Benchmark Electronics (BHE) 10-Q 8 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 05, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Registrant Name	BENCHMARK ELECTRONICS INC
Entity Central Index Key	863,436
Trading Symbol	BHE
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		48,970,857
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 573,248	$ 465,995
Accounts receivable, net of allowance for doubtful accounts of $3,314 and $3,417, respectively	421,939	479,140
Inventories, net	375,085	411,986
Prepaid expenses and other assets	37,207	31,351
Income taxes receivable	619	156
Total current assets	1,408,098	1,388,628
Property, plant and equipment, net of accumulated depreciation of $395,378 and $379,088, respectively	170,602	178,170
Goodwill	200,035	199,290
Deferred income taxes	13,046	14,088
Other, net	108,368	113,702
Total assets	1,900,149	1,893,878
Current liabilities:
Current installments of long-term debt and capital lease obligations	12,336	12,284
Accounts payable	272,970	251,163
Income taxes payable	4,204	5,069
Accrued liabilities	57,832	64,578
Total current liabilities	347,342	333,094
Long-term debt and capital lease obligations, less current installments	217,086	222,909
Other long-term liabilities	17,604	15,971
Shareholders' equity:
Common stock, $0.10 par value; 145,000 shares authorized; issued and outstanding - 48,935 and 50,178, respectively	4,893	5,018
Additional paid-in capital	613,412	624,997
Retained earnings	715,195	704,905
Accumulated other comprehensive loss	(15,383)	(13,016)
Total shareholders' equity	1,318,117	1,321,904
Total liabilities and shareholders' equity	$ 1,900,149	$ 1,893,878

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts, accounts receivable	$ 3,314	$ 3,417
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment	$ 395,378	$ 379,088
Preferred shares, par value	$ 0.1	$ 0.1
Preferred shares, shares authorized	5,000	5,000
Preferred shares, issued	0	0
Common stock, par value	$ 0.1	$ 0.1
Common stock, shares authorized	145,000	145,000
Common stock, issued	48,935	50,178
Common stock, outstanding	48,935	50,178

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Consolidated Statements Of Income [Abstract]
Sales	$ 579,342	$ 664,038	$ 1,128,567	$ 1,284,963
Cost of sales	526,658	608,322	1,025,573	1,177,468
Gross profit	52,684	55,716	102,994	107,495
Selling, general and administrative expenses	31,342	27,920	62,595	56,122
Restructuring charges and other costs	3,602	1,588	6,391	6,457
Income from operations	17,740	26,208	34,008	44,916
Interest expense	(2,299)	(497)	(4,633)	(932)
Interest income	329	293	593	725
Other income (expense)	71	596	(152)	(461)
Income before income taxes	15,841	26,600	29,816	44,248
Income tax expense	(3,156)	(5,390)	(6,079)	(8,833)
Net income	$ 12,685	$ 21,210	$ 23,737	$ 35,415
Earnings per share:
Basic	$ 0.26	$ 0.41	$ 0.48	$ 0.68
Diluted	$ 0.26	$ 0.4	$ 0.47	$ 0.67
Weighted-average number of shares outstanding:
Basic	49,323	52,180	49,586	52,321
Diluted	49,667	52,671	50,042	52,884

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Consolidated Statements Of Comprehensive Income [Abstract]
Net income	$ 12,685	$ 21,210	$ 23,737	$ 35,415
Other comprehensive income (loss):
Foreign currency translation adjustments	(832)	698	516	(2,764)
Unrealized gain (loss) on investments, net of tax	22	(38)	16	(33)
Interest rate swap fair value adjustment, net of tax	(667)	0	(2,899)	0
Other	0	(3)	0	(7)
Other comprehensive income (loss)	(1,477)	657	(2,367)	(2,804)
Comprehensive income	$ 11,208	$ 21,867	$ 21,370	$ 32,611

Consolidated Statements Of Shar

Consolidated Statements Of Shareholders' Equity - 6 months ended Jun. 30, 2016 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Balances, shares at Dec. 31, 2015	50,178	50,178
Balances, value at Dec. 31, 2015	$ 1,321,904	$ 5,018	$ 624,997	$ 704,905	$ (13,016)
Stock-based compensation expense	$ 3,981	$ 0	3,981	0	0
Shares repurchased and retired, shares	(1,440)	(1,440)
Shares repurchased and retired, value	$ (29,315)	$ (144)	(15,724)	(13,447)	0
Stock options exercised, shares	51	51
Stock options exercised, value	$ 823	$ 5	818	0	0
Vesting of restricted stock units, shares	171	171
Vesting of restricted stock units, value	$ 0	$ 17	(17)	0	0
Shares withheld for taxes, shares	(25)	(25)
Shares withheld for taxes, value	$ (535)	$ (3)	(532)	0	0
Excess tax benefit of stock-based compensation	(111)	0	(111)	0	0
Comprehensive income	$ 21,370	$ 0	0	23,737	(2,367)
Balances, shares at Jun. 30, 2016	48,935	48,935
Balances, value at Jun. 30, 2016	$ 1,318,117	$ 4,893	$ 613,412	$ 715,195	$ (15,383)

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ 23,737	$ 35,415
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	21,160	21,778
Amortization	6,740	2,702
Deferred income taxes	2,649	5,000
Gain on the sale of property, plant and equipment	(136)	(15)
Asset impairments	121	84
Stock-based compensation expense	3,981	4,020
Excess tax benefit from stock-based compensation	(122)	(340)
Changes in operating assets and liabilities, net of effects from business acquisition:
Accounts receivable	57,044	18,606
Inventories	37,034	(44,446)
Prepaid expenses and other assets	(5,864)	(10,205)
Accounts payable	23,084	3,441
Accrued liabilities	(10,572)	4,895
Income taxes	(1,258)	178
Net cash provided by operations	157,598	41,113
Cash flows from investing activities:
Proceeds from sales of investments at par	200	50
Additions to property, plant and equipment	(15,149)	(24,308)
Proceeds from the sale of property, plant and equipment	188	420
Additions to purchased software	(1,054)	(698)
Other	(83)	19
Net cash used in investing activities	(15,898)	(24,517)
Cash flows from financing activities:
Proceeds from stock options exercised	823	1,471
Excess tax benefits from stock-based compensation	122	340
Principal payments on long-term debt and capital lease obligations	(6,149)	(327)
Share repurchases	(29,315)	(34,558)
Net cash used in financing activities	(34,519)	(33,074)
Effect of exchange rate changes	72	(1,583)
Net increase (decrease) in cash and cash equivalents	107,253	(18,061)
Cash and cash equivalents at beginning of year	465,995	427,376
Cash and cash equivalents at end of period	$ 573,248	$ 409,315

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Basis of Presentation [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation Benchmark Electronics, Inc. (the Company) is a Texas corporation that provides worldwide integrated electronic manufacturing services (EMS). The Company provides services to original equipment manufacturers (OEMs) of indu strial control equipment (including equipment for the aerospace and defense industries ), telecommunication equipment, computers and related products for business enterprises, medical devices, and testing and instrumentation products. The Company has manufacturing operations located in the Americas, Asia and Europe. The un audited condensed consolidated financial statements included herein have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). The financial statements reflect all normal and recurring adjus tments necessary in the opinion of management for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for the periods presented are not necessarily indicative of t he results to be expected for the full year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and n otes included in the Company’s annual r eport on Form 10 -K for the year ende d December 31, 2015 (the 2015 10-K). Management has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in accor dance with generally accepted accounting principles in the United States (U.S. GAAP) . Actual results could differ from those estimates .

