Benchmark Electronics (BHE) 10-Q 4 May 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 01, 2023
Cover [Abstract]
Entity Central Index Key	0000863436
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Document Period End Date	Mar. 31, 2023
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
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		35,622,975

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 210,893	$ 207,430
Restricted cash	797	0
Accounts receivable, net of allowance for doubtful accounts of $307 and $514, respectively	461,905	491,957
Contract assets	194,134	183,613
Inventories	778,137	727,749
Prepaid expenses and other assets	45,000	41,392
Income taxes receivable	6	8
Total current assets	1,690,872	1,652,149
Property, plant and equipment, net	221,016	211,478
Operating lease right-of-use assets	95,156	93,081
Goodwill	192,116	192,116
Deferred income taxes	12,861	12,235
Other assets, net	66,627	66,272
Total assets	2,278,648	2,227,331
Current liabilities:
Current installments of long-term debt	3,456	4,275
Accounts payable	421,746	424,272
Advance payments from customers	185,808	197,937
Income taxes payable	11,863	12,236
Accrued liabilities	88,990	110,416
Total current liabilities	711,863	749,136
Long-term debt, less current installments	399,924	320,675
Operating lease liabilities	87,561	86,687
Other long-term liabilities	44,179	43,922
Deferred income taxes	495	495
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 - 35,589 and 35,164, respectively	3,559	3,516
Additional paid-in capital	518,499	519,238
Retained earnings	526,377	519,895
Accumulated other comprehensive loss	(13,809)	(16,233)
Total shareholders’ equity	1,034,626	1,026,416
Total liabilities and shareholders' equity	$ 2,278,648	$ 2,227,331

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, accounts receivable	$ 307	$ 514
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	35,589,000	35,164,000
Common stock, outstanding	35,589,000	35,164,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Sales	$ 694,695	$ 636,083
Cost of sales	630,737	578,481
Gross profit	63,958	57,602
Selling, general and administrative expenses	38,198	36,289
Amortization of intangible assets	1,592	1,609
Restructuring charges and other costs	1,426	4,297
Income from operations	22,742	15,407
Interest expense	(6,450)	(1,750)
Interest income	1,258	130
Other income (expense)	(2,165)	(294)
Income before income taxes	15,385	13,493
Income tax expense	3,025	2,533
Net income	$ 12,360	$ 10,960
Earnings per share:
Basic	$ 0.35	$ 0.31
Diluted	$ 0.35	$ 0.31
Weighted-average number of shares outstanding:
Basic	35,336	35,245
Diluted	35,592	35,470

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 12,360	$ 10,960
Other comprehensive income (loss):
Foreign currency translation adjustments	1,050	(1,155)
Unrealized gain (loss) on derivatives, net of tax	1,148	2,447
Other	226	(21)
Other comprehensive income	2,424	1,271
Comprehensive income	$ 14,784	$ 12,231

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning Balances, value at Dec. 31, 2021	$ 973,802	$ 3,521	$ 507,447	$ 479,992	$ (17,158)
Balances, shares at Dec. 31, 2021		35,213
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	4,206		4,206
Shares repurchased and retired, value	(5,482)	$ (21)	(2,375)	(3,086)
Shares repurchased and retired, shares		(214)
Stock options exercised, value	459	$ 3	456
Stock options exercised, shares		32
Vesting of restricted stock units, value		$ 35	(35)
Vesting of restricted stock units, shares		346
Shares withheld for taxes, value	(2,997)	$ (12)	(2,985)
Shares withheld for taxes, shares		(116)
Dividends declared	(5,814)			(5,814)
Net income	10,960			10,960
Other comprehensive income	1,271				1,271
Ending Balances, value at Mar. 31, 2022	976,405	$ 3,526	506,714	482,052	(15,887)
End Balances, shares at Mar. 31, 2022		35,261
Beginning 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	$ 4,790		4,790
Stock options exercised, value	$ 68	$ 1	67
Stock options exercised, shares	11	5
Vesting of restricted stock units, value		$ 65	(65)
Vesting of restricted stock units, shares		651
Shares withheld for taxes, value	$ (5,554)	$ (23)	(5,531)
Shares withheld for taxes, shares		(231)
Dividends declared	(5,878)			(5,878)
Net income	12,360			12,360
Other comprehensive income	2,424				2,424
Ending Balances, value at Mar. 31, 2023	$ 1,034,626	$ 3,559	$ 518,499	$ 526,377	$ (13,809)
End Balances, shares at Mar. 31, 2023	35,589	35,589

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ 12,360	$ 10,960
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation	8,320	8,294
Amortization	2,780	2,603
Provision for doubtful accounts	0	120
Deferred income taxes	(1,010)	(1,201)
Loss on the sale of property, plant and equipment	11	41
Loss on assets held for sale	0	1,983
Stock-based compensation expense	4,790	4,206
Changes in operating assets and liabilities
Accounts receivable	30,398	(26,356)
Contract assets	(10,521)	(13,431)
Inventories	(49,864)	(85,751)
Prepaid expenses and other assets	(3,712)	(8,742)
Accounts payable	15,375	35,869
Advance payments from customers	(12,129)	11,475
Accrued liabilities	(21,348)	(7,960)
Operating leases	9	(398)
Income taxes	(365)	263
Net cash used in operations	(24,906)	(68,025)
Cash flows from investing activities:
Additions to property, plant and equipment	(35,926)	(17,203)
Proceeds from the sale of property, plant and equipment	19	0
Proceeds from the sale of assets held for sale	0	1,325
Additions to capitalized purchased software	(2,805)	(772)
Other	0	5
Net cash used in investing activities	(38,712)	(16,645)
Cash flows from financing activities:
Proceeds from stock options exercised	68	459
Employee taxes paid for with shares withheld	(5,554)	(2,997)
Dividends paid	(5,806)	(5,805)
Borrowings under credit agreement	230,000	203,000
Principal payments on credit agreement	(151,641)	(130,000)
Principal payments on finance leases	(43)	(41)
Share repurchases	0	(5,482)
Net cash provided by financing activities	67,024	(59,134)
Effect of exchange rate changes	854	(1,278)
Net increase (decrease) in cash and cash equivalents and restricted cash	4,260	(26,814)
Cash and cash equivalents and restricted cash at beginning of year	207,430	271,749
Cash and cash equivalents and restricted cash at end of period	$ 211,690	$ 244,935

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation Benchmark Electronics, Inc. (the Company) is a Texas corporation that provides advanced manufacturing services (electronic manufacturing services (EMS) and precision technology (PT) services), which include 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 market sectors: 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. The unaudited condensed consolidated financial statements included herein have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC) relating to interim financial statements. The condensed consolidated financial statements reflect all normal and recurring adjustments necessary in the opinion of management for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and notes included in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2022 (the 2022 10-K). Management has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these unaudited condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States (U.S. GAAP) for interim financial statements. However, actual results could differ materially from these estimates.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	Note 2 – New Accounting Pronouncements The Company has determined that other recently issued accounting standards will either not have a material impact on its consolidated financial position, results of operations or cash flows, or will not apply to its operations.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2023
Inventory Disclosure [Abstract]
Inventories	Note 3 – Inventories Inventory costs are summarized as follows: March 31, December 31, (in thousands) 2023 2022 Raw materials $ 757,586 $ 710,494 Work in process 18,077 15,546 Finished goods 2,474 1,709 $ 778,137 $ 727,749

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Other Intangible Assets	Note 4 – Goodwill and Other Intangible Assets Goodwill allocated to the Company’s reportable segments were as follows: (in thousands) Americas Asia Total Goodwill as of December 31, 2022 and March 31, 2023 $ 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 capitalized purchased software costs as of March 31, 2023 and December 31, 2022 were as follows: (in thousands) Gross Accumulated Net Customer relationships $ 100,072 $ ( 67,544 ) $ 32,528 Capitalized purchased software costs 55,288 ( 37,832 ) 17,456 Technology licenses 15,500 ( 15,500 ) — Trade names and trademarks 7,800 — 7,800 Other 868 ( 380 ) 488 Intangible assets, March 31, 2023 $ 179,528 $ ( 121,256 ) $ 58,272 (in thousands) Gross Accumulated Net Customer relationships $ 100,072 $ ( 65,958 ) $ 34,114 Capitalized 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 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. The Company’s acquired trade names and trademarks have been determined to have an indefinite life. Amortization on the statements of cash flow for the three months ended March 31, 2023 and 2022 were as follows: Three Months Ended (in thousands) 2023 2022 Amortization of intangible assets $ 1,592 $ 1,609 Amortization of capitalized purchased software costs 1,050 909 Amortization of debt costs 114 85 $ 2,756 $ 2,603 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 2022 (remaining nine months) 4,388 2023 4,817 2024 4,817 2025 4,817 2026 4,817

