10-Q/A

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________

FORM 10‑Q/A

_______________

X   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2017

__  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________________ to________________

Commission File Number: 1‑10560

BENCHMARK ELECTRONICS, INC.

(Exact name of registrant as specified in its charter)

	Texas	74‑2211011
	(State or other jurisdiction	(I.R.S. Employer
	of incorporation or organization)	Identification No.)
4141 N. Scottsdale Road, Ste. 300		85251
Scottsdale, Arizona		(Zip Code)
(Address of principal executive offices)

(480) 372-4365

(Registrant’s telephone number, including area code)

3000 Technology Drive, Angleton, Texas  77515

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes [Ö] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes [Ö] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b–2 of the Exchange Act.

Large accelerated filer [Ö]	Accelerated filer [   ]
Non-accelerated filer [   ] (Do not check if a smaller reporting company)	Smaller reporting company [   ]
Emerging growth company [   ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b–2 of the Act). Yes [ ] No [Ö] 

As of August 7, 2017,  there were 49,924,169 shares of Common Stock of Benchmark Electronics, Inc., par value $0.10 per share, outstanding.

EXPLANATORY NOTE

This Amendment No. 1 to Quarterly Report on Form 10-Q/A (this Amended Report) is being filed with the Securities and Exchange Commission to amend the Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2017 (the Original 10-Q) of Benchmark Electronics, Inc., solely to furnish XBRL (eXtensible Business Reporting Language) documents under Exhibit 101.

Except for the foregoing, this Amended Report speaks as of the filing date of the Original 10-Q and does not update or discuss any other Company developments after the date of the Original 10-Q. This Amended Report restates only those portions of the Original 10-Q affected by the above changes.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on August 8, 2017.  

BENCHMARK ELECTRONICS, INC.

(Registrant)

By: /s/ Paul J. Tufano

Paul J. Tufano

President and Chief Executive Officer

(Principal Executive Officer)

By: /s/ Donald F. Adam

Donald F. Adam

Chief Financial Officer

(Principal Financial Officer)

3

EXHIBIT INDEX

Exhibit
Number	Description of Exhibit
3.1	Restated Certificate of Formation of the Company dated May 17, 2016 (incorporated by reference to Exhibit 3.1 to the Company's report on Form 8-K filed with the SEC on May 17, 2016) (the 8-K) (Commission file number 1-10560)
3.2	Amended and Restated Bylaws of the Company dated May 11, 2016 (incorporated by reference to Exhibit 3.2 to the 8-K)
4.1	Specimen form of certificate evidencing the Common Shares (incorporated by reference to Exhibit 4.1 to the Company's quarterly report on Form 10-Q filed with the SEC on November 7, 2014) (Commission file number 1-10560)
10.1*	Agreement between the Company and Jon King, dated as of May 15, 2017.
31.1*	Section 302 Certification of Chief Executive Officer
31.2*	Section 302 Certification of Chief Financial Officer
32.1*	Section 1350 Certification of Chief Executive Officer
32.2*	Section 1350 Certification of Chief Financial Officer
101.INS(1)	XBRL Instance Document
101.SCH(1)	XBRL Taxonomy Extension Schema Document
101.CAL(1)	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB(1)	XBRL Taxonomy Extension Label Linkbase Document
101.PRE(1)	XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF(1)	XBRL Taxonomy Extension Definition Linkbase Document

*   Filed herewith.

⁽¹⁾  XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, is not deemed filed for purposes of section 18 of the Exchange Act, and otherwise is not subject to liability under these sections.

4

EX-10.1

 

Benchmark Electronics, Inc.

3000 Technology Drive

Angleton, TX 77515

979-849-6550

fax: 979-848-5224

May 15, 2017

Mr. Jon J. King

Dear Jon:

The purpose of this agreement (the “Agreement”) is to (i) acknowledge your transition out of your current role as Executive Vice President-Global Operations and the corresponding termination of the Employment Agreement, dated as of December 1, 2005, between you and Benchmark Electronics, Inc. (“Company”) as the same may have been amended to date (the “Prior Agreement”), and (ii) set forth the terms and conditions by which you will continue providing services to Company, in each case effective as of the hiring of your successor as Executive Vice President-Global Operations (the “Effective Date”).    

1. Termination of Prior Agreement; Position; Term.  (a) As of the Effective Date, the Prior Agreement will terminate and be of no force and effect; provided  that your covenants contained in Sections 8 and 9 of the Prior Agreement will survive the termination of the Prior Agreement in accordance with their terms, in each case with the last day of the Term (as defined below) being deemed to be the last day of your term of employment under the Prior Agreement.  You acknowledge and agree that you will not be entitled to any severance or other payment under the Prior Agreement or any other plan, program, or agreement of Company in connection with the termination of the Prior Agreement and your transition to part-time employment as described herein.

(b)  Subject to Section 5, effective as of the Effective Date, you will become a part-time employee of Company and your title will become Vice President-Operational Excellence, reporting to the Executive Vice President-Global Operations, or such other title and officer as may be designated by the Chief Executive Officer of Company.  The anticipated hours for this position will average out to 80 hours monthly.  While you render services to Company, you will be free to engage in other employment, consulting, or other business activity so long as such actions do not create a conflict of interest with, or interfere with your duties and obligations to, Company.  By signing this Agreement, you confirm to Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for Company.  You will continue to be bound by the Benchmark Code of Conduct and the Confidential Information, Proprietary Rights and Arbitration Agreement.  Your transition out of your current role as Executive Vice President-Global Operations and the corresponding termination of the Prior Agreement is not intended to constitute a “separation from service” for purposes of Section 409A of the Internal Revenue Code of 1986, and the regulations promulgated thereunder (“Section 409A”) and you and Company agree and anticipate that the level of services that you will perform following the Effective Date will exceed the maximum level that is presumed to result in a “separation from service” in accordance with Treasury Regulation Section 1.409A-1(h)(1)(ii).

(c)  You will perform such duties as are assigned to you from time to time over the course of your ongoing employment, and, while subject to change at the discretion of Company, your initial duties will be as follows:

·Lead Company’s overall equipment efficiency and operational excellence initiative.

·Serve as special projects liaison for the Executive Vice President-Global Operations.

·Perform such other duties as assigned from time to time by the Executive Vice President-Global Operations or Chief Executive Officer.

(c)  This Agreement will become effective on the Effective Date and will continue until the earlier of October 1, 2020 or such date that this Agreement is terminated (i) by you for any reason (including under the circumstances described in Section 5), (ii) in the event of your death, or (iii) by Company in the event of your Disability or termination for Cause (each as defined below) (the “Term”). 

2. Compensation.  You will retain your current base salary through December 31, 2017; effective January 1, 2018, your annual base salary will be $144,000, payable in accordance with Company’s standard payroll schedule throughout the Term. You will remain eligible for your bonus for 2017 subject to the terms of the governing plan, including, but not limited to, the Company’s discretion to determine the amount, if any, of payout and the requirement that you be employed as of the date payments are made to participants; effective January 1, 2018, you will no longer be eligible for any Company bonus plan (except for the payout of any bonus earned for 2017).

For purposes of this Agreement:

(a) “Cause” shall mean the Employee's (i) gross negligence in the performance of his duties with the Company, which gross negligence results in a material adverse effect on the Company, provided that no such gross negligence will constitute "Cause" if it relates to an action taken or omitted by the Employee in the good faith, reasonable belief that such action or omission was in or not opposed to the best interests of the Company; (ii) habitual neglect or disregard of his duties with the Company that is materially and demonstrably injurious to the Company, after written notice from the Company stating the duties the Employee has failed to perform; (iii) engaging in conduct or misconduct that materially harms the reputation or financial position of the Company; (iv) obstruction, impedance, or failure to materially cooperate with an investigation authorized by the Board, a self-regulatory organization empowered with self-regulatory responsibilities under federal or state laws, or a governmental department or agency; or (v) conviction of a felony, provided that no such conviction will constitute "Cause" if it relates to an action taken or omitted by the Employee in the good faith, reasonable belief that such action or omission was in or not opposed to the best interest of the Company.  The Employee's employment may not and shall not be terminated for Cause unless the (1) Board of Directors provides the Employee with written notice stating the conduct alleged to give rise to such Cause, (2) the Employee has been given an opportunity to be heard by the Board, (3) in the case of clause (i) or (ii) of the definition of Cause, the Employee has been given a reasonable time to cure, and the Employee has not cured such negligence or failure to the reasonable satisfaction of the Board, and (4) the Board has approved such termination by majority vote of the members of the Board of Directors, excluding the Employee.

(b)  “Disability”  shall mean, as determined in the sole discretion of Company, your inability to perform the essential functions of your job, with or without reasonable accommodation, for a period of greater than 12 weeks in any calendar year during the term of this Agreement as a result of mental or physical illness or injury. 

For the avoidance of doubt, if you are terminated for Cause, voluntarily terminate your employment for any reason, or your employment terminates by reason of death or Disability, you will receive only your base salary earned through the date of termination and will not be entitled to any further payment or benefits under this Agreement. 

3. Employee Benefits.  You will be entitled to any and all benefits, with the exception of paid vacation, afforded to Benchmark employees so long as employee contributions are maintained via payroll deduction.  Reasonable expenses related to conducting Company business will be reimbursed to you and processed in accordance with Company’s Global Travel and Expense Report Policy. 

4. Company equity awards.  Notwithstanding any provision to the contrary therein, your transition out of your current role as Executive Vice President-Global Operations and the corresponding termination of the Prior Agreement will not constitute a termination of employment or the occurrence of an event constituting “Good Reason” within the meaning of your outstanding Company equity awards, and such awards will no longer include any terms regarding the occurrence of an event constituting “Good Reason” following the Effective Date.  As a result, your outstanding Company equity awards will remain outstanding through the Effective Date and vesting

thereof will continue pursuant to their terms as long as you continue to provide services to Company hereunder; however, any then-unvested awards will be forfeited in the event you terminate your employment hereunder for any reason following the Effective Date.  You will not be eligible to receive any additional long-term incentive compensation awards following the Effective Date.