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Acquisition	Note 2—Acquisition On November 12, 2015, the Company acquired all of the outstanding common stock of Secure Communication Systems, Inc. and its subsidiaries (collectively referred to as Secure Technology or Secure) (the Secure Acquisition) for a purchase price of $230 million subject to a working capital adjustment. Secure Technology is a lead ing provider of customized high- performance electronics, sub-systems, and component solutions for mission critical applications. The transaction was financed with bor rowings under the Company’s term loan facility. The preliminary allocation of the Secure Acquisition’s net purchase price resulted in $154.1 million of goodwill. The Secure acquisition deepened Benchmark’s engineering capabilities and enhanced it s ability to serve customers in the highly regulated industrial markets, including aerospace and defense. The goodwill recognized in connection with the acquisition represents the future economic benefit arising from assets acquired that could not be indiv idually identified and separately recognized and is attributable to the general reputation, acquisition synergies and expected future cash flows of the acquisition as well as the nature of Secure’s products and services and its competitive position in the marketplace . The final allocation of the purchase price, which the Company expects to complete by September 30, 2016, but no later than one year from the acquisition date, may differ from the amounts included in these financial statements. Manag ement does not expect additional adjustments, if any, resulting from changes to the purchase price allocation, to have a material effect on the Company’s financial position or results of operations. The following reconciliation of the purchase price for Secure reflects the preliminary purchase price allocation (in thousands): Purchase price paid $ 230,504 Cash acquired (922) Purchase price, net of cash received $ 229,582 Acquisition-related costs for 2016 $ 128 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash $ 922 Accounts receivable 12,521 Inventories 15,815 Other current assets 1,569 Property, plant and equipment 2,048 Other assets 97 Trade names and trademarks intangible 7,800 Technology licenses intangible 15,500 Customer relationships intangible 67,100 Goodwill 154,065 Current liabilities (16,936) Long-term debt (24) Other long-term liabilities (800) Deferred income taxes (29,173) Total identifiable net assets $ 230,504 The following summary pro forma condensed consolidated financial information reflects the Secure Acquisition as if it had occurred on January 1, 2015 for purposes of the statements of income. This summary pro forma information is not necessarily representative of what the Company’s results of oper ations would have been had this acquisition in fact occurred on January 1, and is not intended to project t he Company’s results of op erations for any future period. Pro forma condensed consolidated financial information for the six months ended June 30, 2015 (unaudited) (in thousands) : Net sales $ 1,337,387 Net income $ 36,591

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2016
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 3 – Stock-Based Compensation The Company’s 2010 Omnibus Incentive Compensation Plan (the 2010 Plan) authorizes, the Company, upon approval of the compensation committee of the Board of Directors, to grant a variety of awards, including stock options, restricted shares, restricted stock units, stock appreciation rights, performance compensation awards, phantom stock awards and deferred share units, or any combination thereof, to any director, officer, employee or consultant (including any prosp ective director, officer, employee or consultant) of the Company. Stock options are granted to employees with an exercise price equal to the market price of the Company’s common shares on the date of grant, generally vest over a four-year period from the d ate of grant and have a term of 10 years. Restricted shares and restricted stock units granted to employees generally vest over a four-year period from the date of grant, subject to the continued employment of the employee by the Company. Awards under the 2010 Plan to non-employee directors have been in the form of restricted stock units, which vest in equal quarterly installments over a one-year period, starting on the grant date . As of June 30, 2016 , 3. 1 million additional common shares were avail able for issuance under the Company’s 2010 Plan. All share-based payments to employees, including grants of employee stock options, are recognized in the financial statements based on their grant date fair values. The total compensation cost recognized fo r stock-based awards was $1.9 million and $4.0 million for the three and six months ended June 30, 2016 , respectively, and $2.1 million and $ 4.0 million for the three and six months ended June 30, 2015 , respectively . The total income tax benefit recognized in the condensed income statement s for stock-based awards was $0.7 million and $1.5 million for the three and six months ended June 30, 2016 , respectively, and $0.8 mil lion and $ 1.6 million for the three and six months ended June 30, 2015 , respectively. The compensation expense for stock-based awards includes an estimate for forfeitures and is recognized over the vesting period of the awards using the straight-line m ethod. Cash flows from the tax benefits resulting from tax deductions in excess of the compensation cost recognized for stock-based awards (excess tax benefits) are classified as cash flows from financing activities. Awards of restricted shares, restricted stock units, and performance-based restricted stock units are valued at the closing market price of the Company’s common shares on the date of grant. For performance-based restricted stock units, compensation expense is based on the probability that the p erformance goals will be achieved, which is monitored by management throughout the requisite service period. When it becomes probable, based on the Company’s expectation of performance during the measurement period, that more or less than the previous esti mate of the awarded shares will vest, an adjustment to stock-based compensation expense is recognized as a change in accounting estimate . As of June 30, 2016 , the unrecognized compensation cost and remaining weighted-average amortization related to stock-based awards were as follows: Performance- based Restricted Restricted Stock Stock Stock (in thousands) Options Units Units (1) Unrecognized compensation cost $ 3,112 $ 11,033 $ 5,000 Remaining weighted-average amortization period 1.6 years 2.6 years 2.0 years (1) Based on the probable achievement of the performance goals identified in each award. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model. The weighted-average fair value per option granted during the six months ended June 30, 2015 was $8.76, respectively. No options were granted during the six months ended June 30, 2016 or the three months ended June 30, 2015 . The weighted-average assumptions used to value the options granted during the six months ended June 30, 2015 were as follows (in thousands) : Options granted 289 Expected term of options 6.4 years Expected volatility 35% Risk-free interest rate 1.886% Dividend yield zero The expected term of the options represents the estimated period of time until exercise and is based on historical experience, giving consideration to the contractual terms, vesting schedules and expectations of future plan participant behavior. Separate groups of plan participants that have similar historical exercise behavior are considered separately for valuation purposes. Expected stock price volatility is based on the historical volatility of the Company’s common shares. The risk-free interest rate i s based on the U.S. Treasury zero-coupon rates in effect at the time of grant with an equivalent remaining term. The dividend yield reflects that the Company has not paid any cash dividends since inception and does not anticipate paying cash dividends in t he foreseeable future. The total cash received by the Company as a result of stock option exercises for the six months ended June 30, 2016 and 2015 was a pproximately $0.8 million and $1.5 million, respectively. The actual tax benefit realized as a result of stock option exercises and the vesting of other share-based awards during the six months ended June 30, 2016 and 2015 was $1.6 million and $ 1.9 million, respectively. For the six months ended June 30, 2016 and 2015 , the total intrinsic value of stock options exercised was $0.3 million and $ 0.5 million, respectively. The Company awarde d performance-based restricted stock units to employees during the six months ended June 30, 2016 and 2015 . The number of performance-based restricted stock units that will ultimately be earned will not be determined until the end of the corresponding performance periods, and may vary from as low as zero to as high as three times the target number depending on the level of achievement of certain performance goals. The level of achievement of these goals is based upon the audited fi nancial results of the Company for the last full calendar year within the performance period. The performance goals consist of certain levels of achievement using the following financial metrics: revenue growth, operating margin expansion, and return on in vested capital. If the performance goals are not met based on the Company’s financial results, the applicable performance-based restricted stock units will not vest and will be forfeited. Shares subject to forfeited performance-based restricted stock units will be available for issuance under the 2010 Plan . The following table summarizes activities relating to the Company’s stock options: Weighted- Weighted- Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic (in thousands, except per share data) Options Price Term (Years) Value Outstanding as of December 31, 2015 2,580 $20.49 Exercised (51) 16.04 Forfeited or expired (314) 23.60 Outstanding as of June 30, 2016 2,215 $20.16 4.72 $ 5,308 Exercisable as of June 30, 2016 1,770 $19.67 3.31 $ 5,022 The aggregate intrinsic value in the table above is before income taxes and is calculated as the difference between the exercise price of the underlying options and the Company’s closing stock price as of the last business day of the period ended June 30, 2016 for options that had exercise prices that were below the closing price. During the six months ended June 30, 2016 , t he Company’s remaining outstanding restricted shares at December 31, 2015 vested and the Company has no restricted sh ares outstanding. Restricted stock units, time-based and performance-based, remain outstanding as detailed below. The following table summarizes the activities related to the Company’s ti me-based restricted stock units: Weighted- Average Number of Grant Date (in thousands, except per share data) Units Fair Value Non-vested awards outstanding as of December 31, 2015 467 $21.59 Granted 314 21.47 Vested (171) 21.01 Forfeited (20) 22.10 Non-vested awards outstanding as of June 30, 2016 590 $21.67 The following table summarizes the activi ties related to the Company’s performance-based restricted stock units: Weighted- Average Number of Grant Date (in thousands, except per share data) Units Fair Value Non-vested units outstanding as of December 31, 2015 306 $19.77 Granted (1) 184 21.63 Forfeited or expired (108) 17.35 Non-vested units outstanding as of June 30, 2016 382 $21.35 (1) Represents target number of units that can vest based on the achievement of the performance goals.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Note 4 – Earnings Per Share Basic earnings per share is computed using the weighted-average number of shares outstanding. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for the incremental shares attributed to outstanding stock equivalents . Stock equivalents include common shares issuable upon the exercise of stock options and other equity instrume nts, and are computed using the treasury stock method. Under the treasury stock method, the exercise price of a share, the amount of compensation cost, if any, for future service that the Company has not yet recognized, and the amount of estimated excess t ax benefits that would be recorded in paid-in-capital, if any, when the option is exercised or the instrument vests are assumed to be used to repurchase shares in the current period. The following table sets forth the calculation of basic and diluted earnings per share : Three Months Ended Six Months Ended June 30, June 30, (in thousands, except per share data) 2016 2015 2016 2015 Net income $ 12,685 $ 21,210 $ 23,737 $ 35,415 Denominator for basic earnings per share - weighted-average number of common shares outstanding during the period 49,323 52,180 49,586 52,321 Incremental common shares attributable to exercise of dilutive options 287 386 289 387 Incremental common shares attributable to outstanding restricted stock units 57 105 167 176 Denominator for diluted earnings per share 49,667 52,671 50,042 52,884 Basic earnings per share $ 0.26 $ 0.41 $ 0.48 $ 0.68 Diluted earnings per share $ 0.26 $ 0.40 $ 0.47 $ 0.67 Options to purc hase 1.0 million common shares for both the three- and six-month periods ended June 30, 2016 were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive. Options to purchase 1.0 million common shares for both the three- and six- month periods ended June 30, 2015 , respectively, were not included in the computation of diluted earnings per share because their effect would also have been anti-dilutive.

