Segment and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Operating Segments

Information about the Company’s operating segments follows:

	Three Months Ended June 30, 2025
(in thousands)	Americas		Asia		Europe		Total
Sales from external customers	$	284,210	$	276,562	$	81,563	$	642,335
Intersegment sales		11,007		10,504		1,836		23,347
	$	295,217	$	287,066	$	83,399	$	665,682
Reconciliation of sales
Elimination of intersegment sales								(23,347	)
Sales							$	642,335
Less:
Cost of sales		263,884		238,874		72,474
Selling, general and administrative expenses		7,349		3,850		2,440
Other(1)		2,200		6		—
Segment income from operations	$	10,777	$	33,832	$	6,649	$	51,258
Reconciliation of income before income taxes
Other - corporate and eliminations(2)								(30,772	)
Interest expense								(6,348	)
Interest income								3,135
Other expense, net								(666	)
Income before income taxes							$	16,607

	Six Months Ended June 30, 2025
(in thousands)	Americas		Asia		Europe		Total
Sales from external customers	$	558,336	$	550,296	$	165,467	$	1,274,099
Intersegment sales		21,159		20,809		4,211		46,179
	$	579,495	$	571,105	$	169,678	$	1,320,278
Reconciliation of sales
Elimination of intersegment sales								(46,179	)
Sales							$	1,274,099
Less:
Cost of sales		523,541		470,431		146,106
Selling, general and administrative expenses		14,829		7,384		4,709
Other(1)		13,617		12		—
Segment income from operations	$	6,349	$	72,469	$	14,652	$	93,470
Reconciliation of income before income taxes
Other - corporate and eliminations(2)								(61,225	)
Interest expense								(11,643	)
Interest income								5,867
Other expense, net								(1,468	)
Income before income taxes							$	25,001

	Three Months Ended June 30, 2024
(in thousands)	Americas		Asia			Europe		Total
Sales from external customers	$	333,066	$	249,454		$	83,376	$	665,896
Intersegment sales		10,075		8,216			2,480		20,771
	$	343,141	$	257,670		$	85,856	$	686,667
Reconciliation of sales
Elimination of intersegment sales									(20,771	)
Sales								$	665,896
Less:
Cost of sales		310,768		213,875			74,278
Selling, general and administrative expenses		8,024		3,452			2,466
Other(1)		1,088		(2	)		4
Segment income from operations	$	13,186	$	32,129		$	6,628	$	51,943
Reconciliation of income before income taxes
Other - corporate and eliminations(2)									(24,690	)
Interest expense									(6,933	)
Interest income									2,526
Other expense, net									(2,323	)
Income before income taxes								$	20,523

	Six Months Ended June 30, 2024
(in thousands)	Americas		Asia		Europe		Total
Sales from external customers	$	681,732	$	498,306	$	161,433	$	1,341,471
Intersegment sales		33,738		17,180		4,919		55,837
	$	715,470	$	515,486	$	166,352	$	1,397,308
Reconciliation of sales
Elimination of intersegment sales								(55,837	)
Sales							$	1,341,471
Less:
Cost of sales		638,556		425,535		143,338
Selling, general and administrative expenses		15,995		6,490		4,686
Other(1)		3,828		375		4
Segment income from operations	$	23,353	$	65,906	$	13,405	$	102,664
Reconciliation of income before income taxes
Other - corporate and eliminations(2)								(49,882	)
Interest expense								(14,178	)
Interest income								4,518
Other expense, net								(3,500	)
Income before income taxes							$	39,622

(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 June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Depreciation and amortization:
Americas	$	5,255	$	5,254	$	10,467	$	10,679
Asia		2,865		2,513		5,608		5,037
Europe		1,006		862		1,989		1,743
Corporate		2,891		2,803		5,721		5,567
Total depreciation and amortization	$	12,017	$	11,432	$	23,785	$	23,026
Capital expenditures:
Americas	$	5,241	$	3,833	$	6,360	$	5,616
Asia		4,243		2,365		5,862		4,870
Europe		1,722		1,037		2,224		2,061
Corporate		1,098		1,269		2,014		1,860
Total capital expenditures	$	12,304	$	8,504	$	16,460	$	14,407

	June 30,		December 31,
(in thousands)	2025		2024
Assets:
Americas	$	813,697	$	866,595
Asia		708,695		821,252
Europe		245,037		225,872
Corporate		263,416		225,745
Total assets	$	2,030,845	$	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 June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Geographic sales:
United States	$	331,161	$	387,720	$	657,803	$	784,139
Singapore		130,788		105,070		270,747		206,308
Other Asia		61,841		44,880		113,285		104,776
Europe		101,884		103,278		199,636		201,300
Other		16,661		24,948		32,628		44,948
Total sales	$	642,335	$	665,896	$	1,274,099	$	1,341,471

	June 30,		December 31,
(in thousands)	2025		2024
Long-lived assets:
United States	$	213,219	$	215,536
Asia		89,424		89,249
Europe		41,267		39,936
Other		60,404		64,506
Total long-lived assets	$	404,314	$	409,227