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Segment And Geographic Information
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment And Geographic Information

Note 14—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:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2020

 

 

2019

 

 

2018

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

1,209,032

 

 

$

1,428,795

 

 

$

1,647,402

 

Asia

 

 

746,661

 

 

 

741,630

 

 

 

801,312

 

Europe

 

 

174,547

 

 

 

176,384

 

 

 

186,517

 

Elimination of intersegment sales

 

 

(77,109

)

 

 

(78,714

)

 

 

(68,766

)

 

 

$

2,053,131

 

 

$

2,268,095

 

 

$

2,566,465

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

22,802

 

 

$

21,784

 

 

$

22,668

 

Asia

 

 

11,018

 

 

 

11,108

 

 

 

11,496

 

Europe

 

 

2,842

 

 

 

3,035

 

 

 

3,498

 

Corporate

 

 

12,130

 

 

 

12,500

 

 

 

14,177

 

 

 

$

48,792

 

 

$

48,427

 

 

$

51,839

 

Income from operations:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

32,629

 

 

$

55,749

 

 

$

61,731

 

Asia

 

 

63,880

 

 

 

47,862

 

 

 

72,442

 

Europe

 

 

6,077

 

 

 

6,983

 

 

 

10,229

 

Corporate and intersegment eliminations

 

 

(77,452

)

 

 

(82,049

)

 

 

(85,864

)

 

 

 

25,134

 

 

 

28,545

 

 

 

58,538

 

Interest expense

 

 

(8,364

)

 

 

(6,664

)

 

 

(10,473

)

Interest income

 

 

1,196

 

 

 

3,829

 

 

 

6,848

 

Other income (expense)

 

 

(673

)

 

 

1,559

 

 

 

628

 

Income before income taxes

 

$

17,293

 

 

$

27,269

 

 

$

55,541

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

24,392

 

 

$

15,822

 

 

$

44,204

 

Asia

 

 

7,836

 

 

 

9,493

 

 

 

14,400

 

Europe

 

 

1,838

 

 

 

3,702

 

 

 

2,388

 

Corporate

 

 

5,453

 

 

 

6,101

 

 

 

5,740

 

 

 

$

39,519

 

 

$

35,118

 

 

$

66,732

 

Total assets:

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

777,658

 

 

$

792,180

 

 

$

852,776

 

Asia

 

 

532,793

 

 

 

533,508

 

 

 

540,094

 

Europe

 

 

146,277

 

 

 

139,977

 

 

 

113,165

 

Corporate

 

 

287,507

 

 

 

294,209

 

 

 

393,748

 

 

 

$

1,744,235

 

 

$

1,759,874

 

 

$

1,899,783

 

 

 

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.

 

 

 

Year Ended December 31,

 

(in thousands)

 

2020

 

 

2019

 

 

2018

 

Geographic net sales:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,322,728

 

 

$

1,508,966

 

 

$

1,741,321

 

Asia

 

 

390,785

 

 

 

391,029

 

 

 

423,245

 

Europe

 

 

240,672

 

 

 

266,216

 

 

 

299,676

 

Other

 

 

98,946

 

 

 

101,884

 

 

 

102,223

 

 

 

$

2,053,131

 

 

$

2,268,095

 

 

$

2,566,465

 

Long-lived assets:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

235,193

 

 

$

247,074

 

 

$

190,056

 

Asia

 

 

69,669

 

 

 

76,507

 

 

 

79,051

 

Europe

 

 

18,002

 

 

 

20,258

 

 

 

9,537

 

Other

 

 

21,980

 

 

 

23,563

 

 

 

22,945

 

 

 

$

344,844

 

 

$

367,402

 

 

$

301,589