Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Operating Segments

Information about the Company’s operating segments follows:

	Three Months Ended March 31, 2025
(in thousands)	Americas			Asia		Europe		Total
Sales from external customers	$	274,126		$	273,734	$	83,904	$	631,764
Intersegment sales		10,152			10,305		2,375		22,832
	$	284,278		$	284,039	$	86,279	$	654,596
Reconciliation of sales
Elimination of intersegment sales									(22,832	)
Sales								$	631,764
Less:
Cost of sales		259,657			231,557		73,632
Selling, general and administrative expenses		7,480			3,534		2,269
Other(1)		11,417			6		—
Segment income from operations	$	(4,428	)	$	38,637	$	8,003	$	42,212
Reconciliation of income before income taxes
Other - corporate and eliminations(2)									(30,453	)
Interest expense									(5,295	)
Interest income									2,732
Other (expense) income, net									(802	)
Income before income taxes								$	8,394

	Three Months Ended March 31, 2024
(in thousands)	Americas		Asia		Europe		Total
Sales from external customers	$	348,666	$	248,852	$	78,057	$	675,575
Intersegment sales		23,663		8,964		2,439		35,066
	$	372,329	$	257,816	$	80,496	$	710,641
Reconciliation of sales
Elimination of intersegment sales								(35,066	)
Sales							$	675,575
Less:
Cost of sales		327,788		211,660		69,060
Selling, general and administrative expenses		7,971		3,038		2,220
Other(1)		2,740		377		—
Segment income from operations	$	10,167	$	33,777	$	6,777	$	50,721
Reconciliation of income before income taxes
Other - corporate and eliminations(2)								(25,192	)
Interest expense								(7,245	)
Interest income								1,992
Other (expense) income, net								(1,177	)
Income before income taxes							$	19,099

(1) Includes expenses for amortization of intangible assets and restructuring charges and other costs.

(2) Includes corporate expenses for unallocated expenses, amortization of intangible assets, restructuring charges and other costs and elimination of intersegment cost of sales.

	Three Months Ended March 31,
(in thousands)	2025		2024
Depreciation and amortization:
Americas	$	5,212	$	5,425
Asia		2,743		2,524
Europe		983		881
Corporate		2,830		2,764
Total depreciation and amortization	$	11,768	$	11,594
Capital expenditures:
Americas	$	1,119	$	1,783
Asia		1,619		2,505
Europe		502		1,024
Corporate		916		591
Total capital expenditures	$	4,156	$	5,903

	March 31,		December 31,
(in thousands)	2025		2024
Assets:
Americas	$	856,521	$	866,595
Asia		833,794		821,252
Europe		228,407		225,872
Corporate		216,897		225,745
Total assets	$	2,135,619	$	2,139,464

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)	2025		2024
Geographic sales:
United States	$	326,642	$	396,419
Singapore		139,959		101,238
Other Asia		51,444		59,896
Europe		97,752		98,022
Other		15,967		20,000
Total sales	$	631,764	$	675,575

	March 31,		December 31,
(in thousands)	2025		2024
Long-lived assets:
United States	$	211,361	$	215,536
Asia		89,100		89,249
Europe		40,250		39,936
Other		62,293		64,506
Total long-lived assets	$	403,004	$	409,227