5. Release.  As a condition to your transition to part-time employment and your receipt of the compensation and benefits described herein, (a) you shall execute and deliver to the Company a release of claims substantially in the form and substance as set forth in Exhibit A  attached hereto (the “General Release”) (as such form may be amended following the date hereof as required by applicable law) and (b) the General Release shall become effective and the revocation period provided therein shall have expired without you having revoked such General Release within the 28-day period following the Effective Date.  In the event you do not execute and deliver the General Release to the Company, the General Release does not become effective and irrevocable within such period or you revoke the General Release, (i) you shall be deemed to have voluntarily terminated your employment for purposes of this Agreement and any other compensation and benefit plans of the Company, (ii) you shall not be entitled to the payments or benefits described herein and (iii) you shall be required to reimburse the Company, in cash within five business days after written demand is made by the Company therefore, for an amount equal to the value of any compensation or benefits you received following the Effective Date pursuant to this Agreement.

6. Entire Agreement.  Except as set forth below, this Agreement constitutes the full and complete agreement between you and Company regarding your service to Company and the subject matter addressed herein.  Any prior agreement, arrangement or understanding relating to the matters contemplated herein, written or oral, is superseded by this Agreement; provided that, as noted above and for purposes of clarity, nothing herein shall supersede your agreement to abide by the Confidential Information, Proprietary Rights and Arbitration Agreement and your covenants contained in Sections 8 and 9 of the Prior Agreement.

7. Tax Matters. 

(a) Withholding.  All forms of compensation referred to in this Agreement are subject to reduction to reflect applicable withholding and payroll taxes and other deductions required by law.

(b) Tax Advice.  You are encouraged to obtain your own tax advice regarding your compensation from Company.  You agree that Company does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make any claim against Company or its Board of Directors related to tax liabilities arising from your compensation.

8. Interpretation, Amendment and Enforcement.  This Agreement may not be amended or modified, except by an express written agreement signed by both you and a duly authorized officer of Company (other than you).  The terms of this Agreement and the resolution of any disputes as to the meaning, effect, performance or validity of this Agreement or arising out of, related to, or in any way connected with, this Agreement, your employment with Company or any other relationship between you and Company (“Disputes”) will be governed by Texas law, excluding laws relating to conflicts or choice of law.  You and Company submit to the exclusive personal jurisdiction of the federal and state courts located in Texas in connection with any Dispute or any claim related to any Dispute.

9. 409A.  This Agreement is intended to satisfy, or be exempt from, the requirements of Section 409A, and should be interpreted accordingly.  Notwithstanding anything to the contrary in this Agreement, if any amount payable pursuant to this Agreement constitutes a deferral of compensation subject to Section 409A, and if such amount is payable as a result of your “separation from service” at such time as you are a “specified employee” (within the meaning of those terms as defined in Section 409A), then no payment shall be made, except as permitted under Section 409A, prior to the first business day after the date that is six months after your separation from service.

10. Severability.  If any provision of this Agreement is held to be illegal, invalid or unenforceable, such provision will be fully severable and this Agreement will be construed and enforced as if such illegal, invalid or unenforceable provision never comprised a part hereof, and the remaining provisions hereof will remain in full force and effect and will not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom. 

Furthermore, in lieu of such illegal, invalid or unenforceable provision, there will be added automatically as part of this Agreement a provision as similar in its terms to such illegal, invalid, or unenforceable provision as may be possible and be legal, valid and enforceable.

11.  Waivers.  No delay or omission by either party hereto in exercising any right, power or privilege hereunder will impair such right, power or privilege, nor will any single or partial exercise of any such right, power or privilege preclude any further exercise of any other right, power or privilege.

12.  Counterparts.  This Agreement may be executed in multiple counterparts (including by facsimile or by PDF), each of which will be deemed an original, and all of which together will constitute one and the same instrument.

Sincerely,

Benchmark Electronics, Inc.

By: /s/ Scott R. Peterson   

Scott R. Peterson

Vice President

I have read, understand, and agree to the terms set forth above:

/s/ Jon J. King                                      

­­­­­Jon J. King, May 15, 2017

Release

THIS RELEASE (this “Release”) is executed by Jon J. King (“Executive”) and delivered by him to Benchmark Electronics, Inc. (“Company”). 

WHEREAS, Executive and Company entered into a letter agreement dated as of May 15, 2017 (the “Letter Agreement”); and

WHEREAS, it is a condition to certain obligations under the Letter Agreement that Executive execute and deliver this Release.

NOW, THEREFORE, in consideration of the payments and benefits set forth in the Letter Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Executive agrees as follows:

1.  Release and Waiver.  Executive, on behalf of himself and his agents, heirs, executors, administrators, successors and assigns, hereby RELEASE AND FOREVER DISCHARGES Company, as well as any and all officers, directors, agents, employees, partners, shareholders, attorneys, insurers, predecessors, successors, and assigns of any of the entities comprising Company (collectively the “Released Parties”) from any and all claims, damages, complaints, grievances, causes of action, suits, liabilities, demands and expenses (including attorneys’ fees) of any nature whatsoever, both at law and in equity (except those expressly reserved herein), whether known or unknown, now existing or which may result from the existing state of things, which Executive now has or ever had against the Released Parties from the beginning of time to the date of execution of this Release (set forth under Executive’s signature hereto).  In particular, without limitation of the foregoing, the Released Parties are specifically released from and held harmless from any and all claims arising out of or related to Executive’s employment relationship with Company, including, without limitation, Executive’s separation from full-time employment and the termination of the Prior Agreement (as defined in the Letter Agreement).  It is Executive’s intention that this Release constitute a full and final general release of all such claims and that this release be as broad as possible.   This Release does not apply to claims and rights that arise after the date of the execution of this Release (set forth under the Executive’s signature hereto).

2.  Scope of Release.  Without limiting the foregoing in any way and to the fullest extent allowed by law, this Release includes, but is not limited to, any rights or claims Executive may have under: the Age Discrimination in Employment Act of 1967 (29 U.S.C. § 621, et seq.); Title VII of the Civil Rights Acts of 1964; 42 U.S.C. § 1981; the Family and Medical Leave Act; the Fair Labor Standards Act; the Equal Pay Act; the Rehabilitation Act of 1973 and the Americans with Disabilities Act; the Employee Retirement Income Security Act; the Worker Adjustment and Retraining Notification Act; the Older Workers Benefit Protection Act; the National Labor Relations Act; the Unfair Business Practices Act; and any other federal, state or local laws or regulations concerning employment or prohibiting employment discrimination, harassment or retaliation.  This Release also includes any claims against Company and/or the Released Parties based on contract or tort, claims for defamation, libel, invasion of privacy, intentional or negligent infliction of emotional distress, wrongful termination, constructive discharge, breach of contract, breach of the covenant of good faith and fair dealing, breach of fiduciary duty, and fraud.  Executive agrees that he shall never file a lawsuit or other complaint challenging the validity or enforceability of this Release.  Executive does not by this Release relinquish (a) any right to any vested benefits under any benefit plans or arrangements maintained by the Company or its subsidiaries or affiliates, (b) any right to indemnification under any applicable directors and officers liability insurance policy, indemnity agreement, applicable state and federal law and Company’s articles of incorporation and bylaws and (c) Executive’s right to receive the compensation and benefits set forth in the Letter Agreement.

3.  No Lawsuits, Complaints or Claims.  To the fullest extent allowed by law, Executive waives his right to file any charge or complaint against Company and/or any of the Released Parties arising out of his employment, separation from full-time employment, the termination of the Prior Agreement or any facts occurring prior to his execution of this Release before any federal, state or local court or any federal, state or local administrative agency, except where such waivers are prohibited by law.  By signing this Release, Executive represents that he has not filed any such claims, causes of action or complaints.  Notwithstanding the foregoing, Executive does not waive or

Release Agreement1

release any claim that cannot be validly waived or released by private agreement.  Specifically, nothing in this Release shall prevent Executive from filing a charge or complaint with, or from participating in, an investigation or proceeding conducted by the SEC, EEOC or any other federal, state or local agency charged with the enforcement of any employment laws.  However, Executive understands that by signing this Release, Executive waives the right to recover any damages or to receive other relief in any claim or suit brought by or through the EEOC or any other state or local deferral agency on his behalf to the fullest extent permitted by law, but expressly excluding any award or other relief available from the SEC.  This Release is not intended to, and shall not be interpreted in any manner that limits or restricts Executive from, exercising any legally protected whistleblower rights (including pursuant to Rule 21F under the U.S. Securities and Exchange Act of 1934) or receiving an award for information provided to any government agency under any legally protected whistleblower rights.  Executive acknowledges and agree that he has been paid all wages owed to him, including, but not limited to, all salary, bonuses, commissions, and pay for earned but unused vacation, and that he have not been denied any legally-protected leave.  Executive acknowledges and agree that he is not entitled to any severance or other payment under the Prior Agreement or any other plan, program, or agreement.  Executive further acknowledges that he has no pending workers’ compensation claims and that this Release is not related in any way to any claim for workers’ compensation benefits, and that he has no basis for such a claim.

4.  Adequate Notice.  Executive acknowledges that he was given an adequate opportunity to review and consider this Release.

5.  Consult an Attorney.  Executive acknowledges that Company has advised him to consult an attorney, at his expense, concerning his rights and the terms of this Release, and that Executive had sufficient time to do so and did so or voluntarily chose not to do so.  Executive’s waivers are knowing, conscious and with full appreciation that at no time in the future may he pursue any of the rights that he waived in this Release.

