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Revenue (Tables)
6 Months Ended
Jun. 30, 2023
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, 2023

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market Sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

38,838

 

 

$

95,378

 

 

$

32,621

 

 

$

166,837

 

A&D

 

 

64,062

 

 

 

8,899

 

 

 

7,203

 

 

 

80,164

 

Medical

 

 

90,210

 

 

 

45,010

 

 

 

9,716

 

 

 

144,936

 

Semi-Cap

 

 

63,070

 

 

 

76,682

 

 

 

24,355

 

 

 

164,107

 

Advanced Computing

 

 

75,072

 

 

 

6,309

 

 

 

 

 

 

81,381

 

Next Generation Communications

 

 

52,526

 

 

 

43,271

 

 

 

10

 

 

 

95,807

 

External revenue

 

 

383,778

 

 

 

275,549

 

 

 

73,905

 

 

 

733,232

 

Elimination of intersegment sales

 

 

20,442

 

 

 

11,301

 

 

 

685

 

 

 

32,428

 

Segment revenue

 

$

404,220

 

 

$

286,850

 

 

$

74,590

 

 

$

765,660

 

 

 

 

Six Months Ended June 30, 2023

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market Sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

67,886

 

 

$

175,430

 

 

$

67,047

 

 

$

310,363

 

A&D

 

 

130,364

 

 

 

16,822

 

 

 

12,393

 

 

 

159,579

 

Medical

 

 

158,492

 

 

 

99,168

 

 

 

24,325

 

 

 

281,985

 

Semi-Cap

 

 

124,019

 

 

 

141,419

 

 

 

47,138

 

 

 

312,576

 

Advanced Computing

 

 

163,676

 

 

 

13,703

 

 

 

 

 

 

177,379

 

Next Generation Communications

 

 

103,915

 

 

 

82,074

 

 

 

56

 

 

 

186,045

 

External revenue

 

 

748,352

 

 

 

528,616

 

 

 

150,959

 

 

 

1,427,927

 

Elimination of intersegment sales

 

 

53,075

 

 

 

26,277

 

 

 

1,486

 

 

 

80,838

 

Segment revenue

 

$

801,427

 

 

$

554,893

 

 

$

152,445

 

 

$

1,508,765

 

 

 

 

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

 

Advanced Computing

 

 

57,045

 

 

 

11,591

 

 

 

 

 

 

68,636

 

Next Generation Communications

 

 

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

 

Advanced Computing

 

 

101,671

 

 

 

22,021

 

 

 

 

 

 

123,692

 

Next Generation Communications

 

 

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

 

 

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)

 

2023

 

 

2022

 

Beginning balance

 

$

183,613

 

 

$

155,243

 

Revenue recognized

 

 

1,300,085

 

 

 

1,233,229

 

Amounts collected or invoiced

 

 

(1,297,821

)

 

 

(1,209,300

)

Ending balance

 

$

185,877

 

 

$

179,172