Benchmark Electronics (BHE) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 02, 2022
Cover [Abstract]
Entity Central Index Key	0000863436
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Document Period End Date	Jun. 30, 2022
Entity Registrant Name	BENCHMARK ELECTRONICS, INC.
Entity File Number	1-10560
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	74-2211011
Entity Address, Address Line One	56 South Rockford Drive
Entity Address, City or Town	Tempe
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85281
City Area Code	623
Local Phone Number	300-7000
Title of 12(b) Security	Common Stock, par value $0.10 per share
Trading Symbol	BHE
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		35,159,562

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 262,269	$ 271,749
Restricted cash	1,650	0
Accounts receivable, net of allowance for doubtful accounts of $908 and $788, respectively	446,515	355,883
Contract assets	179,172	155,243
Inventories	666,742	523,240
Prepaid expenses and other assets	44,901	41,688
Income taxes receivable	23	341
Total current assets	1,601,272	1,348,144
Property, plant and equipment, net	198,497	186,666
Operating lease right-of-use assets	98,580	99,158
Goodwill	192,116	192,116
Deferred income taxes	7,876	5,972
Other assets, net	68,444	71,824
Total assets	2,166,785	1,903,880
Current liabilities:
Current installments of long-term debt	2,630	985
Accounts payable	500,886	426,555
Advance payments from customers	173,557	118,124
Income taxes payable	14,609	6,164
Accrued liabilities	93,396	102,554
Total current liabilities	785,078	654,382
Long-term debt, less current installments	262,185	129,289
Operating lease liabilities	90,936	90,878
Other long-term liabilities	42,729	55,445
Deferred income taxes	84	84
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $0.10 par value; 5,000 shares authorized, none issued
Common stock, $0.10 par value; 145,000 shares authorized; issued and outstanding - 35,140 and 35,213, respectively	3,514	3,521
Additional paid-in capital	509,172	507,447
Retained earnings	491,379	479,992
Accumulated other comprehensive loss	(18,292)	(17,158)
Total shareholders’ equity	985,773	973,802
Total liabilities and shareholders' equity	$ 2,166,785	$ 1,903,880

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, accounts receivable	$ 908	$ 788
Preferred shares, par value	$ 0.10	$ 0.10
Preferred shares, shares authorized	5,000,000	5,000,000
Preferred shares, issued	0	0
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	145,000,000	145,000,000
Common stock, issued	35,140,000	35,213,000
Common stock, outstanding	35,140,000	35,213,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Sales	$ 728,029	$ 544,662	$ 1,364,112	$ 1,050,383
Cost of sales	669,273	496,749	1,247,754	960,243
Gross profit	58,756	47,913	116,358	90,140
Selling, general and administrative expenses	35,842	34,034	72,131	64,582
Amortization of intangible assets	1,592	1,599	3,201	3,197
Restructuring charges and other costs (income)	(1,110)	1,581	3,187	3,172
Ransomware related incident costs (recovery), net	0	0	0	(3,444)
Income from operations	22,432	10,699	37,839	22,633
Interest expense	(2,185)	(2,079)	(3,935)	(4,228)
Interest income	261	164	391	329
Other income	784	440	490	164
Income before income taxes	21,292	9,224	34,785	18,898
Income tax expense	4,071	1,855	6,604	3,612
Net income	$ 17,221	$ 7,369	$ 28,181	$ 15,286
Earnings per share:
Basic	$ 0.49	$ 0.21	$ 0.80	$ 0.42
Diluted	$ 0.49	$ 0.20	$ 0.79	$ 0.42
Weighted-average number of shares outstanding:
Basic	35,157	35,753	35,201	36,000
Diluted	35,336	36,061	35,616	36,474

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 17,221	$ 7,369	$ 28,181	$ 15,286
Other comprehensive income (loss):
Foreign currency translation adjustments	(3,501)	712	(4,656)	(1,708)
Unrealized gain (loss) on derivatives, net of tax	1,116	637	3,563	1,582
Other	(20)	117	(41)	256
Other comprehensive income (loss)	(2,405)	1,466	(1,134)	130
Comprehensive income	$ 14,816	$ 8,835	$ 27,047	$ 15,416

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning Balances, value at Dec. 31, 2020	$ 989,588	$ 3,629	$ 510,405	$ 492,205	$ (16,651)
Balances, shares at Dec. 31, 2020		36,295
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	6,863		6,863
Shares repurchased and retired, value	(30,319)	$ (99)	(11,227)	(18,993)
Shares repurchased and retired, shares		(1,008)
Stock options exercised, value	346	$ 3	343
Stock options exercised, shares		29
Vesting of restricted stock units, value		$ 35	(35)
Vesting of restricted stock units, shares		351
Shares withheld for taxes, value	(2,973)	$ (10)	(2,963)
Shares withheld for taxes, shares		(101)
Dividends declared	(11,643)			(11,643)
Net income	15,286			15,286
Other comprehensive income loss	130				130
Ending Balances, value at Jun. 30, 2021	967,278	$ 3,558	503,386	476,855	(16,521)
End Balances, shares at Jun. 30, 2021		35,566
Beginning Balances, value at Mar. 31, 2021	977,547	$ 3,608	505,659	486,267	(17,987)
Balances, shares at Mar. 31, 2021		36,062
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	4,013		4,013
Shares repurchased and retired, value	(17,267)	$ (57)	(6,300)	(10,910)
Shares repurchased and retired, shares		(567)
Stock options exercised, value	70		70
Stock options exercised, shares		4
Vesting of restricted stock units, value		$ 7	(7)
Vesting of restricted stock units, shares		69
Shares withheld for taxes, value	(49)		(49)
Shares withheld for taxes, shares		(2)
Dividends declared	(5,871)			(5,871)
Net income	7,369			7,369
Other comprehensive income loss	1,466				1,466
Ending Balances, value at Jun. 30, 2021	967,278	$ 3,558	503,386	476,855	(16,521)
End Balances, shares at Jun. 30, 2021		35,566
Beginning Balances, value at Dec. 31, 2021	$ 973,802	$ 3,521	507,447	479,992	(17,158)
Balances, shares at Dec. 31, 2021	35,213	35,213
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	$ 8,487		8,487
Shares repurchased and retired, value	(9,391)	$ (37)	(4,177)	(5,177)
Shares repurchased and retired, shares		(376)
Stock options exercised, value	$ 459	$ 3	456
Stock options exercised, shares	39	32
Vesting of restricted stock units, value		$ 39	(39)
Vesting of restricted stock units, shares		388
Shares withheld for taxes, value	$ (3,014)	$ (12)	(3,002)
Shares withheld for taxes, shares		(117)
Dividends declared	(11,617)			(11,617)
Net income	28,181			28,181
Other comprehensive income loss	(1,134)				(1,134)
Ending Balances, value at Jun. 30, 2022	$ 985,773	$ 3,514	509,172	491,379	(18,292)
End Balances, shares at Jun. 30, 2022	35,140	35,140
Beginning Balances, value at Mar. 31, 2022	$ 976,405	$ 3,526	506,714	482,052	(15,887)
Balances, shares at Mar. 31, 2022		35,261
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	4,281		4,281
Shares repurchased and retired, value	(3,909)	$ (16)	(1,802)	(2,091)
Shares repurchased and retired, shares		(162)
Vesting of restricted stock units, value		$ 4	(4)
Vesting of restricted stock units, shares		42
Shares withheld for taxes, value	(17)		(17)
Shares withheld for taxes, shares		(1)
Dividends declared	(5,803)			(5,803)
Net income	17,221			17,221
Other comprehensive income loss	(2,405)				(2,405)
Ending Balances, value at Jun. 30, 2022	$ 985,773	$ 3,514	$ 509,172	$ 491,379	$ (18,292)
End Balances, shares at Jun. 30, 2022	35,140	35,140

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 28,181	$ 15,286
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation	16,506	17,735
Amortization	5,356	4,259
Provision for doubtful accounts	120	40
Deferred income taxes	(3,100)	(944)
Loss (gain) on the sale of property, plant and equipment	(239)	14
Gain on assets held for sale	(393)	0
Stock-based compensation expense	8,487	6,863
Changes in operating assets and liabilities
Accounts receivable	(91,200)	18,959
Contract assets	(23,929)	(11,850)
Inventories	(146,178)	(88,634)
Prepaid expenses and other assets	(8,794)	(8,372)
Accounts payable	69,943	92,677
Advance payments from customers	55,433	4,563
Accrued liabilities	(12,177)	(11,854)
Operating leases	(470)	(485)
Income taxes	8,944	2,016
Net cash (used in) provided by operations	(93,510)	40,273
Cash flows from investing activities:
Additions to property, plant and equipment	(23,201)	(16,681)
Proceeds from the sale of property, plant and equipment	280	116
Proceeds from the sale of assets held for sale	5,372	0
Additions to purchased software	(1,770)	(1,938)
Other	5	72
Net cash used in investing activities	(19,314)	(18,431)
Cash flows from financing activities:
Debt issuance costs	(555)	0
Proceeds from stock options exercised	459	346
Employee taxes paid for with shares withheld	(3,014)	(2,973)
Dividends paid	(11,628)	(11,577)
Borrowings under credit agreement	398,000	0
Principal payments on credit agreement	(263,000)	(3,750)
Principal payments on finance leases	(82)	(793)
Share repurchases	(9,391)	(30,319)
Net cash provided by (used in) financing activities	110,789	(49,066)
Effect of exchange rate changes	(5,795)	1,677
Net decrease in cash and cash equivalents and restricted cash	(7,830)	(25,547)
Cash and cash equivalents and restricted cash at beginning of year	271,749	395,990
Cash and cash equivalents and restricted cash at end of period	$ 263,919	$ 370,443

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation Benchmark Electronics, Inc. (the Company) is a Texas corporation that provides advanced manufacturing services, which includes design and engineering services and technology solutions. From initial product concept to volume production, including direct order fulfillment and aftermarket services, the Company has been providing integrated services and solutions to original equipment manufacturers (OEMs) since 1979. The Company serves the following industries: aerospace and defense (A&D), medical technologies, complex industrials, semiconductor capital equipment (Semi-Cap), next-generation telecommunications and advanced computing. The Company has manufacturing operations located in the United States and Mexico (the Americas), Asia and Europe. The unaudited 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 condensed consolidated financial statements reflect all normal and recurring adjustments 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 the 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 notes included in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2021 (the 2021 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 condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States (U.S. GAAP) with consideration given to the potential impacts of the coronavirus disease (COVID) pandemic. However, actual results could differ materially from these estimates and be significantly affected by the severity and duration of the pandemic, the extent of actions to contain or treat COVID, how quickly and to what extent normal economic and operating activity can resume, and the severity and duration of the global economic downturn that results from the pandemic.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	Note 2 – New Accounting Pronouncements In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848) . The pronouncement provides temporary optional expedients and exceptions for applying U.S. GAAP to transactions affected by reference rate (e.g., London Interbank Offered Rate (LIBOR)) reform if certain criteria are met to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. This update is effective as of March 12, 2020 through December 31, 2022. On May 20, 2022, the Company entered into an amendment to the Amended and Restated Credit Agreement (as defined in Note 5), which triggered a transition from LIBOR to the Bloomberg Short-Term Bank Yield Index Rate (BSBY). This transition and the adoption of ASU No. 2020-04 did not have a material impact on our consolidated financial statements. The Company has determined that other recently issued accounting standards will either not have a material impact on its consolidated financial position, results of operations or cash flows, or will not apply to its operations.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Note 3 – Inventories Inventory costs are summarized as follows: June 30, December 31, (in thousands) 2022 2021 Raw materials $ 649,264 $ 504,307 Work in process 15,117 15,338 Finished goods 2,361 3,595 $ 666,742 $ 523,240