6.  Right to Revoke.  During the seven-day period following the date the Executive executes this Release (such period, the “Revocation Period”), Executive may revoke this Release completely by delivering a letter, personally or by USPS Certified Mail, to Company’s Corporate Secretary, containing Executive’s revocation of this Release.  This Release shall become effective on the day following the conclusion of the Revocation Period.  This Release shall have no legal effect if revoked as provided herein.

IN WITNESS WHEREOF, Executive has executed and delivered this Release on the date set forth below.

Jon J. King

Date:

Release Agreement2

EX-31.1

 

Exhibit 31.1

Section 302 Certification of Chief Executive Officer

I, Paul J. Tufano, certify that:

1.I have reviewed this quarterly report on Form 10-Q of Benchmark Electronics, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.Benchmark’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for Benchmark and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to Benchmark, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of Benchmark’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in Benchmark’s internal control over financial reporting that occurred during Benchmark’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, Benchmark’s internal control over financial reporting; and

5.Benchmark’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to Benchmark’s auditors and the audit committee of Benchmark’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect Benchmark’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in Benchmark’s internal control over financial reporting.

By: /s/ Paul J. Tufano

Paul J. Tufano

President and Chief Executive Officer

August 8, 2017

EX-31.2

 

Exhibit 31.2

Section 302 Certification of Chief Financial Officer

I, Donald F. Adam, certify that:

1.I have reviewed this quarterly report on Form 10-Q of Benchmark Electronics, Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.Benchmark’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for Benchmark and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to Benchmark, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of Benchmark’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in Benchmark’s internal control over financial reporting that occurred during Benchmark’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, Benchmark’s internal control over financial reporting; and

5.Benchmark’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to Benchmark’s auditors and the audit committee of Benchmark’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect Benchmark’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in Benchmark’s internal control over financial reporting.

By: /s/ Donald F. Adam

Donald F. Adam

Chief Financial Officer

August 8, 2017

EX-32.1

 

Exhibit 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
(Section 906 of the Sarbanes-Oxley Act of 2002)

In connection with the Quarterly Report of Benchmark Electronics, Inc. (the Company) on Form 10-Q for the period ending June 30, 2017 (the Report), I certify to the best of my knowledge that:

(1)The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By: /s/ Paul J. Tufano

Paul J. Tufano

President and Chief Executive Officer

August 8, 2017

EX-32.2

 

Exhibit 32.2

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
(Section 906 of the Sarbanes-Oxley Act of 2002)

In connection with the Quarterly Report of Benchmark Electronics, Inc. (the Company) on Form 10-Q for the period ending June 30, 2017 (the Report), I certify to the best of my knowledge that:

(1)The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By: /s/ Donald F. Adam

Donald F. Adam

Chief Financial Officer

August 8, 2017

XML

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 07, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q2
Entity Registrant Name	BENCHMARK ELECTRONICS INC
Entity Central Index Key	0000863436
Trading Symbol	BHE
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		49,924,169
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No

XML

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 749,311	$ 681,433
Accounts receivable, net of allowance for doubtful accounts of $4,535 and $2,838, respectively	391,830	440,692
Inventories, net	416,030	381,334
Prepaid expenses and other assets	39,177	28,057
Income taxes receivable	1,296	146
Total current assets	1,597,644	1,531,662
Property, plant and equipment, net of accumulated depreciation of $416,263 and $406,375, respectively	172,080	166,148
Goodwill	191,616	191,616
Deferred income taxes	4,366	6,572
Other, net	98,734	102,670
Total assets	2,064,440	1,998,668
Current liabilities:
Current installments of long-term debt and capital lease obligations	15,333	12,396
Accounts payable	343,241	326,249
Income taxes payable	3,864	3,534
Accrued liabilities	83,684	70,202
Total current liabilities	446,122	412,381
Long-term debt and capital lease obligations, less current installments	202,122	211,252
Other long-term liabilities	10,359	9,570
Shareholders' equity:
Common stock, $0.10 par value; 145,000 shares authorized; issued and outstanding - 49,845 and 49,330, respectively	4,985	4,933
Additional paid-in capital	637,796	626,306
Retained earnings	773,943	748,402
Accumulated other comprehensive loss	(10,887)	(14,176)
Total shareholders' equity	1,405,837	1,365,465
Total liabilities and shareholders' equity	$ 2,064,440	$ 1,998,668

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Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Consolidated Balance Sheets [Abstract]
Allowance for doubtful accounts, accounts receivable	$ 4,535	$ 2,838
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment	$ 416,263	$ 406,375
Preferred shares, par value	$ 0.1	$ 0.1
Preferred shares, shares authorized	5,000	5,000
Preferred shares, issued	0	0
Common stock, par value	$ 0.1	$ 0.1
Common stock, shares authorized	145,000	145,000
Common stock, issued	49,845	49,330
Common stock, outstanding	49,845	49,330

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Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Consolidated Statements Of Income [Abstract]
Sales	$ 616,904	$ 579,342	$ 1,183,405	$ 1,128,567
Cost of sales	558,317	526,488	1,075,758	1,025,396
Gross profit	58,587	52,854	107,647	103,171
Selling, general and administrative expenses	32,335	28,540	64,986	56,997
Amortization of intangible assets	2,481	2,972	4,962	5,775
Restructuring charges and other costs	1,544	3,602	3,055	6,391
Income from operations	22,227	17,740	34,644	34,008
Interest expense	(2,312)	(2,299)	(4,537)	(4,633)
Interest income	1,213	329	2,287	593
Other income (expense), net	(830)	71	(911)	(152)
Income before income taxes	20,298	15,841	31,483	29,816
Income tax expense	3,122	3,156	4,620	6,079
Net income	$ 17,176	$ 12,685	$ 26,863	$ 23,737
Earnings per share:
Basic	$ 0.35	$ 0.26	$ 0.54	$ 0.48
Diluted	$ 0.34	$ 0.26	$ 0.54	$ 0.47
Weighted-average number of shares outstanding:
Basic	49,766	49,323	49,640	49,586
Diluted	50,239	49,667	50,209	50,042

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Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Consolidated Statements Of Comprehensive Income [Abstract]
Net income	$ 17,176	$ 12,685	$ 26,863	$ 23,737
Other comprehensive income (loss):
Foreign currency translation adjustments	2,513	(832)	3,121	516
Unrealized gain (loss) on investments, net of tax	12	22	16	16
Unrealized gain (loss) on derivative, net of tax	(200)	(667)	165	(2,899)
Other	0	0	(13)	0
Other comprehensive income (loss)	2,325	(1,477)	3,289	(2,367)
Comprehensive income	$ 19,501	$ 11,208	$ 30,152	$ 21,370

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Consolidated Statements Of Shareholders' Equity - 6 months ended Jun. 30, 2017 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Balances, shares at Dec. 31, 2016	49,330	49,330
Balances, value at Dec. 31, 2016	$ 1,365,465	$ 4,933	$ 626,306	$ 748,402	$ (14,176)
Stock-based compensation expense	$ 4,505	$ 0	4,505	0	0
Shares repurchased and retired, shares	(61)	(61)
Shares repurchased and retired, value	$ (2,000)	$ (6)	(672)	(1,322)	0
Stock options exercised, shares	411	411
Stock options exercised, value	$ 8,094	$ 41	8,053	0	0
Vesting of restricted stock units, shares	177	177
Vesting of restricted stock units, value	$ 0	$ 18	(18)	0	0
Shares withheld for taxes, shares	(12)	(12)
Shares withheld for taxes, value	$ (379)	$ (1)	(378)	0	0
Net income	26,863	0	0	26,863	0
Other comprehensive income	$ 3,289	$ 0	0	0	3,289
Balances, shares at Jun. 30, 2017	49,845	49,845
Balances, value at Jun. 30, 2017	$ 1,405,837	$ 4,985	$ 637,796	$ 773,943	$ (10,887)

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Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net income	$ 26,863	$ 23,737
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	18,414	21,160
Amortization	5,903	6,740
Deferred income taxes	2,103	2,649
Asset impairments	0	121
Gain on the sale of property, plant and equipment	(167)	(136)
Stock-based compensation expense	4,505	3,981
Excess tax benefit from stock-based compensation	0	(122)
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts receivable	49,394	57,044
Inventories	(34,218)	37,034
Prepaid expenses and other assets	(9,658)	(5,864)
Accounts payable	16,675	23,084
Accrued liabilities	13,388	(10,036)
Income taxes	(673)	(1,258)
Net cash provided by operations	92,529	158,134
Cash flows from investing activities:
Proceeds from sales of investments at par	250	200
Additions to property, plant and equipment	(24,039)	(15,149)
Proceeds from the sale of property, plant and equipment	235	188
Additions to purchased software	(2,340)	(1,054)
Other	(105)	(83)
Net cash used in investing activities	(25,999)	(15,898)
Cash flows from financing activities:
Proceeds from stock options exercised	8,094	823
Shares withheld for taxes	(379)	(536)
Excess tax benefits from stock-based compensation	0	122
Principal payments on long-term debt and capital lease obligations	(6,185)	(6,149)
Share repurchases	(2,000)	(29,315)
Debt issuance costs	(433)	0
Net cash used in financing activities	(903)	(35,055)
Effect of exchange rate changes	2,251	72
Net increase in cash and cash equivalents	67,878	107,253
Cash and cash equivalents at beginning of year	681,433	465,995
Cash and cash equivalents at end of period	$ 749,311	$ 573,248

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Basis of Presentation

6 Months Ended

Jun. 30, 2017

Basis of Presentation [Abstract]

Basis of Presentation

Note 1 – Basis of Presentation

Benchmark Electronics, Inc. (the Company) is a Texas corporation that provides worldwide integrated electronic manufacturing services (EMS), engineering and design services, and precision machining services. The Company provides services to original equipment manufacturers (OEMs) in the following industries: industrial controls, aerospace and defense (A&D), telecommunications, computers and related products for business enterprises, medical devices, and test and instrumentation. The Company has manufacturing operations located in the United States and Mexico (the Americas), Asia and Europe.

