Benchmark Electronics (BHE) 10-K/A 27 Feb 25 2024 FY Annual report (amended) Financial data

Cover

Cover - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Feb. 21, 2025	Jun. 28, 2024
Cover [Abstract]
Entity Central Index Key	0000863436
Document Type	10-K/A
Amendment Flag	true
Amendment Description	This Amendment No. 1 on Form 10-K/A (this “Amendment No. 1”) to the Annual Report on Form 10-K of Benchmark Electronics, Inc. (the “Company”) for the fiscal year ended December 31, 2024, originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 24, 2025 (the “Original Filing”), is being filed solely to correct the date of the Report of Independent Registered Public Accounting Firm included in Part II, Item 8 of the Original Filing. In accordance with Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company is also including the entire text of Part II, Item 8 of the Original Filing in this Amendment No. 1. However, there have been no changes to the text of such Part II, Item 8 other than the change stated in the first sentence of this paragraph.Pursuant to the rules of the SEC, Part IV, Item 15 has also been amended to contain the currently dated certifications from the Company’s principal executive officer and principal financial officer pursuant to Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002 as Exhibits 31.3/31.4 and 32.3/32.4, respectively. As this Amendment No. 1 does not contain or amend any disclosure with respect to Items 307 or 308 of Regulation S-K, paragraphs 4 and 5 of the certifications pursuant to Section 302 have been omitted.Except as described above or as otherwise expressly provided by the terms of this Amendment No. 1, no other changes have been made to the Original Filing. This Amendment No. 1 continues to speak as of the date of the Original Filing, and the Company has not updated the disclosures contained therein to reflect any events that occurred subsequent to the date of the Original Filing. This Amendment No. 1 should be read in conjunction with the Original Filing and with our filings with the SEC subsequent to the Original Filing. Capitalized terms used herein and not otherwise defined are defined as set forth in the Original Filing.
Document Annual Report	true
Document Transition Report	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		36,016,624
Entity Public Float			$ 1.4
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Documents Incorporated by Reference	Documents Incorporated by Reference: Portions of the registrant’s Proxy Statement for the 2025 Annual Meeting of Shareholders, to be filed with the Securities and Exchange Commission not later than 120 days after the end of the registrant’s fiscal year ended December 31, 2024, are incorporated herein by reference (Part III, Items 10-14 of this Annual Report on Form 10-K).
Auditor Opinion	Opinions on the Consolidated Financial Statements and Internal Control Over Financial Reporting We have audited the accompanying consolidated balance sheets of Benchmark Electronics, Inc. and subsidiaries (the Company) as of December 31, 2024 and 2023, the related consolidated statements of income, comprehensive income, shareholders’ equity, and cash flows for each of the years in the three-year period ended December 31, 2024, and the related notes (collectively, the consolidated financial statements). We also have audited the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years in the three-year period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2024 based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 315,152	$ 277,391
Restricted cash	12,875	5,822
Accounts receivable, net of allowance for doubtful accounts of $241 and $470, respectively	412,458	449,404
Contract assets	167,578	174,979
Inventories	553,654	683,801
Prepaid expenses and other current assets	42,512	44,350
Total current assets	1,504,229	1,635,747
Property, plant and equipment, net	225,097	227,698
Operating lease right-of-use assets	117,995	130,830
Goodwill	192,116	192,116
Deferred income taxes	33,892	26,943
Other long-term assets	66,135	61,421
Total assets	2,139,464	2,274,755
Current liabilities:
Current installments of long-term debt	6,737	4,283
Accounts payable	354,218	367,480
Advance payments from customers	143,614	204,883
Income taxes payable	22,119	22,225
Accrued liabilities	122,411	114,676
Total current liabilities	649,099	713,547
Long-term debt, net of current installments	250,457	326,674
Operating lease liabilities	108,997	123,385
Other long-term liabilities	17,598	32,064
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $0.10 par value; 5,000 shares authorized, none issued	0	0
Common stock, $0.10 par value; 145,000 shares authorized; issued and outstanding - 35,992 and 35,664, respectively	3,599	3,566
Additional paid-in capital	534,945	528,842
Retained earnings	596,010	560,537
Accumulated other comprehensive loss	(21,241)	(13,860)
Total shareholders’ equity	1,113,313	1,079,085
Total liabilities and shareholders' equity	$ 2,139,464	$ 2,274,755

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, accounts receivable	$ 241	$ 470
Preferred shares, par value	$ 0.1	$ 0.1
Preferred shares, shares authorized	5,000,000	5,000,000
Preferred shares, issued	0	0
Common stock, par value	$ 0.1	$ 0.1
Common stock, shares authorized	145,000,000	145,000,000
Common stock, issued	35,992,000	35,664,000
Common stock, outstanding	35,992,000	35,664,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Sales	$ 2,656,105	$ 2,838,976	$ 2,886,331
Cost of sales	2,386,081	2,567,906	2,631,096
Gross profit	270,024	271,070	255,235
Selling, general and administrative expenses	149,460	147,025	150,215
Amortization of intangible assets	4,817	5,979	6,384
Restructuring charges and other costs	6,336	8,402	8,567
Income from operations	109,411	109,664	90,069
Interest expense	(26,922)	(31,875)	(12,894)
Interest income	10,208	6,256	1,730
Other (expense) income, net	(8,802)	(2,825)	5,437
Income before income taxes	83,895	81,220	84,342
Income tax expense	20,568	16,905	16,113
Net income	$ 63,327	$ 64,315	$ 68,229
Earnings per share:
Basic	$ 1.76	$ 1.81	$ 1.94
Diluted	$ 1.72	$ 1.79	$ 1.91
Weighted-average number of shares outstanding:
Basic	35,970	35,566	35,179
Diluted	36,759	35,973	35,718

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 63,327	$ 64,315	$ 68,229
Other comprehensive income (loss):
Foreign currency translation adjustments	(4,533)	2,964	(3,148)
Unrealized gain (loss) on derivatives, net of tax	(3,044)	(628)	4,160
Other	196	37	(87)
Total other comprehensive (loss) income	(7,381)	2,373	925
Comprehensive income	$ 55,946	$ 66,688	$ 69,154

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Beginning Balances, value at Dec. 31, 2021	$ 973,802	$ 3,521	$ 507,447	$ 479,992	$ (17,158)
Balances, shares at Dec. 31, 2021		35,213,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	68,229			68,229
Other comprehensive income (loss)	925				925
Dividends declared	(23,149)			(23,149)
Stock-based compensation expense	18,485		18,485
Shares repurchased and retired, value	$ (9,391)	$ (37)	(4,177)	(5,177)
Shares repurchased and retired, shares	(400,000)	(376,000)
Stock options exercised, value	$ 716	$ 4	712
Stock options exercised, shares		45,000
Vesting of restricted stock units, value		$ 41	(41)
Vesting of restricted stock units, shares		407,000
Shares withheld for taxes, shares		(125,000)
Shares withheld for taxes, value	(3,201)	$ (13)	(3,188)
Ending Balances, value at Dec. 31, 2022	1,026,416	$ 3,516	519,238	519,895	(16,233)
Balances, shares at Dec. 31, 2022		35,164,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	64,315			64,315
Other comprehensive income (loss)	2,373				2,373
Dividends declared	(23,673)			(23,673)
Stock-based compensation expense	$ 15,286		15,286
Shares repurchased and retired, shares	0
Stock options exercised, value	$ 129	$ 1	128
Stock options exercised, shares		8,000
Vesting of restricted stock units, value		$ 73	(73)
Vesting of restricted stock units, shares		732,000
Shares withheld for taxes, shares		(240,000)
Shares withheld for taxes, value	(5,761)	$ (24)	(5,737)
Ending Balances, value at Dec. 31, 2023	$ 1,079,085	$ 3,566	528,842	560,537	(13,860)
Balances, shares at Dec. 31, 2023	35,664,000	35,664,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 63,327			63,327
Other comprehensive income (loss)	(7,381)				(7,381)
Dividends declared	(24,175)			(24,175)
Stock-based compensation expense	13,366		13,366
Shares repurchased and retired, value	$ (5,100)	$ (13)	(1,408)	(3,679)
Shares repurchased and retired, shares	(100,000)	(127,000)
Stock options exercised, value	$ 482	$ 2	480
Stock options exercised, shares		23,000
Vesting of restricted stock units, value	1	$ 65	(64)
Vesting of restricted stock units, shares		638,000
Shares withheld for taxes, shares		(206,000)
Shares withheld for taxes, value	(6,292)	$ (21)	(6,271)
Ending Balances, value at Dec. 31, 2024	$ 1,113,313	$ 3,599	$ 534,945	$ 596,010	$ (21,241)
Balances, shares at Dec. 31, 2024	35,992,000	35,992,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income	$ 63,327	$ 64,315	$ 68,229
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	35,911	34,368	33,339
Amortization	10,233	11,042	10,913
Stock-based compensation expense	13,366	15,286	18,485
Provision for doubtful accounts	671	1,321	489
Deferred income taxes	(5,928)	(14,992)	(7,248)
Asset impairments	0	1,075	0
Gain on the sale of property, plant and equipment	0	(101)	(289)
Gain on assets held for sale	0	0	(393)
Changes in operating assets and liabilities:
Accounts receivable	33,953	42,050	(136,455)
Contract assets	7,401	8,634	(28,370)
Inventories	127,840	45,071	(206,247)
Prepaid expenses and other assets	(8,159)	(4,648)	(6,467)
Accounts payable	(18,283)	(35,320)	(16,656)
Advance payments from customers	(61,269)	6,946	79,813
Accrued liabilities	(9,858)	(13,093)	6,303
Operating leases	131	2,414	441
Income taxes	(111)	9,926	6,646
Net cash provided by (used in) operating activities	189,225	174,294	(177,467)
Cash flows from investing activities:
Additions to property, plant and equipment	(31,306)	(73,479)	(43,357)
Additions to capitalized purchased software	(1,947)	(4,260)	(3,417)
Proceeds from the disposal of property, plant and equipment	2,007	649	321
Proceeds from the sale of assets held for sale	0	0	5,372
Other, net	(1,521)	(48)	(93)
Net cash used in investing activities	(32,767)	(77,138)	(41,174)
Cash flows from financing activities:
Borrowings under credit agreement	600,000	749,500	828,000
Principal payments on credit agreement	(674,102)	(743,602)	(633,000)
Dividends paid	(23,913)	(23,455)	(23,156)
Employee taxes paid with shares withheld	(6,292)	(5,761)	(3,201)
Proceeds from stock options exercised	482	129	716
Debt issuance costs	0	(216)	(574)
Principal payments on finance leases	(181)	(173)	(165)
Share repurchases	(5,100)	0	(9,391)
Net cash (used in) provided by financing activities	(109,106)	(23,578)	159,229
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(2,538)	2,205	(4,907)
Net increase (decrease) in cash, cash equivalents and restricted cash	44,814	75,783	(64,319)
Cash, cash equivalents and restricted cash at the beginning of the year	283,213	207,430	271,749
Cash, cash equivalents and restricted cash at the end of the year	328,027	283,213	207,430
Supplemental cash flow information:
Income taxes paid, net	46,727	37,659	28,478
Interest paid	28,032	30,551	11,627
Property, Plant and Equipment [Member]
Non-cash investing activities:
Unpaid purchases at the end of the period	5,025	1,558	23,734
Capitalized Purchased Software Costs [Member]
Cash flows from investing activities:
Additions to capitalized purchased software	(1,900)	(4,300)	(3,400)
Non-cash investing activities:
Unpaid purchases at the end of the period	$ 1,320	$ 0	$ 0

