Benchmark Electronics (BHE) 10-K 24 Feb 23 2022 FY Annual report Financial data

Cover

Cover - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2022	Feb. 22, 2023	Jun. 30, 2022
Cover [Abstract]
Entity Central Index Key	0000863436
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 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	85288
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		35,191,035
Entity Public Float			$ 1
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Documents Incorporated by Reference	Documents Incorporated by Reference: Portions of the registrant’s Proxy Statement for the 2023 Annual Meeting of Shareholders, to be filed with the Securities and Exchange Commission not later than 120 days after the end of the registrant’s fiscal year ended December 31, 2022, are incorporated herein by reference (Part III, Items 10-14 of this Annual Report on Form 10-K).
Auditor Firm ID	185
Auditor Name	KPMG LLP
Auditor Location	Phoenix, Arizona

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 207,430	$ 271,749
Accounts receivable, net of allowance for doubtful accounts of $514 and $788, respectively	491,957	355,883
Contract assets	183,613	155,243
Inventories	727,749	523,240
Prepaid expenses and other assets	41,392	41,688
Income taxes receivable	8	341
Total current assets	1,652,149	1,348,144
Property, plant and equipment, net	211,478	186,666
Operating lease right-of-use assets	93,081	99,158
Goodwill	192,116	192,116
Deferred income taxes	12,235	5,972
Other assets, net	66,272	71,824
Total assets	2,227,331	1,903,880
Current liabilities:
Current installments of long-term debt	4,275	985
Accounts payable	424,272	426,555
Advance payments from customers	197,937	118,124
Income taxes payable	12,236	6,164
Accrued liabilities	110,416	102,554
Total current liabilities	749,136	654,382
Long-term debt, less current installments	320,675	129,289
Operating lease liabilities	86,687	90,878
Other long-term liabilities	43,922	55,445
Deferred income taxes	495	84
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $0.10 par value; 5,000 shares authorized, none issued	0	0
Common stock, $0.10 par value; 145,000 shares authorized; issued and outstanding - 35,164 and 35,213, respectively	3,516	3,521
Additional paid-in capital	519,238	507,447
Retained earnings	519,895	479,992
Accumulated other comprehensive loss	(16,233)	(17,158)
Total shareholders’ equity	1,026,416	973,802
Total liabilities and shareholders' equity	$ 2,227,331	$ 1,903,880

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, accounts receivable	$ 514	$ 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	35,164,000	35,213,000
Common stock, outstanding	35,164,000	35,213,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Sales	$ 2,886,331	$ 2,255,319	$ 2,053,131
Cost of sales	2,631,096	2,049,418	1,878,083
Gross profit	255,235	205,901	175,048
Selling, general and administrative expenses	150,215	136,700	122,195
Amortization of intangible assets	6,384	6,384	9,099
Restructuring charges and other costs	8,567	13,699	19,970
Ransomware related incident costs (recovery), net	0	(3,944)	(1,350)
Income from operations	90,069	53,062	25,134
Interest expense	(12,894)	(8,472)	(8,364)
Interest income	1,730	540	1,196
Other expense	5,437	277	(673)
Income before income taxes	84,342	45,407	17,293
Income tax expense	16,113	9,637	3,238
Net income	$ 68,229	$ 35,770	$ 14,055
Earnings per share:
Basic	$ 1.94	$ 1	$ 0.38
Diluted	$ 1.91	$ 0.99	$ 0.38
Weighted-average number of shares outstanding:
Basic	35,179	35,655	36,524
Diluted	35,718	36,101	36,817

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 68,229	$ 35,770	$ 14,055
Other comprehensive income (loss):
Foreign currency translation adjustments	(3,148)	(4,354)	4,050
Unrealized gain (loss) on derivatives, net of tax	4,160	3,370	(3,142)
Other	(87)	477	(800)
Other comprehensive income (loss)	925	(507)	108
Comprehensive income	$ 69,154	$ 35,263	$ 14,163

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - 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, 2019	$ 1,014,832	$ 3,696	$ 512,019	$ 515,876	$ (16,759)
Balances, shares at Dec. 31, 2019		36,957
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	10,398		10,398
Shares repurchased and retired, value	(25,220)	$ (97)	(10,704)	(14,419)
Shares repurchased and retired, shares		(964)
Stock options exercised, value	$ 958	$ 5	953
Stock options exercised, shares	76	55
Vesting of restricted stock units, value		$ 34	(34)
Vesting of restricted stock units, shares		336
Shares withheld for taxes, value	$ (2,236)	$ (9)	(2,227)
Shares withheld for taxes, shares		(89)
Dividends declared	(23,307)			(23,307)
Net income	14,055			14,055
Other comprehensive income loss	108				108
Ending 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	15,262		15,262
Shares repurchased and retired, value	(40,216)	$ (138)	(15,362)	(24,716)
Shares repurchased and retired, shares		(1,380)
Stock options exercised, value	$ 346	$ 3	343
Stock options exercised, shares	54	30
Vesting of restricted stock units, value		$ 38	(38)
Vesting of restricted stock units, shares		377
Shares withheld for taxes, value	$ (3,174)	$ (11)	(3,163)
Shares withheld for taxes, shares		(109)
Dividends declared	(23,267)			(23,267)
Net income	35,770			35,770
Other comprehensive income loss	(507)				(507)
Ending 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	$ 18,485		18,485
Shares repurchased and retired, value	(9,391)	$ (37)	(4,177)	(5,177)
Shares repurchased and retired, shares		(376)
Stock options exercised, value	$ 716	$ 4	712
Stock options exercised, shares	53	45
Vesting of restricted stock units, value		$ 41	(41)
Vesting of restricted stock units, shares		407
Shares withheld for taxes, value	$ (3,201)	$ (13)	(3,188)
Shares withheld for taxes, shares		(125)
Dividends declared	(23,149)			(23,149)
Net income	68,229			68,229
Other comprehensive income loss	925				925
Ending Balances, value at Dec. 31, 2022	$ 1,026,416	$ 3,516	$ 519,238	$ 519,895	$ (16,233)
Balances, shares at Dec. 31, 2022	35,164	35,164

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 68,229	$ 35,770	$ 14,055
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation	33,339	35,003	37,739
Amortization	10,913	9,149	11,053
Provision for doubtful accounts	489	0	2,160
Deferred income taxes	(7,248)	(6,883)	(7,312)
Asset impairments	0	4,357	6,950
Loss (gain) on the sale of property, plant and equipment	(289)	148	(155)
Gain on assets held for sale	(393)	0	0
Stock-based compensation expense	18,485	15,262	10,398
Changes in operating assets and liabilities:
Accounts receivable	(136,455)	(46,967)	13,586
Contract assets	(28,370)	(12,464)	18,282
Inventories	(206,247)	(197,867)	(10,799)
Prepaid expenses and other assets	(6,467)	(12,201)	4,080
Accounts payable	(16,656)	139,952	(15,553)
Advance payments from customers	79,813	34,002	46,611
Accrued liabilities	6,303	(508)	(9,826)
Operating leases	441	(167)	724
Income taxes	6,646	792	(1,555)
Net cash (used in) provided by operations	(177,467)	(2,622)	120,438
Cash flows from investing activities:
Additions to property, plant and equipment	(43,357)	(38,794)	(34,584)
Proceeds from the sale of property, plant and equipment	321	239	368
Proceeds from the sale of assets held for sale	5,372	0	0
Additions to purchased software	(3,417)	(3,383)	(4,935)
Cash received from business divestitures	0	0	4,714
Other	(93)	63	54
Net cash used in investing activities	(41,174)	(41,875)	(34,383)
Cash flows from financing activities:
Debt issuance costs	(574)	(1,150)	0
Proceeds from stock options exercised	716	346	958
Employee taxes paid for with shares withheld	(3,201)	(3,174)	(2,236)
Dividends paid	(23,156)	(23,260)	(23,041)
Borrowings under credit agreement	828,000	150,000	110,000
Borrowings under finance leases	0	0	864
Principal payments on credit agreement	(633,000)	(155,625)	(117,500)
Principal payments on finance leases	(165)	(873)	(1,351)
Share repurchases	(9,391)	(40,216)	(25,220)
Net cash provided by (used in) financing activities	159,229	(73,952)	(57,526)
Effect of exchange rate changes	(4,907)	(5,792)	3,505
Net (decrease) increase in cash and cash equivalents and restricted cash	(64,319)	(124,241)	32,034
Cash and cash equivalents and restricted cash at beginning of year	271,749	395,990	363,956
Cash and cash equivalents and restricted cash at end of period	$ 207,430	$ 271,749	$ 395,990

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1—Summary of Significant Accounting Policies (a) Business 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 communications and advanced computing. The Company has manufacturing operations located in the United States and Mexico (the Americas), Asia and Europe. (b) Principles of Consolidation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) and include the financial statements of Benchmark Electronics, Inc. and its wholly owned and majority owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. (c) Cash and Cash Equivalents and Restricted Cash The Company considers all highly liquid debt instruments with an original maturity at the date of purchase of three months or less to be cash equivalents. Cash equivalents of $ 88.9 million and $ 76.2 million at December 31, 2022 and 2021 , respectively, consisted primarily of money-market funds and time deposits with an initial term of less than three months. Restricted cash represents cash received from customers to settle invoices sold under accounts receivable purchase agreements that is contractually required to be set aside until the cash is remitted to the purchaser. (d) Allowance for Doubtful Accounts Accounts receivable are recorded net of allowances for amounts not expected to be collected. In estimating the allowance, management considers a specific customer’s financial condition, payment history, current conditions, and various information or disclosures by the customer or other publicly available information. Accounts receivable are charged against the allowance after all reasonable efforts to collect the full amount (including litigation, where appropriate) have been exhausted. The following table summarizes the activity in the Company’s allowance for doubtful accounts during 2022, 2021 and 2020: Balance at Balance at Beginning Charges to End of (in thousands) of Period Operations Deductions Period Year ended December 31, 2022: Allowance for doubtful accounts(1) $ 788 489 ( 763 ) $ 514 Year ended December 31, 2021: Allowance for doubtful accounts(1) $ 1,371 — ( 583 ) $ 788 Year ended December 31, 2020: Allowance for doubtful accounts(1) $ 10,085 2,160 ( 10,874 ) $ 1,371 (1) Deductions in the allowance for doubtful accounts represent write-offs, net of recoveries, of amounts determined to be uncollectible. (e) Inventories Inventories include material, labor and overhead and are stated at the lower of cost (principally first-in, first-out method) or net realizable value. (f) Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation is calculated on the straight-line method over the useful lives of the assets – 5 to 40 years for buildings and building improvements, 2 to 15 years for machinery and equipment, 2 to 12 years for furniture and fixtures and 2 to 8 years for vehicles. Leasehold improvements are amortized on the straight-line method over the shorter of the useful life of the improvement or the remainder of the lease term. (g) Leases Lease assets and liabilities are initially recognized based on the present value of lease payments over the lease term calculated using the Company’s incremental borrowing rate, unless the implicit rate is readily determinable. Our incremental borrowing rate represents the rate of interest that we would have to pay to borrow on a collateralized basis over a similar term in a similar economic environment. Lease assets also include any upfront lease payments made and exclude lease incentives. Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the consolidated statements of income. Management elected the short-term lease recognition exemption for all of the Company’s leases that qualify, in addition to the practical expedient to not separate lease and non-lease components. (h) Goodwill and Other Intangible Assets Goodwill represents the excess of purchase price over fair value of net assets acquired. Goodwill and intangible assets acquired in a business combination and determined to have an indefinite useful life are not amortized, but instead assessed for impairment at least annually. Intangible assets, including those acquired in a business combination, with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values. (i) Impairment of Long-Lived Assets and Goodwill Long-lived assets, such as property, plant, and equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the estimated fair value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or estimated fair value less costs to sell, and are no longer depreciated. Goodwill is tested for impairment on an annual basis, during the fourth quarter, and whenever events and changes in circumstances suggest that the carrying amount may be impaired. Circumstances that may lead to the impairment of goodwill include unforeseen decreases in future performance or industry demand or the restructuring of our operations as a result of a change in our business strategy. A qualitative assessment is allowed to determine if goodwill is potentially impaired. Based on this qualitative assessment, if the Company determines that it is more likely than not that the reporting unit’s fair value is less than its carrying value, then it performs a quantitative assessment, otherwise no further analysis is required. In connection with its annual qualitative goodwill impairment assessments as of December 31, 2022, 2021 and 2020 , the Company concluded that goodwill was not impaired. (j) Earnings Per Share Basic earnings per share is computed using the weighted-average number of shares outstanding. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for the incremental shares attributed to outstanding stock equivalents. Stock equivalents include common shares issuable upon the exercise of stock options and other equity 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. The following table sets forth the calculation of basic and diluted earnings per share. Year Ended (in thousands, except per share data) 2022 2021 2020 Net income $ 68,229 $ 35,770 $ 14,055 Denominator for basic earnings per share – weighted-average 35,179 35,655 36,524 Incremental common shares attributable to exercise of dilutive 17 39 36 Incremental common shares attributable to outstanding restricted stock units 522 407 257 Denominator for diluted earnings per share 35,718 36,101 36,817 Basic earnings per share $ 1.94 $ 1.00 $ 0.38 Diluted earnings per share $ 1.91 $ 0.99 $ 0.38 There were no potentially dilutive securities excluded from the computation of diluted earnings per share in 2022. Restricted s tock units totaling less than 0.1 million common shares for 2021 and 2020 , were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive. (k) Revenue Recognition The Company recognizes revenue as the customer takes control of the manufactured products built to customer specifications. 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 product to the customer, which is generally when the goods are shipped. Revenue from design, development and engineering services is recognized over time as the services are performed. The Company’s performance obligations generally have an expected duration of one year or less. The Company applies the practical expedient 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 or any significant financing components in the contracts. The Company recognizes the incremental costs, if any, of obtaining contracts as an expense when incurred since the amortization period of the assets that the Company otherwise would have recognized is one year less. (l) Income Taxes Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. The Company records a valuation allowance to reduce its deferred tax assets to the amounts that are more likely than not to be realized. The Company has considered the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in assessing the need for the valuation allowance. (m) Stock-Based Compensation All share-based payments to employees, including grants of employee stock options (which have not been awarded since 2015), are recognized in the consolidated financial statements based on their grant date fair values. The total compensation cost recognized for stock-based awards was $ 18.5 million, $ 15.3 million and $ 10.4 million for 2022, 2021 and 2020, respectively. The future tax benefit of these stock-based awards as of the grant date was $ 4.4 million, $ 3.6 million and $ 2.4 million for each of 2022, 2021 and 2020, respectively. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model. Awards of restricted stock units and performance-based restricted stock units are valued at the closing market price of the Company’s common stock on the date of grant. For performance-based restricted stock units, compensation expense is based on the probability that the performance goals will be achieved, which is monitored by management throughout the requisite service period. When it becomes probable, based on the Company’s expectation of performance during the measurement period, that more or less than the previous estimate of the awarded shares will vest, an adjustment to stock-based compensation expense is recognized as a change in accounting estimate. As of December 31, 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 $ 21,578 $ 6,125 Remaining weighted-average amortization period 2.5 years 1.6 years (1) Based on the probable achievement of the performance goals identified in each award. The total cash received as a result of stock option exercises in 2022, 2021 and 2020 was approximately $ 0.7 million, $ 0.3 million and $ 1.0 million, respectively. The actual tax benefit realized as a result of stock option exercises and the vesting of other share-based awards during 2022, 2021 and 2020 was $ 2.5 m illion, $ 2.7 million and $ 2.1 million, respectively. For 2022, 2021 and 2020, the total intrinsic value of stock options exercised was $ 0.5 million, respectively. The Company awarded performance-based restricted stock units to employees during 2022, 2021 and 2020. The number of performance-based restricted stock units that will ultimately be earned will not be determined until the end of the corresponding performance periods, and may vary from as low as zero to as high as 2.5 times the target number depending on the level of achievement of certain performance goals. The level of achievement of these goals is based upon the financial results of the Company for the last full calendar year within the performance period. The performance goals consist of certain levels of achievement using the following financial metrics: revenue, operating income margin, and return on invested capital. If the performance goals are not met based on the Company’s financial results, the applicable performance-based restricted stock units will not vest and will be forfeited. Shares subject to forfeited performance-based restricted stock units will be available for issuance under the Company’s 2019 Omnibus Incentive Compensation Plan (the 2019 Plan). (n) Use of Estimates Management of the Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in accordance with U.S. GAAP with consideration given to the potential impacts of COVID. However, actual results could differ materially from these estimates and be significantly affected by the duration and spread of the COVID pandemic and its severity; the emergence and severity of its variants, including the Delta and Omicron variants; the actions to contain the virus or treat its impact, including the availability and efficacy of vaccinations (particularly with respect to emerging strains of the virus) and the rate of inoculations; general economic factors, such as increased inflation; global supply chain constraints and shortages; labor supply issues; and how quickly and to what extent normal economic and operating conditions can resume, which may not return fully to pre- pandemic levels. On an ongoing basis, management evaluates these estimates, including those related to accounts receivable, inventories, income taxes, long-lived assets, leases, goodwill, stock-based compensation and contingencies and litigation. Actual results could differ from those estimates. (o) Fair Values of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A three-tier fair value hierarchy of inputs is employed to determine fair value measurements. • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets and liabilities. • Level 2 inputs are observable prices that are not quoted on active exchanges, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities. This hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. The Company’s financial instruments include cash equivalents, accounts and other receivables, accounts payable, accrued liabilities and long-term debt and financing lease obligations. The Company believes that the carrying values of these instruments approximate their fair value. As of December 31, 2022, the fair value estimates for the Company's forward currency exchange contracts and the Company’s interest rate swap agreement were based on Level 2 inputs of the fair value hierarchy. See Note 10. (p) Foreign Currency For foreign subsidiaries using the local currency as their functional currency, assets and liabilities are translated at exchange rates in effect at the balance sheet date and income and expenses are translated at average exchange rates. The effects of these translation adjustments are reported in other comprehensive income. Exchange gains and losses arising from transactions denominated in a curre ncy other than the functional currency of the entity involved are included in other income (expense) and was a gain of $ 0.6 million, a loss of $ 0.3 million and a loss of $ 1.8 million in 2022, 2021 and 2020 , respectively. These amounts include the amount of gain (loss) recognized in income due to forward currency exchange contracts. (q) Derivative Instruments All derivative instruments are recorded on the balance sheet at fair value. The Company uses derivative instruments to manage the variability of foreign currency obligations and interest rates. The Company does not enter into derivative arrangements for speculative purposes. Generally, if a derivative instrument is designated as a cash flow hedge, the change in the fair value of the derivative is recorded in other comprehensive income to the extent the derivative is effective and recognized in the consolidated statements of income when the hedged item affects earnings. Changes in fair value of derivatives that are not designated as cash flow hedges are recorded in earnings. Cash receipts and cash payments related to derivative instruments are recorded in the same category as the cash flows from the items being hedged on the consolidated statements of cash flows. (r) Government Assistance Programs and Incentives The operation of our business is impacted by various government programs, incentives, and other arrangements. Government incentives are recorded in our consolidated financial statements in accordance with their purpose as a reduction of expense, or an offset to the related capital asset. The benefit is generally recorded when all conditions attached to the incentive have been met or are expected to be met and there is reasonable assurance of their receipt. The Company recorded $ 0.9 million in new government incentives for the year ended December 31, 2022 compared to $ 0.5 million of incentives recorded during the year ended December 31, 2021 as reductions of costs of sales and selling, general and administrative expense in the consolidated statements of income. As of December 31, 2022 and 2021, none and $ 0.5 million was recorded in prepaid and other assets in the consolidated balance sheets. (s) 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. In December 2022, the FASB issued ASU No. 2022-06, Deferral of the Sunset Date of Topic 848 (Topic 848), which defers the sunset date of ASC 848 from December 31, 2022 to December 31, 2024. 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. In November 2021, the FASB issued ASU No. 2021-10: Disclosures by Business Entities about Government Assistance (Topic 832). The pronouncement intends to increase transparency in financial reporting by requiring business entities to disclose information about certain types of government assistance (e.g., forgivable loans, cash grants and grants of other assets) they receive. This update is effective for financial statements issued for annual periods beginning after December 15, 2021. Early application is permitted. The adoption of ASU No. 2021-10 did not have a material impact on our consolidated financial statements or disclosures. 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. Not Yet Adopted In September 2022, the FASB issued ASU No. 2022-04: Disclosure of Supplier Finance Program Obligations (Subtopic 405-50), which requires a buyer in a supplier finance program to disclose sufficient information about the program to allow a user of financial statements to understand the program's nature, activity during the period, changes from period to period, and potential magnitude. This update is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted. The Company is currently in the process of assessing the impacts of the guidance.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Note 2—Inventories Inventory costs are summarized as follows: December 31, (in thousands) 2022 2021 Raw materials $ 710,494 $ 504,307 Work in process 15,546 15,338 Finished goods 1,709 3,595 $ 727,749 $ 523,240