Borrowing Facilities

Borrowing Facilities	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Borrowing Facilities	Note 5 – Borrowing Facilities Long-term debt outstanding as of March 31, 2023 and December 31, 2022 consists of the following: March 31, December 31, (in thousands) 2023 2022 Revolving credit facility $ 275,000 $ 195,000 Term loan 129,609 131,250 Less unamortized debt issuance costs ( 1,715 ) ( 1,829 ) Long-term debt $ 402,894 $ 324,421 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 an L/C Issuer. The Prior Credit Agreement was comprised of a five-year $ 500 million revolving credit facility and a five-year $ 151 million term loan facility, both which had a maturity date of July 20, 2023 . The term loan facility proceeds were used to (i) refinance a portion of existing indebtedness and terminate all commitments under the Company’s prior $ 430 million credit agreement and (ii) pay the fees, costs and expenses associated with the foregoing and the negotiation, execution and delivery of the Prior Credit Agreement. On December 21, 2021, the Company amended and restated the Prior Credit Agreement by entering into a $ 381 million amended and restated credit agreement (the Amended and Restated Credit Agreement). The Amended and Restated Credit Agreement was comprised of a five-year $ 250 million revolving credit facility (the Revolving Credit Facility) and a five-year $ 131.3 million term loan facility (the Term Loan Facility), which extended the original revolving credit facility and term loan facility maturity dates from July 20, 2023 to December 21, 2026 . On May 20, 2022, the Company entered into Amendment No. 1 (the Amendment) to the Amended and Restated Credit Agreement (as amended, the Credit Agreement). The Amendment increased the Revolving Credit Facility commitments from $ 250 million to $ 450 million. The Amendment also established that the interest on outstanding borrowings starting on the next reset date and any new borrowings under the Amendment (other than swingline loans) will accrue, at the Company’s option, at (a) BSBY plus the Applicable Rate (as defined in the Credit Agreement, approximately 1.00 % to 2.00 % per annum depending on various factors) or (b) for U.S. Dollar denominated loans, the base rate (which is the highest of (i) the federal funds rate plus 0.50 %, (ii) the Bank of America, N.A. prime rate, (iii) the one month BSBY adjusted daily plus 1.00 % and (iv) 1.00 %). On February 3, 2023, the Company entered into Amendment No. 2 to the Credit Agreement, which increased the maximum amount of trade accounts that the Company may elect to sell at any one time to $ 200.0 million. The Revolving Credit Facility is available for general corporate purposes. The Credit Agreement includes an accordion feature pursuant to which the Company is permitted to add one or more incremental term loans and/or increase commitments under the Revolving Credit Facility in an aggregate amount of $ 100 million or a higher amount, subject to the satisfaction of certain conditions and exceptions. The Term Loan Facility is subject to quarterly principal installments equal to 0.625 % of the initial aggregate term loan advances to be paid commencing December 31, 2022 t hrough September 30, 2024 and 1.25 % of the initial aggregate term loan advances from December 31, 2024 until the maturity date. As of March 31, 2023, a portion of the $ 129.6 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 $ 120.0 million notional interest rate swap contract discussed in Note 14. A commitment fee of 0.20 % to 0.30 % per annum (based on the Company's 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 the Company and its domestic subsidiaries (including, but not limited to, accounts receivable, contract assets, inventory, intellectual property and fixed assets of the Company 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 March 31, 2023, the Company had $ 129.6 million in borrowings outstanding under the Term Loan Facility, $ 275.0 million in borrowings outstanding under the Revolving Credit Facility, and $ 3.9 million in letters of credit outstanding under the Revolving Credit Facility. The Company had $ 171.1 million a vailable for future borrowings under the Revolving Credit Facility subject to compliance with financial covenants as to interest coverage and debt leverage, in addition to other debt covenant restrictions.

Leases

Leases	3 Months Ended
	Mar. 31, 2023
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 for the three months ended March 31, 2023 and 2022 were as follows: Three Months Ended (in thousands) 2023 2022 Finance lease cost: Amortization of right-of-use assets (included in depreciation expense) $ 24 $ 24 Interest on lease liabilities 6 8 Operating lease cost 4,571 4,274 Short-term lease cost 140 80 Variable lease cost 456 469 Total lease cost $ 5,197 $ 4,855 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for finance lease $ 6 $ 8 Operating cash flows used for operating leases $ 4,435 $ 5,316 Financing cash flows used for finance lease $ 43 $ 41 Right-of-use assets obtained in exchange for new operating lease liabilities $ 5,406 $ 634 The lease assets and liabilities as of March 31, 2023 and December 31, 2022 were as follows (in thousands): March 31, December 31, 2023 2022 Finance lease right-of-use assets (included in other assets) $ 640 $ 664 Operating lease right-of-use assets $ 95,156 $ 93,081 Finance lease liability, current (included in current installments of long-term debt) $ 175 $ 173 Finance lease liability, noncurrent (included in long-term debt) $ 311 $ 355 Operating lease liabilities, current (included in accrued liabilities) $ 13,314 $ 12,020 Operating lease liabilities, noncurrent $ 87,561 $ 86,687 Weighted average remaining lease term – finance leases 2.7 years 2.9 years Weighted average remaining lease term – operating leases 9.3 years 9.8 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 March 31, 2023 were as follows (in thousands): Year ending December 31, Operating Finance 2023 (remaining nine months) 12,650 145 2024 15,641 194 2025 14,837 178 2026 11,511 — 2027 10,406 — 2028 and thereafter 57,617 — Total minimum lease payments $ 122,662 $ 517 Less: imputed interest ( 21,787 ) ( 31 ) Present value of lease liabilities $ 100,875 $ 486 As of March 31, 2023 , the Company’s future operating leases that have not yet commenced include a new facility lease in an existing location in the Americas which expires 2032 and contains renewal options. The aggregate initial annual minimum lease payments of this lease is approximately $ 2.4 million.