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	6 Months Ended
	Jun. 30, 2016
Goodwill And Other Intangible Assets [Abstract]
Goodwill And Other Intangible Assets	Note 5 – Goodwill and Other Intangible Assets G oodwill allocated to the Co mpany’s reportable segments was as follows: (in thousands) Americas Asia Total Goodwill as of December 31, 2015 $ 161,188 $ 38,102 $ 199,290 Purchase accounting adjustments 745 - 745 Goodwill as of June 30, 2016 $ 161,933 $ 38,102 $ 200,035 The purchase accounting adjustments in 2016 related to the Secure Acquisition were based on management’s estimates resulting from review of information obtained a fter the acquisition that related to facts and circumstances that existed at the acquisition date. See Note 2 . Other assets consist primarily of acquired identifiable intangible assets and capitalized purchased software costs. Acquired identifiable i ntangible assets as of June 30, 2016 and December 31, 2015 were as follows: Gross Net Carrying Accumulated Carrying (in thousands) Amount Amortization Amount Customer relationships $ 100,112 $ (23,888) $ 76,224 Purchased software costs 30,799 (27,966) 2,833 Technology licenses 26,800 (12,192) 14,608 Trade names and trademarks 7,800 - 7,800 Other 868 (225) 643 Other intangible assets, June 30, 2016 $ 166,379 $ (64,271) $ 102,108 Gross Net Carrying Accumulated Carrying (in thousands) Amount Amortization Amount Customer relationships $ 100,092 $ (19,822) $ 80,270 Purchased software costs 29,754 (27,394) 2,360 Technology licenses 26,800 (10,477) 16,323 Trade names and trademarks 7,800 - 7,800 Other 868 (213) 655 Other intangible assets, December 31, 2015 $ 165,314 $ (57,906) $ 107,408 Customer relationships are being amortized on a straight -line basis over a period of 10 to 14 years. Capitalized purchased software costs are being amortized on a straight-line basis over the estimated useful life of the related software, which ranges from 2 to 10 years. Technology licenses are amortized over their estimated useful lives in proportion to the economic benefits consumed. Amortization of intangible assets with definite lives for the six months ended June 30, 2016 and 2015 was $ 6.4 million and $2.6 million, respectively. The increase in the amortization of intangible assets reflects the impact of the Secure Acquisition. See Note 2. The estimated future amortization expense of other intangible assets for each of the next five years is as follows (in thousands): Year ending December 31, Amount 2016 (remaining six months) $ 6,735 2017 10,680 2018 9,832 2019 9,705 2020 9,170

Borrowing Facilities

Borrowing Facilities	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Borrowing Facilities	Note 6 – Borrowing Facilities On November 12, 2015, the Company entered into a $430 million Credit Agreement (the Credit Agreement) by and among Benchmark, JPMorgan Chase Bank, N.A. as administrative agent and collateral agent (the Administrative Agent) , and the financial institutions acting as lenders thereunder from time to time . This Credit Agreement provides for a five-year $200 million revolving credit facility and a five-year $230 million term loan facility (the Term Loan), both with a maturi ty date of November 12, 2020. The proceeds of the $230 million term loan facility were used to finance the purchase price of the acquisition of Secure Technology. The revolving credit facility is available for general corporate purposes, may be drawn in fo reign currencies up to an amount equivalent to $20 million, and may be used for letters of credit up to $20 million. The Credit Agreement includes an accordion feature, pursuant to which total commitments under the facility may be increased by an additiona l $150 million, subject to satisfaction of certain conditions. The Term Loan is payable in minimum quarterly principal installments , which began on March 31, 2016, of $2.9 million in 2016 and 2017, $4.3 million in 2018, $5.8 million in 2019, and $8.6 mill ion in 2020, with the balance payable on the maturity date. Interest on outstanding borrowings under the Credit Agreement accrues, at our option, at (a) the adjusted London interbank offered rate (LIBOR) as administered by the ICE Benchmark Administration plus 1.25% to 2.25%, or (b) the alternative base rate plus 0.25% to 1.25%, and is payable quarterly in arrears. The alternative base rate is equal to the highest of (i) the Administrative Agent’s prime rate, (ii) the federal funds rate plus 0.50% and (iii ) the adjusted LIBO R rate plus 1.00%. The margin on the interest rates fluctuates based upon the ratio of Benchmark’s debt to its consolidated EBITDA (the Total Leverage Ratio). As of June 30, 2016 , $168 . 2 million of the outstanding debt under the Cr edit Agreement was effectively at a fixed interest rate as a result of a $1 68.2 million notional interest rate swap contract discussed in Note 14 . A commitment fee of 0.30% to 0.40% per annum (based on the Total Leverage Ratio) on the unused portion of the revolving credit line is payable quarterly in arrears. The Credit Agreement is generally secured by a pledge of (a) all the capital stock of Benchmark’s domestic subsidiaries and 65% of the capital stock of Benchmark’s directly owned foreign subsidiar ies, (b) any indebtedness owed to Benchmark and its subsidiaries and (c) all or substantially all other personal property of Benchmark and its domestic subsidiaries (including, accounts receivable, inventory and fixed assets of Benchmark and its domestic s ubsidiaries), in each case, subject to customary exceptions and limitations. The Credit Agreement contains financial covenants as to debt leverage and interest coverage, and certain customary affirmative and negative covenants, including restrictions on ou r ability to incur additional debt and liens, pay dividends, repurchase shares, sell assets and merge or consolidate with other persons. Amounts due under the Credit Agreement may be accelerated upon specified events of default, including a failure to pay amounts due, breach of a covenant, material inaccuracy of a representation, or occurrence of bankruptcy or insolvency, subject, in some cases, to cure periods. As of June 30, 2016 and December 31, 2015 , the Company was in compliance with all of th ese covenants and restrictions. As of June 30, 2016 , the Company had $224.3 million in borrowings outstanding under the Term Loan facility and $2.1 million in letters of credit outstanding under the revolving credit facility. The Company has $197.9 million available for future borrowings under the revolving credit facility. The Company’s Thailand subsidiary has a multi-purpose credit facility with Kasikornbank Public Company Limited (the Thai Credit Facility) that provides for 350 million Thai baht working capital availability. The Thai Credit Facility is secured by land and buildings in Thailand owned by the Company’s Thailand subsidiary. Availability of funds under the Thai Credit Facility is reviewed annually and is currently a ccessible through O ctober 2016 . As of both June 30, 2016 and 2015 , there were no working capital borrowings outstanding under the facility.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2016
Inventories [Abstract]
Inventories	Note 7 – Inventories Inventory costs are summarized as follows: June 30, December 31, (in thousands) 2016 2015 Raw materials $ 249,376 $ 276,470 Work in process 94,253 86,475 Finished goods 31,456 49,041 $ 375,085 $ 411,986

