Segment And Geographic Information

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment And Geographic Information

Note 17 – Segment and Geographic Information

The Company currently has manufacturing facilities in the Americas, Asia and Europe to serve its customers. The Company is operated and managed geographically, and management evaluates performance and allocates the Company’s resources on a geographic basis. Intersegment sales are generally recorded at prices that approximate arm’s length transactions. Operating segments’ measure of profitability is based on income from operations. The accounting policies for the reportable operating segments are the same as for the Company taken as a whole. The

Company has three reportable operating segments: Americas, Asia, and Europe. Information about operating segments is as follows:

	Three Months Ended March 31,
(in thousands)	2021			2020
Net sales:
Americas	$	276,838		$	314,396
Asia		188,304			171,609
Europe		60,880			47,000
Elimination of intersegment sales		(20,301	)		(18,041	)
	$	505,721		$	514,964
Depreciation and amortization:
Americas	$	5,295		$	5,585
Asia		2,686			2,714
Europe		712			725
Corporate		2,362			3,168
	$	11,055		$	12,192
Income from operations:
Americas	$	8,234		$	12,425
Asia		17,352			10,998
Europe		5,238			2,189
Corporate and intersegment eliminations		(18,890	)		(19,122	)
		11,934			6,490
Interest expense		(2,149	)		(1,702	)
Interest income		165			599
Other income (expense)		(276	)		(662	)
Income before income taxes	$	9,674		$	4,725
Capital expenditures:
Americas	$	4,919		$	9,260
Asia		205			2,525
Europe		286			846
Corporate		1,012			265
	$	6,422		$	12,896

	March 31,		December 31,
(in thousands)	2021		2020
Total assets:
Americas	$	778,104	$	777,658
Asia		564,114		532,793
Europe		168,880		146,277
Corporate		249,655		287,507
	$	1,760,753	$	1,744,235

Geographic net sales information provided below reflects the destination of the product shipped. Long-lived assets information is based on the physical location of the asset and includes property, plant and equipment, net, operating lease right-of-use assets, and other long-term assets, net.

	Three Months Ended March 31,
(in thousands)	2021		2020
Geographic net sales:
United States	$	297,043	$	336,367
Singapore		63,157		54,621
Other Asia		38,845		38,319
Europe		75,326		66,523
Other		31,350		19,134
	$	505,721	$	514,964
	March 31,		December 31,
(in thousands)	2021		2020
Long-lived assets:
United States	$	234,166	$	235,193
Asia		67,382		69,669
Europe		28,064		18,002
Other		20,661		21,980
	$	350,273	$	344,844