Borrowing Facilities

Borrowing Facilities	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Borrowing Facilities	Note 5 – Borrowing Facilities Long-term debt outstanding as of June 30, 2022 and December 31, 2021 consists of the following: June 30, December 31, (in thousands) 2022 2021 Revolving credit facility $ 135,000 $ — Term loan 131,250 131,250 Less unamortized debt issuance costs ( 2,047 ) ( 1,670 ) Long-term debt $ 264,203 $ 129,580 On July 20, 2018, the Company entered into a $ 650 million credit agreement (the Prior Credit Agreement) by and among the Company, certain of its subsidiaries, the lenders party thereto and Bank of America, N.A. , as Administrative Agent, Swingline Lender and a L/C Issuer. The Prior Credit Agreement was comprised of a five-year $ 500 million revolving credit facility and a five-year $ 151 million term loan facility, both which had a maturity date of July 20, 2023 . The term loan facility proceeds were used to (i) refinance a portion of existing indebtedness and terminate all commitments under the Company’s prior $ 430 million credit agreement and (ii) pay the fees, costs and expenses associated with the foregoing and the negotiation, execution and delivery of the Prior Credit Agreement. On December 21, 2021, the Company amended and restated the Prior Credit Agreement by entering into a $ 381 million amended and restated credit agreement (the Amended and Restated Credit Agreement). The Amended and Restated Credit Agreement was comprised of a five-year $ 250 million revolving credit facility (the Revolving Credit Facility) and a five-year $ 131.3 million term loan facility (the Term Loan Facility), which extended the original revolving credit facility and term loan facility maturity dates from July 20, 2023 to December 21, 2026 . On May 20, 2022, the Company entered into Amendment No. 1 (the Amendment) to the Amended and Restated Credit Agreement (as amended, the Credit Agreement). The Amendment increased the Revolving Credit Facility commitments from $ 250 million to $ 450 million. The Amendment also established that the interest on outstanding borrowings starting on the next reset date and any new borrowings under the Amendment (other than swingline loans) will accrue, at the Company’s option, at (a) BSBY plus the Applicable Rate (as defined in the Credit Agreement, approximately 1.00 % to 2.00 % per annum depending on various factors) or (b) for U.S. Dollar denominated loans, the base rate (which is the highest of (i) the federal funds rate plus 0.50 %, (ii) the Bank of America, N.A. prime rate, (iii) the one month BSBY adjusted daily plus 1.00 % and (iv) 1.00 %). The Revolving Credit Facility is available for general corporate purposes. The Credit Agreement includes an accordion feature pursuant to which the Company is permitted to add one or more incremental term loans and/or increase commitments under the Revolving Credit Facility in an aggregate amount of $ 100 million or a higher amount, subject to the satisfaction of certain conditions and exceptions. The Term Loan Facility is subject to quarterly principal installments equal to 0.625 % of the initial aggregate term loan advances to be paid commencing December 31, 2022 t hrough September 30, 2024 and 1.25 % of the initial aggregate term loan advances from December 31, 2024 until the maturity date. As of June 30, 2022, a portion of the $ 131.3 million of the outstanding debt under the Credit Agreement is effectively at a fixed interest rate of 2.928 % a s a result of a $ 125.6 million notional interest rate swap contract discussed in Note 10. A commitment fee of 0.20 % to 0.30 % per annum (based on the debt to EBITDA ratio) on the unused portion of the Revolving Credit Facility is payable quarterly in arrears. The Credit Agreement is generally secured by a pledge of (a) all the capital stock of the Company’s domestic subsidiaries and 65 % of the capital stock of its directly owned foreign subsidiaries, (b) all or substantially all other personal property of Benchmark and its domestic subsidiaries (including, but not limited to, accounts receivable, contract assets, inventory, intellectual property and fixed assets of Benchmark and its domestic subsidiaries), in each case, subject to customary exceptions and limitations, and (c) all proceeds and products of the property and assets described in (a) and (b) above. The Credit Agreement contains certain financial covenants related to interest coverage and debt leverage, and certain customary affirmative and negative covenants, including restrictions on the Company’s 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 could 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, 2022, the Company had $ 131.3 million in borrowings outstanding under the Term Loan Facility, $ 135.0 million in borrowings outstanding under the Revolving Credit Facility, and $ 3.9 million in letters of credit outstanding under the Revolving Credit Facility. The Company had $ 311.1 million a vailable for future borrowings under the Revolving Credit Facility subject to compliance with financial covenants as to interest coverage and debt leverage, in addition to other debt covenant restrictions.