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Taxes [Abstract]
Income Taxes	Note 8 – Income Taxes Income tax expense consists of the following: Six Months Ended June 30, (in thousands) 2016 2015 Federal – current $ 9 $ 320 Foreign – current 3,186 3,321 State – current 235 192 Deferred 2,649 5,000 $ 6,079 $ 8,833 I ncome tax expense differs from the amount computed by applying the U.S. federal statutory income tax rate to income before income tax primarily due to the mix of taxable income by taxing jurisdiction, the impact of tax incentives and tax holidays in foreign locations, and state income taxes (net of federal benefit). The Company considers earnings from foreign subsidiaries to be indefinitely reinvested and, accordingly, no provision for U.S. federal and state income taxes has been made for these earni ngs. Upon distribution of foreign subsidiary earnings in the form of dividends or otherwise, such distributed earnings would be subject to U.S. income tax es and foreign withholding taxes, reduced by any applicable foreign tax credits . Determination of the amount of any u nrecognized deferred tax liability on these undistributed earnings is not practicable. The Company has been granted certain tax incentives, including tax holidays, for its subsidiaries in Malaysia and Thailand that will expire at various dates, unless extended or otherwise renegotiated, through 2025 in Malaysia and 2028 in Thailand , and are subject to certain conditions with which the Company expects to comply. The net impact of these tax incentives was to lower income tax expense for the six months ended June 30, 2016 and 2015 by approximately $2.0 million (appro ximately 0.04 per diluted share) and $4 .6 million (approximately $0. 09 per diluted share), respectively , as follows: Six Months Ended June 30, (in thousands) 2016 2015 China $ - $ 950 Malaysia 707 1,109 Thailand 1,337 2,515 $ 2,044 $ 4,574 The Company’s Chinese subsidiary had a tax incentive that expired in December 201 5 and expects to submit an application for a new tax incentive in Chin a during the second half of 2016 . As of June 30, 2016 , the total amount of the reserve for uncertain tax benefits including interest and penalties was $16.5 million. The reserve is classified as a current or long-term liability in the condensed consolidated balance sheet s based on the Company’s expe ctation of when the items will be settled. The amount of accrued potential interest and penalties , respectively, on unrecognized tax benefits included in the reserve as of June 30, 2016 , was $1.7 million and $1.6 mi llion. No material changes affected the reserve during the six months ended June 30, 2016 . Within the next 12 months, it is reasonably possible that the Company will reduce its reserve by approximately $8.3 million due to the lapse of statutes of limitations in certain jurisdictions. The Company and its subsidiaries in Brazil, China, Ireland, Luxembourg, Malaysia, Mexico, the Netherlands, Romania, Singapore, Thailand and the United States remain open to examination by the various local taxing authorities, in total or in part, for fiscal years 2004 to 201 5 . During the course of such examinations, disputes may occur as to matters of fact or law. The Company has no ongoing Internal Revenue Service income tax audits. I n most tax jurisdictions, the passage of time without examination will result in the expiration of applicable statutes of limitations thereby precluding examination of the tax period(s) for which such statute of limitation has expired. The Company believes t hat it has adequately provided for its tax liabilities .

Segment And Geographic Informat

Segment And Geographic Information	6 Months Ended
	Jun. 30, 2016
Segment And Geographic Information [Abstract]
Segment And Geographic Information	Note 9 – Segment and Geographic Information The Company currently has manufacturing facilities in the United States, Mexico, 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 ac counting policies for the reportable operating segments are the same as for the Company taken as a whole. The Company has three reportable operating segments: the Americas, Asia, and Europe . Informa tion about operating segments i s as follows: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2016 2015 2016 2015 Net sales: Americas $ 395,354 $ 413,642 $ 748,168 $ 794,624 Asia 162,825 242,989 336,195 473,209 Europe 40,505 35,549 82,520 71,248 Elimination of intersegment sales (19,342) (28,142) (38,316) (54,118) $ 579,342 $ 664,038 $ 1,128,567 $ 1,284,963 Depreciation and amortization: Americas $ 5,842 $ 6,234 $ 11,608 $ 12,129 Asia 4,129 4,332 8,249 8,802 Europe 692 600 1,396 1,246 Corporate 3,330 1,176 6,647 2,303 $ 13,993 $ 12,342 $ 27,900 $ 24,480 Income from operations: Americas $ 21,434 $ 19,523 $ 39,479 $ 32,012 Asia 11,665 17,742 22,557 33,927 Europe 2,536 1,828 5,488 3,300 Corporate and intersegment eliminations (17,895) (12,885) (33,516) (24,323) $ 17,740 $ 26,208 $ 34,008 $ 44,916 Capital expenditures: Americas $ 5,387 $ 3,412 $ 9,596 $ 10,340 Asia 1,464 1,506 4,573 9,396 Europe 491 1,657 672 3,296 Corporate 1,024 1,604 1,362 1,974 $ 8,366 $ 8,179 $ 16,203 $ 25,006 June 30, December 31, 2016 2015 Total assets: Americas $ 832,224 $ 867,858 Asia 630,164 604,554 Europe 325,231 305,833 Corporate and other 112,530 115,633 $ 1,900,149 $ 1,893,878 Geographic net sales information reflects the destination of the product shipped. Long-lived assets information is based upon the physical location of the asset. Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2016 2015 2016 2015 Geographic net sales: United States $ 412,203 $ 491,834 $ 797,191 $ 939,159 Asia 82,257 79,620 153,719 162,011 Europe 57,583 48,767 122,527 101,474 Other Foreign 27,299 43,817 55,130 82,319 $ 579,342 $ 664,038 $ 1,128,567 $ 1,284,963 June 30, December 31, 2016 2015 Long-lived assets: United States $ 169,160 $ 172,958 Asia 71,919 77,237 Europe 9,371 9,704 Other 27,777 31,046 $ 278,227 $ 290,945

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Note 10 – Supplemental Cash Flow Information The following information concerns supplemental disclosures of cash payments. Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2016 2015 2016 2015 Income taxes paid, net $ 2,703 $ 2,452 $ 4,820 $ 3,856 Interest paid 2,113 449 4,182 850

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2016
Contingencies [Abstract]
Contingencies	Note 11 – Contingencies The Company is involved in various legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s consolidated financial position or results of operations.

Impact Of Recently Enacted Acco

Impact Of Recently Enacted Accounting Standards	6 Months Ended
	Jun. 30, 2016
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Impact of Recently Enacted Accounting Standards	Note 12 – Impact of Recently Enacted Accounting Standards In June 2016, the Financial Accounting Standards Board ( FASB ) issued a new accounting standards update which replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. This update is effective for annual reporting periods beginning after December 15, 2019. The Company do es not expect the implementation of this update to have a material impact on i ts consolidated financial position, results of operations or cash flows. In March 2016, the FASB issued a new accounting standard update intended to simplify several aspects of the accounting for share-based payment transactions including: income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. Specifically, the update requires that excess tax benefits and tax deficiencies (the difference between the deduction for tax purposes and the compensation cost recognized for financial reporting purposes) be recognized as income tax expense or benefit in the Consolidated Statement of Income, introducing a new ele ment of volatility to the provision for income taxes. This update is effective for fiscal years beginning after December 15, 2016. Early adoption is permitted. The application of the amendments requires various transition methods depending on the specific item. The Company will adopt this update effective January 1, 2017 and is currently evaluating the impact this standard will have on its consolidated financial statements and related disclosures. In February 2016, the FASB issued a new accounting standard s update changing the accounting for leases and including a requirement to record all leases on the consolidated balance sheets as assets and liabilities. This update is effective for fiscal years beginning after December 15, 2018. The Company will adopt t his update effective January 1, 2019. The adoption of this standard will impact the Compan y’s consolidated balance sheet. The Company is currently evaluating the impact this standard will have on its consolidated financial statements . In July 2015, the FASB issued an accounting standards update, which applies to inventory that is measured using first-in, first-out or average cost, with new guidance on simplifying the measurement of inventory. Inventory within the scope of this update is required to be measured at the lower of its cost or net realizable value, with net realizable value being the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The st andards update is effective prospectively for fiscal years and interim periods beginning after December 15, 2016, with early adoption permitted. The Company will adopt this update effective January 1, 2017 and does not expect the standard to have a materia l impact on i ts consolidated financial position, results of operations or cash flows. In May 2014, the FASB issued a new standard that will supersede most of the existing revenue recognition requirements in current U.S. GAAP. The new standard will requir e companies to recognize revenue in an amount reflecting the consideration to which they expect to be entitled in exchange for transferring goods or services to a customer. The new standard will also require significantly expanded disclosures regarding the qualitative and quantitative information of the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The new standard will permit the use of either the retrospective or cumulative effect transition method , with early application not permitted. In July 2015, the FASB deferred the effective date of the new revenue standard. As a result, the Company will be required to adopt the new standard as of January 1, 2018. Early adoption is permitted to the original e ffective date of January 1, 2017. The Company is currently evaluating the impact the pronouncement will have on its consolidated financial statements and related disclosures and has not yet selected a transition method. As the new standard will supersede a ll existing revenue guidance affecting the Company under U.S. GAAP, it could impact revenue and cost recognition on contracts across all its business segments, in addition to its business processes and information technology systems. As a result, the Compa ny’s evaluation of the effect of the new standard will continue over the next several periods . The Company will adopt this update effective January 1, 2018. The Company has determined that no other recently issued accounting standards will have a material impact on its consolidated financial pos ition, results of operations or cash flows, or will not apply to its operat ions.