Common Stock and Stock-Based Aw

Common Stock and Stock-Based Awards Plans	3 Months Ended
	Mar. 31, 2023
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. For both the three months ended March 31, 2023 and 2022, cash dividends paid totaled $ 5.8 million. On March 15, 2023 and March 15, 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 March 31, 2023 and March 31, 2022, respectively. The dividends for the first quarter of 2023 and 2022 were paid on April 13, 2023 and April 14, 2022, respectively. The Company’s future dividend policy is subject to the Company’s compliance with applicable law, and depends 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 Company's Board of Directors (the Board of Directors) may deem relevant. 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 February 19, 2020 and October 26, 2018, the Board of Directors authorized the repurchase of $ 150 million and $ 100 million, respectively, of shares of the Compa ny’s common stock in addition to the $ 250 million previously approved on March 6, 2018. During the three months ended March 31, 2023 , the Company did not repurchase any common shares. As of March 31, 2023, the Company had an aggregate $ 154.6 million remaining under its stock repurchase program. Stock-Based Compensation The Company’s 2019 Omnibus Incentive Compensation Plan (as amended, the 2019 Plan) authorizes the Company, upon approval of the Human Capital and 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 shares 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 generally vest one year from the grant date. As of March 31, 2023 , 2.2 mi llion common shares were available for issuance under the 2019 Plan. All share-based payments to employees, including grants of employee stock options, are recognized in the condensed consolidated financial statements based on their grant date fair values. The total compensation cost recognized for stock-based awards was $ 4.8 million and $ 4.2 million for the three months ended March 31, 2023 and 2022, respectively. The future tax benefit of these stock-based awards as of the grant date was $ 1.1 million for the three months ended March 31, 2023 and $ 1.0 million for the three months ended March 31, 2022. Awards of restricted stock units and performance-based restricted stock units are valued at the closing market price of shares 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 March 31, 2023, 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 $ 32,123 $ 8,890 Remaining weighted-average amortization period 3.0 years 2.2 years (1) Based on the probable achievement of the performance goals identified in each award. The total cash received by the Company as a result of stock option exercises for the three months ended March 31, 2023 and 2022 was approximate ly $ 0.1 million and $ 0.5 million, respectively. The actual tax benefit realized as a result of stock option exercises and the vesting of other share-based awards during the three months ended March 31, 2023 and 2022 was $ 2.2 million and $ 2.1 million, respectively. For the three months ended March 31, 2023 and 2022, the total intrinsic value of stock options exercised was $ 0.1 million and $ 0.4 million, respectively. The Company awarded performance-based restricted stock units to employees during the three months ended March 31, 2023 and 2022. 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 re-issuance under the Company’s 2019 Plan. The following table summarizes activities relating to the Company’s stock options: (in thousands, except per share data) Number of Weighted- Weighted- Aggregate Outstanding as of December 31, 2022 57 $ 21.85 Exercised ( 11 ) 17.37 Forfeited or expired ( 2 ) 17.37 Outstanding and exercisable as of March 31, 2023 44 $ 23.07 1.45 $ 28 The aggregate intrinsic value in the table above is before income taxes and is calculated as the difference between the exercise price of the underlying options and the Company’s closing stock price as of the last business day of the period ended March 31, 2023 for options that had exercise prices that were below the closing price. 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, 2022 1,185 $ 26.93 Granted 582 24.26 Vested ( 410 ) 27.29 Forfeited ( 9 ) 26.23 Non-vested awards outstanding as of March 31, 2023 1,348 $ 25.68 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, 2022 545 $ 27.62 Granted (1) 224 25.31 Vested ( 241 ) 28.30 Forfeited ( 34 ) 28.02 Non-vested units outstanding as of March 31, 2023 494 $ 26.21 (1) Represents target number of units that can vest based on the achievement of the performance goals.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 8 – Income Taxes Income tax expense consists of the following: Three Months Ended (in thousands) 2023 2022 Current: U.S. Federal $ 525 $ 97 State and local 66 171 Foreign 3,444 3,466 Deferred: ( 1,010 ) ( 1,201 ) $ 3,025 $ 2,533 Income tax expense differs from the amount computed by applying the U.S. federal statutory income tax rate to income before income taxes primarily due to the mix of taxable income by taxing jurisdiction, the impact of tax incentives and tax holidays in foreign locations, state income taxes (net of federal benefit) and the U.S. tax under the global intangible low-taxed income (GILTI) provisions. GILTI requires the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiaries tangible fixed assets. The taxable earnings can be offset by a limited deemed paid foreign tax credit with no carrybacks or carryforwards available. The Company accounts for the GILTI as a period cost and does not include it as a factor in the determination of deferred taxes. As of December 31, 2022, the Company had approximately $ 365.2 million in cumulative undistributed foreign earnings of its foreign subsidiaries. These earnings would not be subject to U.S. income tax if distributed to the Company. During 2018, the Company changed its assertion on its foreign subsidiaries earnings that are permanently reinvested. A certain amount of earnings from specific foreign subsidiaries are permanently reinvested, and certain foreign earnings from other specific foreign subsidiaries are considered to be non-permanently reinvested and are available for immediate distribution to the Company. Income taxes have been accrued on the non-permanently reinvested foreign earnings including any applicable local withholding taxes. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in the United States in response to the COVID pandemic. The CARES Act among other things, permits net operating loss carryovers and carrybacks to offset 100% of taxable income for taxable years beginning before 2021, and contains modifications on the limitation of business interest. The Company has evaluated the impact of these provisions and has determined these provisions did not have any impact on the three months ended March 31, 2023. In addition, the CARES Act allowed for employee retention tax credits to be taken in U.S. payroll tax filings, and allowed for the deferral of the employer portion of social security taxes during the calendar year 2020 with 50% to be paid at the end of calendar years 2021 and 2022, respectively. The Company deferred the payment of the employer portion of social security taxes for the year ended December 31, 2020 until the end of 2021 and 2022, respectively. During December 2022 and 2021, the Company paid 100% of the social security taxes previously deferred and all employer deferrals have been paid. The Company has also determined it was entitled to employee retention credits and filed for the credits in the second quarter 2020 payroll tax reports pursuant to the guidance provided by the Internal Revenue Service. The amount for the credits was recorded in operating expenses for the year ended December 31, 2020. The Company was not eligible for employee retention tax credits as of December 31, 2021. The Company has not received the retention credits from the Internal Revenue Service that it applied for during second quarter of 2020. The Internal Revenue Service has had some delays in processing the filings for the tax refunds. The Company has been granted certain tax incentives, including tax holidays, for its subsidiaries in China and Thailand that will expire at various dates, unless extended or otherwise renegotiated, through 2023 in China and 2030 in Thailand, and are subject to certain conditions with which the Company expects to comply. We will be applying for an additional China tax holiday for future years from 2024 until 2026 . The Malaysia tax incentive expired as of March 31, 2021, but the Company has applied for an extension of the Malaysia tax holiday which would extend the tax holiday for potentially 5 to 10 years. There is no guarantee that the Company will be granted the extension of the Malaysia tax holiday or the future China tax holiday. The net impact of these tax incentives was to lower foreign income tax expense for the three months ended March 31, 2023 and 2022 by approximately $ 1.9 million (approximately $ 0.05 per diluted share) and $ 1.2 million (approximately $ 0.03 per diluted share), respectively, as follows: Three Months Ended (in thousands) 2023 2022 China $ 182 $ 116 Thailand 1,759 1,074 $ 1,941 $ 1,190 As of March 31, 2023 , the total amount of the reserve for uncertain tax benefits including interest and penalties was $ 9.5 million. The reserve is classified as a current or long-term liability in the unaudited condensed consolidated balance sheets based on the Company’s expectation of when the items will be settled. The Company records interest expense and penalties accrued in relation to uncertain income tax benefits as a component of current income tax expense. The Company and its subsidiaries in Brazil, China, Ireland, Malaysia, Mexico, the Netherlands, Romania, Singapore, Thailand and the United States remain open to examination by the various local taxing authorities, in total or in part, for fiscal years 2016 to 2022. During such income tax examinations, disputes may occur as to matters of fact or law. Also, in most tax jurisdictions, the passage of time without examination will result in the expiration of applicable statutes of limitations thereby precluding examination of the tax period(s) for which such statute of limitation has expired. The Company believes that it has adequately provided for its tax liabilities.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Note 9 – Revenue The Company’s revenues are generated primarily from its manufacturing services, which entails the sale of manufactured products built to customer specifications. The Company also generates revenue from design, development and engineering services, in addition to the sale of other inventory. Revenue is measured based on the consideration specified in a contract with a customer. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a manufactured product to a customer. The Company’s contracts with customers are generally short-term in nature. The Company applies the optional exemption related to short-term performance obligations and does not disclose information about remaining performance obligations that have original expected durations of one year or less. Customers are generally billed when the product is shipped or as services are performed. Under the majority of the Company’s manufacturing contracts with customers, the customer controls all of the work-in-progress as products are being built. Revenues under these contracts are recognized progressively based on the cost-to-cost method. For other manufacturing contracts, the customer does not take control of the product until it is completed. Under these contracts, the Company recognizes revenue upon transfer of control of the product to the customer, which is generally when goods are shipped. Revenue from design, development and engineering services is recognized over time as the services are performed. As a general matter, the Company assumes no significant obligations after shipment as it typically warrants workmanship only. Therefore, the warranty provisions are generally not significant. If the Company records revenue, but does not issue an invoice, a contract asset is recognized. The contract asset is transferred to accounts receivable when the entitlement to payment becomes unconditional. Taxes assessed by governmental authorities that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as fulfillment costs and are included in cost of sales. Disaggregation of revenue In the following tables, revenue is disaggregated by market sector. The tables also include a reconciliation of the disaggregated revenue with the reportable operating segments. Elimination of intersegment sales includes intersegment sales between reportable operating segments. Reportable Operating Segments Three Months Ended March 31, 2023 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 29,048 $ 80,052 $ 34,426 $ 143,526 A&D 66,302 7,923 5,190 79,415 Medical 68,282 54,158 14,609 137,049 Semi-Cap 60,949 64,737 22,783 148,469 Advanced Computing 88,604 7,394 — 95,998 Next Generation Communications 51,389 38,803 46 90,238 External revenue 364,574 253,067 77,054 694,695 Elimination of intersegment sales 32,633 14,976 801 48,410 Segment revenue $ 397,207 $ 268,043 $ 77,855 $ 743,105 Three Months Ended March 31, 2022 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 18,726 $ 84,458 $ 33,962 $ 137,146 A&D 68,701 7,015 5,471 81,187 Medical 67,979 38,993 9,901 116,873 Semi-Cap 66,323 96,818 20,296 183,437 Advanced Computing 44,626 10,430 — 55,056 Next Generation Communications 27,514 34,765 105 62,384 External revenue 293,869 272,479 69,735 636,083 Elimination of intersegment sales 11,711 14,767 606 27,084 Segment revenue $ 305,580 $ 287,246 $ 70,341 $ 663,167 During the three months ended March 31, 2023 and 2022, 90.4 % and 89.3 %, respectfully, of the Company’s revenue was recognized as products and services that were transferred over time. The timing of revenue recognition, billings and cash collections result in billed accounts receivable, contract assets and advance payments from customers. As of March 31, 2023 and December 31, 2022, the Company had $ 194.1 million and $ 183.6 million, respectively, in contract assets from contracts with customers. The contract assets primarily relate to the Company’s right to consideration for work completed but not billed at the reporting date. The contract assets are transferred to accounts receivable when the rights become unconditional. Significant changes in the contract asset balance during the period are as follows: Three Months Ended (in thousands) 2023 2022 Beginning balance $ 183,613 $ 155,243 Revenue recognized 630,774 569,191 Amounts collected or invoiced ( 620,253 ) ( 555,759 ) Ending balance $ 194,134 $ 168,675 As of March 31, 2023 and December 31, 2022, the Company had $ 185.8 million and $ 197.9 million, respectively, in advance payments from customers. Of those amounts, $ 166.7 million and $ 178.9 million, respectively, were customer deposits and prepayments of inventory and $ 19.1 million and $ 18.9 million, res pectively, were related to the contractual timing of payments. The advance payments are not considered a significant financing component because they are used to meet working capital demands of a contract, offset inventory risks and protect the Company from the failure of other parties to fulfill obligations under a contract.

