Benchmark Electronics (BHE) 10-Q 2 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	May 01, 2024
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	2024
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Document Period End Date	Mar. 31, 2024
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		36,045,777

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 296,055	$ 277,391
Restricted cash	0	5,822
Accounts receivable, net of allowance for doubtful accounts of $390 and $470, respectively	417,396	449,404
Contract assets	180,814	174,979
Inventories	637,675	683,801
Prepaid expenses and other current assets	46,673	44,350
Total current assets	1,578,613	1,635,747
Property, plant and equipment, net	223,992	227,698
Operating lease right-of-use assets	128,395	130,830
Goodwill	192,116	192,116
Deferred income taxes	27,873	26,943
Other long-term assets	61,821	61,421
Total assets	2,212,810	2,274,755
Current liabilities:
Current installments of long-term debt	5,105	4,283
Accounts payable	348,374	367,480
Advance payments from customers	189,153	204,883
Income taxes payable	24,400	22,225
Accrued liabilities	100,787	114,676
Total current liabilities	667,819	713,547
Long-term debt, net of current installments	310,117	326,674
Operating lease liabilities	119,958	123,385
Other long-term liabilities	29,749	32,064
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 - 36,014 and 35,664, respectively	3,601	3,566
Additional paid-in capital	525,596	528,842
Retained earnings	568,590	560,537
Accumulated other comprehensive loss	(12,620)	(13,860)
Total shareholders’ equity	1,085,167	1,079,085
Total liabilities and shareholders' equity	$ 2,212,810	$ 2,274,755

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, accounts receivable	$ 390	$ 470
Preferred shares, par value	$ 0.1	$ 0.1
Preferred shares, shares authorized	5,000	5,000
Preferred shares, issued	0	0
Common stock, par value	$ 0.1	$ 0.1
Common stock, shares authorized	145,000	145,000
Common stock, issued	36,014	35,664
Common stock, outstanding	36,014	35,664

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Sales	$ 675,575	$ 694,695
Cost of sales	608,167	630,737
Gross profit	67,408	63,958
Selling, general and administrative expenses	37,332	38,198
Amortization of intangible assets	1,204	1,592
Restructuring charges and other costs	3,343	1,426
Income from operations	25,529	22,742
Interest expense	(7,245)	(6,450)
Interest income	1,992	1,258
Other expense, net	(1,177)	(2,165)
Income before income taxes	19,099	15,385
Income tax expense	5,097	3,025
Net income	$ 14,002	$ 12,360
Earnings per share:
Basic	$ 0.39	$ 0.35
Diluted	$ 0.38	$ 0.35
Weighted-average number of shares outstanding:
Basic	35,810	35,336
Diluted	36,401	35,592

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ 14,002	$ 12,360
Other comprehensive income:
Foreign currency translation adjustments	(1,537)	1,050
Unrealized gain on derivatives, net of tax	2,734	1,148
Other	43	226
Total other comprehensive income	1,240	2,424
Comprehensive income	$ 15,242	$ 14,784

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, 2022	$ 1,026,416	$ 3,516	$ 519,238	$ 519,895	$ (16,233)
Balances, shares at Dec. 31, 2022		35,164
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	12,360			12,360
Other comprehensive income	2,424				2,424
Dividends declared	(5,878)			(5,878)
Stock-based compensation expense	4,790		4,790
Stock options exercised, value	68	$ 1	67
Stock options exercised, shares		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)
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	35,664	35,589
Beginning Balances, value at Dec. 31, 2023	$ 1,079,085	$ 3,566	528,842	560,537	(13,860)
Balances, shares at Dec. 31, 2023		35,664
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	14,002			14,002
Other comprehensive income	1,240				1,240
Dividends declared	(5,949)			(5,949)
Stock-based compensation expense	2,176		2,176
Stock options exercised, value	371	$ 2	369
Stock options exercised, shares		18
Vesting of restricted stock units, value		$ 53	(53)
Vesting of restricted stock units, shares		527
Shares withheld for taxes, value	(5,758)	$ (20)	(5,738)
Shares withheld for taxes, shares		(195)
Ending Balances, value at Mar. 31, 2024	$ 1,085,167	$ 3,601	$ 525,596	$ 568,590	$ (12,620)
End Balances, shares at Mar. 31, 2024	36,014	36,014

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 14,002	$ 12,360
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	9,054	8,320
Amortization	2,540	2,780
Stock-based compensation expense	2,176	4,790
Provision for doubtful accounts	390	0
Deferred income taxes	(1,847)	(1,010)
Loss on the sale of property, plant and equipment	15	11
Changes in operating assets and liabilities
Accounts receivable	30,960	30,398
Contract assets	(5,835)	(10,521)
Inventories	45,222	(49,864)
Prepaid expenses and other assets	(2,957)	(3,712)
Accounts payable	(20,259)	15,375
Advance payments from customers	(15,730)	(12,129)
Accrued liabilities	(11,833)	(21,348)
Operating leases	121	9
Income taxes	2,438	(365)
Net cash provided by (used in) operating activities	48,457	(24,906)
Cash flows from investing activities:
Additions to property, plant and equipment	(5,183)	(35,926)
Additions to capitalized purchased software	(720)	(2,805)
Proceeds from the sale of property, plant and equipment	0	19
Other, net	(251)	0
Net cash used in investing activities	(6,154)	(38,712)
Cash flows from financing activities:
Borrowings under credit agreement	175,000	230,000
Principal payments on credit agreement	(190,820)	(151,641)
Dividends paid	(5,889)	(5,806)
Employee taxes paid for with shares withheld	(5,758)	(5,554)
Proceeds from stock options exercised	371	68
Principal payments on finance leases	(45)	(43)
Net cash (used in) provided by financing activities	(27,141)	67,024
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(2,320)	854
Net increase in cash, cash equivalents and restricted cash	12,842	4,260
Cash, cash equivalents and restricted cash at the beginning of the year	283,213	207,430
Cash, cash equivalents and restricted cash at the end of the period	$ 296,055	$ 211,690

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 14,002	$ 12,360

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation Benchmark Electronics, Inc. (the Company) is a Texas corporation that provides advanced manufacturing services, which 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: complex industrials, aerospace and defense (A&D), medical technologies, semiconductor capital equipment (semi-cap), advanced computing and next-generation communications. 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. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2023 (the 2023 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, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	Note 2 – New Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures (Topic 740) (ASU 2023-09), which improves the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. The ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the guidance and its impact to the financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07), which requires public entities disclose information about their reportable segments' oversight and significant expenses on an interim and annual basis. The ASU is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the guidance and its impact to the financial statements. The Company does not believe that any other recently issued accounting standards will 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, 2024
Inventory Disclosure [Abstract]
Inventories	Note 3 – Inventories Inventory costs are summarized as follows: March 31, December 31, (in thousands) 2024 2023 Raw materials $ 614,382 $ 659,210 Work in process 20,735 22,088 Finished goods 2,558 2,503 Total inventories $ 637,675 $ 683,801

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2024
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 operating segments follows: (in thousands) Americas Asia Total Goodwill as of March 31, 2024 and December 31, 2023 $ 154,014 $ 38,102 $ 192,116 A summary of the Company’s acquired identifiable intangible assets and capitalized purchased software costs follows: (in thousands) Gross Accumulated Net Customer relationships $ 100,081 $ ( 73,121 ) $ 26,960 Capitalized purchased software costs 46,097 ( 30,842 ) 15,255 Technology licenses 15,500 ( 15,500 ) — Trade names and trademarks 7,800 — 7,800 Other 868 ( 410 ) 458 Total intangible assets as of March 31, 2024 $ 170,346 $ ( 119,873 ) $ 50,473 (in thousands) Gross Accumulated Net Customer relationships $ 100,105 $ ( 71,947 ) $ 28,158 Capitalized purchased software costs 45,062 ( 30,463 ) 14,599 Technology licenses 15,500 ( 15,500 ) — Trade names and trademarks 7,800 — 7,800 Other 869 ( 404 ) 465 Total intangible assets as of December 31, 2023 $ 169,336 $ ( 118,314 ) $ 51,022 A summary of the components of amortization expense, as presented in the consolidated statements of cash flows, follows: Three Months Ended (in thousands) 2024 2023 Amortization of intangible assets $ 1,204 $ 1,592 Amortization of capitalized purchased software costs 1,207 1,074 Amortization of debt costs 129 114 Total amortization expense $ 2,540 $ 2,780 A summary of the future amortization expense related to the Company ’ s intangible assets held as of March 31, 2024 for each of the next five years follows: Year ending December 31, Amortization Remaining nine months of 2024 $ 3,613 2025 4,817 2026 4,817 2027 4,817 2028 4,817 2029 4,216