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2016
Restructuring Charges [Abstract]
Restructuring Charges	Note 13 – Restructuring Charges The Company has undertaken initiatives to restructure its business operations to improv e utilization and realize cost savings. These initiatives have included changing the number and location of production facilities, largely to align capacity and infrastructure with current and anticipated customer demand. This alignment includes transferring programs from higher c ost geographies to lower cost geographies. The process of restructuring entails moving production between facilities, reducing staff levels, realig ning our business processes, reorganizing our management and other activities. The Company recognized restru cturing charges during 2016 and 2015 primarily related to the closure of facilities in the Americas , capacity reduction and reductions in workforce in certain facilities across various regions. The following table summarizes the 2016 activity in the accrued restru cturing balances related to the restructuring activities initiated prior to June 30, 2016 : Balance as of Foreign Balance as of December 31, Restructuring Cash Exchange June 30, (in thousands) 2015 Charges Payment Adjustments 2016 2016 Restructuring: Severance $ - $ 2,019 $ (2,019) $ - $ - Other exit costs - 459 (459) - - - 2,478 (2,478) - - 2015 Restructuring: Severance 222 - (224) 3 1 Leased facilities and equipment 928 - (904) - 24 Other exit costs 186 (22) (164) - - 1,336 (22) (1,292) 3 25 Total $ 1,336 $ 2,456 $ (3,770) $ 3 $ 25

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2016
Fair Value [Abstract]
Fair Value	Note 14 – Fair Value Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A three-tier fair value hierarchy of inputs is employed to det ermine fair value measurements. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets and liabilities . Level 2 inputs are observable prices that are not quoted on active exchanges, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations whose inputs are observable or whose significant val ue drivers are observable . Level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities . This hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inp uts when determining fair value. The Company’s financial instruments include cash equivalents, accounts and other receivable s , accounts payable, accrued liabilities and long-term debt and capital lease obligations. The Company believes that the carrying values of these instruments approximate fair value . As of June 30, 2016 , the Company’s long-term investmen ts and derivative instruments were recorded at fair va lue using Level 3 inputs. The Company uses derivative instruments to manage the variability of foreign currency o bligations and interest rates. The Company does not enter into derivatives for speculative purposes. The forward currency exchange contracts i n place as of June 30, 2016 have not been designated as accounting hedges and, therefore, changes in fai r value are recorded within the Condensed C onsolidated Statements of In come. The Company has an interest rate swap agreemen t with a notional amou nt of $168.2 million and $172.5 m illion as of June 30, 2016 and December 31, 2015 , respectively, to hedge a portion of its interest rate exposure on the outstanding borrowings under the Credit Agreement. Under this interest rate swap agreement, th e Company receive s variable rate interest rate payments based on the one-month LIBOR rate and pay s fixed rate interest payments. The fixed interest rate for the contract is 1.4935%. The effect of this swa p is to convert a portion of the Company’s floating rate interest expense to fixed interest rate expense. Based on the terms of the interest rate swap contract and the underlying borrowings outstanding under the Credit Agreement, the interest rate contract was determined to be effective, and thus qualifies and has been designated as a cash flow hedge. As such, changes in the fair value of the interest rate swap are recorded in other comprehens ive income on the accompanying Condensed C onsolidated Balance S heets until earnings are affected by the variability o f cash flows. The fair value of the interest rate swap was a $4.7 million liability as of June 30, 2016 and $0 as of December 31, 2015 , which was its effective date. During the six months ended June 30, 2016 , the Company recorded unrealized losses of $4 . 7 million ($2.9 million net of tax) on the swap in other comprehensive income . See Note 15 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2016
Comprehensive Income Net Of Tax [Abstract]
Accumulated Other Comprehensive Loss	Note 15 – Accumulated Other Comprehensive Loss The changes in accumulated other c omprehensive loss by component we re as follows: Foreign Unrealized currency Derivative loss on translation instruments, investments, (in thousands) adjustments net of tax net of tax Other Total Balances, December 31, 2015 $ (13,079) $ — $ (95) $ 158 $ (13,016) Other comprehensive loss before reclassifications 516 (2,899) 16 — (2,367) Net current period other comprehensive loss 516 (2,899) 16 — (2,367) Balances, June 30, 2016 $ (12,563) $ (2,899) $ (79) $ 158 $ (15,383) See Note 14 for further explanation of the change in derivative instruments that is recorded to Accumulated Other Comprehensive Loss.

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Schedule Of Purchase Price Allocation	The following reconciliation of the purchase price for Secure reflects the preliminary purchase price allocation (in thousands): Purchase price paid $ 230,504 Cash acquired (922) Purchase price, net of cash received $ 229,582 Acquisition-related costs for 2016 $ 128 Recognized amounts of identifiable assets acquired and liabilities assumed: Cash $ 922 Accounts receivable 12,521 Inventories 15,815 Other current assets 1,569 Property, plant and equipment 2,048 Other assets 97 Trade names and trademarks intangible 7,800 Technology licenses intangible 15,500 Customer relationships intangible 67,100 Goodwill 154,065 Current liabilities (16,936) Long-term debt (24) Other long-term liabilities (800) Deferred income taxes (29,173) Total identifiable net assets $ 230,504
Schedule of Pro Forma Information	Pro forma condensed consolidated financial information for the six months ended June 30, 2015 (unaudited) (in thousands) : Net sales $ 1,337,387 Net income $ 36,591

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule Of Unrecognized Compensation Cost And Remaining Weighted-Average Amortization Stock-Based Awards	As of June 30, 2016 , the unrecognized compensation cost and remaining weighted-average amortization related to stock-based awards were as follows: Performance- based Restricted Restricted Stock Stock Stock (in thousands) Options Units Units (1) Unrecognized compensation cost $ 3,112 $ 11,033 $ 5,000 Remaining weighted-average amortization period 1.6 years 2.6 years 2.0 years (1) Based on the probable achievement of the performance goals identified in each award.
Weighted-Average Assumptions Used To Value The Options Granted	The weighted-average fair value per option granted during the six months ended June 30, 2015 was $8.76, respectively. No options were granted during the six months ended June 30, 2016 or the three months ended June 30, 2015 . The weighted-average assumptions used to value the options granted during the six months ended June 30, 2015 were as follows (in thousands) : Options granted 289 Expected term of options 6.4 years Expected volatility 35% Risk-free interest rate 1.886% Dividend yield zero
Summary Of Stock Options	The following table summarizes activities relating to the Company’s stock options: Weighted- Weighted- Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic (in thousands, except per share data) Options Price Term (Years) Value Outstanding as of December 31, 2015 2,580 $20.49 Exercised (51) 16.04 Forfeited or expired (314) 23.60 Outstanding as of June 30, 2016 2,215 $20.16 4.72 $ 5,308 Exercisable as of June 30, 2016 1,770 $19.67 3.31 $ 5,022
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Stock-Based Awards	The following table summarizes the activities related to the Company’s ti me-based restricted stock units: Weighted- Average Number of Grant Date (in thousands, except per share data) Units Fair Value Non-vested awards outstanding as of December 31, 2015 467 $21.59 Granted 314 21.47 Vested (171) 21.01 Forfeited (20) 22.10 Non-vested awards outstanding as of June 30, 2016 590 $21.67
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Stock-Based Awards	The following table summarizes the activi ties related to the Company’s performance-based restricted stock units: Weighted- Average Number of Grant Date (in thousands, except per share data) Units Fair Value Non-vested units outstanding as of December 31, 2015 306 $19.77 Granted (1) 184 21.63 Forfeited or expired (108) 17.35 Non-vested units outstanding as of June 30, 2016 382 $21.35 (1) Represents target number of units that can vest based on the achievement of the performance goals.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Earnings per Share	The following table sets forth the calculation of basic and diluted earnings per share : Three Months Ended Six Months Ended June 30, June 30, (in thousands, except per share data) 2016 2015 2016 2015 Net income $ 12,685 $ 21,210 $ 23,737 $ 35,415 Denominator for basic earnings per share - weighted-average number of common shares outstanding during the period 49,323 52,180 49,586 52,321 Incremental common shares attributable to exercise of dilutive options 287 386 289 387 Incremental common shares attributable to outstanding restricted stock units 57 105 167 176 Denominator for diluted earnings per share 49,667 52,671 50,042 52,884 Basic earnings per share $ 0.26 $ 0.41 $ 0.48 $ 0.68 Diluted earnings per share $ 0.26 $ 0.40 $ 0.47 $ 0.67