Accounts Receivable Sale Progra

Accounts Receivable Sale Programs	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Accounts Receivable Sale Programs	Note 10 – Accounts Receivable Sale Programs As of March 31, 2023, in connection with trade accounts receivable sale programs with unaffiliated financial institutions, the Company may elect to sell, at a discount, on an ongoing basis, up to a maximum of $ 200.0 million of specific accounts receivable at any one time. During the three months ended March 31, 2023 and 2022, the Company sold $ 152.8 million and $ 107.2 million, respectively, of accounts receivable under these programs, and in exchange, the Company received cash proceeds of $ 151.8 million and $ 107.0 million, respectively, net of the discount. The sale discount was recorded to other expense within the condensed consolidated statements of income.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Note 11 – Contingencies The Company is involved in various legal actions arising in the ordinary course of business. Although the outcome of these matters cannot be predicted with certainty, 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	3 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring Charges	Note 12 – Restructuring Charges The Company has undertaken initiatives to restructure its business operations to improve utilization and realize cost savings. These initiatives have included changing the number and location of production facilities, largely to align capacity and infrastructure with current and anticipated customer demand. This alignment includes transferring programs from higher cost geographies to lower cost geographies. The process of restructuring entails moving production between facilities, reducing staff levels, realigning our business processes, reorganizing our management and other activities. The Company recognized $ 1.4 million of restructuring charges during the three months ended March 31, 2023 primarily related to the previously announced closures of our site in Moorpark, California in the Americas, and other smaller activities involving capacity reductions and reductions in workforce in certain facilities across various regions. Moorpark, California operations have ceased as of March 31, 2023 with restructuring activity expected to be fully complete in 2023. The following table summarizes the 2023 activity in accrued restructuring, which is included in accrued liabilities in the condensed consolidated balance sheets, related to various restructuring activities initiated prior to March 31, 2023: Balance as of Foreign Balance as of December 31, Restructuring Cash Non-Cash Exchange March 31, (in thousands) 2022 Charges Payment Activity Adjustments 2023 Restructuring: Severance $ 3,683 $ 868 $ ( 1,921 ) $ — $ — $ 2,630 Lease facility costs 17 46 ( 47 ) — — 16 Other exit costs 81 512 ( 512 ) — — 81 Total $ 3,781 $ 1,426 $ ( 2,480 ) $ - $ — $ 2,727 The components of the restructuring charges during 2023 were as follows: (in thousands) Americas Asia Europe Total Severance costs $ 834 $ 34 $ — $ 868 Lease facility costs — — 46 46 Other exit costs 512 — — 512 $ 1,346 $ 34 $ 46 $ 1,426 Additionally, d uring the third quarter of 2021, the Company made the decision to no longer continue certain manufacturing capabilities in the Americas. In connection with that decision, the Company assessed the facility and equipment assets used in those manufacturing capabilities using valuation information from third parties and recorded $ 4.4 million of impairment charges as a result of that assessment. The asset impairment charges are included in the restructuring charges and other costs line item on the consolidated statements of income as of September 30, 2021. During the three months ended March 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.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 13 – Earnings Per Share Basic earnings per share is computed using the weighted-average number of shares outstanding. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for the incremental shares attributed to outstanding stock equivalents. Stock equivalents include common stock issuable upon the exercise or vesting of stock options and other equity instruments and are computed using the treasury stock method. Under the treasury stock method, the exercise price of a share and the amount of compensation cost, if any, for future service that the Company has not yet recognized are assumed to be used to repurchase shares in the current period. In periods when losses are reported, the weighted-average number of shares outstanding excludes stock equivalents because their inclusion would have an anti-dilutive effect. The following table sets forth the calculation of basic and diluted earnings per share: Three Months Ended (in thousands, except per share data) 2023 2022 Net income $ 12,360 $ 10,960 Denominator for basic earnings per share – weighted-average 35,336 35,245 Incremental common shares attributable to exercise of dilutive 6 24 Incremental common shares attributable to outstanding restricted stock units 250 201 Denominator for diluted earnings per share 35,592 35,470 Basic earnings per share $ 0.35 $ 0.31 Diluted earnings per share $ 0.35 $ 0.31 Restricted stock units totaling 0.2 million and 0.3 million common shares for the three months ended March 31, 2023 and 2022, respectively, were not included in the computation of diluted earnings per share as their effect would have been anti-dilutive.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Financial Instruments	Note 14 – Financial Instruments The Company’s financial instruments include cash equivalents, accounts receivable, other receivables, accounts payable, accrued liabilities and long-term debt. The Company believes that the carrying values of these instruments approximate fair value because of their short-term nature. The Company uses derivative instruments to manage the variability of foreign currency obligations and interest rates. The Company does not enter into derivatives for speculative purposes. On July 30, 2021, the Company entered into forward currency exchange contracts designated as cash flow hedges of forecasted foreign currency expenses with a notional amount of $ 42.6 million as of March 31, 2023. Changes in the fair value of the derivatives are recorded in accumulated other comprehensive loss in the condensed consolidated balance sheets until earnings are affected by the variability of the cash flows. During the three months ended March 31, 2023 and 2022, the Company recorded an unrealized gain of $ 1.7 million ($ 1.2 million net of tax) and an unrealized gain of $ 0.5 million ($ 0.4 million net of tax), respectively, on the forward currency exchange contracts in other comprehensive income and transferred an unrealized gain of $ 0.4 million and a loss of $ 0.1 million, respectively, to cost of sales (See Note 15). T he Company also has forward currency exchange contracts in place as of March 31, 2023 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 March 31, 2023, 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 Thailand. The Company has an interest rate swap agreement, with a notional amount of $ 120.0 million and $ 121.9 million as of March 31, 2023 and December 31, 2022 , respectively, to hedge a portion of its interest rate exposure on outstanding borrowings under the Credit Agreement. Under this interest rate swap agreement, the Company receives variable rate interest payments based on the one-month LIBOR rate and pays fixed rate interest payments. The fixed interest rate for the contract is 2.928 %. The effect of this swap is to convert a portion of the floating rate interest expense to fixed interest rate expense. Based on the terms of the interest rate swap contract and the underlying borrowings outstanding under the Credit Agreement, the interest rate contract was determined to be highly effective, and thus qualifies and has been designated as a cash flow hedge. As such, changes in the fair value of the interest rate swap are recorded in other comprehensive income on the accompanying condensed consolidated balance sheets until earnings are affected by the variability of cash flows. During the three months ended March 31, 2023 and 2022, the Company recorded an unrealized loss of $ 0.1 million ($ 0.1 million net of tax) and an unrealized gain of $ 2.8 million ($ 2.1 million net of tax), respectively, on the swap in other comprehensive income. See Note 15. As of March 31, 2023, the fair value estimate for the Company’s interest rate swap agreement were based on Level 2 inputs of the fair value hierarchy, as the Company obtained the valuation from a third party active in relevant markets. The valuation of the swap is primarily measured through various pricing models or discounted cash flow analysis that incorporate observable market parameters, such as interest rate yield curves and volatility. The following table presents the fair value of the Company’s derivative instruments: Fair Values of Derivative Instruments Asset Derivatives Balance Sheet March 31, December 31, (in thousands) Location 2023 2022 Derivatives designated as hedging instruments: Forward currency exchange contracts Other current assets $ 2,071 $ 407 Interest rate swap Other current assets $ 507 $ 639

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Note 15 – Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss by component were as follows: Three Months Ended March 31, 2023 2022 Foreign Foreign Currency Derivative Currency Derivative Translation Instruments, Translation Instruments, (in thousands) Adjustments Net of Tax Other Total Adjustments Net of Tax Other Total Beginning balance $ ( 15,877 ) $ 788 $ ( 1,144 ) $ ( 16,233 ) $ ( 12,729 ) $ ( 3,372 ) $ ( 1,057 ) $ ( 17,158 ) Other comprehensive gain 1,050 1,576 226 2,852 ( 1,155 ) 2,364 ( 21 ) 1,188 Amounts reclassified from accumulated other — ( 428 ) — ( 428 ) — 83 — 83 Net current period other comprehensive gain (loss) 1,050 1,148 226 2,424 ( 1,155 ) 2,447 ( 21 ) 1,271 Ending balance $ ( 14,827 ) $ 1,936 $ ( 918 ) $ ( 13,809 ) $ ( 13,884 ) $ ( 925 ) $ ( 1,078 ) $ ( 15,887 ) Unrealized gains and losses relating to derivative instruments, reclassified from accumulated other comprehensive loss for the three months ended March 31, 2023 and 2022, were recognized as a component of cost of sales in the condensed consolidated statements of income, which relate to the Company's foreign currency contracts accounted for as cash flow hedges. See Note 14 for further explanation of the change in derivative instruments that is recorded to accumulated other comprehensive loss.

Segment And Geographic Informat

Segment And Geographic Information	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment And Geographic Information	Note 16 – Segment and Geographic Information The Company currently has manufacturing facilities in the Americas, Asia and Europe to serve its customers. The Company is operated and managed geographically, and management evaluates performance and allocates the Company’s resources on a geographic basis. Intersegment sales are generally recorded at prices that approximate arm’s length transactions. Operating segments’ measure of profitability is based on income from operations. Corporate and intersegment eliminations includes (1) corporate expenses not allocated to the Company’s three reporting segments, which are primarily general and administrative expenses such as corporate employee payroll and benefit costs and corporate facility costs, and (2) income from operations on intersegment sales between reporting segments. Corporate functions include legal, finance, tax, treasury, information technology, risk management, human resources, business development and other administrative functions. The accounting policies for the reportable operating segments are the same as for the Company taken as a whole. The Company has three reportable operating segments: Americas, Asia, and Europe. Information about operating segments is as follows: Three Months Ended (in thousands) 2023 2022 Net sales: Americas $ 397,208 $ 305,580 Asia 268,043 287,246 Europe 77,855 70,341 Elimination of intersegment sales ( 48,411 ) ( 27,084 ) $ 694,695 $ 636,083 Depreciation and amortization: Americas $ 5,132 $ 4,855 Asia 2,351 2,547 Europe 778 804 Corporate 2,839 2,691 $ 11,100 $ 10,897 Income from operations: Americas $ 13,331 $ 10,365 Asia 28,784 27,806 Europe 6,686 4,638 Corporate and intersegment eliminations ( 26,059 ) ( 27,402 ) 22,742 15,407 Interest expense ( 6,450 ) ( 1,750 ) Interest income 1,258 130 Other expense ( 2,165 ) ( 294 ) Income before income taxes $ 15,385 $ 13,493 Capital expenditures: Americas $ 23,109 $ 12,516 Asia 7,548 3,928 Europe 1,688 1,797 Corporate 6,386 ( 266 ) $ 38,731 $ 17,975 March 31, December 31, (in thousands) 2023 2022 Total assets: Americas $ 1,118,529 $ 1,055,533 Asia 774,147 764,164 Europe 188,513 183,443 Corporate 197,459 224,191 $ 2,278,648 $ 2,227,331 Geographic net sales information provided below reflects the destination of the product shipped. Long-lived assets information is based on the physical location of the asset and includes property, plant and equipment, net, operating lease right-of-use assets, and other long-term assets, net. Three Months Ended (in thousands) 2023 2022 Geographic net sales: United States $ 431,185 $ 329,110 Singapore 86,956 105,672 Other Asia 45,253 74,910 Europe 104,693 99,265 Other 26,608 27,126 $ 694,695 $ 636,083 March 31, December 31, (in thousands) 2023 2022 Long-lived assets: United States $ 248,769 $ 249,409 Asia 72,094 68,283 Europe 29,191 29,338 Other 32,745 23,801 $ 382,799 $ 370,831

Supplemental Cash Flow And Non-

Supplemental Cash Flow And Non-Cash Information	3 Months Ended
	Mar. 31, 2023
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow and Non-Cash Information	Note 17 –Supplemental Cash Flow and Non-Cash Information The following is additional information concerning supplemental disclosures of cash payments. Three Months Ended (in thousands) 2023 2022 Income taxes paid, net $ 4,428 $ 3,478 Interest paid $ 5,874 $ 1,562 Non-cash investing activity: Additions to property, plant and equipment in accounts payable $ 5,555 $ 3,744

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 18 –Subsequent Events On May 1, 2023, the Company entered into Amendment No. 3 to the Credit Agreement. Amendment No. 3 increased the Revolving Credit Facility commitments from $ 450 million to $ 550 million. Amendment No. 3 also established that the interest on outstanding borrowings starting on the next reset date and any new borrowings under Amendment No. 3 (other than swingline loans) will accrue, at the Company’s option, at (a) Term Secured Overnight Financing Rate (SOFR) plus 0.10 % 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) Term SOFR plus 1.00 % and (iv) 1.00 %).

