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Revenue (Tables)
9 Months Ended
Sep. 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 September 30, 2022

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market Sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

29,504

 

 

$

90,469

 

 

$

35,305

 

 

$

155,278

 

A&D

 

 

69,700

 

 

 

13,514

 

 

 

3,024

 

 

 

86,238

 

Medical

 

 

85,609

 

 

 

67,956

 

 

 

11,981

 

 

 

165,546

 

Semi-Cap

 

 

77,123

 

 

 

91,907

 

 

 

17,295

 

 

 

186,325

 

Computing

 

 

78,438

 

 

 

16,124

 

 

 

 

 

 

94,562

 

Telecommunications

 

 

43,012

 

 

 

40,487

 

 

 

127

 

 

 

83,626

 

External revenue

 

 

383,386

 

 

 

320,457

 

 

 

67,732

 

 

 

771,575

 

Elimination of intersegment sales

 

 

17,519

 

 

 

17,269

 

 

 

668

 

 

 

35,456

 

Segment revenue

 

$

400,905

 

 

$

337,726

 

 

$

68,400

 

 

$

807,031

 

 

 

 

Nine Months Ended September 30, 2022

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market Sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

71,171

 

 

$

275,422

 

 

$

104,667

 

 

$

451,260

 

A&D

 

 

216,204

 

 

 

29,196

 

 

 

11,922

 

 

 

257,322

 

Medical

 

 

240,467

 

 

 

176,408

 

 

 

31,778

 

 

 

448,653

 

Semi-Cap

 

 

212,152

 

 

 

274,703

 

 

 

57,806

 

 

 

544,661

 

Computing

 

 

180,109

 

 

 

38,145

 

 

 

 

 

 

218,254

 

Telecommunications

 

 

108,077

 

 

 

107,228

 

 

 

232

 

 

 

215,537

 

External revenue

 

 

1,028,180

 

 

 

901,102

 

 

 

206,405

 

 

 

2,135,687

 

Elimination of intersegment sales

 

 

38,580

 

 

 

44,332

 

 

 

2,186

 

 

 

85,098

 

Segment revenue

 

$

1,066,760

 

 

$

945,434

 

 

$

208,591

 

 

$

2,220,785

 

 

 

 

Three Months Ended September 30, 2021

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market Sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

19,907

 

 

$

69,436

 

 

$

18,849

 

 

$

108,192

 

A&D

 

 

95,940

 

 

 

827

 

 

 

4,071

 

 

 

100,838

 

Medical

 

 

64,357

 

 

 

43,480

 

 

 

9,956

 

 

 

117,793

 

Semi-Cap

 

 

53,732

 

 

 

63,733

 

 

 

16,111

 

 

 

133,576

 

Computing

 

 

46,804

 

 

 

9,742

 

 

 

11

 

 

 

56,557

 

Telecommunications

 

 

28,456

 

 

 

26,019

 

 

 

451

 

 

 

54,926

 

External revenue

 

 

309,196

 

 

 

213,237

 

 

 

49,449

 

 

 

571,882

 

Elimination of intersegment sales

 

 

9,920

 

 

 

11,194

 

 

 

535

 

 

 

21,649

 

Segment revenue

 

$

319,116

 

 

$

224,431

 

 

$

49,984

 

 

$

593,531

 

 

 

 

Nine Months Ended September 30, 2021

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market Sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

61,261

 

 

$

185,961

 

 

$

56,328

 

 

$

303,550

 

A&D

 

 

270,854

 

 

 

900

 

 

 

15,145

 

 

 

286,899

 

Medical

 

 

159,701

 

 

 

134,650

 

 

 

40,537

 

 

 

334,888

 

Semi-Cap

 

 

158,090

 

 

 

179,275

 

 

 

48,525

 

 

 

385,890

 

Computing

 

 

114,908

 

 

 

24,922

 

 

 

11

 

 

 

139,841

 

Telecommunications

 

 

90,421

 

 

 

79,960

 

 

 

816

 

 

 

171,197

 

External revenue

 

 

855,235

 

 

 

605,668

 

 

 

161,362

 

 

 

1,622,265

 

Elimination of intersegment sales

 

 

32,989

 

 

 

29,606

 

 

 

1,122

 

 

 

63,717

 

Segment revenue

 

$

888,224

 

 

$

635,274

 

 

$

162,484

 

 

$

1,685,982

 

 

Significant Changes in Contract Assets

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

 

 

 

Nine Months Ended
September 30,

 

(in thousands)

 

2022

 

 

2021

 

Beginning balance as of December 31

 

$

155,243

 

 

$

142,779

 

Revenue recognized

 

 

1,937,398

 

 

 

1,463,872

 

Amounts collected or invoiced

 

 

(1,904,911

)

 

 

(1,446,457

)

Ending balance as of September 30

 

$

187,730

 

 

$

160,194