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Segment And Geographic Information (Tables)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule Of Operating Segments

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

(in thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

399,356

 

 

$

400,905

 

 

$

1,200,783

 

 

$

1,066,760

 

Asia

 

 

275,163

 

 

 

337,726

 

 

 

830,056

 

 

 

945,434

 

Europe

 

 

71,412

 

 

 

68,400

 

 

 

223,857

 

 

 

208,591

 

Elimination of intersegment sales

 

 

(26,236

)

 

 

(35,456

)

 

 

(107,074

)

 

 

(85,098

)

 

$

719,695

 

 

$

771,575

 

 

$

2,147,622

 

 

$

2,135,687

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

5,302

 

 

$

4,895

 

 

$

15,564

 

 

$

14,522

 

Asia

 

 

2,496

 

 

 

2,570

 

 

 

7,232

 

 

 

7,668

 

Europe

 

 

806

 

 

 

822

 

 

 

2,394

 

 

 

2,440

 

Corporate

 

 

2,950

 

 

 

2,838

 

 

 

8,913

 

 

 

8,357

 

 

$

11,554

 

 

$

11,125

 

 

$

34,103

 

 

$

32,987

 

Income from operations:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

18,278

 

 

$

14,608

 

 

$

45,524

 

 

$

41,094

 

Asia

 

 

37,526

 

 

 

33,662

 

 

 

91,908

 

 

 

91,320

 

Europe

 

 

3,945

 

 

 

4,880

 

 

 

13,991

 

 

 

10,526

 

Corporate and intersegment eliminations

 

 

(29,408

)

 

 

(27,866

)

 

 

(73,859

)

 

 

(79,817

)

 

 

30,341

 

 

 

25,284

 

 

 

77,564

 

 

 

63,123

 

Interest expense

 

 

(8,475

)

 

 

(3,493

)

 

 

(23,183

)

 

 

(7,428

)

Interest income

 

 

1,343

 

 

 

452

 

 

 

4,223

 

 

 

843

 

Other income, net

 

 

2,384

 

 

 

1,087

 

 

 

280

 

 

 

1,577

 

Income before income taxes

 

$

25,593

 

 

$

23,330

 

 

$

58,884

 

 

$

58,115

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

6,762

 

 

$

5,495

 

 

$

35,351

 

 

$

20,587

 

Asia

 

 

10,529

 

 

 

1,104

 

 

 

21,153

 

 

 

7,151

 

Europe

 

 

1,118

 

 

 

590

 

 

 

3,911

 

 

 

3,839

 

Corporate

 

 

1,255

 

 

 

1,434

 

 

 

6,298

 

 

 

2,017

 

 

$

19,664

 

 

$

8,623

 

 

$

66,713

 

 

$

33,594

 

 

 

 

 

 

 

 

September 30,

 

 

December 31,

 

(in thousands)

 

 

 

 

 

2023

 

 

2022

 

Total assets:

 

 

 

 

 

 

 

 

 

 

Americas

 

 

 

 

 

$

1,115,465

 

 

$

1,055,533

 

Asia

 

 

 

 

 

 

793,215

 

 

 

764,164

 

Europe

 

 

 

 

 

 

202,054

 

 

 

183,443

 

Corporate

 

 

 

 

 

 

222,411

 

 

 

224,191

 

 

 

 

 

 

 

$

2,333,145

 

 

$

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
September 30,

 

 

Nine Months Ended
September 30,

 

(in thousands)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Geographic net sales:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

436,842

 

 

$

423,183

 

 

$

1,308,935

 

 

$

1,154,135

 

Singapore

 

 

96,563

 

 

 

126,178

 

 

 

294,453

 

 

 

348,134

 

Other Asia

 

 

56,689

 

 

 

90,681

 

 

 

158,580

 

 

 

251,396

 

Europe

 

 

99,125

 

 

 

91,086

 

 

 

304,910

 

 

 

287,056

 

Other

 

 

30,476

 

 

 

40,447

 

 

 

80,744

 

 

 

94,966

 

 

 

$

719,695

 

 

$

771,575

 

 

$

2,147,622

 

 

$

2,135,687

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

December 31,

 

(in thousands)

 

 

 

 

 

 

 

2023

 

 

2022

 

Long-lived assets:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

 

 

 

 

 

 

$

239,958

 

 

$

249,409

 

Asia

 

 

 

 

 

 

 

 

80,070

 

 

 

68,283

 

Europe

 

 

 

 

 

 

 

 

30,558

 

 

 

29,338

 

Other

 

 

 

 

 

 

 

 

67,184

 

 

 

23,801

 

 

 

 

 

 

 

 

 

$

417,770

 

 

$

370,831