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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of revenue | The following tables provide a summary of the Company’s revenue disaggregated by market sector and a reconciliation of the disaggregated revenue to the Company’s revenue by reportable operating segment:
|  | Three Months Ended September 30, 2024 |
(in thousands) |  | Americas |  |  | Asia |  |  | Europe |  |  | Total |
Market sector: |  |  |  |  |  |  |  |  |  |  |  |
Semi-Cap |  | $ | 50,073 |  |  | $ | 106,231 |  |  | $ | 31,088 |  |  | $ | 187,392 |
Complex Industrials |  |  | 35,779 |  |  |  | 87,722 |  |  |  | 27,413 |  |  |  | 150,914 |
Medical |  |  | 54,679 |  |  |  | 40,644 |  |  |  | 11,811 |  |  |  | 107,134 |
A&D |  |  | 89,589 |  |  |  | 1,596 |  |  |  | 10,844 |  |  |  | 102,029 |
AC&C |  |  | 68,609 |  |  |  | 41,663 |  |  |  | 6 |  |  |  | 110,278 |
External revenue |  |  | 298,729 |  |  |  | 277,856 |  |  |  | 81,162 |  |  |  | 657,747 |
Elimination of intersegment sales |  |  | 7,804 |  |  |  | 12,065 |  |  |  | 2,355 |  |  |  | 22,224 |
Segment revenue |  | $ | 306,533 |  |  | $ | 289,921 |  |  | $ | 83,517 |  |  | $ | 679,971 |
|  | Nine Months Ended September 30, 2024 |
(in thousands) |  | Americas |  |  | Asia |  |  | Europe |  |  | Total |
Market sector: |  |  |  |  |  |  |  |  |  |  |  |
Semi-Cap |  | $ | 158,202 |  |  | $ | 273,388 |  |  | $ | 93,605 |  |  | $ | 525,195 |
Complex Industrials |  |  | 101,100 |  |  |  | 251,209 |  |  |  | 81,340 |  |  |  | 433,649 |
Medical |  |  | 172,556 |  |  |  | 125,822 |  |  |  | 35,034 |  |  |  | 333,412 |
A&D |  |  | 270,714 |  |  |  | 13,398 |  |  |  | 32,591 |  |  |  | 316,703 |
AC&C |  |  | 277,889 |  |  |  | 112,345 |  |  |  | 25 |  |  |  | 390,259 |
External revenue |  |  | 980,461 |  |  |  | 776,162 |  |  |  | 242,595 |  |  |  | 1,999,218 |
Elimination of intersegment sales |  |  | 41,542 |  |  |  | 29,245 |  |  |  | 7,274 |  |  |  | 78,061 |
Segment revenue |  | $ | 1,022,003 |  |  | $ | 805,407 |  |  | $ | 249,869 |  |  | $ | 2,077,279 |
|  | Three Months Ended September 30, 2023 |
(in thousands) |  | Americas |  |  | Asia |  |  | Europe |  |  | Total |
Market sector: |  |  |  |  |  |  |  |  |  |  |  |
Semi-Cap |  | $ | 65,920 |  |  | $ | 75,103 |  |  | $ | 24,231 |  |  | $ | 165,254 |
Complex Industrials |  |  | 28,504 |  |  |  | 94,939 |  |  |  | 30,198 |  |  |  | 153,641 |
Medical |  |  | 92,509 |  |  |  | 46,968 |  |  |  | 9,653 |  |  |  | 149,130 |
A&D |  |  | 84,821 |  |  |  | 8,833 |  |  |  | 6,033 |  |  |  | 99,687 |
AC&C |  |  | 113,425 |  |  |  | 38,558 |  |  |  | — |  |  |  | 151,983 |
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: |  |  |  |  |  |  |  |  |  |  |  |
Semi-Cap |  | $ | 189,939 |  |  | $ | 216,522 |  |  | $ | 71,369 |  |  | $ | 477,830 |
Complex Industrials |  |  | 96,390 |  |  |  | 270,369 |  |  |  | 97,245 |  |  |  | 464,004 |
Medical |  |  | 251,001 |  |  |  | 146,136 |  |  |  | 33,978 |  |  |  | 431,115 |
A&D |  |  | 215,185 |  |  |  | 25,655 |  |  |  | 18,426 |  |  |  | 259,266 |
AC&C |  |  | 381,016 |  |  |  | 134,335 |  |  |  | 56 |  |  |  | 515,407 |
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 |
Schedule of Contract Assets Activity | A summary of activity related to the Company’s contract assets follows:
|  | Nine Months Ended September 30, |
(in thousands) |  | 2024 |  |  | 2023 |
Balance as of the beginning of the year |  | $ | 174,979 |  |  | $ | 183,613 |
Revenue recognized |  |  | 1,734,408 |  |  |  | 1,911,958 |
Amounts collected or invoiced |  |  | (1,722,849 | ) |  |  | (1,905,486 | )
Balance as of the end of the period |  | $ | 186,538 |  |  | $ | 190,085 |

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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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