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	Note 6 – Leases The Company determines if a contract is or contains a lease at inception. The Company has entered into leases for certain facilities, vehicles and other equipment. The Company’s leases consist mainly of operating leases which expire at various dates through 2036. Variable lease payments are generally expensed as incurred and include certain index-based changes in rent, certain non-lease components, such as maintenance and other services provided by the lessor, and other charges included in the lease. The components of lease expense were as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Finance lease cost: Amortization of right-of-use assets (included in depreciation expense) $ 24 $ 202 $ 48 $ 396 Interest on lease liabilities 7 83 15 175 Operating lease cost 4,425 3,802 8,699 7,596 Short-term lease cost 64 101 144 191 Variable lease cost 473 447 942 914 Total lease cost $ 4,993 $ 4,635 $ 9,848 $ 9,272 Six Months Ended (in thousands) June 30, June 30, Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for finance lease $ 15 $ 194 Operating cash flows used for operating leases $ 9,328 $ 8,372 Financing cash flows used for finance lease $ 82 $ 793 Right-of-use assets obtained in exchange for new operating lease liabilities $ 10,683 $ 15,819 The lease assets and liabilities as of June 30, 2022 and December 31, 2021 were as follows (in thousands): June 30, December 31, 2022 2021 Finance lease right-of-use assets (included in other assets) $ 712 $ 760 Operating lease right-of-use assets $ 98,580 $ 99,158 Finance lease liability, current (included in current installments of long-term debt) $ 169 $ 165 Finance lease liability, noncurrent (included in long-term debt) $ 443 $ 529 Operating lease liabilities, current (included in accrued liabilities) $ 12,359 $ 13,465 Operating lease liabilities, noncurrent $ 90,936 $ 90,878 Weighted average remaining lease term – finance leases 3.4 years 3.9 years Weighted average remaining lease term – operating leases 10.1 years 10.0 years Weighted average discount rate – finance leases 4.8 % 4.8 % Weighted average discount rate – operating leases 4.1 % 4.1 % Future annual minimum lease payments and finance lease commitments as of June 30, 2022 were as follows (in thousands): Year ending December 31, Operating Finance 2022 (remaining six months) 7,607 97 2023 14,639 194 2024 13,280 194 2025 12,756 178 2026 11,393 — 2027 and thereafter 67,718 — Total minimum lease payments $ 127,393 $ 663 Less: imputed interest ( 24,098 ) ( 51 ) Present value of lease liabilities $ 103,295 $ 612 As of June 30, 2022 , the Company’s future operating leases that have not yet commenced include a new facility lease in an existing location in the Americas which expires 2032 and contains renewal options. The aggregate initial annual minimum lease payments of this lease is approximately $ 2.4 million.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 8 – Income Taxes Income tax expense consists of the following: Six Months Ended (in thousands) 2022 2021 Current: U.S. Federal $ 67 $ ( 365 ) State and local 458 354 Foreign 9,177 5,098 Deferred: ( 3,098 ) ( 1,475 ) $ 6,604 $ 3,612 Income tax expense differs from the amount computed by applying the U.S. federal statutory income tax rate to income before income taxes primarily due to the mix of taxable income by taxing jurisdiction, the impact of tax incentives and tax holidays in foreign locations, state income taxes (net of federal benefit) and the U.S. tax under the global intangible low-taxed income (GILTI) provisions. GILTI requires the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiaries tangible fixed assets. The taxable earnings can be offset by a limited deemed paid foreign tax credit with no carrybacks or carryforwards available. The Company accounts for the GILTI as a period cost and does not include it as a factor in the determination of deferred taxes. As of December 31, 2021, the Company had approximately $ 365.2 million in cumulative undistributed foreign earnings of its foreign subsidiaries. These earnings would not be subject to U.S. income tax, if distributed to the Company. During 2018, the Company changed its assertion on its foreign subsidiaries earnings that are permanently reinvested. A certain amount of earnings from specific foreign subsidiaries are permanently reinvested, and certain foreign earnings from other specific foreign subsidiaries are considered to be non-permanently reinvested and are available for immediate distribution to the Company. Income taxes have been accrued on the non-permanently reinvested foreign earnings including any applicable local withholding taxes. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in the United States in response to the COVID pandemic. The CARES Act among other things, permits net operating loss carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before 2021, and contains modifications on the limitation of business interest. The Company has evaluated the impact of these provisions and has determined these provisions did not have any impact on the six months ended June 30, 2022. In addition, the CARES Act allowed for employee retention tax credits to be taken in U.S. payroll tax filings, and allowed for the deferral of the employer portion of social security taxes during the calendar year 2020 with 50% to be paid at the end of calendar years 2021 and 2022, respectively. The Company deferred the payment of the employer portion of social security taxes for the year ended December 31, 2020 until the end of 2021 and 2022, respectively. During December 2021, the Company paid approximately 50% of the social security taxes previously deferred. The Company has also determined it was entitled to employee retention credits and filed for the credits in the second quarter 2020 payroll tax reports pursuant to the guidance provided by the Internal Revenue Service. The amount for the credits has been recorded in operating expenses for the year ended December 31, 2020. The Company was not eligible for employee retention tax credits as of December 31, 2021. The Company has not received the retention credits from the Internal Revenue Service that it applied for during second quarter of 2020. The Internal Revenue Service has had some delays in processing the filings for the tax refunds. The Company has been granted certain tax incentives, including tax holidays, for its subsidiaries in China and Thailand that will expire at various dates, unless extended or otherwise renegotiated, through 2023 in China and 2030 in Thailand, and are subject to certain conditions with which the Company expects to comply. The Malaysia tax incentive expired as of March 31, 2021, but the Company has applied for an extension of the Malaysia tax holiday which would extend the tax holiday for another five years until 2026 . There is no guarantee that we will be granted the extension of the Malaysia tax holiday. The net impact of these tax incentives was to lower foreign income tax expense for the six months ended June 30, 2022 and 2021 by approximately $ 1.7 million (approximately $ 0.05 per diluted share), and $ 2.2 million (approximately $ 0.06 per diluted share), as follows: Six Months Ended (in thousands) 2022 2021 China $ 215 $ — Malaysia — 877 Thailand 1,467 1,295 $ 1,683 $ 2,172 As of June 30, 2022 , the total amount of the reserve for uncertain tax benefits including interest and penalties was $ 9.6 million. The reserve is classified as a current or long-term liability in the condensed consolidated balance sheets based on the Company’s expectation of when the items will be settled. The Company records interest expense and penalties accrued in relation to uncertain income tax benefits as a component of current income tax expense. The Company and its subsidiaries in Brazil, China, Ireland, 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 2016 to 2021. During such income tax examinations, disputes may occur as to matters of fact or law. Also, in 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 that it has adequately provided for its tax liabilities.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Note 9 – Revenue The Company’s revenues are generated primarily from its manufacturing services, which entails the sale of manufactured products built to customer specifications. The Company also generates revenue from design, development and engineering services, in addition to the sale of other inventory. Revenue is measured based on the consideration specified in a contract with a customer. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a manufactured product to a customer. The Company’s contracts with customers are generally short-term in nature. The Company applies the optional exemption related to short-term performance obligations and does not disclose information about remaining performance obligations that have original expected durations of one year or less. Customers are generally billed when the product is shipped or as services are performed. Under the majority of the Company’s manufacturing contracts with customers, the customer controls all of the work-in-progress as products are being built. Revenues under these contracts are recognized progressively based on the cost-to-cost method. For other manufacturing contracts, the customer does not take control of the product until it is completed. Under these contracts, the Company recognizes revenue upon transfer of control of the product to the customer, which is generally when goods are shipped. Revenue from design, development and engineering services is recognized over time as the services are performed. As a general matter, the Company assumes no significant obligations after shipment as it typically warrants workmanship only. Therefore, the warranty provisions are generally not significant. If the Company records revenue, but does not issue an invoice, a contract asset is recognized. The contract asset is transferred to accounts receivable when the entitlement to payment becomes unconditional. Taxes assessed by governmental authorities that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as fulfillment costs and are included in cost of sales. Disaggregation of revenue In the following tables, revenue is disaggregated by market sector. The tables also include a reconciliation of the disaggregated revenue with the reportable operating segments. Elimination of intersegment sales includes intersegment sales between reportable operating segments. Reportable Operating Segments Three Months Ended June 30, 2022 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 22,941 $ 100,495 $ 35,400 $ 158,836 A&D 77,803 8,667 3,427 89,897 Medical 86,879 69,459 9,896 166,234 Semi-Cap 68,706 85,978 20,215 174,899 Computing 57,045 11,591 — 68,636 Telecommunications 37,551 31,976 — 69,527 External revenue 350,925 308,166 68,938 728,029 Elimination of intersegment sales 9,350 12,296 912 22,558 Segment revenue $ 360,275 $ 320,462 $ 69,850 $ 750,587 Six Months Ended June 30, 2022 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 41,667 $ 184,953 $ 69,362 $ 295,982 A&D 146,504 15,682 8,898 171,084 Medical 154,858 108,452 19,797 283,107 Semi-Cap 135,029 182,796 40,511 358,336 Computing 101,671 22,021 — 123,692 Telecommunications 65,065 66,741 105 131,911 External revenue 644,794 580,645 138,673 1,364,112 Elimination of intersegment sales 21,061 27,063 1,518 49,642 Segment revenue $ 665,855 $ 607,708 $ 140,191 $ 1,413,754 Three Months Ended June 30, 2021 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 20,358 $ 61,115 $ 18,433 $ 99,906 A&D 91,427 73 5,180 96,680 Medical 47,920 50,386 10,599 108,905 Semi-Cap 55,492 66,781 16,931 139,204 Computing 32,766 6,832 — 39,598 Telecommunications 32,007 28,222 140 60,369 External revenue 279,970 213,409 51,283 544,662 Elimination of intersegment sales 12,300 9,130 337 21,767 Segment revenue $ 292,270 $ 222,539 $ 51,620 $ 566,429 Six Months Ended June 30, 2021 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 41,354 $ 116,525 $ 37,479 $ 195,358 A&D 174,914 73 11,074 186,061 Medical 95,344 91,170 30,581 217,095 Semi-Cap 104,358 115,542 32,414 252,314 Computing 68,104 15,180 — 83,284 Telecommunications 61,965 53,941 365 116,271 External revenue 546,039 392,431 111,913 1,050,383 Elimination of intersegment sales 23,069 18,412 587 42,068 Segment revenue $ 569,108 $ 410,843 $ 112,500 $ 1,092,451 During the six months ended June 30, 2022 and 2021, 90.2 % and 90.0 %, respectfully, of the Company’s revenue was recognized as products and services that were transferred over time. The timing of revenue recognition, billings and cash collections result in billed accounts receivable, contract assets and advance payments from customers. As of June 30, 2022 and December 31, 2021, the Company had $ 179.2 million and $ 155.2 million, respectively, in contract assets from contracts with customers. The contract assets primarily relate to the Company’s right to consideration for work completed but not billed at the reporting date. The contract assets are transferred to accounts receivable when the rights become unconditional. Significant changes in the contract asset balance during the period are as follows: Six Months Ended (in thousands) 2022 2021 Beginning balance as of December 31 $ 155,243 $ 142,779 Revenue recognized 1,233,229 944,052 Amounts collected or invoiced ( 1,209,300 ) ( 932,202 ) Ending balance as of June 30 $ 179,172 $ 154,629 As of June 30, 2022 and December 31, 2021, the Company had $ 173.6 million and $ 118.1 million, respectively, in advance payments from customers. Of those amounts, $ 144.9 million and $ 79.9 million, respectively, were customer deposits and prepayments of inventory and $ 28.7 million and $ 38.2 million, respectively, were related to the contractual timing of payments. The advance payments are not considered a significant financing component because they are used to meet working capital demands of a contract, offset inventory risks and protect the Company from the failure of other parties to fulfill obligations under a contract.

Accounts Receivable Sale Progra

Accounts Receivable Sale Programs	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Accounts Receivable Sale Programs	Note 10 – Accounts Receivable Sale Programs As of June 30, 2022, in connection with trade accounts receivable sale programs with unaffiliated financial institutions, the Company may elect to sell, at a discount, on an ongoing basis, up to a maximum of $ 120.0 million of specific accounts receivable at any one time. During the three months ended June 30, 2022 and 2021, the Company sold $ 119.4 million and $ 87.0 million, respectively, of accounts receivable under these programs, and in exchange, the Company received cash proceeds of $ 118.9 million and $ 86.8 million, respectively, net of the discount. During the six months ended June 30, 2022 and 2021, the Company sold $ 226.6 million and $ 166.3 million, respectively, of accounts receivable under these programs, and in exchange, the Company received cash proceeds of $ 226.0 million and $ 166.0 million, respectively, net of the discount. The sale discount was recorded to other expense within the condensed consolidated statements of income.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [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.

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring Charges	Note 12 – Restructuring Charges The Company has undertaken initiatives to restructure its business operations to improve 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 cost geographies to lower cost geographies. The process of restructuring entails moving production between facilities, reducing staff levels, realigning our business processes, reorganizing our management and other activities. The Company recognized $ 3.6 million of restructuring charges during the six months ended June 30, 2022 primarily related to the previously announced closures of our sites in San Jose, California, Angleton, Texas, and Moorpark, California in the Americas, and other smaller activities involving capacity reductions and reductions in workforce in certain facilities across various regions. San Jose, California operations have ceased and all restructuring activity was complete as of March 31, 2022. Angleton, Texas operations have ceased and all restructuring activity is now complete as of June 30, 2022 upon the disposition of the facility. Moorpark, California operations are expected to cease at the end of 2022 with restructuring activity estimated to be complete shortly thereafter. The following table summarizes the 2022 activity in accrued restructuring, which is included in accrued liabilities in the condensed consolidated balance sheets, related to various restructuring activities initiated prior to June 30, 2022: Balance as of Foreign Balance as of December 31, Restructuring Cash Non-Cash Exchange June 30, (in thousands) 2021 Charges Payment Activity Adjustments 2022 Restructuring: Severance $ 3,257 $ 1,713 $ ( 1,129 ) $ ( 205 ) $ — $ 3,636 Lease facility costs 17 1,256 ( 1,257 ) — — 16 Other exit costs 237 611 ( 665 ) ( 183 ) — — Total $ 3,511 $ 3,580 $ ( 3,051 ) $ ( 388 ) $ — $ 3,652 The components of the restructuring charges during 2022 were as follows: (in thousands) Americas Asia Europe Total Severance costs $ 1,583 $ 130 $ — $ 1,713 Lease facility costs 1,256 — — 1,256 Other exit costs 611 — — 611 $ 3,450 $ 130 $ — $ 3,580 Additionally, d uring the third quarter of 2021, the Company made the decision to no longer continue certain manufacturing capabilities in the Americas. In connection with that decision, the Company assessed the facility and equipment assets used in those manufacturing capabilities using valuation information from third parties and recorded $ 4.4 million of impairment charges as a result of that assessment. The asset impairment charges are included in the restructuring charges and other costs line item on the consolidated statements of income as of September 30, 2021. During the first half of 2022, the Company completed the sale of the equipment for $ 1.3 million and recorded a loss on assets held for sale of $ 2.0 million included in the restructuring charges and other costs line item on the consolidated statements of income. Additionally, during the first half of 2022, the Company completed the sale of a building in Angleton, Texas for $ 4.3 million and recorded a gain on assets held for sale of $ 2.4 million included in the restructuring charges and other costs line item on the consolidated statements of income.