Property, Plant And Equipment

Property, Plant And Equipment	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 3—Property, Plant and Equipment Property, plant and equipment consists of the following: December 31, (in thousands) 2022 2021 Land $ 5,867 $ 5,867 Buildings and building improvements 79,178 76,139 Machinery and equipment 542,034 506,652 Furniture and fixtures 11,430 10,035 Vehicles 1,099 1,125 Leasehold improvements 54,272 42,288 Construction in progress 3,147 17,719 697,027 659,825 Less accumulated depreciation ( 485,549 ) ( 473,159 ) $ 211,478 $ 186,666

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 4—Goodwill and Other Intangible Assets G oodwill allocated to the Company’s reportable segments were as follows: (in thousands) Americas Asia Total Goodwill as of December 31, 2022, 2021 and 2020 $ 154,014 $ 38,102 $ 192,116 Other assets, net consist primarily of acquired identifiable intangible assets and capitalized purchased software costs. Acquired identifiable intangible assets and purchased software as of December 31, 2022 and 2021 were as follows: (in thousands) Gross Accumulated Net Customer relationships $ 100,072 $ ( 65,958 ) $ 34,114 Purchased software costs 52,483 ( 36,702 ) 15,781 Technology licenses 15,500 ( 15,500 ) — Trade names and trademarks 7,800 — 7,800 Other 868 ( 377 ) 491 Intangible assets, December 31, 2022 $ 176,723 $ ( 118,537 ) $ 58,186 (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 Customer relationships are being amortized on a straight-line basis over a period of 10 to 14 years. Capitalized purchased software costs are amortized straight-line over the estimated useful life of the related software, which ranges from 2 to 14 years . Technology licenses are being amortized over their estimated useful lives in proportion to the economic benefits consumed. During 2022, 2021 and 2020, $ 3.4 m illion, $ 3.4 million and $ 4.9 million, respectively, of purchased software costs were capitalized. Amortization on the statements of cash flow for 2022, 2021 and 2020 was as follows: Year Ended (in thousands) 2022 2021 2020 Amortization of intangible assets $ 6,384 $ 6,384 $ 9,099 Amortization of capitalized purchased software costs 4,113 2,128 1,493 Amortization of debt costs 416 637 461 $ 10,913 $ 9,149 $ 11,053 The estimated future amortization expense of acquired intangible assets for each of the next five years is as follows (in thousands): Year ending December 31, Amount 2023 $ 5,979 2024 $ 4,817 2025 $ 4,817 2026 $ 4,817 2027 $ 4,817

Borrowing Facilities

Borrowing Facilities	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Borrowing Facilities	Note 5—Borrowing Facilities Long-term debt outstanding as of December 31, 2022 and 2021 consists of the following: December 31, (in thousands) 2022 2021 Revolving credit facility $ 195,000 $ — Term loan 131,250 131,250 Less unamortized debt issuance costs ( 1,829 ) ( 1,670 ) Long-term debt $ 324,421 $ 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 is 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), both extending 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 through September 30, 2024 and 1.25 % of the initial aggregate term loan advances from December 31, 2024 until the maturity date. As of December 31, 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 $ 121.9 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 December 31, 2022, the Company had $ 131.3 million in borrowings outstanding under the Term Loan Facility and $ 195.0 million outstanding and $ 3.9 million in letters of credit outstanding under our Revolving Credit Facility. The Company had $ 251.1 million available 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. The aggregate maturities of long-term debt for each of the five years subsequent to December 31, 2022 are as follows: 2023, $ 4.1 million; 2024, $ 4.1 million; 2025, $ 6.6 million; and 2026, $ 116.5 million.

Leases

Leases	12 Months Ended
	Dec. 31, 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: Year Ended (in thousands) 2022 2021 Finance lease cost: Amortization of right-of-use assets (included in depreciation expense) $ 96 $ 444 Interest on lease liabilities 29 192 Operating lease cost 17,485 16,155 Short-term lease cost 307 339 Variable lease cost 1,892 1,737 Total lease cost $ 19,809 $ 18,867 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for finance lease $ 29 $ 212 Operating cash flows used for operating leases $ 17,277 $ 16,721 Financing cash flows used for finance lease $ 165 $ 873 Right-of-use assets obtained in exchange for new operating lease liabilities $ 11,694 $ 32,811 The lease assets and liabilities as of December 31, 2021 were as follows (in thousands): December 31, 2022 2021 Finance lease right-of-use assets (included in other assets) $ 664 $ 760 Operating lease right-of-use assets $ 93,081 $ 99,158 Finance lease liability, current (included in current installments of long-term debt) $ 173 $ 165 Finance lease liability, noncurrent (included in long-term debt) $ 355 $ 529 Operating lease liabilities, current (included in accrued liabilities) $ 12,020 $ 13,465 Operating lease liabilities, noncurrent $ 86,687 $ 90,878 Weighted average remaining lease term – finance leases 2.9 years 3.9 years Weighted average remaining lease term – operating leases 9.8 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 December 31, 2021 were as follows (in thousands): Year ending December 31, Operating Finance 2023 14,949 194 2024 13,654 194 2025 12,869 178 2026 11,473 — 2027 10,369 — 2028 and thereafter 57,531 — Total minimum lease payments $ 120,845 $ 566 Less: imputed interest ( 22,138 ) ( 38 ) Present value of lease liabilities $ 98,707 $ 528 As of December 31, 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 amount of the initial annual minimum lease payments of this lease is approximately $ 2.4 million.