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 63,327	$ 64,315	$ 68,229

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1—Summary of Significant Accounting Policies (a) Business Benchmark Electronics, Inc. (Benchmark or 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: industrial, aerospace and defense (A&D), medical, semiconductor capital equipment (semi-cap), and advanced computing and communications (AC&C). The Company has manufacturing operations located in the United States and Mexico (the Americas), Asia and Europe. (b) Principles of Consolidation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) and include the financial statements of Benchmark Electronics, Inc. and its wholly owned and majority owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. (c) Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid debt instruments with an original maturity at the date of purchase of three months or less to be cash equivalents. Cash equivalents of $ 144.2 million and $ 121.2 million at December 31, 2024 and 2023 , respectively, consisted primarily of money-market funds and time deposits with an initial term of less than three months. Restricted cash represents cash received from customers to settle invoices sold under trade accounts receivable sale program purchase agreements that is contractually required to be set aside until the cash is remitted to the purchaser. (d) Allowance for Doubtful Accounts Accounts receivable are recorded net of allowances for amounts not expected to be collected. In estimating the allowance, management considers a specific customer’s financial condition, payment history, current conditions, and various information or disclosures by the customer or other publicly available information. Accounts receivable are charged against the allowance after all reasonable efforts to collect the full amount (including litigation, where appropriate) have been exhausted. The following table summarizes the activity of the Company’s allowance for doubtful accounts: (in thousands) Balance as of Charges to Deductions Balance as of Year ended December 31, 2024: Allowance for doubtful accounts (1) $ 470 $ 671 $ ( 900 ) $ 241 Year ended December 31, 2023: Allowance for doubtful accounts (1) 514 1,321 ( 1,365 ) 470 Year ended December 31, 2022: Allowance for doubtful accounts (1) 788 489 ( 763 ) 514 (1) Deductions in the allowance for doubtful accounts represent write-offs, net of recoveries, of amounts determined to be uncollectible. (e) Inventories Inventories are stated at the lower of cost (first-in, first-out method) and net realizable value. Costs included in inventories consist of materials, labor and overhead. The carrying amounts of inventories are adjusted for excess and obsolete inventory. Evaluation of excess inventory includes considering factors such as anticipated usage, inventory turnover, inventory levels and product demand levels. Evaluation for obsolete inventory includes considering factors such as the age of on-hand inventory, reduction in value due to damage and design changes. The Company also takes into consideration whether customer agreements specify for the customer to pay for such inventory. (f) Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, which include 5 to 40 years for buildings and building improvements, 2 to 15 years for machinery and equipment, 2 to 12 years for furniture and fixtures and 2 to 8 years for vehicles. Leasehold improvements are amortized using the straight-line method over the shorter of the useful life of the improvement or the remainder of the lease term. (g) Leases Lease assets and liabilities are initially recognized based on the present value of lease payments over the lease term calculated using the Company’s incremental borrowing rate unless the implicit rate is readily determinable. Our incremental borrowing rate represents the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term in a similar economic environment. Lease assets also include any upfront lease payments made and exclude lease incentives. Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the consolidated statement of income. Management elected the short-term lease recognition exemption for all of the Company’s leases that qualify, in addition to the practical expedient, to not separate lease and non-lease components. (h) Goodwill and Other Intangible Assets Goodwill represents the excess of purchase price over fair value of net assets acquired. Goodwill and intangible assets acquired in a business combination and determined to have an indefinite useful life are not amortized, but instead are assessed for impairment at least annually. Other assets, net, primarily consist of acquired identifiable intangible assets and capitalized purchased software costs. Intangible assets, including those acquired in a business combination, with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values. Customer relationships are amortized on a straight-line basis over a period of 10 to 14 years. Capitalized purchased software costs are amortized on a straight-line basis over the estimated useful life of the related software, which ranges from 2 to 14 years . Technology licenses are amortized over their estimated useful lives in proportion to the economic benefits consumed. (i) Impairment of Long-Lived Assets and Goodwill Long-lived assets, such as property, plant, and equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the estimated fair value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or estimated fair value less costs to sell and are no longer depreciated. The Company evaluates goodwill for impairment on an annual basis, during the fourth quarter, and whenever events and changes in circumstances suggest that the carrying amount may be impaired. Circumstances that may lead to the impairment of goodwill include unforeseen decreases in future performance or industry demand or the restructuring of our operations as a result of a change in our business strategy. A qualitative assessment is allowed to determine if goodwill is potentially impaired. Based on this qualitative assessment, if the Company determines that it is more likely than not that the reporting unit’s fair value is less than its carrying value, then it performs a quantitative assessment, otherwise no further analysis is required. In connection with its annual qualitative goodwill impairment assessments as of December 31, 2024 and 2023 , the Company concluded that goodwill was not impaired. (j) 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 shares outstanding adjusted for the incremental shares attributed to outstanding stock equivalents. Stock equivalents include common shares issuable upon the exercise of stock options, vesting of restricted stock units and other equity instruments and are computed using the treasury stock method. Under the treasury stock method, the exercise price of a share and the amount of compensation cost, if any, for future service that the Company has not yet recognized are assumed to be used to repurchase shares in the current period. The following table sets forth the calculation of basic and diluted earnings per share: Year Ended (in thousands, except per share data) 2024 2023 2022 Net income $ 63,327 $ 64,315 $ 68,229 Denominator for basic earnings per share 35,970 35,566 35,179 Incremental common shares attributable to outstanding restricted stock units 786 403 522 Incremental common shares attributable to exercise of dilutive options 3 4 17 Denominator for diluted earnings per share 36,759 35,973 35,718 Earnings per share: Basic $ 1.76 $ 1.81 $ 1.94 Diluted $ 1.72 $ 1.79 $ 1.91 There were no anti-dilutive stock options excluded from the computation of diluted earnings per share in 2024, 2023 and 2022. Restricted s tock units totaling less than 0.1 million common share equivalents for 2024 and 2023 were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive. There were no anti-dilutive restricted stock units in 2022 . (k) Revenue Recognition The Company recognizes revenue as the customer takes control of the manufactured products built to customer specifications. Under the majority of the Company’s manufacturing contracts with customers, the customer controls all of the work-in-progress as products are being built. Revenue under these contracts is 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 the goods are shipped. Revenue from design, development and engineering services is generally recognized over time as the services are performed. The Company’s performance obligations generally have an expected duration of one year or less. The Company applies the practical expedient related to short-term performance obligations and does not disclose information about remaining performance obligations that have original expected durations of one year or less or any significant financing components in the contracts. The Company recognizes the incremental costs, if any, of obtaining contracts as an expense when incurred since the amortization period of the assets that the Company otherwise would have recognized is one year or less. (l) Income Taxes Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. The Company records a valuation allowance to reduce its deferred tax assets to the amounts that are more likely than not to be realized in the future. The Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in assessing the need for a valuation allowance. (m) Stock-Based Compensation 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 $ 13.4 million, $ 15.3 million and $ 18.5 million for 2024, 2023 and 2022, respectively. The future tax benefit of these stock-based awards as of the grant date was $ 3.0 million, $ 3.5 million and $ 4.4 million for 2024, 2023 and 2022, 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 December 31, 2024, the unrecognized compensation costs and remaining weighted-average amortization periods related to stock-based awards were as follows: (in thousands) Time- Performance- (1) Unrecognized compensation cost $ 22,755 $ 3,909 Remaining weighted-average amortization period 2.0 years 2.1 years (1) Based on the probable achievement of the performance goals identified in each award. The total cash received as a result of stock option exercises in 2024, 2023 and 2022 was $ 0.5 million, $ 0.1 million and $ 0.7 million, respectively. The actual tax benefit realized as a result of stock option exercises and the vesting of other share-based awards during 2024, 2023 and 2022 was $ 3.7 million, $ 2.7 million and $ 2.5 million, respectively. For 2024, 2023 and 2022, the total intrinsic value of stock options exercised was $ 0.3 million, $ 0.1 million and $ 0.5 million, respectively. The Company awarded performance-based restricted stock units to employees during 2024, 2023 and 2022. The number of performance-based restricted stock units that will ultimately be earned will not be determined until the end of the corresponding performance periods and may vary from as low as zero to as high as 2.5 times the target number depending on the level of achievement of certain performance goals. The level of achievement of these goals is based upon the financial results of the Company for the last full calendar year within the performance period. The performance goals consist of certain levels of achievement using the following financial metrics: revenue, operating income margin, and return on invested capital. If the performance goals are not met based on the Company’s financial results, the applicable performance-based restricted stock units will not vest and will be forfeited. Shares subject to forfeited performance-based restricted stock units will become available for issuance under the Company’s 2019 Omnibus Incentive Compensation Plan (the 2019 Plan). (n) Use of Estimates Management of the Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements in accordance with U.S. GAAP. However, actual results could differ materially from these estimates. On an ongoing basis, management evaluates these estimates, including those related to accounts receivable, inventories, income taxes, long-lived assets, leases, goodwill, stock-based compensation expense, contingencies and litigation. Actual results could differ from those estimates. (o) Fair Values of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A three-tier fair value hierarchy of inputs is employed to determine fair value measurements as follows: • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets and liabilities; • Level 2 inputs are observable prices that are not quoted on active exchanges, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations in which inputs are observable or in which significant value drivers are observable; and • Level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities. This hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. The Company’s financial instruments include cash equivalents, accounts 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 facility in long-term debt, the Company believes that the fair value approximates the carrying value because the interest rates are variable. As of December 31, 2024 , the fair value estimates for the Company's interest rate swap agreement and foreign currency hedges were based on Level 2 inputs of the fair value hierarchy. See Note 12. (p) Foreign Currency For foreign subsidiaries of the Company using the local currency as their functional currency, assets and liabilities are translated at exchange rates in effect at the balance sheet date and income and expenses are translated at average exchange rates. The effects of these translation adjustments are recognized in other comprehensive income (loss). Exchange gains and losses arising from transactions denominated in a currency other than the functional currency of the entity involved are included in other (expense) income, net. For 2024, 2023 and 2022, the Company recognized a loss of $ 5.2 million, a loss of $ 3.4 million and a gain of $ 0.6 million, respectively. These amounts include the gain (loss) recognized due to forward currency exchange contracts. (q) Derivative Instruments All derivative instruments are recorded on the balance sheet at fair value. The Company uses derivative instruments to manage the variability of foreign currency obligations and interest rates. The Company does not enter into derivative arrangements for speculative purposes. Generally, if a derivative instrument is designated as a cash flow hedge, the change in fair value of the derivative is recognized in other comprehensive income (loss) to the extent the derivative is effective and recognized in the consolidated statement of income when the hedged item affects earnings. Changes in the fair value of derivatives that are not designated as cash flow hedges are recognized in the consolidated statement of income. Cash receipts and cash payments related to derivative instruments are recorded in the same category as the cash flows from the items being hedged on the consolidated statement of cash flows. (r) Government Assistance Programs and Incentives The operation of our business is impacted by various government programs, incentives, and other arrangements. Government incentives are recorded in our consolidated financial statements in accordance with their purpose as a reduction of expense or an offset to the related capital asset. The benefit is generally recognized when all conditions attached to the incentive have been met or are expected to be met and there is reasonable assurance of their receipt. The Company records capital-related incentives as a reduction to property, plant and equipment, net on the consolidated balance sheets and recognizes a reduction to depreciation expense over the useful life of the related acquired asset. The Company records operating grants as a reduction to expense in the same line item on the consolidated statements of operations as the expenditure for which the grant is intended to compensate. For 2024, 2023 and 2022 , the Company recognized government incentives of $ 2.4 million, $ 1.7 million and $ 0.9 million, respectively. As of December 31, 2024, the Company had government incentives of $ 1.7 million recognized in income tax receivable related to capital-related incentives . As of December 31, 2023, the Company had government incentives of $ 0.9 million recognized in prepaid expenses and other assets related to operating grants. There were no unpaid government incentives as of December 31, 2022. (s) Concentrations of Business Risk Substantially all of the Company’s sales are derived from manufacturing services in which the Company purchases components specified by its customers. The Company uses numerous suppliers of electronic components and other materials for its operations. Some components used by the Company have been subject to industry-wide shortages, and suppliers have been forced to allocate available quantities among their customers. The Company’s inability to obtain needed components during periods of allocation could cause delays in manufacturing and could adversely affect the results of operations. (t) New Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07), which requires public entities to disclose information about their reportable segments’ oversight and significant expenses on an interim and annual basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The adoption of ASU 2023-07 did not have a material impact to the Company’s financial statements or financial position. The Company has determined that other recently issued accounting standards will either not have a material impact on its consolidated financial position, results of operations or cash flows, or will not apply to its operations. Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, “Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (ASU 2024-03), which requires public entities to disclose specified information about certain costs and expenses. ASU 2024-03 is effective for annual periods beginning after December 15, 2026. Early adoption is permitted. The Company is currently evaluating the guidance and its impact to the financial statements. 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.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Inventories	Note 2—Inventories Inventory costs are summarized as follows: December 31, December 31, (in thousands) 2024 2023 Raw materials $ 528,424 $ 659,210 Work in process 18,761 22,088 Finished goods 6,469 2,503 Total inventories $ 553,654 $ 683,801

Property, Plant And Equipment

Property, Plant And Equipment	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 3—Property, Plant and Equipment Property, plant and equipment consists of the following: December 31, (in thousands) 2024 2023 Land $ 5,867 $ 5,867 Buildings and building improvements 92,371 81,282 Machinery and equipment 547,658 553,468 Furniture and fixtures 13,812 12,897 Vehicles 947 1,115 Leasehold improvements 68,817 54,754 Construction in progress 10,180 24,658 Total property and equipment, at cost 739,652 734,041 Less: accumulated depreciation ( 514,555 ) ( 506,343 ) Total property, plant and equipment, net $ 225,097 $ 227,698

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 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 December 31, 2024 and 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 $ 100,041 $ ( 76,675 ) $ 23,366 Capitalized purchased software costs 44,316 ( 31,525 ) 12,791 Technology licenses 15,500 ( 15,500 ) — Trade names and trademarks 7,800 — 7,800 Other 868 ( 428 ) 440 Total intangible assets as of December 31, 2024 $ 168,525 $ ( 124,128 ) $ 44,397 (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 During 2024, 2023 and 2022, additions to capitalized purchased software costs were $ 1.9 m illion, $ 4.3 million and $ 3.4 million, respectively. A summary of the components of amortization expense, as presented in the consolidated statements of cash flows, follows: Year Ended (in thousands) 2024 2023 2022 Amortization of intangible assets $ 4,817 $ 5,979 $ 6,384 Amortization of capitalized purchased software costs 4,897 4,564 4,113 Amortization of debt costs 519 499 416 Total amortization expense $ 10,233 $ 11,042 $ 10,913 A summary of the future amortization expense related to the Company's intangible assets held as of December 31, 2024 for each of the next five years follows (in thousands): Year ending December 31, Amortization 2025 $ 4,817 2026 4,817 2027 4,817 2028 4,817 2029 4,218

Borrowing Facilities

Borrowing Facilities	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Borrowing Facilities	Note 5—Borrowing Facilities A summary of the Company’s long-term debt outstanding follows: December 31, (in thousands) 2024 2023 Revolving credit facility $ 135,000 $ 205,000 Term loan 123,047 127,148 Less: unamortized debt issuance costs ( 1,027 ) ( 1,546 ) Total long-term debt, including current installments $ 257,020 $ 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 a L/C Issuer. The Prior Credit Agreement was comprised of a five-year $ 500 million revolving credit facility and a five-year $ 151 million term loan facility, both which had a maturity date of July 20, 2023 . The term loan facility proceeds were used to (i) refinance a portion of existing indebtedness and terminate all commitments under the Company’s prior $ 430 million credit agreement and (ii) pay the fees, costs and expenses associated with the foregoing and the negotiation, execution and delivery of the Prior Credit Agreement. On December 21, 2021, the Company amended and restated the Prior Credit Agreement by entering into a $ 381 million amended and restated credit agreement (the Amended and Restated Credit Agreement). The Amended and Restated Credit Agreement is comprised of a five-year $ 250 million revolving credit facility (the Revolving Credit Facility) and a five-year $ 131.3 million term loan facility (the Term Loan Facility), both extending the original revolving credit facility and term loan facility maturity dates from July 20, 2023 to December 21, 2026 . On May 20, 2022, the Company entered into Amendment No. 1 (the Amendment) to the Amended and Restated Credit Agreement (as amended, the Credit Agreement). The Amendment increased the Revolving Credit Facility commitments from $ 250 million to $ 450 million. The Amendment also established that the interest on outstanding borrowings starting on the next reset date and any new borrowings under the Amendment (other than swingline loans) will accrue, at the Company’s option, at (a) 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) 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 commencing December 31, 2022 through September 30, 2024 and is subject to quarterly principal installments equal to 1.25 % of the initial aggregate term loan advances to be paid from December 31, 2024 until the maturity date. As of December 31, 2024 , a portion of the $ 123.0 million outstanding debt under the Credit Agreement is effectively at a fixed interest rate of 4.039 % as a result of a $ 123.0 million notional interest rate swap contract, which is discussed in Note 12. A commitment fee of 0.20 % to 0.30 % per annum (based on the debt to EBITDA ratio) on the unused portion of the Revolving Credit Facility is payable quarterly in arrears. The Credit Agreement is generally secured by a pledge of (a) all the capital stock of the Company’s domestic subsidiaries and 65 % of the capital stock of its directly owned foreign subsidiaries, (b) all or substantially all other personal property of Benchmark and its domestic subsidiaries (including, but not limited to, accounts receivable, contract assets, inventory, intellectual property and fixed assets of Benchmark and its domestic subsidiaries), in each case, subject to customary exceptions and limitations, and (c) all proceeds and products of the property and assets described in (a) and (b) above. The Credit Agreement contains certain financial covenants related to interest coverage and debt leverage, and certain customary affirmative and negative covenants, including restrictions on the Company’s ability to incur additional debt and liens, pay dividends, repurchase shares, sell assets and merge or consolidate with other persons. Amounts due under the Credit Agreement could be accelerated upon specified events of default, including a failure to pay amounts due, breach of a covenant, material inaccuracy of a representation, or occurrence of bankruptcy or insolvency, subject, in some cases, to cure periods. As of December 31, 2024, the Company had $ 123.0 million in borrowings outstanding under the Term Loan Facility, $ 135.0 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 December 31, 2024, the Company had $ 410.6 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. As of December 31, 2024, the Company's long-term debt matures as follows: $ 6.6 million in 2025 and $ 251.5 million in 2026 . The Company has no maturities after 2026.

Leases

Leases	12 Months Ended
	Dec. 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: Year Ended (in thousands) 2024 2023 2022 Finance lease costs: Amortization of right-of-use assets (included in depreciation expense) $ — $ 48 $ 96 Interest on lease liabilities 12 21 29 Operating lease costs 22,264 19,280 17,485 Short-term lease costs 704 618 307 Variable lease costs 1,924 1,770 1,892 Total lease costs $ 24,904 $ 21,737 $ 19,809 A summary of cash flow information related to leases follows: Year Ended (in thousands) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases $ 22,018 $ 17,702 $ 17,277 Operating cash flows used for finance leases 12 21 29 Financing cash flows used for finance leases 181 173 165 Right-of-use assets obtained in exchange for new operating lease liabilities 4,921 56,834 11,694 A summary of other information about our leases follows: December 31, (dollars in thousands) 2024 2023 Operating lease right-of-use assets $ 117,995 $ 130,830 Finance lease liabilities, current (included in current installments of long-term debt) $ 174 $ 181 Finance lease liabilities, noncurrent (included in long-term debt) $ — $ 174 Operating lease liabilities, current (included in accrued liabilities) $ 17,170 $ 15,486 Operating lease liabilities, noncurrent $ 108,997 $ 123,385 Weighted average remaining lease term – finance leases 0.9 years 1.9 years Weighted average remaining lease term – operating leases 8.9 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 December 31, 2024 follows (in thousands): Year ending December 31, Operating Finance 2025 $ 22,154 $ 177 2026 17,819 — 2027 15,923 — 2028 15,001 — 2029 14,558 — 2030 and thereafter 69,122 — Total minimum lease payments 154,577 177 Less: imputed interest ( 28,410 ) ( 3 ) Total present value of lease liabilities $ 126,167 $ 174 As of December 31, 2024 , the Company had no significant lease commitments that had not yet commenced.

