Revenue (Tables)

6 Months Ended

Jun. 30, 2024

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:

	Three Months Ended June 30, 2024
(in thousands)	Americas		Asia		Europe		Total
Market sector:
Semi-Cap	$	54,471	$	85,258	$	32,135	$	171,864
Complex Industrials		35,671		79,276		26,756		141,703
Medical		56,014		42,952		12,585		111,551
A&D		94,262		2,680		11,898		108,840
AC&C		92,648		39,288		2		131,938
External revenue		333,066		249,454		83,376		665,896
Elimination of intersegment sales		10,075		8,216		2,480		20,771
Segment revenue	$	343,141	$	257,670	$	85,856	$	686,667

	Six Months Ended June 30, 2024
(in thousands)	Americas		Asia		Europe		Total
Market sector:
Semi-Cap	$	108,129	$	167,157	$	62,517	$	337,803
Complex Industrials		65,321		163,487		53,927		282,735
Medical		117,877		85,178		23,223		226,278
A&D		181,125		11,802		21,747		214,674
AC&C		209,280		70,682		19		279,981
External revenue		681,732		498,306		161,433		1,341,471
Elimination of intersegment sales		33,738		17,180		4,919		55,837
Segment revenue	$	715,470	$	515,486	$	166,352	$	1,397,308

	Three Months Ended June 30, 2023
(in thousands)	Americas		Asia		Europe		Total
Market sector:
Semi-Cap	$	63,070	$	76,682	$	24,355	$	164,107
Complex Industrials		38,838		95,378		32,621		166,837
Medical		90,210		45,010		9,716		144,936
A&D		64,062		8,899		7,203		80,164
AC&C		127,598		49,580		10		177,188
External revenue		383,778		275,549		73,905		733,232
Elimination of intersegment sales		20,442		11,301		685		32,428
Segment revenue	$	404,220	$	286,850	$	74,590	$	765,660

	Six Months Ended June 30, 2023
(in thousands)	Americas		Asia		Europe		Total
Market sector:
Semi-Cap	$	124,019	$	141,419	$	47,138	$	312,576
Complex Industrials		67,886		175,430		67,047		310,363
Medical		158,492		99,168		24,325		281,985
A&D		130,364		16,822		12,393		159,579
AC&C		267,591		95,777		56		363,424
External revenue		748,352		528,616		150,959		1,427,927
Elimination of intersegment sales		53,075		26,277		1,486		80,838
Segment revenue	$	801,427	$	554,893	$	152,445	$	1,508,765

Schedule of Contract Assets Activity

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

	Six Months Ended June 30,
(in thousands)	2024			2023
Balance as of the beginning of the year	$	174,979		$	183,613
Revenue recognized		1,153,907			1,300,085
Amounts collected or invoiced		(1,146,796	)		(1,297,821	)
Balance as of the end of the period	$	182,090		$	185,877