Ransomware Incident

Ransomware Incident	6 Months Ended
	Jun. 30, 2022
Disclosure Text Block Supplement [Abstract]
Ransomware Incident	Note 13 – Ransomware Incident During the fourth quarter ended December 31, 2019, some of the Company’s systems were affected by a ransomware incident that encrypted information on its systems and disrupted customer and employee access to its applications and services. The Company immediately took steps to isolate the impact and implemented measures to prevent additional systems from being affected, including taking its network offline as a precaution. In connection with this incident, third party consultants and forensic experts were engaged to assist with the restoration and remediation of the Company’s systems and, with the assistance of law enforcement, to investigate the incident. The Company has found no evidence that customer or employee data was exfiltrated from its network. The Company restored connectivity and resumed operations quickly following the ransomware incident. We have insurance coverage, including cyber insurance, and worked diligently with our insurance carriers on claims to recover costs incurred, as discussed further below. In 2019, ransomware incident related costs incurred totaled $ 12.7 million or $ 7.7 million, net of estimated insurance recoveries of $ 5.0 million. These costs were primarily comprised of certain employee related expenses and various third-party consulting services, including forensic experts, legal counsel and other IT professional expenses. During the year ended December 31, 2020, the Company collected $ 6.6 million of insurance recoveries, which included $ 5.0 million of estimated insurance recoveries recorded in 2019 and an additional $ 1.6 million recorded in 2020. During the year ended December 31, 2021, the Company collected an additional $ 3.9 million of insurance recoveries. As of December 31, 2021 , the Company has collected insurance recoveries totaling $ 10.5 million. As of June 30, 2022 , no further insurance recoveries are expected.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 14 – 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 stock issuable upon the exercise or vesting of stock options and other equity instruments and are computed using the treasury stock method. Under the treasury stock method, the exercise price of a share and the amount of compensation cost, if any, for future service that the Company has not yet recognized are assumed to be used to repurchase shares in the current period. In periods when losses are reported, the weighted-average number of shares outstanding excludes stock equivalents because their inclusion would have an anti-dilutive effect. The following table sets forth the calculation of basic and diluted earnings per share: Three Months Ended Six Months Ended (in thousands, except per share data) 2022 2021 2022 2021 Net income $ 17,221 $ 7,369 $ 28,181 $ 15,286 Denominator for basic earnings per share – weighted-average 35,157 35,753 35,201 36,000 Incremental common shares attributable to exercise of dilutive 9 45 21 49 Incremental common shares attributable to outstanding restricted stock units 170 263 394 425 Denominator for diluted earnings per share 35,336 36,061 35,616 36,474 Basic earnings per share $ 0.49 $ 0.21 $ 0.80 $ 0.42 Diluted earnings per share $ 0.49 $ 0.20 $ 0.79 $ 0.42 Restricted stock units totaling $ 0.6 million and 2 thousand common shares for the three and six months ended June 30, 2022, respectively, were not included in the computation of diluted earnings per share as their effect would have been anti-dilutive. Restricted stock units totaling 4 thousand shares for both the three and six months ended June 30, 2021 were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Financial Instruments	Note 15 – Financial Instruments The Company’s financial instruments include cash equivalents, accounts receivable, other receivables, accounts payable, accrued liabilities and long-term debt. The Company believes that the carrying values of these instruments approximate fair value because of their short-term nature. The Company uses derivative instruments to manage the variability of foreign currency obligations and interest rates. The Company does not enter into derivatives for speculative purposes. On July 30, 2021, the Company entered into forward currency exchange contracts designated as cash flow hedges of forecasted foreign currency expenses with a notional amount of $ 10.0 million as of June 30, 2022. Changes in the fair value of the derivatives are recorded in accumulated other comprehensive loss in the condensed consolidated balance sheets until earnings are affected by the variability of the cash flows. During the three and six months ended June 30, 2022, the Company recorded an unrealized loss of $ 0.1 million ($ 0.1 million net of tax) and an unrealized gain of $ 0.4 million ($ 0.3 million net of tax), respectively, on the forward currency exchange contracts in other comprehensive income and transferred unrealized gains of $ 0.2 million and $ 0.1 million, respectively, to co st of sales (See Note 16). The Company also has forward currency exchange contracts in place as of June 30, 2022 that have not been designated as accounting hedges and, therefore, changes in fair value are recorded within the condensed consolidated statements of income. As of June 30, 2022, the fair value estimates for the Company's forward currency exchange contracts were based on Level 2 inputs of the fair value hierarchy, which includes obtaining directly or indirectly observable values from third parties active in the relevant markets. Inputs in the fair value of the foreign currency forward contracts include prevailing forward and spot prices for currencies. The Company enters into forward currency exchange contracts for its operations in Mexico and Europe. The Company has an interest rate swap agreement, with a notional amount of $ 125.6 million and $ 129.4 million as of June 30, 2022 and December 31, 2021 , respectively, to hedge a portion of its interest rate exposure on outstanding borrowings under the Credit Agreement. Under this interest rate swap agreement, the Company receives variable rate interest payments based on the one-month LIBOR rate and pays fixed rate interest payments. The fixed interest rate for the contract is 2.928 %. The effect of this swap is to convert a portion of the 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 highly 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 comprehensive income on the accompanying condensed consolidated balance sheets until earnings are affected by the variability of cash flows. During the three and six months ended June 30, 2022, the Company recorded an unrealized gain of $ 1.6 million ($ 1.2 million net of tax) and $ 4.3 million ($ 3.2 million net of tax), respectively, on the swap in other comprehensive income. During the three and six months ended June 30, 2021 , the Company recorded an unrealized gain of $ 0.8 million ($ 0.7 million net of tax) and $ 2.1 million ($ 1.6 million net of tax), respectively, on the swap in other comprehensive income (loss). See Note 16. As of June 30, 2022, the fair value estimate for the Company's interest rate swap agreement were based on Level 2 inputs of the fair value hierarchy, as we obtained the valuation from a third party active in relevant markets. The valuation of the swap is primarily measured through various pricing models or discounted cash flow analysis that incorporate observable market parameters, such as interest rate yield curves and volatility. The following table presents the fair value of the Company's derivative instruments: Fair Values of Derivative Instruments Asset Derivatives Liability Derivatives Balance Sheet June 30, December 31, Balance Sheet June 30, December 31, (in thousands) Location 2022 2021 Location 2022 2021 Derivatives designated as hedging instruments: Forward currency exchange contracts Other current assets $ 254 $ — Accrued liabilities $ — $ 178 Interest rate swap Other current assets $ — $ — Accrued liabilities $ 5 $ 4,332

Segment And Geographic Informat

Segment And Geographic Information	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment And Geographic Information	Note 17 – Segment and Geographic Information The Company currently has manufacturing facilities in the Americas, 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. Corporate and intersegment eliminations includes (1) corporate expenses not allocated to the Company’s three reporting segments, which are primarily general and administrative expenses such as corporate employee payroll and benefit costs and corporate facility costs, and (2) income from operations on intersegment sales between reporting segments. Corporate functions include legal, finance, tax, treasury, information technology, risk management, human resources, business development and other administrative functions. The accounting policies for the reportable operating segments are the same as for the Company taken as a whole. The Company has three reportable operating segments: Americas, Asia, and Europe. Information about operating segments is as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Net sales: Americas $ 360,275 $ 292,270 $ 665,855 $ 569,108 Asia 320,462 222,539 607,708 410,843 Europe 69,850 51,620 140,191 112,500 Elimination of intersegment sales ( 22,558 ) ( 21,767 ) ( 49,642 ) ( 42,068 ) $ 728,029 $ 544,662 $ 1,364,112 $ 1,050,383 Depreciation and amortization: Americas $ 4,772 $ 5,252 $ 9,627 $ 10,547 Asia 2,551 2,657 5,098 5,343 Europe 814 692 1,618 1,404 Corporate 2,828 2,338 5,519 4,700 $ 10,965 $ 10,939 $ 21,862 $ 21,994 Income from operations: Americas $ 16,121 $ 11,995 $ 26,486 $ 20,229 Asia 29,852 25,467 57,658 42,819 Europe 1,008 1,702 5,646 6,940 Corporate and intersegment eliminations ( 24,549 ) ( 28,465 ) ( 51,951 ) ( 47,355 ) 22,432 10,699 37,839 22,633 Interest expense ( 2,185 ) ( 2,079 ) ( 3,935 ) ( 4,228 ) Interest income 261 164 391 329 Other expense 784 440 490 164 Income before income taxes $ 21,292 $ 9,224 $ 34,785 $ 18,898 Capital expenditures: Americas $ 2,576 $ 6,923 $ 15,092 $ 11,842 Asia 2,119 2,129 6,047 2,334 Europe 1,452 2,433 3,249 2,719 Corporate 849 712 583 1,724 $ 6,996 $ 12,197 $ 24,971 $ 18,619 June 30, December 31, (in thousands) 2022 2021 Total assets: Americas $ 993,027 $ 885,574 Asia 792,772 663,881 Europe 198,334 178,263 Corporate 182,652 176,162 $ 2,166,785 $ 1,903,880 Geographic net sales information provided below reflects the destination of the product shipped. Long-lived assets information is based on the physical location of the asset and includes property, plant and equipment, net, operating lease right-of-use assets, and other long-term assets, net. Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Geographic net sales: United States $ 401,842 $ 321,605 $ 730,952 $ 618,648 Singapore 116,284 78,598 221,956 141,755 Other Asia 85,805 46,258 160,715 85,103 Europe 96,705 66,965 195,970 142,291 Other 27,393 31,236 54,519 62,586 $ 728,029 $ 544,662 $ 1,364,112 $ 1,050,383 June 30, December 31, (in thousands) 2022 2021 Long-lived assets: United States $ 251,049 $ 240,430 Asia 65,025 65,327 Europe 29,444 29,588 Other 20,003 22,303 $ 365,521 $ 357,648

Supplemental Cash Flow And Non-

Supplemental Cash Flow And Non-Cash Information	6 Months Ended
	Jun. 30, 2022
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow and Non-Cash Information	Note 18 –Supplemental Cash Flow and Non-Cash Information The following is additional information concerning supplemental disclosures of cash payments. Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Income taxes paid, net $ 9,373 $ 7,768 $ 12,851 $ 9,373 Interest paid $ 1,981 $ 1,992 $ 3,543 $ 4,082 Non-cash investing activity: Additions to property, plant and equipment in accounts payable $ 14,364 $ 8,902

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848) . The pronouncement provides temporary optional expedients and exceptions for applying U.S. GAAP to transactions affected by reference rate (e.g., London Interbank Offered Rate (LIBOR)) reform if certain criteria are met to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. This update is effective as of March 12, 2020 through December 31, 2022. On May 20, 2022, the Company entered into an amendment to the Amended and Restated Credit Agreement (as defined in Note 5), which triggered a transition from LIBOR to the Bloomberg Short-Term Bank Yield Index Rate (BSBY). This transition and the adoption of ASU No. 2020-04 did not have a material impact on our consolidated financial statements. The Company has determined that other recently issued accounting standards will either not have a material impact on its consolidated financial position, results of operations or cash flows, or will not apply to its operations.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Schedule Of Inventory Costs	Inventory costs are summarized as follows: June 30, December 31, (in thousands) 2022 2021 Raw materials $ 649,264 $ 504,307 Work in process 15,117 15,338 Finished goods 2,361 3,595 $ 666,742 $ 523,240