Common Stock and Stock-Based Aw

Common Stock and Stock-Based Awards	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Common Stock and Stock-Based Awards	Note 7—Common Stock and Stock-Based Awards Dividends The Company began declaring and paying quarterly dividends during the first quarter of 2018. The Company declared dividends per share of common stock of $ 0.165 in 2022, 2023 and the first and second quarters of 2024, and $ 0.17 in the third and fourth quarters of 2024. D uring 2024, 2023 and 2022, cash dividends paid totaled $ 23.9 million, $ 23.5 million and $ 23.2 million, respectively. In July 2024, the Board of Directors approved a quarterly dividend increase, raising the quarterly dividend from $ 0.165 to $ 0.17 per common share. On December 9, 2024, the Company announced that the Board of Directors declared a quarterly cash dividend of $ 0.17 per share of the Company’s common stock to shareholders of record as of December 31, 2024. The dividend of $ 6.1 million was paid on January 14, 2025. 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, the Board of Directors authorized the Company to repurchase up to $ 100 million in common stock. Subsequently, on February 19, 2020, the Board approved an additional share repurchase authorization, allowing the Company to buy back another $ 150 million in common stock. Share purchases may be made in the open market, in privately negotiated transactions or block transactions, at the discretion of the Company’s management and as market conditions warrant. Purchases will be funded from available cash and may be commenced, suspended or discontinued at any time without prior notice. Shares repurchased under the program are retired. During 2024, the Company repurchased 0.1 million shares for an aggregate of $ 5.1 million, at an average price of $ 40.27 per share. The Company did no t repurchase shares in 2023. During 2022 , the Company repurchased a total of 0.4 million common shares for an aggregate of $ 9.4 million at an average price of $ 24.96 per share. As of December 31, 2024, the Company had $ 149.5 million remaining under share its repurchase authorization. Stock-Based Compensation Under 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 three-year or four-year period from the date of grant and typically have a term of 10 years. Time-based restricted stock units granted prior to 2024 to employees generally vest over a four-year period from the date of grant and are generally subject to continued employment with the Company. Beginning in 2024, time-based restricted stock units granted to employees generally vest over a three-year period from the date of grant and are generally 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 December 31, 2024, the Company had 1.8 million common shares available for issuance under the 2019 Plan. The following table summarizes the activities related to the Company's stock options: (in thousands, except per share data and years) Number of Weighted- Weighted- Aggregate Outstanding as of December 31, 2021 132 $ 20.06 Exercised ( 53 ) 17.16 Forfeited or expired ( 22 ) 22.36 Outstanding as of December 31, 2022 57 $ 21.85 Exercised ( 17 ) 19.52 Forfeited or expired ( 3 ) 20.11 Outstanding as of December 31, 2023 37 $ 23.07 Exercised ( 34 ) 23.07 Forfeited or expired ( 2 ) 22.99 Outstanding and exercisable as of December 31, 2024 1 $ 23.14 0.1 $ 9 The aggregate intrinsic value, as presented in the table above, is calculated before income taxes and is the difference between the exercise price of the underlying stock options and the Company’s closing stock price as of the last business day of 2024 for outstanding stock options that had exercise prices below the closing stock 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, 2021 1,057 $ 28.02 Granted 616 25.90 Vested ( 407 ) 28.08 Forfeited ( 81 ) 27.44 Non-vested awards outstanding as of December 31, 2022 1,185 $ 26.93 Granted 724 24.13 Vested ( 490 ) 26.92 Forfeited ( 173 ) 25.91 Non-vested awards outstanding as of December 31, 2023 1,246 $ 25.43 Granted 633 31.39 Vested ( 499 ) 25.72 Forfeited ( 192 ) 26.82 Non-vested awards outstanding as of December 31, 2024 1,188 $ 28.30 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, 2021 542 $ 28.06 Granted (1) 177 25.97 Forfeited ( 174 ) 27.29 Non-vested awards outstanding as of December 31, 2022 545 $ 27.62 Granted (1) 244 25.30 Vested ( 242 ) 28.30 Forfeited ( 105 ) 26.98 Non-vested awards outstanding as of December 31, 2023 442 $ 26.12 Granted (1) 214 30.78 Vested ( 139 ) 28.60 Forfeited ( 103 ) 26.57 Non-vested awards outstanding as of December 31, 2024 414 $ 25.82 (1) Represents target number of awards that can vest based on the achievement of the performance goals.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 8—Income Taxes Income tax expense (benefit) consisted of the following: Year Ended December 31, (in thousands) 2024 2023 2022 Current: U.S. Federal $ ( 1,587 ) $ 2,989 $ 903 State and local 358 587 107 Foreign 27,725 28,321 22,351 Total current taxes 26,496 31,897 23,361 Deferred: U.S. Federal ( 5,910 ) ( 6,206 ) ( 6,544 ) State and local 809 ( 1,612 ) ( 1,734 ) Foreign ( 827 ) ( 7,174 ) 1,030 Total deferred taxes ( 5,928 ) ( 14,992 ) ( 7,248 ) Total income tax expense $ 20,568 $ 16,905 $ 16,113 Income (loss) before income taxes consisted of the following: Year Ended December 31, (in thousands) 2024 2023 2022 United States $ ( 32,871 ) $ ( 31,534 ) $ ( 45,390 ) Foreign 116,766 112,754 129,732 Total income before income taxes $ 83,895 $ 81,220 $ 84,342 Income tax expense differed from the amounts computed by applying the U.S. Federal statutory income tax rate to income (loss) before income taxes as follows: Year Ended December 31, (in thousands) 2024 2023 2022 Tax at statutory rate $ 17,618 $ 17,056 $ 17,713 State taxes, net of federal tax effect 923 ( 809 ) ( 1,285 ) Effect of foreign operations and tax incentives ( 3,110 ) ( 7,474 ) ( 5,954 ) Permanent differences ( 5,046 ) 6,768 3,105 Change in valuation allowance 8,155 ( 241 ) 41 Global minimum tax 1,038 — — GILTI and other foreign income inclusion 1,429 ( 450 ) 1,768 Stock-based compensation ( 423 ) 623 447 Non-deductible compensation 1,370 1,883 807 Change in uncertain tax benefit reserve — 370 40 Other ( 1,386 ) ( 821 ) ( 569 ) Total income tax expense $ 20,568 $ 16,905 $ 16,113 The U.S. Tax Cuts and Jobs Act (U.S. Tax Reform), which was signed into law on December 22, 2017, significantly changed U.S. tax law by, among other things, lowering corporate income tax rates to 21 % from 35 %, implementing a territorial tax system, adding a global intangible taxation regime (GILTI) and imposing a transition tax (Transition Tax) on deemed repatriated cumulative earnings of foreign subsidiaries. U.S. Tax Reform enacted a new global intangible low-taxed income (GILTI) provision that requires the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiaries' tangible assets. The taxable earnings can be offset by a limited deemed paid foreign tax credit with no carrybacks or carryforwards available. The Company is subject to the GILTI provisions. The Company accounts for the GILTI as a period cost and includes the effect in the period in which it is incurred and it is not included as a factor in the determination of deferred taxes. A Global Minimum Tax (GMT) directive has been enacted by the Organization for Economic Cooperation and Development (OECD) and various foreign jurisdictions have implemented new laws based on the directive effective as of January 1, 2024. The GMT has been implemented by several international jurisdictions where the Company conducts its manufacturing operations. The adoption by these jurisdictions of the GMT requires that the Company's applicable foreign operations 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% for the jurisdiction. The Company has included in its income tax expense for the calendar year ended December 31, 2024 an estimated amount of GMT for its foreign subsidiaries as required under the applicable GMT rules of the jurisdictions that have adopted the GMT directives. The Company incurred a total Transition Tax liability of $ 80.5 million after reduction for net operating loss carryforwards, U.S. tax credit carryforwards and foreign tax credit carryforwards that were allowed to be utilized against its total tax liability as of December 31, 2017. The Company made an election to pay the net tax liability in installments. The Company has a total Transition Tax liability remaining as of December 31, 2024 of $ 20.1 million. The Company intends to pay this remaining liability in 2025. The $ 20.1 million is included in current liabilities as of December 31, 2024. During 2024, 2023 and 2022, the Company repatriated $ 55.0 mi llion, $ 70.0 million and $ 20.0 million, respectively, of foreign earnings to the United States. As of December 31, 2024, the Company has approximately $ 514.3 million in cumulative undistributed foreign earnings related to its foreign subsidiaries. These earnings would not be subject to U.S. federal income tax if distributed to the Company. The Company changed its assertion during 2018 on its foreign subsidiaries earnings that are permanently reinvested. A certain amount of earnings from specific foreign subsidiaries are permanently reinvested, and certain foreign earnings from other specific foreign subsidiaries 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 earning s, including the 2017 Transition Tax, the U.S. tax on GILTI and any applicable foreign or local withholding taxes. The Company estimates that it has approximately $ 12.1 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 o n GILTI, and any applicable foreign income tax or local withholding tax on cash distributions. The tax effects of temporary differences that give rise to significant portions of the Company's deferred tax assets and liabilities were as follows: December 31, (in thousands) 2024 2023 Deferred tax assets: Carrying value of inventories $ 3,904 $ 5,782 Accrued liabilities and allowances deductible for tax purposes on a cash basis 8,317 10,213 Goodwill 254 554 Stock-based compensation 5,973 5,853 Operating lease liabilities 30,063 33,260 Net operating loss carryforwards 26,014 12,662 Tax credit carryforwards 6,677 7,372 Research and experimentation 18,580 15,861 Interest rate swap and foreign exchange hedging 970 — Other 10,484 8,540 Total gross deferred tax assets 111,236 100,097 Less: valuation allowance ( 26,657 ) ( 18,502 ) Total net deferred tax assets 84,579 81,595 Deferred tax liabilities: Plant and equipment, due to differences in depreciation ( 11,469 ) ( 10,652 ) Operating lease right-of-use assets ( 29,802 ) ( 32,999 ) Intangible assets, due to differences in amortization ( 7,830 ) ( 8,946 ) Foreign taxes ( 898 ) ( 898 ) Interest rate swap and foreign exchange hedging — ( 52 ) Other ( 688 ) ( 1,105 ) Total gross deferred tax liabilities ( 50,687 ) ( 54,652 ) Total net deferred tax assets $ 33,892 $ 26,943 The net deferred tax assets are classified as follows: Long-term assets $ 33,892 $ 26,943 Long-term liabilities — — Total net deferred tax assets $ 33,892 $ 26,943 All of the Company's deferred tax assets and liabilities are classified as long-term on the consolidated balance sheets as of December 31, 2024 and 2023. Deferred tax assets and liabilities are offset for each tax jurisdiction and presented as a single net long-term amount on the consolidated balance sheet. During 2024 and 2023, the Company incurred and capitalized certain research and experimentation expenses that are required to be capitalized as an amortizable asset under Internal Revenue Code (IRC) Section 174 and to be amortized over a period of five years. This requirement is based on the implementation of the U.S. Tax Reform Act of 2017 and became effective on January 1, 2022. As of December 31, 2024, the Company's net deferred tax asset from capitalized research and experimentation expenses wa s $ 18.6 million . The net change in the Company's valuation allowance for 2024, 2023 and 2022 was a $ 8.2 million increase, $ 0.2 million decrease and a less than $ 0.1 million increase, respectively. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. As of December 31, 2024, based upon the level of historical taxable income and projections for future taxable income over the periods which the deferred tax assets are deductible, management believes it is more likely than not the Company will realize the benefits of these deductible differences, net of the existing valuation allowances. As of December 31, 2024, the Company has U.S. state operating loss carryforw ards of approximately $ 20.5 million which will expire from 2037 to 2044 ; foreign operating loss carryforwards of approximately $ 11.7 million with indefinite carryforward periods; and foreign operating loss carryforwards of approximately $ 76.9 million which will expire at varying dates through 2034 . The utilization of these net operating loss carryforwards is limited to the future operations of the Company in the tax jurisdictions in which such carryforwards arose. The Company has state tax credit carryforwards of $ 0.1 million which will expire at varying dates through 2026 . The Company also has U.S. research and development tax credit carryforwards of $ 6.6 million which w ill expire from 2038 through 2044 . The Company has been granted certain tax incentives, including tax holidays, for its subsidiaries in Thailand and China 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 will expire on December 31, 2026 . In the fourth quarter of 2024, the Company was awarded a China tax holiday retroactive to January 1, 2024 through December 31, 2026. The tax holiday reduces the statutory tax rate from 25 % to 15 %. The net impact of the current tax incentives was to lower income tax expense for 2024, 2023, and 2022 by approximately $ 5.8 million (approximately $ 0.16 per diluted share), $ 6.3 million (approximately $ 0.17 per diluted share) and $ 9.0 million (approximately $ 0.25 per diluted share), respectively, as follows: Year Ended (in thousands) 2024 2023 2022 Thailand $ 4,110 $ 4,923 $ 8,362 China 1,663 1,338 643 Total tax incentives $ 5,773 $ 6,261 $ 9,005 The Company must determine whether it is “more-likely-than-not” that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Once it is determined that a position meets the more-likely-than-not recognition threshold, the position is measured to determine the amount of benefit to recognize in the consolidated financial statements. As of December 31, 2024, the total amount of the reserve for uncertain tax benefits, including interest and penalties, was $ 7.3 million. A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows: December 31, (in thousands) 2024 2023 2022 Balances as of the beginning of the year $ 9,061 $ 9,061 $ 9,121 Additions related to current year tax positions — — — Additions related to prior year tax positions — — — Decreases related to prior year tax positions ( 1,775 ) — — Decreases related to lapse of statutes — — ( 60 ) Balances as of the end of the year $ 7,286 $ 9,061 $ 9,061 During 2024, there were decreases of prior year tax positions due to settlements of tax examinations. During 2023 , there were no uncertain tax position changes. During 2022 , the Company released less than $ 0.1 million of uncertain tax benefits related to lapse of statutes. The reserve is classified as a current or long-term liability on the consolidated balance sheet based on the Company’s expectation of when the items will be settled. The Company records interest expense and penalties accrued in relation to uncertain tax benefits as a component of current income tax expense. As of December 31, 2024 , the Company did no t have any accrued potential interest on unrecognized tax benefits included in the reserve. 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 2018 to 2024. 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	12 Months Ended
	Dec. 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: Year Ended December 31, 2024 (in thousands) Americas Asia Europe Total Market sector: Semi-Cap $ 212,466 $ 389,630 $ 121,139 $ 723,235 Industrial 130,280 331,222 111,769 573,271 Medical 236,070 167,617 46,996 450,683 A&D 370,486 15,468 48,014 433,968 AC&C 328,400 146,478 70 474,948 External revenue 1,277,702 1,050,415 327,988 2,656,105 Elimination of intersegment sales 52,659 40,734 11,349 104,742 Segment revenue $ 1,330,361 $ 1,091,149 $ 339,337 $ 2,760,847 Year Ended December 31, 2023 (in thousands) Americas Asia Europe Total Market sector: Semi-Cap $ 262,117 $ 283,870 $ 100,305 $ 646,292 Industrial 127,491 345,465 123,522 596,478 Medical 329,816 182,532 44,204 556,552 A&D 304,932 29,153 27,446 361,531 AC&C 509,631 168,436 56 678,123 External revenue 1,533,987 1,009,456 295,533 2,838,976 Elimination of intersegment sales 77,796 46,482 4,302 128,580 Segment revenue $ 1,611,783 $ 1,055,938 $ 299,835 $ 2,967,556 Year Ended December 31, 2022 (in thousands) Americas Asia Europe Total Market sector: Semi-Cap $ 286,322 $ 357,634 $ 78,146 $ 722,102 Industrial 89,949 363,398 140,258 593,605 Medical 319,823 228,571 44,500 592,894 A&D 286,230 43,701 17,654 347,585 AC&C 428,630 201,073 442 630,145 External revenue 1,410,954 1,194,377 281,000 2,886,331 Elimination of intersegment sales 64,976 57,100 3,100 125,176 Segment revenue $ 1,475,930 $ 1,251,477 $ 284,100 $ 3,011,507 The timing of revenue recognition, billings and cash collections result in billed accounts receivable, contract assets and advance payments from customers. During 2024, 2023 and 2022, 86.8 % , 87.9 % and 90.8 % , respectively, of the Company’s revenue was recognized as products and services 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: Year Ended (in thousands) 2024 2023 Balance as of the beginning of the year $ 174,979 $ 183,613 Revenue recognized 2,304,221 2,495,298 Amounts collected or invoiced ( 2,311,622 ) ( 2,503,932 ) Balance as of the end of the period $ 167,578 $ 174,979 As of December 31, 2024 and 2023, the Company had $ 143.6 million and $ 204.9 million, respectively, in advance payments from customers. Of those amounts $ 132.5 million and $ 191.6 million, respectively, were related to both customer deposits and prepayments of inventory and $ 11.1 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.

Segment, Geographic Information

Segment, Geographic Information and Major Customer	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segment, Geographic Information and Major Customer	Note 10—Segment, Geographic Information and Major Customer The Company’ s Chief Executive Officer is our Chief Operating Decision Maker (CODM) who evaluates how resources are allocated, assesses performance and makes strategic and operational decisions. 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. We provide manufacturing services, design and engineering services, and technology solutions in the Americas, Asia and Europe. 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: Americas, Asia, and Europe. Information about the Company's operating segments follows: (in thousands) Americas Asia Europe Total 2024 Sales from external customers $ 1,277,702 $ 1,050,415 $ 327,988 $ 2,656,105 Intersegment sales 52,659 40,734 11,349 104,742 $ 1,330,361 $ 1,091,149 $ 339,337 $ 2,760,847 Reconciliation of sales Elimination of intersegment sales ( 104,742 ) Sales $ 2,656,105 Less: Cost of sales 1,201,073 895,842 292,115 Selling, general and administrative expenses 31,064 13,878 9,601 Other (1) 5,350 387 4 Segment income from operations $ 40,215 $ 140,308 $ 26,268 $ 206,791 Reconciliation of income before income taxes Other - corporate and eliminations (2) ( 97,380 ) Interest expense ( 26,922 ) Interest income 10,208 Other (expense) income, net ( 8,802 ) Income before income taxes $ 83,895 (in thousands) Americas Asia Europe Total 2023 Sales from external customers $ 1,533,987 $ 1,009,456 $ 295,533 $ 2,838,976 Intersegment sales 77,796 46,482 4,302 128,580 $ 1,611,783 $ 1,055,938 $ 299,835 $ 2,967,556 Reconciliation of sales Elimination of intersegment sales ( 128,580 ) Sales $ 2,838,976 Less: Cost of sales 1,431,551 871,882 269,878 Selling, general and administrative expenses 30,905 13,096 8,108 Other (1) 8,047 199 167 Segment income from operations $ 63,484 $ 124,279 $ 17,380 $ 205,143 Reconciliation of income before income taxes Other - corporate and eliminations (2) ( 95,479 ) Interest expense ( 31,875 ) Interest income 6,256 Other (expense) income, net ( 2,825 ) Income before income taxes $ 81,220 (in thousands) Americas Asia Europe Total 2022 Sales from external customers $ 1,410,954 $ 1,194,377 $ 281,000 $ 2,886,331 Intersegment sales 64,976 57,100 3,100 125,176 $ 1,475,930 $ 1,251,477 $ 284,100 $ 3,011,507 Reconciliation of sales Elimination of intersegment sales ( 125,176 ) Sales $ 2,886,331 Less: Cost of sales 1,321,316 1,047,354 257,493 Selling, general and administrative expenses 29,654 12,067 6,621 Other (1) 4,781 305 — Segment income from operations $ 55,203 $ 134,651 $ 16,886 $ 206,740 Reconciliation of income before income taxes Other - corporate and eliminations (2) ( 116,671 ) Interest expense ( 12,894 ) Interest income 1,730 Other (expense) income, net 5,437 Income before income taxes $ 84,342 (1) Includes expenses for amortization of intangible assets and restructuring charges and other costs. (2) Includes corporate expenses for unallocated expenses, amortization of intangible assets and restructuring charges and other costs and elimination of intersegment cost of sales. Year Ended (in thousands) 2024 2023 2022 Depreciation and amortization: Americas $ 21,136 $ 20,940 $ 19,574 Asia 10,277 9,746 10,192 Europe 3,596 3,226 3,289 Corporate 11,135 11,498 11,197 Total depreciation and amortization $ 46,144 $ 45,410 $ 44,252 Capital expenditures: Americas $ 13,692 $ 38,627 $ 30,105 Asia 14,049 25,286 10,534 Europe 3,585 7,098 4,509 Corporate 1,927 6,728 1,626 Total capital expenditures $ 33,253 $ 77,739 $ 46,774 December 31, (in thousands) 2024 2023 Assets: Americas $ 866,595 $ 1,064,047 Asia 821,252 769,744 Europe 225,872 222,591 Corporate 225,745 218,373 Total assets $ 2,139,464 $ 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 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: Year Ended (in thousands) 2024 2023 2022 Geographic sales: United States $ 1,488,297 $ 1,737,144 $ 1,569,232 Singapore 463,553 383,914 457,889 Other Asia 215,898 210,927 332,144 Europe 406,514 402,514 387,276 Other 81,843 104,477 139,790 Total sales $ 2,656,105 $ 2,838,976 $ 2,886,331 December 31, (in thousands) 2024 2023 Long-lived assets: United States $ 215,536 $ 231,740 Asia 89,249 79,203 Europe 39,936 42,934 Other 64,506 66,072 Total long-lived assets $ 409,227 $ 419,949 The Company’s customers operate in industries that are, to a varying extent, subject to rapid technological change, vigorous competition and short product life cycles. Developments adverse to the electronics industry, the Company’s customers or their products could impact the Company’s overall credit risk. The Company extends credit based on evaluation of its customers’ financial condition and generally does not require collateral or other security from its customers and would incur a loss equal to the carrying value of the accounts receivable if its customer failed to perform according to the terms of the credit arrangement. Sales to the Company's ten largest customers represented 50 % , 52 % and 52 % of our consolidated sales for 2024, 2023 and 2022, respectively. The Company had sales to the following customer that exceeded 10 % of the Company's consolidated sales: Year Ended December 31, 2024 2023 2022 Applied Materials, Inc. and subsidiaries 14 % 12 % 15 % Sales attributable to this customer were reported in the Americas and Asia operating segments. As of December 31, 2024 and 2023 , the Company had one customer whose gross accounts receivable exceeded 10 % of consolidated gross accounts receivable. This customer represented 12 % and 16 % of consolidated gross accounts receivable as of December 31, 2024 and 2023 , respectively.