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	The Company has determined that other recently issued accounting standards will either not have a material impact on its consolidated financial position, results of operations or cash flows, or will not apply to its operations.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2023
Inventory Disclosure [Abstract]
Schedule Of Inventory Costs	Inventory costs are summarized as follows: March 31, December 31, (in thousands) 2023 2022 Raw materials $ 757,586 $ 710,494 Work in process 18,077 15,546 Finished goods 2,474 1,709 $ 778,137 $ 727,749

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill Rollforward	Goodwill allocated to the Company’s reportable segments were as follows: (in thousands) Americas Asia Total Goodwill as of December 31, 2022 and March 31, 2023 $ 154,014 $ 38,102 $ 192,116
Schedule Of Intangible Assets	Acquired identifiable intangible assets and capitalized purchased software costs as of March 31, 2023 and December 31, 2022 were as follows: (in thousands) Gross Accumulated Net Customer relationships $ 100,072 $ ( 67,544 ) $ 32,528 Capitalized purchased software costs 55,288 ( 37,832 ) 17,456 Technology licenses 15,500 ( 15,500 ) — Trade names and trademarks 7,800 — 7,800 Other 868 ( 380 ) 488 Intangible assets, March 31, 2023 $ 179,528 $ ( 121,256 ) $ 58,272 (in thousands) Gross Accumulated Net Customer relationships $ 100,072 $ ( 65,958 ) $ 34,114 Capitalized 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
Schedule Of Amortization Expense	Amortization on the statements of cash flow for the three months ended March 31, 2023 and 2022 were as follows: Three Months Ended (in thousands) 2023 2022 Amortization of intangible assets $ 1,592 $ 1,609 Amortization of capitalized purchased software costs 1,050 909 Amortization of debt costs 114 85 $ 2,756 $ 2,603
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 2022 (remaining nine months) 4,388 2023 4,817 2024 4,817 2025 4,817 2026 4,817

Borrowing Facilities (Tables)

Borrowing Facilities (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt	Long-term debt outstanding as of March 31, 2023 and December 31, 2022 consists of the following: March 31, December 31, (in thousands) 2023 2022 Revolving credit facility $ 275,000 $ 195,000 Term loan 129,609 131,250 Less unamortized debt issuance costs ( 1,715 ) ( 1,829 ) Long-term debt $ 402,894 $ 324,421

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Components of lease expenses , and lease assets and liabilities	The components of lease expense for the three months ended March 31, 2023 and 2022 were as follows: Three Months Ended (in thousands) 2023 2022 Finance lease cost: Amortization of right-of-use assets (included in depreciation expense) $ 24 $ 24 Interest on lease liabilities 6 8 Operating lease cost 4,571 4,274 Short-term lease cost 140 80 Variable lease cost 456 469 Total lease cost $ 5,197 $ 4,855 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for finance lease $ 6 $ 8 Operating cash flows used for operating leases $ 4,435 $ 5,316 Financing cash flows used for finance lease $ 43 $ 41 Right-of-use assets obtained in exchange for new operating lease liabilities $ 5,406 $ 634 The lease assets and liabilities as of March 31, 2023 and December 31, 2022 were as follows (in thousands): March 31, December 31, 2023 2022 Finance lease right-of-use assets (included in other assets) $ 640 $ 664 Operating lease right-of-use assets $ 95,156 $ 93,081 Finance lease liability, current (included in current installments of long-term debt) $ 175 $ 173 Finance lease liability, noncurrent (included in long-term debt) $ 311 $ 355 Operating lease liabilities, current (included in accrued liabilities) $ 13,314 $ 12,020 Operating lease liabilities, noncurrent $ 87,561 $ 86,687 Weighted average remaining lease term – finance leases 2.7 years 2.9 years Weighted average remaining lease term – operating leases 9.3 years 9.8 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 March 31, 2023 were as follows (in thousands): Year ending December 31, Operating Finance 2023 (remaining nine months) 12,650 145 2024 15,641 194 2025 14,837 178 2026 11,511 — 2027 10,406 — 2028 and thereafter 57,617 — Total minimum lease payments $ 122,662 $ 517 Less: imputed interest ( 21,787 ) ( 31 ) Present value of lease liabilities $ 100,875 $ 486

Common Stock and Stock-Based _2

Common Stock and Stock-Based Awards Plans (Tables)	3 Months Ended
	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule Of Unrecognized Compensation Cost And Remaining Weighted-Average Amortization Stock-Based Awards	As of March 31, 2023, 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 $ 32,123 $ 8,890 Remaining weighted-average amortization period 3.0 years 2.2 years (1) Based on the probable achievement of the performance goals identified in each award.
Summary of Stock Options	The following table summarizes activities relating to the Company’s stock options: (in thousands, except per share data) Number of Weighted- Weighted- Aggregate Outstanding as of December 31, 2022 57 $ 21.85 Exercised ( 11 ) 17.37 Forfeited or expired ( 2 ) 17.37 Outstanding and exercisable as of March 31, 2023 44 $ 23.07 1.45 $ 28
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, 2022 1,185 $ 26.93 Granted 582 24.26 Vested ( 410 ) 27.29 Forfeited ( 9 ) 26.23 Non-vested awards outstanding as of March 31, 2023 1,348 $ 25.68
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, 2022 545 $ 27.62 Granted (1) 224 25.31 Vested ( 241 ) 28.30 Forfeited ( 34 ) 28.02 Non-vested units outstanding as of March 31, 2023 494 $ 26.21 (1) Represents target number of units that can vest based on the achievement of the performance goals.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Schedule Of Income Tax Expense	Income tax expense consists of the following: Three Months Ended (in thousands) 2023 2022 Current: U.S. Federal $ 525 $ 97 State and local 66 171 Foreign 3,444 3,466 Deferred: ( 1,010 ) ( 1,201 ) $ 3,025 $ 2,533
Schedule Of Tax Incentives	The net impact of these tax incentives was to lower foreign income tax expense for the three months ended March 31, 2023 and 2022 by approximately $ 1.9 million (approximately $ 0.05 per diluted share) and $ 1.2 million (approximately $ 0.03 per diluted share), respectively, as follows: Three Months Ended (in thousands) 2023 2022 China $ 182 $ 116 Thailand 1,759 1,074 $ 1,941 $ 1,190

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	In the following tables, revenue is disaggregated by market sector. The tables also include a reconciliation of the disaggregated revenue with the reportable operating segments. Elimination of intersegment sales includes intersegment sales between reportable operating segments. Reportable Operating Segments Three Months Ended March 31, 2023 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 29,048 $ 80,052 $ 34,426 $ 143,526 A&D 66,302 7,923 5,190 79,415 Medical 68,282 54,158 14,609 137,049 Semi-Cap 60,949 64,737 22,783 148,469 Advanced Computing 88,604 7,394 — 95,998 Next Generation Communications 51,389 38,803 46 90,238 External revenue 364,574 253,067 77,054 694,695 Elimination of intersegment sales 32,633 14,976 801 48,410 Segment revenue $ 397,207 $ 268,043 $ 77,855 $ 743,105 Three Months Ended March 31, 2022 (in thousands) Americas Asia Europe Total Market Sector: Industrials $ 18,726 $ 84,458 $ 33,962 $ 137,146 A&D 68,701 7,015 5,471 81,187 Medical 67,979 38,993 9,901 116,873 Semi-Cap 66,323 96,818 20,296 183,437 Advanced Computing 44,626 10,430 — 55,056 Next Generation Communications 27,514 34,765 105 62,384 External revenue 293,869 272,479 69,735 636,083 Elimination of intersegment sales 11,711 14,767 606 27,084 Segment revenue $ 305,580 $ 287,246 $ 70,341 $ 663,167
Significant Changes in Contract Assets	Significant changes in the contract asset balance during the period are as follows: Three Months Ended (in thousands) 2023 2022 Beginning balance $ 183,613 $ 155,243 Revenue recognized 630,774 569,191 Amounts collected or invoiced ( 620,253 ) ( 555,759 ) Ending balance $ 194,134 $ 168,675

Restructuring Charges (Tables)

Restructuring Charges (Tables)	3 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Schedule Of Accrued Restructuring	The following table summarizes the 2023 activity in accrued restructuring, which is included in accrued liabilities in the condensed consolidated balance sheets, related to various restructuring activities initiated prior to March 31, 2023: Balance as of Foreign Balance as of December 31, Restructuring Cash Non-Cash Exchange March 31, (in thousands) 2022 Charges Payment Activity Adjustments 2023 Restructuring: Severance $ 3,683 $ 868 $ ( 1,921 ) $ — $ — $ 2,630 Lease facility costs 17 46 ( 47 ) — — 16 Other exit costs 81 512 ( 512 ) — — 81 Total $ 3,781 $ 1,426 $ ( 2,480 ) $ - $ — $ 2,727 The components of the restructuring charges during 2023 were as follows: (in thousands) Americas Asia Europe Total Severance costs $ 834 $ 34 $ — $ 868 Lease facility costs — — 46 46 Other exit costs 512 — — 512 $ 1,346 $ 34 $ 46 $ 1,426

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Earnings per Share	The following table sets forth the calculation of basic and diluted earnings per share: Three Months Ended (in thousands, except per share data) 2023 2022 Net income $ 12,360 $ 10,960 Denominator for basic earnings per share – weighted-average 35,336 35,245 Incremental common shares attributable to exercise of dilutive 6 24 Incremental common shares attributable to outstanding restricted stock units 250 201 Denominator for diluted earnings per share 35,592 35,470 Basic earnings per share $ 0.35 $ 0.31 Diluted earnings per share $ 0.35 $ 0.31

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Summary of Fair Values of Derivative Instruments	The following table presents the fair value of the Company’s derivative instruments: Fair Values of Derivative Instruments Asset Derivatives Balance Sheet March 31, December 31, (in thousands) Location 2023 2022 Derivatives designated as hedging instruments: Forward currency exchange contracts Other current assets $ 2,071 $ 407 Interest rate swap Other current assets $ 507 $ 639

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2023
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: Three Months Ended March 31, 2023 2022 Foreign Foreign Currency Derivative Currency Derivative Translation Instruments, Translation Instruments, (in thousands) Adjustments Net of Tax Other Total Adjustments Net of Tax Other Total Beginning balance $ ( 15,877 ) $ 788 $ ( 1,144 ) $ ( 16,233 ) $ ( 12,729 ) $ ( 3,372 ) $ ( 1,057 ) $ ( 17,158 ) Other comprehensive gain 1,050 1,576 226 2,852 ( 1,155 ) 2,364 ( 21 ) 1,188 Amounts reclassified from accumulated other — ( 428 ) — ( 428 ) — 83 — 83 Net current period other comprehensive gain (loss) 1,050 1,148 226 2,424 ( 1,155 ) 2,447 ( 21 ) 1,271 Ending balance $ ( 14,827 ) $ 1,936 $ ( 918 ) $ ( 13,809 ) $ ( 13,884 ) $ ( 925 ) $ ( 1,078 ) $ ( 15,887 )

