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v3.23.3

Revenue (Tables) | 9 Months Ended
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Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of revenue | In the following tables, revenue is disaggregated by market sector. The tables also include a reconciliation of the disaggregated revenue with the reportable operating segments. Elimination of intersegment sales includes intersegment sales between reportable operating segments.
|  | Reportable Operating Segments |
|  | Three Months Ended September 30, 2023 |
(in thousands) |  | Americas |  |  | Asia |  |  | Europe |  |  | Total |
Market sector: |  |  |  |  |  |  |  |  |  |  |  |
Industrials |  | $ | 28,504 |  |  | $ | 94,939 |  |  | $ | 30,198 |  |  | $ | 153,641 |
A&D |  |  | 84,821 |  |  |  | 8,833 |  |  |  | 6,033 |  |  |  | 99,687 |
Medical |  |  | 92,509 |  |  |  | 46,968 |  |  |  | 9,653 |  |  |  | 149,130 |
Semi-Cap |  |  | 65,920 |  |  |  | 75,103 |  |  |  | 24,231 |  |  |  | 165,254 |
Advanced Computing |  |  | 60,748 |  |  |  | 4,976 |  |  |  | — |  |  |  | 65,724 |
Next Generation Communications |  |  | 52,677 |  |  |  | 33,582 |  |  |  | — |  |  |  | 86,259 |
External revenue |  |  | 385,179 |  |  |  | 264,401 |  |  |  | 70,115 |  |  |  | 719,695 |
Elimination of intersegment sales |  |  | 14,177 |  |  |  | 10,762 |  |  |  | 1,297 |  |  |  | 26,236 |
Segment revenue |  | $ | 399,356 |  |  | $ | 275,163 |  |  | $ | 71,412 |  |  | $ | 745,931 |
|  | Nine Months Ended September 30, 2023 |
(in thousands) |  | Americas |  |  | Asia |  |  | Europe |  |  | Total |
Market sector: |  |  |  |  |  |  |  |  |  |  |  |
Industrials |  | $ | 96,390 |  |  | $ | 270,369 |  |  | $ | 97,245 |  |  | $ | 464,004 |
A&D |  |  | 215,185 |  |  |  | 25,655 |  |  |  | 18,426 |  |  |  | 259,266 |
Medical |  |  | 251,001 |  |  |  | 146,136 |  |  |  | 33,978 |  |  |  | 431,115 |
Semi-Cap |  |  | 189,939 |  |  |  | 216,522 |  |  |  | 71,369 |  |  |  | 477,830 |
Advanced Computing |  |  | 224,424 |  |  |  | 18,679 |  |  |  | — |  |  |  | 243,103 |
Next Generation Communications |  |  | 156,592 |  |  |  | 115,656 |  |  |  | 56 |  |  |  | 272,304 |
External revenue |  |  | 1,133,531 |  |  |  | 793,017 |  |  |  | 221,074 |  |  |  | 2,147,622 |
Elimination of intersegment sales |  |  | 67,252 |  |  |  | 37,039 |  |  |  | 2,783 |  |  |  | 107,074 |
Segment revenue |  | $ | 1,200,783 |  |  | $ | 830,056 |  |  | $ | 223,857 |  |  | $ | 2,254,696 |
|  | Three Months Ended September 30, 2022 |
(in thousands) |  | Americas |  |  | Asia |  |  | Europe |  |  | Total |
Market sector: |  |  |  |  |  |  |  |  |  |  |  |
Industrials |  | $ | 29,504 |  |  | $ | 90,469 |  |  | $ | 35,305 |  |  | $ | 155,278 |
A&D |  |  | 69,700 |  |  |  | 13,514 |  |  |  | 3,024 |  |  |  | 86,238 |
Medical |  |  | 85,609 |  |  |  | 67,956 |  |  |  | 11,981 |  |  |  | 165,546 |
Semi-Cap |  |  | 77,123 |  |  |  | 91,907 |  |  |  | 17,295 |  |  |  | 186,325 |
Advanced Computing |  |  | 78,438 |  |  |  | 16,124 |  |  |  | — |  |  |  | 94,562 |
Next Generation Communications |  |  | 43,012 |  |  |  | 40,487 |  |  |  | 127 |  |  |  | 83,626 |
External revenue |  |  | 383,386 |  |  |  | 320,457 |  |  |  | 67,732 |  |  |  | 771,575 |
Elimination of intersegment sales |  |  | 17,519 |  |  |  | 17,269 |  |  |  | 668 |  |  |  | 35,456 |
Segment revenue |  | $ | 400,905 |  |  | $ | 337,726 |  |  | $ | 68,400 |  |  | $ | 807,031 |
|  | Nine Months Ended September 30, 2022 |
(in thousands) |  | Americas |  |  | Asia |  |  | Europe |  |  | Total |
Market sector: |  |  |  |  |  |  |  |  |  |  |  |
Industrials |  | $ | 71,171 |  |  | $ | 275,422 |  |  | $ | 104,667 |  |  | $ | 451,260 |
A&D |  |  | 216,204 |  |  |  | 29,196 |  |  |  | 11,922 |  |  |  | 257,322 |
Medical |  |  | 240,467 |  |  |  | 176,408 |  |  |  | 31,778 |  |  |  | 448,653 |
Semi-Cap |  |  | 212,152 |  |  |  | 274,703 |  |  |  | 57,806 |  |  |  | 544,661 |
Advanced Computing |  |  | 180,109 |  |  |  | 38,145 |  |  |  | — |  |  |  | 218,254 |
Next Generation Communications |  |  | 108,077 |  |  |  | 107,228 |  |  |  | 232 |  |  |  | 215,537 |
External revenue |  |  | 1,028,180 |  |  |  | 901,102 |  |  |  | 206,405 |  |  |  | 2,135,687 |
Elimination of intersegment sales |  |  | 38,580 |  |  |  | 44,332 |  |  |  | 2,186 |  |  |  | 85,098 |
Segment revenue |  | $ | 1,066,760 |  |  | $ | 945,434 |  |  | $ | 208,591 |  |  | $ | 2,220,785 |
Significant Changes in Contract Assets | Significant changes in contract asset during the period are as follows:
|  | Nine Months Ended September 30, |
(in thousands) |  | 2023 |  |  | 2022 |
Beginning balance |  | $ | 183,613 |  |  | $ | 155,243 |
Revenue recognized |  |  | 1,911,958 |  |  |  | 1,937,398 |
Amounts collected or invoiced |  |  | (1,905,486 | ) |  |  | (1,904,911 | )
Ending balance |  | $ | 190,085 |  |  | $ | 187,730 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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