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Note 18. Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income or Loss before Income Tax, Domestic and Foreign [Table Text Block] | The U.S. and non-U.S. components of our income or loss before income taxes for the years ended December 31, 2024, 2023, and 2022 were as follows (in thousands):
|  | 2024 |  | 2023 |  | 2022
U.S. income (loss) |  | $ | 1,217,274 |  |  | $ | 787,598 |  |  | $ | (17,652) |
Non-U.S. income |  | 189,064 |  |  | 103,692 |  |  | 26,250 |
Income before taxes |  | $ | 1,406,338 |  |  | $ | 891,290 |  |  | $ | 8,598 |
Schedule of Components of Income Tax Expense [Table Text Block] | The components of our income tax expense or benefit for the years ended December 31, 2024, 2023, and 2022 were as follows (in thousands):
|  | 2024 |  | 2023 |  | 2022
Current expense: |  |  |  |  |  |
Federal |  | $ | 64,108 |  |  | $ | 44,693 |  |  | $ | 8,434 |
State |  | 48,255 |  |  | 8,285 |  |  | 399 |
Foreign |  | 21,834 |  |  | 20,767 |  |  | 49,984 |
Total current expense |  | 134,197 |  |  | 73,745 |  |  | 58,817 |
Deferred (benefit) expense: |  |  |  |  |  |
Federal |  | (16,840) |  |  | (23,390) |  |  | (13,928) |
State |  | (17,505) |  |  | (1,413) |  |  | (700) |
Foreign |  | 14,442 |  |  | 11,571 |  |  | 8,575 |
Total deferred benefit |  | (19,903) |  |  | (13,232) |  |  | (6,053) |
Total income tax expense |  | $ | 114,294 |  |  | $ | 60,513 |  |  | $ | 52,764 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Our income tax results differed from the amount computed by applying the relevant U.S. statutory federal corporate income tax rate to our income or loss before income taxes for the following reasons for the years ended December 31, 2024, 2023, and 2022 (in thousands):
|  | 2024 |  | 2023 |  | 2022
|  | Tax |  | Percent |  | Tax |  | Percent |  | Tax |  | Percent
Statutory income tax expense |  | $ | 295,331 |  |  | 21.0 | % |  | $ | 187,171 |  |  | 21.0 | % |  | $ | 1,806 |  |  | 21.0 | %
Changes in valuation allowance |  | 22,680 |  |  | 1.6 | % |  | 10,873 |  |  | 1.2 | % |  | 22,239 |  |  | 258.6 | %
GILTI inclusion |  | 16,174 |  |  | 1.2 | % |  | — |  |  | — | % |  | — |  |  | — | %
State tax, net of federal benefit |  | 14,850 |  |  | 1.1 | % |  | 5,468 |  |  | 0.6 | % |  | 700 |  |  | 8.1 | %
Change in tax contingency |  | 12,110 |  |  | 0.9 | % |  | 9 |  |  | — | % |  | 4,326 |  |  | 50.3 | %
Non-deductible expenses (1) |  | 8,373 |  |  | 0.6 | % |  | 20,283 |  |  | 2.3 | % |  | 10,776 |  |  | 125.3 | %
OECD Pillar Two global minimum tax |  | 8,319 |  |  | 0.6 | % |  | — |  |  | — | % |  | — |  |  | — | %
Foreign dividend income |  | 4,774 |  |  | 0.3 | % |  | 9,115 |  |  | 1.0 | % |  | 2,857 |  |  | 33.2 | %
Foreign tax rate differential |  | 4,141 |  |  | 0.3 | % |  | 1,018 |  |  | 0.1 | % |  | (4,227) |  |  | (49.1) | %
Share-based compensation |  | (5,760) |  |  | (0.4) | % |  | (11,955) |  |  | (1.4) | % |  | (1,017) |  |  | (11.8) | %
Return to provision adjustments |  | (6,804) |  |  | (0.5) | % |  | (3,972) |  |  | (0.4) | % |  | (1,767) |  |  | (20.5) | %
Tax credits |  | (21,909) |  |  | (1.6) | % |  | (9,337) |  |  | (1.0) | % |  | (12,654) |  |  | (147.2) | %
Effect of tax holiday |  | (29,180) |  |  | (2.1) | % |  | (11,501) |  |  | (1.3) | % |  | 27,424 |  |  | 318.9 | %
Section 45X production credit |  | (209,510) |  |  | (14.9) | % |  | (138,546) |  |  | (15.5) | % |  | — |  |  | — | %
Other |  | 705 |  |  | — | % |  | 1,887 |  |  | 0.2 | % |  | 2,301 |  |  | 26.9 | %
Reported income tax expense |  | $ | 114,294 |  |  | 8.1 | % |  | $ | 60,513 |  |  | 6.8 | % |  | $ | 52,764 |  |  | 613.7 | %
—————————— (1)Includes, among other things, excess compensation for executive officers that is not deductible for tax purposes pursuant to Section 162(m) of the IRC.