Common Stock and Stock-Based Aw

Common Stock and Stock-Based Awards Plans	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Common Stock and Stock-Based Awards Plans	Note 7—Common Stock and Stock-Based Awards Plans Dividends The Company began declaring and paying quarterly dividends during the first quarter of 2018. During 2022, 2021 and 2020, cash dividends paid totaled $ 23.2 million, $ 23.3 million and $ 23.0 million, respectively. In February 2020, the Board of Directors approved a quarterly dividend increase, raising the quarterly dividend from $ 0.15 to $ 0.16 per common share. In May 2021, the Board of Directors approved another quarterly dividend increase, raising the quarterly dividend from $ 0.16 to $ 0.165 per common share. On December 12, 2022, the Company declared a quarterly cash dividend of $ 0.165 per share of the Company’s common stock to shareholders of record as of December 30, 2022. The dividend of $ 5.8 million was paid on January 13, 2023. The Board of Directors currently intends to continue paying quarterly dividends. However, the Company’s future dividend policy is subject to the Company’s compliance with applicable law, and depending on, among other things, the Company’s results of operations, financial condition, level of indebtedness, capital requirements, contractual restrictions, restrictions in the Company’s debt agreements, and other factors that the Board of Directors may deem relevant, including the impact of the COVID pandemic. Dividend payments are not mandatory or guaranteed; there can be no assurance that the Company will continue to pay a dividend in the future. Share Repurchase Authorization On March 6, 2018, the Board of Directors approved an expanded stock repurchase authorization granting the Company authority to repurchase up to $ 250 million in common stock in addition to the $ 100 million previously approved on December 7, 2015. On October 26, 2018 and February 19, 2020, the Board of Directors authorized the repurchase of an additional $ 100 million and $ 150 million of the Company’s common stock, respectively. As of December 31, 2022, the Company had $ 154.6 million remaining under the stock repurchase authorization. Share purchases may be made in the open market, in privately negotiated transactions or block transactions, at the discretion of the Company’s management and as market conditions warrant. Purchases will be funded from available cash and may be commenced, suspended or discontinued at any time without prior notice. Shares repurchased under the program are retired. During 2022, the Company repurchased a total of 0.4 million common shares for an aggregate of $ 9.4 million at an average price of $ 24.96 per share. During 2021, the Company repurchased a total of 1.4 mill ion common shares for an aggregate of $ 40.2 million at an average price of $ 29.11 per share. During 2020, the Company repurchased a total of 1.0 million common shares for an aggregate of $ 25.2 million at an average price of $ 26.16 per share. Stock-Based Compensation The 2019 Plan authorizes the Company, upon approval of the Compensation Committee of the Board of Directors, to grant a variety of awards, including stock options, restricted shares and restricted stock units (both time-based and performance-based) and other forms of equity awards, or any combination thereof, to any director, officer, employee or consultant (including any prospective director, officer, employee or consultant) of the Company. Stock options (which have not been awarded since 2015) are granted to employees with an exercise price equal to the market price of the Company’s common stock on the date of grant, generally vest over a four-year period from the date of grant and have a term of 10 years . Time-based restricted stock units granted to employees generally vest over a four-year period from the date of grant, subject to the continued employment of the employee by the Company. Performance-based restricted stock units generally vest over a three-year performance cycle, which includes the year of the grant, and are based upon the Company’s achievement of specified performance metrics. Awards under the 2019 Plan to non-employee directors have been in the form of restricted stock units, which vest in annually, starting on the grant date. As of December 31, 2022, 2.9 million additional common shares were available for issuance under the Company’s 2019 Plan. The following table summarizes activities related to the Company’s stock options: (in thousands, except per share data) Number of Weighted- Weighted- Aggregate Outstanding as of December 31, 2019 270 $ 20.02 Exercised ( 76 ) 19.87 Forfeited or expired ( 6 ) 23.08 Outstanding as of December 31, 2020 188 $ 19.98 Exercised ( 54 ) 19.77 Forfeited or expired ( 2 ) 20.16 Outstanding as of December 31, 2021 132 $ 20.06 Exercised ( 53 ) 17.16 Forfeited or expired ( 22 ) 22.36 Outstanding and exercisable as of December 31, 2022 57 $ 21.85 1.36 $ 277 The aggregate intrinsic value in the table above is before income taxes and is calculated as the difference between the exercise price of the underlying options and the Company’s closing stock price as of the last business day of 2022 for options that had exercise prices that were below the closing price. As of December 31, 2022, 2021 and 2020, the number of options exercisable was 0.1 million, 0.1 million and 0.2 million, respectively, and the weighted-average exercise price of those options was $ 21.85 , $ 20.06 and $ 19.98 , respectively. Restricted stock units, time-based and performance-based, remain outstanding as detailed below. The following table summarizes the activities related to the Company’s time-based restricted stock units: (in thousands, except per share data) Number of Weighted- Non-vested awards outstanding as of December 31, 2019 893 $ 28.06 Granted 533 26.52 Vested ( 336 ) 27.69 Forfeited ( 64 ) 28.54 Non-vested awards outstanding as of December 31, 2020 1,026 $ 27.35 Granted 503 28.52 Vested ( 377 ) 26.77 Forfeited ( 95 ) 28.47 Non-vested awards outstanding as of December 31, 2021 1,057 $ 28.02 Granted 616 25.90 Vested ( 407 ) 28.08 Forfeited ( 81 ) 27.44 Non-vested awards outstanding as of December 31, 2022 1,185 $ 26.93 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, 2019 384 $ 28.89 Granted(1) 165 28.02 Forfeited ( 181 ) 30.04 Non-vested units outstanding as of December 31, 2020 368 $ 27.93 Granted(1) 234 28.60 Forfeited ( 60 ) 29.38 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 December 31, 2022 545 $ 27.62 (1) Represents target number of units that can vest based on the achievement of the performance goals.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 8—Income Taxes Income tax expense (benefit) based on income before income taxes consisted of the following: Year Ended (in thousands) 2022 2021 2020 Current: U.S. Federal $ 903 $ 6 $ 1,406 State and local 107 1,702 24 Foreign 22,351 14,812 9,120 23,361 16,520 10,550 Deferred: U.S. Federal ( 6,544 ) ( 6,179 ) ( 3,784 ) State and local ( 1,734 ) ( 1,380 ) ( 1,021 ) Foreign 1,030 676 ( 2,507 ) ( 7,248 ) ( 6,883 ) ( 7,312 ) $ 16,113 $ 9,637 $ 3,238 Worldwide income (loss) before income taxes consisted of the following: Year Ended (in thousands) 2022 2021 2020 United States $ ( 45,390 ) $ ( 34,930 ) $ ( 33,790 ) Foreign 129,732 80,337 51,083 $ 84,342 $ 45,407 $ 17,293 Income tax expense differed from the amounts computed by applying the U.S. Federal statutory income tax rate to income before income taxes as a result of the following: Year Ended (in thousands) 2022 2021 2020 Tax at statutory rate $ 17,713 $ 9,536 $ 3,632 State taxes, net of federal tax effect ( 1,285 ) ( 36 ) ( 788 ) Effect of foreign operations and tax incentives ( 3,907 ) ( 4,048 ) ( 6,372 ) Change in valuation allowance 41 ( 336 ) ( 3,029 ) Stock-based compensation 447 ( 69 ) 347 GILTI 1,768 2,104 1,667 Foreign tax refund benefit — ( 7,285 ) — Losses in foreign jurisdictions for which no benefit has been provided 3 2,608 5,798 Change in uncertain tax benefits reserve 40 8,858 ( 31 ) Other 1,293 ( 1,695 ) 2,014 Total income tax expense $ 16,113 $ 9,637 $ 3,238 The U.S. Tax Cuts and Jobs Act (U.S. Tax Reform), which was signed into law on December 22, 2017, significantly changed U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system, adding a global intangible taxation regime and imposing a transition (Transition Tax) tax on deemed repatriated cumulative earnings of foreign subsidiaries. The U.S. Tax Reform reduced the U.S. corporate income tax rate from a maximum of 35 % to a flat 21 % rate, effective January 1, 2018. The Company recorded the effects of the changes in the tax rate in the Company’s deferred tax assets and liabilities as of December 31, 2017. To minimize tax base erosion with a territorial tax system, the U.S. Tax Reform enacted a new global intangible low-taxed income (GILTI) provision that 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 assets. The taxable earnings can be offset by a limited deemed paid foreign tax credit with no carrybacks or carryforwards available. The Company is subject to the GILTI provisions. The Company elected to account for the GILTI as a period cost and include the effect in the period in which it is incurred and not include it as a factor in the determination of deferred taxes. The Company incurred a total Transition Tax liability of $ 80.5 million after reduction for net operating loss carryforwards, US tax credit carryforwards, and foreign tax credit carryforwards that were allowed to be utilized against the total tax liability as of December 31, 2017. The Company made an election to pay the net tax liability in installments. The Company has a total Transition Tax liability as of December 31, 2022 of $ 48.3 million. The Company intends to pay this liability over the remaining three year payment period as prescribed by the U.S. Tax Reform and regulatory guidance issued by the IRS. $ 48.3 million of the Transition Tax liability is included in other long-term liabilities. Payments for years subsequent to December 31, 2022 are as follows: 2023, $ 12.1 million; 2024, $ 16.1 million; 2025, $ 20.1 million. During 2022 and 2021, the Company repatriated $ 20.0 mi llion and $ 35.0 million, respectively, of foreign earnings to the U.S. As of December 31, 2022, the Company has approximately $ 455.0 million in cumulative undistributed foreign earnings of its foreign subsidiaries. These earnings would not be subject to U.S. federal income tax, if distributed to the Company. The Company changed its assertion during 2018 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 is considered to be non-permanently reinvested and is available for immediate distribution to the Company. Income taxes have been accrued on the non-permanently reinvested foreign earning s including the 2017 Transition Tax, the U.S. tax on GILTI, and any applicable foreign or local withholding taxes. The Company estimates that it has approximately $ 6.0 million of unrecognized deferred tax liability related to any remaining undistributed permanently reinvested foreign earnings that have not already been subject to the 2017 Transition Tax, the U.S. tax o n GILTI, and any applicable foreign income tax or local withholding taxes on cash distributions. During 2022 , the Company recorded an additional tax benefit of $ 7.3 million with respect to a refund claim of foreign cash taxes of $ 16.5 million that was filed in 2021. $ 9.2 million of the total refund claim was recorded previously in 2018. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below: December 31, (in thousands) 2022 2021 Deferred tax assets: Carrying value of inventories $ 4,809 $ 2,704 Accrued liabilities and allowances deductible for tax purposes on a cash basis 7,811 10,592 Goodwill 937 1,320 Stock-based compensation 5,032 3,741 Operating right-of-use lease liabilities 23,252 24,851 Net operating loss carryforwards 16,848 17,417 Tax credit carryforwards 5,805 4,629 Interest rate swap — 1,133 Research and experimentation 10,691 — Other 4,086 5,961 79,271 72,348 Less: valuation allowance ( 18,743 ) ( 18,702 ) Net deferred tax assets 60,528 53,646 Deferred tax liabilities: Plant and equipment, due to differences in depreciation ( 7,957 ) ( 4,887 ) Operating right-of-use lease assets ( 22,991 ) ( 24,590 ) Intangible assets, due to differences in amortization ( 10,502 ) ( 11,687 ) Foreign withholding tax ( 4,902 ) ( 4,902 ) Interest rate swap ( 263 ) — Other ( 2,173 ) ( 1,692 ) Gross deferred tax liability ( 48,788 ) ( 47,758 ) Net deferred tax liability $ 11,740 $ 5,888 The net deferred tax liability is classified as follows: Long-term asset $ 12,235 $ 5,972 Long-term liability ( 495 ) ( 84 ) Total $ 11,740 $ 5,888 All deferred taxes are classified as non-current on the balance sheet as of December 31, 2022 and 2021. All deferred tax assets and liabilities are offset and presented as a single net noncurrent amount by each tax jurisdiction. During 2022, the Company has capitalized research and experimentation expenses that are required to be capitalized as an amortizable asset under IRC Section 174 and amortized over a period of five years. This requirement is based on the implementation of the US Tax Reform Act of 2017 beginning as of January 1, 2022. As of December 31, 2022, the Company has a net deferred tax asset from capitalized research and experimentation expenses of $ 10.7 million. The net change in the total valuation allowance for 2022, 2021 and 2020 was a $ 0.04 million increase, a $ 0.3 million decrease, and a $ 3.0 million increase, respectively. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods which the deferred tax assets are deductible, management believes it is more likely than not the Company will realize the benefits of these deductible differences, net of the existing valuation allowances as of December 31, 2022. As of December 31, 2022 , the Company had no U.S. Federal operating loss carryforward as the final balance of the US loss carryforward was utilized in 2022. The Company has US state operating loss carryforwards of approximately $ 13.8 million which will expire from 2037 to 2042 ; foreign operating loss carryforwards of approximately $ 11.5 million with indefinite carryforward periods; and foreign operating loss carryforwards of approximately $ 47.2 million which will expire at varying dates through 2031 . The utilization of these net operating loss carryforwards is limited to the future operations of the Company in the tax jurisdictions in which such carryforwards arose. The Company has state tax credit carryforwards of $ 1.7 million which will expire at varying dates through 2026 . The Company also has U.S. research and development tax credit carryforwards of $ 4.1 million w hich will expire from 2038 through 2042 . The Company has been granted certain tax incentives, including tax holidays, for its subsidiaries in China, Malaysia, and Thailand that expire at various dates, unless extended or otherwise renegotiated and are subject to certain conditions with which the Company expects to comply. The expiration dates of these tax incentives are as follows: 2023 in China and 2030 in Thailand. The Malaysia tax incentive expired as of March 31, 2021, but the Company has applied for an extension of the Malaysia tax holiday in 2022 which will extend the tax holiday for another five years until 2026 . We have not yet received any official response for the Malaysia tax holiday application. The net impact of these tax incentives was to lower income tax expense for 2022, 2021, and 2020 by approximately $ 9.0 million (approximately $ 0.25 per diluted share), $ 4.5 million (approximately $ 0.13 per diluted share) and $ 5.0 million (approximately $ 0.13 per diluted share), respectively, as follows: Year Ended (in thousands) 2022 2021 2020 China $ 643 $ 443 $ — Malaysia — 1,946 4,945 Thailand 8,362 5,360 2,496 $ 9,005 $ 7,749 $ 7,441 The Company must determine whether it is “more-likely-than-not” that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Once it is determined that a position meets the more-likely-than-not recognition threshold, the position is measured to determine the amount of benefit to recognize in the financial statements. As of December 31, 2022, the total amount of the reserve for uncertain tax benefits including interest and penalties was $ 9.5 million. A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows: December 31, (in thousands) 2022 2021 2020 Balance as of January 1 $ 9,121 $ 499 $ 513 Additions related to current year tax positions — 7,424 — Additions related to prior year tax positions — 1,575 — Decreases related to prior year tax positions — ( 138 ) — Decreases related to lapse of statutes ( 60 ) ( 239 ) ( 14 ) Balance as of December 31 $ 9,061 $ 9,121 $ 499 During 2022, the Company released $ 60 thousand of uncertain tax benefits related to lapse of statutes. During 2021, the Company recorded additional uncertain tax benefits related to prior year and current tax positions of $ 1.6 million and $ 7.4 million, respectively. During 2020, the Company released $ 14 thousand of uncertain tax benefits related to lapse of statutes. The reserve is classified as a current or long-term liability in the 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 amount of accrued potential interest on unrecognized tax benefits included in the reserve as of December 31, 2022 is $ 0.4 million. There is no reserve for penalties currently. The amount of accrued potential interest on unrecognized tax benefits included in the reserve as of December 31, 2021 is $ 0.3 million. The reserve for potential penalties is $ 17 thousand. The Company did no t record any interest and penalties during 2020. The Company and its subsidiaries in Brazil, China, Ireland, Malaysia, Mexico, 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 2015 to 2022. During the course of 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.

Major Customers

Major Customers	12 Months Ended
	Dec. 31, 2022
Major Customers [Abstract]
Major Customers	Note 9—Major Customers The Company’s customers operate in industries that are, to a varying extent, subject to rapid technological change, vigorous competition and short product life cycles. Developments adverse to the electronics industry, the Company’s customers or their products could impact the Company’s overall credit risk. The Company extends credit based on evaluation of its customers’ financial condition and generally does not require collateral or other security from its customers and would incur a loss equal to the carrying value of the accounts receivable if its customer failed to perform according to the terms of the credit arrangement. Sales to the ten largest customers represe nted 52 % , 47 % and 41 % of total sales for 2022, 2021 and 2020 , respectively. Sales to our largest customers were as follows for the indicated periods: Year ended (in thousands) 2022 2021 2020 Applied Materials, Inc. and subsidiaries $ 424,436 $ 353,673 $ 241,522 During 2022 and 2021, net sales attributable to our largest customer were reported in the Americas and Asia reportable segments.

Financial Instruments and Conce

Financial Instruments and Concentration of Credit Risk	12 Months Ended
	Dec. 31, 2022
Financial Instruments And Concentration Of Credit Risk [Abstract]
Financial Instruments and Concentration of Credit Risk	Note 10—Financial Instruments and Concentration of Credit Risk 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 $ 10.2 million as of December 31, 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 year ended December 31, 2022, the Company recorded an unrealized loss of $ 0.6 million ($ 0.4 million net of tax) on the forward currency exchange contracts in other comprehensive income and transferred unrealized gains of $ 0.5 million to cost of sales. During the year ended December 31, 2021, the Company recorded an unrealized loss of $ 0.2 million ($ 0.1 million net of tax) on the forward currency exchange contracts in other comprehensive income and transferred unrealized losses $ 0.4 million to cost of sales. See Note 19. The Company also has forward currency exchange contracts in place as of December 31, 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 December 31, 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, Europe and Asia. The Company has an interest rate swap agreement with a notional amount of $ 121.9 million and $ 129.4 million as of December 31, 2022 and 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 on the borrowing under the Credit Agreement 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 consolidated balance sheets until earnings are affected by the variability of cash flows. The fair value of the interest rate swap agreements was a $ 0.6 million asset as of December 31, 2022 and a $ 4.3 million liability as of December 31, 2021 recorded in accrued liabilities in the consolidated balance sheets. During the year ended December 31, 2022, the Company recorded unrealized losses of $ 5.0 million ($ 3.7 million net of tax) on the swaps in other comprehensive loss. During the year ended December 31, 2021 the Company recorded unrealized gains of $ 4.7 million ($ 3.5 million net of tax) on the swap in other comprehensive loss. During the year ended December 31, 2020, the Company recorded unrealized losses of $ 2.7 million ($ 2.0 million net of tax) on the swap in other comprehensive loss and transferred unrealized gains of $ 1.5 million ($ 1.1 million net of tax) on the terminated swap to interest expense. See Note 19. As of December 31, 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 foll owing table presents the fair value of the Company's derivative instruments: Fair Values of Derivative Instruments Asset Derivatives Liability Derivatives Balance Sheet December 31, December 31, Balance Sheet December 31, December 31, (in thousands) Location 2022 2021 Location 2022 2021 Derivatives designated as hedging instruments: Forward currency exchange contracts Other current assets $ 407 $ — Accrued liabilities $ — $ 178 Interest rate swap Other current assets $ 639 $ — Accrued liabilities $ — $ 4,332 Financial instruments that subject the Company to credit risk consist of cash and cash equivalents and restricted cash and trade accounts receivable. The Company maintains cash and cash equivalents with recognized financial institutions. One of the most significant credit risks is the ultimate realization of accounts receivable. This risk is mitigated by (i) sales to well established companies, (ii) ongoing credit evaluation of customers, and (iii) frequent contact with customers, thus enabling management to monitor current changes in business operations and to respond accordingly. Management considers these concentrations of credit risks in establishing our allowance for doubtful accounts and believes these allowances are adequate. The Company ha d one customer whose gross accounts receivable exceeded 10 % of total gross accounts receivable as of December 31, 2022 . That customer represented 17 % of our total gross accoun ts receivable.

Concentrations of Business Risk

Concentrations of Business Risk	12 Months Ended
	Dec. 31, 2022
Risks and Uncertainties [Abstract]
Concentrations of Business Risk	Note 11—Concentrations of Business Risk Substantially all of the Company’s sales are derived from manufacturing services in which the Company purchases components specified by its customers. The Company uses numerous suppliers of electronic components and other materials for its operations. Some components used by the Company have been subject to industry-wide shortages, and suppliers have been forced to allocate available quantities among their customers. The Company’s inability to obtain any needed components during periods of allocation could cause delays in manufacturing and could adversely affect results of operations.

Accounts Receivable Sale Progra

Accounts Receivable Sale Program	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Accounts Receivable Sales Program	Note 12—Accounts Receivable Sale Program As of December 31, 2022, in connection with a trade accounts receivable sale program 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. On February 3, 2023, the Company entered into Amendment No. 2 to the Credit Agreement which increases the maximum amount to $ 200.0 million. During the years ended December 31, 2022, 2021 and 2020, the Company sold $ 445.4 million, $ 394.6 million and $ 305.8 million, respectively, of accounts receivable under this program, and in exchange, the Company received cash proceeds of $ 443.6 million, $ 394.0 million and $ 305.2 million, respectively, net of the discount. The loss on the sale resulting from the discount was recorded to other expense within the consolidated statements of income.

