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v3.25.3

Segment and Geographic Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Operating Segments | Information about the Company’s operating segments follows:
|  | Three Months Ended September 30, 2025 |
(in thousands) |  | Americas |  |  | Asia |  |  | Europe |  |  | Total |
Sales from external customers |  | $ | 296,490 |  |  | $ | 300,390 |  |  | $ | 83,798 |  |  | $ | 680,678 |
Intersegment sales |  |  | 12,521 |  |  |  | 6,925 |  |  |  | 2,496 |  |  |  | 21,942 |
|  | $ | 309,011 |  |  | $ | 307,315 |  |  | $ | 86,294 |  |  | $ | 702,620 |
Reconciliation of sales |  |  |  |  |  |  |  |  |  |  |  |
Elimination of intersegment sales |  |  |  |  |  |  |  |  |  |  |  | (21,942 | )
Sales |  |  |  |  |  |  |  |  |  |  | $ | 680,678 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 278,028 |  |  |  | 259,180 |  |  |  | 72,453 |  |  |  |
Selling, general and administrative expenses |  |  | 7,548 |  |  |  | 4,049 |  |  |  | 2,362 |  |  |  |
Other(1) |  |  | 217 |  |  |  | 6 |  |  |  | — |  |  |  |
Segment income from operations |  | $ | 10,697 |  |  | $ | 37,155 |  |  | $ | 8,983 |  |  | $ | 56,835 |
Reconciliation of income before income taxes |  |  |  |  |  |  |  |  |  |  |  |
Other - corporate and eliminations(2) |  |  |  |  |  |  |  |  |  |  |  | (33,174 | )
Interest expense |  |  |  |  |  |  |  |  |  |  |  | (4,418 | )
Interest income |  |  |  |  |  |  |  |  |  |  |  | 1,955 |
Other expense, net |  |  |  |  |  |  |  |  |  |  |  | (608 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 20,590 |
|  | Nine Months Ended September 30, 2025 |
(in thousands) |  | Americas |  |  | Asia |  |  | Europe |  |  | Total |
Sales from external customers |  | $ | 854,826 |  |  | $ | 850,686 |  |  | $ | 249,265 |  |  | $ | 1,954,777 |
Intersegment sales |  |  | 33,680 |  |  |  | 27,734 |  |  |  | 6,707 |  |  |  | 68,121 |
|  | $ | 888,506 |  |  | $ | 878,420 |  |  | $ | 255,972 |  |  | $ | 2,022,898 |
Reconciliation of sales |  |  |  |  |  |  |  |  |  |  |  |
Elimination of intersegment sales |  |  |  |  |  |  |  |  |  |  |  | (68,121 | )
Sales |  |  |  |  |  |  |  |  |  |  | $ | 1,954,777 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 801,570 |  |  |  | 729,611 |  |  |  | 218,559 |  |  |  |
Selling, general and administrative expenses |  |  | 22,377 |  |  |  | 11,432 |  |  |  | 7,071 |  |  |  |
Other(1) |  |  | 13,833 |  |  |  | 19 |  |  |  | — |  |  |  |
Segment income from operations |  | $ | 17,046 |  |  | $ | 109,624 |  |  | $ | 23,635 |  |  | $ | 150,305 |
Reconciliation of income before income taxes |  |  |  |  |  |  |  |  |  |  |  |
Other - corporate and eliminations(2) |  |  |  |  |  |  |  |  |  |  |  | (94,399 | )
Interest expense |  |  |  |  |  |  |  |  |  |  |  | (16,061 | )
Interest income |  |  |  |  |  |  |  |  |  |  |  | 7,822 |
Other expense, net |  |  |  |  |  |  |  |  |  |  |  | (2,076 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 45,591 |
|  | Three Months Ended September 30, 2024 |
(in thousands) |  | Americas |  |  | Asia |  |  | Europe |  |  | Total |
Sales from external customers |  | $ | 298,729 |  |  | $ | 277,856 |  |  | $ | 81,162 |  |  | $ | 657,747 |
Intersegment sales |  |  | 7,804 |  |  |  | 12,065 |  |  |  | 2,355 |  |  |  | 22,224 |
|  | $ | 306,533 |  |  | $ | 289,921 |  |  | $ | 83,517 |  |  | $ | 679,971 |
Reconciliation of sales |  |  |  |  |  |  |  |  |  |  |  |
Elimination of intersegment sales |  |  |  |  |  |  |  |  |  |  |  | (22,224 | )
Sales |  |  |  |  |  |  |  |  |  |  | $ | 657,747 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 282,975 |  |  |  | 236,795 |  |  |  | 71,846 |  |  |  |
Selling, general and administrative expenses |  |  | 7,597 |  |  |  | 3,706 |  |  |  | 2,593 |  |  |  |
Other(1) |  |  | 795 |  |  |  | 6 |  |  |  | — |  |  |  |
Segment income from operations |  | $ | 7,362 |  |  | $ | 37,349 |  |  | $ | 6,723 |  |  | $ | 51,434 |
Reconciliation of income before income taxes |  |  |  |  |  |  |  |  |  |  |  |
Other - corporate and eliminations(2) |  |  |  |  |  |  |  |  |  |  |  | (23,329 | )
Interest expense |  |  |  |  |  |  |  |  |  |  |  | (6,569 | )
Interest income |  |  |  |  |  |  |  |  |  |  |  | 2,811 |
Other expense, net |  |  |  |  |  |  |  |  |  |  |  | (3,952 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 20,395 |