The unaudited condensed consolidated financial statements included herein have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). The financial statements reflect all normal and recurring adjustments necessary in the opinion of management for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and notes included in the Company’s annual report on Form 10-K for the year ended December 31, 2016 (the 2016 10-K).

Management has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in accordance with generally accepted accounting principles in the United States (U.S. GAAP). Actual results could differ from those estimates and assumptions.

Effective January 1, 2017, the Company adopted a new accounting standard update that simplifies several aspects of the accounting for employee share-based payment transactions, including accounting for income taxes, forfeitures, and statutory withholding requirements, as well as classification in the Condensed Consolidated Statements of Cash Flows. As required by this standard, excess tax benefits recognized on stock-based compensation expense are reflected in the accompanying Condensed Consolidated Income Statement as a component of the provision for income taxes on a prospective basis (See Note8). As a result of including the income tax effects from excess tax benefits in income tax expense, the effects of the excess tax benefits are no longer included in the calculation of diluted shares outstanding, resulting in an increase in the number of diluted shares outstanding. The Company adopted this change in the method of calculating diluted shares outstanding on a prospective basis. Additionally, excess tax benefits or deficiencies recognized on stock-based compensation expense are classified as an operating activity in the accompanying Condensed Consolidated Statements of Cash Flows. The Company has applied this provision prospectively. Additionally, the Company is now required to present the cost of shares withheld from the employee to satisfy the employees’ income tax liability as a financing activity on the statement of cash flows rather than as an operating cash flow. The Company adopted this change retrospectively. As a result, for the six months ended June 30,2016, net cash provided by operations increased by $0.5 million with a corresponding offset to net cash used in financing activities. The standard also allows for the option to account for forfeitures as they occur when determining the amount of compensation cost to be recognized, rather than estimating expected forfeitures over the course of a vesting period. The Company elected to account for forfeitures as they occur. The net cumulative effect to the Company from the adoption of this accounting standard update was an increase to paid-in capital of $0.2 million and a reduction to retained earnings of $0.2 million as of January 1, 2017.

Certain reclassifications of prior period amounts have been made to conform to the current period presentation. During the quarter ended September 30, 2016, the Company concluded that it was appropriate to classify amounts relating to the amortization of intangible assets separately. Previously, the Company had reported these amounts under the captions “cost of sales” and “selling, general and administrative expenses”. These reclassifications had no effect on previously reported net income.

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Stock-Based Compensation

6 Months Ended

Jun. 30, 2017

Stock-Based Compensation [Abstract]

Stock-Based Compensation

Note 2 – Stock-Based Compensation

The Company’s 2010 Omnibus Incentive Compensation Plan (the 2010 Plan) authorizes the Company, upon approval of the Compensation Committee of the Board of Directors, to grant a variety of awards, including stock options, restricted shares and restricted stock units (both time-based and performance-based) and 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 are granted to employees with an exercise price equal to the market price of the Company’s common shares on the date of grant, generally vest over a four-year period from the date of grant and have a term of ten years. Time-based restricted stock units granted to employees generally vest over a four-year period from the date of grant, subject to the continued employment of the employee by the Company. Performance-based restricted stock unit awards 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 2010 Plan to non-employee directors have been in the form of restricted stock units, which vest in equal quarterly installments over a one-year period, starting on the grant date.

As of June 30,2017, 3.2 million additional common shares were available for issuance under the Company’s 2010 Plan.

All share-based payments to employees, including grants of employee stock options, are recognized in the financial statements based on their grant date fair values. The total compensation cost recognized for stock-based awards was$2.3 million and $4.5 million for the three and six months endedJune 30,2017, respectively, and $1.9 million and $4.0 million for the three and six months endedJune 30,2016, respectively. The total income tax benefit recognized in the condensed income statements for stock-based awards was $0.9 million and $1.6 million for the three and six months endedJune 30,2017, respectively, and $0.7 million and $1.5 million for the three and six months endedJune 30,2016, respectively. Awards of restricted shares, restricted stock units, and performance-based restricted stock units are valued at the closing market price of the Company’s common shares on the date of grant. For performance-based restricted stock units, compensation expense is based on the probability that the performance goals will be achieved, which is monitored by management throughout the requisite service period. When it becomes probable, based on the Company’s expectation of performance during the measurement period, that more or less than the previous estimate of the awarded shares will vest, an adjustment to stock-based compensation expense is recognized as a change in accounting estimate.

As of June 30,2017, the unrecognized compensation cost and remaining weighted-average amortization related to stock-based awards were as follows:

					Performance-
					based
			Restricted		Restricted
		Stock	Stock		Stock
(in thousands)		Options	Units		Units(1)
Unrecognized compensation cost		$ 1,223		$ 13,673		$ 5,195
Remaining weighted-average
amortization period	1.1 years			2.6 years		1.8 years
(1) Based on the probable achievement of the performance goals identified in each award.

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model. No options were granted during the six months endedJune 30,2017 and 2016.

The total cash received by the Company as a result of stock option exercises for the six months endedJune 30,2017 and 2016 was approximately $8.1 million and $0.8 million, respectively. The actual tax benefit realized as a result of stock option exercises and the vesting of other share-based awards during the six months endedJune 30,2017 and 2016 was $3.8million and $1.6 million, respectively. For the six months endedJune 30,2017 and 2016, the total intrinsic value of stock options exercised was $5.2 million and $0.3 million, respectively.

The Company awarded performance-based restricted stock units to employees during the six months endedJune 30,2017and 2016. The number of performance-based restricted stock units that may 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 audited 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 growth, operating margin expansion, and return on invested capital. If the performance goals are not met based on the Company’s financial results, the applicable performance-based restricted stock units will not vest and will be forfeited. Shares subject to forfeited performance-based restricted stock units will be available for issuance under the 2010 Plan.

The following table summarizes activities relating to the Company’s stock options:

			Weighted-
		Weighted-	Average
		Average	Remaining	Aggregate
	Number of	Exercise	Contractual	Intrinsic
(in thousands, except per share data)	Options	Price	Term (Years)	Value
Outstanding as of December 31, 2016	1,197	$19.51
Exercised	(411)	19.71
Forfeited or expired	(11)	19.99
Outstanding as of June 30, 2017	775	$19.40	5.35	$ 10,004
Exercisable as of June 30, 2017	619	$18.46	3.64	$ 8,559

The aggregate intrinsic value in the table above is before income taxes and is calculated as the difference between the exercise price of the underlying options and the Company’s closing stock price as of the last business day of the period ended June 30,2017 for options that hadexercise prices that were below the closing price.

The following table summarizes the activities related to the Company’s time-based restricted stock units:

		Weighted-
		Average
	Number of	Grant Date
(in thousands, except per share data)	Units	Fair Value
Non-vested awards outstanding as of December 31, 2016	525	$22.57
Granted	264	31.50
Vested	(177)	21.01
Forfeited	(29)	23.39
Non-vested awards outstanding as of June 30, 2017	583	$27.05

The following table summarizes the activities related to the Company’s performance-based restricted stock units:

		Weighted-
		Average
	Number of	Grant Date
(in thousands, except per share data)	Units	Fair Value
Non-vested units outstanding as of December 31, 2016	227	$21.43
Granted (1)	144	31.40
Forfeited or expired	(50)	18.69
Non-vested units outstanding as of June 30, 2017	321	$26.35

⁽¹⁾Represents target number of units that can vest based on the achievement of the performance goals.

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Earnings Per Share

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share

Note 3 – Earnings Per Share

Basic earnings per share is computed using the weighted-average number of 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 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:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands, except per share data)			2017		2016		2017		2016
Net income		$	17,176	$	12,685	$	26,863	$	23,737
Denominator for basic earnings per share -
	weighted-average number of common
	shares outstanding during the period		49,766		49,323		49,640		49,586
Incremental common shares attributable to
	exercise of dilutive options		318		287		341		289
Incremental common shares attributable
	to outstanding restricted stock units		155		57		228		167
Denominator for diluted earnings per share			50,239		49,667		50,209		50,042
Basic earnings per share		$	0.35	$	0.26	$	0.54	$	0.48
Diluted earnings per share		$	0.34	$	0.26	$	0.54	$	0.47

Options to purchase 1.0 million common shares for both the three- and six-month periods ended June 30,2016were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.