Segment And Geographic Informat

Segment And Geographic Information	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment And Geographic Information	Note 13—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: Year Ended (in thousands) 2022 2021 2020 Net sales: Americas $ 1,475,929 $ 1,203,544 $ 1,209,032 Asia 1,251,475 912,560 746,661 Europe 284,103 228,834 174,547 Elimination of intersegment sales ( 125,176 ) ( 89,619 ) ( 77,109 ) $ 2,886,331 $ 2,255,319 $ 2,053,131 Depreciation and amortization: Americas $ 19,574 $ 20,589 $ 22,802 Asia 10,192 10,660 11,018 Europe 3,289 2,878 2,842 Corporate 11,197 10,025 12,130 $ 44,252 $ 44,152 $ 48,792 Income from operations: Americas $ 55,202 $ 45,807 $ 32,629 Asia 134,649 90,725 63,880 Europe 16,889 11,054 6,077 Corporate and intersegment eliminations ( 116,671 ) ( 94,524 ) ( 77,452 ) 90,069 53,062 25,134 Interest expense ( 12,894 ) ( 8,472 ) ( 8,364 ) Interest income 1,730 540 1,196 Other expense 5,437 277 ( 673 ) Income before income taxes $ 84,342 $ 45,407 $ 17,293 Capital expenditures: Americas $ 30,105 $ 28,673 $ 24,392 Asia 10,534 4,253 7,836 Europe 4,509 6,072 1,838 Corporate 1,626 3,179 5,453 $ 46,774 $ 42,177 $ 39,519 December 31, December 31, December 31, (in thousands) 2022 2021 2020 Total assets: Americas $ 1,055,533 $ 885,574 $ 777,658 Asia 764,164 663,881 532,793 Europe 183,443 178,263 146,277 Corporate 224,191 176,162 287,507 $ 2,227,331 $ 1,903,880 $ 1,744,235 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. Year Ended (in thousands) 2022 2021 2020 Geographic net sales: United States $ 1,569,232 $ 1,328,754 $ 1,322,728 Singapore 457,889 326,688 222,285 Other Asia 332,144 202,792 168,500 Europe 387,276 285,017 240,672 Other 139,790 112,068 98,946 $ 2,886,331 $ 2,255,319 $ 2,053,131 December 31, December 31, December 31, (in thousands) 2022 2021 2020 Long-lived assets: United States $ 249,409 $ 240,430 $ 235,193 Asia 68,283 65,327 69,669 Europe 29,338 29,588 18,002 Other 23,801 22,303 21,980 $ 370,831 $ 357,648 $ 344,844

Revenue

Revenue	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Note 14 – 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. 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. 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. Year Ended (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 89,949 $ 363,398 $ 140,258 $ 593,605 A&D 286,230 43,701 17,654 347,585 Medical 319,823 228,571 44,500 592,894 Semi-Cap 286,322 357,634 78,146 722,102 Advanced Computing 258,206 52,301 2 310,509 Next Generation Communications 170,424 148,772 440 319,636 External revenue 1,410,954 1,194,377 281,000 2,886,331 Elimination of intersegment sales 64,976 57,100 3,100 125,175 Segment revenue $ 1,475,930 $ 1,251,477 $ 284,100 $ 3,011,506 Year Ended (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 79,726 $ 262,546 $ 86,174 $ 428,446 A&D 360,030 1,692 20,009 381,731 Medical 220,635 189,614 51,585 461,834 Semi-Cap 215,596 266,065 67,640 549,301 Advanced Computing 163,423 35,842 140 199,405 Next Generation Communications 120,739 112,684 1,179 234,602 External revenue 1,160,149 868,443 226,727 2,255,319 Elimination of intersegment sales 43,395 44,117 2,107 89,619 Segment revenue $ 1,203,544 $ 912,560 $ 228,834 $ 2,344,938 Year Ended (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 110,063 $ 196,209 $ 66,789 $ 373,061 A&D 401,599 — 21,972 423,571 Medical 255,246 211,567 31,657 498,470 Semi-Cap 158,380 159,016 51,578 368,974 Advanced Computing 140,109 31,228 — 171,337 Next Generation Communications 96,937 119,987 794 217,718 External revenue 1,162,334 718,007 172,790 2,053,131 Elimination of intersegment sales 46,698 28,654 1,757 77,109 Segment revenue $ 1,209,032 $ 746,661 $ 174,547 $ 2,130,240 During 2022, 2021 and 2020, 90.8 % , 90.3 % and 90.2 % , respectively, of the Company’s revenue was recognized as products and services 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 December 31, 2022 and 2021, the Company had $ 183.6 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. Year Ended (in thousands) 2022 2021 Beginning balance as of December 31 $ 155,243 $ 142,779 Revenue recognized 2,623,585 2,037,206 Amounts collected or invoiced ( 2,595,215 ) ( 2,024,742 ) Ending balance as of December 31 $ 183,613 $ 155,243 As of December 31, 2022 and 2021, the Company had $ 197.9 million and $ 118.1 million, respectively, in advance payments from customers. Of those amounts $ 178.9 million and $ 79.9 million, respectively, were related to both customer deposits and prepayments of inventory and $ 18.9 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.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Note 15—Employee Benefit Plans The Company has defined contribution plans qualified under Section 401(k) of the Internal Revenue Code for the benefit of all its U.S. employees. The Company’s contributions to the plans are based on employee contributions and compensation. During 2022, 2021 and 2020, the Company made contributions to the plans of approximately $ 6.5 million, $ 3.3 million and $ 3.1 million, respectively. The Company also has defined contribution benefit plans for certain of its international employees primarily dictated by the custom of the regions in which it operates. During each of 2022, 2021 and 2020, the Company made contributions to the international plans of approximately $ 0.1 million.

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Note 16—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	12 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring Charges	Note 17—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 $ 5.7 million of restructuring charges during the year ended December 31, 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 complete as of June 30, 2022 upon the disposition of the facility. Moorpark, California operations are expected to cease at the end of March 31, 2023 with restructuring activity estimated to be completed 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 December 31, 2022: Balance as of Foreign Balance as of December 31, Restructuring Cash Non-Cash Exchange December 31, (in thousands) 2021 Charges Payment Activity Adjustments 2022 Restructuring: Severance $ 3,257 $ 2,428 $ ( 1,713 ) $ ( 289 ) $ — $ 3,683 Lease facility costs 17 1,261 ( 1,261 ) — — 17 Other exit costs 237 2,021 ( 2,056 ) ( 121 ) — 81 Total $ 3,511 $ 5,710 $ ( 5,030 ) $ ( 410 ) $ — $ 3,781 The components of the restructuring charges during 2022 were as follows: (in thousands) Americas Asia Europe Total Severance costs $ 2,298 $ 130 $ — $ 2,428 Lease facility costs 1,261 — — 1,261 Other exit costs 2,021 — — 2,021 $ 5,580 $ 130 $ — $ 5,710 The Company recognized restructuring charges during 2021 and 2020 primarily related to the closure of facilities in the Americas and capacity reductions in the workforce of certain facilities across various regions in Asia and Europe, respectively. The following table summarizes the 2021 activity in accrued restructuring, which is included in accrued liabilities in the condensed consolidated balance sheets, related to various restructuring activities initiated prior to December 31, 2021: Balance as of Foreign Balance as of December 31, Restructuring Cash Non-Cash Exchange December 31, (in thousands) 2020 Charges Payment Activity Adjustments 2021 Restructuring: Severance $ 3,996 $ 4,130 $ ( 4,685 ) $ ( 184 ) $ — $ 3,257 Lease facility costs 50 2,745 ( 2,618 ) ( 160 ) — 17 Other exit costs 408 2,470 ( 2,252 ) ( 389 ) — 237 Total $ 4,454 $ 9,345 $ ( 9,555 ) $ ( 733 ) $ — $ 3,511 The components of the restructuring charges during 2021 were as follows: (in thousands) Americas Asia Europe Total Severance costs $ 4,084 $ 46 $ — $ 4,130 Lease facility costs 2,581 164 — 2,745 Other exit costs 2,470 — — 2,470 $ 9,135 $ 210 $ — $ 9,345 The following table summarizes the 2020 activity in accrued restructuring, which is included in accrued liabilities in the condensed consolidated balance sheets, related to various restructuring activities initiated prior to December 31, 2020: Balance as of Foreign Balance as of December 31, Restructuring Cash Non-Cash Exchange December 31, (in thousands) 2019 Charges Payment Activity Adjustments 2020 Restructuring: Severance $ 3,956 $ 7,010 $ ( 6,666 ) $ ( 304 ) $ — $ 3,996 Lease facility costs — 3,716 ( 2,394 ) ( 1,272 ) — 50 Other exit costs — 2,174 ( 655 ) ( 1,111 ) — 408 Total $ 3,956 $ 12,900 $ ( 9,715 ) $ ( 2,687 ) $ — $ 4,454 The components of the restructuring charges during 2020 were as follows: (in thousands) Americas Asia Europe Total Severance costs $ 5,829 $ 1,181 $ — $ 7,010 Lease facility costs 3,716 — — 3,716 Other exit costs 2,088 86 — 2,174 $ 11,633 $ 1,267 $ — $ 12,900 Additionally, during the year ended December 31, 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 December 31, 2021. During the year ended December 31, 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 year ended December 31, 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. During the year ended December 31, 2020, the Company incurred $ 5.7 million and $ 1.0 million in costs related to asset impairments in the Americas and Asia, respectively. Additionally, during the year ended December 31, 2022, the Company agreed to $ 3.3 million in legal settlements.

Ransomware Incident

Ransomware Incident	12 Months Ended
	Dec. 31, 2022
Disclosure Text Block Supplement [Abstract]
Ransomware Incident	Note 18—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. However, fourth quarter 2019 operations were adversely affected by the inefficiencies caused by taking the network offline for a period of time. As a result, the Company’s fourth quarter 2019 revenue was also adversely affected as the Company was unable to fulfill a portion of customer demand during the quarter. 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. No further insurance recoveries are expected.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Note 19—Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss by component were as follows: Foreign Currency Derivative Translation Instruments, (in thousands) Adjustments Net of Tax Other Total Balances, December 31, 2019 $ ( 12,425 ) $ ( 3,600 ) $ ( 734 ) $ ( 16,759 ) Other comprehensive gain (loss) before 4,050 ( 2,024 ) ( 800 ) 1,226 Amounts reclassified from accumulated — ( 1,118 ) — ( 1,118 ) Net current period other comprehensive gain (loss) 4,050 ( 3,142 ) ( 800 ) 108 Balances, December 31, 2020 $ ( 8,375 ) $ ( 6,742 ) $ ( 1,534 ) $ ( 16,651 ) Other comprehensive gain (loss) before reclassifications ( 4,354 ) 3,018 477 ( 859 ) Amounts reclassified from accumulated other — 352 — 352 Net current period other comprehensive gain (loss) ( 4,354 ) 3,370 477 ( 507 ) Balances, December 31, 2021 $ ( 12,729 ) $ ( 3,372 ) $ ( 1,057 ) $ ( 17,158 ) Other comprehensive gain ( 3,148 ) 4,641 ( 87 ) 1,406 Amounts reclassified from accumulated other — ( 481 ) — ( 481 ) Net current period other comprehensive gain (loss) ( 3,148 ) 4,160 ( 87 ) 925 Balances, December 31, 2022 $ ( 15,877 ) $ 788 $ ( 1,144 ) $ ( 16,233 ) See Note 10 for further explanation of the change in derivative instruments that is recorded to accumulated other comprehensive loss.

Supplemental Cash Flow And Non-

Supplemental Cash Flow And Non-Cash Information	12 Months Ended
	Dec. 31, 2022
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow and Non-Cash Information	Note 20—Supplemental Cash Flow and Non-Cash Information The following is additional information concerning supplemental disclosures of cash payments. Year Ended (in thousands) 2022 2021 2020 Income taxes paid, net $ 28,478 $ 20,558 $ 18,071 Interest paid $ 11,627 $ 8,207 $ 9,048 Non-cash investing activity: Additions to property, plant and equipment in accounts payable $ 23,734 $ 8,614 $ 3,164

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 21—Subsequent Events On February 3, 2023, the Company entered into Amendment No. 2 to the Credit Agreement which increases the maximum amount of trade accounts that the Company may elect to sell at any one time to $ 200.0 million.

