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Segment And Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Operating Segments | Information about the Company's operating segments follows:
|  | Year Ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Sales: |  |  |  |  |  |  |  |  |
Americas |  | $ | 1,611,783 |  |  | $ | 1,475,929 |  |  | $ | 1,203,544 |
Asia |  |  | 1,055,938 |  |  |  | 1,251,475 |  |  |  | 912,560 |
Europe |  |  | 299,835 |  |  |  | 284,103 |  |  |  | 228,834 |
Elimination of intersegment sales |  |  | (128,580 | ) |  |  | (125,176 | ) |  |  | (89,619 | )
Total sales |  | $ | 2,838,976 |  |  | $ | 2,886,331 |  |  | $ | 2,255,319 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |
Americas |  | $ | 20,940 |  |  | $ | 19,574 |  |  | $ | 20,589 |
Asia |  |  | 9,746 |  |  |  | 10,192 |  |  |  | 10,660 |
Europe |  |  | 3,226 |  |  |  | 3,289 |  |  |  | 2,878 |
Corporate |  |  | 11,498 |  |  |  | 11,197 |  |  |  | 10,025 |
Total depreciation and amortization |  | $ | 45,410 |  |  | $ | 44,252 |  |  | $ | 44,152 |
Income from operations: |  |  |  |  |  |  |  |  |
Americas |  | $ | 63,484 |  |  | $ | 55,202 |  |  | $ | 45,807 |
Asia |  |  | 124,279 |  |  |  | 134,649 |  |  |  | 90,725 |
Europe |  |  | 17,380 |  |  |  | 16,889 |  |  |  | 11,054 |
Corporate and intersegment eliminations |  |  | (95,479 | ) |  |  | (116,671 | ) |  |  | (94,524 | )
Total income from operations |  |  | 109,664 |  |  |  | 90,069 |  |  |  | 53,062 |
Interest expense |  |  | (31,875 | ) |  |  | (12,894 | ) |  |  | (8,472 | )
Interest income |  |  | 6,256 |  |  |  | 1,730 |  |  |  | 540 |
Other (expense) income, net |  |  | (2,825 | ) |  |  | 5,437 |  |  |  | 277 |
Income before income taxes |  | $ | 81,220 |  |  | $ | 84,342 |  |  | $ | 45,407 |
Capital expenditures: |  |  |  |  |  |  |  |  |
Americas |  | $ | 38,627 |  |  | $ | 30,105 |  |  | $ | 28,673 |
Asia |  |  | 25,286 |  |  |  | 10,534 |  |  |  | 4,253 |
Europe |  |  | 7,098 |  |  |  | 4,509 |  |  |  | 6,072 |
Corporate |  |  | 6,728 |  |  |  | 1,626 |  |  |  | 3,179 |
Total capital expenditures |  | $ | 77,739 |  |  | $ | 46,774 |  |  | $ | 42,177 |
|  |  |  |  | December 31, |
(in thousands) |  |  |  |  | 2023 |  |  | 2022 |
Assets: |  |  |  |  |  |  |  |  |
Americas |  |  |  |  | $ | 1,064,047 |  |  | $ | 1,055,533 |
Asia |  |  |  |  |  | 769,744 |  |  |  | 764,164 |
Europe |  |  |  |  |  | 222,591 |  |  |  | 183,443 |
Corporate |  |  |  |  |  | 218,373 |  |  |  | 224,191 |
Total assets |  |  |  |  | $ | 2,274,755 |  |  | $ | 2,227,331 |
Schedule of Geographic Sales and Long-Lived Assets | A summary of the Company's geographic sales and long-lived assets follows:
|  | Year Ended December 31, |
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Geographic sales: |  |  |  |  |  |  |  |  |
United States |  | $ | 1,737,144 |  |  | $ | 1,569,232 |  |  | $ | 1,328,754 |
Singapore |  |  | 383,914 |  |  |  | 457,889 |  |  |  | 326,688 |
Other Asia |  |  | 210,927 |  |  |  | 332,144 |  |  |  | 202,792 |
Europe |  |  | 402,514 |  |  |  | 387,276 |  |  |  | 285,017 |
Other |  |  | 104,477 |  |  |  | 139,790 |  |  |  | 112,068 |
Total sales |  | $ | 2,838,976 |  |  | $ | 2,886,331 |  |  | $ | 2,255,319 |
|  |  |  |  | December 31, |
(in thousands) |  |  |  |  | 2023 |  |  | 2022 |
Long-lived assets: |  |  |  |  |  |  |  |  |
United States |  |  |  |  | $ | 231,740 |  |  | $ | 249,409 |
Asia |  |  |  |  |  | 79,203 |  |  |  | 68,283 |
Europe |  |  |  |  |  | 42,934 |  |  |  | 29,338 |
Other |  |  |  |  |  | 66,072 |  |  |  | 23,801 |
Total long-lived assets |  |  |  |  | $ | 419,949 |  |  | $ | 370,831 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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