Accounts Receivable Sale Progra

Accounts Receivable Sale Program	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Accounts Receivable Sale Program	Note 11—Accounts Receivable Sale Program As of December 31, 2024, in connection with a trade accounts receivable sale program with unaffiliated financial institutions, the Company may elect to sell, at a discount, on an ongoing basis, up to a maximum of $ 200.0 million of specific accounts receivable at any one time. During 2024, 2023 and 2022 , the Company sold $ 600.0 million, $ 565.4 million and $ 445.4 million, respectively, of accounts receivable under this program, and in exchange, the Company received cash proceeds of $ 595.9 million, $ 560.9 million and $ 443.6 million, respectively, net of the discount. The Company recognizes the loss on sale resulting from the discount in other (expense) income, net in its consolidated statements of income.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Financial Instruments	Note 12—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 facility 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 Company utilizes forward currency exchange contracts to manage its foreign currency exposure. 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. During 2024, the Company recorded an unrealized loss of $ 6.4 million ($ 4.8 million net of tax) on the forward currency exchange contracts in other comprehensive income (loss) and transferred unrealized gains of $ 0.6 million to cost of sales. During 2023 , the Company recorded an unrealized gain of $ 2.3 million ($ 1.7 million net of tax) on the forward currency exchange contracts in other comprehensive income (loss) and transferred unrealized gains of $ 3.1 million to cost of sales. During 2022 , the Company recorded an unrealized gain of $ 0.6 million ($ 0.4 million net of tax) on the forward currency exchange contracts in other comprehensive income (loss) and transferred unrealized gains of $ 0.5 million to cost of sales. The Company also has forward currency exchange contracts in place as of December 31, 2024 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. As of December 31, 2024, the fair value estimates for the Company ’ s forward currency exchange contracts were based on Level 2 inputs of the fair value hierarchy, which includes obtaining directly or indirectly observable values from third parties active in the relevant markets. Inputs in the fair value of the foreign currency forward contracts include prevailing forward and spot prices for currencies. The Company enters into forward currency exchange contracts for its operations in Mexico, Europe and Asia. The Company utilizes an interest rate swap agreement to hedge a portion of its interest rate exposure on outstanding borrowings under the Credit Agreement. The Company entered into a new interest rate swap agreement on July 20, 2023 and as of December 31, 2024, the notional amount of this interest rate swap agreement was $ 123.0 million. 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 fixed interest rate for the contract is 4.039 % . 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 contract was determined to be highly effective, and thus qualifies and has been designated as a cash flow hedge. As such, changes in the fair value of the interest rate swap are recorded in accumulated other comprehensive loss on the consolidated balance sheet until earnings are affected by the variability of cash flows. As of December 31, 2023 , the notional amount of the Company's previous interest rate swap agreement was $ 127.1 million and the fixed interest rate for the contract was 4.039 % . During 2024, the Company recorded an unrealized gain of $ 2.3 million ($ 1.8 million net of tax) on interest rate swaps in other comprehensive income (loss). During 2023, the Company recorded an unrealized loss of $ 3.1 million ($ 2.3 million net of tax) on the previous interest rate swap in other comprehensive income (loss). During 2022 , the Company recorded an unrealized gain of $ 5.0 million ($ 3.7 million net of tax) on the previous interest rate swap in other comprehensive income (loss). See Note 13. As of December 31, 2024 and 2023, 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 obtained 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 fair values of the Company’s derivative instruments were as follows: December 31, December 31, (in thousands) Balance Sheet Location 2024 2023 Derivatives designated as hedging instruments: Forward currency exchange contracts Other long-term assets (liabilities) $ ( 3,745 ) $ 2,664 Interest rate swap agreement Other long-term assets (liabilities) ( 114 ) ( 2,458 ) Financial instruments that subject the Company to credit risk consist of cash and cash equivalents, restricted cash and trade accounts receivable. The Company maintains cash and cash equivalents with recognized financial institutions. One of the most significant credit risks is the ultimate realization of accounts receivable. This risk is mitigated by (i) sales generally are to well established companies, (ii) performing ongoing credit evaluation of customers, and (iii) engaging in frequent contact with customers, thus enabling management to monitor current changes in their business operations and respond accordingly. Management believes its allowance for doubtful accounts is adequate as of December 31, 2024 . Concentrations of credit risk related to trade accounts receivable resulting from sales to major customers are discussed in Note 10.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Note 13—Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss by component were as follows: (in thousands) Foreign Derivative Other Total Balances, December 31, 2021 $ ( 12,729 ) $ ( 3,372 ) $ ( 1,057 ) $ ( 17,158 ) Other comprehensive gain (loss) before reclassifications ( 3,148 ) 4,641 ( 87 ) 1,406 Amounts reclassified from accumulated — ( 481 ) — ( 481 ) Total other comprehensive income (loss) ( 3,148 ) 4,160 ( 87 ) 925 Balances, December 31, 2022 $ ( 15,877 ) $ 788 $ ( 1,144 ) $ ( 16,233 ) Other comprehensive gain (loss) before reclassifications 2,119 2,444 37 4,600 Amounts reclassified from accumulated 845 ( 3,072 ) — ( 2,227 ) Total other comprehensive income (loss) 2,964 ( 628 ) 37 2,373 Balances, December 31, 2023 $ ( 12,913 ) $ 160 $ ( 1,107 ) $ ( 13,860 ) Other comprehensive gain (loss) before reclassifications ( 4,533 ) ( 2,459 ) 196 ( 6,796 ) Amounts reclassified from accumulated — ( 585 ) — ( 585 ) Total other comprehensive income (loss) ( 4,533 ) ( 3,044 ) 196 ( 7,381 ) Balances, December 31, 2024 $ ( 17,446 ) $ ( 2,884 ) $ ( 911 ) $ ( 21,241 ) See Note 12 for further discussion about the Company’s derivative instruments.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	Note 14—Employee Benefit Plans The Company has defined contribution plans qualified under Section 401(k) of the Internal Revenue Code for the benefit of all its U.S. employees. The Company’s contributions to the plans are based on employee contributions and compensation. During 2024, 2023 and 2022, the Company made contributions to the U.S. plans of approximately $ 7.0 million, $ 7.3 million and $ 6.5 million, respectively. The Company also has defined contribution plans for certain of its international employees primarily dictated by the customs of the regions in which it operates. During 2024, the Company made contributions to the international plans of approximately $ 0.3 million. During 2023 and 2022, the Company made contributions to the international plans of approximately $ 0.1 million each year.

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Note 15—Contingencies On January 7, 2025, our Guadalajara subsidiary Benchmark Electronics de Mexico S. de R.L. de C.V. (Benchmark Guadalajara) received a tax assessment from the Jalisco, Mexico office of customs and taxing authorities (Servicio de Administracion Tributaria (SAT)) asserting that Benchmark Guadalajara owes approximately $ 12.0 million in import duties, customs penalties, fees and surcharges relating to goods imported by Benchmark Guadalajara into Mexico in the first quarter of 2016. Benchmark Guadalajara disagrees with the findings in the tax assessment and is pursuing available administrative and judicial appeals and related reimbursement and offset opportunities. It is reasonably possible that Benchmark Guadalajara will be required to make a payment to satisfy the assessment levied by SAT; however, the Company believes the administrative and judicial appeals may ultimately prove successful and an estimate of loss cannot be made at this time. The Company is involved in various legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the Company’s consolidated financial position or results of operations.