|  | Nine Months Ended September 30, 2024 |
(in thousands) |  | Americas |  |  | Asia |  |  | Europe |  |  | Total |
Sales from external customers |  | $ | 980,461 |  |  | $ | 776,162 |  |  | $ | 242,595 |  |  | $ | 1,999,218 |
Intersegment sales |  |  | 41,542 |  |  |  | 29,245 |  |  |  | 7,274 |  |  |  | 78,061 |
|  | $ | 1,022,003 |  |  | $ | 805,407 |  |  | $ | 249,869 |  |  | $ | 2,077,279 |
Reconciliation of sales |  |  |  |  |  |  |  |  |  |  |  |
Elimination of intersegment sales |  |  |  |  |  |  |  |  |  |  |  | (78,061 | )
Sales |  |  |  |  |  |  |  |  |  |  | $ | 1,999,218 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 921,531 |  |  |  | 662,330 |  |  |  | 215,184 |  |  |  |
Selling, general and administrative expenses |  |  | 23,592 |  |  |  | 10,196 |  |  |  | 7,279 |  |  |  |
Other(1) |  |  | 4,624 |  |  |  | 381 |  |  |  | 4 |  |  |  |
Segment income from operations |  | $ | 30,714 |  |  | $ | 103,255 |  |  | $ | 20,128 |  |  | $ | 154,097 |
Reconciliation of income before income taxes |  |  |  |  |  |  |  |  |  |  |  |
Other - corporate and eliminations(2) |  |  |  |  |  |  |  |  |  |  |  | (73,210 | )
Interest expense |  |  |  |  |  |  |  |  |  |  |  | (20,747 | )
Interest income |  |  |  |  |  |  |  |  |  |  |  | 7,329 |
Other expense, net |  |  |  |  |  |  |  |  |  |  |  | (7,452 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 60,017 |
(1) Includes expenses for amortization of intangible assets and restructuring charges and other costs. (2) Includes corporate expenses for unallocated expenses, amortization of intangible assets, restructuring charges and other costs and elimination of intersegment cost of sales.
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 5,146 |  |  | $ | 5,261 |  |  | $ | 15,613 |  |  | $ | 15,940 |
Asia |  |  | 2,950 |  |  |  | 2,570 |  |  |  | 8,558 |  |  |  | 7,607 |
Europe |  |  | 1,045 |  |  |  | 931 |  |  |  | 3,034 |  |  |  | 2,674 |
Corporate |  |  | 2,703 |  |  |  | 2,790 |  |  |  | 8,424 |  |  |  | 8,357 |
Total depreciation and amortization |  | $ | 11,844 |  |  | $ | 11,552 |  |  | $ | 35,629 |  |  | $ | 34,578 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 1,523 |  |  | $ | 5,289 |  |  | $ | 7,883 |  |  | $ | 10,905 |
Asia |  |  | 6,641 |  |  |  | 3,961 |  |  |  | 12,503 |  |  |  | 8,831 |
Europe |  |  | 2,631 |  |  |  | 926 |  |  |  | 4,855 |  |  |  | 2,987 |
Corporate |  |  | 699 |  |  |  | (362 | ) |  |  | 2,713 |  |  |  | 1,498 |
Total capital expenditures |  | $ | 11,494 |  |  | $ | 9,814 |  |  | $ | 27,954 |  |  | $ | 24,221 |
|  |  |  |  |  | September 30, |  |  | December 31, |
(in thousands) |  |  |  |  |  | 2025 |  |  | 2024 |
Assets: |  |  |  |  |  |  |  |  |  |
Americas |  |  |  |  |  | $ | 812,830 |  |  | $ | 866,595 |
Asia |  |  |  |  |  |  | 726,136 |  |  |  | 821,252 |
Europe |  |  |  |  |  |  | 256,975 |  |  |  | 225,872 |
Corporate |  |  |  |  |  |  | 271,408 |  |  |  | 225,745 |
Total assets |  |  |  |  |  | $ | 2,067,349 |  |  | $ | 2,139,464 |
Schedule of Geographic Sales and Long-Lived Assets | A summary of the Company’s geographic sales and long-lived assets follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(in thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Geographic sales: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 356,579 |  |  | $ | 353,335 |  |  | $ | 1,014,382 |  |  | $ | 1,137,474 |
Singapore |  |  | 121,332 |  |  |  | 125,843 |  |  |  | 392,079 |  |  |  | 332,151 |
Other Asia |  |  | 78,012 |  |  |  | 59,740 |  |  |  | 191,297 |  |  |  | 164,516 |
Europe |  |  | 110,872 |  |  |  | 101,457 |  |  |  | 310,508 |  |  |  | 302,757 |
Other |  |  | 13,883 |  |  |  | 17,372 |  |  |  | 46,511 |  |  |  | 62,320 |
Total sales |  | $ | 680,678 |  |  | $ | 657,747 |  |  | $ | 1,954,777 |  |  | $ | 1,999,218 |
|  |  |  |  |  | September 30, |  |  | December 31, |
(in thousands) |  |  |  |  |  | 2025 |  |  | 2024 |
Long-lived assets: |  |  |  |  |  |  |  |  |  |
United States |  |  |  |  |  | $ | 208,495 |  |  | $ | 215,536 |
Asia |  |  |  |  |  |  | 92,952 |  |  |  | 89,249 |
Europe |  |  |  |  |  |  | 42,599 |  |  |  | 39,936 |
Other |  |  |  |  |  |  | 58,842 |  |  |  | 64,506 |
Total long-lived assets |  |  |  |  |  | $ | 402,888 |  |  | $ | 409,227 |

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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