

 

 

$

100,495

 

 

$

35,400

 

 

$

158,836

 

A&D

 

 

77,803

 

 

 

8,667

 

 

 

3,427

 

 

 

89,897

 

Medical

 

 

86,879

 

 

 

69,459

 

 

 

9,896

 

 

 

166,234

 

Semi-Cap

 

 

68,706

 

 

 

85,978

 

 

 

20,215

 

 

 

174,899

 

Computing

 

 

57,045

 

 

 

11,591

 

 

 

 

 

 

68,636

 

Telecommunications

 

 

37,551

 

 

 

31,976

 

 

 

 

 

 

69,527

 

External revenue

 

 

350,925

 

 

 

308,166

 

 

 

68,938

 

 

 

728,029

 

Elimination of intersegment sales

 

 

9,350

 

 

 

12,296

 

 

 

912

 

 

 

22,558

 

Segment revenue

 

$

360,275

 

 

$

320,462

 

 

$

69,850

 

 

$

750,587

 

 

 

 

Six Months Ended June 30, 2022

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market Sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

41,667

 

 

$

184,953

 

 

$

69,362

 

 

$

295,982

 

A&D

 

 

146,504

 

 

 

15,682

 

 

 

8,898

 

 

 

171,084

 

Medical

 

 

154,858

 

 

 

108,452

 

 

 

19,797

 

 

 

283,107

 

Semi-Cap

 

 

135,029

 

 

 

182,796

 

 

 

40,511

 

 

 

358,336

 

Computing

 

 

101,671

 

 

 

22,021

 

 

 

 

 

 

123,692

 

Telecommunications

 

 

65,065

 

 

 

66,741

 

 

 

105

 

 

 

131,911

 

External revenue

 

 

644,794

 

 

 

580,645

 

 

 

138,673

 

 

 

1,364,112

 

Elimination of intersegment sales

 

 

21,061

 

 

 

27,063

 

 

 

1,518

 

 

 

49,642

 

Segment revenue

 

$

665,855

 

 

$

607,708

 

 

$

140,191

 

 

$

1,413,754

 

 

 

 

Three Months Ended June 30, 2021

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market Sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

20,358

 

 

$

61,115

 

 

$

18,433

 

 

$

99,906

 

A&D

 

 

91,427

 

 

 

73

 

 

 

5,180

 

 

 

96,680

 

Medical

 

 

47,920

 

 

 

50,386

 

 

 

10,599

 

 

 

108,905

 

Semi-Cap

 

 

55,492

 

 

 

66,781

 

 

 

16,931

 

 

 

139,204

 

Computing

 

 

32,766

 

 

 

6,832

 

 

 

 

 

 

39,598

 

Telecommunications

 

 

32,007

 

 

 

28,222

 

 

 

140

 

 

 

60,369

 

External revenue

 

 

279,970

 

 

 

213,409

 

 

 

51,283

 

 

 

544,662

 

Elimination of intersegment sales

 

 

12,300

 

 

 

9,130

 

 

 

337

 

 

 

21,767

 

Segment revenue

 

$

292,270

 

 

$

222,539

 

 

$

51,620

 

 

$

566,429

 

 

 

 

Six Months Ended June 30, 2021

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market Sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

41,354

 

 

$

116,525

 

 

$

37,479

 

 

$

195,358

 

A&D

 

 

174,914

 

 

 

73

 

 

 

11,074

 

 

 

186,061

 

Medical

 

 

95,344

 

 

 

91,170

 

 

 

30,581

 

 

 

217,095

 

Semi-Cap

 

 

104,358

 

 

 

115,542

 

 

 

32,414

 

 

 

252,314

 

Computing

 

 

68,104

 

 

 

15,180

 

 

 

 

 

 

83,284

 

Telecommunications

 

 

61,965

 

 

 

53,941

 

 

 

365

 

 

 

116,271

 

External revenue

 

 

546,039

 

 

 

392,431

 

 

 

111,913

 

 

 

1,050,383

 

Elimination of intersegment sales

 

 

23,069

 

 

 

18,412

 

 

 

587

 

 

 

42,068

 

Segment revenue

 

$

569,108

 

 

$

410,843

 

 

$

112,500

 

 

$

1,092,451

 

 

Significant Changes in Contract Assets

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

 

 

 

Six Months Ended
June 30,

 

(in thousands)

 

2022

 

 

2021

 

Beginning balance as of December 31

 

$

155,243

 

 

$

142,779

 

Revenue recognized

 

 

1,233,229

 

 

 

944,052

 

Amounts collected or invoiced

 

 

(1,209,300

)

 

 

(932,202

)

Ending balance as of June 30

 

$

179,172

 

 

$

154,629