Segment And Geographic Inform_2

Segment And Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule Of Operating Segments	Information about operating segments is as follows: Three Months Ended (in thousands) 2023 2022 Net sales: Americas $ 397,208 $ 305,580 Asia 268,043 287,246 Europe 77,855 70,341 Elimination of intersegment sales ( 48,411 ) ( 27,084 ) $ 694,695 $ 636,083 Depreciation and amortization: Americas $ 5,132 $ 4,855 Asia 2,351 2,547 Europe 778 804 Corporate 2,839 2,691 $ 11,100 $ 10,897 Income from operations: Americas $ 13,331 $ 10,365 Asia 28,784 27,806 Europe 6,686 4,638 Corporate and intersegment eliminations ( 26,059 ) ( 27,402 ) 22,742 15,407 Interest expense ( 6,450 ) ( 1,750 ) Interest income 1,258 130 Other expense ( 2,165 ) ( 294 ) Income before income taxes $ 15,385 $ 13,493 Capital expenditures: Americas $ 23,109 $ 12,516 Asia 7,548 3,928 Europe 1,688 1,797 Corporate 6,386 ( 266 ) $ 38,731 $ 17,975 March 31, December 31, (in thousands) 2023 2022 Total assets: Americas $ 1,118,529 $ 1,055,533 Asia 774,147 764,164 Europe 188,513 183,443 Corporate 197,459 224,191 $ 2,278,648 $ 2,227,331
Schedule Of Geographic Net Sales And Long-Lived Assets	Geographic net sales information provided below reflects the destination of the product shipped. Long-lived assets information is based on the physical location of the asset and includes property, plant and equipment, net, operating lease right-of-use assets, and other long-term assets, net. Three Months Ended (in thousands) 2023 2022 Geographic net sales: United States $ 431,185 $ 329,110 Singapore 86,956 105,672 Other Asia 45,253 74,910 Europe 104,693 99,265 Other 26,608 27,126 $ 694,695 $ 636,083 March 31, December 31, (in thousands) 2023 2022 Long-lived assets: United States $ 248,769 $ 249,409 Asia 72,094 68,283 Europe 29,191 29,338 Other 32,745 23,801 $ 382,799 $ 370,831

Supplemental Cash Flow and No_2

Supplemental Cash Flow and Non-Cash Information (Tables)	3 Months Ended
	Mar. 31, 2023
Supplemental Cash Flow Information [Abstract]
Schedule Of Supplemental Cash Flow and Non-Cash Information	The following is additional information concerning supplemental disclosures of cash payments. Three Months Ended (in thousands) 2023 2022 Income taxes paid, net $ 4,428 $ 3,478 Interest paid $ 5,874 $ 1,562 Non-cash investing activity: Additions to property, plant and equipment in accounts payable $ 5,555 $ 3,744

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventory Costs) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 757,586	$ 710,494
Work in process	18,077	15,546
Finished goods	2,474	1,709
Inventories	$ 778,137	$ 727,749

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Schedule of Goodwill by Reportable Segments) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Goodwill [Line Items]
Goodwill	$ 192,116	$ 192,116
Americas [Member]
Goodwill [Line Items]
Goodwill	154,014	154,014
Asia [Member]
Goodwill [Line Items]
Goodwill	$ 38,102	$ 38,102

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Schedule Of Other Intangible Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 179,528	$ 176,723
Accumulated amortization	(121,256)	(118,537)
Net carrying amount	58,272	58,186
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	100,072	100,072
Accumulated amortization	(67,544)	(65,958)
Net carrying amount	32,528	34,114
Capitalized Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	55,288	52,483
Accumulated amortization	37,832	36,702
Net carrying amount	17,456	15,781
Technology Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	15,500	15,500
Accumulated amortization	(15,500)	(15,500)
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	(380)	(377)
Net carrying amount	$ 488	$ 491

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Narrative) (Details)	3 Months Ended
	Mar. 31, 2023
Minimum [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	10 years
Minimum [Member] | Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	2 years
Maximum [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	14 years
Maximum [Member] | Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	14 years

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Schedule Of Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 1,592	$ 1,609
Amortization of capitalized purchased software costs	1,050	909
Amortization of debt costs	114	85
Total amortization	$ 2,756	$ 2,603

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets (Schedule Of Estimated Future Amortization Expense) (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (remaining nine months)	$ 4,388
2023	4,817
2024	4,817
2025	4,817
2026	$ 4,817

Borrowing Facilities - Schedule

Borrowing Facilities - Schedule of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Line Of Credit Facility [Line Items]
Less unamortized debt issuance costs	$ (1,715)	$ (1,829)
Long-term debt	402,894	324,421
Revolving Credit Facility [Member]
Line Of Credit Facility [Line Items]
Revolving credit facility	275,000	195,000
Principal amount	275,000
Term Loan Facility [Member]
Line Of Credit Facility [Line Items]
Principal amount	$ 129,609	$ 131,250

Borrowing Facilities - Narrativ

Borrowing Facilities - Narrative (Details) - USD ($)		3 Months Ended
	Dec. 21, 2021	Mar. 31, 2023	Feb. 03, 2023	Dec. 31, 2022	May 20, 2022	Jul. 20, 2018
Line Of Credit Facility [Line Items]
Credit Agreement capacity			$ 200,000,000
Credit agreement, secured by percentage of voting capital stock of each direct foreign subsidiary		65%
Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Credit Agreement capacity	$ 381,000,000					$ 650,000,000
Federal funds rate		0.50%
Description of variable interest rate basis		The Amendment also established that the interest on outstanding borrowings starting on the next reset date and any new borrowings under the Amendment (other than swingline loans) will accrue, at the Company’s option, at (a) BSBY plus the Applicable Rate (as defined in the Credit Agreement, approximately 1.00% to 2.00% per annum depending on various factors) or (b) for U.S. Dollar denominated loans, the base rate (which is the highest of (i) the federal funds rate plus 0.50%, (ii) the Bank of America, N.A. prime rate, (iii) the one month BSBY adjusted daily plus 1.00% and (iv) 1.00%). On February 3, 2023, the Company entered into Amendment No. 2 to the Credit Agreement, which increased the maximum amount of trade accounts that the Company may elect to sell at any one time to $200.0 million.
Credit Agreement covenant terms		The Credit Agreement contains certain financial covenants related to interest coverage and debt leverage, and certain customary affirmative and negative covenants, including restrictions on the Company’s ability to incur additional debt and liens, pay dividends, repurchase shares, sell assets and merge or consolidate with other persons. Amounts due under the Credit Agreement could be accelerated upon specified events of default, including a failure to pay amounts due, breach of a covenant, material inaccuracy of a representation, or occurrence of bankruptcy or insolvency, subject, in some cases, to cure periods.
Credit Agreement [Member] | BSBY Plus [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		1%
Credit Agreement [Member] | Alternate Base Rate Plus [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		1%
Credit Agreement [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		0.20%
Credit Agreement [Member] | Minimum [Member] | BSBY Plus [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		1%
Credit Agreement [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		0.30%
Credit Agreement [Member] | Maximum [Member] | BSBY Plus [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee		2%
Credit Agreement [Member] | Bank Of America Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Credit Agreement description		On July 20, 2018, the Company entered into a $650 million credit agreement (the Prior Credit Agreement) by and among the Company, certain of its subsidiaries, the lenders party thereto and Bank of America, N.A., as Administrative Agent, Swingline Lender and an L/C Issuer. The Prior Credit Agreement was comprised of a five-year $500 million revolving credit facility and a five-year $151 million term loan facility, both which had a maturity date of July 20, 2023. The term loan facility proceeds were used to (i) refinance a portion of existing indebtedness and terminate all commitments under the Company’s prior $430 million credit agreement and (ii) pay the fees, costs and expenses associated with the foregoing and the negotiation, execution and delivery of the Prior Credit Agreement.
Credit Agreement issuer		Bank of America, N.A.
Revolving Credit Facility [Member]
Line Of Credit Facility [Line Items]
Credit Agreement capacity	$ 250,000,000					500,000,000
Term period	5 years	5 years
Possible increase to total commitments under Credit Agreement		$ 100,000,000
Revolving credit facility, available for future borrowings		171,100,000				430,000,000
Principal amount		275,000,000
Letters of credit outstanding amount		$ 3,900,000
Revolving Credit Facility [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Credit Agreement capacity					$ 250,000,000
Revolving Credit Facility [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Credit Agreement capacity					$ 450,000,000
Term Loan Facility [Member]
Line Of Credit Facility [Line Items]
Term period	5 years	5 years
Credit Agreement maturity date		Jul. 20, 2023
Term Loan proceeds	$ 131,300,000					$ 151,000,000
Term Loan frequency of periodic payments		quarterly
Quarterly principal installments, Percentage		1.25%
Derivative Notional Amount		$ 129,600,000
Debt Instrument, Interest Rate, Stated Percentage		2.928%
Principal amount		$ 129,609,000		$ 131,250,000
Term Loan Facility [Member] | Interest Rate Swap [Member]
Line Of Credit Facility [Line Items]
Derivative Notional Amount		$ 120,000,000
Term Loan Facility [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Credit Agreement maturity date	Jul. 20, 2023
Term Loan Facility [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Credit Agreement maturity date	Dec. 21, 2026
Term Loan Facility [Member] | Bank Of America Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Quarterly principal installments, Percentage		0.625%