Restructuring Charges and Other

Restructuring Charges and Other Costs	12 Months Ended
	Dec. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring Charges and Other Costs	Note 16—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 2024, 2023 and 2022, the Company recognized $ 6.3 million, $ 7.3 million and $ 5.7 million of restructuring charges. In 2024, these changes primarily related to capacity and workforce reductions at its sites in the Americas. In 2023 and 2022, these charges primarily related to the previously announced closures of its sites in San Jose, California, Angleton, Texas, and Moorpark, California in the Americas, and other smaller activities involving capacity reductions and reductions in workforce in certain facilities across various regions. San Jose, California operations ceased, and all restructuring activity was complete as of March 31, 2022. Angleton, Texas operations ceased, and all restructuring activity was complete as of June 30, 2022 upon the disposition of the facility. Moorpark, California operations ceased as of March 31, 2023 with restructuring activity substantially complete by the end 2023. Accrued restructuring costs are included in accrued liabilities on the consolidated balance sheet. The following table summarizes the 2024 activity in accrued restructuring costs: (in thousands) Balances as of Restructuring Cash Non-Cash Balances as of Severance costs $ 35 $ 4,844 $ ( 4,670 ) $ — $ 209 Lease facility costs 9 ( 9 ) — — — Other exit costs 81 1,501 ( 1,582 ) — — Total accrued restructuring costs $ 125 $ 6,336 $ ( 6,252 ) $ — $ 209 The components of restructuring charges during 2024 were as follows: Year Ended December 31, 2024 (in thousands) Americas Asia Europe Total Severance costs $ 4,473 $ 371 $ — $ 4,844 Lease facility costs — ( 9 ) — ( 9 ) Other exit costs 1,501 — — 1,501 Total restructuring charges $ 5,974 $ 362 $ — $ 6,336 The following table summarizes the 2023 activity in accrued restructuring costs: (in thousands) Balances as of Restructuring Cash Non-Cash Balances as of Severance costs $ 3,683 $ 4,508 $ ( 8,156 ) $ — $ 35 Lease facility costs 17 176 ( 184 ) — 9 Other exit costs 81 2,643 ( 2,643 ) — 81 Total accrued restructuring costs $ 3,781 $ 7,327 $ ( 10,983 ) $ — $ 125 The components of restructuring charges during 2023 were as follows: Year ended December 31, 2023 (in thousands) Americas Asia Europe Total Severance costs $ 4,226 $ — $ 282 $ 4,508 Lease facility costs 176 — — 176 Other exit costs 2,640 — 3 2,643 Total restructuring charges $ 7,042 $ — $ 285 $ 7,327 The following table summarizes the 2022 activity in accrued restructuring costs: (in thousands) Balances as of Restructuring Cash Non-Cash Balances as of Severance costs $ 3,257 $ 2,428 $ ( 1,713 ) $ ( 289 ) $ 3,683 Lease facility costs 17 1,261 ( 1,261 ) — 17 Other exit costs 237 2,021 ( 2,056 ) ( 121 ) 81 Total accrued restructuring costs $ 3,511 $ 5,710 $ ( 5,030 ) $ ( 410 ) $ 3,781 The components of restructuring charges during 2022 were as follows: Year ended December 31, 2022 (in thousands) Americas Asia Europe Total Severance costs $ 2,298 $ 130 $ — $ 2,428 Lease facility costs 1,261 — — 1,261 Other exit costs 2,021 — — 2,021 Total restructuring charges $ 5,580 $ 130 $ — $ 5,710 During 2023, the Company made the decision to no longer continue certain manufacturing capabilities in the Americas. In connection with that decision, the Company assessed the facility and equipment assets used in those manufacturing capabilities and recorded $ 1.1 million of impairment charges as a result of that assessment. The asset impairment charges are included in restructuring charges and other costs in the consolidated statement of income for 2023. During 2021, the Company made the decision to no longer continue certain manufacturing capabilities in the Americas. In connection with that decision, the Company assessed the facility and equipment assets used in those manufacturing capabilities using valuation information from third parties and recorded $ 4.4 million of impairment charges as a result of that assessment. The asset impairment charges are included in restructuring charges and other costs in the consolidated statements of income for 2021. During 2022, the Company completed the sale of the related equipment fo r $ 1.3 million and recorded a loss on assets held for sale of $ 2.0 million, which is included in restructuring charges and other costs in the consolidated statement of income. Additionally, during 2022, the Company completed the sale of a building in Angleton, Texas for $ 4.3 million and recorded a gain on assets held for sale of $ 2.4 million which is also included in restructuring charges and other costs. Furthermore, during 2022, the Company agreed to $ 3.3 million in legal settlements that are included in restructuring charges and other costs.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Business	(a) Business Benchmark Electronics, Inc. (Benchmark or 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: industrial, aerospace and defense (A&D), medical, semiconductor capital equipment (semi-cap), and advanced computing and communications (AC&C). The Company has manufacturing operations located in the United States and Mexico (the Americas), Asia and Europe.
Principles of Consolidation	(b) Principles of Consolidation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) and include the financial statements of Benchmark Electronics, Inc. and its wholly owned and majority owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Cash, Cash Equivalents and Restricted Cash	(c) Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid debt instruments with an original maturity at the date of purchase of three months or less to be cash equivalents. Cash equivalents of $ 144.2 million and $ 121.2 million at December 31, 2024 and 2023 , respectively, consisted primarily of money-market funds and time deposits with an initial term of less than three months. Restricted cash represents cash received from customers to settle invoices sold under trade accounts receivable sale program purchase agreements that is contractually required to be set aside until the cash is remitted to the purchaser.
Allowance for Doubtful Accounts	(d) Allowance for Doubtful Accounts Accounts receivable are recorded net of allowances for amounts not expected to be collected. In estimating the allowance, management considers a specific customer’s financial condition, payment history, current conditions, and various information or disclosures by the customer or other publicly available information. Accounts receivable are charged against the allowance after all reasonable efforts to collect the full amount (including litigation, where appropriate) have been exhausted. The following table summarizes the activity of the Company’s allowance for doubtful accounts: (in thousands) Balance as of Charges to Deductions Balance as of Year ended December 31, 2024: Allowance for doubtful accounts (1) $ 470 $ 671 $ ( 900 ) $ 241 Year ended December 31, 2023: Allowance for doubtful accounts (1) 514 1,321 ( 1,365 ) 470 Year ended December 31, 2022: Allowance for doubtful accounts (1) 788 489 ( 763 ) 514 (1) Deductions in the allowance for doubtful accounts represent write-offs, net of recoveries, of amounts determined to be uncollectible.
Inventories	(e) Inventories Inventories are stated at the lower of cost (first-in, first-out method) and net realizable value. Costs included in inventories consist of materials, labor and overhead. The carrying amounts of inventories are adjusted for excess and obsolete inventory. Evaluation of excess inventory includes considering factors such as anticipated usage, inventory turnover, inventory levels and product demand levels. Evaluation for obsolete inventory includes considering factors such as the age of on-hand inventory, reduction in value due to damage and design changes. The Company also takes into consideration whether customer agreements specify for the customer to pay for such inventory.
Property, Plant and Equipment	(f) Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, which include 5 to 40 years for buildings and building improvements, 2 to 15 years for machinery and equipment, 2 to 12 years for furniture and fixtures and 2 to 8 years for vehicles. Leasehold improvements are amortized using the straight-line method over the shorter of the useful life of the improvement or the remainder of the lease term.
Leases	(g) Leases Lease assets and liabilities are initially recognized based on the present value of lease payments over the lease term calculated using the Company’s incremental borrowing rate unless the implicit rate is readily determinable. Our incremental borrowing rate represents the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term in a similar economic environment. Lease assets also include any upfront lease payments made and exclude lease incentives. Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the consolidated statement of income. Management elected the short-term lease recognition exemption for all of the Company’s leases that qualify, in addition to the practical expedient, to not separate lease and non-lease components.
Goodwill and Other Intangible Assets	(h) Goodwill and Other Intangible Assets Goodwill represents the excess of purchase price over fair value of net assets acquired. Goodwill and intangible assets acquired in a business combination and determined to have an indefinite useful life are not amortized, but instead are assessed for impairment at least annually. Other assets, net, primarily consist of acquired identifiable intangible assets and capitalized purchased software costs. Intangible assets, including those acquired in a business combination, with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values. Customer relationships are amortized on a straight-line basis over a period of 10 to 14 years. Capitalized purchased software costs are amortized on a straight-line basis over the estimated useful life of the related software, which ranges from 2 to 14 years . Technology licenses are amortized over their estimated useful lives in proportion to the economic benefits consumed.
Impairment of Long-Lived Assets and Goodwill	(i) Impairment of Long-Lived Assets and Goodwill Long-lived assets, such as property, plant, and equipment, and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is evaluated by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the estimated fair value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or estimated fair value less costs to sell and are no longer depreciated. The Company evaluates goodwill for impairment on an annual basis, during the fourth quarter, and whenever events and changes in circumstances suggest that the carrying amount may be impaired. Circumstances that may lead to the impairment of goodwill include unforeseen decreases in future performance or industry demand or the restructuring of our operations as a result of a change in our business strategy. A qualitative assessment is allowed to determine if goodwill is potentially impaired. Based on this qualitative assessment, if the Company determines that it is more likely than not that the reporting unit’s fair value is less than its carrying value, then it performs a quantitative assessment, otherwise no further analysis is required. In connection with its annual qualitative goodwill impairment assessments as of December 31, 2024 and 2023 , the Company concluded that goodwill was not impaired.
Earnings Per Share	(j) Earnings Per Share Basic earnings per share is computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for the incremental shares attributed to outstanding stock equivalents. Stock equivalents include common shares issuable upon the exercise of stock options, vesting of restricted stock units and other equity instruments and are computed using the treasury stock method. Under the treasury stock method, the exercise price of a share and the amount of compensation cost, if any, for future service that the Company has not yet recognized are assumed to be used to repurchase shares in the current period. The following table sets forth the calculation of basic and diluted earnings per share: Year Ended (in thousands, except per share data) 2024 2023 2022 Net income $ 63,327 $ 64,315 $ 68,229 Denominator for basic earnings per share 35,970 35,566 35,179 Incremental common shares attributable to outstanding restricted stock units 786 403 522 Incremental common shares attributable to exercise of dilutive options 3 4 17 Denominator for diluted earnings per share 36,759 35,973 35,718 Earnings per share: Basic $ 1.76 $ 1.81 $ 1.94 Diluted $ 1.72 $ 1.79 $ 1.91 There were no anti-dilutive stock options excluded from the computation of diluted earnings per share in 2024, 2023 and 2022. Restricted s tock units totaling less than 0.1 million common share equivalents for 2024 and 2023 were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive. There were no anti-dilutive restricted stock units in 2022 .
Revenue Recognition	(k) Revenue Recognition The Company recognizes revenue as the customer takes control of the manufactured products built to customer specifications. Under the majority of the Company’s manufacturing contracts with customers, the customer controls all of the work-in-progress as products are being built. Revenue under these contracts is 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 the goods are shipped. Revenue from design, development and engineering services is generally recognized over time as the services are performed. The Company’s performance obligations generally have an expected duration of one year or less. The Company applies the practical expedient related to short-term performance obligations and does not disclose information about remaining performance obligations that have original expected durations of one year or less or any significant financing components in the contracts. The Company recognizes the incremental costs, if any, of obtaining contracts as an expense when incurred since the amortization period of the assets that the Company otherwise would have recognized is one year or less.
Income Taxes	(l) Income Taxes Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. The Company records a valuation allowance to reduce its deferred tax assets to the amounts that are more likely than not to be realized in the future. The Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in assessing the need for a valuation allowance.
Stock-Based Compensation	(m) Stock-Based Compensation 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 $ 13.4 million, $ 15.3 million and $ 18.5 million for 2024, 2023 and 2022, respectively. The future tax benefit of these stock-based awards as of the grant date was $ 3.0 million, $ 3.5 million and $ 4.4 million for 2024, 2023 and 2022, 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 December 31, 2024, the unrecognized compensation costs and remaining weighted-average amortization periods related to stock-based awards were as follows: (in thousands) Time- Performance- (1) Unrecognized compensation cost $ 22,755 $ 3,909 Remaining weighted-average amortization period 2.0 years 2.1 years (1) Based on the probable achievement of the performance goals identified in each award. The total cash received as a result of stock option exercises in 2024, 2023 and 2022 was $ 0.5 million, $ 0.1 million and $ 0.7 million, respectively. The actual tax benefit realized as a result of stock option exercises and the vesting of other share-based awards during 2024, 2023 and 2022 was $ 3.7 million, $ 2.7 million and $ 2.5 million, respectively. For 2024, 2023 and 2022, the total intrinsic value of stock options exercised was $ 0.3 million, $ 0.1 million and $ 0.5 million, respectively. The Company awarded performance-based restricted stock units to employees during 2024, 2023 and 2022. The number of performance-based restricted stock units that will ultimately be earned will not be determined until the end of the corresponding performance periods and may vary from as low as zero to as high as 2.5 times the target number depending on the level of achievement of certain performance goals. The level of achievement of these goals is based upon the financial results of the Company for the last full calendar year within the performance period. The performance goals consist of certain levels of achievement using the following financial metrics: revenue, operating income margin, and return on invested capital. If the performance goals are not met based on the Company’s financial results, the applicable performance-based restricted stock units will not vest and will be forfeited. Shares subject to forfeited performance-based restricted stock units will become available for issuance under the Company’s 2019 Omnibus Incentive Compensation Plan (the 2019 Plan).
Use of Estimates	(n) Use of Estimates Management of the Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements in accordance with U.S. GAAP. However, actual results could differ materially from these estimates. On an ongoing basis, management evaluates these estimates, including those related to accounts receivable, inventories, income taxes, long-lived assets, leases, goodwill, stock-based compensation expense, contingencies and litigation. Actual results could differ from those estimates.
Fair Values of Financial Instruments	(o) Fair Values of Financial Instruments Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A three-tier fair value hierarchy of inputs is employed to determine fair value measurements as follows: • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets and liabilities; • Level 2 inputs are observable prices that are not quoted on active exchanges, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; and model-derived valuations in which inputs are observable or in which significant value drivers are observable; and • Level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities. This hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. The Company’s financial instruments include cash equivalents, accounts 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 facility in long-term debt, the Company believes that the fair value approximates the carrying value because the interest rates are variable. As of December 31, 2024 , the fair value estimates for the Company's interest rate swap agreement and foreign currency hedges were based on Level 2 inputs of the fair value hierarchy. See Note 12.
Foreign Currency	(p) Foreign Currency For foreign subsidiaries of the Company using the local currency as their functional currency, assets and liabilities are translated at exchange rates in effect at the balance sheet date and income and expenses are translated at average exchange rates. The effects of these translation adjustments are recognized in other comprehensive income (loss). Exchange gains and losses arising from transactions denominated in a currency other than the functional currency of the entity involved are included in other (expense) income, net. For 2024, 2023 and 2022, the Company recognized a loss of $ 5.2 million, a loss of $ 3.4 million and a gain of $ 0.6 million, respectively. These amounts include the gain (loss) recognized due to forward currency exchange contracts.
Derivative Instruments	(q) Derivative Instruments All derivative instruments are recorded on the balance sheet at fair value. The Company uses derivative instruments to manage the variability of foreign currency obligations and interest rates. The Company does not enter into derivative arrangements for speculative purposes. Generally, if a derivative instrument is designated as a cash flow hedge, the change in fair value of the derivative is recognized in other comprehensive income (loss) to the extent the derivative is effective and recognized in the consolidated statement of income when the hedged item affects earnings. Changes in the fair value of derivatives that are not designated as cash flow hedges are recognized in the consolidated statement of income. Cash receipts and cash payments related to derivative instruments are recorded in the same category as the cash flows from the items being hedged on the consolidated statement of cash flows.
Government Assistance Programs and Incentives	(r) Government Assistance Programs and Incentives The operation of our business is impacted by various government programs, incentives, and other arrangements. Government incentives are recorded in our consolidated financial statements in accordance with their purpose as a reduction of expense or an offset to the related capital asset. The benefit is generally recognized when all conditions attached to the incentive have been met or are expected to be met and there is reasonable assurance of their receipt. The Company records capital-related incentives as a reduction to property, plant and equipment, net on the consolidated balance sheets and recognizes a reduction to depreciation expense over the useful life of the related acquired asset. The Company records operating grants as a reduction to expense in the same line item on the consolidated statements of operations as the expenditure for which the grant is intended to compensate. For 2024, 2023 and 2022 , the Company recognized government incentives of $ 2.4 million, $ 1.7 million and $ 0.9 million, respectively. As of December 31, 2024, the Company had government incentives of $ 1.7 million recognized in income tax receivable related to capital-related incentives . As of December 31, 2023, the Company had government incentives of $ 0.9 million recognized in prepaid expenses and other assets related to operating grants. There were no unpaid government incentives as of December 31, 2022.
Concentrations of Business Risk	(s) Concentrations of Business Risk Substantially all of the Company’s sales are derived from manufacturing services in which the Company purchases components specified by its customers. The Company uses numerous suppliers of electronic components and other materials for its operations. Some components used by the Company have been subject to industry-wide shortages, and suppliers have been forced to allocate available quantities among their customers. The Company’s inability to obtain needed components during periods of allocation could cause delays in manufacturing and could adversely affect the results of operations.
New Accounting Pronouncements	(t) New Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07), which requires public entities to disclose information about their reportable segments’ oversight and significant expenses on an interim and annual basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The adoption of ASU 2023-07 did not have a material impact to the Company’s financial statements or financial position. The Company has determined that other recently issued accounting standards will either not have a material impact on its consolidated financial position, results of operations or cash flows, or will not apply to its operations. Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, “Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (ASU 2024-03), which requires public entities to disclose specified information about certain costs and expenses. ASU 2024-03 is effective for annual periods beginning after December 15, 2026. Early adoption is permitted. The Company is currently evaluating the guidance and its impact to the financial statements. 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.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Schedule of Allowance for Doubtful Accounts	The following table summarizes the activity of the Company’s allowance for doubtful accounts: (in thousands) Balance as of Charges to Deductions Balance as of Year ended December 31, 2024: Allowance for doubtful accounts (1) $ 470 $ 671 $ ( 900 ) $ 241 Year ended December 31, 2023: Allowance for doubtful accounts (1) 514 1,321 ( 1,365 ) 470 Year ended December 31, 2022: Allowance for doubtful accounts (1) 788 489 ( 763 ) 514 (1) Deductions in the allowance for doubtful accounts represent write-offs, net of recoveries, of amounts determined to be uncollectible.
Calculation of Basic and Diluted Earnings per Share	The following table sets forth the calculation of basic and diluted earnings per share: Year Ended (in thousands, except per share data) 2024 2023 2022 Net income $ 63,327 $ 64,315 $ 68,229 Denominator for basic earnings per share 35,970 35,566 35,179 Incremental common shares attributable to outstanding restricted stock units 786 403 522 Incremental common shares attributable to exercise of dilutive options 3 4 17 Denominator for diluted earnings per share 36,759 35,973 35,718 Earnings per share: Basic $ 1.76 $ 1.81 $ 1.94 Diluted $ 1.72 $ 1.79 $ 1.91
Schedule of Unrecognized Compensation Costs and Remaining Weighted-Average Amortization Stock-Based Awards	As of December 31, 2024, the unrecognized compensation costs and remaining weighted-average amortization periods related to stock-based awards were as follows: (in thousands) Time- Performance- (1) Unrecognized compensation cost $ 22,755 $ 3,909 Remaining weighted-average amortization period 2.0 years 2.1 years (1) Based on the probable achievement of the performance goals identified in each award.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Schedule Of Inventory Costs	Inventory costs are summarized as follows: December 31, December 31, (in thousands) 2024 2023 Raw materials $ 528,424 $ 659,210 Work in process 18,761 22,088 Finished goods 6,469 2,503 Total inventories $ 553,654 $ 683,801

Property, Plant And Equipment (

Property, Plant And Equipment (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule Of Property, Plant And Equipment	Property, plant and equipment consists of the following: December 31, (in thousands) 2024 2023 Land $ 5,867 $ 5,867 Buildings and building improvements 92,371 81,282 Machinery and equipment 547,658 553,468 Furniture and fixtures 13,812 12,897 Vehicles 947 1,115 Leasehold improvements 68,817 54,754 Construction in progress 10,180 24,658 Total property and equipment, at cost 739,652 734,041 Less: accumulated depreciation ( 514,555 ) ( 506,343 ) Total property, plant and equipment, net $ 225,097 $ 227,698

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 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 December 31, 2024 and 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 $ 100,041 $ ( 76,675 ) $ 23,366 Capitalized purchased software costs 44,316 ( 31,525 ) 12,791 Technology licenses 15,500 ( 15,500 ) — Trade names and trademarks 7,800 — 7,800 Other 868 ( 428 ) 440 Total intangible assets as of December 31, 2024 $ 168,525 $ ( 124,128 ) $ 44,397 (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: Year Ended (in thousands) 2024 2023 2022 Amortization of intangible assets $ 4,817 $ 5,979 $ 6,384 Amortization of capitalized purchased software costs 4,897 4,564 4,113 Amortization of debt costs 519 499 416 Total amortization expense $ 10,233 $ 11,042 $ 10,913
Schedule of Future Amortization Expense	A summary of the future amortization expense related to the Company's intangible assets held as of December 31, 2024 for each of the next five years follows (in thousands): Year ending December 31, Amortization 2025 $ 4,817 2026 4,817 2027 4,817 2028 4,817 2029 4,218

Borrowing Facilities (Tables)

Borrowing Facilities (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Debt	A summary of the Company’s long-term debt outstanding follows: December 31, (in thousands) 2024 2023 Revolving credit facility $ 135,000 $ 205,000 Term loan 123,047 127,148 Less: unamortized debt issuance costs ( 1,027 ) ( 1,546 ) Total long-term debt, including current installments $ 257,020 $ 330,602

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Year Ended (in thousands) 2024 2023 2022 Finance lease costs: Amortization of right-of-use assets (included in depreciation expense) $ — $ 48 $ 96 Interest on lease liabilities 12 21 29 Operating lease costs 22,264 19,280 17,485 Short-term lease costs 704 618 307 Variable lease costs 1,924 1,770 1,892 Total lease costs $ 24,904 $ 21,737 $ 19,809
Summary of Operating And Finance Lease Supplemental Cash Flow Information	A summary of cash flow information related to leases follows: Year Ended (in thousands) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases $ 22,018 $ 17,702 $ 17,277 Operating cash flows used for finance leases 12 21 29 Financing cash flows used for finance leases 181 173 165 Right-of-use assets obtained in exchange for new operating lease liabilities 4,921 56,834 11,694
Summary of Operating And Finance Lease Supplemental Balance Sheet Information	A summary of other information about our leases follows: December 31, (dollars in thousands) 2024 2023 Operating lease right-of-use assets $ 117,995 $ 130,830 Finance lease liabilities, current (included in current installments of long-term debt) $ 174 $ 181 Finance lease liabilities, noncurrent (included in long-term debt) $ — $ 174 Operating lease liabilities, current (included in accrued liabilities) $ 17,170 $ 15,486 Operating lease liabilities, noncurrent $ 108,997 $ 123,385 Weighted average remaining lease term – finance leases 0.9 years 1.9 years Weighted average remaining lease term – operating leases 8.9 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 December 31, 2024 follows (in thousands): Year ending December 31, Operating Finance 2025 $ 22,154 $ 177 2026 17,819 — 2027 15,923 — 2028 15,001 — 2029 14,558 — 2030 and thereafter 69,122 — Total minimum lease payments 154,577 177 Less: imputed interest ( 28,410 ) ( 3 ) Total present value of lease liabilities $ 126,167 $ 174