Borrowing Facilities

Borrowing Facilities	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Borrowing Facilities	Note 5 – Borrowing Facilities Long-term debt consists of the following: March 31, December 31, (in thousands) 2024 2023 Revolving credit facility $ 190,000 $ 205,000 Term loan 126,328 127,148 Less: Unamortized debt issuance costs ( 1,417 ) ( 1,546 ) Total long-term debt, including current installments $ 314,911 $ 330,602 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 of which had a maturity date of July 20, 2023 . The term loan facility proceeds were used to (i) refinance a portion of existing indebtedness and terminate all commitments under the Company’s prior $ 430 million credit agreement and (ii) pay the fees, costs and expenses associated with the foregoing and the negotiation, execution and delivery of the Prior Credit Agreement. On December 21, 2021, the Company amended and restated the Prior Credit Agreement by entering into a $ 381 million amended and restated credit agreement (the Amended and Restated Credit Agreement). The Amended and Restated Credit Agreement is comprised of a five-year $ 250 million revolving credit facility (the Revolving Credit Facility) and a five-year $ 131.3 million term loan facility (the Term Loan Facility), and the maturity date of the original revolving credit facility and term loan facility was extended 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) the Bloomberg Short Term Bank Yield Index (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 rate 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 receivable that the Company may elect to sell at any one time to $ 200.0 million. On May 1, 2023, the Company entered into Amendment No. 3 to the Credit Agreement (Amendment No. 3), which 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) the 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 %). 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. On December 31, 2024, the quarterly principal installments on the Term Loan Facility increased to 1.25 % of the initial aggregate term loan advances to be paid. As of March 31, 2024, a portion of the $ 126.3 million outstanding debt under the Credit Agreement is effectively at a fixed interest rate of 4.039 % as a result of a $ 126.3 million notional interest rate swap contract, which is discussed in Note 14. A commitment fee of 0.20 % to 0.30 % per annum (based on the debt to EBITDA ratio) on the unused portion of the Revolving Credit Facility is payable quarterly in arrears. The Credit Agreement is generally secured by a pledge of (a) all the capital stock of the Company’s domestic subsidiaries and 65 % of the capital stock of its directly owned foreign subsidiaries, (b) all or substantially all other personal property of 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 c ovenant, material inaccuracy of a representation, or occurrence of bankruptcy or insolvency, subject, in some cases, to cure periods. As of March 31, 2024, the Company had $ 126.3 million in borrowings outstanding under the Term Loan Facility, $ 190.0 million in borrowings outstanding under the Revolving Credit Facility, and $ 4.4 million in letters of credit outstanding under the Revolving Credit Facility. As of March 31, 2024, the Company had $ 355.6 million available for future borrowings under the Revolving Credit Facility subject to compliance with financial covenants as to interest coverage and debt leverage, in addition to other debt covenant restrictions.

Leases

Leases	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Leases	Note 6 – Leases The Company determines if a contract is or contains a lease at inception. The Company leases certain facilities, vehicles and other equipment. The Company’s leases primarily consist of operating leases which expire at various dates through 2036. Variable lease payments are generally expensed as incurred and primarily include certain index-based changes in rent and certain non-lease components, such as maintenance and other services provided by the lessor. The components of lease expense were as follows: Three Months Ended (in thousands) 2024 2023 Finance lease costs: Amortization of right-of-use assets (included in depreciation expense) $ — $ 24 Interest on lease liabilities 4 6 Operating lease costs 5,510 4,571 Short-term lease costs 226 140 Variable lease costs 473 456 Total lease costs $ 6,213 $ 5,197 A summary of cash flow information related to leases follows: Three Months Ended (in thousands) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases $ 5,199 $ 4,435 Operating cash flows used for finance leases 4 6 Financing cash flows used for finance leases 45 43 Right-of-use assets obtained in exchange for new operating lease liabilities 2,059 5,406 A summary of other information about the Company's leases follows: March 31, December 31, (dollars in thousands) 2024 2023 Operating lease right-of-use assets $ 128,395 $ 130,830 Finance lease liabilities, current (included in current installments of long-term debt) $ 184 $ 181 Finance lease liabilities, noncurrent (included in long-term debt) $ 127 $ 174 Operating lease liabilities, current (included in accrued liabilities) $ 16,598 $ 15,486 Operating lease liabilities, noncurrent $ 119,958 $ 123,385 Weighted average remaining lease term – finance leases 1.7 years 1.9 years Weighted average remaining lease term – operating leases 9.4 years 9.7 years Weighted average discount rate – finance leases 4.8 % 4.8 % Weighted average discount rate – operating leases 4.6 % 4.5 % A summary of the Company's future annual minimum lease payments as of March 31, 2024 follows (in thousands): Year ending December 31, Operating Finance Remaining nine months of 2024 $ 16,491 $ 145 2025 21,139 178 2026 16,982 — 2027 15,698 — 2028 14,932 — 2029 and thereafter 84,152 — Total minimum lease payments 169,394 323 Less: imputed interest ( 32,838 ) ( 12 ) Total present value of lease liabilities $ 136,556 $ 311