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill Rollforward	Goodwill allocated to the Company’s reportable segments were as follows: (in thousands) Americas Asia Total Goodwill as of June 30, 2022 and December 31, 2021 $ 154,014 $ 38,102 $ 192,116
Schedule Of Intangible Assets	Acquired identifiable intangible assets and purchased software as of June 30, 2022 and December 31, 2021 were as follows: (in thousands) Gross Accumulated Net Customer relationships $ 100,047 $ ( 62,762 ) $ 37,285 Purchased software costs 49,890 ( 34,623 ) 15,267 Technology licenses 26,800 ( 26,800 ) — Trade names and trademarks 7,800 — 7,800 Other 868 ( 368 ) 500 Intangible assets, June 30, 2022 $ 185,405 $ ( 124,553 ) $ 60,852 (in thousands) Gross Accumulated Net Customer relationships $ 100,136 $ ( 59,680 ) $ 40,456 Purchased software costs 49,788 ( 34,325 ) 15,463 Technology licenses 26,800 ( 26,800 ) — Trade names and trademarks 7,800 — 7,800 Other 868 ( 356 ) 512 Intangible assets, December 31, 2021 $ 185,392 $ ( 121,161 ) $ 64,231
Schedule Of Amortization Expense	Amortization on the statements of cash flow for the six months ended June 30, 2022 and 2021 were as follows: Six Months Ended (in thousands) 2022 2021 Amortization of intangible assets $ 3,201 $ 3,197 Amortization of capitalized purchased software costs 1,977 832 Amortization of debt costs 178 230 $ 5,356 $ 4,259

Borrowing Facilities (Tables)

Borrowing Facilities (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt	Long-term debt outstanding as of June 30, 2022 and December 31, 2021 consists of the following: June 30, December 31, (in thousands) 2022 2021 Revolving credit facility $ 135,000 $ — Term loan 131,250 131,250 Less unamortized debt issuance costs ( 2,047 ) ( 1,670 ) Long-term debt $ 264,203 $ 129,580

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Components of lease expenses , lease assets and liabilities	The components of lease expense were as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Finance lease cost: Amortization of right-of-use assets (included in depreciation expense) $ 24 $ 202 $ 48 $ 396 Interest on lease liabilities 7 83 15 175 Operating lease cost 4,425 3,802 8,699 7,596 Short-term lease cost 64 101 144 191 Variable lease cost 473 447 942 914 Total lease cost $ 4,993 $ 4,635 $ 9,848 $ 9,272 Six Months Ended (in thousands) June 30, June 30, Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for finance lease $ 15 $ 194 Operating cash flows used for operating leases $ 9,328 $ 8,372 Financing cash flows used for finance lease $ 82 $ 793 Right-of-use assets obtained in exchange for new operating lease liabilities $ 10,683 $ 15,819 The lease assets and liabilities as of June 30, 2022 and December 31, 2021 were as follows (in thousands): June 30, December 31, 2022 2021 Finance lease right-of-use assets (included in other assets) $ 712 $ 760 Operating lease right-of-use assets $ 98,580 $ 99,158 Finance lease liability, current (included in current installments of long-term debt) $ 169 $ 165 Finance lease liability, noncurrent (included in long-term debt) $ 443 $ 529 Operating lease liabilities, current (included in accrued liabilities) $ 12,359 $ 13,465 Operating lease liabilities, noncurrent $ 90,936 $ 90,878 Weighted average remaining lease term – finance leases 3.4 years 3.9 years Weighted average remaining lease term – operating leases 10.1 years 10.0 years Weighted average discount rate – finance leases 4.8 % 4.8 % Weighted average discount rate – operating leases 4.1 % 4.1 %
Future annual minimum lease payments and finance lease commitments	Future annual minimum lease payments and finance lease commitments as of June 30, 2022 were as follows (in thousands): Year ending December 31, Operating Finance 2022 (remaining six months) 7,607 97 2023 14,639 194 2024 13,280 194 2025 12,756 178 2026 11,393 — 2027 and thereafter 67,718 — Total minimum lease payments $ 127,393 $ 663 Less: imputed interest ( 24,098 ) ( 51 ) Present value of lease liabilities $ 103,295 $ 612

Common Stock and Stock-Based Aw

Common Stock and Stock-Based Awards Plans (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022, the unrecognized compensation cost and remaining weighted-average amortization period related to stock-based awards were as follows: (in thousands) Restricted Performance- (1) Unrecognized compensation cost $ 27,887 $ 8,434 Remaining weighted-average amortization period 2.7 years 1.9 years (1) Based on the probable achievement of the performance goals identified in each award.
Summary Of Stock Options	The following table summarizes activities relating to the Company’s stock options: (in thousands, except per share data) Number of Weighted- Weighted- Aggregate Outstanding as of December 31, 2021 132 $ 20.06 Exercised ( 39 ) 16.33 Forfeited or expired ( 2 ) 16.13 Outstanding and exercisable as of June 30, 2022 91 $ 21.76 1.75 $ 107
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 activities 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, 2021 542 $ 28.06 Granted (1) 177 25.97 Forfeited ( 174 ) 27.29 Non-vested units outstanding as of June 30, 2022 545 $ 27.62 (1) Represents target number of units that can vest based on the achievement of the performance goals.

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense	Income tax expense consists of the following: Six Months Ended (in thousands) 2022 2021 Current: U.S. Federal $ 67 $ ( 365 ) State and local 458 354 Foreign 9,177 5,098 Deferred: ( 3,098 ) ( 1,475 ) $ 6,604 $ 3,612
Schedule of Tax Incentives	The net impact of these tax incentives was to lower foreign income tax expense for the six months ended June 30, 2022 and 2021 by approximately $ 1.7 million (approximately $ 0.05 per diluted share), and $ 2.2 million (approximately $ 0.06 per diluted share), as follows: Six Months Ended (in thousands) 2022 2021 China $ 215 $ — Malaysia — 877 Thailand 1,467 1,295 $ 1,683 $ 2,172

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	In the following tables, revenue is disaggregated by market sector. The tables also include a reconciliation of the disaggregated revenue with the reportable operating segments. Elimination of intersegment sales includes intersegment sales between reportable operating segments. Reportable Operating Segments Three Months Ended June 30, 2022 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 22,941 $ 100,495 $ 35,400 $ 158,836 A&D 77,803 8,667 3,427 89,897 Medical 86,879 69,459 9,896 166,234 Semi-Cap 68,706 85,978 20,215 174,899 Computing 57,045 11,591 — 68,636 Telecommunications 37,551 31,976 — 69,527 External revenue 350,925 308,166 68,938 728,029 Elimination of intersegment sales 9,350 12,296 912 22,558 Segment revenue $ 360,275 $ 320,462 $ 69,850 $ 750,587 Six Months Ended June 30, 2022 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 41,667 $ 184,953 $ 69,362 $ 295,982 A&D 146,504 15,682 8,898 171,084 Medical 154,858 108,452 19,797 283,107 Semi-Cap 135,029 182,796 40,511 358,336 Computing 101,671 22,021 — 123,692 Telecommunications 65,065 66,741 105 131,911 External revenue 644,794 580,645 138,673 1,364,112 Elimination of intersegment sales 21,061 27,063 1,518 49,642 Segment revenue $ 665,855 $ 607,708 $ 140,191 $ 1,413,754 Three Months Ended June 30, 2021 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 20,358 $ 61,115 $ 18,433 $ 99,906 A&D 91,427 73 5,180 96,680 Medical 47,920 50,386 10,599 108,905 Semi-Cap 55,492 66,781 16,931 139,204 Computing 32,766 6,832 — 39,598 Telecommunications 32,007 28,222 140 60,369 External revenue 279,970 213,409 51,283 544,662 Elimination of intersegment sales 12,300 9,130 337 21,767 Segment revenue $ 292,270 $ 222,539 $ 51,620 $ 566,429 Six Months Ended June 30, 2021 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 41,354 $ 116,525 $ 37,479 $ 195,358 A&D 174,914 73 11,074 186,061 Medical 95,344 91,170 30,581 217,095 Semi-Cap 104,358 115,542 32,414 252,314 Computing 68,104 15,180 — 83,284 Telecommunications 61,965 53,941 365 116,271 External revenue 546,039 392,431 111,913 1,050,383 Elimination of intersegment sales 23,069 18,412 587 42,068 Segment revenue $ 569,108 $ 410,843 $ 112,500 $ 1,092,451
Significant Changes in Contract Assets	Significant changes in the contract asset balance during the period are as follows: Six Months Ended (in thousands) 2022 2021 Beginning balance as of December 31 $ 155,243 $ 142,779 Revenue recognized 1,233,229 944,052 Amounts collected or invoiced ( 1,209,300 ) ( 932,202 ) Ending balance as of June 30 $ 179,172 $ 154,629

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2022
Restructuring and Related Activities [Abstract]
Schedule Of Accrued Restructuring	The following table summarizes the 2022 activity in accrued restructuring, which is included in accrued liabilities in the condensed consolidated balance sheets, related to various restructuring activities initiated prior to June 30, 2022: Balance as of Foreign Balance as of December 31, Restructuring Cash Non-Cash Exchange June 30, (in thousands) 2021 Charges Payment Activity Adjustments 2022 Restructuring: Severance $ 3,257 $ 1,713 $ ( 1,129 ) $ ( 205 ) $ — $ 3,636 Lease facility costs 17 1,256 ( 1,257 ) — — 16 Other exit costs 237 611 ( 665 ) ( 183 ) — — Total $ 3,511 $ 3,580 $ ( 3,051 ) $ ( 388 ) $ — $ 3,652 The components of the restructuring charges during 2022 were as follows: (in thousands) Americas Asia Europe Total Severance costs $ 1,583 $ 130 $ — $ 1,713 Lease facility costs 1,256 — — 1,256 Other exit costs 611 — — 611 $ 3,450 $ 130 $ — $ 3,580

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
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 (in thousands, except per share data) 2022 2021 2022 2021 Net income $ 17,221 $ 7,369 $ 28,181 $ 15,286 Denominator for basic earnings per share – weighted-average 35,157 35,753 35,201 36,000 Incremental common shares attributable to exercise of dilutive 9 45 21 49 Incremental common shares attributable to outstanding restricted stock units 170 263 394 425 Denominator for diluted earnings per share 35,336 36,061 35,616 36,474 Basic earnings per share $ 0.49 $ 0.21 $ 0.80 $ 0.42 Diluted earnings per share $ 0.49 $ 0.20 $ 0.79 $ 0.42