Leases - Components of lease ex

Leases - Components of lease expense, and lease assets and liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Lease Cost:
Amortization of right-of-use assets (included in depreciation expense)	$ 24	$ 24
Interest on lease liabilities	6	8
Operating lease cost	4,571	4,274
Short-term lease cost	140	80
Variable lease cost	456	469
Total lease cost	5,197	4,855
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for finance lease	6	8
Operating cash flows used for operating leases	4,435	5,316
Financing cash flows used for finance lease	43	41
Right-of-use assets obtained in exchange for new operating lease liabilities	5,406	$ 634
Assets and Liabilities, Lessee [Abstract]
Finance lease right-of-use assets (included in other assets)	$ 640		$ 664
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets, net		Other assets, net
Operating lease right-of-use assets	$ 95,156		$ 93,081
Finance lease liability, current (included in current installments of long-term debt)	$ 175		$ 173
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)	$ 311		$ 355
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)	$ 13,314		$ 12,020
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued liabilities		Accrued liabilities
Operating lease liabilities, noncurrent	$ 87,561		$ 86,687
Weighted average remaining lease term – finance leases	2 years 8 months 12 days		2 years 10 months 24 days
Weighted average remaining lease term – operating leases	9 years 3 months 18 days		9 years 9 months 18 days
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	Mar. 31, 2023 USD ($)
Operating Leases
2023 (remaining nine months)	$ 12,650
2024	15,641
2025	14,837
2026	11,511
2027	10,406
2028 and thereafter	57,617
Finance Leases
2023 (remaining three months)	145
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	Mar. 31, 2023 USD ($)
Lessee, Operating Lease, Liability, to be Paid, Gross Difference [Abstract]
Total minimum lease payments	$ 122,662
Less: imputed interest	(21,787)
Present value of lease liabilities	100,875
Finance Lease, Liability, to be Paid, Gross Difference [Abstract]
Total minimum lease payments	517
Less: imputed interest	(31)
Present value of lease liabilities	$ 486

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Operating Leased Assets [Line Items]
Operating lease expiration year	2032
Lessee, Operating Lease, Liability, Aggregate 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 ($)			3 Months Ended
	Mar. 15, 2023	Mar. 15, 2022	Mar. 31, 2023	Mar. 31, 2022	Feb. 19, 2020	Oct. 26, 2018	Mar. 06, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends paid			$ 5,800,000	$ 5,800,000
Quarterly cash dividend declared	$ 0.165	$ 0.165
Repurchase of common shares program authorized amount					$ 150,000,000	$ 100,000,000	$ 250,000,000
Repurchase of common shares remaining authorized amount			$ 154,600,000

Common Stock and Stock-Based _4

Common Stock and Stock-Based Awards Plans - Stock-Based Compensation (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares available for issuance	2.2
Compensation cost recognized for stock-based awards	$ 4.8	$ 4.2
Income tax benefit recognized in the income statement for stock-based awards	1.1	1
Total cash received as a result of stock option exercises	0.1	0.5
Tax benefit realized as a result of stock option exercises and the vesting of other share-based awards	2.2	2.1
Total intrinsic value of stock options exercised	$ 0.1	$ 0.4
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 (Schedule Of Unrecognized Compensation Cost And Remaining Weighted-Average Amortization Period) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 32,123
Remaining weighted-average amortization period	3 years
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 8,890	[1]
Remaining weighted-average amortization period	2 years 2 months 12 days	[1]
[1] Based on the probable achievement of the performance goals identified in each award.

Common Stock and Stock-Based _6

Common Stock and Stock-Based Awards Plans (Summary Of Stock Options) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares
Equity [Abstract]
Number of Options, Outstanding, Beginning balance | shares	57
Number of Options, Exercised | shares	(11)
Number of Options, Forfeited or expired | shares	(2)
Number of Options, Outstanding, Ending balance | shares	44
Weighted-Average Exercise Price, Outstanding, Beginning balance | $ / shares	$ 21.85
Weighted-Average Exercise Price, Exercised | $ / shares	17.37
Weighted-Average Exercise Price, Forfeited or expired | $ / shares	17.37
Weighted-Average Exercise Price, Outstanding, Ending balance | $ / shares	$ 23.07
Weighted-Average Remaining Contractual Term (Years), Outstanding	1 year 5 months 12 days
Aggregate Intrinsic Value, Outstanding | $	$ 28

Common Stock and Stock-Based _7

Common Stock and Stock-Based Awards Plans (Summary Of Stock-Based Awards) (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested shares outstanding, shares or units, beginning balance | shares	1,185
Granted, shares or units | shares	582
Vested, shares or units | shares	(410)
Forfeited, shares or units | shares	(9)
Non-vested shares outstanding, shares or units, ending balance | shares	1,348
Non-vested outstanding, weighted-average grant date fair value, beginning balance | $ / shares	$ 26.93
Granted, weighted-average grant date fair value | $ / shares	24.26
Vested, weighted-average grant date fair value | $ / shares	27.29
Forfeited, weighted-average grant date fair value | $ / shares	26.23
Non-vested outstanding, weighted-average grant date fair value, ending balance | $ / shares	$ 25.68
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested shares outstanding, shares or units, beginning balance | shares	545
Granted, shares or units | shares	224	[1]
Vested, shares or units | shares	(241)
Forfeited, shares or units | shares	(34)
Non-vested shares outstanding, shares or units, ending balance | shares	494
Non-vested outstanding, weighted-average grant date fair value, beginning balance | $ / shares	$ 27.62
Granted, weighted-average grant date fair value | $ / shares	25.31	[1]
Vested, weighted-average grant date fair value | $ / shares	28.30
Forfeited, weighted-average grant date fair value | $ / shares	28.02
Non-vested outstanding, weighted-average grant date fair value, ending balance | $ / shares	$ 26.21
[1] Represents target number of units that can vest based on the achievement of the performance goals.

Income Taxes - Schedule Of Inco

Income Taxes - Schedule Of Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
U.S. Federal, Current	$ 525	$ 97
State and local, Current	66	171
Foreign, Current	3,444	3,466
Deferred	(1,010)	(1,201)
Total income tax expense	$ 3,025	$ 2,533

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Income Taxes [Line Items]
Cumulative undistributed earnings of foreign subsidiaries			$ 365.2
Income tax incentives	$ 1.9	$ 1.2
Net impact of tax incentives, per diluted share	$ 0.05	$ 0.03
Unrecognized tax benefits including interest and penalties	$ 9.5
Malaysia [Member] | Maximum [Member]
Income Taxes [Line Items]
Income tax holiday extended date	10 years
Malaysia [Member] | Minimum [Member]
Income Taxes [Line Items]
Income tax holiday extended date	5 years
China [Member] | Maximum [Member]
Income Taxes [Line Items]
Income tax holidays expiration date	2026
China [Member] | Minimum [Member]
Income Taxes [Line Items]
Income tax holidays expiration date	2024
China [Member] | Earliest Tax Year [Member]
Income Taxes [Line Items]
Income tax holidays expiration date	2023
Thailand [Member]
Income Taxes [Line Items]
Income tax holidays expiration date	2030

Income Taxes - Schedule Of Tax

Income Taxes - Schedule Of Tax Incentives (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Taxes [Line Items]
Income tax incentives	$ 1,941	$ 1,190
China [Member]
Income Taxes [Line Items]
Income tax incentives	182	116
Thailand [Member]
Income Taxes [Line Items]
Income tax incentives	$ 1,759	$ 1,074

Revenue (Disaggregation Of reve

Revenue (Disaggregation Of revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 743,105	$ 663,167
Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	694,695	636,083
Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	143,526	137,146
Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	79,415	81,187
Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	137,049	116,873
Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	148,469	183,437
Operating Segments [Member] | Advanced Computing [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	95,998	55,056
Operating Segments [Member] | Next Generation Communications [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	90,238	62,384
Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	48,410	27,084
Americas [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	397,207	305,580
Americas [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	364,574	293,869
Americas [Member] | Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	29,048	18,726
Americas [Member] | Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	66,302	68,701
Americas [Member] | Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	68,282	67,979
Americas [Member] | Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	60,949	66,323
Americas [Member] | Operating Segments [Member] | Advanced Computing [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	88,604	44,626
Americas [Member] | Operating Segments [Member] | Next Generation Communications [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	51,389	27,514
Americas [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	32,633	11,711
Asia [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	268,043	287,246
Asia [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	253,067	272,479
Asia [Member] | Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	80,052	84,458
Asia [Member] | Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	7,923	7,015
Asia [Member] | Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	54,158	38,993
Asia [Member] | Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	64,737	96,818
Asia [Member] | Operating Segments [Member] | Advanced Computing [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	7,394	10,430
Asia [Member] | Operating Segments [Member] | Next Generation Communications [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	38,803	34,765
Asia [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	14,976	14,767
Europe [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	77,855	70,341
Europe [Member] | Operating Segments [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	77,054	69,735
Europe [Member] | Operating Segments [Member] | Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	34,426	33,962
Europe [Member] | Operating Segments [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	5,190	5,471
Europe [Member] | Operating Segments [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	14,609	9,901
Europe [Member] | Operating Segments [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	22,783	20,296
Europe [Member] | Operating Segments [Member] | Advanced Computing [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Europe [Member] | Operating Segments [Member] | Next Generation Communications [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	46	105
Europe [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 801	$ 606

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Disaggregation Of Revenue [Line Items]
Contract assets	$ 194,134		$ 183,613
Advance payments from customers	185,808		197,937
Customer Deposits and Prepayments of Inventory [Member]
Disaggregation Of Revenue [Line Items]
Advance payments from customers	166,700		178,900
Contractual Timing of Payments [Member]
Disaggregation Of Revenue [Line Items]
Advance payments from customers	$ 19,100		$ 18,900
Transferred Over Time [Member]
Disaggregation Of Revenue [Line Items]
Percentage Of Revenue	90.40%	89.30%

Revenue (Schedule of Significan

Revenue (Schedule of Significant Changes in Contract Assets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Change in Contract with Customer, Asset [Abstract]
Beginning balance as of December 31	$ 183,613	$ 155,243
Revenue recognized	630,774	569,191
Amounts collected or invoiced	(620,253)	(555,759)
Ending balance as of June 30	$ 194,134	$ 168,675