Goodwill And Other Intangible26

Goodwill And Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Goodwill And Other Intangible Assets [Abstract]
Goodwill Rollforward	G oodwill allocated to the Co mpany’s reportable segments was as follows: (in thousands) Americas Asia Total Goodwill as of December 31, 2015 $ 161,188 $ 38,102 $ 199,290 Purchase accounting adjustments 745 - 745 Goodwill as of June 30, 2016 $ 161,933 $ 38,102 $ 200,035
Schedule Of Intangible Assets	Acquired identifiable i ntangible assets as of June 30, 2016 and December 31, 2015 were as follows: Gross Net Carrying Accumulated Carrying (in thousands) Amount Amortization Amount Customer relationships $ 100,112 $ (23,888) $ 76,224 Purchased software costs 30,799 (27,966) 2,833 Technology licenses 26,800 (12,192) 14,608 Trade names and trademarks 7,800 - 7,800 Other 868 (225) 643 Other intangible assets, June 30, 2016 $ 166,379 $ (64,271) $ 102,108 Gross Net Carrying Accumulated Carrying (in thousands) Amount Amortization Amount Customer relationships $ 100,092 $ (19,822) $ 80,270 Purchased software costs 29,754 (27,394) 2,360 Technology licenses 26,800 (10,477) 16,323 Trade names and trademarks 7,800 - 7,800 Other 868 (213) 655 Other intangible assets, December 31, 2015 $ 165,314 $ (57,906) $ 107,408
Schedule Of Estimated Future Amortization Expense	The estimated future amortization expense of other intangible assets for each of the next five years is as follows (in thousands): Year ending December 31, Amount 2016 (remaining six months) $ 6,735 2017 10,680 2018 9,832 2019 9,705 2020 9,170

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2016
Inventories [Abstract]
Schedule Of Inventory Costs	Note 7 – Inventories Inventory costs are summarized as follows: June 30, December 31, (in thousands) 2016 2015 Raw materials $ 249,376 $ 276,470 Work in process 94,253 86,475 Finished goods 31,456 49,041 $ 375,085 $ 411,986

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2016
Income Taxes [Abstract]
Schedule Of Income Tax Expense	Note 8 – Income Taxes Income tax expense consists of the following: Six Months Ended June 30, (in thousands) 2016 2015 Federal – current $ 9 $ 320 Foreign – current 3,186 3,321 State – current 235 192 Deferred 2,649 5,000 $ 6,079 $ 8,833
Schedule Of Tax Incentives	Six Months Ended June 30, (in thousands) 2016 2015 China $ - $ 950 Malaysia 707 1,109 Thailand 1,337 2,515 $ 2,044 $ 4,574

Segment And Geographic Inform29

Segment And Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2016
Segment And Geographic Information [Abstract]
Schedule Of Operating Segments	Informa tion about operating segments i s as follows: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2016 2015 2016 2015 Net sales: Americas $ 395,354 $ 413,642 $ 748,168 $ 794,624 Asia 162,825 242,989 336,195 473,209 Europe 40,505 35,549 82,520 71,248 Elimination of intersegment sales (19,342) (28,142) (38,316) (54,118) $ 579,342 $ 664,038 $ 1,128,567 $ 1,284,963 Depreciation and amortization: Americas $ 5,842 $ 6,234 $ 11,608 $ 12,129 Asia 4,129 4,332 8,249 8,802 Europe 692 600 1,396 1,246 Corporate 3,330 1,176 6,647 2,303 $ 13,993 $ 12,342 $ 27,900 $ 24,480 Income from operations: Americas $ 21,434 $ 19,523 $ 39,479 $ 32,012 Asia 11,665 17,742 22,557 33,927 Europe 2,536 1,828 5,488 3,300 Corporate and intersegment eliminations (17,895) (12,885) (33,516) (24,323) $ 17,740 $ 26,208 $ 34,008 $ 44,916 Capital expenditures: Americas $ 5,387 $ 3,412 $ 9,596 $ 10,340 Asia 1,464 1,506 4,573 9,396 Europe 491 1,657 672 3,296 Corporate 1,024 1,604 1,362 1,974 $ 8,366 $ 8,179 $ 16,203 $ 25,006 June 30, December 31, 2016 2015 Total assets: Americas $ 832,224 $ 867,858 Asia 630,164 604,554 Europe 325,231 305,833 Corporate and other 112,530 115,633 $ 1,900,149 $ 1,893,878
Schedule Of Geographic Net Sales And Long-Lived Assets	Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2016 2015 2016 2015 Geographic net sales: United States $ 412,203 $ 491,834 $ 797,191 $ 939,159 Asia 82,257 79,620 153,719 162,011 Europe 57,583 48,767 122,527 101,474 Other Foreign 27,299 43,817 55,130 82,319 $ 579,342 $ 664,038 $ 1,128,567 $ 1,284,963 June 30, December 31, 2016 2015 Long-lived assets: United States $ 169,160 $ 172,958 Asia 71,919 77,237 Europe 9,371 9,704 Other 27,777 31,046 $ 278,227 $ 290,945

Supplemental Cash Flow Inform30

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Information [Abstract]
Schedule of Supplemental Cash Flow Information	Note 10 – Supplemental Cash Flow Information The following information concerns supplemental disclosures of cash payments. Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2016 2015 2016 2015 Income taxes paid, net $ 2,703 $ 2,452 $ 4,820 $ 3,856 Interest paid 2,113 449 4,182 850

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2016
Restructuring Charges [Abstract]
Schedule Of Accrued Restructuring	The following table summarizes the 2016 activity in the accrued restru cturing balances related to the restructuring activities initiated prior to June 30, 2016 : Balance as of Foreign Balance as of December 31, Restructuring Cash Exchange June 30, (in thousands) 2015 Charges Payment Adjustments 2016 2016 Restructuring: Severance $ - $ 2,019 $ (2,019) $ - $ - Other exit costs - 459 (459) - - - 2,478 (2,478) - - 2015 Restructuring: Severance 222 - (224) 3 1 Leased facilities and equipment 928 - (904) - 24 Other exit costs 186 (22) (164) - - 1,336 (22) (1,292) 3 25 Total $ 1,336 $ 2,456 $ (3,770) $ 3 $ 25

Accumulated Other Comprehensi32

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2016
Comprehensive Income Net Of Tax [Abstract]
Schedule Of Accumulated Other Comprehensive Loss	The changes in accumulated other c omprehensive loss by component we re as follows: Foreign Unrealized currency Derivative loss on translation instruments, investments, (in thousands) adjustments net of tax net of tax Other Total Balances, December 31, 2015 $ (13,079) $ — $ (95) $ 158 $ (13,016) Other comprehensive loss before reclassifications 516 (2,899) 16 — (2,367) Net current period other comprehensive loss 516 (2,899) 16 — (2,367) Balances, June 30, 2016 $ (12,563) $ (2,899) $ (79) $ 158 $ (15,383)

Acquisition (Narratives) (Detai

Acquisition (Narratives) (Details) - Secure [Member] - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2015	Jun. 30, 2016
Business Combinations [Line Items]
Acquisition Date	Nov. 12, 2015
Name of acquired entity		Secure Communication Systems, Inc. and its subsidiaries (collectively referred to as Secure Technology or Secure)
Purchase price paid	$ 230,504
Goodwill		$ 154,065

Acquisition (Schedule Of Purcha

Acquisition (Schedule Of Purchase Price Allocation) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2015	Jun. 30, 2016	Jun. 30, 2015
Business Acquisition Pro Forma Information [Abstract]
Net sales			$ 1,337,387
Net income			$ 36,591
Secure [Member]
Business Combinations [Line Items]
Purchase price paid	$ 230,504
Cash acquired	(922)
Purchase price, net of cash acquired	$ 229,582
Integration and Acquisition-related costs for 2016		$ 128
Cash		922
Accounts receivable		12,521
Inventories		15,815
Other current assets		1,569
Property, plant and equipment		2,048
Other assets		97
Trade names and trademarks intangible		7,800
Technology licenses intangible		15,500
Customer relationships intangible		67,100
Goodwill		154,065
Current liabilities		(16,936)
Long-term debt		(24)
Other long-term liabilities		(800)
Deferred income taxes		(29,173)
Total identifiable net assets		$ 230,504

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares available for issuance	3.1		3.1
Compensation cost recognized for stock-based awards	$ 1.9	$ 2.1	$ 4	$ 4
Income tax benefit recognized in the income statement for stock-based awards	$ 0.7	$ 0.8	1.5	1.6
Total cash received as a result of stock option exercises			0.8	1.5
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options			1.6	1.9
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value			$ 0.3	$ 0.5
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of options			10 years
Weighted-average fair value per option granted				$ 8.76
Employee Awards [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Employee Awards [Member] | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Employee Awards [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Non-Employee Awards [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			1 year

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule Of Unrecognized Compensation Cost And Remaining Weighted-Average Amortization Period) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 3,112
Remaining weighted-average amortization period	1 year 7 months 6 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 11,033
Remaining weighted-average amortization period	2 years 7 months 6 days
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 5,000
Remaining weighted-average amortization period	2 years

Stock-Based Compensation (Weigh

Stock-Based Compensation (Weighted-Average Assumptions) (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2015shares
Stock-Based Compensation [Abstract]
Options granted	289
Expected term of options	6 years 4 months 24 days
Expected volatility	35.00%
Risk-free interest rate	1.886%
Dividend yield	0.00%