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The items that gave rise to our deferred taxes as of December 31, 2024 and 2023 were as follows (in thousands):
|  | 2024 |  | 2023
Deferred tax assets: |  |  |  |
Long-term contracts |  | $ | 351,260 |  |  | $ | 211,974 |
Net operating losses |  | 163,408 |  |  | 119,822 |
Capitalized research and development |  | 110,262 |  |  | 53,146 |
Inventory |  | 50,283 |  |  | 30,787 |
Accrued expenses |  | 38,161 |  |  | 29,503 |
Tax credits |  | 22,783 |  |  | 14,800 |
Compensation |  | 12,006 |  |  | 16,451 |
Equity in earnings |  | 4,052 |  |  | 4,464 |
Deferred expenses |  | 1,544 |  |  | 1,590 |
Other |  | 31,650 |  |  | 28,908 |
Deferred tax assets, gross |  | 785,409 |  |  | 511,445 |
Valuation allowance |  | (167,866) |  |  | (149,424) |
Deferred tax assets, net of valuation allowance |  | 617,543 |  |  | 362,021 |
Deferred tax liabilities: |  |  |  |
Property, plant and equipment |  | (439,545) |  |  | (234,394) |
Investment in foreign subsidiaries |  | (9,799) |  |  | (6,034) |
Acquisition accounting / basis difference |  | (4,170) |  |  | (3,964) |
Restricted marketable securities and derivatives |  | (1,983) |  |  | (2,087) |
Capitalized interest |  | (1,357) |  |  | (1,294) |
Other |  | (6,577) |  |  | (14,200) |
Deferred tax liabilities |  | $ | (463,431) |  |  | $ | (261,973) |
Net deferred tax assets |  | $ | 154,112 |  |  | $ | 100,048 |
Summary of Valuation Allowance [Table Text Block] | The following table shows changes in the valuation allowance against our deferred tax assets during the years ended December 31, 2024, 2023, and 2022 (in thousands):
|  | 2024 |  | 2023 |  | 2022
Valuation allowance, beginning of year |  | $ | 149,424 |  |  | $ | 135,763 |  |  | $ | 123,917 |
Additions |  | 24,445 |  |  | 15,109 |  |  | 58,922 |
Reversals |  | (6,003) |  |  | (1,448) |  |  | (47,076) |
Valuation allowance, end of year |  | $ | 167,866 |  |  | $ | 149,424 |  |  | $ | 135,763 |
Schedule of Unrecognized Tax Benefits [Table Text Block] | The following table shows a reconciliation of the beginning and ending amount of liabilities associated with uncertain tax positions for the years ended December 31, 2024, 2023, and 2022 (in thousands):
|  | 2024 |  | 2023 |  | 2022
Unrecognized tax benefits, beginning of year |  | $ | 16,723 |  |  | $ | 14,493 |  |  | $ | 7,811 |
Increases related to prior year tax positions |  | 1,007 |  |  | 2,516 |  |  | 4,569 |
Decreases related to prior year tax positions |  | (651) |  |  | (437) |  |  | — |
Decreases from lapse in statute of limitations |  | — |  |  | — |  |  | (361) |
Decreases relating to settlements with authorities |  | (4,237) |  |  | (2,122) |  |  | — |
Increases related to current tax positions |  | 11,030 |  |  | 2,273 |  |  | 2,474 |
Unrecognized tax benefits, end of year |  | $ | 23,872 |  |  | $ | 16,723 |  |  | $ | 14,493 |
Summary of Tax Years Subject to Examinations in the Most Significant Jurisdictions [Table Text Block] | The following table summarizes the tax years that are either currently under audit or remain open and subject to examination by the tax authorities in the most significant jurisdictions in which we operate:
|  | Tax Years
Vietnam |  | 2014 - 2023
United States |  | 2016 - 2018; 2020 - 2023
India |  | 2018 - 2023
Singapore |  | 2019 - 2023
Malaysia |  | 2020 - 2023

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