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Revenue (Tables)
9 Months Ended
Sep. 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 September 30, 2023

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

28,504

 

 

$

94,939

 

 

$

30,198

 

 

$

153,641

 

A&D

 

 

84,821

 

 

 

8,833

 

 

 

6,033

 

 

 

99,687

 

Medical

 

 

92,509

 

 

 

46,968

 

 

 

9,653

 

 

 

149,130

 

Semi-Cap

 

 

65,920

 

 

 

75,103

 

 

 

24,231

 

 

 

165,254

 

Advanced Computing

 

 

60,748

 

 

 

4,976

 

 

 

 

 

 

65,724

 

Next Generation Communications

 

 

52,677

 

 

 

33,582

 

 

 

 

 

 

86,259

 

External revenue

 

 

385,179

 

 

 

264,401

 

 

 

70,115

 

 

 

719,695

 

Elimination of intersegment sales

 

 

14,177

 

 

 

10,762

 

 

 

1,297

 

 

 

26,236

 

Segment revenue

 

$

399,356

 

 

$

275,163

 

 

$

71,412

 

 

$

745,931

 

 

 

 

Nine Months Ended September 30, 2023

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market sector:

 

 

 

 

 

 

 

 

 

 

 

 

Industrials

 

$

96,390

 

 

$

270,369

 

 

$

97,245

 

 

$

464,004

 

A&D

 

 

215,185

 

 

 

25,655

 

 

 

18,426

 

 

 

259,266

 

Medical

 

 

251,001

 

 

 

146,136

 

 

 

33,978

 

 

 

431,115

 

Semi-Cap

 

 

189,939

 

 

 

216,522

 

 

 

71,369

 

 

 

477,830

 

Advanced Computing

 

 

224,424

 

 

 

18,679

 

 

 

 

 

 

243,103

 

Next Generation Communications

 

 

156,592

 

 

 

115,656

 

 

 

56

 

 

 

272,304

 

External revenue

 

 

1,133,531

 

 

 

793,017

 

 

 

221,074

 

 

 

2,147,622

 

Elimination of intersegment sales

 

 

67,252

 

 

 

37,039

 

 

 

2,783

 

 

 

107,074

 

Segment revenue

 

$

1,200,783

 

 

$

830,056

 

 

$

223,857

 

 

$

2,254,696

 

 

 

 

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

 

Advanced Computing

 

 

78,438

 

 

 

16,124

 

 

 

 

 

 

94,562

 

Next Generation Communications

 

 

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

 

Advanced Computing

 

 

180,109

 

 

 

38,145

 

 

 

 

 

 

218,254

 

Next Generation Communications

 

 

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

 

 

Significant Changes in Contract Assets

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

 

 

 

Nine Months Ended
September 30,

 

(in thousands)

 

2023

 

 

2022

 

Beginning balance

 

$

183,613

 

 

$

155,243

 

Revenue recognized

 

 

1,911,958

 

 

 

1,937,398

 

Amounts collected or invoiced

 

 

(1,905,486

)

 

 

(1,904,911

)

Ending balance

 

$

190,085

 

 

$

187,730