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Segment and Geographic Data (Tables)
12 Months Ended
Dec. 31, 2022
Segment and Geographic Data [Abstract]  
Segment reporting information
The following tables set forth business segment information:

   
MOSFETs
   
Diodes
   
Optoelectronic
Components
   
Resistors
   
Inductors
   
Capacitors
   
Corporate /
Other
   
Total
 
 
                                               
Year ended December 31, 2022:
 
                                           
Net revenues
 
$
762,260
   
$
765,220
   
$
296,384
   
$
832,806
   
$
331,086
   
$
509,645
   
$
-
   
$
3,497,401
 
Segment Operating Income
   
228,692
     
176,422
     
85,456
     
235,259
     
93,453
     
104,810
     
(6,661
)
 
$
917,431
 
Depreciation expense
   
30,551
     
40,014
     
14,065
     
34,903
     
14,927
     
14,286
     
7,118
   
$
155,864
 
Capital expenditures
   
90,297
     
69,126
     
27,776
     
76,702
     
35,102
     
15,214
     
11,091
   
$
325,308
 
 
                                                               
Total Assets as of December 31, 2022:
 
$
672,048
   
$
814,017
   
$
385,388
   
$
861,870
   
$
322,893
   
$
496,924
   
$
312,513
   
$
3,865,653
 
 
                                                               
Year ended December 31, 2021:
                                                               
Net revenues
 
$
667,998
   
$
709,416
   
$
302,714
   
$
752,554
   
$
335,638
   
$
472,167
   
$
-
   
$
3,240,487
 
Segment Operating Income
   
148,652
     
145,814
     
82,378
     
190,953
     
97,482
     
85,342
     
-
   
$
750,621
 
Depreciation expense
   
30,257
     
40,406
     
14,585
     
34,344
     
14,448
     
17,129
     
8,078
   
$
159,247
 
Capital expenditures
   
44,227
     
45,772
     
25,068
     
57,729
     
24,377
     
13,099
     
8,100
   
$
218,372
 
 
                                                               
Total Assets as of December 31, 2021:
 
$
503,937
   
$
815,751
   
$
377,815
   
$
783,390
   
$
355,353
   
$
496,129
   
$
210,882
   
$
3,543,257
 
 
                                                               
Year ended December 31, 2020:
                                                               
Net revenues
 
$
501,380
   
$
502,548
   
$
236,616
   
$
606,183
   
$
293,629
   
$
361,542
   
$
-
   
$
2,501,898
 
Segment Operating Income
   
76,548
     
69,663
     
50,369
     
130,700
     
82,472
     
50,753
     
(4,563
)
 
$
455,942
 
Depreciation expense
   
30,835
     
39,380
     
16,003
     
32,531
     
13,821
     
17,349
     
8,198
   
$
158,117
 
Capital expenditures
   
18,621
     
31,960
     
12,873
     
21,298
     
20,730
     
11,198
     
6,919
   
$
123,599
 
 
                                                               
Total Assets as of December 31, 2020:
 
$
447,867
   
$
704,606
   
$
341,517
   
$
693,251
   
$
330,092
   
$
438,906
   
$
198,234
   
$
3,154,473
 
Operating margin reconciliation
   
Years ended December 31,
 
 
 
2022
   
2021
   
2020
 
Reconciliation:
                 
Segment Operating Income
 
$
917,431
   
$
750,621
   
$
455,942
 
Restructuring and Severance Costs
   
-
     
-
     
(743
)
Impact of COVID-19 Pandemic on Selling, General, and Administrative Expenses
   
(546
)
   
-
     
1,451
 
Unallocated Selling, General, and Administrative Expenses
   
(301,399
)
   
(282,819
)
   
(246,940
)
Consolidated Operating Income (Loss)
 
$
615,486
   
$
467,802
   
$
209,710
 
Unallocated Other Income (Expense)
   
(21,981
)
   
(33,192
)
   
(51,382
)
Consolidated Income Before Taxes
 
$
593,505
   
$
434,610
   
$
158,328
 
Disaggregation of Revenue
The Company has a broad line of products that it sells to OEMs, EMS companies, and independent distributors.  The distribution of sales by customer type is shown below:

   
Years Ended December 31,
 
 
 
2022
   
2021
   
2020
 
Distributors
 
$
2,019,842
   
$
1,902,499
   
$
1,328,953
 
OEMs
   
1,229,114
     
1,138,569
     
1,003,090
 
EMS companies
   
248,445
     
199,419
     
169,855
 
   
$
3,497,401
   
$
3,240,487
   
$
2,501,898
 

Net revenues were attributable to customers in the following regions:

 
 
Years Ended December 31,
 
 
 
2022
   
2021
   
2020
 
                   
Asia
 
$
1,347,893
   
$
1,392,267
   
$
1,028,073
 
Europe
   
1,146,898
     
1,072,025
     
854,847
 
Americas
   
1,002,610
     
776,195
     
618,978
 
   
$
3,497,401
   
$
3,240,487
   
$
2,501,898
 

The Company generates substantially all of its revenue from product sales to end customers in the industrial, automotive, telecommunications, computing, consumer products, power supplies, military and aerospace, and medical end markets.  Sales by end market are presented below:

   
Years Ended December 31,
 
 
 
2022
   
2021
   
2020
 
                   
Industrial
 
$
1,377,043
   
$
1,269,150
   
$
864,032
 
Automotive
   
1,067,499
     
994,039
     
796,853
 
Computing
   
225,746
     
245,463
     
204,166
 
Military and Aerospace     215,078       170,484       162,484  
Consumer Products
   
182,884
     
165,384
     
118,896
 
Power Supplies
   
175,456
     
165,190
     
116,966
 
Medical
   
133,808
     
130,126
     
129,500
 
Telecommunications     119,887       100,651       109,001  
   
$
3,497,401
   
$
3,240,487
   
$
2,501,898
 
Revenues Based on Geographic Area
The following table summarizes net revenues based on revenues generated by subsidiaries located within the identified geographic area:

 
 
Years ended December 31,
 
 
 
2022
   
2021
   
2020
 
 
                 
United States
 
$
974,503
   
$
750,862
   
$
592,460
 
Germany
   
1,005,796
     
976,907
     
772,194
 
Other Europe
   
142,454
     
134,773
     
103,475
 
Israel
   
25,844
     
20,362
     
16,609
 
Asia
   
1,348,804
     
1,357,583
     
1,017,160
 
   
$
3,497,401
   
$
3,240,487
   
$
2,501,898
 
Property and Equipment Based on Geographic Area
The following table summarizes property and equipment based on physical location:

   
December 31,
 
 
 
2022
   
2021
 
 
           
United States
 
$
144,112
   
$
115,036
 
Germany
   
229,449
     
203,414
 
Other Europe
   
118,672
     
110,859
 
Israel
   
87,174
     
76,057
 
People's Republic of China
   
250,669
     
218,721
 
Republic of China (Taiwan)
   
192,456
     
168,165
 
Other Asia
   
98,332
     
81,741
 
Other
   
9,595
     
5,486
 
 
 
$
1,130,459
   
$
979,479