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Goodwill And Other Intangible Assets

6 Months Ended

Jun. 30, 2017

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets

Note 4 – Goodwill and Other Intangible Assets

Goodwill allocated to the Company’s reportable segments was as follows:

(in thousands)		Americas		Asia		Total
Goodwill as of December 31, 2016 and June 30, 2017	$	153,514	$	38,102	$	191,616

Other assets consist primarily of acquired identifiable intangible assets and capitalized purchased software costs. Intangible assets as ofJune 30,2017 and December 31, 2016were as follows:

		As of June 30, 2017
		Gross				Net
		Carrying	Accumulated			Carrying
(in thousands)		Amount	Amortization			Amount
Customer relationships	$	100,144	$	(31,145)	$	68,999
Purchased software costs		33,936		(29,038)		4,898
Technology licenses		26,800		(15,968)		10,832
Trade names and trademarks		7,800		-		7,800
Other		868		(249)		619
Total	$	169,548	$	(76,400)	$	93,148
		As of December 31, 2016
		Gross				Net
		Carrying	Accumulated			Carrying
(in thousands)		Amount	Amortization			Amount
Customer relationships	$	100,053	$	(27,883)	$	72,170
Purchased software costs		31,582		(28,508)		3,074
Technology licenses		26,800		(14,189)		12,611
Trade names and trademarks		7,800		-		7,800
Other		868		(237)		631
Total	$	167,103	$	(70,817)	$	96,286

Customer relationships are being amortized on a straight-line basis over a period of 10 to 14 years. Capitalized purchased software costs are being amortized on a straight-line basis over the estimated useful life of the related software, which ranges from 2 to 10 years. Technology licenses are being amortized over their estimated useful lives in proportion to the economic benefits consumed. The Company’s acquired trade names and trademarks have been determined to have an indefinite life. Amortization for the six months endedJune 30,2017 and 2016 was as follows:

	Six Months Ended
	June 30,
(in thousands)		2017		2016
Amortization of intangible assets	$	4,962	$	5,775
Amortization of capitalized purchased software costs		516		587
Amortization of debt costs		425		378
	$	5,903	$	6,740

The estimated future amortization expense of acquired intangible assets for each of the next five years is as follows (in thousands):

Year ending December 31,		Amount
2017 (remaining six months)	$	5,640
2018		10,245
2019		10,084
2020		9,316
2021		6,389

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Borrowing Facilities

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Borrowing Facilities

Note 5 – Borrowing Facilities

The Company has a $430 million Credit Agreement (the Credit Agreement) by and among Benchmark, JPMorgan Chase Bank, N.A. as administrative agent and collateral agent (the Administrative Agent), and the financial institutions acting as lenders thereunder from time to time. This Credit Agreement provides for a five-year $200 million revolving credit facility and a five-year $230 million term loan facility (the Term Loan), both with a maturity date of November 12, 2020.The revolving credit facility is available for general corporate purposes, may be drawn in foreign currencies up to an amount equivalent to $20 million, and may be used for letters of credit up to $20 million. The Credit Agreement includes an accordion feature, pursuant to which total commitments under the facility may be increased by an additional $150 million, subject to the satisfaction of certain conditions.

The Term Loan is payable in minimum quarterly principal installments of $2.9 million in2017, $4.3 million in 2018, $5.8 million in 2019, and $8.6 million in 2020, with the balance payable on the maturity date.

Interest on outstanding borrowings under the Credit Agreement accrues, at our option, at (a) the adjusted London interbank offered rate (LIBOR) plus 1.25% to 2.25%, or (b) the alternative base rate plus 0.25% to 1.25%, and is payable quarterly in arrears. The alternative base rate is equal to the highest of (i) the Administrative Agent’s prime rate, (ii) the federal funds rate plus 0.50% and (iii) the adjusted LIBOR rate plus 1.00%. The margin on the interest rates fluctuates based upon the ratio of the Company’s debt to its consolidated EBITDA. As of June 30,2017, $159.6 million of the outstanding debt under the Credit Agreement was effectively at a fixed interest rate as a result of a $159.6 million notional interest rate swap contract discussed in Note 14. A commitment fee of 0.30% to 0.40% per annum (based on the debt to EBITDAratio) on the unused portion of the revolving credit line 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) any indebtedness owed to Benchmark and its subsidiaries and (c) all or substantially all other personal property of Benchmark and its domestic subsidiaries (including, accounts receivable, inventory and fixed assets of Benchmark and its domestic subsidiaries), in each case, subject to customary exceptions and limitations. The Credit Agreement contains financial covenants as to debt leverage and interest coverage, and certain customary affirmative and negative covenants, including restrictions on our 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 may 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 June 30,2017 and December 31, 2016, the Company was in compliance with all of these covenants and restrictions.

As of June 30,2017, the Company had $212.8 million in borrowings outstanding under the Term Loan facility and $2.6 million in letters of credit outstanding under the revolving credit facility. The Company has $197.4 million available for future borrowings under the revolving credit facility.

The Company’s Thailand subsidiary has a multi-purpose credit facility with Kasikornbank Public Company Limited (the Thai Credit Facility) that provides for 350 million Thai baht working capital availability. The Thai Credit Facility is secured by land and buildings in Thailand owned by the Company’s Thailand subsidiary. Availability of funds under the Thai Credit Facility is reviewed annually and is currently accessible through October 2017. As of both June 30,2017 and 2016, there were no working capital borrowings outstanding under the facility.

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Inventories

6 Months Ended

Jun. 30, 2017

Inventories [Abstract]

Inventories

Note 6 – Inventories
Inventory costs are summarized as follows:
		June 30,	December 31,
(in thousands)		2017		2016
Raw materials	$	270,826	$	233,111
Work in process		112,054		113,496
Finished goods		33,150		34,727
	$	416,030	$	381,334

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Accounts Receivable Sale Program

6 Months Ended

Jun. 30, 2017

Receivables [Abstract]

Accounts Receivable Sales Program

Note 7 – Accounts Receivable Sale Program

In connection with a trade accounts receivable sale program with an unaffiliated financial institution, the Company may elect to sell, at a discount, on an ongoing basis, up to a maximum of $40.0 million, of specific accounts receivable at any one time. The program was executed on March 29, 2017, is an uncommitted facility and is scheduled to expire in one year with options to automatically extend the agreement, although any party may elect to terminate the agreement upon 60 days prior notice.

During the three months ended June 30,2017, the Company sold $40.0 million of accounts receivable under this program, and in exchange, the Company received cash proceeds of $39.9 million, net of the discount. During the six months ended June 30,2017, the Company sold $65.0 million of accounts receivable under this program, and in exchange, the Company received cash proceeds of $64.9 million, net of the discount. The loss on the saleresulting from the discount during the three and six months ended June 30,2017 was not material, and was recorded to other expense within the Condensed Consolidated Statements of Income.

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Income Taxes

6 Months Ended

Jun. 30, 2017

Income Taxes [Abstract]

Income Taxes

Note 8 – Income Taxes
Income tax expense consists of the following:
	Six Months Ended
	June 30,
(in thousands)		2017		2016
Federal – current	$	(1,024)	$	9
Foreign – current		3,379		3,186
State – current		162		235
Deferred		2,103		2,649
	$	4,620	$	6,079

Income tax expense differs from the amount computed by applying the U.S. federal statutory income tax rate to income before income tax primarily due to the mix of taxable income by taxing jurisdiction, the impact of tax incentives and tax holidays in foreign locations, and state income taxes (net of federal benefit). The decrease in income tax expense during 2017 is primarily the result of a tax incentive in Chinaand the recognition of excess tax benefits in the U.S. attributable to the adoption of an accounting standard effective January 1, 2017. See Note 1. Under this standard, the excess tax benefits or deficiencies resulting from the exercise or vesting of awards are included in income tax expense in the reporting period in which they occur. Therefore, the tax effect of stock option exercises and RSU vesting is not spread over the entire year through the use of the annual effective tax rate, but instead is recorded entirely in the period in which the tax deduction arose. Accordingly, the Company recorded the income tax benefit as a discrete item for the six months ended June 30, 2017. The Company’s effective tax rate could fluctuate significantly on a quarterly basis due to the tax effects of stock-based compensation.

The Company considers earnings from foreign subsidiaries to be indefinitely reinvested and, accordingly, no provision for U.S. federal and state income taxes has been made for these earnings. Upon distribution of foreign subsidiary earnings in the form of dividends or otherwise, such distributed earnings would be subject to U.S. income taxes and foreign withholding taxes, reduced by any applicable foreign tax credits. Determination of the amount of any unrecognized deferred tax liability on these undistributed earnings is not practicable.

The Company has been granted certain tax incentives, including tax holidays, for its subsidiaries in China, Malaysia and Thailand that will expire at various dates, unless extended or otherwise renegotiated, through 2018 in China, 2021 in Malaysia and 2028 in Thailand, and are subject to certain conditions with which the Company expects to comply. The net impact of these tax incentives was to lower income tax expense for the six months endedJune 30,2017 and 2016 by approximately $4.2 million (approximately 0.08per diluted share) and $2.0 million (approximately $0.04 per diluted share), respectively, as follows:

	Six Months Ended
	June 30,
(in thousands)		2017		2016
China	$	471	$	-
Malaysia		1,773		707
Thailand		1,926		1,337
	$	4,170	$	2,044

As of June 30,2017, the total amount of the reserve for uncertain tax benefits including interest was $9.0 million. The reserve is classified as a current or long-term liability in the condensed consolidated balance sheets based on the Company’s expectation of when the items will be settled. The amount of accrued potential intereston unrecognized tax benefits included in the reserve as of June 30,2017, was $17.0 thousand. There was no reserve for potential penalties. During the three months ended June 30,2017, we recorded an additional $0.9 million of additional accruals related to the open examination for a subsidiary in Thailand for the years 2004 to 2005. We received a denial of our appeal to the local tax authorities for this open examination and have recorded an accrual for the remaining unrecognized tax benefit related to this examination.

The Company and its subsidiaries in Brazil, China, Ireland, Luxembourg, Malaysia, Mexico, the 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 2011 to 2016.

The Company is currently under examination by theU.S. Internal Revenue Service for 2014. In addition, Secure Communication Systems, Inc. and its subsidiaries (the Secure Group), companies that the Company acquired on November 11, 2015, are under a U.S. income tax audit for calendar years 2013, 2014 and through November 11, 2015. This audit is for the period of time prior to the acquisition of the Secure Group by the Company, and any resulting tax liabilities are the responsibility of the seller. The Company does not expect to incur any income tax costs with respect to this audit.During the course of such 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.