Common Stock and Stock-Based _2

Common Stock and Stock-Based Awards (Tables)	12 Months Ended
	Dec. 31, 2024
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Stock Options	The following table summarizes the activities related to the Company's stock options: (in thousands, except per share data and years) Number of Weighted- Weighted- Aggregate Outstanding as of December 31, 2021 132 $ 20.06 Exercised ( 53 ) 17.16 Forfeited or expired ( 22 ) 22.36 Outstanding as of December 31, 2022 57 $ 21.85 Exercised ( 17 ) 19.52 Forfeited or expired ( 3 ) 20.11 Outstanding as of December 31, 2023 37 $ 23.07 Exercised ( 34 ) 23.07 Forfeited or expired ( 2 ) 22.99 Outstanding and exercisable as of December 31, 2024 1 $ 23.14 0.1 $ 9
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, 2021 1,057 $ 28.02 Granted 616 25.90 Vested ( 407 ) 28.08 Forfeited ( 81 ) 27.44 Non-vested awards outstanding as of December 31, 2022 1,185 $ 26.93 Granted 724 24.13 Vested ( 490 ) 26.92 Forfeited ( 173 ) 25.91 Non-vested awards outstanding as of December 31, 2023 1,246 $ 25.43 Granted 633 31.39 Vested ( 499 ) 25.72 Forfeited ( 192 ) 26.82 Non-vested awards outstanding as of December 31, 2024 1,188 $ 28.30
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, 2021 542 $ 28.06 Granted (1) 177 25.97 Forfeited ( 174 ) 27.29 Non-vested awards outstanding as of December 31, 2022 545 $ 27.62 Granted (1) 244 25.30 Vested ( 242 ) 28.30 Forfeited ( 105 ) 26.98 Non-vested awards outstanding as of December 31, 2023 442 $ 26.12 Granted (1) 214 30.78 Vested ( 139 ) 28.60 Forfeited ( 103 ) 26.57 Non-vested awards outstanding as of December 31, 2024 414 $ 25.82 (1) Represents target number of awards that can vest based on the achievement of the performance goals.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit)	Income tax expense (benefit) consisted of the following: Year Ended December 31, (in thousands) 2024 2023 2022 Current: U.S. Federal $ ( 1,587 ) $ 2,989 $ 903 State and local 358 587 107 Foreign 27,725 28,321 22,351 Total current taxes 26,496 31,897 23,361 Deferred: U.S. Federal ( 5,910 ) ( 6,206 ) ( 6,544 ) State and local 809 ( 1,612 ) ( 1,734 ) Foreign ( 827 ) ( 7,174 ) 1,030 Total deferred taxes ( 5,928 ) ( 14,992 ) ( 7,248 ) Total income tax expense $ 20,568 $ 16,905 $ 16,113
Schedule of Income (Loss) Before Income Taxes	Income (loss) before income taxes consisted of the following: Year Ended December 31, (in thousands) 2024 2023 2022 United States $ ( 32,871 ) $ ( 31,534 ) $ ( 45,390 ) Foreign 116,766 112,754 129,732 Total income before income taxes $ 83,895 $ 81,220 $ 84,342
Schedule of Federal Statutory Income Tax Rate to Income (Loss) Before Income Tax	Income tax expense differed from the amounts computed by applying the U.S. Federal statutory income tax rate to income (loss) before income taxes as follows: Year Ended December 31, (in thousands) 2024 2023 2022 Tax at statutory rate $ 17,618 $ 17,056 $ 17,713 State taxes, net of federal tax effect 923 ( 809 ) ( 1,285 ) Effect of foreign operations and tax incentives ( 3,110 ) ( 7,474 ) ( 5,954 ) Permanent differences ( 5,046 ) 6,768 3,105 Change in valuation allowance 8,155 ( 241 ) 41 Global minimum tax 1,038 — — GILTI and other foreign income inclusion 1,429 ( 450 ) 1,768 Stock-based compensation ( 423 ) 623 447 Non-deductible compensation 1,370 1,883 807 Change in uncertain tax benefit reserve — 370 40 Other ( 1,386 ) ( 821 ) ( 569 ) Total income tax expense $ 20,568 $ 16,905 $ 16,113
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the Company's deferred tax assets and liabilities were as follows: December 31, (in thousands) 2024 2023 Deferred tax assets: Carrying value of inventories $ 3,904 $ 5,782 Accrued liabilities and allowances deductible for tax purposes on a cash basis 8,317 10,213 Goodwill 254 554 Stock-based compensation 5,973 5,853 Operating lease liabilities 30,063 33,260 Net operating loss carryforwards 26,014 12,662 Tax credit carryforwards 6,677 7,372 Research and experimentation 18,580 15,861 Interest rate swap and foreign exchange hedging 970 — Other 10,484 8,540 Total gross deferred tax assets 111,236 100,097 Less: valuation allowance ( 26,657 ) ( 18,502 ) Total net deferred tax assets 84,579 81,595 Deferred tax liabilities: Plant and equipment, due to differences in depreciation ( 11,469 ) ( 10,652 ) Operating lease right-of-use assets ( 29,802 ) ( 32,999 ) Intangible assets, due to differences in amortization ( 7,830 ) ( 8,946 ) Foreign taxes ( 898 ) ( 898 ) Interest rate swap and foreign exchange hedging — ( 52 ) Other ( 688 ) ( 1,105 ) Total gross deferred tax liabilities ( 50,687 ) ( 54,652 ) Total net deferred tax assets $ 33,892 $ 26,943 The net deferred tax assets are classified as follows: Long-term assets $ 33,892 $ 26,943 Long-term liabilities — — Total net deferred tax assets $ 33,892 $ 26,943
Schedule of Tax Incentives	The net impact of the current tax incentives was to lower income tax expense for 2024, 2023, and 2022 by approximately $ 5.8 million (approximately $ 0.16 per diluted share), $ 6.3 million (approximately $ 0.17 per diluted share) and $ 9.0 million (approximately $ 0.25 per diluted share), respectively, as follows: Year Ended (in thousands) 2024 2023 2022 Thailand $ 4,110 $ 4,923 $ 8,362 China 1,663 1,338 643 Total tax incentives $ 5,773 $ 6,261 $ 9,005
Schedule of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows: December 31, (in thousands) 2024 2023 2022 Balances as of the beginning of the year $ 9,061 $ 9,061 $ 9,121 Additions related to current year tax positions — — — Additions related to prior year tax positions — — — Decreases related to prior year tax positions ( 1,775 ) — — Decreases related to lapse of statutes — — ( 60 ) Balances as of the end of the year $ 7,286 $ 9,061 $ 9,061

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 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: Year Ended December 31, 2024 (in thousands) Americas Asia Europe Total Market sector: Semi-Cap $ 212,466 $ 389,630 $ 121,139 $ 723,235 Industrial 130,280 331,222 111,769 573,271 Medical 236,070 167,617 46,996 450,683 A&D 370,486 15,468 48,014 433,968 AC&C 328,400 146,478 70 474,948 External revenue 1,277,702 1,050,415 327,988 2,656,105 Elimination of intersegment sales 52,659 40,734 11,349 104,742 Segment revenue $ 1,330,361 $ 1,091,149 $ 339,337 $ 2,760,847 Year Ended December 31, 2023 (in thousands) Americas Asia Europe Total Market sector: Semi-Cap $ 262,117 $ 283,870 $ 100,305 $ 646,292 Industrial 127,491 345,465 123,522 596,478 Medical 329,816 182,532 44,204 556,552 A&D 304,932 29,153 27,446 361,531 AC&C 509,631 168,436 56 678,123 External revenue 1,533,987 1,009,456 295,533 2,838,976 Elimination of intersegment sales 77,796 46,482 4,302 128,580 Segment revenue $ 1,611,783 $ 1,055,938 $ 299,835 $ 2,967,556 Year Ended December 31, 2022 (in thousands) Americas Asia Europe Total Market sector: Semi-Cap $ 286,322 $ 357,634 $ 78,146 $ 722,102 Industrial 89,949 363,398 140,258 593,605 Medical 319,823 228,571 44,500 592,894 A&D 286,230 43,701 17,654 347,585 AC&C 428,630 201,073 442 630,145 External revenue 1,410,954 1,194,377 281,000 2,886,331 Elimination of intersegment sales 64,976 57,100 3,100 125,176 Segment revenue $ 1,475,930 $ 1,251,477 $ 284,100 $ 3,011,507
Changes In Contract Assets	A summary of activity related to the Company's contract assets follows: Year Ended (in thousands) 2024 2023 Balance as of the beginning of the year $ 174,979 $ 183,613 Revenue recognized 2,304,221 2,495,298 Amounts collected or invoiced ( 2,311,622 ) ( 2,503,932 ) Balance as of the end of the period $ 167,578 $ 174,979

Segment, Geographic Informati_2

Segment, Geographic Information and Major Customer (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Operating Segments	Information about the Company's operating segments follows: (in thousands) Americas Asia Europe Total 2024 Sales from external customers $ 1,277,702 $ 1,050,415 $ 327,988 $ 2,656,105 Intersegment sales 52,659 40,734 11,349 104,742 $ 1,330,361 $ 1,091,149 $ 339,337 $ 2,760,847 Reconciliation of sales Elimination of intersegment sales ( 104,742 ) Sales $ 2,656,105 Less: Cost of sales 1,201,073 895,842 292,115 Selling, general and administrative expenses 31,064 13,878 9,601 Other (1) 5,350 387 4 Segment income from operations $ 40,215 $ 140,308 $ 26,268 $ 206,791 Reconciliation of income before income taxes Other - corporate and eliminations (2) ( 97,380 ) Interest expense ( 26,922 ) Interest income 10,208 Other (expense) income, net ( 8,802 ) Income before income taxes $ 83,895 (in thousands) Americas Asia Europe Total 2023 Sales from external customers $ 1,533,987 $ 1,009,456 $ 295,533 $ 2,838,976 Intersegment sales 77,796 46,482 4,302 128,580 $ 1,611,783 $ 1,055,938 $ 299,835 $ 2,967,556 Reconciliation of sales Elimination of intersegment sales ( 128,580 ) Sales $ 2,838,976 Less: Cost of sales 1,431,551 871,882 269,878 Selling, general and administrative expenses 30,905 13,096 8,108 Other (1) 8,047 199 167 Segment income from operations $ 63,484 $ 124,279 $ 17,380 $ 205,143 Reconciliation of income before income taxes Other - corporate and eliminations (2) ( 95,479 ) Interest expense ( 31,875 ) Interest income 6,256 Other (expense) income, net ( 2,825 ) Income before income taxes $ 81,220 (in thousands) Americas Asia Europe Total 2022 Sales from external customers $ 1,410,954 $ 1,194,377 $ 281,000 $ 2,886,331 Intersegment sales 64,976 57,100 3,100 125,176 $ 1,475,930 $ 1,251,477 $ 284,100 $ 3,011,507 Reconciliation of sales Elimination of intersegment sales ( 125,176 ) Sales $ 2,886,331 Less: Cost of sales 1,321,316 1,047,354 257,493 Selling, general and administrative expenses 29,654 12,067 6,621 Other (1) 4,781 305 — Segment income from operations $ 55,203 $ 134,651 $ 16,886 $ 206,740 Reconciliation of income before income taxes Other - corporate and eliminations (2) ( 116,671 ) Interest expense ( 12,894 ) Interest income 1,730 Other (expense) income, net 5,437 Income before income taxes $ 84,342 (1) Includes expenses for amortization of intangible assets and restructuring charges and other costs. (2) Includes corporate expenses for unallocated expenses, amortization of intangible assets and restructuring charges and other costs and elimination of intersegment cost of sales. Year Ended (in thousands) 2024 2023 2022 Depreciation and amortization: Americas $ 21,136 $ 20,940 $ 19,574 Asia 10,277 9,746 10,192 Europe 3,596 3,226 3,289 Corporate 11,135 11,498 11,197 Total depreciation and amortization $ 46,144 $ 45,410 $ 44,252 Capital expenditures: Americas $ 13,692 $ 38,627 $ 30,105 Asia 14,049 25,286 10,534 Europe 3,585 7,098 4,509 Corporate 1,927 6,728 1,626 Total capital expenditures $ 33,253 $ 77,739 $ 46,774 December 31, (in thousands) 2024 2023 Assets: Americas $ 866,595 $ 1,064,047 Asia 821,252 769,744 Europe 225,872 222,591 Corporate 225,745 218,373 Total assets $ 2,139,464 $ 2,274,755
Schedule of Geographic Sales and Long-Lived Assets	A summary of the Company's geographic sales and long-lived assets follows: Year Ended (in thousands) 2024 2023 2022 Geographic sales: United States $ 1,488,297 $ 1,737,144 $ 1,569,232 Singapore 463,553 383,914 457,889 Other Asia 215,898 210,927 332,144 Europe 406,514 402,514 387,276 Other 81,843 104,477 139,790 Total sales $ 2,656,105 $ 2,838,976 $ 2,886,331 December 31, (in thousands) 2024 2023 Long-lived assets: United States $ 215,536 $ 231,740 Asia 89,249 79,203 Europe 39,936 42,934 Other 64,506 66,072 Total long-lived assets $ 409,227 $ 419,949
Schedule of Sales To Largest Customers	The Company had sales to the following customer that exceeded 10 % of the Company's consolidated sales: Year Ended December 31, 2024 2023 2022 Applied Materials, Inc. and subsidiaries 14 % 12 % 15 %

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Summary of Fair Values of Derivative Instruments	The fair values of the Company’s derivative instruments were as follows: December 31, December 31, (in thousands) Balance Sheet Location 2024 2023 Derivatives designated as hedging instruments: Forward currency exchange contracts Other long-term assets (liabilities) $ ( 3,745 ) $ 2,664 Interest rate swap agreement Other long-term assets (liabilities) ( 114 ) ( 2,458 )

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule Of Accumulated Other Comprehensive Loss	The changes in accumulated other comprehensive loss by component were as follows: (in thousands) Foreign Derivative Other Total Balances, December 31, 2021 $ ( 12,729 ) $ ( 3,372 ) $ ( 1,057 ) $ ( 17,158 ) Other comprehensive gain (loss) before reclassifications ( 3,148 ) 4,641 ( 87 ) 1,406 Amounts reclassified from accumulated — ( 481 ) — ( 481 ) Total other comprehensive income (loss) ( 3,148 ) 4,160 ( 87 ) 925 Balances, December 31, 2022 $ ( 15,877 ) $ 788 $ ( 1,144 ) $ ( 16,233 ) Other comprehensive gain (loss) before reclassifications 2,119 2,444 37 4,600 Amounts reclassified from accumulated 845 ( 3,072 ) — ( 2,227 ) Total other comprehensive income (loss) 2,964 ( 628 ) 37 2,373 Balances, December 31, 2023 $ ( 12,913 ) $ 160 $ ( 1,107 ) $ ( 13,860 ) Other comprehensive gain (loss) before reclassifications ( 4,533 ) ( 2,459 ) 196 ( 6,796 ) Amounts reclassified from accumulated — ( 585 ) — ( 585 ) Total other comprehensive income (loss) ( 4,533 ) ( 3,044 ) 196 ( 7,381 ) Balances, December 31, 2024 $ ( 17,446 ) $ ( 2,884 ) $ ( 911 ) $ ( 21,241 )

Restructuring Charges and Oth_2

Restructuring Charges and Other Costs (Tables)	12 Months Ended
	Dec. 31, 2024
Restructuring and Related Activities [Abstract]
Schedule Of Restructuring Reserves	The following table summarizes the 2024 activity in accrued restructuring costs: (in thousands) Balances as of Restructuring Cash Non-Cash Balances as of Severance costs $ 35 $ 4,844 $ ( 4,670 ) $ — $ 209 Lease facility costs 9 ( 9 ) — — — Other exit costs 81 1,501 ( 1,582 ) — — Total accrued restructuring costs $ 125 $ 6,336 $ ( 6,252 ) $ — $ 209 The following table summarizes the 2023 activity in accrued restructuring costs: (in thousands) Balances as of Restructuring Cash Non-Cash Balances as of Severance costs $ 3,683 $ 4,508 $ ( 8,156 ) $ — $ 35 Lease facility costs 17 176 ( 184 ) — 9 Other exit costs 81 2,643 ( 2,643 ) — 81 Total accrued restructuring costs $ 3,781 $ 7,327 $ ( 10,983 ) $ — $ 125 The following table summarizes the 2022 activity in accrued restructuring costs: (in thousands) Balances as of Restructuring Cash Non-Cash Balances as of Severance costs $ 3,257 $ 2,428 $ ( 1,713 ) $ ( 289 ) $ 3,683 Lease facility costs 17 1,261 ( 1,261 ) — 17 Other exit costs 237 2,021 ( 2,056 ) ( 121 ) 81 Total accrued restructuring costs $ 3,511 $ 5,710 $ ( 5,030 ) $ ( 410 ) $ 3,781
Schedule Of Restructuring Costs	The components of restructuring charges during 2024 were as follows: Year Ended December 31, 2024 (in thousands) Americas Asia Europe Total Severance costs $ 4,473 $ 371 $ — $ 4,844 Lease facility costs — ( 9 ) — ( 9 ) Other exit costs 1,501 — — 1,501 Total restructuring charges $ 5,974 $ 362 $ — $ 6,336 The components of restructuring charges during 2023 were as follows: Year ended December 31, 2023 (in thousands) Americas Asia Europe Total Severance costs $ 4,226 $ — $ 282 $ 4,508 Lease facility costs 176 — — 176 Other exit costs 2,640 — 3 2,643 Total restructuring charges $ 7,042 $ — $ 285 $ 7,327 The components of restructuring charges during 2022 were as follows: Year ended December 31, 2022 (in thousands) Americas Asia Europe Total Severance costs $ 2,298 $ 130 $ — $ 2,428 Lease facility costs 1,261 — — 1,261 Other exit costs 2,021 — — 2,021 Total restructuring charges $ 5,580 $ 130 $ — $ 5,710

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Summary Of Significant Accounting Policies [Line Items]
Cash equivalents	$ 144,200,000	$ 121,200,000
Lease, Practical Expedients, Package [true false]	true
Lessee Operating Lease Option To Extend	Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised.
Lessee, Operating Lease, Option to Terminate	Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised.
Lessee, Operating Lease, Existence of Option to Extend [true false]	true
Lessee, Operating Lease, Existence of Option to Terminate [true false]	true
Compensation cost recognized for stock-based awards	$ 13,400,000	15,300,000	$ 18,500,000
Income tax benefit recognized in the income statement for stock-based awards	3,000,000	3,500,000	4,400,000
Total cash received as a result of stock option exercises	482,000	129,000	716,000
Tax benefit realized as a result of stock option exercises and the vesting of other share-based awards	3,700,000	2,700,000	2,500,000
Total intrinsic value of stock options exercised	300,000	100,000	500,000
Exchange gain (loss) related to foreign currency transactions	(5,200,000)	(3,400,000)	600,000
Government incentives	$ 2,400,000	$ 1,700,000	$ 900,000
Government Assistance, Income, Increase (Decrease), Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, General and Administrative Expense	Selling, General and Administrative Expense	Selling, General and Administrative Expense
Government Incentives [Member]
Summary Of Significant Accounting Policies [Line Items]
Prepaid and other assets		$ 900,000	$ 0
Income tax receivable	$ 1,700,000
Restricted Stock Units [Member]
Summary Of Significant Accounting Policies [Line Items]
Anti-dilutive stock-based awards in computation of earnings per share			0
Employee Stock Option [Member]
Summary Of Significant Accounting Policies [Line Items]
Anti-dilutive stock-based awards in computation of earnings per share	0	0	0
Leasehold Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]	us-gaap:UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember
Minimum [Member] | Customer Relationships [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	10 years
Minimum [Member] | Capitalized Purchased Software Costs [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	2 years
Minimum [Member] | Buildings And Building Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	5 years
Minimum [Member] | Machinery And Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	2 years
Minimum [Member] | Furniture And Fixtures [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	2 years
Minimum [Member] | Vehicles [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	2 years
Maximum [Member] | Customer Relationships [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	14 years
Maximum [Member] | Capitalized Purchased Software Costs [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	14 years
Maximum [Member] | Restricted Stock Units [Member]
Summary Of Significant Accounting Policies [Line Items]
Anti-dilutive stock-based awards in computation of earnings per share	100,000	100,000
Maximum [Member] | Buildings And Building Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	40 years
Maximum [Member] | Machinery And Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	15 years
Maximum [Member] | Furniture And Fixtures [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	12 years
Maximum [Member] | Vehicles [Member]
Summary Of Significant Accounting Policies [Line Items]
Useful lives of the assets	8 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Schedule Of Allowance For Doubtful Accounts) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance as of Beginning of Year	[1]	$ 470	$ 514	$ 788
Charges to Operations	[1]	671	1,321	489
Deductions	[1]	(900)	(1,365)	(763)
Balance as of End of Year	[1]	$ 241	$ 470	$ 514
[1] Deductions in the allowance for doubtful accounts represent write-offs, net of recoveries, of amounts determined to be uncollectible.