Common Stock and Stock-Based Aw

Common Stock and Stock-Based Awards	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Common Stock and Stock-Based Awards	Note 7 – Common Stock and Stock-Based Awards Dividends On March 11, 2024, 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 29, 2024. The dividend of $ 5.9 million was paid on April 12, 2024. The Board of Directors currently intends to continue paying quarterly dividends. However, the Company’s future dividend policy is subject to the Company’s compliance with applicable laws, 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 Board of Directors may deem relevant. Dividend payments are not mandatory or guaranteed and no assurance is made that the Company will continue to pay a dividend in the future. Share Repurchase Authorization On March 6, 2018, the Board of Directors approved an expanded share repurchase authorization granting the Company authority to repurchase up to $ 250 million in common stock in addition to the $ 100 million previously approved on December 7, 2015. On October 26, 2018 and February 19, 2020, the Board of Directors authorized the repurchase of an additional $ 100 million and $ 150 million of the Company’s common stock, respectively. Share purchases may be made in the open market, in privately negotiated transactions or block transactions, at the discretion of the Company’s management and as market conditions warrant. Purchases will be funded from available cash and may be commenced, suspended or discontinued at any time without prior notice. Shares repurchased under the program are retired. The Company did no t repurchase shares during the three months ended March 31, 2024. As of March 31, 2024, the Company had $ 154.6 million remaining under share repurchase authorizations. Stock-Based Compensation Under the 2019 Omnibus Incentive Compensation Plan (as amended, the 2019 Plan), the Company, upon approval of the Compensation Committee of the Board of Directors, may grant stock options, restricted shares, restricted stock units (both time-based and performance-based) and certain other forms of equity awards, or any combination thereof, to any director, officer, employee or consultant (including any prospective director, officer, employee or consultant) of the Company. Stock options (which have not been awarded since 2015) are granted to employees with an exercise price equal to the market price of the Company’s common stock on the date of grant, generally vest over a four-year period from the date of grant and typically have a term of 10 years. Time-based restricted stock units granted to employees generally vest over a three-year or four-year period from the date of grant and are subject to continued employment with 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 historically been in the form of restricted stock units, which vest annually, starting on the grant date. As of March 31, 2024, the Company had 1.8 million common shares available for issuance under the 2019 Plan. All share-based payments to employees of the Company, including grants of employee stock options (last awarded in 2015), are recognized in the consolidated financial statements based on their grant date fair values. The total compensation costs recognized for stock-based awards were $ 2.2 million and $ 4.8 million for the three months ended March 31, 2024 and 2023, respectively. The future tax benefit of these stock-based awards as of the grant date was $ 0.5 million and $ 1.1 million for the three months ended March 31, 2024 and 2023, respectively. The fair value of stock option grants is estimated on the date of grant using the Black-Scholes option pricing model. The fair values of restricted stock units and performance-based restricted stock units are determined based on the closing market price of the Company’s common stock on the date of grant. For performance-based restricted stock units, compensation cost is calculated taking into consideration the probability that the underlying performance goals will be achieved, which is monitored by management throughout the requisite service period. When it becomes probable, based on management’s expectation of the Company’s performance during the measurement period, that more or less than the previous estimate of the awarded shares will vest, an adjustment to compensation cost is recognized as a change in accounting estimate in the period the change is determined. As of March 31, 2024, the unrecognized compensation costs and remaining weighted-average amortization periods related to stock-based awards were as follows: (in thousands) Time- Performance- Unrecognized compensation cost $ 31,953 $ 7,395 Remaining weighted-average amortization period 2.6 years 2.5 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, 2024 and 2023 was $ 0.4 million and $ 0.1 million, respectively. The actual tax benefit realized as a result of stock option exercises and the vesting of other share-based awards for the three months ended March 31, 2024 and 2023 were $ 2.6 million and $ 2.2 million, respectively. For the three months ended March 31, 2024 and 2023, the total intrinsic value of stock options exercised were less than $ 0.1 million and $ 0.1 million, respectively. For performance-based restricted stock units granted during the three months ended March 31, 2024 and 2023, the number of performance-based restricted stock units that will ultimately be earned will not be determined until the end of the respective 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 and years) Number of Weighted- Weighted- Aggregate Outstanding as of December 31, 2023 37 $ 23.07 Exercised ( 26 ) 23.05 Forfeited or expired ( 2 ) 22.99 Outstanding and exercisable as of March 31, 2024 9 23.14 0.9 $ 64 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, 2024 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, 2023 1,246 $ 25.43 Granted 539 29.62 Vested ( 388 ) 26.29 Forfeited ( 102 ) 26.51 Non-vested awards outstanding as of March 31, 2024 1,295 26.87 The following table summarizes the activities related to the Company’s performance-based restricted stock units: (in thousands, except per share data) Number of Weighted- Non-vested awards outstanding as of December 31, 2023 442 $ 26.12 Granted (1) 198 29.62 Vested ( 139 ) 28.60 Forfeited ( 77 ) 26.61 Non-vested awards outstanding as of March 31, 2024 424 26.82 (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, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 8 – Income Taxes Income tax expense consists of the following: Three Months Ended (in thousands) 2024 2023 Current: U.S. Federal $ ( 445 ) $ 525 State and local 115 66 Foreign 7,274 3,444 Deferred ( 1,847 ) ( 1,010 ) Total income tax expense $ 5,097 $ 3,025 Income tax expense differs from the amount computed by applying the U.S. federal statutory income tax rate to income (loss) 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), the U.S. tax under the global intangible low-taxed income (GILTI) provisions, and the Global Minimum Tax (GMT) as defined under the Pillar Two directives of the Organization of Economic Co-operation and Development (OECD) for those international countries that have adopted the specific requirements of the Pillar Two directives. GILTI requires the Company to include in its U.S federal 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. The GMT has been adopted by several international countries where the Company conducts its manufacturing operations. The adoption by these countries of the GMT requires that the Company's applicable foreign subsidiaries include in their income tax expense an additional “top-up” tax that achieves a corporate minimum effective tax rate of 15% if the overall adjusted effective tax rate is less than 15%. The Company has included in its income tax expense for the three months ended March 31, 2024 an estimated amount of GMT for its foreign subsidiaries as required under the applicable GMT rules of the countries that have adopted the Pillar Two directives. As of March 31, 2024, the Company has a total Transition Tax liability of $ 36.2 million. The Company intends to pay this liability over the remaining two-year payment period as prescribed by the U.S. Tax Reform and regulatory guidance issued by the Internal Revenue Service (IRS). As of March 31, 2024, the Company expects to pay $ 16.1 million of the remaining liability in 2024 and $ 20.1 million in 2025. The current portion of the transition tax liability is accrued in other accrued liabilities and the long-term portion of the transition tax liability is accrued in other long-term liabilities on the condensed consolidated balance sheets. As of December 31, 2023, the Company had approximately $ 477.2 million in cumulative undistributed foreign earnings of its foreign subsidiaries. These earnings are not subject to U.S. federal income tax if distributed to the Company. The Company changed its assertion during 2018 on its foreign subsidiaries earnings that are permanently reinvested. A certain amount of earnings from specific foreign subsidiaries are permanently reinvested, and certain foreign earnings from other specific foreign subsidiaries 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 the 2017 Transition Tax, the U.S. tax on GILTI and any applicable foreign or local withholding taxes. The Company estimates that it has approximately $ 9.1 million of unrecognized deferred tax liabilities related to any remaining undistributed permanently reinvested foreign earnings that have not already been subject to the 2017 Transition Tax, the U.S. tax on GILTI, and any applicable foreign income tax or local withholding tax on cash distributions. The Company has been granted certain tax incentives, including tax holidays, for its subsidiaries in Thailand, China and Malaysia that expire at various dates, unless extended or otherwise renegotiated and are subject to certain conditions with which the Company expects to comply. The tax incentives in Thailand will expire on December 31, 2030 . The tax incentives in China expired on December 31, 2023 and the tax incentives in Malaysia expired on March 31, 2021 . The Company will apply for a continuation of the Malaysia tax holiday, which will extend the tax incentive period for five to ten years if approved. The Company will also apply for a China tax holiday in 2024 . There is no guarantee of being awarded these tax incentives in the future. The net impact of these tax incentives was to lower foreign income tax expense for the three months ended March 31, 2024 and 2023 by approximately $ 0.8 million (approximately $ 0.02 per diluted share) and $ 1.9 million (approximately $ 0.05 per diluted share), respectively. A summary of the Company's tax incentives follows: Three Months Ended (in thousands) 2024 2023 Thailand $ 804 $ 1,759 China — 182 Total tax incentives $ 804 $ 1,941 As of March 31, 2024, the total amount of the Company’s reserve for uncertain tax benefits, including interest and penalties, was $ 9.9 million. The reserve is classified as a current or long-term liability on the condensed consolidated balance sheets based on the Company’s expectation of when the items will be settled. If the reserve for uncertain tax benefits was recognized, the effect would be $ 9.9 million. The Company records interest expense and penalties accrued in relation to uncertain income tax benefits as a component of current income tax expense on the condensed consolidated statements of income. The Company and its subsidiaries in Brazil, China, Ireland, Malaysia, Mexico, Netherlands, Romania, Singapore, Thailand and the United States remain open to examination by the various local taxing authorities, in total or in part, for fiscal years 2017 to 2023. During the course of such income tax examinations, disputes may occur as to matters of fact or law. Also, in most tax jurisdictions, the passage of time without examination will result in the expiration of applicable statutes of limitations thereby precluding examination of the tax period(s) for which such statute of limitation has expired. The Company believes that it has adequately provided for its tax liabilities.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2024
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. Customers are generally billed when the product is shipped or as services are performed. Under the majority of the Company’s manufacturing contracts with customers, the customer controls all of the work-in-progress as products are being built. Revenues under these contracts are recognized progressively based on the cost-to-cost method. For other manufacturing contracts, the customer does not take control of the product until it is completed. Under these contracts, the Company recognizes revenue upon transfer of control of the product to the customer, which is generally when goods are shipped. Revenue from design, development and engineering services is recognized over time as the services are performed. The Company assumes no significant obligations after shipment as it typically warrants workmanship only. Therefore, the warranty provisions are generally not significant. If the Company records revenue, but does not issue an invoice, a contract asset is recognized. The contract asset is transferred to trade accounts receivable when the entitlement to payment becomes unconditional. Taxes assessed by governmental authorities that are imposed on and concurrent with a specific revenue-producing transaction and 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 The following tables provide a summary of the Company ’s revenue disaggregated by market sector and a reconciliation of the disaggregated revenue to the Company’s revenue by reportable operating segment: Three Months Ended March 31, 2024 (in thousands) Americas Asia Europe Total Market sector: Semi-Cap $ 53,658 $ 81,899 $ 30,382 $ 165,939 Complex Industrials 29,650 84,211 27,171 141,032 Medical 61,863 42,226 10,638 114,727 A&D 86,863 9,122 9,849 105,834 Advanced Computing 83,184 7,345 — 90,529 Next-Generation Communications 33,448 24,049 17 57,514 External revenue 348,666 248,852 78,057 675,575 Elimination of intersegment sales 23,663 8,964 2,439 35,066 Segment revenue $ 372,329 $ 257,816 $ 80,496 $ 710,641 Three Months Ended March 31, 2023 (in thousands) Americas Asia Europe Total Market sector: Semi-Cap $ 60,949 $ 64,737 $ 22,783 $ 148,469 Complex Industrials 29,048 80,052 34,426 143,526 Medical 68,282 54,158 14,609 137,049 A&D 66,302 7,923 5,190 79,415 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 The timing of revenue recognition, billings and cash collections results in billed accounts receivable, contract assets and advance payments from customers. During the three months ended March 31, 2024 and 2023, 85.3 % and 87.9 % , respectively, of the Company’s revenue was recognized as products and services that were transferred over time. Contract assets primarily relate to the Company’s right to consideration for work completed but not billed to the customer as of period end. Contract asset balances are transferred to trade accounts receivable when the rights become unconditional. A summary of activity related to the Company ’s contract assets follows: Three Months Ended (in thousands) 2024 2023 Balance as of the beginning of the year $ 174,979 $ 183,613 Revenue recognized 577,000 630,774 Amounts collected or invoiced ( 571,165 ) ( 620,253 ) Balance as of the end of the period $ 180,814 $ 194,134 As of March 31, 2024 and December 31, 2023, the Company had $ 189.2 million and $ 204.9 million, respectively, in advance payments from customers. Of those amounts, $ 176.2 million and $ 191.6 million, respectively, were customer deposits and prepayments of inventory and $ 13.0 million and $ 13.3 million, respectively, were related to the contractual timing of payments. The advance payments are not considered a significant financing component because they are used to meet working capital demands of a contract, offset inventory risks and protect the Company from the failure of other parties to fulfill obligations under a contract.

Accounts Receivable Sale Progra

Accounts Receivable Sale Programs	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Accounts Receivable Sale Programs	Note 10 – Accounts Receivable Sale Programs As of March 31, 2024, 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, 2024 and 2023, the Company sold $ 135.1 million and $ 152.8 million, respectively, of accounts receivable under these programs, and in exchange, the Company received cash proceeds of $ 134.1 million and $ 151.8 million, respectively, net of the discount. The Company recognizes the loss on sale resulting from the discount in other expense, net in its consolidated statements of income.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2024
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 and Other

Restructuring Charges and Other Costs	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring Charges and Other Costs	Note 12 – Restructuring Charges and Other Costs 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 Company’s restructuring process entails moving production between facilities, reducing staff levels, realigning business processes, reorganizing management and other activities. During the three months ended March 31, 2024, the Company recognized $ 3.3 million of restructuring charges, which primarily related to capacity and workforce reductions at its sites in the Americas. During the three months ended March 31, 2023 , the Company recognized $ 1.4 million of restructuring charges, which primarily related to the previously announced closures of its sites in Moorpark, California and other smaller activities involving capacity and workforce reductions at other facilities. The operations at the Moorpark, California facility ceased as of March 31, 2023 and the related restructuring activity was substantially completed as of December 31, 2023. The components of restructuring charges were as follows: Three Months Ended March 31, 2024 (in thousands) Americas Asia Europe Total Severance costs $ 2,617 $ 371 $ — $ 2,988 Lease facility costs — — — — Other exit costs 355 — — 355 Total restructuring charges $ 2,972 $ 371 $ — $ 3,343 The changes in the Company ’s accrued restructuring costs were as follows: (in thousands) Balances as of Restructuring Cash Non-Cash Balances as of Severance $ 35 $ 2,988 $ ( 3,023 ) $ — $ — Lease facility costs 9 — ( 1 ) — 8 Other exit costs 81 355 ( 436 ) — — Total accrued restructuring costs $ 125 $ 3,343 $ ( 3,460 ) $ — $ 8