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Segment And Geographic Information

6 Months Ended

Jun. 30, 2017

Segment And Geographic Information [Abstract]

Segment And Geographic Information

Note 9 – Segment and Geographic Information

The Company currently has manufacturing facilities in the Americas, Asia and Europe to serve its customers. The Company is operated and managed geographically, and management evaluates performance and allocates the Company’s resources on a geographic basis. Intersegment sales are generally recorded at prices that approximate arm’s length transactions. Operating segments’ measure of profitability is based on income from operations. 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 operating segments is as follows:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands)			2017		2016		2017		2016
Net sales:
	Americas	$	405,602	$	395,354	$	780,161	$	748,168
	Asia		191,207		162,825		366,098		336,195
	Europe		43,408		40,505		83,824		82,520
	Elimination of intersegment sales		(23,313)		(19,342)		(46,678)		(38,316)
		$	616,904	$	579,342	$	1,183,405	$	1,128,567
Depreciation and amortization:
	Americas	$	5,415	$	5,842	$	10,920	$	11,608
	Asia		2,973		4,129		6,139		8,249
	Europe		679		692		1,336		1,396
	Corporate		2,977		3,330		5,922		6,647
		$	12,044	$	13,993	$	24,317	$	27,900
Income from operations:
	Americas	$	18,611	$	21,434	$	33,807	$	39,479
	Asia		20,044		11,665		32,365		22,557
	Europe		2,571		2,536		4,952		5,488
	Corporate and intersegment eliminations		(18,999)		(17,895)		(36,480)		(33,516)
		$	22,227	$	17,740	$	34,644	$	34,008
Capital expenditures:
	Americas	$	5,770	$	5,387	$	9,036	$	9,596
	Asia		8,714		1,464		11,124		4,573
	Europe		2,466		491		3,380		672
	Corporate		1,851		1,024		2,839		1,362
		$	18,801	$	8,366	$	26,379	$	16,203
						June 30,		December 31,
							2017		2016
Total assets:
	Americas					$	910,825	$	864,388
	Asia						678,513		634,838
	Europe						407,716		393,443
	Corporate and other						67,386		105,999
						$	2,064,440	$	1,998,668

Geographic net sales information reflects the destination of the product shipped. Long-livedassets information is based upon the physical location of the asset.

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands)			2017		2016		2017		2016
Geographic net sales:
	United States	$	413,568	$	412,203	$	787,967	$	797,191
	Asia		115,782		82,257		210,857		153,719
	Europe		71,385		57,583		147,462		122,527
	Other Foreign		16,169		27,299		37,119		55,130
		$	616,904	$	579,342	$	1,183,405	$	1,128,567
							June 30,		December 31,
							2017		2016
Long-lived assets:
	United States					$	164,691	$	167,367
	Asia						72,641		67,998
	Europe						10,750		8,415
	Other						22,218		24,290
						$	270,300	$	268,070

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Supplemental Cash Flow and Non-Cash Information

6 Months Ended

Jun. 30, 2017

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow and Non-Cash Information

Note 10 – Supplemental Cash Flow and Non-Cash Information
The following information concerns supplemental disclosures of cash payments.
	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)		2017		2016		2017		2016
Income taxes paid, net	$	1,709	$	2,703	$	2,525	$	4,820
Interest paid		2,082		2,113		4,296		4,182
Non-cash investing activity:
Additions to property, plant and equipment
in accounts payable					$	2,074	$	1,291

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Contingencies

6 Months Ended

Jun. 30, 2017

Contingencies [Abstract]

Contingencies

Note 11 – Contingencies

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.

The Company previously reported charges incurred in 2014 for the write-down of inventory and provisions to accounts receivable associated with the October 2014 bankruptcy filing of GT Advanced Technologies (GTAT). The Company noted then that its actual loss could differ from the amounts originally recorded. In October 2016, the Company learned that the trustee in the GTAT bankruptcy proceedings filed adversary actions against three of the Company’s subsidiariesto recover payments aggregating approximately $4.4 million, which were received by the subsidiaries during the 90 days preceding GTAT’s bankruptcy filing, on the premise that such payments were made during the preference period and therefore may be avoidable as preferential or constructively fraudulent, among other theories. The Company has agreed to resolve the matter for an immaterial amount.

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Impact Of Recently Enacted Accounting Standards

6 Months Ended

Jun. 30, 2017

New Accounting Pronouncements And Changes In Accounting Principles [Abstract]

Impact of Recently Enacted Accounting Standards

Note 14 – Impact of Recently Enacted Accounting Standards

In May 2017, the Financial Accounting Standards Board (FASB) issued a new accounting standards update that provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. This update is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017, with early adoption permitted. The Company is evaluating the impact of the adoption of this guidance on its consolidated financial statements and related disclosures but does not expect it to have a material impact. The Company plans to adopt the new guidance effective January 1, 2018.

In August 2016, the FASB issued a new accounting standards update,which seeks to reduce the existing diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update is effective for fiscal years and interim periods beginning after December 15, 2017, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this update will have on its consolidated financial statements.

In June 2016, the FASB issued a new accounting standards update, which replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. This update is effective for annual reporting periods beginning after December 15, 2019. The Company does not expect the implementation of this update to have a material impact on its consolidated financial position, results of operations or cash flows.

In February 2016, the FASB issued a new accounting standards update changing the accounting for leases and including a requirement to record all leases on the consolidated balance sheets as assets and liabilities. This update is effective for fiscal years beginning after December 15, 2018. The Company will adopt this update effective January 1, 2019, which will impact its consolidated balance sheet. The Company is currently evaluating the impact this standard will have on its consolidated financial statements.

In May 2014, the FASB issued a new standard that will supersede most of the existing revenue recognition requirements in current U.S. GAAP. The new standard will require companies to recognize revenue in an amount reflecting the consideration to which they expect to be entitled in exchange for transferring goods or services to a customer. It will also require significantly expanded disclosures, and will be effective for the Company January 1, 2018. The new standard will permit the use of either the retrospective or cumulative effect transition method. Under the new standard, the Company anticipates that a majority of its sales from manufacturing activities will change to an over-time model; currently the Company accounts for these under a point-in-time recognition model. Based on its analysis to date, the Company expects to adopt the new guidance under the retrospective approach. The Company has reviewed its significant customer contracts and is in the process of quantifying the potential effects the new standard will have on its consolidated financial statements and is working on the design and implementation of the related internal controls. The Company believes it is likely to have a material impact on the timing of revenue recognition and on the Company’s balance sheet, primarily related to a reduction in finished goods and work in process inventories and a corresponding increase in contract assets for unbilled receivables.

The Company has determined that no other recently issued accounting standards will have a material impact on its consolidated financial position, results of operations or cash flows, or will not apply to its operations.

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Restructuring Charges

6 Months Ended

Jun. 30, 2017

Restructuring Charges [Abstract]

Restructuring Charges

Note 13 – Restructuring Charges

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 process of restructuring entails moving production between facilities, reducing staff levels, realigning our business processes, reorganizing our managementand other activities.

The Company recognized restructuring charges during 2017 and 2016primarily related to the closure of facilities in the Americas, capacity reduction and reductions in workforce in certain facilities across various regions.

The following table summarizes the 2017 activity in the accrued restructuring balances related to the restructuring activities initiated prior to June 30,2017:

		Balance as of						Foreign			Balance as of
		December 31,		Restructuring			Cash	Exchange			June 30,
(in thousands)			2016		Charges		Payment	Adjustments			2017
2017 Restructuring:
	Severance	$	-	$	655	$	(642)	$	-	$	13
	Leased facilities and equipment		-		105		(105)		-		-
	Other exit costs		-		241		(23)		-		218
			-		1,001		(770)		-		231
2016 Restructuring:
	Severance		738		40		(439)		-		339
	Other exit costs		545		854		(1,333)		2		68
			1,283		894		(1,772)		2		407
Total		$	1,283	$	1,895	$	(2,542)	$	2	$	638

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Fair Value

6 Months Ended

Jun. 30, 2017

Fair Value [Abstract]

Fair Value

Note 14 – Fair Value

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.

• 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 whose inputs are observable or whose significant value drivers are observable.
• 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 and other receivables, accounts payable, accrued liabilities and long-term debt and capital lease obligations. The Company believes that the carrying values of these instruments approximate fair value. As of June 30,2017, the Company’s long-term investments and derivative instruments were recorded at fair value using Level 3 inputs.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 forward currency exchange contracts in place as of June 30,2017 have not been designated as accounting hedges and, therefore, changes in fair value are recorded within theCondensed Consolidated Statements of Income.

The Company has an interest rate swap agreement, which had a notional amount of $159.6 million and $163.9 million as of June 30,2017 and December 31, 2016, respectively, to hedge a portion of its interest rate exposure on outstanding borrowings under the Credit Agreement. Under this interest rate swap agreement, the Company receives variable rate interest payments based on the one-month LIBOR rate and pays fixed rate interest payments. The fixed interest rate for the contract is 1.4935%. The effect of this 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 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 other comprehensive income on the accompanying Condensed Consolidated Balance Sheets until earnings are affected by the variability of cash flows. The fair value of the interest rate swap was a $0.7 million asset as of June 30,2017 and a $0.5 million asset as of December 31, 2016.During the six months ended June 30,2017, the Company recorded unrealized gain of $0.3 million ($0.2 million net of tax) on the swap in other comprehensive income. See Note 15.

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Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2017

Comprehensive Income Net Of Tax [Abstract]

Accumulated Other Comprehensive Loss

Note 15 – Accumulated Other Comprehensive Loss

The changes in accumulated other comprehensive loss by component were as follows:

			Foreign			Unrealized
			currency		Derivative	gain (loss) on
			translation		instruments,	investments,
(in thousands)			adjustments		net of tax		net of tax		Other		Total
Balances, December 31, 2016		$	(14,544)	$	286	$	(74)	$	156	$	(14,176)
	Other comprehensive gain before reclassifications		3,121		165		16		(13)		3,289
Net current period other comprehensive gain (loss)			3,121		165		16		(13)		3,289
Balances, June 30, 2017		$	(11,423)	$	451	$	(58)	$	143	$	(10,887)

See Note 14for further explanation of the change inderivative instruments that is recorded to Accumulated Other Comprehensive Loss

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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2017

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

Schedule Of Unrecognized Compensation Cost And Remaining Weighted-Average Amortization Stock-Based Awards

As of June 30,2017, the unrecognized compensation cost and remaining weighted-average amortization related to stock-based awards were as follows:

					Performance-
					based
			Restricted		Restricted
		Stock	Stock		Stock
(in thousands)		Options	Units		Units(1)
Unrecognized compensation cost		$ 1,223		$ 13,673		$ 5,195
Remaining weighted-average
amortization period	1.1 years			2.6 years		1.8 years
(1) Based on the probable achievement of the performance goals identified in each award.