Summary Of Significant Accoun_2

Summary Of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Business	(a) Business 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 communications and advanced computing. The Company has manufacturing operations located in the United States and Mexico (the Americas), Asia and Europe.
Principles of Consolidation	(b) Principles of Consolidation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) and include the financial statements of Benchmark Electronics, Inc. and its wholly owned and majority owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Cash and Cash Equivalents and Restricted Cash	(c) Cash and Cash Equivalents and Restricted Cash The Company considers all highly liquid debt instruments with an original maturity at the date of purchase of three months or less to be cash equivalents. Cash equivalents of $ 88.9 million and $ 76.2 million at December 31, 2022 and 2021 , respectively, consisted primarily of money-market funds and time deposits with an initial term of less than three months. Restricted cash represents cash received from customers to settle invoices sold under accounts receivable purchase agreements that is contractually required to be set aside until the cash is remitted to the purchaser.
Allowance for Doubtful Accounts	(d) Allowance for Doubtful Accounts Accounts receivable are recorded net of allowances for amounts not expected to be collected. In estimating the allowance, management considers a specific customer’s financial condition, payment history, current conditions, and various information or disclosures by the customer or other publicly available information. Accounts receivable are charged against the allowance after all reasonable efforts to collect the full amount (including litigation, where appropriate) have been exhausted. The following table summarizes the activity in the Company’s allowance for doubtful accounts during 2022, 2021 and 2020: Balance at Balance at Beginning Charges to End of (in thousands) of Period Operations Deductions Period Year ended December 31, 2022: Allowance for doubtful accounts(1) $ 788 489 ( 763 ) $ 514 Year ended December 31, 2021: Allowance for doubtful accounts(1) $ 1,371 — ( 583 ) $ 788 Year ended December 31, 2020: Allowance for doubtful accounts(1) $ 10,085 2,160 ( 10,874 ) $ 1,371 (1) Deductions in the allowance for doubtful accounts represent write-offs, net of recoveries, of amounts determined to be uncollectible.
Inventories	(e) Inventories Inventories include material, labor and overhead and are stated at the lower of cost (principally first-in, first-out method) or net realizable value.
Property, Plant and Equipment	(f) Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation is calculated on the straight-line method over the useful lives of the assets – 5 to 40 years for buildings and building improvements, 2 to 15 years for machinery and equipment, 2 to 12 years for furniture and fixtures and 2 to 8 years for vehicles. Leasehold improvements are amortized on the straight-line method over the shorter of the useful life of the improvement or the remainder of the lease term.
Leases	(g) Leases Lease assets and liabilities are initially recognized based on the present value of lease payments over the lease term calculated using the Company’s incremental borrowing rate, unless the implicit rate is readily determinable. Our incremental borrowing rate represents the rate of interest that we would have to pay to borrow on a collateralized basis over a similar term in a similar economic environment. Lease assets also include any upfront lease payments made and exclude lease incentives. Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the consolidated statements of income. Management elected the short-term lease recognition exemption for all of the Company’s leases that qualify, in addition to the practical expedient to not separate lease and non-lease components.
Goodwill and Other Intangible Assets	(h) Goodwill and Other Intangible Assets Goodwill represents the excess of purchase price over fair value of net assets acquired. Goodwill and intangible assets acquired in a business combination and determined to have an indefinite useful life are not amortized, but instead assessed for impairment at least annually. Intangible assets, including those acquired in a business combination, with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values.
Impairment of Long-Lived Assets and Goodwill	(i) Impairment of Long-Lived Assets and Goodwill Long-lived assets, such as property, plant, and equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the estimated fair value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or estimated fair value less costs to sell, and are no longer depreciated. Goodwill is tested for impairment on an annual basis, during the fourth quarter, and whenever events and changes in circumstances suggest that the carrying amount may be impaired. Circumstances that may lead to the impairment of goodwill include unforeseen decreases in future performance or industry demand or the restructuring of our operations as a result of a change in our business strategy. A qualitative assessment is allowed to determine if goodwill is potentially impaired. Based on this qualitative assessment, if the Company determines that it is more likely than not that the reporting unit’s fair value is less than its carrying value, then it performs a quantitative assessment, otherwise no further analysis is required. In connection with its annual qualitative goodwill impairment assessments as of December 31, 2022, 2021 and 2020 , the Company concluded that goodwill was not impaired.
Earnings Per Share	(j) Earnings Per Share Basic earnings per share is computed using the weighted-average number of shares outstanding. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for the incremental shares attributed to outstanding stock equivalents. Stock equivalents include common shares issuable upon the exercise of stock options and other equity 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. The following table sets forth the calculation of basic and diluted earnings per share. Year Ended (in thousands, except per share data) 2022 2021 2020 Net income $ 68,229 $ 35,770 $ 14,055 Denominator for basic earnings per share – weighted-average 35,179 35,655 36,524 Incremental common shares attributable to exercise of dilutive 17 39 36 Incremental common shares attributable to outstanding restricted stock units 522 407 257 Denominator for diluted earnings per share 35,718 36,101 36,817 Basic earnings per share $ 1.94 $ 1.00 $ 0.38 Diluted earnings per share $ 1.91 $ 0.99 $ 0.38 There were no potentially dilutive securities excluded from the computation of diluted earnings per share in 2022. Restricted s tock units totaling less than 0.1 million common shares for 2021 and 2020 , were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.
Revenue Recognition	(k) Revenue Recognition The Company recognizes revenue as the customer takes control of the manufactured products built to customer specifications. 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 product to the customer, which is generally when the goods are shipped. Revenue from design, development and engineering services is recognized over time as the services are performed. The Company’s performance obligations generally have an expected duration of one year or less. The Company applies the practical expedient 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 or any significant financing components in the contracts. The Company recognizes the incremental costs, if any, of obtaining contracts as an expense when incurred since the amortization period of the assets that the Company otherwise would have recognized is one year less.
Income Taxes	(l) Income Taxes Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. The Company records a valuation allowance to reduce its deferred tax assets to the amounts that are more likely than not to be realized. The Company has considered the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in assessing the need for the valuation allowance.
Stock-Based Compensation	(m) Stock-Based Compensation All share-based payments to employees, including grants of employee stock options (which have not been awarded since 2015), are recognized in the consolidated financial statements based on their grant date fair values. The total compensation cost recognized for stock-based awards was $ 18.5 million, $ 15.3 million and $ 10.4 million for 2022, 2021 and 2020, respectively. The future tax benefit of these stock-based awards as of the grant date was $ 4.4 million, $ 3.6 million and $ 2.4 million for each of 2022, 2021 and 2020, respectively. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model. Awards of restricted stock units and performance-based restricted stock units are valued at the closing market price of the Company’s common stock on the date of grant. For performance-based restricted stock units, compensation expense is based on the probability that the performance goals will be achieved, which is monitored by management throughout the requisite service period. When it becomes probable, based on the Company’s expectation of performance during the measurement period, that more or less than the previous estimate of the awarded shares will vest, an adjustment to stock-based compensation expense is recognized as a change in accounting estimate. As of December 31, 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 $ 21,578 $ 6,125 Remaining weighted-average amortization period 2.5 years 1.6 years (1) Based on the probable achievement of the performance goals identified in each award. The total cash received as a result of stock option exercises in 2022, 2021 and 2020 was approximately $ 0.7 million, $ 0.3 million and $ 1.0 million, respectively. The actual tax benefit realized as a result of stock option exercises and the vesting of other share-based awards during 2022, 2021 and 2020 was $ 2.5 m illion, $ 2.7 million and $ 2.1 million, respectively. For 2022, 2021 and 2020, the total intrinsic value of stock options exercised was $ 0.5 million, respectively. The Company awarded performance-based restricted stock units to employees during 2022, 2021 and 2020. The number of performance-based restricted stock units that will ultimately be earned will not be determined until the end of the corresponding performance periods, and may vary from as low as zero to as high as 2.5 times the target number depending on the level of achievement of certain performance goals. The level of achievement of these goals is based upon the financial results of the Company for the last full calendar year within the performance period. The performance goals consist of certain levels of achievement using the following financial metrics: revenue, operating income margin, and return on invested capital. If the performance goals are not met based on the Company’s financial results, the applicable performance-based restricted stock units will not vest and will be forfeited. Shares subject to forfeited performance-based restricted stock units will be available for issuance under the Company’s 2019 Omnibus Incentive Compensation Plan (the 2019 Plan).
Use of Estimates	(n) Use of Estimates Management of the Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in accordance with U.S. GAAP with consideration given to the potential impacts of COVID. However, actual results could differ materially from these estimates and be significantly affected by the duration and spread of the COVID pandemic and its severity; the emergence and severity of its variants, including the Delta and Omicron variants; the actions to contain the virus or treat its impact, including the availability and efficacy of vaccinations (particularly with respect to emerging strains of the virus) and the rate of inoculations; general economic factors, such as increased inflation; global supply chain constraints and shortages; labor supply issues; and how quickly and to what extent normal economic and operating conditions can resume, which may not return fully to pre- pandemic levels. On an ongoing basis, management evaluates these estimates, including those related to accounts receivable, inventories, income taxes, long-lived assets, leases, goodwill, stock-based compensation and contingencies and litigation. Actual results could differ from those estimates.
Fair Values of Financial Instruments	(o) Fair Values of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A three-tier fair value hierarchy of inputs is employed to determine fair value measurements. • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets and liabilities. • Level 2 inputs are observable prices that are not quoted on active exchanges, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities. This hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. The Company’s financial instruments include cash equivalents, accounts and other receivables, accounts payable, accrued liabilities and long-term debt and financing lease obligations. The Company believes that the carrying values of these instruments approximate their fair value. As of December 31, 2022, the fair value estimates for the Company's forward currency exchange contracts and the Company’s interest rate swap agreement were based on Level 2 inputs of the fair value hierarchy. See Note 10.
Foreign Currency	(p) Foreign Currency For foreign subsidiaries using the local currency as their functional currency, assets and liabilities are translated at exchange rates in effect at the balance sheet date and income and expenses are translated at average exchange rates. The effects of these translation adjustments are reported in other comprehensive income. Exchange gains and losses arising from transactions denominated in a curre ncy other than the functional currency of the entity involved are included in other income (expense) and was a gain of $ 0.6 million, a loss of $ 0.3 million and a loss of $ 1.8 million in 2022, 2021 and 2020 , respectively. These amounts include the amount of gain (loss) recognized in income due to forward currency exchange contracts.
Derivative Instruments	(q) Derivative Instruments All derivative instruments are recorded on the balance sheet at fair value. The Company uses derivative instruments to manage the variability of foreign currency obligations and interest rates. The Company does not enter into derivative arrangements for speculative purposes. Generally, if a derivative instrument is designated as a cash flow hedge, the change in the fair value of the derivative is recorded in other comprehensive income to the extent the derivative is effective and recognized in the consolidated statements of income when the hedged item affects earnings. Changes in fair value of derivatives that are not designated as cash flow hedges are recorded in earnings. Cash receipts and cash payments related to derivative instruments are recorded in the same category as the cash flows from the items being hedged on the consolidated statements of cash flows.
Government Assistance Programs and Incentives	(r) Government Assistance Programs and Incentives The operation of our business is impacted by various government programs, incentives, and other arrangements. Government incentives are recorded in our consolidated financial statements in accordance with their purpose as a reduction of expense, or an offset to the related capital asset. The benefit is generally recorded when all conditions attached to the incentive have been met or are expected to be met and there is reasonable assurance of their receipt. The Company recorded $ 0.9 million in new government incentives for the year ended December 31, 2022 compared to $ 0.5 million of incentives recorded during the year ended December 31, 2021 as reductions of costs of sales and selling, general and administrative expense in the consolidated statements of income. As of December 31, 2022 and 2021, none and $ 0.5 million was recorded in prepaid and other assets in the consolidated balance sheets.
New Accounting Pronouncements	(s) 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. In December 2022, the FASB issued ASU No. 2022-06, Deferral of the Sunset Date of Topic 848 (Topic 848), which defers the sunset date of ASC 848 from December 31, 2022 to December 31, 2024. 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. In November 2021, the FASB issued ASU No. 2021-10: Disclosures by Business Entities about Government Assistance (Topic 832). The pronouncement intends to increase transparency in financial reporting by requiring business entities to disclose information about certain types of government assistance (e.g., forgivable loans, cash grants and grants of other assets) they receive. This update is effective for financial statements issued for annual periods beginning after December 15, 2021. Early application is permitted. The adoption of ASU No. 2021-10 did not have a material impact on our consolidated financial statements or disclosures. 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. Not Yet Adopted In September 2022, the FASB issued ASU No. 2022-04: Disclosure of Supplier Finance Program Obligations (Subtopic 405-50), which requires a buyer in a supplier finance program to disclose sufficient information about the program to allow a user of financial statements to understand the program's nature, activity during the period, changes from period to period, and potential magnitude. This update is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted. The Company is currently in the process of assessing the impacts of the guidance.

Summary Of Significant Accoun_3

Summary Of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Allowance for Doubtful Accounts	The following table summarizes the activity in the Company’s allowance for doubtful accounts during 2022, 2021 and 2020: Balance at Balance at Beginning Charges to End of (in thousands) of Period Operations Deductions Period Year ended December 31, 2022: Allowance for doubtful accounts(1) $ 788 489 ( 763 ) $ 514 Year ended December 31, 2021: Allowance for doubtful accounts(1) $ 1,371 — ( 583 ) $ 788 Year ended December 31, 2020: Allowance for doubtful accounts(1) $ 10,085 2,160 ( 10,874 ) $ 1,371 (1) Deductions in the allowance for doubtful accounts represent write-offs, net of recoveries, of amounts determined to be uncollectible.
Calculation of Basic and Diluted Earnings per Share	The following table sets forth the calculation of basic and diluted earnings per share. Year Ended (in thousands, except per share data) 2022 2021 2020 Net income $ 68,229 $ 35,770 $ 14,055 Denominator for basic earnings per share – weighted-average 35,179 35,655 36,524 Incremental common shares attributable to exercise of dilutive 17 39 36 Incremental common shares attributable to outstanding restricted stock units 522 407 257 Denominator for diluted earnings per share 35,718 36,101 36,817 Basic earnings per share $ 1.94 $ 1.00 $ 0.38 Diluted earnings per share $ 1.91 $ 0.99 $ 0.38
Schedule of Unrecognized Compensation Cost and Remaining Weighted-Average Amortization Stock-Based Awards	As of December 31, 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 $ 21,578 $ 6,125 Remaining weighted-average amortization period 2.5 years 1.6 years (1) Based on the probable achievement of the performance goals identified in each award.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Schedule Of Inventory Costs	Inventory costs are summarized as follows: December 31, (in thousands) 2022 2021 Raw materials $ 710,494 $ 504,307 Work in process 15,546 15,338 Finished goods 1,709 3,595 $ 727,749 $ 523,240

Property, Plant And Equipment (

Property, Plant And Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule Of Property, Plant And Equipment	Property, plant and equipment consists of the following: December 31, (in thousands) 2022 2021 Land $ 5,867 $ 5,867 Buildings and building improvements 79,178 76,139 Machinery and equipment 542,034 506,652 Furniture and fixtures 11,430 10,035 Vehicles 1,099 1,125 Leasehold improvements 54,272 42,288 Construction in progress 3,147 17,719 697,027 659,825 Less accumulated depreciation ( 485,549 ) ( 473,159 ) $ 211,478 $ 186,666

Goodwill And Other Intangible_2

Goodwill And Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill Rollforward	oodwill allocated to the Company’s reportable segments were as follows: (in thousands) Americas Asia Total Goodwill as of December 31, 2022, 2021 and 2020 $ 154,014 $ 38,102 $ 192,116
Schedule of Intangible Assets	Acquired identifiable intangible assets and purchased software as of December 31, 2022 and 2021 were as follows: (in thousands) Gross Accumulated Net Customer relationships $ 100,072 $ ( 65,958 ) $ 34,114 Purchased software costs 52,483 ( 36,702 ) 15,781 Technology licenses 15,500 ( 15,500 ) — Trade names and trademarks 7,800 — 7,800 Other 868 ( 377 ) 491 Intangible assets, December 31, 2022 $ 176,723 $ ( 118,537 ) $ 58,186 (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 2022, 2021 and 2020 was as follows: Year Ended (in thousands) 2022 2021 2020 Amortization of intangible assets $ 6,384 $ 6,384 $ 9,099 Amortization of capitalized purchased software costs 4,113 2,128 1,493 Amortization of debt costs 416 637 461 $ 10,913 $ 9,149 $ 11,053
Schedule of Estimated Future Amortization Expense	The estimated future amortization expense of acquired intangible assets for each of the next five years is as follows (in thousands): Year ending December 31, Amount 2023 $ 5,979 2024 $ 4,817 2025 $ 4,817 2026 $ 4,817 2027 $ 4,817

Borrowing Facilities (Tables)

Borrowing Facilities (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule Of Debt	Long-term debt outstanding as of December 31, 2022 and 2021 consists of the following: December 31, (in thousands) 2022 2021 Revolving credit facility $ 195,000 $ — Term loan 131,250 131,250 Less unamortized debt issuance costs ( 1,829 ) ( 1,670 ) Long-term debt $ 324,421 $ 129,580

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Components of lease expense, and lease assets and liabilities	The components of lease expense were as follows: Year Ended (in thousands) 2022 2021 Finance lease cost: Amortization of right-of-use assets (included in depreciation expense) $ 96 $ 444 Interest on lease liabilities 29 192 Operating lease cost 17,485 16,155 Short-term lease cost 307 339 Variable lease cost 1,892 1,737 Total lease cost $ 19,809 $ 18,867 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for finance lease $ 29 $ 212 Operating cash flows used for operating leases $ 17,277 $ 16,721 Financing cash flows used for finance lease $ 165 $ 873 Right-of-use assets obtained in exchange for new operating lease liabilities $ 11,694 $ 32,811 The lease assets and liabilities as of December 31, 2021 were as follows (in thousands): December 31, 2022 2021 Finance lease right-of-use assets (included in other assets) $ 664 $ 760 Operating lease right-of-use assets $ 93,081 $ 99,158 Finance lease liability, current (included in current installments of long-term debt) $ 173 $ 165 Finance lease liability, noncurrent (included in long-term debt) $ 355 $ 529 Operating lease liabilities, current (included in accrued liabilities) $ 12,020 $ 13,465 Operating lease liabilities, noncurrent $ 86,687 $ 90,878 Weighted average remaining lease term – finance leases 2.9 years 3.9 years Weighted average remaining lease term – operating leases 9.8 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 December 31, 2021 were as follows (in thousands): Year ending December 31, Operating Finance 2023 14,949 194 2024 13,654 194 2025 12,869 178 2026 11,473 — 2027 10,369 — 2028 and thereafter 57,531 — Total minimum lease payments $ 120,845 $ 566 Less: imputed interest ( 22,138 ) ( 38 ) Present value of lease liabilities $ 98,707 $ 528

