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Segment And Geographic Information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Operating Segments Information about operating segments is as follows:

 

 

 

Year Ended
December 31,

 

(in thousands)

 

2022

 

 

2021

 

 

2020

 

Net sales:

 

 

 

 

 

 

 

 

 

Americas

 

$

1,475,929

 

 

$

1,203,544

 

 

$

1,209,032

 

Asia

 

 

1,251,475

 

 

 

912,560

 

 

 

746,661

 

Europe

 

 

284,103

 

 

 

228,834

 

 

 

174,547

 

Elimination of intersegment sales

 

 

(125,176

)

 

 

(89,619

)

 

 

(77,109

)

 

 

$

2,886,331

 

 

$

2,255,319

 

 

$

2,053,131

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

Americas

 

$

19,574

 

 

$

20,589

 

 

$

22,802

 

Asia

 

 

10,192

 

 

 

10,660

 

 

 

11,018

 

Europe

 

 

3,289

 

 

 

2,878

 

 

 

2,842

 

Corporate

 

 

11,197

 

 

 

10,025

 

 

 

12,130

 

 

 

$

44,252

 

 

$

44,152

 

 

$

48,792

 

Income from operations:

 

 

 

 

 

 

 

 

 

Americas

 

$

55,202

 

 

$

45,807

 

 

$

32,629

 

Asia

 

 

134,649

 

 

 

90,725

 

 

 

63,880

 

Europe

 

 

16,889

 

 

 

11,054

 

 

 

6,077

 

Corporate and intersegment eliminations

 

 

(116,671

)

 

 

(94,524

)

 

 

(77,452

)

 

 

 

90,069

 

 

 

53,062

 

 

 

25,134

 

Interest expense

 

 

(12,894

)

 

 

(8,472

)

 

 

(8,364

)

Interest income

 

 

1,730

 

 

 

540

 

 

 

1,196

 

Other expense

 

 

5,437

 

 

 

277

 

 

 

(673

)

Income before income taxes

 

$

84,342

 

 

$

45,407

 

 

$

17,293

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

Americas

 

$

30,105

 

 

$

28,673

 

 

$

24,392

 

Asia

 

 

10,534

 

 

 

4,253

 

 

 

7,836

 

Europe

 

 

4,509

 

 

 

6,072

 

 

 

1,838

 

Corporate

 

 

1,626

 

 

 

3,179

 

 

 

5,453

 

 

 

$

46,774

 

 

$

42,177

 

 

$

39,519

 

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

(in thousands)

 

2022

 

 

2021

 

 

2020

 

Total assets:

 

 

 

 

 

 

 

 

 

Americas

 

$

1,055,533

 

 

$

885,574

 

 

$

777,658

 

Asia

 

 

764,164

 

 

 

663,881

 

 

 

532,793

 

Europe

 

 

183,443

 

 

 

178,263

 

 

 

146,277

 

Corporate

 

 

224,191

 

 

 

176,162

 

 

 

287,507

 

 

 

$

2,227,331

 

 

$

1,903,880

 

 

$

1,744,235

 

 

Schedule of Geographic Net Sales and Long-Lived Assets

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)

 

2022

 

 

2021

 

 

2020

 

Geographic net sales:

 

 

 

 

 

 

 

 

 

United States

 

$

1,569,232

 

 

$

1,328,754

 

 

$

1,322,728

 

Singapore

 

 

457,889

 

 

 

326,688

 

 

 

222,285

 

Other Asia

 

 

332,144

 

 

 

202,792

 

 

 

168,500

 

Europe

 

 

387,276

 

 

 

285,017

 

 

 

240,672

 

Other

 

 

139,790

 

 

 

112,068

 

 

 

98,946

 

 

 

$

2,886,331

 

 

$

2,255,319

 

 

$

2,053,131

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

(in thousands)

 

2022

 

 

2021

 

 

2020

 

Long-lived assets:

 

 

 

 

 

 

 

 

 

United States

 

$

249,409

 

 

$

240,430

 

 

$

235,193

 

Asia

 

 

68,283

 

 

 

65,327

 

 

 

69,669

 

Europe

 

 

29,338

 

 

 

29,588

 

 

 

18,002

 

Other

 

 

23,801

 

 

 

22,303

 

 

 

21,980

 

 

 

$

370,831

 

 

$

357,648

 

 

$

344,844