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Schedule Of Calculation Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share Reconciliation [Line Items]
Net Income (Loss)	$ 63,327	$ 64,315	$ 68,229
Denominator for basic earnings per share	35,970	35,566	35,179
Denominator for diluted earnings per share	36,759	35,973	35,718
Earnings per share:
Basic	$ 1.76	$ 1.81	$ 1.94
Diluted	$ 1.72	$ 1.79	$ 1.91
Employee Stock Option [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to exercise of dilutive options	3	4	17
Restricted Stock Units [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to exercise of dilutive options	786	403	522

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Schedule Of Unrecognized Compensation Costs Nonvested Awards) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Time Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 22,755
Remaining weighted-average amortization period	2 years
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 3,909	[1]
Remaining weighted-average amortization period	2 years 1 month 6 days	[1]
[1] Based on the probable achievement of the performance goals identified in each award.

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventory Costs) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 528,424	$ 659,210
Work in process	18,761	22,088
Finished goods	6,469	2,503
Total inventories	$ 553,654	$ 683,801

Property, Plant And Equipment_2

Property, Plant And Equipment (Schedule Of Property, Plant And Equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property Plant And Equipment [Line Items]
Total property and equipment, at cost	$ 739,652	$ 734,041
Less: Accumulated depreciation	(514,555)	(506,343)
Total property, plant and equipment, net	225,097	227,698
Land [Member]
Property Plant And Equipment [Line Items]
Total property and equipment, at cost	5,867	5,867
Buildings And Building Improvements [Member]
Property Plant And Equipment [Line Items]
Total property and equipment, at cost	92,371	81,282
Machinery And Equipment [Member]
Property Plant And Equipment [Line Items]
Total property and equipment, at cost	547,658	553,468
Furniture And Fixtures [Member]
Property Plant And Equipment [Line Items]
Total property and equipment, at cost	13,812	12,897
Vehicles [Member]
Property Plant And Equipment [Line Items]
Total property and equipment, at cost	947	1,115
Leasehold Improvements [Member]
Property Plant And Equipment [Line Items]
Total property and equipment, at cost	68,817	54,754
Construction In Progress[Member]
Property Plant And Equipment [Line Items]
Total property and equipment, at cost	$ 10,180	$ 24,658

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Schedule of Goodwill by Reportable Operating Segments) (Details) - USD ($) $ in Thousands	Dec. 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	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 168,525	$ 169,336
Accumulated amortization	(124,128)	(118,314)
Net carrying amount	44,397	51,022
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	100,041	100,105
Accumulated amortization	(76,675)	(71,947)
Net carrying amount	23,366	28,158
Capitalized Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	44,316	45,062
Accumulated amortization	(31,525)	(30,463)
Net carrying amount	12,791	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	(428)	(404)
Net carrying amount	$ 440	$ 465

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Purchased software costs, capitalized	$ 1,947	$ 4,260	$ 3,417
Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Purchased software costs, capitalized	$ 1,900	$ 4,300	$ 3,400

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Schedule of Amortization Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 4,817	$ 5,979	$ 6,384
Amortization of capitalized purchased software costs	4,897	4,564	4,113
Amortization of debt costs	519	499	416
Total amortization expense	$ 10,233	$ 11,042	$ 10,913

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets (Schedule of Future Amortization Expense) (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 4,817
2026	4,817
2027	4,817
2028	4,817
2029	$ 4,218

Borrowing Facilities - Schedule

Borrowing Facilities - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Less: unamortized debt issuance costs	$ (1,027)	$ (1,546)
Total long-term debt, including current installments	257,020	330,602
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Revolving credit facility	135,000	205,000
Term loan [Member]
Line of Credit Facility [Line Items]
Principal amount	$ 123,047	$ 127,148

Borrowing Facilities (Narrative

Borrowing Facilities (Narrative) (Details) - USD ($)						12 Months Ended
	May 01, 2023	Feb. 03, 2023	May 20, 2022	Dec. 21, 2021	Jul. 20, 2018	Dec. 31, 2024	Dec. 31, 2023	Jul. 19, 2018
Line of Credit Facility [Line Items]
Maximum amount of trade accounts receivable sales permitted		$ 200,000,000				$ 200,000,000
Credit agreement, secured by percentage of voting capital stock of each direct foreign subsidiary						65%
Aggregate maturities of long-term debt in 2025						$ 6,600,000
Aggregate maturities of long-term debt in 2026						251,500,000
Aggregate maturities of long-term debt in 2027						0
Aggregate maturities of long-term debt in 2028						0
Aggregate maturities of long-term debt in 2029						0
Thereafter						0
Interest Rate Swap Agreement [Member]
Line of Credit Facility [Line Items]
Derivative Notional Amount						$ 123,000,000
Fixed interest rate						4.039%
Credit Agreement [Member]
Line of Credit Facility [Line Items]
Credit Agreement description						On July 20, 2018, the Company entered into a $650 million credit agreement (the Prior Credit Agreement) by and among the Company, certain of its subsidiaries, the lenders party thereto and Bank of America, N.A., as Administrative Agent, Swingline Lender and a L/C Issuer.
Credit Agreement aggregate borrowing capacity				$ 381,000,000	$ 650,000,000
Credit Agreement maturity date					Jul. 20, 2023
Revolving credit facility, available for future borrowings								$ 430,000,000
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) 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) 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	$ 550,000,000		$ 450,000,000	$ 250,000,000	$ 500,000,000
Term period				5 years	5 years
Credit Agreement maturity date				Dec. 21, 2026
Revolving credit facility, available for future borrowings						$ 410,600,000
Long-Term Line of Credit						135,000,000	$ 205,000,000
Letters of credit outstanding amount						4,400,000
Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Possible increase to total commitments under Credit Agreement						100,000,000
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]
Credit Agreement aggregate borrowing capacity				$ 131,300,000	$ 151,000,000
Principal amount						$ 123,047,000	$ 127,148,000
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, Percentage						1.25%

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finance lease costs:
Amortization of right-of-use assets (included in depreciation expense)	$ 0	$ 48	$ 96
Interest on lease liabilities	12	21	29
Operating lease costs	22,264	19,280	17,485
Short-term lease costs	704	618	307
Variable lease costs	1,924	1,770	1,892
Total lease costs	24,904	21,737	19,809
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating leases	22,018	17,702	17,277
Operating cash flows used for finance leases	12	21	29
Financing cash flows used for finance leases	181	173	165
Right-of-use assets obtained in exchange for new operating lease liabilities	4,921	56,834	$ 11,694
Assets and Liabilities, Lessee [Abstract]
Operating lease right-of-use assets	117,995	130,830
Finance lease liabilities, current (included in current installments of long-term debt)	$ 174	$ 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)	$ 0	$ 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)	$ 17,170	$ 15,486
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued liabilities	Accrued liabilities
Operating lease liabilities, noncurrent	$ 108,997	$ 123,385
Weighted average remaining lease term – finance leases	10 months 24 days	1 year 10 months 24 days
Weighted average remaining lease term – operating leases	8 years 10 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	Dec. 31, 2024 USD ($)
Operating Leases
2025	$ 22,154
2026	17,819
2027	15,923
2028	15,001
2029	14,558
2030 and thereafter	69,122
Total minimum lease payments	154,577
Less: imputed interest	(28,410)
Total present value of lease liabilities	126,167
Finance Leases
2025	177
2026	0
2027	0
2028	0
2029	0
2030 and thereafter	0
Total minimum lease payments	177
Less: imputed interest	(3)
Total present value of lease liabilities	$ 174

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

12 Months Ended

Jan. 14, 2025

Dec. 31, 2024

Sep. 30, 2024

Jun. 30, 2024

Mar. 31, 2024

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Feb. 19, 2020

Oct. 26, 2018

Mar. 06, 2018

Dec. 07, 2015

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Dividends paid

$ 23,913

$ 23,455

$ 23,156

Quarterly cash dividend declared

$ 0.17

Repurchase of common shares, value

$ 5,100

$ 9,400

Repurchase of common shares, average cost per share

$ 40.27

$ 24.96

Repurchase of common stock, shares

100,000

0

400,000

Repurchase of common shares remaining authorized amount

$ 149,500

$ 149,500

O 2022 A1 Dividends [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Quarterly cash dividend declared

$ 0.165

O 2023 A1 Dividends [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Quarterly cash dividend declared

$ 0.165

O 2024 Q1 Dividends [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Quarterly cash dividend declared

$ 0.165

O 2024 Q2 Dividends [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Quarterly cash dividend declared

$ 0.165

O 2024 Q3 Dividends [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Quarterly cash dividend declared

$ 0.17

O 2023 Q4 Dividends [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Quarterly cash dividend declared

$ 0.165

O 2024 Q4 Dividends [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Quarterly cash dividend declared

$ 0.17

Subsequent Event [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Dividends paid

$ 6,100

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) shares in Millions	12 Months Ended
	Dec. 31, 2024 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares available for issuance	1.8
Employee Stock Option [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]
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 (Summary Of Stock Options) (Details) - Employee Stock Option - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Options, Outstanding, Beginning balance	37	57	132
Number of Options, Exercised	(34)	(17)	(53)
Number of Options, Forfeited or expired	(2)	(3)	(22)
Number of Options, Outstanding, Ending balance	1	37	57
Weighted-Average Exercise Price, Outstanding, Beginning balance	$ 23.07	$ 21.85	$ 20.06
Weighted-Average Exercise Price, Exercised	23.07	19.52	17.16
Weighted-Average Exercise Price, Forfeited or expired	22.99	20.11	22.36
Weighted-Average Exercise Price, Outstanding, Ending balance	$ 23.14	$ 23.07	$ 21.85
Weighted-Average Remaining Contractual Term (Years), Outstanding	1 month 6 days
Aggregate Intrinsic Value, Outstanding	$ 9

Common Stock and Stock-Based _6

Common Stock and Stock-Based Awards (Summary Of Stock-Based Awards) (Details) - $ / shares shares in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Time-Based Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested shares outstanding, shares or units, beginning balance		1,246	1,185	1,057
Granted, shares or units		633	724	616
Vested, shares or units		(499)	(490)	(407)
Forfeited, shares or units		(192)	(173)	(81)
Non-vested shares outstanding, shares or units, ending balance		1,188	1,246	1,185
Non-vested outstanding, weighted-average grant date fair value, beginning balance		$ 25.43	$ 26.93	$ 28.02
Granted, weighted-average grant date fair value		31.39	24.13	25.9
Vested, weighted-average grant date fair value		25.72	26.92	28.08
Forfeited, weighted-average grant date fair value		26.82	25.91	27.44
Non-vested outstanding, weighted-average grant date fair value, ending balance		$ 28.3	$ 25.43	$ 26.93
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested shares outstanding, shares or units, beginning balance		442	545	542
Granted, shares or units	[1]	214	244	177
Vested, shares or units		(139)	(242)
Forfeited, shares or units		(103)	(105)	(174)
Non-vested shares outstanding, shares or units, ending balance		414	442	545
Non-vested outstanding, weighted-average grant date fair value, beginning balance		$ 26.12	$ 27.62	$ 28.06
Granted, weighted-average grant date fair value	[1]	30.78	25.3	25.97
Vested, weighted-average grant date fair value		28.6	28.3
Forfeited, weighted-average grant date fair value		26.57	26.98	27.29
Non-vested outstanding, weighted-average grant date fair value, ending balance		$ 25.82	$ 26.12	$ 27.62
[1] Represents target number of awards that can vest based on the achievement of the performance goals.

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
U.S. Federal, Current	$ (1,587)	$ 2,989	$ 903
State and local, Current	358	587	107
Foreign, Current	27,725	28,321	22,351
Total current taxes	26,496	31,897	23,361
U.S. Federal, Deferred	(5,910)	(6,206)	(6,544)
State and local, Deferred	809	(1,612)	(1,734)
Foreign, Deferred	(827)	(7,174)	1,030
Total deferred taxes	(5,928)	(14,992)	(7,248)
Total income tax expense	$ 20,568	$ 16,905	$ 16,113

Income Taxes - Schedule of In_2

Income Taxes - Schedule of Income (Loss) Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
United States	$ (32,871)	$ (31,534)	$ (45,390)
Foreign	116,766	112,754	129,732
Income before income taxes	$ 83,895	$ 81,220	$ 84,342

Income Taxes - Schedule of Fede

Income Taxes - Schedule of Federal Statutory Income Tax Rate to Income (Loss) Before Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Tax at statutory rate	$ 17,618	$ 17,056	$ 17,713
State taxes, net of federal tax effect	923	(809)	(1,285)
Effect of foreign operations and tax incentives	(3,110)	(7,474)	(5,954)
Permanent differences	(5,046)	6,768	3,105
Change in valuation allowance	8,155	(241)	41
Global minimum tax	1,038	0	0
GILTI and other foreign income inclusion	1,429	(450)	1,768
Stock-based compensation	(423)	623	447
Non-deductible compensation	1,370	1,883	807
Change in uncertain tax benefit reserve	0	370	40
Other	(1,386)	(821)	(569)
Total income tax expense	$ 20,568	$ 16,905	$ 16,113

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)		12 Months Ended
	Dec. 22, 2017	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2017
Income Taxes [Line Items]
Corporate income tax rate	35%	21%
Effect Of Tax Cuts and Jobs Act [Abstract]
Tax Cuts and Jobs Act, Transition Tax for Accumulated Foreign Earnings Liability		$ 20,100,000				$ 80,500,000
Tax Cuts and Jobs Act, transition tax for accumulated foreign earnings liability current		20,100,000
Foreign earnings repatriated		55,000,000	$ 70,000,000	$ 20,000,000
Cumulative undistributed earnings of foreign subsidiaries		514,300,000
Unrecognized deferred tax liability		12,100,000
Net change in total deferred tax asset valuation allowance		8,200,000	(200,000)
Total tax incentives		$ 5,773,000	$ 6,261,000	$ 9,005,000
Net impact of tax incentives, per diluted share		$ 0.16	$ 0.17	$ 0.25
Unrecognized tax benefits		$ 7,286,000	$ 9,061,000	$ 9,061,000	$ 9,121,000
Decreases related to lapse of statutes		0	0	60,000
Interest on unrecognized tax		0
Research and experimentation		$ 18,580,000	15,861,000
Maximum [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Net change in total deferred tax asset valuation allowance				100,000
Income tax holiday statutory tax rate		25%
Minimum [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Income tax holiday statutory tax rate		15%
Thailand [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Total tax incentives		$ 4,110,000	4,923,000	8,362,000
Income tax holidays expiration date		December 31, 2030
China [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Total tax incentives		$ 1,663,000	$ 1,338,000	$ 643,000
Income tax holidays expiration date		December 31, 2026
Foreign [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Operating loss carryforwards		$ 76,900,000
Foreign operating loss with indefinite carry forward period		$ 11,700,000
Operating loss carryforwards expiration Year		2034
State and local [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Operating loss carryforwards		$ 20,500,000
Tax credit carryforward expiration year		2026
Tax credit carryforward		$ 100,000
State and local [Member] | Earliest Tax Year [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Operating loss carryforwards expiration Year		2037
State and local [Member] | Latest Tax Year [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Operating loss carryforwards expiration Year		2044
Research Tax Credit Carryforward [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Tax credit carryforward		$ 6,600,000
Research Tax Credit Carryforward [Member] | Maximum [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Tax credit carryforward expiration year		2044
Research Tax Credit Carryforward [Member] | Minimum [Member]
Effect Of Tax Cuts and Jobs Act [Abstract]
Tax credit carryforward expiration year		2038