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Stock Options) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Stock-Based Compensation [Abstract]
Number of Options, Outstanding, Beginning balance	2,580
Number of Options, Granted		289
Number of Options, Exercised	(51)
Number of Options, Forfeited or expired	(314)
Number of Options, Outstanding, Ending balance	2,215
Number of Options, Exercisable as of June 30, 2016	1,770
Weighted-Average Exercise Price, Outstanding, Beginning balance	$ 20.49
Weighted-Average Exercise Price, Exercised	16.04
Weighted-Average Exercise Price, Forfeited or expired	23.6
Weighted-Average Exercise Price, Outstanding, Ending balance	20.16
Weighted-Average Exercise Price, Exercisable as of June 30, 2016	$ 19.67
Weighted-Average Remaining Contractual Term (Years), Outstanding	4 years 8 months 19 days
Weighted-Average Remaining Contractual Term (Years), Exercisable as of June 30, 2016	3 years 3 months 22 days
Aggregate Intrinsic Value, Outstanding as of June 30, 2016	$ 5,308
Aggregate Intrinsic Value, Exercisable as of June 30, 2016	$ 5,022

Stock-Based Compensation (Sum39

Stock-Based Compensation (Summary Of Stock-Based Awards) (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested shares outstanding, shares or units, beginning balance | shares	467
Granted, shares or units | shares	314
Vested, shares or units | shares	(171)
Forfeited, shares or units | shares	(20)
Non-vested shares outstanding, shares or units, ending balance | shares	590
Non-vested outstanding, weighted-average grant date fair value, beginning balance | $ / shares	$ 21.59
Granted, weighted-average grant date fair value | $ / shares	21.47
Vested, weighted-average grant date fair value | $ / shares	21.01
Forfeited, weighted-average grant date fair value | $ / shares	22.1
Non-vested outstanding, weighted-average grant date fair value, ending balance | $ / shares	$ 21.67
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested shares outstanding, shares or units, beginning balance | shares	306
Granted, shares or units | shares	184
Forfeited, shares or units | shares	(108)
Non-vested shares outstanding, shares or units, ending balance | shares	382
Non-vested outstanding, weighted-average grant date fair value, beginning balance | $ / shares	$ 19.77
Granted, weighted-average grant date fair value | $ / shares	21.63
Forfeited, weighted-average grant date fair value | $ / shares	17.35
Non-vested outstanding, weighted-average grant date fair value, ending balance | $ / shares	$ 21.35

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share Reconciliation [Line Items]
Net income	$ 12,685	$ 21,210	$ 23,737	$ 35,415
Denominator for basic earnings per share - weighted-average number of common shares outstanding during the period	49,323	52,180	49,586	52,321
Denominator for diluted earnings per share	49,667	52,671	50,042	52,884
Basic earnings per share	$ 0.26	$ 0.41	$ 0.48	$ 0.68
Diluted earnings per share	$ 0.26	$ 0.4	$ 0.47	$ 0.67
Stock Options [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to stock-based awards	287	386	289	387
Anti-dilutive options to purchase common shares	1,000	1,000	1,000	1,000
Restricted Stock Units [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to stock-based awards	57	105	167	176

Goodwill and Other Intangible41

Goodwill and Other Intangible Assets (Schedule of Goodwill by Reportable Segments) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 199,290
Purchase accounting adjustments	745
Goodwill, ending balance	200,035
Americas [Member]
Goodwill [Line Items]
Goodwill, beginning balance	161,188
Purchase accounting adjustments	745
Goodwill, ending balance	161,933
Asia [Member]
Goodwill [Line Items]
Goodwill, beginning balance	38,102
Purchase accounting adjustments	0
Goodwill, ending balance	$ 38,102

Goodwill And Other Intangible42

Goodwill And Other Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Goodwill And Other Intangible Assets [Line Items]
Amortization of intangible assets	$ 6.4	$ 2.6
Minimum [Member] | Customer Relationships [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	10 years
Minimum [Member] | Purchased Software Costs [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	2 years
Maximum [Member] | Customer Relationships [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	14 years
Maximum [Member] | Purchased Software Costs [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	10 years

Goodwill And Other Intangible43

Goodwill And Other Intangible Assets (Schedule Of Other Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 166,379	$ 165,314
Accumulated amortization	(64,271)	(57,906)
Net carrying amount	102,108	107,408
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	100,112	100,092
Accumulated amortization	(23,888)	(19,822)
Net carrying amount	76,224	80,270
Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	30,799	29,754
Accumulated amortization	(27,966)	(27,394)
Net carrying amount	2,833	2,360
Technology Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	26,800	26,800
Accumulated amortization	(12,192)	(10,477)
Net carrying amount	14,608	16,323
Trade Names and Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	7,800	7,800
Accumulated amortization	0	0
Net carrying amount	7,800	7,800
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	868	868
Accumulated amortization	(225)	(213)
Net carrying amount	$ 643	$ 655

Goodwill And Other Intangible44

Goodwill And Other Intangible Assets (Schedule Of Estimated Future Amortization Expense) (Details) $ in Thousands	Jun. 30, 2016USD ($)
Goodwill And Other Intangible Assets [Abstract]
2016 (remaining six months)	$ 6,735
2,017	10,680
2,018	9,832
2,019	9,705
2,020	$ 9,170

Borrowing Facilities (Details)

Borrowing Facilities (Details) THB in Millions, $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016THB	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Nov. 12, 2015USD ($)
Line of Credit Facility [Line Items]
Credit Agreement maturity date	Nov. 12, 2020
Derivative Notional Amount							$ 168.2	$ 172.5
Credit Agreement [Member]
Line of Credit Facility [Line Items]
Credit Agreement description	On November 12, 2015, the Company entered into a $430 million Credit Agreement (the Credit Agreement) by and among Benchmark, JPMorgan Chase Bank, N.A. as administrative agent and collateral agent (the Administrative Agent), and the financial institutions acting as lenders thereunder from time to time. This Credit Agreement provides for a five-year $200 million revolving credit facility and a five-year $230 million term loan facility (the Term Loan), both with a maturity date of November 12, 2020.
Credit Agreement capacity							430
Description of variable interest rate basis	Interest on outstanding borrowings under the Credit Agreement accrues, at our option, at (a) the adjusted London interbank offered rate (LIBOR) as administered by the ICE Benchmark Administration plus 1.25% to 2.25%, or (b) the alternative base rate plus 0.25% to 1.25%, and is payable quarterly in arrears. The alternative base rate is equal to the highest of (i) the Administrative Agent’s prime rate, (ii) the federal funds rate plus 0.50% and (iii) the adjusted LIBOR rate plus 1.00%. The margin on the interest rates fluctuates based upon the ratio of Benchmark’s debt to its consolidated EBITDA (the Total Leverage Ratio).
Credit Agreement covenant terms	The Credit Agreement contains financial covenants as to debt leverage and interest coverage, and certain customary affirmative and negative covenants, including restrictions on our ability to incur additional debt and liens, pay dividends, repurchase shares, sell assets and merge or consolidate with other persons. Amounts due under the Credit Agreement may be accelerated upon specified events of default, including a failure to pay amounts due, breach of a covenant, material inaccuracy of a representation, or occurrence of bankruptcy or insolvency, subject, in some cases, to cure periods.
Credit agreement, secured by percentage of stock of the Company's domestic subsidiaries	100.00%
Credit agreement, secured by percentage of voting capital stock of each direct foreign subsidiary	65.00%
Credit Agreement covenant compliance	As of June 30, 2016 and December 31, 2015, the Company was in compliance with all of these covenants and restrictions.
Credit Agreement [Member] | JP Morgan Credit Agreement [Member]
Line of Credit Facility [Line Items]
Credit Agreement issuer	JPMorgan Chase Bank, N.A. as administrative agent and collateral agent (the Administrative Agent), and the financial institutions acting as lenders thereunder from time to time
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit Agreement capacity							200
Term period	5 years
Credit Agreement maturity date	Nov. 12, 2020
Possible increase to total commitments under Credit Agreement							150
Letters of credit outstanding amount							2.1
Revolving credit facility, available for future borrowings							197.9
Term Loan Facility [Member]
Line of Credit Facility [Line Items]
Term period	5 years
Credit Agreement maturity date	Nov. 12, 2020
Term Loan Description	a five-year $230 million term loan facility (the Term Loan), both with a maturity date of November 12, 2020.
Term Loan proceeds									$ 230
Term Loan frequency of periodic payments	quarterly
Term Loan first required payment date	Mar. 31, 2016
Derivative Notional Amount							168.2
Term Loan principal amount							224.3
Term Loan Facility [Member] | Scenario Forecast [Member]
Line of Credit Facility [Line Items]
Quarterly principal installments		$ 8.6	$ 5.8	$ 4.3	$ 2.9	$ 2.9
Standby Letters Of Credit [Member]
Line of Credit Facility [Line Items]
Revolving Credit Facility capacity availability							20
Foreign currencies [Member]
Line of Credit Facility [Line Items]
Revolving Credit Facility capacity availability							$ 20
Thailand Subsidiary [Member]
Line of Credit Facility [Line Items]
Credit Agreement capacity | THB	THB 350
Thailand Subsidiary [Member] | Thailand Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit Agreement maturity date	Oct. 31, 2016
Minimum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
U.S. Credit facility, commitment fee	0.30%
Maximum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
U.S. Credit facility, commitment fee	0.40%
LIBOR Plus [Member] | Minimum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.25%
LIBOR Plus [Member] | Maximum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.25%
Alternate Base Rate Plus [Member] | Minimum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.25%
Alternate Base Rate Plus [Member] | Maximum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.25%

