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Enterprise Wide Segment Information and Net Sales (Tables)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Net Sales from Based on Location of the Subsidiary The tables below set forth net sales based on the location of the subsidiary producing the net sale:

For the Three Months Ended September 30, 2023

 

Asia

 

Americas

 

Europe

 

Consolidated

 

Total sales

 

$

379,181

 

$

291,359

 

 

$

97,625

 

 

$

768,165

 

Intercompany elimination

 

 

(169,629

)

 

(159,114

)

 

 

(34,775

)

 

 

(363,518

)

Net sales

 

$

209,552

 

 

$

132,245

 

 

$

62,850

 

 

$

404,647

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended September 30, 2022

 

Asia

 

Americas

 

Europe

 

Consolidated

 

Total sales

 

$

473,454

 

$

373,663

 

 

$

98,100

 

 

$

945,217

 

Intercompany elimination

 

 

(201,487

)

 

(189,643

)

 

 

(32,814

)

 

 

(423,944

)

Net sales

 

$

271,967

 

 

$

184,020

 

 

$

65,286

 

 

$

521,273

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of and for the

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2023

 

Asia

 

Americas

 

Europe

 

Consolidated

 

Total sales

 

$

1,206,777

 

 

955,944

 

 

$

315,063

 

 

$

2,477,784

 

Intercompany elimination

 

 

(539,598

)

 

(499,802

)

 

 

(99,344

)

 

 

(1,138,744

)

Net sales

 

$

667,179

 

 

$

456,142

 

 

$

215,719

 

 

$

1,339,040

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

$

537,040

 

 

$

86,951

 

 

$

112,135

 

 

$

736,126

 

Total assets

 

$

1,562,240

 

 

$

520,608

 

 

$

257,374

 

 

$

2,340,222

 

 

 

 

 

 

 

As of and for the

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2022

 

Asia

 

Americas

 

Europe

 

Consolidated

 

Total sales

 

$

1,388,493

 

$

981,317

 

 

$

262,556

 

 

$

2,632,366

 

Intercompany elimination

 

 

(525,306

)

 

(513,814

)

 

 

(88,878

)

 

 

(1,127,998

)

Net sales

 

$

863,187

 

 

$

467,503

 

 

$

173,678

 

 

$

1,504,368

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

$

500,534

 

 

$

96,691

 

 

$

101,227

 

 

$

698,452

 

Total assets

 

$

1,614,300

 

 

$

509,439

 

 

$

238,825

 

 

$

2,362,564

 

Schedule of Net Sales by Direct Sales or Distributor and Location The tables below set forth net sales for the Company disaggregated into geographic locations based on shipment and by type (direct sales or Distributor):

 

 

For the Three Months Ended September 30,

Net Sales by Region

 

2023

 

 

2022

 

 

Asia

 

$

292,968

 

 

$

383,236

 

 

Europe

 

 

73,555

 

 

 

77,162

 

 

Americas

 

 

38,124

 

 

 

60,875

 

 

Total net sales

 

$

404,647

 

 

$

521,273

 

 

 

 

 

 

 

 

 

 

Net Sales by Type

 

 

 

 

 

 

 

Direct sales

 

$

137,661

 

 

$

153,732

 

 

Distributor sales

 

 

266,986

 

 

 

367,541

 

 

Total net sales

 

$

404,647

 

 

$

521,273

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended September 30,

 

 

Net Sales by Region

 

2023

 

 

2022

 

 

Asia

 

$

930,891

 

 

$

1,120,107

 

 

Europe

 

 

242,783

 

 

 

209,965

 

 

Americas

 

 

165,366

 

 

 

174,296

 

 

Total net sales

 

$

1,339,040

 

 

$

1,504,368

 

 

 

 

 

 

 

 

 

 

Net Sales by Type

 

 

 

 

 

 

 

Direct sales

 

$

416,689

 

 

$

449,399

 

 

Distributor sales

 

 

922,351

 

 

 

1,054,969

 

 

Total net sales

 

$

1,339,040

 

 

$

1,504,368