Common Stock and Stock-Based _2

Common Stock and Stock-Based Awards Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Stock Options	The following table summarizes activities related to the Company’s stock options: (in thousands, except per share data) Number of Weighted- Weighted- Aggregate Outstanding as of December 31, 2019 270 $ 20.02 Exercised ( 76 ) 19.87 Forfeited or expired ( 6 ) 23.08 Outstanding as of December 31, 2020 188 $ 19.98 Exercised ( 54 ) 19.77 Forfeited or expired ( 2 ) 20.16 Outstanding as of December 31, 2021 132 $ 20.06 Exercised ( 53 ) 17.16 Forfeited or expired ( 22 ) 22.36 Outstanding and exercisable as of December 31, 2022 57 $ 21.85 1.36 $ 277
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Stock-Based Awards	The following table summarizes the activities related to the Company’s time-based restricted stock units: (in thousands, except per share data) Number of Weighted- Non-vested awards outstanding as of December 31, 2019 893 $ 28.06 Granted 533 26.52 Vested ( 336 ) 27.69 Forfeited ( 64 ) 28.54 Non-vested awards outstanding as of December 31, 2020 1,026 $ 27.35 Granted 503 28.52 Vested ( 377 ) 26.77 Forfeited ( 95 ) 28.47 Non-vested awards outstanding as of December 31, 2021 1,057 $ 28.02 Granted 616 25.90 Vested ( 407 ) 28.08 Forfeited ( 81 ) 27.44 Non-vested awards outstanding as of December 31, 2022 1,185 $ 26.93
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, 2019 384 $ 28.89 Granted(1) 165 28.02 Forfeited ( 181 ) 30.04 Non-vested units outstanding as of December 31, 2020 368 $ 27.93 Granted(1) 234 28.60 Forfeited ( 60 ) 29.38 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 December 31, 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)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule Of Income Tax Expense	Income tax expense (benefit) based on income before income taxes consisted of the following: Year Ended (in thousands) 2022 2021 2020 Current: U.S. Federal $ 903 $ 6 $ 1,406 State and local 107 1,702 24 Foreign 22,351 14,812 9,120 23,361 16,520 10,550 Deferred: U.S. Federal ( 6,544 ) ( 6,179 ) ( 3,784 ) State and local ( 1,734 ) ( 1,380 ) ( 1,021 ) Foreign 1,030 676 ( 2,507 ) ( 7,248 ) ( 6,883 ) ( 7,312 ) $ 16,113 $ 9,637 $ 3,238
Schedule Of Income Before Income Taxes	Worldwide income (loss) before income taxes consisted of the following: Year Ended (in thousands) 2022 2021 2020 United States $ ( 45,390 ) $ ( 34,930 ) $ ( 33,790 ) Foreign 129,732 80,337 51,083 $ 84,342 $ 45,407 $ 17,293
Schedule Of Federal Statutory Income Tax Rate To Income Before Income Tax	Income tax expense differed from the amounts computed by applying the U.S. Federal statutory income tax rate to income before income taxes as a result of the following: Year Ended (in thousands) 2022 2021 2020 Tax at statutory rate $ 17,713 $ 9,536 $ 3,632 State taxes, net of federal tax effect ( 1,285 ) ( 36 ) ( 788 ) Effect of foreign operations and tax incentives ( 3,907 ) ( 4,048 ) ( 6,372 ) Change in valuation allowance 41 ( 336 ) ( 3,029 ) Stock-based compensation 447 ( 69 ) 347 GILTI 1,768 2,104 1,667 Foreign tax refund benefit — ( 7,285 ) — Losses in foreign jurisdictions for which no benefit has been provided 3 2,608 5,798 Change in uncertain tax benefits reserve 40 8,858 ( 31 ) Other 1,293 ( 1,695 ) 2,014 Total income tax expense $ 16,113 $ 9,637 $ 3,238
Schedule Of Deferred Tax Assets And Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are presented below: December 31, (in thousands) 2022 2021 Deferred tax assets: Carrying value of inventories $ 4,809 $ 2,704 Accrued liabilities and allowances deductible for tax purposes on a cash basis 7,811 10,592 Goodwill 937 1,320 Stock-based compensation 5,032 3,741 Operating right-of-use lease liabilities 23,252 24,851 Net operating loss carryforwards 16,848 17,417 Tax credit carryforwards 5,805 4,629 Interest rate swap — 1,133 Research and experimentation 10,691 — Other 4,086 5,961 79,271 72,348 Less: valuation allowance ( 18,743 ) ( 18,702 ) Net deferred tax assets 60,528 53,646 Deferred tax liabilities: Plant and equipment, due to differences in depreciation ( 7,957 ) ( 4,887 ) Operating right-of-use lease assets ( 22,991 ) ( 24,590 ) Intangible assets, due to differences in amortization ( 10,502 ) ( 11,687 ) Foreign withholding tax ( 4,902 ) ( 4,902 ) Interest rate swap ( 263 ) — Other ( 2,173 ) ( 1,692 ) Gross deferred tax liability ( 48,788 ) ( 47,758 ) Net deferred tax liability $ 11,740 $ 5,888 The net deferred tax liability is classified as follows: Long-term asset $ 12,235 $ 5,972 Long-term liability ( 495 ) ( 84 ) Total $ 11,740 $ 5,888
Schedule Of Tax Incentives	The net impact of these tax incentives was to lower income tax expense for 2022, 2021, and 2020 by approximately $ 9.0 million (approximately $ 0.25 per diluted share), $ 4.5 million (approximately $ 0.13 per diluted share) and $ 5.0 million (approximately $ 0.13 per diluted share), respectively, as follows: Year Ended (in thousands) 2022 2021 2020 China $ 643 $ 443 $ — Malaysia — 1,946 4,945 Thailand 8,362 5,360 2,496 $ 9,005 $ 7,749 $ 7,441
Schedule Of Reconciliation Of Beginning And Ending Amount Of Unrecognized Tax Benefits	December 31, (in thousands) 2022 2021 2020 Balance as of January 1 $ 9,121 $ 499 $ 513 Additions related to current year tax positions — 7,424 — Additions related to prior year tax positions — 1,575 — Decreases related to prior year tax positions — ( 138 ) — Decreases related to lapse of statutes ( 60 ) ( 239 ) ( 14 ) Balance as of December 31 $ 9,061 $ 9,121 $ 499

Major Customers (Tables)

Major Customers (Tables)	12 Months Ended
	Dec. 31, 2022
Major Customers [Abstract]
Schedule Of Sales To Largest Customers	Sales to our largest customers were as follows for the indicated periods: Year ended (in thousands) 2022 2021 2020 Applied Materials, Inc. and subsidiaries $ 424,436 $ 353,673 $ 241,522

Financial Instruments and Con_2

Financial Instruments and Concentration of Credit Risk (Tables)	12 Months Ended
	Dec. 31, 2022
Financial Instruments And Concentration Of Credit Risk [Abstract]
Summary of Fair Values of Derivative Instruments	The foll owing table presents the fair value of the Company's derivative instruments: Fair Values of Derivative Instruments Asset Derivatives Liability Derivatives Balance Sheet December 31, December 31, Balance Sheet December 31, December 31, (in thousands) Location 2022 2021 Location 2022 2021 Derivatives designated as hedging instruments: Forward currency exchange contracts Other current assets $ 407 $ — Accrued liabilities $ — $ 178 Interest rate swap Other current assets $ 639 $ — Accrued liabilities $ — $ 4,332

Segment And Geographic Inform_2

Segment And Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Operating Segments	Information about operating segments is as follows: Year Ended (in thousands) 2022 2021 2020 Net sales: Americas $ 1,475,929 $ 1,203,544 $ 1,209,032 Asia 1,251,475 912,560 746,661 Europe 284,103 228,834 174,547 Elimination of intersegment sales ( 125,176 ) ( 89,619 ) ( 77,109 ) $ 2,886,331 $ 2,255,319 $ 2,053,131 Depreciation and amortization: Americas $ 19,574 $ 20,589 $ 22,802 Asia 10,192 10,660 11,018 Europe 3,289 2,878 2,842 Corporate 11,197 10,025 12,130 $ 44,252 $ 44,152 $ 48,792 Income from operations: Americas $ 55,202 $ 45,807 $ 32,629 Asia 134,649 90,725 63,880 Europe 16,889 11,054 6,077 Corporate and intersegment eliminations ( 116,671 ) ( 94,524 ) ( 77,452 ) 90,069 53,062 25,134 Interest expense ( 12,894 ) ( 8,472 ) ( 8,364 ) Interest income 1,730 540 1,196 Other expense 5,437 277 ( 673 ) Income before income taxes $ 84,342 $ 45,407 $ 17,293 Capital expenditures: Americas $ 30,105 $ 28,673 $ 24,392 Asia 10,534 4,253 7,836 Europe 4,509 6,072 1,838 Corporate 1,626 3,179 5,453 $ 46,774 $ 42,177 $ 39,519 December 31, December 31, December 31, (in thousands) 2022 2021 2020 Total assets: Americas $ 1,055,533 $ 885,574 $ 777,658 Asia 764,164 663,881 532,793 Europe 183,443 178,263 146,277 Corporate 224,191 176,162 287,507 $ 2,227,331 $ 1,903,880 $ 1,744,235
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. Year Ended (in thousands) 2022 2021 2020 Geographic net sales: United States $ 1,569,232 $ 1,328,754 $ 1,322,728 Singapore 457,889 326,688 222,285 Other Asia 332,144 202,792 168,500 Europe 387,276 285,017 240,672 Other 139,790 112,068 98,946 $ 2,886,331 $ 2,255,319 $ 2,053,131 December 31, December 31, December 31, (in thousands) 2022 2021 2020 Long-lived assets: United States $ 249,409 $ 240,430 $ 235,193 Asia 68,283 65,327 69,669 Europe 29,338 29,588 18,002 Other 23,801 22,303 21,980 $ 370,831 $ 357,648 $ 344,844

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	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. Year Ended (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 89,949 $ 363,398 $ 140,258 $ 593,605 A&D 286,230 43,701 17,654 347,585 Medical 319,823 228,571 44,500 592,894 Semi-Cap 286,322 357,634 78,146 722,102 Advanced Computing 258,206 52,301 2 310,509 Next Generation Communications 170,424 148,772 440 319,636 External revenue 1,410,954 1,194,377 281,000 2,886,331 Elimination of intersegment sales 64,976 57,100 3,100 125,175 Segment revenue $ 1,475,930 $ 1,251,477 $ 284,100 $ 3,011,506 Year Ended (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 79,726 $ 262,546 $ 86,174 $ 428,446 A&D 360,030 1,692 20,009 381,731 Medical 220,635 189,614 51,585 461,834 Semi-Cap 215,596 266,065 67,640 549,301 Advanced Computing 163,423 35,842 140 199,405 Next Generation Communications 120,739 112,684 1,179 234,602 External revenue 1,160,149 868,443 226,727 2,255,319 Elimination of intersegment sales 43,395 44,117 2,107 89,619 Segment revenue $ 1,203,544 $ 912,560 $ 228,834 $ 2,344,938 Year Ended (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 110,063 $ 196,209 $ 66,789 $ 373,061 A&D 401,599 — 21,972 423,571 Medical 255,246 211,567 31,657 498,470 Semi-Cap 158,380 159,016 51,578 368,974 Advanced Computing 140,109 31,228 — 171,337 Next Generation Communications 96,937 119,987 794 217,718 External revenue 1,162,334 718,007 172,790 2,053,131 Elimination of intersegment sales 46,698 28,654 1,757 77,109 Segment revenue $ 1,209,032 $ 746,661 $ 174,547 $ 2,130,240
Changes In Contract Assets	Year Ended (in thousands) 2022 2021 Beginning balance as of December 31 $ 155,243 $ 142,779 Revenue recognized 2,623,585 2,037,206 Amounts collected or invoiced ( 2,595,215 ) ( 2,024,742 ) Ending balance as of December 31 $ 183,613 $ 155,243

Restructuring Charges (Tables)

Restructuring Charges (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2022: Balance as of Foreign Balance as of December 31, Restructuring Cash Non-Cash Exchange December 31, (in thousands) 2021 Charges Payment Activity Adjustments 2022 Restructuring: Severance $ 3,257 $ 2,428 $ ( 1,713 ) $ ( 289 ) $ — $ 3,683 Lease facility costs 17 1,261 ( 1,261 ) — — 17 Other exit costs 237 2,021 ( 2,056 ) ( 121 ) — 81 Total $ 3,511 $ 5,710 $ ( 5,030 ) $ ( 410 ) $ — $ 3,781 The components of the restructuring charges during 2022 were as follows: (in thousands) Americas Asia Europe Total Severance costs $ 2,298 $ 130 $ — $ 2,428 Lease facility costs 1,261 — — 1,261 Other exit costs 2,021 — — 2,021 $ 5,580 $ 130 $ — $ 5,710 The following table summarizes the 2021 activity in accrued restructuring, which is included in accrued liabilities in the condensed consolidated balance sheets, related to various restructuring activities initiated prior to December 31, 2021: Balance as of Foreign Balance as of December 31, Restructuring Cash Non-Cash Exchange December 31, (in thousands) 2020 Charges Payment Activity Adjustments 2021 Restructuring: Severance $ 3,996 $ 4,130 $ ( 4,685 ) $ ( 184 ) $ — $ 3,257 Lease facility costs 50 2,745 ( 2,618 ) ( 160 ) — 17 Other exit costs 408 2,470 ( 2,252 ) ( 389 ) — 237 Total $ 4,454 $ 9,345 $ ( 9,555 ) $ ( 733 ) $ — $ 3,511 The components of the restructuring charges during 2021 were as follows: (in thousands) Americas Asia Europe Total Severance costs $ 4,084 $ 46 $ — $ 4,130 Lease facility costs 2,581 164 — 2,745 Other exit costs 2,470 — — 2,470 $ 9,135 $ 210 $ — $ 9,345 The following table summarizes the 2020 activity in accrued restructuring, which is included in accrued liabilities in the condensed consolidated balance sheets, related to various restructuring activities initiated prior to December 31, 2020: Balance as of Foreign Balance as of December 31, Restructuring Cash Non-Cash Exchange December 31, (in thousands) 2019 Charges Payment Activity Adjustments 2020 Restructuring: Severance $ 3,956 $ 7,010 $ ( 6,666 ) $ ( 304 ) $ — $ 3,996 Lease facility costs — 3,716 ( 2,394 ) ( 1,272 ) — 50 Other exit costs — 2,174 ( 655 ) ( 1,111 ) — 408 Total $ 3,956 $ 12,900 $ ( 9,715 ) $ ( 2,687 ) $ — $ 4,454 The components of the restructuring charges during 2020 were as follows: (in thousands) Americas Asia Europe Total Severance costs $ 5,829 $ 1,181 $ — $ 7,010 Lease facility costs 3,716 — — 3,716 Other exit costs 2,088 86 — 2,174 $ 11,633 $ 1,267 $ — $ 12,900

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule Of Accumulated Other Comprehensive Loss	The changes in accumulated other comprehensive loss by component were as follows: Foreign Currency Derivative Translation Instruments, (in thousands) Adjustments Net of Tax Other Total Balances, December 31, 2019 $ ( 12,425 ) $ ( 3,600 ) $ ( 734 ) $ ( 16,759 ) Other comprehensive gain (loss) before 4,050 ( 2,024 ) ( 800 ) 1,226 Amounts reclassified from accumulated — ( 1,118 ) — ( 1,118 ) Net current period other comprehensive gain (loss) 4,050 ( 3,142 ) ( 800 ) 108 Balances, December 31, 2020 $ ( 8,375 ) $ ( 6,742 ) $ ( 1,534 ) $ ( 16,651 ) Other comprehensive gain (loss) before reclassifications ( 4,354 ) 3,018 477 ( 859 ) Amounts reclassified from accumulated other — 352 — 352 Net current period other comprehensive gain (loss) ( 4,354 ) 3,370 477 ( 507 ) Balances, December 31, 2021 $ ( 12,729 ) $ ( 3,372 ) $ ( 1,057 ) $ ( 17,158 ) Other comprehensive gain ( 3,148 ) 4,641 ( 87 ) 1,406 Amounts reclassified from accumulated other — ( 481 ) — ( 481 ) Net current period other comprehensive gain (loss) ( 3,148 ) 4,160 ( 87 ) 925 Balances, December 31, 2022 $ ( 15,877 ) $ 788 $ ( 1,144 ) $ ( 16,233 )

Supplemental Cash Flow and No_2

Supplemental Cash Flow and Non-Cash Information (Tables)	12 Months Ended
	Dec. 31, 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. Year Ended (in thousands) 2022 2021 2020 Income taxes paid, net $ 28,478 $ 20,558 $ 18,071 Interest paid $ 11,627 $ 8,207 $ 9,048 Non-cash investing activity: Additions to property, plant and equipment in accounts payable $ 23,734 $ 8,614 $ 3,164

Summary Of Significant Accoun_4

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Summary Of Significant Accounting Policies [Line Items]
Cash equivalents	$ 88,900	$ 76,200
Provision for doubtful accounts	$ 489	$ 0	$ 2,160
Leases [Abstract]
Lease, Practical Expedients, Package [true false]	true
Lessee Operating Lease Option To Extend	Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised.
Lessee, Operating Lease, Option to Terminate	Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised.
Lessee, Operating Lease, Existence of Option to Extend [true false]	true
Lessee, Operating Lease, Existence of Option to Terminate [true false]	true
Anti-dilutive securities to purchase common shares	0	0.1	0.1
Compensation cost recognized for stock-based awards	$ 18,500	$ 15,300	$ 10,400
Future tax benefit of stock-based awards as of grant date	4,400	3,600	2,400
Total cash received as a result of stock option exercises	700	300	1,000
Tax benefit realized as a result of stock option exercises and the vesting of other share-based awards	2,500	2,700	2,100
Total intrinsic value of stock options exercised	500	500	500
Exchange gain (loss) related to foreign currency transactions	600	(300)	$ (1,800)
Government incentives	900	500
Prepaid and other assets	$ 0	$ 500
Minimum [Member] | Buildings And Building Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	5 years
Minimum [Member] | Machinery And Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	2 years
Minimum [Member] | Furniture And Fixtures [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	2 years
Minimum [Member] | Vehicles [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	2 years
Maximum [Member] | Buildings And Building Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	40 years
Maximum [Member] | Machinery And Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	15 years
Maximum [Member] | Furniture And Fixtures [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	12 years
Maximum [Member] | Vehicles [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	8 years

Summary Of Significant Accoun_5

Summary Of Significant Accounting Policies (Schedule Of Allowance For Doubtful Accounts) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	[1]	$ 788	$ 1,371	$ 10,085
Charges to Operations	[1]	489	0	2,160
Deductions	[1]	(763)	(583)	(10,874)
Balance at End of Period	[1]	$ 514	$ 788	$ 1,371
[1] Deductions in the allowance for doubtful accounts represent write-offs, net of recoveries, of amounts determined to be uncollectible.