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventory Costs) (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Inventories [Abstract]
Raw materials	$ 249,376	$ 276,470
Work in process	94,253	86,475
Finished goods	31,456	49,041
Inventories	$ 375,085	$ 411,986

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income Taxes [Line Items]
Income tax incentives	$ 2,044	$ 4,574
Net impact of tax incentives, per diluted share	$ 0.04	$ 0.09
Unrecognized tax benefits including interest and penalties	$ 16,500
Interest on unrecognized tax	1,700
Penalty on unrecognized tax	1,600
Reduction in unrecognized tax benefits within next twelve months	8,300
China [Member]
Income Taxes [Line Items]
Income tax incentives	0	$ 950
Malaysia [Member}
Income Taxes [Line Items]
Income tax incentives	$ 707	1,109
Income tax holidays expiration date	2,025
Thailand [Member]
Income Taxes [Line Items]
Income tax incentives	$ 1,337	$ 2,515
Income tax holidays expiration date	2,028

Income Taxes (Schedule Of Incom

Income Taxes (Schedule Of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Taxes [Abstract]
Federal - Current			$ 9	$ 320
Foreign - Current			3,186	3,321
State - Current			235	192
Deferred			2,649	5,000
Total income tax expense	$ 3,156	$ 5,390	$ 6,079	$ 8,833

Income Taxes (Schedule Of Tax I

Income Taxes (Schedule Of Tax Incentives) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Income tax incentives	$ 2,044	$ 4,574
China [Member]
Income tax incentives	0	950
Malaysia [Member}
Income tax incentives	707	1,109
Thailand [Member]
Income tax incentives	$ 1,337	$ 2,515

Segment And Geographic Inform50

Segment And Geographic Information (Operating Segments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Net sales	$ 579,342	$ 664,038	$ 1,128,567	$ 1,284,963
Depreciation and amortization	13,993	12,342	27,900	24,480
Income from operations	17,740	26,208	34,008	44,916
Capital expenditures	8,366	8,179	16,203	25,006
Total assets	1,900,149		1,900,149		$ 1,893,878
Elimination Of Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Net sales	(19,342)	(28,142)	(38,316)	(54,118)
Corporate And Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income from operations	(17,895)	(12,885)	(33,516)	(24,323)
Americas [Member]
Segment Reporting Information [Line Items]
Net sales	395,354	413,642	748,168	794,624
Depreciation and amortization	5,842	6,234	11,608	12,129
Income from operations	21,434	19,523	39,479	32,012
Capital expenditures	5,387	3,412	9,596	10,340
Total assets	832,224		832,224		867,858
Asia [Member]
Segment Reporting Information [Line Items]
Net sales	162,825	242,989	336,195	473,209
Depreciation and amortization	4,129	4,332	8,249	8,802
Income from operations	11,665	17,742	22,557	33,927
Capital expenditures	1,464	1,506	4,573	9,396
Total assets	630,164		630,164		604,554
Europe [Member]
Segment Reporting Information [Line Items]
Net sales	40,505	35,549	82,520	71,248
Depreciation and amortization	692	600	1,396	1,246
Income from operations	2,536	1,828	5,488	3,300
Capital expenditures	491	1,657	672	3,296
Total assets	325,231		325,231		305,833
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Total assets	112,530		112,530		$ 115,633
Corporate [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	3,330	1,176	6,647	2,303
Capital expenditures	$ 1,024	$ 1,604	$ 1,362	$ 1,974

Segment And Geographic Inform51

Segment And Geographic Information (Schedule Of Geographic Net Sales And Long-Lived Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Geographic net sales	$ 579,342	$ 664,038	$ 1,128,567	$ 1,284,963
Long-lived assets	278,227		278,227		$ 290,945
United States [Member]
Segment Reporting Information [Line Items]
Geographic net sales	412,203	491,834	797,191	939,159
Long-lived assets	169,160		169,160		172,958
Asia [Member]
Segment Reporting Information [Line Items]
Geographic net sales	82,257	79,620	153,719	162,011
Long-lived assets	71,919		71,919		77,237
Europe [Member]
Segment Reporting Information [Line Items]
Geographic net sales	57,583	48,767	122,527	101,474
Long-lived assets	9,371		9,371		9,704
Other Foreign [Member]
Segment Reporting Information [Line Items]
Geographic net sales	27,299	$ 43,817	55,130	$ 82,319
Long-lived assets	$ 27,777		$ 27,777		$ 31,046

Supplemental Cash Flow Inform52

Supplemental Cash Flow Information (Table Of Supplmental Cash Flow Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Supplemental Cash Flow Information [Abstract]
Income taxes paid, net	$ 2,703	$ 2,452	$ 4,820	$ 3,856
Interest paid	$ 2,113	$ 449	$ 4,182	$ 850

Restructuring Charges (Schedule

Restructuring Charges (Schedule Of Accrued Restructuring) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Restructuring Cost and Reserve [Line Items]
Beginning Balance	$ 1,336
Restructuring charges	2,456
Cash Payment	(3,770)
Foreign Exchange Adjustments	3
Ending Balance	25
2016 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	0
Restructuring charges	2,478
Cash Payment	(2,478)
Foreign Exchange Adjustments	0
Ending Balance	0
2015 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	1,336
Restructuring Reserve Accrual Adjustment	(22)
Cash Payment	(1,292)
Foreign Exchange Adjustments	3
Ending Balance	25
Severance [Member] | 2016 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	0
Restructuring charges	2,019
Cash Payment	(2,019)
Foreign Exchange Adjustments	0
Ending Balance	0
Severance [Member] | 2015 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	222
Restructuring charges	0
Cash Payment	(224)
Foreign Exchange Adjustments	3
Ending Balance	1
Lease Facility Costs [Member] | 2015 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	928
Restructuring charges	0
Cash Payment	(904)
Foreign Exchange Adjustments	0
Ending Balance	24
Other Exit Costs | 2016 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	0
Restructuring charges	459
Cash Payment	(459)
Foreign Exchange Adjustments	0
Ending Balance	0
Other Exit Costs | 2015 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	186
Restructuring Reserve Accrual Adjustment	(22)
Cash Payment	(164)
Foreign Exchange Adjustments	0
Ending Balance	$ 0

Fair Value (Narrative) (Details

Fair Value (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Fair Value [Abstract]
Interest rate swap notional amount	$ 168,200		$ 168,200		$ 172,500
Fixed interest rate	1.4935%		1.4935%
Fair value of interest rate swap	$ 4,700		$ 4,700		$ 0
Unrealized loss on interest rate swap			(4,700)
Unrealized loss on interest rate swap, net of tax	$ (667)	$ 0	$ (2,899)	$ 0

Accumulated Other Comprehensi55

Accumulated Other Comprehensive Loss (Schedule Of Accumulated Other Comprehensive Loss By Component) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			$ (13,016)
Other comprehensive loss before reclassifications			(2,367)
Other comprehensive income (loss)	$ (1,477)	$ 657	(2,367)	$ (2,804)
Accumulated other comprehensive loss, net of tax, ending balance	(15,383)		(15,383)
Foreign currency translaction adjustments [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			(13,079)
Other comprehensive loss before reclassifications			516
Other comprehensive income (loss)			516
Accumulated other comprehensive loss, net of tax, ending balance	(12,563)		(12,563)
Derivative instruments, net of tax [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			0
Other comprehensive loss before reclassifications			(2,899)
Other comprehensive income (loss)			(2,899)
Accumulated other comprehensive loss, net of tax, ending balance	(2,899)		(2,899)
Unrealized loss on investments, net of tax [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			(95)
Other comprehensive loss before reclassifications			16
Other comprehensive income (loss)			16
Accumulated other comprehensive loss, net of tax, ending balance	(79)		(79)
Other [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			158
Other comprehensive loss before reclassifications			0
Other comprehensive income (loss)			0
Accumulated other comprehensive loss, net of tax, ending balance	$ 158		$ 158