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Summary of Fair Values of Derivative Instruments	The following table presents the fair value of the Company's derivative instruments: Fair Values of Derivative Instruments Asset Derivatives Liability Derivatives Balance Sheet June 30, December 31, Balance Sheet June 30, December 31, (in thousands) Location 2022 2021 Location 2022 2021 Derivatives designated as hedging instruments: Forward currency exchange contracts Other current assets $ 254 $ — Accrued liabilities $ — $ 178 Interest rate swap Other current assets $ — $ — Accrued liabilities $ 5 $ 4,332

Segment And Geographic Inform_2

Segment And Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule Of Operating Segments	Information about operating segments is as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Net sales: Americas $ 360,275 $ 292,270 $ 665,855 $ 569,108 Asia 320,462 222,539 607,708 410,843 Europe 69,850 51,620 140,191 112,500 Elimination of intersegment sales ( 22,558 ) ( 21,767 ) ( 49,642 ) ( 42,068 ) $ 728,029 $ 544,662 $ 1,364,112 $ 1,050,383 Depreciation and amortization: Americas $ 4,772 $ 5,252 $ 9,627 $ 10,547 Asia 2,551 2,657 5,098 5,343 Europe 814 692 1,618 1,404 Corporate 2,828 2,338 5,519 4,700 $ 10,965 $ 10,939 $ 21,862 $ 21,994 Income from operations: Americas $ 16,121 $ 11,995 $ 26,486 $ 20,229 Asia 29,852 25,467 57,658 42,819 Europe 1,008 1,702 5,646 6,940 Corporate and intersegment eliminations ( 24,549 ) ( 28,465 ) ( 51,951 ) ( 47,355 ) 22,432 10,699 37,839 22,633 Interest expense ( 2,185 ) ( 2,079 ) ( 3,935 ) ( 4,228 ) Interest income 261 164 391 329 Other expense 784 440 490 164 Income before income taxes $ 21,292 $ 9,224 $ 34,785 $ 18,898 Capital expenditures: Americas $ 2,576 $ 6,923 $ 15,092 $ 11,842 Asia 2,119 2,129 6,047 2,334 Europe 1,452 2,433 3,249 2,719 Corporate 849 712 583 1,724 $ 6,996 $ 12,197 $ 24,971 $ 18,619 June 30, December 31, (in thousands) 2022 2021 Total assets: Americas $ 993,027 $ 885,574 Asia 792,772 663,881 Europe 198,334 178,263 Corporate 182,652 176,162 $ 2,166,785 $ 1,903,880
Schedule Of Geographic Net Sales And Long-Lived Assets	Geographic net sales information provided below reflects the destination of the product shipped. Long-lived assets information is based on the physical location of the asset and includes property, plant and equipment, net, operating lease right-of-use assets, and other long-term assets, net. Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Geographic net sales: United States $ 401,842 $ 321,605 $ 730,952 $ 618,648 Singapore 116,284 78,598 221,956 141,755 Other Asia 85,805 46,258 160,715 85,103 Europe 96,705 66,965 195,970 142,291 Other 27,393 31,236 54,519 62,586 $ 728,029 $ 544,662 $ 1,364,112 $ 1,050,383 June 30, December 31, (in thousands) 2022 2021 Long-lived assets: United States $ 251,049 $ 240,430 Asia 65,025 65,327 Europe 29,444 29,588 Other 20,003 22,303 $ 365,521 $ 357,648

Supplemental Cash Flow and No_2

Supplemental Cash Flow and Non-Cash Information (Tables)	6 Months Ended
	Jun. 30, 2022
Supplemental Cash Flow Information [Abstract]
Schedule Of Supplemental Cash Flow and Non-Cash Information	The following is additional information concerning supplemental disclosures of cash payments. Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Income taxes paid, net $ 9,373 $ 7,768 $ 12,851 $ 9,373 Interest paid $ 1,981 $ 1,992 $ 3,543 $ 4,082 Non-cash investing activity: Additions to property, plant and equipment in accounts payable $ 14,364 $ 8,902

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventory Costs) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 649,264	$ 504,307
Work in process	15,117	15,338
Finished goods	2,361	3,595
Inventories	$ 666,742	$ 523,240

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Schedule of Goodwill by Reportable Segments) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill [Line Items]
Goodwill	$ 192,116	$ 192,116
Americas [Member]
Goodwill [Line Items]
Goodwill	154,014	154,014
Asia [Member]
Goodwill [Line Items]
Goodwill	$ 38,102	$ 38,102

Goodwill And Other Intangible_3

Goodwill And Other Intangible Assets (Schedule Of Other Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 185,405	$ 185,392
Accumulated amortization	(124,553)	(121,161)
Net carrying amount	60,852	64,231
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	100,047	100,136
Accumulated amortization	(62,762)	(59,680)
Net carrying amount	37,285	40,456
Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	49,890	49,788
Accumulated amortization	(34,623)	(34,325)
Net carrying amount	15,267	15,463
Technology Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	26,800	26,800
Accumulated amortization	(26,800)	(26,800)
Net carrying amount	0	0
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	(368)	(356)
Net carrying amount	$ 500	$ 512

Goodwill And Other Intangible_4

Goodwill And Other Intangible Assets (Narrative) (Details)	6 Months Ended
	Jun. 30, 2022
Minimum [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	10 years
Minimum [Member] | Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	2 years
Maximum [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	14 years
Maximum [Member] | Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	14 years

Goodwill And Other Intangible_5

Goodwill And Other Intangible Assets (Schedule Of Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 1,592	$ 1,599	$ 3,201	$ 3,197
Amortization of capitalized purchased software costs			1,977	832
Amortization of debt costs			178	230
Total amortization			$ 5,356	$ 4,259

Goodwill And Other Intangible_6

Goodwill And Other Intangible Assets (Schedule Of Estimated Future Amortization Expense) (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (remaining six months)	$ 3,183
2023	5,979
2024	4,817
2025	4,817
2026	$ 4,817

Borrowing Facilities - Schedule

Borrowing Facilities - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Line Of Credit Facility [Line Items]
Less unamortized debt issuance costs	$ (2,047)	$ (1,670)
Long-term debt	264,203	129,580
Revolving Credit Facility [Member]
Line Of Credit Facility [Line Items]
Revolving credit facility	135,000
Principal amount	135,000
Term Loan Facility [Member]
Line Of Credit Facility [Line Items]
Principal amount	$ 131,250	$ 131,250

Borrowing Facilities - Narrativ

Borrowing Facilities - Narrative (Details) - USD ($)		6 Months Ended
	Dec. 21, 2021	Jun. 30, 2022	May 20, 2022	Dec. 31, 2021	Jul. 20, 2018
Line Of Credit Facility [Line Items]
Credit agreement, secured by percentage of voting capital stock of each direct foreign subsidiary		65%
Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Credit Agreement capacity	$ 381,000,000				$ 650,000,000
Federal Funds Rate		0.50%
Description of variable interest rate basis		The Amendment also established that the interest on outstanding borrowings starting on the next reset date and any new borrowings under the Amendment (other than swingline loans) will accrue, at the Company’s option, at (a) BSBY plus the Applicable Rate (as defined in the Credit Agreement, approximately 1.00% to 2.00% per annum depending on various factors) or (b) for U.S. Dollar denominated loans, the base rate (which is the highest of (i) the federal funds rate plus 0.50%, (ii) the Bank of America, N.A. prime rate, (iii) the one month BSBY adjusted daily plus 1.00% and (iv) 1.00%).
Credit Agreement covenant terms		The Credit Agreement contains certain financial covenants related to interest coverage and debt leverage, and certain customary affirmative and negative covenants, including restrictions on the Company’s 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 could 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 [Member] | BSBY Plus [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		1%
Credit Agreement [Member] | Alternate Base Rate Plus [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		1%
Credit Agreement [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		0.20%
Credit Agreement [Member] | Minimum [Member] | BSBY Plus [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		1%
Credit Agreement [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		0.30%
Credit Agreement [Member] | Maximum [Member] | BSBY Plus [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		2%
Credit Agreement [Member] | Bank Of America Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Credit Agreement description		On July 20, 2018, the Company entered into a $650 million credit agreement (the Prior Credit Agreement) by and among the Company, certain of its subsidiaries, the lenders party thereto and Bank of America, N.A., as Administrative Agent, Swingline Lender and a L/C Issuer. The Prior Credit Agreement was comprised of a five-year $500 million revolving credit facility and a five-year $151 million term loan facility, both which had a maturity date of July 20, 2023. The term loan facility proceeds were used to (i) refinance a portion of existing indebtedness and terminate all commitments under the Company’s prior $430 million credit agreement and (ii) pay the fees, costs and expenses associated with the foregoing and the negotiation, execution and delivery of the Prior Credit Agreement.
Credit Agreement issuer		Bank of America, N.A.
Revolving Credit Facility [Member]
Line Of Credit Facility [Line Items]
Credit Agreement capacity	$ 250,000,000				500,000,000
Term period	5 years	5 years
Possible increase to total commitments under Credit Agreement		$ 100,000,000
Revolving credit facility, available for future borrowings		311,100,000			430,000,000
Principal amount		135,000,000
Letters of credit outstanding amount		$ 3,900,000
Revolving Credit Facility [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Credit Agreement capacity			$ 250,000,000
Revolving Credit Facility [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Credit Agreement capacity			$ 450,000,000
Term Loan Facility [Member]
Line Of Credit Facility [Line Items]
Term period	5 years	5 years
Credit Agreement maturity date		Jul. 20, 2023
Term Loan proceeds	$ 131,300,000				$ 151,000,000
Term Loan frequency of periodic payments		quarterly
Quarterly principal installments, Percentage		1.25%
Derivative Notional Amount		$ 131,300,000
Debt Instrument, Interest Rate, Stated Percentage		2.928%
Principal amount		$ 131,250,000		$ 131,250,000
Term Loan Facility [Member] | Interest Rate Swap [Member]
Line Of Credit Facility [Line Items]
Derivative Notional Amount		$ 125,600,000
Term Loan Facility [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Credit Agreement maturity date	Jul. 20, 2023
Term Loan Facility [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Credit Agreement maturity date	Dec. 21, 2026
Term Loan Facility [Member] | Bank Of America Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Quarterly principal installments, Percentage		0.625%