Accounts Receivable Sale Prog_2

Accounts Receivable Sale Programs (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Receivables [Abstract]
Increases In Maximum Limit Accounts Receivable Sale Program	$ 200
Trade Accounts Receivable Sold	152.8	$ 107.2
Amount Received From Trade Accounts Receivable Sold To Third Party	$ 151.8	$ 107

Restructuring Charges (Schedule

Restructuring Charges (Schedule Of Accrued Restructuring) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Restructuring Cost And Reserve [Line Items]
Beginning Balance	$ 3,781
Restructuring charges	1,426
Cash Payment	(2,480)
Severance costs	868
Lease Facility Cost	46
Other exit costs	512
Non-Cash Activity	0
Ending Balance	2,727
Americas [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring charges	1,346
Severance costs	834
Lease Facility Cost	0
Other exit costs	512
Asia [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring charges	34
Severance costs	34
Lease Facility Cost	0
Other exit costs	0
Europe [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring charges	46
Severance costs	0
Lease Facility Cost	46
Other exit costs	0
Severance [Member]
Restructuring Cost And Reserve [Line Items]
Beginning Balance	3,683
Restructuring charges	868
Cash Payment	(1,921)
Non-Cash Activity	0
Ending Balance	2,630
Lease Facility Costs [Member]
Restructuring Cost And Reserve [Line Items]
Beginning Balance	17
Restructuring charges	46
Cash Payment	(47)
Non-Cash Activity	0
Ending Balance	16
Other Exit Costs [Member]
Restructuring Cost And Reserve [Line Items]
Beginning Balance	81
Restructuring charges	512
Cash Payment	(512)
Non-Cash Activity	0
Ending Balance	$ 81

Restructuring Charges (Addition

Restructuring Charges (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Sep. 30, 2021
Restructuring charges	$ 1,426
Sale of equipment		$ 1,300
Loss on assets held for sale		$ 2,000
Americas [Member]
Restructuring charges	1,346
Costs Related to Asset Impairments			$ 4,400
Different Locations [Member]
Restructuring charges	$ 1,400

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Calculation Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share Reconciliation [Line Items]
Net income	$ 12,360	$ 10,960
Denominator for basic earnings per share – weighted-average number of common shares outstanding during the period	35,336	35,245
Denominator for diluted earnings per share	35,592	35,470
Basic earnings per share	$ 0.35	$ 0.31
Diluted earnings per share	$ 0.35	$ 0.31
Stock Options [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to exercise of dilutive options	6	24
Restricted Stock Units [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to exercise of dilutive options	250	201

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities to purchase common shares	0.2	0.3

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Unrealized gain (loss) on derivatives, net of tax	$ 1,148	$ 2,447
Amounts classified from accumulated other comprehensive income	400	$ 100
Interest Rate Swap [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Derivative Notional Amount	$ 120,000		$ 121,900
Fixed interest rate	2.928%	2.928%
Unrealized gain (loss) on interest rate swap	$ 100	$ 2,800
Unrealized gain (loss) on derivatives, net of tax	100	2,100
Forward Currency Exchange [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Derivative Notional Amount	42,600
Unrealized gain (loss) on interest rate swap	1,700	500
Unrealized gain (loss) on derivatives, net of tax	$ 1,200	$ 400

Financial Instruments - Summary

Financial Instruments - Summary of Fair Values of Derivative Instruments (Details) - Other Current Assets [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Forward currency exchange contracts [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Fair value of forward currency exchange contracts	$ 2,071	$ 407
Interest Rate Swap [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Fair value of interest rate swap	$ 507	$ 639

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule Of Accumulated Other Comprehensive Loss By Component) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	$ (16,233)	$ (17,158)
Other comprehensive gain (loss) before reclassifications	2,852	1,188
Amounts reclassified from accumulated other comprehensive loss	(428)	83
Net current period other comprehensive gain (loss)	2,424	1,271
Accumulated other comprehensive loss, net of tax, ending balance	(13,809)	(15,887)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	(15,877)	(12,729)
Other comprehensive gain (loss) before reclassifications	1,050	(1,155)
Amounts reclassified from accumulated other comprehensive loss	0	0
Net current period other comprehensive gain (loss)	1,050	(1,155)
Accumulated other comprehensive loss, net of tax, ending balance	(14,827)	(13,884)
Derivative Instruments, Net of Tax [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	788	(3,372)
Other comprehensive gain (loss) before reclassifications	1,576	2,364
Amounts reclassified from accumulated other comprehensive loss	(428)	83
Net current period other comprehensive gain (loss)	1,148	2,447
Accumulated other comprehensive loss, net of tax, ending balance	1,936	(925)
Other [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	(1,144)	(1,057)
Other comprehensive gain (loss) before reclassifications	226	(21)
Amounts reclassified from accumulated other comprehensive loss	0	0
Net current period other comprehensive gain (loss)	226	(21)
Accumulated other comprehensive loss, net of tax, ending balance	$ (918)	$ (1,078)

Segment And Geographic Inform_3

Segment And Geographic Information (Operating Segments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Sales	$ 694,695	$ 636,083
Depreciation and amortization	11,100	10,897
Income from operations	22,742	15,407
Interest expense	(6,450)	(1,750)
Interest income	1,258	130
Other expense	(2,165)	(294)
Income before income taxes	15,385	13,493
Capital expenditures	38,731	17,975
Total assets	2,278,648		$ 2,227,331
Elimination Of Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Sales	(48,411)	(27,084)
Corporate And Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income from operations	(26,059)	(27,402)
Americas [Member]
Segment Reporting Information [Line Items]
Sales	397,208	305,580
Depreciation and amortization	5,132	4,855
Income from operations	13,331	10,365
Capital expenditures	23,109	12,516
Total assets	1,118,529		1,055,533
Asia [Member]
Segment Reporting Information [Line Items]
Sales	268,043	287,246
Depreciation and amortization	2,351	2,547
Income from operations	28,784	27,806
Capital expenditures	7,548	3,928
Total assets	774,147		764,164
Europe [Member]
Segment Reporting Information [Line Items]
Sales	77,855	70,341
Depreciation and amortization	778	804
Income from operations	6,686	4,638
Capital expenditures	1,688	1,797
Total assets	188,513		183,443
Corporate [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	2,839	2,691
Capital expenditures	6,386	$ (266)
Total assets	$ 197,459		$ 224,191

Segment And Geographic Inform_4

Segment And Geographic Information (Schedule Of Geographic Net Sales And Long-Lived Assets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Geographic net sales	$ 694,695	$ 636,083
Long-lived assets	382,799		$ 370,831
United States [Member]
Segment Reporting Information [Line Items]
Geographic net sales	431,185	329,110
Long-lived assets	248,769		249,409
Asia [Member]
Segment Reporting Information [Line Items]
Long-lived assets	72,094		68,283
Singapore [Member]
Segment Reporting Information [Line Items]
Geographic net sales	86,956	105,672
Other Asia [Member]
Segment Reporting Information [Line Items]
Geographic net sales	45,253	74,910
Europe [Member]
Segment Reporting Information [Line Items]
Geographic net sales	104,693	99,265
Long-lived assets	29,191		29,338
Other Foreign [Member]
Segment Reporting Information [Line Items]
Geographic net sales	26,608	$ 27,126
Long-lived assets	$ 32,745		$ 23,801

Supplemental Cash Flow and No_3

Supplemental Cash Flow and Non-Cash Information (Schedule Of Supplemental Cash Flow and Non-Cash Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Supplemental Cash Flow Information [Abstract]
Income taxes paid, net	$ 4,428	$ 3,478
Interest paid	5,874	1,562
Non-cash investing activity:
Additions to property, plant and equipment in accounts payable	$ 5,555	$ 3,744

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) - USD ($)		3 Months Ended
	May 01, 2023	Mar. 31, 2023	Feb. 03, 2023	May 20, 2022	Dec. 21, 2021	Jul. 20, 2018
Subsequent Event [Line Items]
Credit Agreement capacity			$ 200,000,000
Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Credit Agreement capacity					$ 250,000,000	$ 500,000,000
Revolving Credit Facility [Member] | Maximum [Member]
Subsequent Event [Line Items]
Credit Agreement capacity				$ 450,000,000
Revolving Credit Facility [Member] | Maximum [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Credit Agreement capacity	$ 550,000,000
Revolving Credit Facility [Member] | Minimum [Member]
Subsequent Event [Line Items]
Credit Agreement capacity				$ 250,000,000
Revolving Credit Facility [Member] | Minimum [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Credit Agreement capacity	$ 450,000,000
Credit Agreement [Member]
Subsequent Event [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%). On February 3, 2023, the Company entered into Amendment No. 2 to the Credit Agreement, which increased the maximum amount of trade accounts that the Company may elect to sell at any one time to $200.0 million.
Federal funds rate		0.50%
Credit Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Description of variable interest rate basis	Amendment No. 3 also established that the interest on outstanding borrowings starting on the next reset date and any new borrowings under Amendment No. 3 (other than swingline loans) will accrue, at the Company’s option, at (a) Term Secured Overnight Financing Rate (SOFR) plus 0.10% 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) Term SOFR plus 1.00% and (iv) 1.00%).
Federal funds rate	0.50%
Credit Agreement [Member] | Maximum [Member]
Subsequent Event [Line Items]
U.S. Credit facility, commitment fee		0.30%
Credit Agreement [Member] | Minimum [Member]
Subsequent Event [Line Items]
U.S. Credit facility, commitment fee		0.20%
Credit Agreement [Member] | Secured Overnight Financing Rate (SOFR) [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt Instrument, variable interest rate	0.10%
U.S. Credit facility, commitment fee	1%
Credit Agreement [Member] | Secured Overnight Financing Rate (SOFR) [Member] | Maximum [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
U.S. Credit facility, commitment fee	2%
Credit Agreement [Member] | Secured Overnight Financing Rate (SOFR) [Member] | Minimum [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
U.S. Credit facility, commitment fee	1%
Credit Agreement [Member] | Base Rate [Member]
Subsequent Event [Line Items]
U.S. Credit facility, commitment fee		1%
Credit Agreement [Member] | Base Rate [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
U.S. Credit facility, commitment fee	1%