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Segment And Geographic Information (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule Of Operating Segments Information about operating segments is as follows:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(in thousands)

2023

 

 

2022

 

 

2023

 

 

2022

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

Americas

$

404,220

 

 

$

360,275

 

 

$

801,427

 

 

$

665,855

 

Asia

 

286,850

 

 

 

320,462

 

 

 

554,893

 

 

 

607,708

 

Europe

 

74,590

 

 

 

69,850

 

 

 

152,445

 

 

 

140,191

 

Elimination of intersegment sales

 

(32,428

)

 

 

(22,558

)

 

 

(80,838

)

 

 

(49,642

)

$

733,232

 

 

$

728,029

 

 

$

1,427,927

 

 

$

1,364,112

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

Americas

$

5,130

 

 

$

4,772

 

 

$

10,262

 

 

$

9,627

 

Asia

 

2,385

 

 

 

2,551

 

 

 

4,736

 

 

 

5,098

 

Europe

 

810

 

 

 

814

 

 

 

1,588

 

 

 

1,618

 

Corporate

 

3,124

 

 

 

2,828

 

 

 

5,963

 

 

 

5,519

 

$

11,449

 

 

$

10,965

 

 

$

22,549

 

 

$

21,862

 

Income from operations:

 

 

 

 

 

 

 

 

 

 

 

Americas

$

13,915

 

 

$

16,121

 

 

$

27,246

 

 

$

26,486

 

Asia

 

25,598

 

 

 

29,852

 

 

 

54,382

 

 

 

57,658

 

Europe

 

3,360

 

 

 

1,008

 

 

 

10,046

 

 

 

5,646

 

Corporate and intersegment eliminations

 

(18,392

)

 

 

(24,549

)

 

 

(44,451

)

 

 

(51,951

)

 

24,481

 

 

 

22,432

 

 

 

47,223

 

 

 

37,839

 

Interest expense

 

(8,258

)

 

 

(2,185

)

 

 

(14,708

)

 

 

(3,935

)

Interest income

 

1,622

 

 

 

261

 

 

 

2,880

 

 

 

391

 

Other expense

 

61

 

 

 

784

 

 

 

(2,104

)

 

 

490

 

Income before income taxes

$

17,906

 

 

$

21,292

 

 

$

33,291

 

 

$

34,785

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

Americas

$

5,480

 

 

$

2,576

 

 

$

28,589

 

 

$

15,092

 

Asia

 

3,076

 

 

 

2,119

 

 

 

10,624

 

 

 

6,047

 

Europe

 

1,105

 

 

 

1,452

 

 

 

2,793

 

 

 

3,249

 

Corporate

 

(1,343

)

 

 

849

 

 

 

5,043

 

 

 

583

 

$

8,318

 

 

$

6,996

 

 

$

47,049

 

 

$

24,971

 

 

 

 

 

 

 

June 30,

 

 

December 31,

 

(in thousands)

 

 

 

 

2023

 

 

2022

 

Total assets:

 

 

 

 

 

 

 

 

 

Americas

 

 

 

 

$

1,094,585

 

 

$

1,055,533

 

Asia

 

 

 

 

 

809,277

 

 

 

764,164

 

Europe

 

 

 

 

 

203,263

 

 

 

183,443

 

Corporate

 

 

 

 

 

200,338

 

 

 

224,191

 

 

 

 

 

 

$

2,307,463

 

 

$

2,227,331

 

 

 

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.

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(in thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Geographic net sales:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

440,908

 

 

$

401,842

 

 

$

872,093

 

 

$

730,952

 

Singapore

 

 

110,934

 

 

 

116,284

 

 

 

197,890

 

 

 

221,956

 

Other Asia

 

 

56,638

 

 

 

85,805

 

 

 

101,891

 

 

 

160,715

 

Europe

 

 

101,092

 

 

 

96,705

 

 

 

205,785

 

 

 

195,970

 

Other

 

 

23,660

 

 

 

27,393

 

 

 

50,268

 

 

 

54,519

 

 

 

$

733,232

 

 

$

728,029

 

 

$

1,427,927

 

 

$

1,364,112

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

December 31,

 

(in thousands)

 

 

 

 

 

 

 

2023

 

 

2022

 

Long-lived assets:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

 

 

 

 

 

 

$

241,818

 

 

$

249,409

 

Asia

 

 

 

 

 

 

 

 

72,986

 

 

 

68,283

 

Europe

 

 

 

 

 

 

 

 

29,116

 

 

 

29,338

 

Other

 

 

 

 

 

 

 

 

35,805

 

 

 

23,801

 

 

 

 

 

 

 

 

 

$

379,725

 

 

$

370,831