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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay-Versus-Performance

 

In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and Non-PEO Named Executive Officers, or NEOs, and Company performance for the fiscal years listed below. The Human Capital Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.

 

Year

Summary Compensation Table Total for PEO¹
($)

Compensation Actually Paid to PEO ¹˒²˒³
($)

Average Summary Compensation Table Total for Non-PEO NEOs1 
($)

Average Compensation Actually Paid to Non-PEO NEOs1,2,3 
($)

Value of Initial Fixed $100 Investment based on:4

Net Income
($ Millions)

Revenue⁵

($ Millions)

TSR
($)

Peer Group TSR
($)

2024

9,087,741

4,298,875

4,842,094

2,520,284

73.54

237.86

222

648

2023

9,255,652

16,062,629

4,720,641

8,034,657

95.35

162.17

203

576

2022

9,779,152

2,541,697

5,664,249

803,453

53.38

134.97

210

617

2021

10,531,257

2,330,331

7,210,927

2,027,173

80.71

152.97

184

554

2020

18,246,271

10,534,329

11,355,265

8,225,948

111.93

124.37

133

429

(1) Steven V. Abramson was our PEO for each year presented. The individuals constituting the Non-PEO NEOs for each year presented are listed below.

2020-2021

2022

2023-2024

Sidney D. Rosenblatt

Sidney D. Rosenblatt

Julia J. Brown, Ph.D.

Julia J. Brown, Ph.D.

Julia J. Brown, Ph.D.

Mauro Premutico

Janice K. Mahon

Janice K. Mahon

Janice K. Mahon

Mauro Premutico

Brian Millard

Brian Millard

 

Mauro Premutico

 

(2) The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.

(3) Compensation Actually Paid reflects the deductions and additions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Deduction of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.

Year

Summary Compensation Table Total for PEO

($)

Deduction of Change in Pension Value for PEO
($)

Deduction of Stock Awards for PEO

($)

Addition of Pension Service Cost for PEO

($)

Addition of Equity Values for PEO
($)

Compensation Actually Paid to PEO
($)

2024

9,087,741

0

(6,420,598)

0

1,631,732

4,298,875

2023

9,255,652

0

(6,781,096)

0

13,588,073

16,062,629

2022

9,779,152

0

(7,033,223)

392,538

(596,770)

2,541,697

2021

10,531,257

0

(8,078,938)

392,538

(514,526)

2,330,331

2020

18,246,271

(8,230,829)

(8,305,261)

392,538

8,431,610

10,534,329

 

Year

Average Summary Compensation Table Total for Non-PEO NEOs
($)

Average Deduction of Change in Pension Value for Non-PEO NEOs ($)

Average Deduction of Stock Awards for Non-PEO NEOs

($)

Average Addition of Pension Service Cost for Non-PEO NEOs

($)

Average Addition of Equity Values for Non-PEO NEOs
($)

Average Compensation Actually Paid to Non-PEO NEOs
($)

2024

4,842,094

0

(3,226,938)

0

905,128

2,520,284

2023

4,720,641

0

(3,266,849)

0

6,580,866

8,034,658

2022

5,664,249

0

(3,925,700)

372,762

(1,307,858)

803,453

2021

7,210,927

0

(5,406,463)

559,890

(337,179)

2,027,175

2020

11,355,265

(4,607,397)

(5,558,150)

409,642

6,626,589

8,225,949

The amounts in the Addition of Equity Values in the tables above are derived from the amounts set forth in the following tables:

Year

Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO
($)

Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO
($)

Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO
($)

Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO
($)

Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for PEO
($)

Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for PEO
($)

Total - Inclusion of
Equity Values for PEO
($)

2024

4,487,487

(2,500,463)

0

(355,292)

0

0

1,631,732

2023

10,583,821

2,669,558

0

334,694

0

0

13,588,073

2022

4,939,023

(5,276,908)

0

(258,885)

0

0

(596,770)

2021

6,090,071

(5,512,247)

0

(1,092,350)

0

0

(514,526)

2020

11,476,842

862,377

0

(3,907,609)

0

0

8,431,610

Year

Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs
($)

Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs
($)

Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs
($)

Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs
($)

Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs
($)

Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs
($)

Total - Average Inclusion of
Equity Values for Non-PEO NEOs
($)

2024

2,255,337

(1,189,639)

0

(160,570)

0

0

905,128

2023

5,098,850

1,206,709

0

275,307

0

0

6,580,866

2022

1,976,072

(2,360,462)

0

(117,807)

(805,661)

0

(1,307,858)

2021

4,075,520

(3,664,828)

0

(747,871)

0

0

(337,179)

2020

7,680,660

742,581

0

(1,796,652)

0

0

6,626,589

(4) The Peer Group TSR set forth in this table utilizes the S&P 500 Electronic Components Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 500 Electronic Components Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.

(5) We determined Revenue to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2024. This performance measure may not have been the most

important financial performance measure for previous years and we may determine a different financial performance measure to be the most important financial performance measure in future years.

       
Company Selected Measure Name Revenue        
Named Executive Officers, Footnote Steven V. Abramson was our PEO for each year presented. The individuals constituting the Non-PEO NEOs for each year presented are listed below.

2020-2021

2022

2023-2024

Sidney D. Rosenblatt

Sidney D. Rosenblatt

Julia J. Brown, Ph.D.

Julia J. Brown, Ph.D.

Julia J. Brown, Ph.D.

Mauro Premutico

Janice K. Mahon

Janice K. Mahon

Janice K. Mahon

Mauro Premutico

Brian Millard

Brian Millard

 

Mauro Premutico

 

       
Peer Group Issuers, Footnote The Peer Group TSR set forth in this table utilizes the S&P 500 Electronic Components Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2024. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the S&P 500 Electronic Components Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.        
PEO Total Compensation Amount $ 9,087,741 $ 9,255,652 $ 9,779,152 $ 10,531,257 $ 18,246,271
PEO Actually Paid Compensation Amount $ 4,298,875 16,062,629 2,541,697 2,330,331 10,534,329
Adjustment To PEO Compensation, Footnote

Year

Summary Compensation Table Total for PEO

($)

Deduction of Change in Pension Value for PEO
($)

Deduction of Stock Awards for PEO

($)

Addition of Pension Service Cost for PEO

($)

Addition of Equity Values for PEO
($)

Compensation Actually Paid to PEO
($)

2024

9,087,741

0

(6,420,598)

0

1,631,732

4,298,875

2023

9,255,652

0

(6,781,096)

0

13,588,073

16,062,629

2022

9,779,152

0

(7,033,223)

392,538

(596,770)

2,541,697

2021

10,531,257

0

(8,078,938)

392,538

(514,526)

2,330,331

2020

18,246,271

(8,230,829)

(8,305,261)

392,538

8,431,610

10,534,329

Year

Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO
($)

Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO
($)

Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO
($)

Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO
($)

Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for PEO
($)

Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for PEO
($)

Total - Inclusion of
Equity Values for PEO
($)

2024

4,487,487

(2,500,463)

0

(355,292)

0

0

1,631,732

2023

10,583,821

2,669,558

0

334,694

0

0

13,588,073

2022

4,939,023

(5,276,908)

0

(258,885)

0

0

(596,770)

2021

6,090,071

(5,512,247)

0

(1,092,350)

0

0

(514,526)

2020

11,476,842

862,377

0

(3,907,609)

0

0

8,431,610

       
Non-PEO NEO Average Total Compensation Amount $ 4,842,094 4,720,641 5,664,249 7,210,927 11,355,265
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,520,284 8,034,657 803,453 2,027,173 8,225,948
Adjustment to Non-PEO NEO Compensation Footnote

(3) Compensation Actually Paid reflects the deductions and additions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Deduction of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.

