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Segment and Geographic Data (Tables)
12 Months Ended
Dec. 31, 2023
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, 2023:
 
                                           
Net revenues
 
$
778,754
   
$
690,540
   
$
243,146
   
$
843,472
   
$
347,392
   
$
498,741
   
$
-
   
$
3,402,045
 
Segment Operating Income
   
195,793
     
153,462
     
42,963
     
209,425
     
99,684
     
104,985
     
-
   
$
806,312
 
Depreciation expense
   
35,965
     
44,904
     
16,496
     
39,781
     
14,963
     
14,269
     
8,079
   
$
174,457
 
Capital expenditures
   
132,543
     
62,185
     
23,228
     
67,085
     
10,767
     
21,914
     
11,688
   
$
329,410
 
 
                                                               
Total Assets as of December 31, 2023:
 
$
702,299
   
$
852,703
   
$
352,984
   
$
946,585
   
$
365,111
   
$
459,653
   
$
560,588
   
$
4,239,923
 
 
                                                               
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
 
Operating margin reconciliation
   
Years ended December 31,
 
 
 
2023
   
2022
   
2021
 
Reconciliation:
                 
Segment Operating Income
 
$
806,312
   
$
917,431
   
$
750,621
 
Impact of COVID-19 Pandemic on Selling, General, and Administrative Expenses
   
-
     
(546
)
   
-
 
Unallocated Selling, General, and Administrative Expenses
   
(320,168
)
   
(301,399
)
   
(282,819
)
Consolidated Operating Income (Loss)
 
$
486,144
   
$
615,486
   
$
467,802
 
Unallocated Other Income (Expense)
   
(18,742
)
   
(21,981
)
   
(33,192
)
Consolidated Income Before Taxes
 
$
467,402
   
$
593,505
   
$
434,610
 
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,
 
 
 
2023
   
2022
   
2021
 
                   
Distributors
 
$
1,798,291
   
$
2,019,842
   
$
1,902,499
 
OEMs
   
1,378,065
     
1,229,114
     
1,138,569
 
EMS companies
   
225,689
     
248,445
     
199,419
 
   
$
3,402,045
   
$
3,497,401
   
$
3,240,487
 

Net revenues were attributable to customers in the following regions:

 
 
Years Ended December 31,
 
 
 
2023
   
2022
   
2021
 
                   
Asia
 
$
1,255,563
   
$
1,347,893
   
$
1,392,267
 
Europe
   
1,255,652
     
1,146,898
     
1,072,025
 
Americas
   
890,830
     
1,002,610
     
776,195
 
   
$
3,402,045
   
$
3,497,401
   
$
3,240,487
 

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

   
Years Ended December 31,
 
 
 
2023
   
2022
   
2021
 
                   
Industrial
 
$
1,216,078
   
$
1,377,043
   
$
1,269,150
 
Automotive
   
1,202,923
     
1,067,499
     
994,039
 
Military and Aerospace     271,871       215,078       170,484  
Medical
   
152,611
     
133,808
     
130,126
 
Other*
    558,562       703,973       676,688  
   
$
3,402,045
   
$
3,497,401
   
$
3,240,487
 
*Power supplies, telecommunications, consumer products, and computing
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,
 
 
 
2023
   
2022
   
2021
 
 
                 
United States
 
$
879,734
   
$
974,503
   
$
750,862
 
Germany
   
1,076,812
     
1,005,796
     
976,907
 
Other Europe
   
151,160
     
142,454
     
134,773
 
Israel
   
29,560
     
25,844
     
20,362
 
Asia
   
1,264,779
     
1,348,804
     
1,357,583
 
   
$
3,402,045
   
$
3,497,401
   
$
3,240,487
 
Property and Equipment Based on Geographic Area
The following table summarizes property and equipment based on physical location:

   
December 31,
 
 
 
2023
   
2022
 
 
           
United States
 
$
162,428
   
$
144,112
 
Germany
   
305,504
     
229,449
 
Other Europe
   
148,646
     
118,672
 
Israel
   
98,800
     
87,174
 
People's Republic of China
   
250,209
     
250,669
 
Republic of China (Taiwan)
   
207,515
     
192,456
 
Other Asia
   
108,055
     
98,332
 
Other
   
13,489
     
9,595
 
 
 
$
1,294,646
   
$
1,130,459