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Segment And Geographic Information (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Operating Segments

Information about the Company’s operating segments follows:

 

 

 

Three Months Ended
March 31,

 

(in thousands)

 

2024

 

 

2023

 

Sales:

 

 

 

 

 

 

Americas

 

$

372,329

 

 

$

397,207

 

Asia

 

 

257,816

 

 

 

268,043

 

Europe

 

 

80,496

 

 

 

77,855

 

Elimination of intersegment sales

 

 

(35,066

)

 

 

(48,410

)

Total sales

 

$

675,575

 

 

$

694,695

 

Depreciation and amortization:

 

 

 

 

 

 

Americas

 

$

5,425

 

 

$

5,132

 

Asia

 

 

2,524

 

 

 

2,351

 

Europe

 

 

881

 

 

 

778

 

Corporate

 

 

2,764

 

 

 

2,839

 

Total depreciation and amortization

 

$

11,594

 

 

$

11,100

 

Income from operations:

 

 

 

 

 

 

Americas

 

$

12,966

 

 

$

13,331

 

Asia

 

 

33,777

 

 

 

28,784

 

Europe

 

 

6,777

 

 

 

6,686

 

Corporate and intersegment eliminations

 

 

(27,991

)

 

 

(26,059

)

Total income from operations

 

 

25,529

 

 

 

22,742

 

Interest expense

 

 

(7,245

)

 

 

(6,450

)

Interest income

 

 

1,992

 

 

 

1,258

 

Other expense, net

 

 

(1,177

)

 

 

(2,165

)

Income before income taxes

 

$

19,099

 

 

$

15,385

 

 

 

 

 

 

 

 

Capital expenditures:

 

 

 

 

 

 

Americas

 

$

1,783

 

 

$

23,109

 

Asia

 

 

2,505

 

 

 

7,548

 

Europe

 

 

1,024

 

 

 

1,688

 

Corporate

 

 

591

 

 

 

6,386

 

Total capital expenditures

 

$

5,903

 

 

$

38,731

 

 

 

 

March 31,

 

 

December 31,

 

(in thousands)

 

2024

 

 

2023

 

Assets:

 

 

 

 

 

 

Americas

 

$

979,782

 

 

$

1,064,047

 

Asia

 

 

792,327

 

 

 

769,744

 

Europe

 

 

220,436

 

 

 

222,591

 

Corporate

 

 

220,265

 

 

 

218,373

 

Total assets

 

$

2,212,810

 

 

$

2,274,755

 

Schedule of Geographic Sales and Long-Lived Assets

A summary of the Company’s geographic sales and long-lived assets follows:

 

 

 

Three Months Ended
March 31,

 

(in thousands)

 

2024

 

 

2023

 

Geographic sales:

 

 

 

 

 

 

United States

 

$

396,419

 

 

$

431,185

 

Singapore

 

 

101,238

 

 

 

86,956

 

Other Asia

 

 

59,896

 

 

 

45,253

 

Europe

 

 

98,022

 

 

 

104,693

 

Other

 

 

20,000

 

 

 

26,608

 

Total sales

 

$

675,575

 

 

$

694,695

 

 

 

 

March 31,

 

 

December 31,

 

(in thousands)

 

2024

 

 

2023

 

Long-lived assets:

 

 

 

 

 

 

United States

 

$

227,382

 

 

$

231,740

 

Asia

 

 

79,314

 

 

 

79,203

 

Europe

 

 

42,520

 

 

 

42,934

 

Other

 

 

64,992

 

 

 

66,072

 

Total long-lived assets

 

$

414,208

 

 

$

419,949