Summary Of Significant Accoun_6

Summary Of Significant Accounting Policies (Schedule Of Calculation Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share Reconciliation [Line Items]
Net income	$ 68,229	$ 35,770	$ 14,055
Denominator for basic earnings per share – weighted-average number of common shares outstanding during the period	35,179	35,655	36,524
Denominator for diluted earnings per share	35,718	36,101	36,817
Basic	$ 1.94	$ 1	$ 0.38
Diluted	$ 1.91	$ 0.99	$ 0.38
Stock Options [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to exercise of dilutive options	17	39	36
Restricted Stock Units [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to exercise of dilutive options	522	407	257

Summary Of Significant Accoun_7

Summary Of Significant Accounting Policies (Schedule Of Unrecognized Compensation Cost Nonvested Awards) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 21,578
Remaining weighted-average amortization period	2 years 6 months
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 6,125	[1]
Remaining weighted-average amortization period	1 year 7 months 6 days	[1]
[1] Based on the probable achievement of the performance goals identified in each award.

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventory Costs) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 710,494	$ 504,307
Work in process	15,546	15,338
Finished goods	1,709	3,595
Inventories	$ 727,749	$ 523,240

Property, Plant And Equipment_2

Property, Plant And Equipment (Schedule Of Property, Plant And Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 697,027	$ 659,825
Less accumulated depreciation	(485,549)	(473,159)
Property, plant and equipment, Net	211,478	186,666
Land [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	5,867	5,867
Buildings And Building Improvements [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	79,178	76,139
Machinery And Equipment [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	542,034	506,652
Furniture And Fixtures [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	11,430	10,035
Vehicles [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	1,099	1,125
Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	54,272	42,288
Construction In Progress[Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 3,147	$ 17,719

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Schedule of Goodwill by Reportable Segments) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Line Items]
Goodwill	$ 192,116	$ 192,116	$ 192,116
Americas [Member]
Goodwill [Line Items]
Goodwill	154,014	154,014	154,014
Asia [Member]
Goodwill [Line Items]
Goodwill	$ 38,102	$ 38,102	$ 38,102

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Schedule of Other Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 176,723	$ 185,392
Accumulated amortization	(118,537)	(121,161)
Net carrying amount	58,186	64,231
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	100,072	100,136
Accumulated amortization	(65,958)	(59,680)
Net carrying amount	34,114	40,456
Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	52,483	49,788
Accumulated amortization	(36,702)	(34,325)
Net carrying amount	15,781	15,463
Technology Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	15,500	26,800
Accumulated amortization	(15,500)	(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	(377)	(356)
Net carrying amount	$ 491	$ 512

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill And Other Intangible Assets [Line Items]
Purchased software costs, capitalized	$ 3,417	$ 3,383	$ 4,935
Purchased Software Costs [Member]
Goodwill And Other Intangible Assets [Line Items]
Purchased software costs, capitalized	$ 3,400	$ 3,400	$ 4,900
Minimum [Member] | Customer Relationships [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	10 years
Minimum [Member] | Purchased Software Costs [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	2 years
Maximum [Member] | Customer Relationships [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	14 years
Maximum [Member] | Purchased Software Costs [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	14 years

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Schedule of Amortization Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 6,384	$ 6,384	$ 9,099
Amortization of capitalized purchased software costs	4,113	2,128	1,493
Amortization of debt costs	416	637	461
Total amortization	$ 10,913	$ 9,149	$ 11,053

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets (Schedule of Estimated Future Amortization Expense) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 5,979
2024	4,817
2025	4,817
2026	4,817
2027	$ 4,817

Borrowing Facilities - Schedule

Borrowing Facilities - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Less unamortized debt issuance costs	$ (1,829)	$ (1,670)
Long-term debt	324,421	129,580
Revolving credit facility, due 2023 [Member]
Line of Credit Facility [Line Items]
Revolving credit facility	195,000
Principal amount	195,000
Term loan [Member]
Line of Credit Facility [Line Items]
Principal amount	$ 131,250	$ 131,250

Borrowing Facilities (Narrative

Borrowing Facilities (Narrative) (Details) - USD ($)		12 Months Ended
	Dec. 21, 2021	Dec. 31, 2022	Dec. 31, 2020	May 20, 2022	Dec. 31, 2021	Jul. 20, 2018
Line of Credit Facility [Line Items]
Credit agreement, secured by percentage of stock of the Company's domestic subsidiaries			100%
Credit agreement, secured by percentage of voting capital stock of each direct foreign subsidiary		65%
Aggregate maturities of long-term debt and capital lease obligations in 2022		$ 4,100,000
Aggregate maturities of long-term debt and capital lease obligations in 2023		4,100,000
Aggregate maturities of long-term debt and capital lease obligations in 2024		6,600,000
Aggregate maturities of long-term debt and capital lease obligations in 2025		$ 116,500,000
Credit Agreement [Member]
Line of Credit Facility [Line Items]
Credit agreement capacity	$ 381,000,000					$ 650,000,000
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.
Federal Funds Rate		0.50%
Credit Agreement [Member] | Alternate Base Rate Plus [Member]
Line of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		1%
Credit Agreement [Member] | Bloomberg Short-Term Bank Yield Index Rate [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] | Bloomberg Short-Term Bank Yield Index Rate [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] | Bloomberg Short-Term Bank Yield Index Rate [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
Credit Agreement maturity date		Jul. 20, 2023
Possible increase to total commitments under Credit Agreement		$ 100,000,000
Revolving credit facility, available for future borrowings		251,100,000				430,000,000
Principal amount		195,000,000
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
Credit Agreement maturity date	Jul. 20, 2023
Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Credit agreement capacity				$ 450,000,000
Credit Agreement maturity date	Dec. 21, 2026
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		$ 121,900,000
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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lease Cost:
Amortization of right-of-use assets (included in depreciation expense)	$ 96	$ 444
Interest on lease liabilities	29	192
Operating lease cost	17,485	16,155
Short-term lease cost	307	339
Variable lease cost	1,892	1,737
Total lease cost	19,809	18,867
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for finance lease	29	212
Operating cash flows used for operating leases	17,277	16,721
Financing cash flows used for finance lease	165	873	$ 1,351
Right-of-use assets obtained in exchange for new operating lease liabilities	11,694	32,811
Assets and Liabilities, Lessee [Abstract]
Finance lease right-of-use assets (included in other assets)	$ 664	$ 760
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets, net	Other assets, net
Operating lease right-of-use assets	$ 93,081	$ 99,158
Finance lease liability, current (included in current installments of long-term debt)	$ 173	$ 165
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current installments of long-term debt	Current installments of long-term debt
Finance lease liability, noncurrent (included in long-term debt)	$ 355	$ 529
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt, less current installments	Long-term debt, less current installments
Operating lease liabilities, current (included in accrued liabilities)	$ 12,020	$ 13,465
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued liabilities	Accrued liabilities
Operating lease liabilities, noncurrent	$ 86,687	$ 90,878
Weighted average remaining lease term – finance leases	2 years 10 months 24 days	3 years 10 months 24 days
Weighted average remaining lease term – operating leases	9 years 9 months 18 days	10 years
Weighted average discount rate – finance leases	4.80%	4.80%
Weighted average discount rate – operating leases	4.10%	4.10%

Leases - Future annual minimum

Leases - Future annual minimum lease payments and finance lease commitments (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Operating Leases
2023	$ 14,949
2024	13,654
2025	12,869
2026	11,473
2027	10,369
2028 and thereafter	57,531
Finance Leases
2023	194
2024	194
2025	178
2026	0
2027	0
2028 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	Dec. 31, 2021 USD ($)
Lessee, Operating Lease, Liability, to be Paid, Gross Difference [Abstract]
Total minimum lease payments	$ 120,845
Less: imputed interest	(22,138)
Present value of lease liabilities	98,707
Finance Lease, Liability, to be Paid, Gross Difference [Abstract]
Total minimum lease payments	566
Less: imputed interest	(38)
Present value of lease liabilities	$ 528

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	Dec. 31, 2022 USD ($)
Operating Leased Assets [Line Items]
Lease Expiration Year	2032
Lessee, operating lease, liability, aggregate amount of annual minimum payments	$ 2.4

Common Stock and Stock-Based _3

Common Stock and Stock-Based Awards Plans - Dividends and Share Repurchase Authorization (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions		1 Months Ended		12 Months Ended
	Jan. 13, 2022	May 31, 2021	Feb. 29, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 19, 2020	Oct. 26, 2018	Mar. 06, 2018	Dec. 07, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends paid	$ 5,800,000			$ 23,200,000	$ 23,300,000	$ 23,000,000
Quarterly cash dividend declared		$ 0.165
Repurchase of common shares program authorized amount							$ 150,000,000	$ 100,000,000		$ 100,000,000
Repurchase of common shares remaining authorized amount					$ 154,600,000
Accelerated Stock Repurchase Agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase of common Shares				0.4	1.4	1
Repurchase of common shares, value				$ 9,400,000	$ 40,200,000	$ 25,200,000
Repurchase of common shares, average cost per share				$ 24.96	$ 29.11	$ 26.16
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Quarterly cash dividend declared		0.16	$ 0.15
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Quarterly cash dividend declared		$ 0.165	$ 0.16
Repurchase of common shares program authorized amount									$ 250,000,000

Common Stock and Stock-Based _4

Common Stock and Stock-Based Awards Plans - Stock-Based Compensation (Narrative) (Details) - $ / shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares available for issuance	2.9
Number of options, exercisable	0.1	0.1	0.2
Weighted-average exercise price of options exercisable	$ 21.85	$ 20.06	$ 19.98
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of options	10 years
Stock Options [Member] | Employee Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years

Common Stock and Stock-Based _5

Common Stock and Stock-Based Awards Plans (Summary Of Stock Options) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Number of Options, Outstanding, Beginning balance	132	188	270
Number of Options, Exercised	(53)	(54)	(76)
Number of Options, Forfeited or expired	(22)	(2)	(6)
Number of Options, Outstanding, Ending balance	57	132	188
Weighted-Average Exercise Price, Outstanding, Beginning balance	$ 20.06	$ 19.98	$ 20.02
Weighted-Average Exercise Price, Exercised	17.16	19.77	19.87
Weighted-Average Exercise Price, Forfeited or expired	22.36	20.16	23.08
Weighted-Average Exercise Price, Outstanding, Ending balance	$ 21.85	$ 20.06	$ 19.98
Weighted-Average Remaining Contractual Term (Years), Outstanding	1 year 4 months 9 days
Aggregate Intrinsic Value, Outstanding	$ 277

Common Stock and Stock-Based _6

Common Stock and Stock-Based Awards Plans (Summary Of Stock-Based Awards) (Details) - $ / shares shares in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
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		1,057	1,026	893
Granted, shares or units		616	503	533
Vested, shares or units		(407)	(377)	(336)
Forfeited, shares or units		(81)	(95)	(64)
Non-vested shares outstanding, shares or units, ending balance		1,185	1,057	1,026
Non-vested outstanding, weighted-average grant date fair value, beginning balance		$ 28.02	$ 27.35	$ 28.06
Granted, weighted-average grant date fair value		25.90	28.52	26.52
Vested, weighted-average grant date fair value		28.08	26.77	27.69
Forfeited, weighted-average grant date fair value		27.44	28.47	28.54
Non-vested outstanding, weighted-average grant date fair value, ending balance		$ 26.93	$ 28.02	$ 27.35
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		542	368	384
Granted, shares or units	[1]	177	234	165
Forfeited, shares or units		(174)	(60)	(181)
Non-vested shares outstanding, shares or units, ending balance		545	542	368
Non-vested outstanding, weighted-average grant date fair value, beginning balance		$ 28.06	$ 27.93	$ 28.89
Granted, weighted-average grant date fair value	[1]	25.97	28.60	28.02
Forfeited, weighted-average grant date fair value		27.29	29.38	30.04
Non-vested outstanding, weighted-average grant date fair value, ending balance		$ 27.62	$ 28.06	$ 27.93
[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 (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
U.S. Federal, Current	$ 903	$ 6	$ 1,406
State and local, Current	107	1,702	24
Foreign, Current	22,351	14,812	9,120
Current income tax expense (benefit), total	23,361	16,520	10,550
U.S. Federal, Deferred	(6,544)	(6,179)	(3,784)
State and local, Deferred	(1,734)	(1,380)	(1,021)
Foreign, Deferred	1,030	676	(2,507)
Deferred income tax expense, total	(7,248)	(6,883)	(7,312)
Total income tax expense	$ 16,113	$ 9,637	$ 3,238

Income Taxes - Schedule Of In_2

Income Taxes - Schedule Of Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
United States	$ (45,390)	$ (34,930)	$ (33,790)
Foreign	129,732	80,337	51,083
Income before income taxes	$ 84,342	$ 45,407	$ 17,293

Income Taxes - Schedule Of Fede

Income Taxes - Schedule Of Federal Statutory Income Tax Rate To Income Before Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Tax at statutory rate	$ 17,713	$ 9,536	$ 3,632
State taxes, net of federal tax effect	(1,285)	(36)	(788)
Effect of foreign operations and tax incentives	(3,907)	(4,048)	(6,372)
Change in valuation allowance	41	(336)	(3,029)
Stock-based compensation	447	(69)	347
GILTI	1,768	2,104	1,667
Foreign tax refund benefit	0	(7,285)	0
Losses in foreign jurisdictions for which no benefit has been provided	3	2,608	5,798
Change in uncertain tax benefits reserve	40	8,858	(31)
Other	1,293	(1,695)	2,014
Total income tax expense	$ 16,113	$ 9,637	$ 3,238

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Line Items]
Corporate income tax rate	21%				35%
Effect Of Tax Cuts and Jobs Act [Abstract]
Tax Cuts and Jobs Act, Transition Tax for Accumulated Foreign Earnings Liability	$ 48,300,000				$ 80,500,000
Tax Cuts and Jobs Act, transition tax for accumulated foreign earnings liability noncurrent	48,300,000
Foreign earnings repatriated	20,000,000	$ 35,000,000
Cumulative undistributed earnings of foreign subsidiaries	455,000,000
Unrecognized deferred tax liability	6,000,000
Impact of cash repatriation	7,300,000
2022	12,100,000
2023	16,100,000
2024	20,100,000
Refund claim of foreign cash taxes		16,500,000
Total Refund Claim				$ 9,200,000
Net change in total deferred tax asset valuation allowance	$ 40,000	(300,000)	$ 3,000,000
Tax credit carryforward expiration year	2026
Income tax incentives	$ 9,000,000	$ 4,500,000	$ 5,000,000
Net impact of tax incentives, per diluted share	$ 0.25	$ 0.13	$ 0.13
Unrecognized tax benefits including interest and penalties	$ 9,500,000
Additions related to prior year tax positions	0	$ 1,575,000	$ 0
Additions related to current year tax positions	0	7,424,000	0
Decreases related to prior year tax positions		138,000
Decreases related to lapse of statutes	60,000	239,000	14,000
Interest on unrecognized tax	400,000
Penalty on unrecognized tax	0	300,000	17,000
Interest and penalties included in income tax expense			$ 0
Research and experimentation	$ 10,691,000	$ 0
Thailand [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Income tax holidays expiration date	2030
Earliest Tax Year [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Tax credit carryforward expiration year	2038
Earliest Tax Year [Member] | CHINA
Effect Of Tax Cuts and Jobs Act [Abstract]
Income tax holidays expiration date	2023
Latest Tax Year [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Tax credit carryforward expiration year	2042
Latest Tax Year [Member] | Malaysia [Member}
Effect Of Tax Cuts and Jobs Act [Abstract]
Income tax holidays expiration date	2026
Foreign [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Operating loss carryforwards	$ 47,200,000
Foreign operating loss with indefinite carry forward period	$ 11,500,000
Foreign [Member] | Latest Tax Year [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Operating loss carryforwards expiration Year	2031
U.S. Federal [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Operating loss carryforwards	$ 0
State and local [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Operating loss carryforwards	13,800,000
Tax credit carryforward	$ 1,700,000
State and local [Member] | Earliest Tax Year [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Operating loss carryforwards expiration Year	2037
State and local [Member] | Latest Tax Year [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Operating loss carryforwards expiration Year	2042
Research Tax Credit Carryforward [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Tax credit carryforward	$ 4,100,000