Year

Average Summary Compensation Table Total for Non-PEO NEOs
($)

Average Deduction of Change in Pension Value for Non-PEO NEOs ($)

Average Deduction of Stock Awards for Non-PEO NEOs

($)

Average Addition of Pension Service Cost for Non-PEO NEOs

($)

Average Addition of Equity Values for Non-PEO NEOs
($)

Average Compensation Actually Paid to Non-PEO NEOs
($)

2024

4,842,094

0

(3,226,938)

0

905,128

2,520,284

2023

4,720,641

0

(3,266,849)

0

6,580,866

8,034,658

2022

5,664,249

0

(3,925,700)

372,762

(1,307,858)

803,453

2021

7,210,927

0

(5,406,463)

559,890

(337,179)

2,027,175

2020

11,355,265

(4,607,397)

(5,558,150)

409,642

6,626,589

8,225,949

Year

Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs
($)

Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs
($)

Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs
($)

Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs
($)

Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs
($)

Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs
($)

Total - Average Inclusion of
Equity Values for Non-PEO NEOs
($)

2024

2,255,337

(1,189,639)

0

(160,570)

0

0

905,128

2023

5,098,850

1,206,709

0

275,307

0

0

6,580,866

2022

1,976,072

(2,360,462)

0

(117,807)

(805,661)

0

(1,307,858)

2021

4,075,520

(3,664,828)

0

(747,871)

0

0

(337,179)

2020

7,680,660

742,581

0

(1,796,652)

0

0

6,626,589

       
Compensation Actually Paid vs. Total Shareholder Return

Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and TSR

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR over the five most recently completed fiscal years. The chart also compares the Company’s TSR to that of the S&P 500 Electronic Components Index over the same period.

 

img36534071_1.jpg

       
Compensation Actually Paid vs. Net Income

Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Net Income

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our net income during the five most recently completed fiscal years.

 

img36534071_2.jpg

       
Compensation Actually Paid vs. Company Selected Measure

Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Revenue

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Revenue during the five most recently completed fiscal years.

 

img36534071_3.jpg

       
Tabular List, Table

Tabular List of Most Important Financial Performance Measures

The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and Non-PEO NEOs for 2024 to Company performance. The measures in this table are not ranked.

 

Revenue

Net Income

Adjusted EBITDA

       
Total Shareholder Return Amount $ 73,540 95,350 53,380 80,710 111,930
Peer Group Total Shareholder Return Amount 237.86 162.17 134.97 152.97 124.37
Net Income (Loss) $ 222,000,000 $ 203,000,000 $ 210,000,000 $ 184,000,000 $ 133,000,000
Company Selected Measure Amount 648,000,000 576,000,000 617,000,000 554,000,000 429,000,000
PEO Name Steven V. Abramson Steven V. Abramson Steven V. Abramson Steven V. Abramson Steven V. Abramson
Non-PEO NEO Average Compensation Actually Paid Amount   $ 8,034,658   $ 2,027,175 $ 8,225,949
Measure:: 1          
Pay vs Performance Disclosure          
Name Revenue        
Non-GAAP Measure Description We determined Revenue to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2024. This performance measure may not have been the most

important financial performance measure for previous years and we may determine a different financial performance measure to be the most important financial performance measure in future years.

       
Measure:: 2          
Pay vs Performance Disclosure          
Name Net Income        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
PEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 0 $ 392,538 392,538 392,538
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,631,732 13,588,073 (596,770) (514,526) 8,431,610
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,487,487 10,583,821 4,939,023 6,090,071 11,476,842
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,500,463) 2,669,558 (5,276,908) (5,512,247) 862,377
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (355,292) 334,694 (258,885) (1,092,350) (3,907,609)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Adjustments to Compensation Change in Pension Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 (8,230,829)
PEO | Adjustments to Compensation Deduction of Stock Award [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,420,598) (6,781,096) (7,033,223) (8,078,938) (8,305,261)
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 372,762 559,890 409,642
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (1,307,858) (337,179) 6,626,589
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (3,925,700) (5,406,463) (5,558,150)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 905,128 6,580,866      
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,255,337 5,098,850 1,976,072 4,075,520 7,680,660
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,189,639) 1,206,709 (2,360,462) (3,664,828) 742,581
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (160,570) 275,307 (117,807) (747,871) (1,796,652)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 (805,661) 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Adjustments to Compensation Change in Pension Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 (4,607,397)
Non-PEO NEO | Adjustments to Compensation Equity Values [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     $ (1,307,858) $ (337,179) $ 6,626,589
Non-PEO NEO | Adjustments to Compensation Deduction of Stock Award [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (3,226,938) $ (3,266,849)