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Note 13 – Earnings Per Share Basic earnings per share is computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed using the weighted-average number of common shares outstanding adjusted for the incremental shares attributed to outstanding stock equivalents. Stock equivalents include common shares issuable upon the exercise of stock options and other equity instruments and are computed using the treasury stock method. Under the treasury stock method, the exercise price of a share and the amount of compensation cost, if any, for future service that the Company has not yet recognized are assumed to be used to repurchase shares in the current period. The following table sets forth the calculation of the Company's basic and diluted earnings per share: Three Months Ended (in thousands, except per share data) 2024 2023 Net income $ 14,002 $ 12,360 Denominator for basic earnings per share 35,810 35,336 Incremental common shares attributable to outstanding restricted stock units 586 250 Incremental common shares attributable to exercise of dilutive options 5 6 Denominator for diluted earnings per share 36,401 35,592 Earnings per share: Basic $ 0.39 $ 0.35 Diluted $ 0.38 $ 0.35 During the three months ended March 31, 2024 and 2023 , there were no anti-dilutive stock options excluded from the computation of diluted earnings per share. Restricted stock units totaling less than 0.1 million and 0.2 million common shares for the three months ended March 31, 2024 and 2023 , respectively, were excluded from the computation of diluted earnings per share.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2024
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, long-term debt, interest rate swaps and foreign currency hedges. For cash equivalents, accounts receivable, other receivables, accounts payable and accrued liabilities, the Company believes that the carrying values of its financial instruments approximate the fair values because of their short-term nature. For borrowings under the Credit Agreement in long-term debt, the Company believes that the fair value approximates the carrying value because the interest rates are variable. 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. The fair value of the Company’s derivative instruments follows: March 31, December 31, (in thousands) Balance Sheet Location 2024 2023 Derivatives designated as Forward currency exchange contracts Other long-term assets $ 3,950 $ 2,664 Interest rate swap agreement Other long-term liabilities ( 93 ) ( 2,458 ) Forward Currency Exchange Contracts The Company utilizes forward currency exchange contracts to manage its foreign currency exposure. The Company enters into forward currency exchange contracts for its operations in Mexico, Europe and Asia. These instruments are designated as cash flow hedges and the changes in fair value of the derivatives are recorded in accumulated other comprehensive loss on the consolidated balance sheet until earnings are affected by the variability of the cash flows. The fair value estimates for the Company’s forward currency exchange contracts are 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. During the three months ended March 31, 2024, the Company recorded an unrealized gain of $ 1.3 million ($ 0.9 million net of tax) on its forward currency exchange contracts in other comprehensive income (loss) and transferred unrealized gains of $ 0.9 million to cost of sales. During the three months ended March 31, 2023, the Company recorded an unrealized gain of $ 1.7 million ($ 1.2 million net of tax) on its forward currency exchange contracts in other comprehensive income (loss) and transferred unrealized gains of $ 0.4 million to cost of sales. The Company also has forward currency exchange contracts that have not been designated as accounting hedges and, therefore, changes in fair value are recorded in other (expense) income, net in the consolidated statements of income. Interest Rate Swap Agreement The Company utilizes an interest rate swap agreement to hedge a portion of its interest rate exposure on outstanding borrowings under the Credit Agreement. Under the interest rate swap agreement, the Company receives variable rate interest payments based on the one-month SOFR rate and pays fixed rate interest payments. The effect of the 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 swap 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 accumulated other comprehensive loss on the consolidated balance sheet until earnings are affected by the variability of cash flows. The fair value estimates for the Company’s respective interest rate swap agreements were based on Level 2 inputs of the fair value hierarchy, as the Company obtains the valuation from a third party active in relevant markets. The valuation of the interest rate swap agreements is primarily measured through various pricing models and discounted cash flow analysis that incorporate observable market parameters, such as interest rate yield curves and volatility. The Company entered into an interest rate swap agreement on July 20, 2023 and the fixed interest rate for the contract is 4.039 % . As of March 31, 2024, the notional amount of this interest rate swap was $ 126.3 million. During the three months ended March 31, 2024, the Company recorded an unrealized gain of $ 2.4 million ($ 1.8 million net of tax) on the interest rate swap in other comprehensive income (loss). The Company’s previous interest rate swap agreement matured on July 20, 2023. During the three months ended March 31, 2023, the Company recorded an unrealized loss of $ 0.1 million ($ 0.1 million net of tax) on the interest rate swap in other comprehensive income (loss).

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Note 15 – Accumulated Other Comprehensive Loss A summary of the changes in accumulated other comprehensive loss follows: Three Months Ended March 31, 2024 (in thousands) Foreign Derivative Other Total Balances, December 31, 2023 $ ( 12,913 ) $ 160 $ ( 1,107 ) $ ( 13,860 ) Other comprehensive gain (loss) ( 1,537 ) 3,676 43 2,182 Amounts reclassified from accumulated — ( 942 ) — ( 942 ) Total other comprehensive income (loss) ( 1,537 ) 2,734 43 1,240 Balances, March 31, 2024 $ ( 14,450 ) $ 2,894 $ ( 1,064 ) $ ( 12,620 ) Three Months Ended March 31, 2023 (in thousands) Foreign Derivative Other Total Balances, December 31, 2022 $ ( 15,877 ) $ 788 $ ( 1,144 ) $ ( 16,233 ) Other comprehensive gain (loss) 1,050 1,576 226 2,852 Amounts reclassified from accumulated — ( 428 ) — ( 428 ) Total other comprehensive income 1,050 1,148 226 2,424 Balances, March 31, 2023 $ ( 14,827 ) $ 1,936 $ ( 918 ) $ ( 13,809 ) See Note 14 for further discussion about the Company’s derivative instruments.

Segment And Geographic Informat

Segment And Geographic Information	3 Months Ended
	Mar. 31, 2024
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 include (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: the Americas, Asia, and Europe. Information about the Company ’s operating segments follows: Three Months Ended (in thousands) 2024 2023 Sales: Americas $ 372,329 $ 397,207 Asia 257,816 268,043 Europe 80,496 77,855 Elimination of intersegment sales ( 35,066 ) ( 48,410 ) Total sales $ 675,575 $ 694,695 Depreciation and amortization: Americas $ 5,425 $ 5,132 Asia 2,524 2,351 Europe 881 778 Corporate 2,764 2,839 Total depreciation and amortization $ 11,594 $ 11,100 Income from operations: Americas $ 12,966 $ 13,331 Asia 33,777 28,784 Europe 6,777 6,686 Corporate and intersegment eliminations ( 27,991 ) ( 26,059 ) Total income from operations 25,529 22,742 Interest expense ( 7,245 ) ( 6,450 ) Interest income 1,992 1,258 Other expense, net ( 1,177 ) ( 2,165 ) Income before income taxes $ 19,099 $ 15,385 Capital expenditures: Americas $ 1,783 $ 23,109 Asia 2,505 7,548 Europe 1,024 1,688 Corporate 591 6,386 Total capital expenditures $ 5,903 $ 38,731 March 31, December 31, (in thousands) 2024 2023 Assets: Americas $ 979,782 $ 1,064,047 Asia 792,327 769,744 Europe 220,436 222,591 Corporate 220,265 218,373 Total assets $ 2,212,810 $ 2,274,755 Geographic sales information about the Company’s sales is determined based on the destination of the product shipped. Long-lived assets information is determined based on the physical location of the Company's assets and includes property, plant and equipment, net, operating lease right-of-use assets and other long-term assets, net. A summary of the Company ’s geographic sales and long-lived assets follows: Three Months Ended (in thousands) 2024 2023 Geographic sales: United States $ 396,419 $ 431,185 Singapore 101,238 86,956 Other Asia 59,896 45,253 Europe 98,022 104,693 Other 20,000 26,608 Total sales $ 675,575 $ 694,695 March 31, December 31, (in thousands) 2024 2023 Long-lived assets: United States $ 227,382 $ 231,740 Asia 79,314 79,203 Europe 42,520 42,934 Other 64,992 66,072 Total long-lived assets $ 414,208 $ 419,949

Supplemental Cash Flow And Non-

Supplemental Cash Flow And Non-Cash Information	3 Months Ended
	Mar. 31, 2024
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow and Non-Cash Information	Note 17 –Supplemental Cash Flow and Non-Cash Information The following table includes supplemental cash flow disclosures: Three Months Ended (in thousands) 2024 2023 Supplemental cash flow information: Income taxes paid, net $ 4,470 $ 4,428 Interest paid 7,399 5,874 Non-cash investing activities: Unpaid purchases of property, plant and equipment at the end of the period 1,714 5,555 Unpaid purchases of capitalized purchased software costs at the end of the period 1,320 —