Income Taxes - Schedule Of Defe

Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Carrying value of inventories	$ 4,809	$ 2,704
Accrued liabilities and allowances deductible for tax purposes on a cash basis	7,811	10,592
Goodwill	937	1,320
Stock-based compensation	5,032	3,741
Operating right-of-use lease liabilities	23,252	24,851
Net operating loss carryforwards	16,848	17,417
Tax credit carryforwards	5,805	4,629
Interest rate swap	0	1,133
Research and experimentation	10,691	0
Other	4,086	5,961
Gross deferred tax assets	79,271	72,348
Less: valuation allowance	(18,743)	(18,702)
Net deferred tax assets	60,528	53,646
Plant and equipment, due to differences in depreciation	(7,957)	(4,887)
Operating right-of-use lease assets	(22,991)	(24,590)
Intangible assets, due to differences in amortization	(10,502)	(11,687)
Foreign withholding tax	(4,902)	(4,902)
Interest rate swap	(263)	0
Other	(2,173)	(1,692)
Gross deferred tax liability	(48,788)	(47,758)
Net deferred tax liability	11,740	5,888
Long-term asset	12,235	5,972
Long-term liability	(495)	(84)
Net deferred tax Asset	$ 11,740	$ 5,888

Income Taxes - Schedule Of Tax

Income Taxes - Schedule Of Tax Incentives (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Line Items]
Income tax incentives	$ 9,005	$ 7,749	$ 7,441
China [Member]
Income Taxes [Line Items]
Income tax incentives	643	443	0
Malaysia [Member}
Income Taxes [Line Items]
Income tax incentives	0	1,946	4,945
Thailand [Member]
Income Taxes [Line Items]
Income tax incentives	$ 8,362	$ 5,360	$ 2,496

Income Taxes - Schedule Of Reco

Income Taxes - Schedule Of Reconciliation Of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Balance as of January 1	$ 9,121	$ 499	$ 513
Additions related to current year tax positions	0	7,424	0
Additions related to prior year tax positions	0	1,575	0
Decreases related to prior year tax positions		(138)
Decreases related to lapse of statutes	(60)	(239)	(14)
Balance as of December 31	$ 9,061	$ 9,121	$ 499

Major Customers (Narrative) (De

Major Customers (Narrative) (Details) - Number_of_largest_customers	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Major Customers [Abstract]
Sales to largest customers (Percentage)	52%	47%	41%
Number of customers	10	10	10

Major Customers (Schedule Of Sa

Major Customers (Schedule Of Sales To Largest Customers) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Entity Wide Revenue Major Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 3,011,506	$ 2,344,938	$ 2,130,240
Applied Materials, Inc. [Member] | Subsidiaries [Member]
Entity Wide Revenue Major Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 424,436	$ 353,673	$ 241,522

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Unrealized gain (loss) on derivative, net of tax	$ 4,160	$ 3,370	$ (3,142)
Amounts reclassified from accumulated other comprehensive income, net of tax	$ 481	(352)	1,118
Concentration Risk Customer Accounts Receivable	One of the most significant credit risks is the ultimate realization of accounts receivable. This risk is mitigated by (i) sales to well established companies, (ii) ongoing credit evaluation of customers, and (iii) frequent contact with customers, thus enabling management to monitor current changes in business operations and to respond accordingly. Management considers these concentrations of credit risks in establishing our allowance for doubtful accounts and believes these allowances are adequate. The Company had one customer whose gross accounts receivable exceeded 10% of total gross accounts receivable as of December 31, 2022.
Interest Rate Swap [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Foreign currency exchange contract notional amount	$ 121,900	$ 129,400
Fixed interest rate	2.928%	2.928%
Fair value of interest rate swap	$ 600	$ 4,300
Unrealized gain (loss) on interest rate swap	5,000	4,700	2,700
Unrealized gain (loss) on derivative, net of tax	3,700	3,500	2,000
Amounts classified from accumulated other comprehensive income			1,500
Amounts reclassified from accumulated other comprehensive income, net of tax			$ 1,100
Forward Currency Exchange [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Foreign currency exchange contract notional amount	10,200
Unrealized gain (loss) on interest rate swap	600	200
Unrealized gain (loss) on derivative, net of tax	400	100
Amounts classified from accumulated other comprehensive income	$ 500	$ 400
One Customer [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Concentration risk, percentage	17%
One Customer [Member] | Customer Concentration Risk [Member] | Maximum [Member] | Accounts Receivable [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Concentration risk, percentage	10%

Financial Instruments - Summary

Financial Instruments - Summary of Fair Values of Derivative Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other Current Assets [Member] | Forward currency exchange contracts [Member]
Derivatives, Fair Value [Line Items]
Fair value of forward currency exchange contracts	$ 407	$ 0
Other Current Assets [Member] | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Fair value of interest rate swap	639	0
Accrued Liabilities [Member] | Forward currency exchange contracts [Member]
Derivatives, Fair Value [Line Items]
Fair value of forward currency exchange contracts	0	178
Accrued Liabilities [Member] | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Fair value of interest rate swap	$ 0	$ 4,332

Accounts Receivable Sale Prog_2

Accounts Receivable Sale Program (Narrative) (Details) - USD ($) $ in Millions		12 Months Ended
	Feb. 03, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Increases In Maximum Limit Accounts Receivable Sale Program		$ 120
Trade Accounts Receivable Sold		445.4	$ 394.6	$ 305.8
Amount Received From Trade Accounts Receivable Sold To Third Party		$ 443.6	$ 394	$ 305.2
Subsequent Event [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maximum Limit Accounts Receivable Sale Program	$ 200

Segment And Geographic Inform_3

Segment And Geographic Information (Operating Segments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Sales	$ 2,886,331	$ 2,255,319	$ 2,053,131
Depreciation and amortization	44,252	44,152	48,792
Income from operations	90,069	53,062	25,134
Interest expense	(12,894)	(8,472)	(8,364)
Interest income	1,730	540	1,196
Other expense	5,437	277	(673)
Income before income taxes	84,342	45,407	17,293
Capital expenditures	46,774	42,177	39,519
Total assets	2,227,331	1,903,880	1,744,235
Elimination Of Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Sales	(125,176)	(89,619)	(77,109)
Corporate And Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income from operations	(116,671)	(94,524)	(77,452)
Americas [Member]
Segment Reporting Information [Line Items]
Sales	1,475,929	1,203,544	1,209,032
Depreciation and amortization	19,574	20,589	22,802
Income from operations	55,202	45,807	32,629
Capital expenditures	30,105	28,673	24,392
Total assets	1,055,533	885,574	777,658
Asia [Member]
Segment Reporting Information [Line Items]
Sales	1,251,475	912,560	746,661
Depreciation and amortization	10,192	10,660	11,018
Income from operations	134,649	90,725	63,880
Capital expenditures	10,534	4,253	7,836
Total assets	764,164	663,881	532,793
Europe [Member]
Segment Reporting Information [Line Items]
Sales	284,103	228,834	174,547
Depreciation and amortization	3,289	2,878	2,842
Income from operations	16,889	11,054	6,077
Capital expenditures	4,509	6,072	1,838
Total assets	183,443	178,263	146,277
Corporate [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	11,197	10,025	12,130
Capital expenditures	1,626	3,179	5,453
Total assets	$ 224,191	$ 176,162	$ 287,507

Segment And Geographic Inform_4

Segment And Geographic Information (Schedule Of Geographic Net Sales And Long-Lived Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Geographic net sales	$ 2,886,331	$ 2,255,319	$ 2,053,131
Long-lived assets	370,831	357,648	344,844
United States [Member]
Segment Reporting Information [Line Items]
Geographic net sales	1,569,232	1,328,754	1,322,728
Long-lived assets	249,409	240,430	235,193
Asia [Member]
Segment Reporting Information [Line Items]
Long-lived assets	68,283	65,327	69,669
Singapore [Member]
Segment Reporting Information [Line Items]
Geographic net sales	457,889	326,688	222,285
Other Asia [Member]
Segment Reporting Information [Line Items]
Geographic net sales	332,144	202,792	168,500
Europe [Member]
Segment Reporting Information [Line Items]
Geographic net sales	387,276	285,017	240,672
Long-lived assets	29,338	29,588	18,002
Other Foreign [Member]
Segment Reporting Information [Line Items]
Geographic net sales	139,790	112,068	98,946
Long-lived assets	$ 23,801	$ 22,303	$ 21,980

Revenue (Disaggregation of reve

Revenue (Disaggregation of revenue) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 3,011,506	$ 2,344,938	$ 2,130,240
Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,886,331	2,255,319	2,053,131
Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	593,605	428,446	373,061
Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	347,585	381,731	423,571
Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	592,894	461,834	498,470
Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	722,102	549,301	368,974
Operating Segments [Member] | Advanced Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	310,509	199,405	171,337
Operating Segments [Member] | Next Generation Communications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	319,636	234,602	217,718
Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	125,175	89,619	77,109
Americas [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,475,930	1,203,544	1,209,032
Americas [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,410,954	1,160,149	1,162,334
Americas [Member] | Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	89,949	79,726	110,063
Americas [Member] | Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	286,230	360,030	401,599
Americas [Member] | Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	319,823	220,635	255,246
Americas [Member] | Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	286,322	215,596	158,380
Americas [Member] | Operating Segments [Member] | Advanced Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	258,206	163,423	140,109
Americas [Member] | Operating Segments [Member] | Next Generation Communications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	170,424	120,739	96,937
Americas [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	64,976	43,395	46,698
Asia [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,251,477	912,560	746,661
Asia [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,194,377	868,443	718,007
Asia [Member] | Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	363,398	262,546	196,209
Asia [Member] | Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	43,701	1,692	0
Asia [Member] | Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	228,571	189,614	211,567
Asia [Member] | Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	357,634	266,065	159,016
Asia [Member] | Operating Segments [Member] | Advanced Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	52,301	35,842	31,228
Asia [Member] | Operating Segments [Member] | Next Generation Communications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	148,772	112,684	119,987
Asia [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	57,100	44,117	28,654
Europe [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	284,100	228,834	174,547
Europe [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	281,000	226,727	172,790
Europe [Member] | Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	140,258	86,174	66,789
Europe [Member] | Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	17,654	20,009	21,972
Europe [Member] | Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	44,500	51,585	31,657
Europe [Member] | Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	78,146	67,640	51,578
Europe [Member] | Operating Segments [Member] | Advanced Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2	140	0
Europe [Member] | Operating Segments [Member] | Next Generation Communications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	440	1,179	794
Europe [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 3,100	$ 2,107	$ 1,757

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation Of Revenue [Line Items]
Contract assets	$ 183,613	$ 155,243
Advance payments from customers	197,937	118,124
Customer Deposits and Prepayments of Inventory [Member]
Disaggregation Of Revenue [Line Items]
Advance payments from customers	178,900	79,900
Contractual Timing of Payments [Member]
Disaggregation Of Revenue [Line Items]
Advance payments from customers	$ 18,900	$ 38,200
Transferred Over Time [Member]
Disaggregation Of Revenue [Line Items]
Percentage Of Revenue	90.80%	90.30%	90.20%

Revenue (Schedule of Changes in

Revenue (Schedule of Changes in Contract Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Change in Contract with Customer, Asset [Abstract]
Beginning balance as of December 31	$ 155,243	$ 142,779
Revenue recognized	2,623,585	2,037,206
Amounts collected or invoiced	(2,595,215)	(2,024,742)
Ending balance as of December 31	$ 183,613	$ 155,243

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
United States Employees, Defined Contribution [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Contributions to defined contribution plans	$ 6.5	$ 3.3	$ 3.1
International Employees, Defined Contribution [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Contributions to defined contribution plans	$ 0.1	$ 0.1	$ 0.1

Restructuring Charges (Schedule

Restructuring Charges (Schedule Of Accrued Restructuring) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Beginning Balance	$ 3,511	$ 4,454	$ 3,956
Restructuring Charges	5,710	9,345	12,900
Cash Payment	(5,030)	(9,555)	(9,715)
Severance Costs	2,428	4,130	7,010
Lease Facility Cost	1,261	2,745	3,716
Other exit costs	2,021	2,470	2,174
Non-Cash Activity	(410)	(733)	(2,687)
Ending Balance	3,781	3,511	4,454
Americas [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	5,580	9,135	11,633
Severance Costs	2,298	4,084	5,829
Lease Facility Cost	1,261	2,581	3,716
Other exit costs	2,021	2,470	2,088
Asia [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	130	210	1,267
Severance Costs	130	46	1,181
Lease Facility Cost	0	164	0
Other exit costs	0	0	86
Europe [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0	0
Severance Costs	0	0	0
Lease Facility Cost	0	0	0
Other exit costs	0	0	0
Severance [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	3,257	3,996	3,956
Restructuring Charges	2,428	4,130	7,010
Cash Payment	(1,713)	(4,685)	(6,666)
Non-Cash Activity	(289)	(184)	(304)
Ending Balance	3,683	3,257	3,996
Lease Facility Costs [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	17	50	0
Restructuring Charges	1,261	2,745	3,716
Cash Payment	(1,261)	(2,618)	(2,394)
Non-Cash Activity	0	(160)	(1,272)
Ending Balance	17	17	50
Other Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	237	408	0
Restructuring Charges	2,021	2,470	2,174
Cash Payment	(2,056)	(2,252)	(655)
Non-Cash Activity	(121)	(389)	(1,111)
Ending Balance	$ 81	$ 237	$ 408

Restructuring Charges (Addition

Restructuring Charges (Additional Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 5,710	$ 9,345	$ 12,900
Costs Related to Asset Impairments	0	4,357	6,950
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
Legal settlements	3,300
Americas [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	5,580	9,135	11,633
Costs Related to Asset Impairments		4,400	5,700
Asia [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	130	$ 210	1,267
Costs Related to Asset Impairments			$ 1,000
Different Locations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 5,700

Ransomware incident (Narrative)

Ransomware incident (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	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	$ (3,944)	$ (1,350)	7,700
Insurance recoveries				$ 5,000
Additional collection of recorded insurance receivable		3,900	1,600
Collection of recorded insurance receivable			$ 6,600
Insurance recoveries collected at point in time		$ 10,500

Quarterly Financial Data (Sched

Quarterly Financial Data (Schedule Of Quarterly Financial Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Quarterly Financial Data [Abstract]
Revenues	$ 2,886,331	$ 2,255,319	$ 2,053,131
Gross profit	255,235	205,901	175,048
Net Income (Loss) Attributable to Parent	$ 68,229	$ 35,770	$ 14,055
Earnings (loss) per common share, Basic	$ 1.94	$ 1	$ 0.38
Earnings (loss) per common share, Diluted	$ 1.91	$ 0.99	$ 0.38

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule Of Accumulated Other Comprehensive Loss By Component) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	$ (17,158)	$ (16,651)	$ (16,759)
Other comprehensive gain (loss) before reclassifications	1,406	(859)	1,226
Amounts reclassified from accumulated other comprehensive loss	(481)	352	(1,118)
Net current period other comprehensive gain (loss)	925	(507)	108
Accumulated other comprehensive loss, net of tax, ending balance	(16,233)	(17,158)	(16,651)
Foreign currency translation adjustments [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	(12,729)	(8,375)	(12,425)
Other comprehensive gain (loss) before reclassifications	(3,148)	(4,354)	4,050
Amounts reclassified from accumulated other comprehensive loss	0	0	0
Net current period other comprehensive gain (loss)	(3,148)	(4,354)	4,050
Accumulated other comprehensive loss, net of tax, ending balance	(15,877)	(12,729)	(8,375)
Derivative instruments, net of tax [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	(3,372)	(6,742)	(3,600)
Other comprehensive gain (loss) before reclassifications	4,641	3,018	(2,024)
Amounts reclassified from accumulated other comprehensive loss	(481)	352	(1,118)
Net current period other comprehensive gain (loss)	4,160	3,370	(3,142)
Accumulated other comprehensive loss, net of tax, ending balance	788	(3,372)	(6,742)
Other, net of tax [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	(1,057)	(1,534)	(734)
Other comprehensive gain (loss) before reclassifications	(87)	477	(800)
Amounts reclassified from accumulated other comprehensive loss	0	0	0
Net current period other comprehensive gain (loss)	(87)	477	(800)
Accumulated other comprehensive loss, net of tax, ending balance	$ (1,144)	$ (1,057)	$ (1,534)

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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Supplemental Cash Flow Information [Abstract]
Income taxes paid, net	$ 28,478	$ 20,558	$ 18,071
Interest paid	11,627	8,207	9,048
Non-cash investing activity:
Additions to property, plant and equipment in accounts payable	$ 23,734	$ 8,614	$ 3,164

Subsequent Events (Additional i

Subsequent Events (Additional information) (Details) $ in Millions	Feb. 03, 2023 USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Credit agreement capacity	$ 200