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Revenue (Tables)
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue

The following tables provide a summary of the Company's revenue disaggregated by market sector and a reconciliation of the disaggregated revenue to the Company's revenue by reportable operating segment:

 

 

 

Year Ended December 31, 2023

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market sector:

 

 

 

 

 

 

 

 

 

 

 

 

Complex Industrials

 

$

127,491

 

 

$

345,465

 

 

$

123,522

 

 

$

596,478

 

A&D

 

 

304,932

 

 

 

29,153

 

 

 

27,446

 

 

 

361,531

 

Medical

 

 

329,816

 

 

 

182,532

 

 

 

44,204

 

 

 

556,552

 

Semi-Cap

 

 

262,117

 

 

 

283,870

 

 

 

100,305

 

 

 

646,292

 

Advanced Computing

 

 

311,742

 

 

 

25,988

 

 

 

 

 

 

337,730

 

Next-Generation Communications

 

 

197,889

 

 

 

142,448

 

 

 

56

 

 

 

340,393

 

External revenue

 

 

1,533,987

 

 

 

1,009,456

 

 

 

295,533

 

 

 

2,838,976

 

Elimination of intersegment sales

 

 

77,796

 

 

 

46,482

 

 

 

4,302

 

 

 

128,580

 

Segment revenue

 

$

1,611,783

 

 

$

1,055,938

 

 

$

299,835

 

 

$

2,967,556

 

 

 

 

Year Ended December 31, 2022

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market sector:

 

 

 

 

 

 

 

 

 

 

 

 

Complex Industrials

 

$

89,949

 

 

$

363,398

 

 

$

140,258

 

 

$

593,605

 

A&D

 

 

286,230

 

 

 

43,701

 

 

 

17,654

 

 

 

347,585

 

Medical

 

 

319,823

 

 

 

228,571

 

 

 

44,500

 

 

 

592,894

 

Semi-Cap

 

 

286,322

 

 

 

357,634

 

 

 

78,146

 

 

 

722,102

 

Advanced Computing

 

 

258,206

 

 

 

52,301

 

 

 

2

 

 

 

310,509

 

Next-Generation Communications

 

 

170,424

 

 

 

148,772

 

 

 

440

 

 

 

319,636

 

External revenue

 

 

1,410,954

 

 

 

1,194,377

 

 

 

281,000

 

 

 

2,886,331

 

Elimination of intersegment sales

 

 

64,976

 

 

 

57,100

 

 

 

3,100

 

 

 

125,176

 

Segment revenue

 

$

1,475,930

 

 

$

1,251,477

 

 

$

284,100

 

 

$

3,011,507

 

 

 

 

Year Ended December 31, 2021

 

(in thousands)

 

Americas

 

 

Asia

 

 

Europe

 

 

Total

 

Market sector:

 

 

 

 

 

 

 

 

 

 

 

 

Complex Industrials

 

$

79,726

 

 

$

262,546

 

 

$

86,174

 

 

$

428,446

 

A&D

 

 

360,030

 

 

 

1,692

 

 

 

20,009

 

 

 

381,731

 

Medical

 

 

220,635

 

 

 

189,614

 

 

 

51,585

 

 

 

461,834

 

Semi-Cap

 

 

215,596

 

 

 

266,065

 

 

 

67,640

 

 

 

549,301

 

Advanced Computing

 

 

163,423

 

 

 

35,842

 

 

 

140

 

 

 

199,405

 

Next-Generation Communications

 

 

120,739

 

 

 

112,684

 

 

 

1,179

 

 

 

234,602

 

External revenue

 

 

1,160,149

 

 

 

868,443

 

 

 

226,727

 

 

 

2,255,319

 

Elimination of intersegment sales

 

 

43,395

 

 

 

44,117

 

 

 

2,107

 

 

 

89,619

 

Segment revenue

 

$

1,203,544

 

 

$

912,560

 

 

$

228,834

 

 

$

2,344,938

 

Changes In Contract Assets

A summary of activity related to the Company's contract assets follows:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2023

 

 

2022

 

Balance as of the beginning of the year

 

$

183,613

 

 

$

155,243

 

Revenue recognized

 

 

2,495,298

 

 

 

2,623,585

 

Amounts collected or invoiced

 

 

(2,503,932

)

 

 

(2,595,215

)

Balance as of the end of the year

 

$

174,979

 

 

$

183,613