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Basis of Presentation	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. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2023 (the 2023 10-K).
Use of Estimates	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	In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures (Topic 740) (ASU 2023-09), which improves the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. The ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the guidance and its impact to the financial statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07), which requires public entities disclose information about their reportable segments' oversight and significant expenses on an interim and annual basis. The ASU is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the guidance and its impact to the financial statements. The Company does not believe that any other recently issued accounting standards will 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, 2024
Inventory Disclosure [Abstract]
Schedule Of Inventory Costs	Inventory costs are summarized as follows: March 31, December 31, (in thousands) 2024 2023 Raw materials $ 614,382 $ 659,210 Work in process 20,735 22,088 Finished goods 2,558 2,503 Total inventories $ 637,675 $ 683,801

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill Rollforward	Goodwill allocated to the Company’s reportable operating segments follows: (in thousands) Americas Asia Total Goodwill as of March 31, 2024 and December 31, 2023 $ 154,014 $ 38,102 $ 192,116
Schedule of Acquired Identifiable Intangible Assets and Capitalized Purchased Software Costs	A summary of the Company’s acquired identifiable intangible assets and capitalized purchased software costs follows: (in thousands) Gross Accumulated Net Customer relationships $ 100,081 $ ( 73,121 ) $ 26,960 Capitalized purchased software costs 46,097 ( 30,842 ) 15,255 Technology licenses 15,500 ( 15,500 ) — Trade names and trademarks 7,800 — 7,800 Other 868 ( 410 ) 458 Total intangible assets as of March 31, 2024 $ 170,346 $ ( 119,873 ) $ 50,473 (in thousands) Gross Accumulated Net Customer relationships $ 100,105 $ ( 71,947 ) $ 28,158 Capitalized purchased software costs 45,062 ( 30,463 ) 14,599 Technology licenses 15,500 ( 15,500 ) — Trade names and trademarks 7,800 — 7,800 Other 869 ( 404 ) 465 Total intangible assets as of December 31, 2023 $ 169,336 $ ( 118,314 ) $ 51,022
Schedule Of Amortization Expense	A summary of the components of amortization expense, as presented in the consolidated statements of cash flows, follows: Three Months Ended (in thousands) 2024 2023 Amortization of intangible assets $ 1,204 $ 1,592 Amortization of capitalized purchased software costs 1,207 1,074 Amortization of debt costs 129 114 Total amortization expense $ 2,540 $ 2,780
Schedule of Future Amortization Expense	A summary of the future amortization expense related to the Company ’ s intangible assets held as of March 31, 2024 for each of the next five years follows: Year ending December 31, Amortization Remaining nine months of 2024 $ 3,613 2025 4,817 2026 4,817 2027 4,817 2028 4,817 2029 4,216

Borrowing Facilities (Tables)

Borrowing Facilities (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Debt	Long-term debt consists of the following: March 31, December 31, (in thousands) 2024 2023 Revolving credit facility $ 190,000 $ 205,000 Term loan 126,328 127,148 Less: Unamortized debt issuance costs ( 1,417 ) ( 1,546 ) Total long-term debt, including current installments $ 314,911 $ 330,602

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Three Months Ended (in thousands) 2024 2023 Finance lease costs: Amortization of right-of-use assets (included in depreciation expense) $ — $ 24 Interest on lease liabilities 4 6 Operating lease costs 5,510 4,571 Short-term lease costs 226 140 Variable lease costs 473 456 Total lease costs $ 6,213 $ 5,197
Summary of Operating And Finance Lease Supplemental Cash Flow Information	A summary of cash flow information related to leases follows: Three Months Ended (in thousands) 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases $ 5,199 $ 4,435 Operating cash flows used for finance leases 4 6 Financing cash flows used for finance leases 45 43 Right-of-use assets obtained in exchange for new operating lease liabilities 2,059 5,406
Summary of Operating And Finance Lease Supplemental Balance Sheet Information	A summary of other information about the Company's leases follows: March 31, December 31, (dollars in thousands) 2024 2023 Operating lease right-of-use assets $ 128,395 $ 130,830 Finance lease liabilities, current (included in current installments of long-term debt) $ 184 $ 181 Finance lease liabilities, noncurrent (included in long-term debt) $ 127 $ 174 Operating lease liabilities, current (included in accrued liabilities) $ 16,598 $ 15,486 Operating lease liabilities, noncurrent $ 119,958 $ 123,385 Weighted average remaining lease term – finance leases 1.7 years 1.9 years Weighted average remaining lease term – operating leases 9.4 years 9.7 years Weighted average discount rate – finance leases 4.8 % 4.8 % Weighted average discount rate – operating leases 4.6 % 4.5 %
Future Annual Minimum Operating Lease Payments and Finance Lease Commitments	A summary of the Company's future annual minimum lease payments as of March 31, 2024 follows (in thousands): Year ending December 31, Operating Finance Remaining nine months of 2024 $ 16,491 $ 145 2025 21,139 178 2026 16,982 — 2027 15,698 — 2028 14,932 — 2029 and thereafter 84,152 — Total minimum lease payments 169,394 323 Less: imputed interest ( 32,838 ) ( 12 ) Total present value of lease liabilities $ 136,556 $ 311

Common Stock and Stock-Based _2

Common Stock and Stock-Based Awards (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2024, the unrecognized compensation costs and remaining weighted-average amortization periods related to stock-based awards were as follows: (in thousands) Time- Performance- Unrecognized compensation cost $ 31,953 $ 7,395 Remaining weighted-average amortization period 2.6 years 2.5 years (1) Based on the probable achievement of the performance goals identified in each award.
Employee Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Stock Options	The following table summarizes activities relating to the Company’s stock options: (in thousands, except per share data and years) Number of Weighted- Weighted- Aggregate Outstanding as of December 31, 2023 37 $ 23.07 Exercised ( 26 ) 23.05 Forfeited or expired ( 2 ) 22.99 Outstanding and exercisable as of March 31, 2024 9 23.14 0.9 $ 64
Time-Based 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, 2023 1,246 $ 25.43 Granted 539 29.62 Vested ( 388 ) 26.29 Forfeited ( 102 ) 26.51 Non-vested awards outstanding as of March 31, 2024 1,295 26.87
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: (in thousands, except per share data) Number of Weighted- Non-vested awards outstanding as of December 31, 2023 442 $ 26.12 Granted (1) 198 29.62 Vested ( 139 ) 28.60 Forfeited ( 77 ) 26.61 Non-vested awards outstanding as of March 31, 2024 424 26.82 (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, 2024
Income Tax Disclosure [Abstract]
Schedule Of Income Tax Expense	Income tax expense consists of the following: Three Months Ended (in thousands) 2024 2023 Current: U.S. Federal $ ( 445 ) $ 525 State and local 115 66 Foreign 7,274 3,444 Deferred ( 1,847 ) ( 1,010 ) Total income tax expense $ 5,097 $ 3,025
Schedule Of Tax Incentives	A summary of the Company's tax incentives follows: Three Months Ended (in thousands) 2024 2023 Thailand $ 804 $ 1,759 China — 182 Total tax incentives $ 804 $ 1,941

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	The following tables provide a summary of the Company ’s revenue disaggregated by market sector and a reconciliation of the disaggregated revenue to the Company’s revenue by reportable operating segment: Three Months Ended March 31, 2024 (in thousands) Americas Asia Europe Total Market sector: Semi-Cap $ 53,658 $ 81,899 $ 30,382 $ 165,939 Complex Industrials 29,650 84,211 27,171 141,032 Medical 61,863 42,226 10,638 114,727 A&D 86,863 9,122 9,849 105,834 Advanced Computing 83,184 7,345 — 90,529 Next-Generation Communications 33,448 24,049 17 57,514 External revenue 348,666 248,852 78,057 675,575 Elimination of intersegment sales 23,663 8,964 2,439 35,066 Segment revenue $ 372,329 $ 257,816 $ 80,496 $ 710,641 Three Months Ended March 31, 2023 (in thousands) Americas Asia Europe Total Market sector: Semi-Cap $ 60,949 $ 64,737 $ 22,783 $ 148,469 Complex Industrials 29,048 80,052 34,426 143,526 Medical 68,282 54,158 14,609 137,049 A&D 66,302 7,923 5,190 79,415 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
Schedule of Contract Assets Activity	A summary of activity related to the Company ’s contract assets follows: Three Months Ended (in thousands) 2024 2023 Balance as of the beginning of the year $ 174,979 $ 183,613 Revenue recognized 577,000 630,774 Amounts collected or invoiced ( 571,165 ) ( 620,253 ) Balance as of the end of the period $ 180,814 $ 194,134

Restructuring Charges and Oth_2

Restructuring Charges and Other Costs (Tables)	3 Months Ended
	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Schedule Of Restructuring Costs	The components of restructuring charges were as follows: Three Months Ended March 31, 2024 (in thousands) Americas Asia Europe Total Severance costs $ 2,617 $ 371 $ — $ 2,988 Lease facility costs — — — — Other exit costs 355 — — 355 Total restructuring charges $ 2,972 $ 371 $ — $ 3,343
Schedule Of Restructuring Reserves	The changes in the Company ’s accrued restructuring costs were as follows: (in thousands) Balances as of Restructuring Cash Non-Cash Balances as of Severance $ 35 $ 2,988 $ ( 3,023 ) $ — $ — Lease facility costs 9 — ( 1 ) — 8 Other exit costs 81 355 ( 436 ) — — Total accrued restructuring costs $ 125 $ 3,343 $ ( 3,460 ) $ — $ 8