Leases - Components of lease ex

Leases - Components of lease expense, and lease assets and liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Lease Cost:
Amortization of right-of-use assets (included in depreciation expense)	$ 24	$ 202	$ 48	$ 396
Interest on lease liabilities	7	83	15	175
Operating lease cost	4,425	3,802	8,699	7,596
Short-term lease cost	64	101	144	191
Variable lease cost	473	447	942	914
Total lease cost	4,993	$ 4,635	9,848	9,272
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for finance lease			15	194
Operating cash flows used for operating leases			9,328	8,372
Financing cash flows used for finance lease			82	793
Right-of-use assets obtained in exchange for new operating lease liabilities			10,683	$ 15,819
Assets and Liabilities, Lessee [Abstract]
Finance lease right-of-use assets (included in other assets)	$ 712		$ 712		$ 760
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets, net		Other assets, net		Other assets, net
Operating lease right-of-use assets	$ 98,580		$ 98,580		$ 99,158
Finance lease liability, current (included in current installments of long-term debt)	$ 169		$ 169		$ 165
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current installments of long-term debt		Current installments of long-term debt		Current installments of long-term debt
Finance lease liability, noncurrent (included in long-term debt)	$ 443		$ 443		$ 529
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt, less current installments		Long-term debt, less current installments		Long-term debt, less current installments
Operating lease liabilities, current (included in accrued liabilities)	$ 12,359		$ 12,359		$ 13,465
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued liabilities		Accrued liabilities		Accrued liabilities
Operating lease liabilities, noncurrent	$ 90,936		$ 90,936		$ 90,878
Weighted average remaining lease term – finance leases	3 years 4 months 24 days		3 years 4 months 24 days		3 years 10 months 24 days
Weighted average remaining lease term – operating leases	10 years 1 month 6 days		10 years 1 month 6 days		10 years
Weighted average discount rate – finance leases	4.80%		4.80%		4.80%
Weighted average discount rate – operating leases	4.10%		4.10%		4.10%

Leases - Future annual minimum

Leases - Future annual minimum lease payments and finance lease commitments (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Operating Leases
2022 (remaining six months)	$ 7,607
2023	14,639
2024	13,280
2025	12,756
2026	11,393
2027 and thereafter	67,718
Finance Leases
2022 (remaining nine months)	97
2023	194
2024	194
2025	178
2026	0
2027 and thereafter	$ 0

Leases - Future annual minimu_2

Leases - Future annual minimum lease payments and finance lease commitments - Present value of lease liabilities (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Present value of lease liabilities - Operating Leases
Total minimum lease payments	$ 127,393
Less: imputed interest	(24,098)
Present value of lease liabilities	103,295
Present value of lease liabilities - Finance Leases
Total minimum lease payments	663
Less: imputed interest	(51)
Present value of lease liabilities	$ 612

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	Jun. 30, 2022 USD ($)
Operating Leased Assets [Line Items]
LeaseExpirationYear	2032
Lessee, Operating Lease, Liability, Aggregate Annual Minimum Payments	$ 2.4

Common Stock and Stock-Based _2

Common Stock and Stock-Based Awards Plans - Dividends and Share Repurchase Authorization (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions							3 Months Ended		6 Months Ended
	Jun. 15, 2022	Mar. 15, 2022	Dec. 15, 2021	Sep. 15, 2021	Jun. 15, 2021	Mar. 15, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Feb. 19, 2019	Oct. 26, 2018	Mar. 06, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends paid							$ 5,800,000	$ 5,900,000	$ 11,600,000	$ 11,600,000
Quarterly cash dividend declared	$ 0.165	$ 0.165	$ 0.165	$ 0.165	$ 0.165	$ 0.16
Repurchase of common shares program authorized amount											$ 150,000,000	$ 100,000,000	$ 250,000,000
Repurchase of common shares remaining authorized amount							$ 154,600,000		$ 154,600,000
Accelerated Stock Repurchase Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase of common Shares							0.2		0.4
Repurchase of common shares, value							$ 3,900,000		$ 9,400,000
Repurchase of common shares, average cost per share							$ 24.11		$ 24.96

Common Stock and Stock-Based _3

Common Stock and Stock-Based Awards Plans - Stock-Based Compensation (Narrative) (Details) - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
	May 25, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares of common stock for issuance	1.4
Additional shares available for issuance		2.9		2.9
Compensation cost recognized for stock-based awards		$ 4.3	$ 4	$ 8.5	$ 6.9
Income tax benefit recognized in the income statement for stock-based awards		$ 1	$ 0.9	2	1.6
Total cash received as a result of stock option exercises				0.5	0.3
Tax benefit realized as a result of stock option exercises and the vesting of other share-based awards				2.4	2.5
Total intrinsic value of stock options exercised				$ 0.4	$ 0.5
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of options				10 years
Performance-Based Restricted Stock Units [Member] | Employee Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				4 years

Common Stock and Stock-Based _4

Common Stock and Stock-Based Awards Plans (Schedule Of Unrecognized Compensation Cost And Remaining Weighted-Average Amortization Period) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 27,887
Remaining weighted-average amortization period	2 years 8 months 12 days
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 8,434	[1]
Remaining weighted-average amortization period	1 year 10 months 24 days	[1]
[1] Based on the probable achievement of the performance goals identified in each award.

Common Stock and Stock-Based _5

Common Stock and Stock-Based Awards Plans (Summary Of Stock Options) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
Equity [Abstract]
Number of Options, Outstanding, Beginning balance | shares	132
Number of Options, Exercised | shares	(39)
Number of Options, Forfeited or expired | shares	(2)
Number of Options, Outstanding, Ending balance | shares	91
Weighted-Average Exercise Price, Outstanding, Beginning balance | $ / shares	$ 20.06
Weighted-Average Exercise Price, Exercised | $ / shares	16.33
Weighted-Average Exercise Price, Forfeited or expired | $ / shares	16.13
Weighted-Average Exercise Price, Outstanding, Ending balance | $ / shares	$ 21.76
Weighted-Average Remaining Contractual Term (Years), Outstanding	1 year 9 months
Aggregate Intrinsic Value, Outstanding | $	$ 107

Common Stock and Stock-Based _6

Common Stock and Stock-Based Awards Plans (Summary Of Stock-Based Awards) (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2022 $ / shares shares
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	1,057
Granted, shares or units | shares	591
Vested, shares or units | shares	(388)
Forfeited, shares or units | shares	(55)
Non-vested shares outstanding, shares or units, ending balance | shares	1,205
Non-vested outstanding, weighted-average grant date fair value, beginning balance | $ / shares	$ 28.02
Granted, weighted-average grant date fair value | $ / shares	25.79
Vested, weighted-average grant date fair value | $ / shares	28.21
Forfeited, weighted-average grant date fair value | $ / shares	27.49
Non-vested outstanding, weighted-average grant date fair value, ending balance | $ / shares	$ 26.89
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	542
Granted, shares or units | shares	177	[1]
Forfeited, shares or units | shares	(174)
Non-vested shares outstanding, shares or units, ending balance | shares	545
Non-vested outstanding, weighted-average grant date fair value, beginning balance | $ / shares	$ 28.06
Granted, weighted-average grant date fair value | $ / shares	25.97	[1]
Forfeited, weighted-average grant date fair value | $ / shares	27.29
Non-vested outstanding, weighted-average grant date fair value, ending balance | $ / shares	$ 27.62
[1] Represents target number of units that can vest based on the achievement of the performance goals.

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
U.S. Federal, Current			$ 67	$ (365)
State and local, Current			458	354
Foreign, Current			9,177	5,098
Deferred			(3,098)	(1,475)
Total income tax expense	$ 4,071	$ 1,855	$ 6,604	$ 3,612

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Taxes [Line Items]
Cumulative undistributed earnings of foreign subsidiaries			$ 365.2
Income tax incentives	$ 1.7	$ 2.2
Net impact of tax incentives, per diluted share	$ 0.05	$ 0.06
Unrecognized tax benefits including interest and penalties	$ 9.6
Malaysia [Member] | Latest Tax Year [Member]
Income Taxes [Line Items]
Income tax holidays expiration date	2026
China [Member] | Earliest Tax Year [Member]
Income Taxes [Line Items]
Income tax holidays expiration date	2023
Thailand [Member] | Earliest Tax Year [Member]
Income Taxes [Line Items]
Income tax holidays expiration date	2030

Income Taxes - Schedule of Tax

Income Taxes - Schedule of Tax Incentives (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income Taxes [Line Items]
Income tax incentives	$ 1,683	$ 2,172
China [Member]
Income Taxes [Line Items]
Income tax incentives	215	0
Malaysia [Member]
Income Taxes [Line Items]
Income tax incentives	0	877
Thailand [Member]
Income Taxes [Line Items]
Income tax incentives	$ 1,467	$ 1,295

Revenue (Disaggregation of reve

Revenue (Disaggregation of revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 750,587	$ 566,429	$ 1,413,754	$ 1,092,451
Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	728,029	544,662	1,364,112	1,050,383
Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	158,836	99,906	295,982	195,358
Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	89,897	96,680	171,084	186,061
Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	166,234	108,905	283,107	217,095
Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	174,899	139,204	358,336	252,314
Operating Segments [Member] | Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	68,636	39,598	123,692	83,284
Operating Segments [Member] | Telecommunications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	69,527	60,369	131,911	116,271
Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	22,558	21,767	49,642	42,068
Americas [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	360,275	292,270	665,855	569,108
Americas [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	350,925	279,970	644,794	546,039
Americas [Member] | Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	22,941	20,358	41,667	41,354
Americas [Member] | Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	77,803	91,427	146,504	174,914
Americas [Member] | Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	86,879	47,920	154,858	95,344
Americas [Member] | Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	68,706	55,492	135,029	104,358
Americas [Member] | Operating Segments [Member] | Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	57,045	32,766	101,671	68,104
Americas [Member] | Operating Segments [Member] | Telecommunications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	37,551	32,007	65,065	61,965
Americas [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	9,350	12,300	21,061	23,069
Asia [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	320,462	222,539	607,708	410,843
Asia [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	308,166	213,409	580,645	392,431
Asia [Member] | Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	100,495	61,115	184,953	116,525
Asia [Member] | Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	8,667	73	15,682	73
Asia [Member] | Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	69,459	50,386	108,452	91,170
Asia [Member] | Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	85,978	66,781	182,796	115,542
Asia [Member] | Operating Segments [Member] | Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	11,591	6,832	22,021	15,180
Asia [Member] | Operating Segments [Member] | Telecommunications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	31,976	28,222	66,741	53,941
Asia [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	12,296	9,130	27,063	18,412
Europe [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	69,850	51,620	140,191	112,500
Europe [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	68,938	51,283	138,673	111,913
Europe [Member] | Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	35,400	18,433	69,362	37,479
Europe [Member] | Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	3,427	5,180	8,898	11,074
Europe [Member] | Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	9,896	10,599	19,797	30,581
Europe [Member] | Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	20,215	16,931	40,511	32,414
Europe [Member] | Operating Segments [Member] | Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0	0	0
Europe [Member] | Operating Segments [Member] | Telecommunications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	140	105	365
Europe [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 912	$ 337	$ 1,518	$ 587

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disaggregation Of Revenue [Line Items]
Contract assets	$ 179,172		$ 155,243
Advance payments from customers	173,557		118,124
Customer Deposits and Prepayments of Inventory [Member]
Disaggregation Of Revenue [Line Items]
Advance payments from customers	144,900		79,900
Contractual Timing of Payments [Member]
Disaggregation Of Revenue [Line Items]
Advance payments from customers	$ 28,700		$ 38,200
Transferred Over Time [Member]
Disaggregation Of Revenue [Line Items]
Percentage Of Revenue	90.20%	90%

