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Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Summary of Financial Information for Reportable Segments

Summarized financial information for the Company’s reportable segments is shown in the following tables:

(In thousands)			2023						2022						2021
Net sales:
MS			1,689,467						1,380,208						711,291
MC			1,127,555						1,105,996						919,363
AMH			758,648						846,492						704,946
Inter-segment elimination			(51,744)						(50,663)						(36,707)
Total net sales			$	3,523,926					$	3,282,033					$	2,298,893
(In thousands)			2023						2022						2021
Segment profit:
MS			296,375						219,189						167,807
MC			395,348						411,475						321,300
AMH			136,100						183,738						159,995
Total segment profit			$	827,823					$	814,402					$	649,102
(In thousands)			2023						2022						2021
Total assets:
MS			6,405,693						7,535,706						1,191,465
MC			1,157,414						1,161,636						946,336
AMH			697,243						801,591						598,547
Corporate			552,241						639,924						455,548
Total assets			$	8,812,591					$	10,138,857					$	3,191,896

(In thousands)			2023						2022						2021
Depreciation and amortization:
MS			286,632						203,320						66,983
MC			57,432						42,514						41,536
AMH			43,096						33,490						29,648
Total depreciation and amortization			$	387,160					$	279,324					$	138,167
(In thousands)			2023						2022						2021
Capital expenditures:
MS			141,851						151,331						74,410
MC			227,996						178,800						69,120
AMH			87,000						136,061						67,096
Total capital expenditures			$	456,847					$	466,192					$	210,626

Reconciliation of Total Segment Profit to Operating Income

The following table reconciles total segment profit to income before income taxes and equity in net loss of affiliate:

(In thousands)			2023						2022						2021
Total segment profit			$	827,823					$	814,402					$	649,102
Less:
Amortization of intangibles			214,477						143,953						47,856
Unallocated general and administrative expenses			114,188						190,468						49,478
Operating income			$	499,158					$	479,981					551,768
Interest expense			312,378						212,669						41,240
Interest income			(11,257)						(3,694)						(243)
Other expense, net			25,367						23,926						31,695
Income before income tax (benefit) expense			$	172,670					$	247,080					$	479,076

Summary of Total Net Sales to External Customers

In the following tables, revenue is disaggregated by country or region based on the ship to location of the customer for the years ended December 31, 2023, 2022 and 2021:

			2023
(In thousands)			MS						MC						AMH									Inter-segment						Total
North America			$	540,347					$	170,816					$	231,833								$	(51,744)					$	891,252
Taiwan			231,982						234,078						124,573									—						590,633
South Korea			218,192						120,036						104,957									—						443,185
Japan			104,977						219,340						42,991									—						367,308
China			196,970						229,689						140,245									—						566,904
Europe			229,368						93,059						79,923									—						402,350
Southeast Asia			167,631						60,537						34,126									—						262,294
			$	1,689,467					$	1,127,555					$	758,648								$	(51,744)					$	3,523,926

			2022
(In thousands)			MS						MC						AMH									Inter-segment						Total
North America			$	422,185					$	158,627					$	265,510								$	(50,663)					$	795,659
Taiwan			202,565						305,899						151,663									—						660,127
South Korea			162,601						129,750						121,726									—						414,077
Japan			107,239						183,485						59,278									—						350,002
China			198,022						184,609						119,325									—						501,956
Europe			150,914						85,696						88,405									—						325,015
Southeast Asia			136,682						57,930						40,585									—						235,197
			$	1,380,208					$	1,105,996					$	846,492								$	(50,663)					$	3,282,033

			2021
(In thousands)			MS						MC						AMH									Inter-segment						Total
North America			$	208,997					$	133,653					$	219,853								$	(36,707)					$	525,796
Taiwan			117,056						225,086						111,968									—						454,110
South Korea			97,568						114,211						105,493									—						317,272
Japan			89,767						161,569						51,267									—						302,603
China			102,791						164,471						97,157									—						364,419
Europe			50,136						70,011						89,121									—						209,268
Southeast Asia			44,976						50,362						30,087									—						125,425
			$	711,291					$	919,363					$	704,946								$	(36,707)					$	2,298,893

Summary of Property, Plant and Equipment Attributed to Significant Countries

The following table summarizes property, plant and equipment, net, attributed to significant countries for the years ended December 31, 2023, 2022 and 2021:

(In thousands)			2023						2022						2021
Property, plant and equipment, net:
North America			$	747,823					$	776,913					$	417,549
South Korea			101,107						84,253						58,725
Japan			118,872						104,282						56,357
Malaysia			50,183						46,703						29,443
China			32,884						31,592						32,133
Taiwan			412,346						253,285						58,444
Other			4,828						96,309						1,447
			$	1,468,043					$	1,393,337					$	654,098

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