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Earnings per Share	The following table sets forth the calculation of the Company's basic and diluted earnings per share: Three Months Ended (in thousands, except per share data) 2024 2023 Net income $ 14,002 $ 12,360 Denominator for basic earnings per share 35,810 35,336 Incremental common shares attributable to outstanding restricted stock units 586 250 Incremental common shares attributable to exercise of dilutive options 5 6 Denominator for diluted earnings per share 36,401 35,592 Earnings per share: Basic $ 0.39 $ 0.35 Diluted $ 0.38 $ 0.35

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Summary of Fair Values of Derivative Instruments	The fair value of the Company’s derivative instruments follows: March 31, December 31, (in thousands) Balance Sheet Location 2024 2023 Derivatives designated as Forward currency exchange contracts Other long-term assets $ 3,950 $ 2,664 Interest rate swap agreement Other long-term liabilities ( 93 ) ( 2,458 )

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule Of Accumulated Other Comprehensive Income Loss	A summary of the changes in accumulated other comprehensive loss follows: Three Months Ended March 31, 2024 (in thousands) Foreign Derivative Other Total Balances, December 31, 2023 $ ( 12,913 ) $ 160 $ ( 1,107 ) $ ( 13,860 ) Other comprehensive gain (loss) ( 1,537 ) 3,676 43 2,182 Amounts reclassified from accumulated — ( 942 ) — ( 942 ) Total other comprehensive income (loss) ( 1,537 ) 2,734 43 1,240 Balances, March 31, 2024 $ ( 14,450 ) $ 2,894 $ ( 1,064 ) $ ( 12,620 ) Three Months Ended March 31, 2023 (in thousands) Foreign Derivative Other Total Balances, December 31, 2022 $ ( 15,877 ) $ 788 $ ( 1,144 ) $ ( 16,233 ) Other comprehensive gain (loss) 1,050 1,576 226 2,852 Amounts reclassified from accumulated — ( 428 ) — ( 428 ) Total other comprehensive income 1,050 1,148 226 2,424 Balances, March 31, 2023 $ ( 14,827 ) $ 1,936 $ ( 918 ) $ ( 13,809 )

Segment And Geographic Inform_2

Segment And Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Operating Segments	Information about the Company ’s operating segments follows: Three Months Ended (in thousands) 2024 2023 Sales: Americas $ 372,329 $ 397,207 Asia 257,816 268,043 Europe 80,496 77,855 Elimination of intersegment sales ( 35,066 ) ( 48,410 ) Total sales $ 675,575 $ 694,695 Depreciation and amortization: Americas $ 5,425 $ 5,132 Asia 2,524 2,351 Europe 881 778 Corporate 2,764 2,839 Total depreciation and amortization $ 11,594 $ 11,100 Income from operations: Americas $ 12,966 $ 13,331 Asia 33,777 28,784 Europe 6,777 6,686 Corporate and intersegment eliminations ( 27,991 ) ( 26,059 ) Total income from operations 25,529 22,742 Interest expense ( 7,245 ) ( 6,450 ) Interest income 1,992 1,258 Other expense, net ( 1,177 ) ( 2,165 ) Income before income taxes $ 19,099 $ 15,385 Capital expenditures: Americas $ 1,783 $ 23,109 Asia 2,505 7,548 Europe 1,024 1,688 Corporate 591 6,386 Total capital expenditures $ 5,903 $ 38,731 March 31, December 31, (in thousands) 2024 2023 Assets: Americas $ 979,782 $ 1,064,047 Asia 792,327 769,744 Europe 220,436 222,591 Corporate 220,265 218,373 Total assets $ 2,212,810 $ 2,274,755
Schedule of Geographic Sales and Long-Lived Assets	A summary of the Company ’s geographic sales and long-lived assets follows: Three Months Ended (in thousands) 2024 2023 Geographic sales: United States $ 396,419 $ 431,185 Singapore 101,238 86,956 Other Asia 59,896 45,253 Europe 98,022 104,693 Other 20,000 26,608 Total sales $ 675,575 $ 694,695 March 31, December 31, (in thousands) 2024 2023 Long-lived assets: United States $ 227,382 $ 231,740 Asia 79,314 79,203 Europe 42,520 42,934 Other 64,992 66,072 Total long-lived assets $ 414,208 $ 419,949

Supplemental Cash Flow and No_2

Supplemental Cash Flow and Non-Cash Information (Tables)	3 Months Ended
	Mar. 31, 2024
Supplemental Cash Flow Information [Abstract]
Schedule Of Supplemental Cash Flow and Non-Cash Information	The following table includes supplemental cash flow disclosures: Three Months Ended (in thousands) 2024 2023 Supplemental cash flow information: Income taxes paid, net $ 4,470 $ 4,428 Interest paid 7,399 5,874 Non-cash investing activities: Unpaid purchases of property, plant and equipment at the end of the period 1,714 5,555 Unpaid purchases of capitalized purchased software costs at the end of the period 1,320 —

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventory Costs) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 614,382	$ 659,210
Work in process	20,735	22,088
Finished goods	2,558	2,503
Total inventories	$ 637,675	$ 683,801

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Schedule of Goodwill by Reportable Operating Segments) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Goodwill [Line Items]
Goodwill	$ 192,116	$ 192,116
Americas [Member] | Operating Segments [Member]
Goodwill [Line Items]
Goodwill	154,014	154,014
Asia [Member] | Operating Segments [Member]
Goodwill [Line Items]
Goodwill	$ 38,102	$ 38,102

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Schedule of Acquired Identifiable Intangible Assets and Capitalized Purchased Software Costs) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 170,346	$ 169,336
Accumulated Amortization	(119,873)	(118,314)
Net Carrying Amount	50,473	51,022
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	100,081	100,105
Accumulated Amortization	(73,121)	(71,947)
Net Carrying Amount	26,960	28,158
Capitalized Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	46,097	45,062
Accumulated Amortization	(30,842)	(30,463)
Net Carrying Amount	15,255	14,599
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	869
Accumulated Amortization	(410)	(404)
Net Carrying Amount	$ 458	$ 465

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Schedule Of Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 1,204	$ 1,592
Amortization of capitalized purchased software costs	1,207	1,074
Amortization of debt costs	129	114
Total amortization expense	$ 2,540	$ 2,780

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Schedule of Future Amortization Expense) (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining nine months of 2024	$ 3,613
2025	4,817
2026	4,817
2027	4,817
2028	4,817
2029	$ 4,216

Borrowing Facilities - Schedule

Borrowing Facilities - Schedule of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Line Of Credit Facility [Line Items]
Less: Unamortized debt issuance costs	$ (1,417)	$ (1,546)
Total long-term debt, including current installments	314,911	330,602
Revolving Credit Facility [Member]
Line Of Credit Facility [Line Items]
Revolving credit facility	190,000	205,000
Term Loan Facility [Member]
Line Of Credit Facility [Line Items]
Principal amount	$ 126,328	$ 127,148

Borrowing Facilities - Narrativ

Borrowing Facilities - Narrative (Details) - USD ($) $ in Thousands						3 Months Ended
	May 01, 2023	Feb. 03, 2023	May 20, 2022	Dec. 21, 2021	Jul. 20, 2018	Mar. 31, 2024	Dec. 31, 2023	Jul. 19, 2018
Line Of Credit Facility [Line Items]
Maximum amount of trade accounts receivable sales permitted		$ 200,000				$ 200,000
Credit agreement, secured by percentage of voting capital stock of each direct foreign subsidiary						65%
Interest Rate Swap Agreement [Member]
Line Of Credit Facility [Line Items]
Fixed interest rate						4.039%
Derivative Notional Amount						$ 126,300
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.
Credit Agreement aggregate borrowing capacity				$ 381,000	$ 650,000
Credit Agreement maturity date					Jul. 20, 2023
Revolving credit facility, available for future borrowings								$ 430,000
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) the 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%).		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) the Bloomberg Short Term Bank Yield Index (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 rate plus 1.00% and (iv) 1.00%).
Credit Agreement covenant terms						The Credit Agreement contains certain financial covenants related to interest coverage and debt leverage, and certain customary affirmative and negative covenants, including restrictions on the Company’s ability to incur additional debt and liens, pay dividends, repurchase shares, sell assets and merge or consolidate with other persons. Amounts due under the Credit Agreement could be accelerated upon specified events of default, including a failure to pay amounts due, breach of a covenant, material inaccuracy of a representation, or occurrence of bankruptcy or insolvency, subject, in some cases, to cure periods.
Credit Agreement [Member] | Alternate Base Rate Plus [Member]
Line Of Credit Facility [Line Items]
Debt Instrument, variable rate	1%					1%
Credit Agreement [Member] | Federal Funds Rate Plus [Member]
Line Of Credit Facility [Line Items]
Debt Instrument, variable rate	0.50%		0.50%
Credit Agreement [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
U.S. Credit facility, commitment fee						0.20%
Credit Agreement [Member] | Minimum [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Line Of Credit Facility [Line Items]
Debt Instrument, variable rate	1%
Credit Agreement [Member] | Minimum [Member] | Bloomberg Short Term Bank Yield Index Rate Plus [Member]
Line Of Credit Facility [Line Items]
Debt Instrument, variable rate			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] | Secured Overnight Financing Rate (SOFR) [Member]
Line Of Credit Facility [Line Items]
Debt Instrument, variable rate	2%
Credit Agreement [Member] | Maximum [Member] | Bloomberg Short Term Bank Yield Index Rate Plus [Member]
Line Of Credit Facility [Line Items]
Debt Instrument, variable rate			2%
Revolving Credit Facility [Member]
Line Of Credit Facility [Line Items]
Credit Agreement aggregate borrowing capacity	$ 550,000		$ 450,000	$ 250,000	$ 500,000
Term period				5 years	5 years
Credit Agreement maturity date				Dec. 21, 2026	Jul. 20, 2023
Revolving credit facility, available for future borrowings						$ 355,600
Revolving credit facility						190,000	$ 205,000
Letters of credit outstanding amount						4,400
Revolving Credit Facility [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Possible increase to total commitments under Credit Agreement						100,000
Revolving Credit Facility [Member] | Minimum [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Line Of Credit Facility [Line Items]
Debt Instrument, variable rate	0.10%
Term Loan Facility [Member]
Line Of Credit Facility [Line Items]
Principal amount						$ 126,328	$ 127,148
Credit Agreement aggregate borrowing capacity				$ 131,300	$ 151,000
Term period				5 years	5 years
Term Loan frequency of periodic payments						quarterly
Term Loan Facility [Member] | December 31, 2022 Through September 30, 2024 [Member]
Line Of Credit Facility [Line Items]
Quarterly principal installments, Percentage						0.625%
Term Loan Facility [Member] | January 1, 2025 Through December 21, 2026 [Member]
Line Of Credit Facility [Line Items]
Quarterly principal installments increase, Percentage						1.25%