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Carrying value of inventories	$ 3,904	$ 5,782
Accrued liabilities and allowances deductible for tax purposes on a cash basis	8,317	10,213
Goodwill	254	554
Stock-based compensation	5,973	5,853
Operating lease liabilities	30,063	33,260
Net operating loss carryforwards	26,014	12,662
Tax credit carryforwards	6,677	7,372
Research and experimentation	18,580	15,861
Interest rate swap and foreign exchange hedging	970	0
Other	10,484	8,540
Total gross deferred tax assets	111,236	100,097
Less: valuation allowance	(26,657)	(18,502)
Total net deferred tax assets	84,579	81,595
Plant and equipment, due to differences in depreciation	(11,469)	(10,652)
Operating lease right-of-use assets	(29,802)	(32,999)
Intangible assets, due to differences in amortization	(7,830)	(8,946)
Foreign taxes	(898)	(898)
Interest rate swap and foreign exchange hedging	0	(52)
Other	(688)	(1,105)
Total gross deferred tax liabilities	(50,687)	(54,652)
Total net deferred tax assets	33,892	26,943
Long-term assets	33,892	26,943
Long-term liabilities	0	0
Total net deferred tax assets	$ 33,892	$ 26,943

Income Taxes - Schedule of Tax

Income Taxes - Schedule of Tax Incentives (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Line Items]
Total tax incentives	$ 5,773	$ 6,261	$ 9,005
Thailand [Member]
Income Taxes [Line Items]
Total tax incentives	4,110	4,923	8,362
China [Member]
Income Taxes [Line Items]
Total tax incentives	$ 1,663	$ 1,338	$ 643

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Unrecognized Tax Benefits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Balances as of the beginning of the year	$ 9,061,000	$ 9,061,000	$ 9,121,000
Additions related to current year tax positions	0	0	0
Additions related to prior year tax positions	0	0	0
Decreases related to prior year tax positions	(1,775,000)
Decreases related to lapse of statutes	0	0	(60,000)
Balances as of the end of the year	$ 7,286,000	$ 9,061,000	$ 9,061,000

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 2,760,847	$ 2,967,556	$ 3,011,507
Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	723,235	646,292	722,102
Industrial Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	573,271	596,478	593,605
Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	450,683	556,552	592,894
Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	433,968	361,531	347,585
Advanced Computing and Communications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	474,948	678,123	630,145
External Revenue [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,656,105	2,838,976	2,886,331
Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	104,742	128,580	125,176
Americas [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,330,361	1,611,783	1,475,930
Americas [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	212,466	262,117	286,322
Americas [Member] | Industrial Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	130,280	127,491	89,949
Americas [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	236,070	329,816	319,823
Americas [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	370,486	304,932	286,230
Americas [Member] | Advanced Computing and Communications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	328,400	509,631	428,630
Americas [Member] | External Revenue [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,277,702	1,533,987	1,410,954
Americas [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	52,659	77,796	64,976
Asia [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,091,149	1,055,938	1,251,477
Asia [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	389,630	283,870	357,634
Asia [Member] | Industrial Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	331,222	345,465	363,398
Asia [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	167,617	182,532	228,571
Asia [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	15,468	29,153	43,701
Asia [Member] | Advanced Computing and Communications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	146,478	168,436	201,073
Asia [Member] | External Revenue [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,050,415	1,009,456	1,194,377
Asia [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	40,734	46,482	57,100
Europe [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	339,337	299,835	284,100
Europe [Member] | Semi-Cap Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	121,139	100,305	78,146
Europe [Member] | Industrial Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	111,769	123,522	140,258
Europe [Member] | Medical Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	46,996	44,204	44,500
Europe [Member] | Aerospace And Defense Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	48,014	27,446	17,654
Europe [Member] | Advanced Computing and Communications Sector [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	70	56	442
Europe [Member] | External Revenue [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	327,988	295,533	281,000
Europe [Member] | Elimination Of Intersegment Sales [Member]
Disaggregation Of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 11,349	$ 4,302	$ 3,100

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation Of Revenue [Line Items]
Advance payments from customers	$ 143,614	$ 204,883
Customer Deposits and Prepayments of Inventory [Member]
Disaggregation Of Revenue [Line Items]
Advance payments from customers	132,500	191,600
Contractual Timing of Payments [Member]
Disaggregation Of Revenue [Line Items]
Advance payments from customers	$ 11,100	$ 13,300
Transferred Over Time [Member]
Disaggregation Of Revenue [Line Items]
Percentage Of Revenue	86.80%	87.90%	90.80%

Revenue (Summary of activity re

Revenue (Summary of activity related to the company's contract assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Change in Contract with Customer, Asset [Abstract]
Balance as of the beginning of the year	$ 174,979	$ 183,613
Revenue recognized	2,304,221	2,495,298
Amounts collected or invoiced	(2,311,622)	(2,503,932)
Balance as of the end of the period	$ 167,578	$ 174,979

Segment, Geographic Informati_3

Segment, Geographic Information and Major Customer (Narrative) (Details)	12 Months Ended
	Dec. 31, 2024 Number_of_largest_customers Segments	Dec. 31, 2023 Number_of_largest_customers	Dec. 31, 2022 Number_of_largest_customers
Segment Reporting Information [Line Items]
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]	srt:ChiefExecutiveOfficerMember
Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description	Operating segments’ measure of profitability is based on income from operations.
Number of reporting segments | Segments	3
Number of customers | Number_of_largest_customers	10	10	10
Customer Concentration Risk [Member] | Minimum [Member]
Segment Reporting Information [Line Items]
Percentage threshhold for disclosing customer gross accounts receivable	10%	10%
Percentage threshhold for disclosing customer revenue	10%
Sales to Ten Largest Customers [Member] | Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	50%	52%	52%
Customers [Member] | Customer Concentration Risk [Member] | Accounts Receivable [Member]
Segment Reporting Information [Line Items]
Concentration risk, percentage	12%	16%

Segment, Geographic Informati_4

Segment, Geographic Information and Major Customer (Schedule of Operating Segments) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Sales		$ 2,656,105	$ 2,838,976	$ 2,886,331
Cost of sales		2,386,081	2,567,906	2,631,096
Selling, general and administrative expenses		149,460	147,025	150,215
Income from operations		109,411	109,664	90,069
Interest expense		(26,922)	(31,875)	(12,894)
Interest income		10,208	6,256	1,730
Other (expense) income, net		(8,802)	(2,825)	5,437
Income before income taxes		83,895	81,220	84,342
Depreciation and amortization		46,144	45,410	44,252
Capital expenditures		33,253	77,739	46,774
Total assets		2,139,464	2,274,755
Elimination Of Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Sales		(104,742)	(128,580)	(125,176)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales		2,760,847	2,967,556	3,011,507
Income from operations		206,791	205,143	206,740
Other - corporate and eliminations	[1]	(97,380)	(95,479)	(116,671)
Interest expense		(26,922)	(31,875)	(12,894)
Interest income		10,208	6,256	1,730
Other (expense) income, net		(8,802)	(2,825)	5,437
Operating Segments [Member] | External Revenue [Member]
Segment Reporting Information [Line Items]
Sales		2,656,105	2,838,976	2,886,331
Operating Segments [Member] | Intersegment sales [Member]
Segment Reporting Information [Line Items]
Sales		104,742	128,580	125,176
Americas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales		1,330,361	1,611,783	1,475,930
Cost of sales		1,201,073	1,431,551	1,321,316
Selling, general and administrative expenses		31,064	30,905	29,654
Other	[2]	5,350	8,047	4,781
Income from operations		40,215	63,484	55,203
Depreciation and amortization		21,136	20,940	19,574
Capital expenditures		13,692	38,627	30,105
Total assets		866,595	1,064,047
Americas [Member] | Operating Segments [Member] | External Revenue [Member]
Segment Reporting Information [Line Items]
Sales		1,277,702	1,533,987	1,410,954
Americas [Member] | Operating Segments [Member] | Intersegment sales [Member]
Segment Reporting Information [Line Items]
Sales		52,659	77,796	64,976
Asia [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales		1,091,149	1,055,938	1,251,477
Cost of sales		895,842	871,882	1,047,354
Selling, general and administrative expenses		13,878	13,096	12,067
Other	[2]	387	199	305
Income from operations		140,308	124,279	134,651
Depreciation and amortization		10,277	9,746	10,192
Capital expenditures		14,049	25,286	10,534
Total assets		821,252	769,744
Asia [Member] | Operating Segments [Member] | External Revenue [Member]
Segment Reporting Information [Line Items]
Sales		1,050,415	1,009,456	1,194,377
Asia [Member] | Operating Segments [Member] | Intersegment sales [Member]
Segment Reporting Information [Line Items]
Sales		40,734	46,482	57,100
Europe [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Sales		339,337	299,835	284,100
Cost of sales		292,115	269,878	257,493
Selling, general and administrative expenses		9,601	8,108	6,621
Other	[2]	4	167	0
Income from operations		26,268	17,380	16,886
Depreciation and amortization		3,596	3,226	3,289
Capital expenditures		3,585	7,098	4,509
Total assets		225,872	222,591
Europe [Member] | Operating Segments [Member] | External Revenue [Member]
Segment Reporting Information [Line Items]
Sales		327,988	295,533	281,000
Europe [Member] | Operating Segments [Member] | Intersegment sales [Member]
Segment Reporting Information [Line Items]
Sales		11,349	4,302	3,100
Corporate [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization		11,135	11,498	11,197
Capital expenditures		1,927	6,728	$ 1,626
Total assets		$ 225,745	$ 218,373
[1] Includes corporate expenses for unallocated expenses, amortization of intangible assets and restructuring charges and other costs and elimination of intersegment cost of sales. Includes expenses for amortization of intangible assets and restructuring charges and other costs.

Segment, Geographic Informati_5

Segment, Geographic Information and Major Customer (Schedule of Geographic Sales and Long-Lived Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Geographic sales	$ 2,656,105	$ 2,838,976	$ 2,886,331
Long-lived assets	409,227	419,949
United States [Member]
Segment Reporting Information [Line Items]
Geographic sales	1,488,297	1,737,144	1,569,232
Long-lived assets	215,536	231,740
Asia [Member]
Segment Reporting Information [Line Items]
Long-lived assets	89,249	79,203
Singapore [Member]
Segment Reporting Information [Line Items]
Geographic sales	463,553	383,914	457,889
Other Asia [Member]
Segment Reporting Information [Line Items]
Geographic sales	215,898	210,927	332,144
Europe [Member]
Segment Reporting Information [Line Items]
Geographic sales	406,514	402,514	387,276
Long-lived assets	39,936	42,934
Other Foreign [Member]
Segment Reporting Information [Line Items]
Geographic sales	81,843	104,477	$ 139,790
Long-lived assets	$ 64,506	$ 66,072

Segment, Geographic Informati_6

Segment, Geographic Information and Major Customer (Schedule of Sales To Largest Customers) (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Applied Materials, Inc. [Member] | Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Segment Reporting Information [Line Items]
Applied Materials, Inc. and subsidiaries	14%	12%	15%

Accounts Receivable Sale Prog_2

Accounts Receivable Sale Program (Narrative) (Details) - USD ($) $ in Millions		12 Months Ended
	Feb. 03, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Maximum amount of trade accounts receivable sales permitted	$ 200	$ 200
Trade Accounts Receivable Sold		600	$ 565.4	$ 445.4
Amount Received From Trade Accounts Receivable Sold To Third Party		$ 595.9	$ 560.9	$ 443.6

Financial Instruments - (Narrat

Financial Instruments - (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Concentration Risk Customer Accounts Receivable	One of the most significant credit risks is the ultimate realization of accounts receivable. This risk is mitigated by (i) sales generally are to well established companies, (ii) performing ongoing credit evaluation of customers, and (iii) engaging in frequent contact with customers, thus enabling management to monitor current changes in their business operations and respond accordingly. Management believes its allowance for doubtful accounts is adequate as of December 31, 2024.
Interest Rate Swap Agreement [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Derivative Notional Amount	$ 123	$ 127.1
Fixed interest rate	4.039%	4.039%
Unrealized gain (loss)	$ 2.3	$ (3.1)	$ 5
Unrealized gain (loss) on derivatives, net of tax	1.8	(2.3)	3.7
Forward Currency Exchange Contracts [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Unrealized gain (loss)	(6.4)	2.3	0.6
Unrealized gain (loss) on derivatives, net of tax	(4.8)	1.7	0.4
Reclassified accumulated other comprehensive income (loss)	$ 0.6	$ 3.1	$ 0.5

Financial Instruments - Summary

Financial Instruments - Summary of Fair Values of Derivative Instruments (Details) - Other Long-Term Assets (Liabilities) [Member] - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Forward Currency Exchange Contracts [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Fair value of forward currency exchange contracts	$ (3,745)	$ 2,664
Interest Rate Swap Agreement [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Fair value of interest rate swap	$ (114)	$ (2,458)

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Domestic Defined Contribution Plan [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Contributions to defined contribution plans	$ 7	$ 7.3	$ 6.5
Foreign Defined Contribution Plan [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Contributions to defined contribution plans	$ 0.3	$ 0.1	$ 0.1

Contingencies (Narrative) (Deta

Contingencies (Narrative) (Details) $ in Millions	Jan. 07, 2025 USD ($)
Loss Contingencies [Line Items]
Cost related to goods imported	$ 12

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Schedule Of Accumulated Other Comprehensive Loss By Component) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	$ (13,860)	$ (16,233)	$ (17,158)
Other comprehensive gain (loss) before reclassifications	(6,796)	4,600	1,406
Amounts reclassified from accumulated other comprehensive loss	(585)	(2,227)	(481)
Total other comprehensive (loss) income	(7,381)	2,373	925
Accumulated other comprehensive loss, net of tax, ending balance	(21,241)	(13,860)	(16,233)
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)	(12,729)
Other comprehensive gain (loss) before reclassifications	(4,533)	2,119	(3,148)
Amounts reclassified from accumulated other comprehensive loss	0	845	0
Total other comprehensive (loss) income	(4,533)	2,964	(3,148)
Accumulated other comprehensive loss, net of tax, ending balance	(17,446)	(12,913)	(15,877)
Derivative instruments, net of tax [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	160	788	(3,372)
Other comprehensive gain (loss) before reclassifications	(2,459)	2,444	4,641
Amounts reclassified from accumulated other comprehensive loss	(585)	(3,072)	(481)
Total other comprehensive (loss) income	(3,044)	(628)	4,160
Accumulated other comprehensive loss, net of tax, ending balance	(2,884)	160	788
Other [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance	(1,107)	(1,144)	(1,057)
Other comprehensive gain (loss) before reclassifications	196	37	(87)
Amounts reclassified from accumulated other comprehensive loss	0	0	0
Total other comprehensive (loss) income	196	37	(87)
Accumulated other comprehensive loss, net of tax, ending balance	$ (911)	$ (1,107)	$ (1,144)

Restructuring Charges and Oth_3

Restructuring Charges and Other Costs (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 6,336	$ 7,327	$ 5,710
Costs related to asset impairments	0	1,075	0
Loss on assets held for sale	0	0	393
Gain on assets held from sale	0	101	289
Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Legal settlements			3,300
Operating Segments [Member] | Americas [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 5,974	7,042	5,580
Costs related to asset impairments		$ 1,100		$ 4,400
Proceeds from the sale of property, plant and equipment			1,300
Loss on assets held for sale			2,000
Proceeds from sale of building			4,300
Gain on assets held from sale			$ 2,400

Restructuring Charges and Oth_4

Restructuring Charges and Other Costs (Schedule of Restructuring Reserves) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Beginning Balance	$ 125	$ 3,781	$ 3,511
Restructuring Charges	6,336	7,327	5,710
Cash Payments	(6,252)	(10,983)	(5,030)
Non-Cash Activity	0	0	(410)
Ending Balance	209	125	3,781
Severance Costs [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	35	3,683	3,257
Restructuring Charges	4,844	4,508	2,428
Cash Payments	(4,670)	(8,156)	(1,713)
Non-Cash Activity	0	0	(289)
Ending Balance	209	35	3,683
Lease Facility Costs [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	9	17	17
Restructuring Charges	(9)	176	1,261
Cash Payments	0	(184)	(1,261)
Non-Cash Activity	0	0	0
Ending Balance	0	9	17
Other Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	81	81	237
Restructuring Charges	1,501	2,643	2,021
Cash Payments	(1,582)	(2,643)	(2,056)
Non-Cash Activity	0	0	(121)
Ending Balance	$ 0	$ 81	$ 81

Restructuring Charges and Oth_5

Restructuring Charges and Other Costs (Schedule Of Restructuring Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Severance costs	$ 4,844	$ 4,508	$ 2,428
Lease facility costs	(9)	176	1,261
Other exit costs	1,501	2,643	2,021
Total restructuring charges	6,336	7,327	5,710
Operating Segments [Member] | Americas [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs	4,473	4,226	2,298
Lease facility costs	0	176	1,261
Other exit costs	1,501	2,640	2,021
Total restructuring charges	5,974	7,042	5,580
Operating Segments [Member] | Asia [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs	371	0	130
Lease facility costs	(9)	0	0
Other exit costs	0	0	0
Total restructuring charges	362	0	130
Operating Segments [Member] | Europe [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs	0	282	0
Lease facility costs	0	0	0
Other exit costs	0	3	0
Total restructuring charges	$ 0	$ 285	$ 0