Three Months Ended
June 30,

Six Months Ended
June 30,

(in thousands)

2024

2023

2024

2023

Sales:

Americas

$

343,141

$

404,220

$

715,470

$

801,427

Asia

257,670

286,850

515,486

554,893

Europe

85,856

74,590

166,352

152,445

Elimination of intersegment sales

(20,771

)

(32,428

)

(55,837

)

(80,838

)

Total sales

$

665,896

$

733,232

$

1,341,471

$

1,427,927

Depreciation and amortization:

Americas

$

5,254

$

5,130

$

10,679

$

10,262

Asia

2,513

2,385

5,037

4,736

Europe

862

810

1,743

1,588

Corporate

2,803

3,124

5,567

5,963

Total depreciation and amortization

$

11,432

$

11,449

$

23,026

$

22,549

Income from operations:

Americas

$

12,197

$

13,915

$

25,163

$

27,246

Asia

32,129

25,598

65,906

54,382

Europe

6,628

3,360

13,405

10,046

Corporate and intersegment eliminations

(23,701

)

(18,392

)

(51,692

)

(44,451

)

Total income from operations

27,253

24,481

52,782

47,223

Interest expense

(6,933

)

(8,258

)

(14,178

)

(14,708

)

Interest income

2,526

1,622

4,518

2,880

Other (expense) income, net

(2,323

)

61

(3,500

)

(2,104

)

Income before income taxes

$

20,523

$

17,906

$

39,622

$

33,291

Capital expenditures:

Americas

$

3,833

$

5,480

$

5,616

$

28,589

Asia

2,365

3,076

4,870

10,624

Europe

1,037

1,105

2,061

2,793

Corporate

1,269

(1,343

)

1,860

5,043

Total capital expenditures

$

8,504

$

8,318

$

14,407

$

47,049