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Finance lease costs:
Amortization of right-of-use assets (included in depreciation expense)	$ 0	$ 24
Interest on lease liabilities	4	6
Operating lease costs	5,510	4,571
Short-term lease costs	226	140
Variable lease costs	473	456
Total lease costs	6,213	5,197
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	5,199	4,435
Operating cash flows used for finance leases	4	6
Financing cash flows used for finance leases	45	43
Right-of-use assets obtained in exchange for new operating lease liabilities	2,059	$ 5,406
Assets and Liabilities, Lessee [Abstract]
Operating lease right-of-use assets	128,395		$ 130,830
Finance lease liabilities, current (included in current installments of long-term debt)	$ 184		$ 181
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current installments of long-term debt		Current installments of long-term debt
Finance lease liabilities, noncurrent (included in long-term debt)	$ 127		$ 174
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt, net of current installments		Long-term debt, net of current installments
Operating lease liabilities, current (included in accrued liabilities)	$ 16,598		$ 15,486
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued liabilities		Accrued liabilities
Operating lease liabilities, noncurrent	$ 119,958		$ 123,385
Weighted average remaining lease term – finance leases	1 year 8 months 12 days		1 year 10 months 24 days
Weighted average remaining lease term – operating leases	9 years 4 months 24 days		9 years 8 months 12 days
Weighted average discount rate – finance leases	4.80%		4.80%
Weighted average discount rate – operating leases	4.60%		4.50%

Leases - Future Annual Minimum

Leases - Future Annual Minimum Lease Payments and Finance Lease Commitments (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Operating Leases
Remaining nine months of 2024	$ 16,491
2025	21,139
2026	16,982
2027	15,698
2028	14,932
2029 and thereafter	84,152
Total minimum lease payments	169,394
Less: imputed interest	(32,838)
Total present value of lease liabilities	136,556
Finance Leases
Remaining nine months of 2024	145
2025	178
2026	0
2027	0
2028	0
2029 and thereafter	0
Total minimum lease payments	323
Less: imputed interest	(12)
Total present value of lease liabilities	$ 311

Common Stock and Stock-Based _3

Common Stock and Stock-Based Awards - Dividends and Share Repurchase Authorization (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended
	Apr. 12, 2024	Mar. 11, 2024	Mar. 31, 2024	Mar. 31, 2023	Feb. 19, 2020	Oct. 26, 2018	Mar. 06, 2018	Dec. 07, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Quarterly cash dividend declared		$ 0.165
Dividends paid			$ 5,889	$ 5,806
Repurchase of common stock, shares			0
Repurchase of common shares remaining authorized amount			$ 154,600
Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends paid	$ 5,900
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Repurchase of common shares program authorized amount					$ 150,000	$ 100,000	$ 250,000	$ 100,000

Common Stock and Stock-Based _4

Common Stock and Stock-Based Awards - Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares available for issuance	1.8
Stock-based compensation expense	$ 2,176	$ 4,790
Income tax benefit recognized in the income statement for stock-based awards	500	1,100
Proceeds from stock options exercised	371	68
Tax benefit realized as a result of stock option exercises and the vesting of other share-based awards	2,600	2,200
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	$ 100	$ 100
Employee Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
Term of options	10 years
Performance-Based Restricted Stock Units [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Time-Based Restricted Stock Units [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Time-Based Restricted Stock Units [Member] | Maximum [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 (Schedule Of Unrecognized Compensation Cost And Remaining Weighted-Average Amortization Period) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Time-Based Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 31,953
Remaining weighted-average amortization period	2 years 7 months 6 days
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 7,395
Remaining weighted-average amortization period	2 years 6 months

Common Stock and Stock-Based _6

Common Stock and Stock-Based Awards (Summary Of Stock Options) (Details) - Employee Stock Options [Member] $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Options, Outstanding, Beginning balance | shares	37
Number of Options, Exercised | shares	(26)
Number of Options, Forfeited or expired | shares	(2)
Number of Options, Outstanding, Ending balance | shares	9
Weighted-Average Exercise Price, Outstanding, Beginning balance | $ / shares	$ 23.07
Weighted-Average Exercise Price, Exercised | $ / shares	23.05
Weighted-Average Exercise Price, Forfeited or expired | $ / shares	22.99
Weighted-Average Exercise Price, Outstanding, Ending balance | $ / shares	$ 23.14
Weighted-Average Remaining Contractual Term (Years), Outstanding	10 months 24 days
Aggregate Intrinsic Value, Outstanding | $	$ 64

Common Stock and Stock-Based _7

Common Stock and Stock-Based Awards (Summary Of Stock-Based Awards) (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Time-Based Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested awards outstanding, shares or units, beginning balance | shares	1,246
Granted, shares or units | shares	539
Vested, shares or units | shares	(388)
Forfeited, shares or units | shares	(102)
Non-vested awards outstanding, shares or units, ending balance | shares	1,295
Non-vested outstanding, weighted-average grant date fair value, beginning balance | $ / shares	$ 25.43
Granted, weighted-average grant date fair value | $ / shares	29.62
Vested, weighted-average grant date fair value | $ / shares	26.29
Forfeited, weighted-average grant date fair value | $ / shares	26.51
Non-vested outstanding, weighted-average grant date fair value, ending balance | $ / shares	$ 26.87
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested awards outstanding, shares or units, beginning balance | shares	442
Granted, shares or units | shares	198	[1]
Vested, shares or units | shares	(139)
Forfeited, shares or units | shares	(77)
Non-vested awards outstanding, shares or units, ending balance | shares	424
Non-vested outstanding, weighted-average grant date fair value, beginning balance | $ / shares	$ 26.12
Granted, weighted-average grant date fair value | $ / shares	29.62	[1]
Vested, weighted-average grant date fair value | $ / shares	28.6
Forfeited, weighted-average grant date fair value | $ / shares	26.61
Non-vested outstanding, weighted-average grant date fair value, ending balance | $ / shares	$ 26.82
[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, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
U.S. Federal, Current	$ (445)	$ 525
State and local, Current	115	66
Foreign, Current	7,274	3,444
Deferred	(1,847)	(1,010)
Total income tax expense	$ 5,097	$ 3,025

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Income Taxes [Line Items]
Tax Cuts and Jobs Act, Transition Tax for Accumulated Foreign Earnings Liability	$ 36,200
2024	16,100
2025	20,100
Cumulative undistributed earnings of foreign subsidiaries			$ 477,200
Unrecognized deferred tax liability	9,100
Total tax incentives	$ 804	$ 1,941
Net impact of tax incentives, per diluted share	$ 0.02	$ 0.05
Unrecognized tax benefits	$ 9,900
Malaysia [Member]
Income Taxes [Line Items]
Income tax holidays expiration date	March 31, 2021
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]
Income Taxes [Line Items]
Total tax incentives	$ 0	$ 182
Income tax holidays expiration date	December 31, 2023
Intended date to apply for tax holiday incentive	2024
Thailand [Member]
Income Taxes [Line Items]
Total tax incentives	$ 804	$ 1,759
Income tax holidays expiration date	December 31, 2030

Income Taxes - Schedule Of Tax

Income Taxes - Schedule Of Tax Incentives (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Taxes [Line Items]
Total tax incentives	$ 804	$ 1,941
China [Member]
Income Taxes [Line Items]
Total tax incentives	0	182
Thailand [Member]
Income Taxes [Line Items]
Total tax incentives	$ 804	$ 1,759