Revenue (Schedule of Significan

Revenue (Schedule of Significant Changes in Contract Assets) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Change in Contract with Customer, Asset [Abstract]
Beginning balance as of December 31	$ 155,243	$ 142,779
Revenue recognized	1,233,229	944,052
Amounts collected or invoiced	(1,209,300)	(932,202)
Ending balance as of June 30	$ 179,172	$ 154,629

Accounts Receivable Sale Prog_2

Accounts Receivable Sale Programs (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Receivables [Abstract]
Maximum Limit Accounts Receivable Sale Program			$ 120
Trade Accounts Receivable Sold	$ 119.4	$ 87	226.6	$ 166.3
Amount Received From Trade Accounts Receivable Sold To Third Party	$ 118.9	$ 86.8	$ 226	$ 166

Restructuring Charges (Schedule

Restructuring Charges (Schedule Of Accrued Restructuring) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Restructuring Cost And Reserve [Line Items]
Beginning Balance	$ 3,511
Restructuring charges	3,580
Cash Payment	(3,051)
Non-Cash Activity	(388)
Ending Balance	3,652
Severance costs	1,713
Lease Facility Cost	1,256
Other exit costs	611
Restructuring Charges, Total	3,580
Americas [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring charges	3,450
Severance costs	1,583
Lease Facility Cost	1,256
Other exit costs	611
Restructuring Charges, Total	3,450
Asia [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring charges	130
Severance costs	130
Lease Facility Cost	0
Other exit costs	0
Restructuring Charges, Total	130
Europe [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring charges	0
Severance costs	0
Lease Facility Cost	0
Other exit costs	0
Restructuring Charges, Total	0
Severance [Member]
Restructuring Cost And Reserve [Line Items]
Beginning Balance	3,257
Restructuring charges	1,713
Cash Payment	(1,129)
Non-Cash Activity	(205)
Ending Balance	3,636
Restructuring Charges, Total	1,713
Lease Facility Costs [Member]
Restructuring Cost And Reserve [Line Items]
Beginning Balance	17
Restructuring charges	1,256
Cash Payment	(1,257)
Non-Cash Activity	0
Ending Balance	16
Restructuring Charges, Total	1,256
Other Exit Costs [Member]
Restructuring Cost And Reserve [Line Items]
Beginning Balance	237
Restructuring charges	611
Cash Payment	(665)
Non-Cash Activity	(183)
Ending Balance	0
Restructuring Charges, Total	$ 611

Restructuring Charges (Addition

Restructuring Charges (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2021	Jun. 30, 2022
Restructuring charges		$ 3,580
Sale of equipment		1,300
Loss on assets held for sale		2,000
Sale of building		4,300
Gain on assets held from sale		2,400
Americas [Member]
Restructuring charges		3,450
Costs Related to Asset Impairments	$ 4,400
Different Locations [Member]
Restructuring charges		$ 3,600

Ransomware incident (Narrative)

Ransomware incident (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Text Block Supplement [Abstract]
Ransomware related incident costs, gross							$ 12,700
Ransomware related incident costs, net	$ 0	$ 0	$ 0	$ (3,444)			7,700
Insurance recoveries							$ 5,000
Collection of recorded insurance receivable						$ 6,600
Insurance recoveries collected at point in time	$ 0		$ 0		$ 10,500
Additional collection of recorded insurance receivable					$ 3,900	$ 1,600

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Calculation Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share Reconciliation [Line Items]
Net income	$ 17,221	$ 7,369	$ 28,181	$ 15,286
Denominator for basic earnings per share – weighted-average number of common shares outstanding during the period	35,157	35,753	35,201	36,000
Denominator for diluted earnings per share	35,336	36,061	35,616	36,474
Basic earnings per share	$ 0.49	$ 0.21	$ 0.80	$ 0.42
Diluted earnings per share	$ 0.49	$ 0.20	$ 0.79	$ 0.42
Stock Options [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to exercise of dilutive options	9	45	21	49
Restricted Stock Units [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to exercise of dilutive options	170	263	394	425

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities to purchase common shares	600	4	2	4

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Unrealized gain (loss) on derivatives, net of tax	$ 1,116	$ 637	$ 3,563	$ 1,582
Amounts classified from accumulated other comprehensive income	200		100
Interest Rate Swap [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Derivative Notional Amount	$ 125,600		$ 125,600		$ 129,400
Fixed interest rate	2.928%		2.928%
Unrealized gain (loss) on interest rate swap	$ 1,600	800	$ 4,300	2,100
Unrealized gain (loss) on derivatives, net of tax	1,200	$ 700	3,200	$ 1,600
Forward Currency Exchange [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Derivative Notional Amount	10,000		10,000
Unrealized gain (loss) on interest rate swap	100		400
Unrealized gain (loss) on derivatives, net of tax	$ 100		$ 300

Financial Instruments - Summary

Financial Instruments - Summary of Fair Values of Derivative Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Current Assets [Member] | Forward currency exchange contracts [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Fair value of forward currency exchange contracts	$ 254	$ 0
Other Current Assets [Member] | Interest Rate Swap [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Fair value of interest rate swap	0	0
Accrued Liabilities [Member] | Forward currency exchange contracts [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Fair value of forward currency exchange contracts	0	178
Accrued Liabilities [Member] | Interest Rate Swap [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Fair value of interest rate swap	$ 5	$ 4,332

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (Schedule Of Accumulated Other Comprehensive Loss By Component) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	$ (15,887)	$ (17,987)	$ (17,158)	$ (16,651)
Other comprehensive gain (loss) before reclassifications	(2,253)	1,466	(1,065)	130
Amounts reclassified from accumulated other comprehensive loss	(152)		69
Net current period other comprehensive gain (loss)	(2,405)	1,466	(1,134)	130
Accumulated other comprehensive loss, net of tax, ending balance	(18,292)	(16,521)	(18,292)	(16,521)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	(13,884)	(10,795)	(12,729)	(8,375)
Other comprehensive gain (loss) before reclassifications	(3,501)	712	(4,656)	(1,708)
Amounts reclassified from accumulated other comprehensive loss
Net current period other comprehensive gain (loss)	(3,501)	712	(4,656)	(1,708)
Accumulated other comprehensive loss, net of tax, ending balance	(17,385)	(10,083)	(17,385)	(10,083)
Derivative Instruments, Net of Tax [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	(925)	(5,797)	(3,372)	(6,742)
Other comprehensive gain (loss) before reclassifications	1,268	637	3,632	1,582
Amounts reclassified from accumulated other comprehensive loss	(152)		(69)
Net current period other comprehensive gain (loss)	1,116	637	3,563	1,582
Accumulated other comprehensive loss, net of tax, ending balance	(191)	(5,160)	(191)	(5,160)
Other [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	(1,078)	(1,395)	(1,057)	(1,534)
Other comprehensive gain (loss) before reclassifications	(20)	117	(41)	256
Amounts reclassified from accumulated other comprehensive loss
Net current period other comprehensive gain (loss)	(20)	117	(41)	256
Accumulated other comprehensive loss, net of tax, ending balance	$ (1,098)	$ (1,278)	$ (1,098)	$ (1,278)

Segment And Geographic Inform_3

Segment And Geographic Information (Operating Segments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Sales	$ 728,029	$ 544,662	$ 1,364,112	$ 1,050,383
Depreciation and amortization	10,965	10,939	21,862	21,994
Income from operations	22,432	10,699	37,839	22,633
Interest expense	(2,185)	(2,079)	(3,935)	(4,228)
Interest income	261	164	391	329
Other expense	784	440	490	164
Income before income taxes	21,292	9,224	34,785	18,898
Capital expenditures	6,996	12,197	24,971	18,619
Total assets	2,166,785		2,166,785		$ 1,903,880
Elimination Of Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Sales	(22,558)	(21,767)	(49,642)	(42,068)
Corporate And Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income from operations	(24,549)	(28,465)	(51,951)	(47,355)
Americas [Member]
Segment Reporting Information [Line Items]
Sales	360,275	292,270	665,855	569,108
Depreciation and amortization	4,772	5,252	9,627	10,547
Income from operations	16,121	11,995	26,486	20,229
Capital expenditures	2,576	6,923	15,092	11,842
Total assets	993,027		993,027		885,574
Asia [Member]
Segment Reporting Information [Line Items]
Sales	320,462	222,539	607,708	410,843
Depreciation and amortization	2,551	2,657	5,098	5,343
Income from operations	29,852	25,467	57,658	42,819
Capital expenditures	2,119	2,129	6,047	2,334
Total assets	792,772		792,772		663,881
Europe [Member]
Segment Reporting Information [Line Items]
Sales	69,850	51,620	140,191	112,500
Depreciation and amortization	814	692	1,618	1,404
Income from operations	1,008	1,702	5,646	6,940
Capital expenditures	1,452	2,433	3,249	2,719
Total assets	198,334		198,334		178,263
Corporate [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	2,828	2,338	5,519	4,700
Capital expenditures	849	$ 712		$ 1,724
Capital expenditures			583
Total assets	$ 182,652		$ 182,652		$ 176,162

Segment And Geographic Inform_4

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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Geographic net sales	$ 728,029	$ 544,662	$ 1,364,112	$ 1,050,383
Long-lived assets	365,521		365,521		$ 357,648
United States [Member]
Segment Reporting Information [Line Items]
Geographic net sales	401,842	321,605	730,952	618,648
Long-lived assets	251,049		251,049		240,430
Asia [Member]
Segment Reporting Information [Line Items]
Long-lived assets	65,025		65,025		65,327
Singapore [Member]
Segment Reporting Information [Line Items]
Geographic net sales	116,284	78,598	221,956	141,755
Other Asia [Member]
Segment Reporting Information [Line Items]
Geographic net sales	85,805	46,258	160,715	85,103
Europe [Member]
Segment Reporting Information [Line Items]
Geographic net sales	96,705	66,965	195,970	142,291
Long-lived assets	29,444		29,444		29,588
Other Foreign [Member]
Segment Reporting Information [Line Items]
Geographic net sales	27,393	$ 31,236	54,519	$ 62,586
Long-lived assets	$ 20,003		$ 20,003		$ 22,303

Supplemental Cash Flow and No_3

Supplemental Cash Flow and Non-Cash Information (Schedule Of Supplemental Cash Flow and Non-Cash Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Supplemental Cash Flow Information [Abstract]
Income taxes paid, net	$ 9,373	$ 7,768	$ 12,851	$ 9,373
Interest paid	$ 1,981	$ 1,992	3,543	4,082
Non-cash investing activity:
Additions to property, plant and equipment in accounts payable			$ 14,364	$ 8,902