Revenue (Disaggregation Of reve

Revenue (Disaggregation Of revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 710,641	$ 743,105
Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	165,939	148,469
Complex Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	141,032	143,526
Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	114,727	137,049
Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	105,834	79,415
Advanced Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	90,529	95,998
Next-Generation Communications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	57,514	90,238
External Revenue [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	675,575	694,695
Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	35,066	48,410
Americas [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	372,329	397,207
Americas [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	53,658	60,949
Americas [Member] | Complex Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	29,650	29,048
Americas [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	61,863	68,282
Americas [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	86,863	66,302
Americas [Member] | Advanced Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	83,184	88,604
Americas [Member] | Next-Generation Communications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	33,448	51,389
Americas [Member] | External Revenue [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	348,666	364,574
Americas [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	23,663	32,633
Asia [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	257,816	268,043
Asia [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	81,899	64,737
Asia [Member] | Complex Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	84,211	80,052
Asia [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	42,226	54,158
Asia [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	9,122	7,923
Asia [Member] | Advanced Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	7,345	7,394
Asia [Member] | Next-Generation Communications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	24,049	38,803
Asia [Member] | External Revenue [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	248,852	253,067
Asia [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	8,964	14,976
Europe [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	80,496	77,855
Europe [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	30,382	22,783
Europe [Member] | Complex Industrials Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	27,171	34,426
Europe [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	10,638	14,609
Europe [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	9,849	5,190
Europe [Member] | Advanced Computing Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Europe [Member] | Next-Generation Communications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	17	46
Europe [Member] | External Revenue [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	78,057	77,054
Europe [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 2,439	$ 801

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Disaggregation Of Revenue [Line Items]
Advance payments from customers	$ 189,153		$ 204,883
Customer Deposits and Prepayments of Inventory [Member]
Disaggregation Of Revenue [Line Items]
Advance payments from customers	176,200		191,600
Contractual Timing of Payments [Member]
Disaggregation Of Revenue [Line Items]
Advance payments from customers	$ 13,000		$ 13,300
Transferred Over Time [Member]
Disaggregation Of Revenue [Line Items]
Percentage Of Revenue	85.30%	87.90%

Revenue (Summary of activity re

Revenue (Summary of activity related to the company's contract assets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Change in Contract with Customer, Asset [Abstract]
Balance as of the beginning of the year	$ 174,979	$ 183,613
Revenue recognized	577,000	630,774
Amounts collected or invoiced	(571,165)	(620,253)
Balance as of the end of the period	$ 180,814	$ 194,134

Accounts Receivable Sale Prog_2

Accounts Receivable Sale Programs (Narrative) (Details) - USD ($) $ in Millions		3 Months Ended
	Feb. 03, 2023	Mar. 31, 2024	Mar. 31, 2023
Receivables [Abstract]
Maximum amount of trade accounts receivable sales permitted	$ 200	$ 200
Trade accounts receivable sold		135.1	$ 152.8
Amount Received From Trade Accounts Receivable Sold To Third Party		$ 134.1	$ 151.8

Restructuring Charges and Oth_3

Restructuring Charges and Other Costs (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Charges	$ 3,343	$ 1,400

Restructuring Charges and Oth_4

Restructuring Charges and Other Costs (Schedule Of Restructuring Costs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Severance costs	$ 2,988
Lease facility costs	0
Other exit costs	355
Total restructuring charges	3,343	$ 1,400
Operating Segments [Member] | Americas [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs	2,617
Lease facility costs	0
Other exit costs	355
Total restructuring charges	2,972
Operating Segments [Member] | Asia [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs	371
Lease facility costs	0
Other exit costs	0
Total restructuring charges	371
Operating Segments [Member] | Europe [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs	0
Lease facility costs	0
Other exit costs	0
Total restructuring charges	$ 0

Restructuring Charges and Oth_5

Restructuring Charges and Other Costs (Schedule Of Restructuring Reserves) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Beginning Balance	$ 125
Restructuring Charges	3,343	$ 1,400
Cash Payment	(3,460)
Non-Cash Activity	0
Ending Balance	8
Severance [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	35
Restructuring Charges	2,988
Cash Payment	(3,023)
Non-Cash Activity	0
Ending Balance	0
Lease Facility Costs [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	9
Restructuring Charges	0
Cash Payment	(1)
Non-Cash Activity	0
Ending Balance	8
Other Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	81
Restructuring Charges	355
Cash Payment	(436)
Non-Cash Activity	0
Ending Balance	$ 0

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, 2024	Mar. 31, 2023
Earnings Per Share Reconciliation [Line Items]
Net income	$ 14,002	$ 12,360
Denominator for basic earnings per share	35,810	35,336
Denominator for diluted earnings per share	36,401	35,592
Earnings per share:
Basic	$ 0.39	$ 0.35
Diluted	$ 0.38	$ 0.35
Employee Stock Options [Member]
Earnings Per Share Reconciliation [Line Items]
Potentially dilutive securities	5	6
Restricted Stock Units [Member]
Earnings Per Share Reconciliation [Line Items]
Potentially dilutive securities	586	250

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Employee Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities to purchase common shares	0	0
Time-Based Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities to purchase common shares	100,000	200,000

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Jul. 20, 2023
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Unrealized gain on derivatives, net of tax	$ 2,734	$ 1,148
Interest Rate Swap Agreement [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Derivative Notional Amount	126,300
Fixed interest rate			4.039%
Unrealized gain (loss)	2,400	(100)
Unrealized gain (loss) on derivatives, net of tax	1,800	(100)
Forward Currency Exchange Contracts [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Unrealized gain (loss)	1,300	1,700
Unrealized gain (loss) on derivatives, net of tax	900	1,200
Reclassified accumulated other comprehensive income (loss)	$ 900	$ 400

Financial Instruments - Summary

Financial Instruments - Summary of Fair Values of Derivative Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Other Long-Term Assets [Member] | Forward Currency Exchange Contracts [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Fair value of forward currency exchange contracts	$ 3,950	$ 2,664
Other Long-Term Liabilities [Member] | Interest Rate Swap Agreement [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Fair value of interest rate swap	$ (93)	$ (2,458)

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, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	$ (13,860)	$ (16,233)
Other comprehensive gain (loss) before reclassifications	2,182	2,852
Amounts reclassified from accumulated other comprehensive loss	(942)	(428)
Total other comprehensive income	1,240	2,424
Accumulated other comprehensive loss, net of tax, ending balance	(12,620)	(13,809)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	(12,913)	(15,877)
Other comprehensive gain (loss) before reclassifications	(1,537)	1,050
Amounts reclassified from accumulated other comprehensive loss	0	0
Total other comprehensive income	(1,537)	1,050
Accumulated other comprehensive loss, net of tax, ending balance	(14,450)	(14,827)
Derivative Instruments, Net of Tax [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	160	788
Other comprehensive gain (loss) before reclassifications	3,676	1,576
Amounts reclassified from accumulated other comprehensive loss	(942)	(428)
Total other comprehensive income	2,734	1,148
Accumulated other comprehensive loss, net of tax, ending balance	2,894	1,936
Other [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	(1,107)	(1,144)
Other comprehensive gain (loss) before reclassifications	43	226
Amounts reclassified from accumulated other comprehensive loss	0	0
Total other comprehensive income	43	226
Accumulated other comprehensive loss, net of tax, ending balance	$ (1,064)	$ (918)

Segment And Geographic Inform_3

Segment And Geographic Information (Schedule of Operating Segments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Sales	$ 675,575	$ 694,695
Depreciation and amortization	11,594	11,100
Income from operations	25,529	22,742
Interest expense	(7,245)	(6,450)
Interest income	1,992	1,258
Other expense, net	(1,177)	(2,165)
Income before income taxes	19,099	15,385
Capital expenditures	5,903	38,731
Total assets	2,212,810		$ 2,274,755
Elimination Of Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Sales	(35,066)	(48,410)
Corporate And Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income from operations	(27,991)	(26,059)
Americas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales	372,329	397,207
Depreciation and amortization	5,425	5,132
Income from operations	12,966	13,331
Capital expenditures	1,783	23,109
Total assets	979,782		1,064,047
Asia [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales	257,816	268,043
Depreciation and amortization	2,524	2,351
Income from operations	33,777	28,784
Capital expenditures	2,505	7,548
Total assets	792,327		769,744
Europe [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales	80,496	77,855
Depreciation and amortization	881	778
Income from operations	6,777	6,686
Capital expenditures	1,024	1,688
Total assets	220,436		222,591
Corporate [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	2,764	2,839
Capital expenditures	591	$ 6,386
Total assets	$ 220,265		$ 218,373

Segment And Geographic Inform_4

Segment And Geographic Information (Schedule of Geographic Sales and Long-Lived Assets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Geographic sales	$ 675,575	$ 694,695
Long-lived assets	414,208	419,949
United States [Member]
Segment Reporting Information [Line Items]
Geographic sales	396,419	431,185
Long-lived assets	227,382	231,740
Asia [Member]
Segment Reporting Information [Line Items]
Long-lived assets	79,314	79,203
Singapore [Member]
Segment Reporting Information [Line Items]
Geographic sales	101,238	86,956
Other Asia [Member]
Segment Reporting Information [Line Items]
Geographic sales	59,896	45,253
Europe [Member]
Segment Reporting Information [Line Items]
Geographic sales	98,022	104,693
Long-lived assets	42,520	42,934
Other Foreign [Member]
Segment Reporting Information [Line Items]
Geographic sales	20,000	26,608
Long-lived assets	$ 64,992	$ 66,072

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, 2024	Mar. 31, 2023
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Income taxes paid, net	$ 4,470	$ 4,428
Interest paid	7,399	5,874
Property Plant and Equipment [Member]
Non-cash investing activities:
Unpaid purchases at the end of the period	1,714	5,555
Capitalized Purchased Software Costs [Member]
Non-cash investing activities:
Unpaid purchases at the end of the period	$ 1,320	$ 0