Summary Of Stock Options

The following table summarizes activities relating to the Company’s stock options:

			Weighted-
		Weighted-	Average
		Average	Remaining	Aggregate
	Number of	Exercise	Contractual	Intrinsic
(in thousands, except per share data)	Options	Price	Term (Years)	Value
Outstanding as of December 31, 2016	1,197	$19.51
Exercised	(411)	19.71
Forfeited or expired	(11)	19.99
Outstanding as of June 30, 2017	775	$19.40	5.35	$ 10,004
Exercisable as of June 30, 2017	619	$18.46	3.64	$ 8,559

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:

		Weighted-
		Average
	Number of	Grant Date
(in thousands, except per share data)	Units	Fair Value
Non-vested awards outstanding as of December 31, 2016	525	$22.57
Granted	264	31.50
Vested	(177)	21.01
Forfeited	(29)	23.39
Non-vested awards outstanding as of June 30, 2017	583	$27.05

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:

		Weighted-
		Average
	Number of	Grant Date
(in thousands, except per share data)	Units	Fair Value
Non-vested units outstanding as of December 31, 2016	227	$21.43
Granted (1)	144	31.40
Forfeited or expired	(50)	18.69
Non-vested units outstanding as of June 30, 2017	321	$26.35

⁽¹⁾Represents target number of units that can vest based on the achievement of the performance goals.

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings per Share

The following table sets forth the calculation of basic and diluted earnings per share:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands, except per share data)			2017		2016		2017		2016
Net income		$	17,176	$	12,685	$	26,863	$	23,737
Denominator for basic earnings per share -
	weighted-average number of common
	shares outstanding during the period		49,766		49,323		49,640		49,586
Incremental common shares attributable to
	exercise of dilutive options		318		287		341		289
Incremental common shares attributable
	to outstanding restricted stock units		155		57		228		167
Denominator for diluted earnings per share			50,239		49,667		50,209		50,042
Basic earnings per share		$	0.35	$	0.26	$	0.54	$	0.48
Diluted earnings per share		$	0.34	$	0.26	$	0.54	$	0.47

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Goodwill And Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2017

Goodwill And Other Intangible Assets [Abstract]

Goodwill Rollforward

Goodwill allocated to the Company’s reportable segments was as follows:

(in thousands)		Americas		Asia		Total
Goodwill as of December 31, 2016 and June 30, 2017	$	153,514	$	38,102	$	191,616

Schedule Of Intangible Assets

Intangible assets as ofJune 30,2017 and December 31, 2016were as follows:

		As of June 30, 2017
		Gross				Net
		Carrying	Accumulated			Carrying
(in thousands)		Amount	Amortization			Amount
Customer relationships	$	100,144	$	(31,145)	$	68,999
Purchased software costs		33,936		(29,038)		4,898
Technology licenses		26,800		(15,968)		10,832
Trade names and trademarks		7,800		-		7,800
Other		868		(249)		619
Total	$	169,548	$	(76,400)	$	93,148
		As of December 31, 2016
		Gross				Net
		Carrying	Accumulated			Carrying
(in thousands)		Amount	Amortization			Amount
Customer relationships	$	100,053	$	(27,883)	$	72,170
Purchased software costs		31,582		(28,508)		3,074
Technology licenses		26,800		(14,189)		12,611
Trade names and trademarks		7,800		-		7,800
Other		868		(237)		631
Total	$	167,103	$	(70,817)	$	96,286

Schedule Of Amortization Expense

Amortization for the six months endedJune 30,2017 and 2016 was as follows:

	Six Months Ended
	June 30,
(in thousands)		2017		2016
Amortization of intangible assets	$	4,962	$	5,775
Amortization of capitalized purchased software costs		516		587
Amortization of debt costs		425		378
	$	5,903	$	6,740

Schedule Of Estimated Future Amortization Expense

The estimated future amortization expense of acquired intangible assets for each of the next five years is as follows (in thousands):

Year ending December 31,		Amount
2017 (remaining six months)	$	5,640
2018		10,245
2019		10,084
2020		9,316
2021		6,389

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Inventories (Tables)

6 Months Ended

Jun. 30, 2017

Inventories [Abstract]

Schedule Of Inventory Costs

Note 6 – Inventories
Inventory costs are summarized as follows:
		June 30,	December 31,
(in thousands)		2017		2016
Raw materials	$	270,826	$	233,111
Work in process		112,054		113,496
Finished goods		33,150		34,727
	$	416,030	$	381,334

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Income Taxes (Tables)

6 Months Ended

Jun. 30, 2017

Income Taxes [Abstract]

Schedule Of Income Tax Expense

Note 8 – Income Taxes
Income tax expense consists of the following:
	Six Months Ended
	June 30,
(in thousands)		2017		2016
Federal – current	$	(1,024)	$	9
Foreign – current		3,379		3,186
State – current		162		235
Deferred		2,103		2,649
	$	4,620	$	6,079

Schedule Of Tax Incentives

The net impact of these tax incentives was to lower income tax expense for the six months endedJune 30,2017 and 2016 by approximately $4.2 million (approximately 0.08per diluted share) and $2.0 million (approximately $0.04 per diluted share), respectively, as follows:

	Six Months Ended
	June 30,
(in thousands)		2017		2016
China	$	471	$	-
Malaysia		1,773		707
Thailand		1,926		1,337
	$	4,170	$	2,044

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Segment And Geographic Information (Tables)

6 Months Ended

Jun. 30, 2017

Segment And Geographic Information [Abstract]

Schedule Of Operating Segments

Information about operating segments is as follows:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands)			2017		2016		2017		2016
Net sales:
	Americas	$	405,602	$	395,354	$	780,161	$	748,168
	Asia		191,207		162,825		366,098		336,195
	Europe		43,408		40,505		83,824		82,520
	Elimination of intersegment sales		(23,313)		(19,342)		(46,678)		(38,316)
		$	616,904	$	579,342	$	1,183,405	$	1,128,567
Depreciation and amortization:
	Americas	$	5,415	$	5,842	$	10,920	$	11,608
	Asia		2,973		4,129		6,139		8,249
	Europe		679		692		1,336		1,396
	Corporate		2,977		3,330		5,922		6,647
		$	12,044	$	13,993	$	24,317	$	27,900
Income from operations:
	Americas	$	18,611	$	21,434	$	33,807	$	39,479
	Asia		20,044		11,665		32,365		22,557
	Europe		2,571		2,536		4,952		5,488
	Corporate and intersegment eliminations		(18,999)		(17,895)		(36,480)		(33,516)
		$	22,227	$	17,740	$	34,644	$	34,008
Capital expenditures:
	Americas	$	5,770	$	5,387	$	9,036	$	9,596
	Asia		8,714		1,464		11,124		4,573
	Europe		2,466		491		3,380		672
	Corporate		1,851		1,024		2,839		1,362
		$	18,801	$	8,366	$	26,379	$	16,203
						June 30,		December 31,
							2017		2016
Total assets:
	Americas					$	910,825	$	864,388
	Asia						678,513		634,838
	Europe						407,716		393,443
	Corporate and other						67,386		105,999
						$	2,064,440	$	1,998,668

Schedule Of Geographic Net Sales And Long-Lived Assets

Geographic net sales information reflects the destination of the product shipped. Long-livedassets information is based upon the physical location of the asset.

		Three Months Ended				Six Months Ended
		June 30,				June 30,
(in thousands)			2017		2016		2017		2016
Geographic net sales:
	United States	$	413,568	$	412,203	$	787,967	$	797,191
	Asia		115,782		82,257		210,857		153,719
	Europe		71,385		57,583		147,462		122,527
	Other Foreign		16,169		27,299		37,119		55,130
		$	616,904	$	579,342	$	1,183,405	$	1,128,567

			June 30,		December 31,
			2017		2016
Long-lived assets:
	United States	$	164,691	$	167,367
	Asia		72,641		67,998
	Europe		10,750		8,415
	Other		22,218		24,290
		$	270,300	$	268,070

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Supplemental Cash Flow and Non-Cash Information (Tables)

6 Months Ended

Jun. 30, 2017

Supplemental Cash Flow Information [Abstract]

Schedule Of Supplemental Cash Flow and Non-Cash Information

Note 10 – Supplemental Cash Flow and Non-Cash Information
The following information concerns supplemental disclosures of cash payments.
	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)		2017		2016		2017		2016
Income taxes paid, net	$	1,709	$	2,703	$	2,525	$	4,820
Interest paid		2,082		2,113		4,296		4,182
Non-cash investing activity:
Additions to property, plant and equipment
in accounts payable					$	2,074	$	1,291

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Restructuring Charges (Tables)

6 Months Ended

Jun. 30, 2017

Restructuring Charges [Abstract]

Schedule Of Accrued Restructuring

The following table summarizes the 2017 activity in the accrued restructuring balances related to the restructuring activities initiated prior to June 30,2017:

		Balance as of						Foreign			Balance as of
		December 31,		Restructuring			Cash	Exchange			June 30,
(in thousands)			2016		Charges		Payment	Adjustments			2017
2017 Restructuring:
	Severance	$	-	$	655	$	(642)	$	-	$	13
	Leased facilities and equipment		-		105		(105)		-		-
	Other exit costs		-		241		(23)		-		218
			-		1,001		(770)		-		231
2016 Restructuring:
	Severance		738		40		(439)		-		339
	Other exit costs		545		854		(1,333)		2		68
			1,283		894		(1,772)		2		407
Total		$	1,283	$	1,895	$	(2,542)	$	2	$	638

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Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2017

Comprehensive Income Net Of Tax [Abstract]

Schedule Of Accumulated Other Comprehensive Loss

The changes in accumulated other comprehensive loss by component were as follows:

			Foreign			Unrealized
			currency		Derivative	gain (loss) on
			translation		instruments,	investments,
(in thousands)			adjustments		net of tax		net of tax		Other		Total
Balances, December 31, 2016		$	(14,544)	$	286	$	(74)	$	156	$	(14,176)
	Other comprehensive gain before reclassifications		3,121		165		16		(13)		3,289
Net current period other comprehensive gain (loss)			3,121		165		16		(13)		3,289
Balances, June 30, 2017		$	(11,423)	$	451	$	(58)	$	143	$	(10,887)

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Basis of Presentation (Narrative) (Details) - Accounting Standards Update 2016-09 [Member] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jan. 01, 2017
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Reclassification from cash flows from financing activities	$ 0.5
Reclassification to cash flows from operating activities	$ 0.5
Retained Earnings [Member]
New Accounting Pronouncement Or Change In Accounting Principle Retrospective Adjustments [Abstract]
Net cumulative effect adjustment		$ 0.2
Additional Paid In Capital [Member]
New Accounting Pronouncement Or Change In Accounting Principle Retrospective Adjustments [Abstract]
Net cumulative effect adjustment		$ 0.2

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Stock-Based Compensation (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares available for issuance	3.2		3.2
Compensation cost recognized for stock-based awards	$ 2.3	$ 1.9	$ 4.5	$ 4.0
Income tax benefit recognized in the income statement for stock-based awards	$ 0.9	$ 0.7	1.6	1.5
Total cash received as a result of stock option exercises			8.1	0.8
Tax benefit realized as a result of stock option exercises and the vesting of other share-based awards			3.8	1.6
Total intrinsic value of stock options exercised			$ 5.2	$ 0.3
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of options			10 years
Employee Awards [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Employee Awards [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Employee Awards [Member] | Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Non-Employee Awards [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			1 year

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Stock-Based Compensation (Schedule Of Unrecognized Compensation Cost And Remaining Weighted-Average Amortization Period) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2017 USD ($)
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 1,223
Remaining weighted-average amortization period	1 year 1 month 6 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 13,673
Remaining weighted-average amortization period	2 years 7 months 6 days
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 5,195
Remaining weighted-average amortization period	1 year 9 months 18 days

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Stock-Based Compensation (Summary Of Stock Options) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2017 USD ($) $ / shares shares
Stock-Based Compensation [Abstract]
Number of Options, Outstanding, Beginning balance | shares	1,197
Number of Options, Exercised | shares	(411)
Number of Options, Forfeited or expired | shares	(11)
Number of Options, Outstanding, Ending balance | shares	775
Number of Options, Exercisable as of June 30, 2017 | shares	619
Weighted-Average Exercise Price, Outstanding, Beginning balance | $ / shares	$ 19.51
Weighted-Average Exercise Price, Exercised | $ / shares	19.71
Weighted-Average Exercise Price, Forfeited or expired | $ / shares	19.99
Weighted-Average Exercise Price, Outstanding, Ending balance | $ / shares	19.4
Weighted-Average Exercise Price, Exercisable as of June 30, 2017 | $ / shares	$ 18.46
Weighted-Average Remaining Contractual Term (Years), Outstanding	5 years 4 months 6 days
Weighted-Average Remaining Contractual Term (Years), Exercisable as of June 30, 2017	3 years 7 months 20 days
Aggregate Intrinsic Value, Outstanding as of June 30, 2017 | $	$ 10,004
Aggregate Intrinsic Value, Exercisable as of June 30, 2017 | $	$ 8,559

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Stock-Based Compensation (Summary Of Stock-Based Awards) (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2017 $ / shares shares
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 | shares	525
Granted, shares or units | shares	264
Vested, shares or units | shares	(177)
Forfeited, shares or units | shares	(29)
Non-vested shares outstanding, shares or units, ending balance | shares	583
Non-vested outstanding, weighted-average grant date fair value, beginning balance | $ / shares	$ 22.57
Granted, weighted-average grant date fair value | $ / shares	31.5
Vested, weighted-average grant date fair value | $ / shares	21.01
Forfeited, weighted-average grant date fair value | $ / shares	23.39
Non-vested outstanding, weighted-average grant date fair value, ending balance | $ / shares	$ 27.05
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 | shares	227
Granted, shares or units | shares	144
Forfeited, shares or units | shares	(50)
Non-vested shares outstanding, shares or units, ending balance | shares	321
Non-vested outstanding, weighted-average grant date fair value, beginning balance | $ / shares	$ 21.43
Granted, weighted-average grant date fair value | $ / shares	31.4
Forfeited, weighted-average grant date fair value | $ / shares	18.69
Non-vested outstanding, weighted-average grant date fair value, ending balance | $ / shares	$ 26.35

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Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share Reconciliation [Line Items]
Net income	$ 17,176	$ 12,685	$ 26,863	$ 23,737
Denominator for basic earnings per share - weighted-average number of common shares outstanding during the period	49,766	49,323	49,640	49,586
Denominator for diluted earnings per share	50,239	49,667	50,209	50,042
Basic earnings per share	$ 0.35	$ 0.26	$ 0.54	$ 0.48
Diluted earnings per share	$ 0.34	$ 0.26	$ 0.54	$ 0.47
Anti-dilutive options to purchase common shares		1,000		1,000
Stock Options [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to stock-based awards	318	287	341	289
Restricted Stock Units [Member]
Earnings Per Share Reconciliation [Line Items]
Incremental common shares attributable to stock-based awards	155	57	228	167

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Goodwill And Other Intangible Assets (Narrative) (Details)	6 Months Ended
	Jun. 30, 2017
Minimum [Member] | Customer Relationships [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	10 years
Minimum [Member] | Purchased Software Costs [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	2 years
Maximum [Member] | Customer Relationships [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	14 years
Maximum [Member] | Purchased Software Costs [Member]
Goodwill And Other Intangible Assets [Line Items]
Estimated useful life	10 years

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Goodwill and Other Intangible Assets (Schedule of Goodwill by Reportable Segments) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Goodwill [Line Items]
Goodwill	$ 191,616	$ 191,616
Americas [Member]
Goodwill [Line Items]
Goodwill	153,514	153,514
Asia [Member]
Goodwill [Line Items]
Goodwill	$ 38,102	$ 38,102

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Goodwill And Other Intangible Assets (Schedule Of Other Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 169,548	$ 167,103
Accumulated amortization	(76,400)	(70,817)
Net carrying amount	93,148	96,286
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	100,144	100,053
Accumulated amortization	(31,145)	(27,883)
Net carrying amount	68,999	72,170
Purchased Software Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	33,936	31,582
Accumulated amortization	(29,038)	(28,508)
Net carrying amount	4,898	3,074
Technology Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	26,800	26,800
Accumulated amortization	(15,968)	(14,189)
Net carrying amount	10,832	12,611
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	868
Accumulated amortization	(249)	(237)
Net carrying amount	$ 619	$ 631

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Goodwill And Other Intangible Assets (Schedule Of Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Goodwill And Other Intangible Assets [Abstract]
Amortization of intangible assets	$ 2,481	$ 2,972	$ 4,962	$ 5,775
Amortization of capitalized purchased software costs			516	587
Amortization of debt costs			425	378
Total amortization			$ 5,903	$ 6,740

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Goodwill And Other Intangible Assets (Schedule Of Estimated Future Amortization Expense) (Details) $ in Thousands	Jun. 30, 2017 USD ($)
Goodwill And Other Intangible Assets [Abstract]
2017 (remaining six months)	$ 5,640
2018	10,245
2019	10,084
2020	9,316
2021	$ 6,389

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Borrowing Facilities (Details) THB in Millions, $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2017 THB	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Jun. 30, 2017 USD ($)	Dec. 31, 2016 USD ($)	Nov. 12, 2015 USD ($)
Line of Credit Facility [Line Items]
Credit Agreement maturity date	Nov. 12, 2020
Derivative Notional Amount						$ 159.6	$ 163.9
Credit Agreement [Member]
Line of Credit Facility [Line Items]
Credit Agreement description	The Company has a $430 million Credit Agreement (the Credit Agreement) by and among Benchmark, JPMorgan Chase Bank, N.A. as administrative agent and collateral agent (the Administrative Agent), and the financial institutions acting as lenders thereunder from time to time. This Credit Agreement provides for a five-year $200 million revolving credit facility and a five-year $230 million term loan facility (the Term Loan), both with a maturity date of November 12, 2020.
Credit Agreement capacity						430.0
Description of variable interest rate basis	Interest on outstanding borrowings under the Credit Agreement accrues, at our option, at (a) the adjusted London interbank offered rate (LIBOR) plus 1.25% to 2.25%, or (b) the alternative base rate plus 0.25% to 1.25%, and is payable quarterly in arrears. The alternative base rate is equal to the highest of (i) the Administrative Agent’s prime rate, (ii) the federal funds rate plus 0.50% and (iii) the adjusted LIBOR rate plus 1.00%. The margin on the interest rates fluctuates based upon the ratio of the Company’s debt to its consolidated EBITDA.
Credit Agreement covenant terms	The Credit Agreement contains financial covenants as to debt leverage and interest coverage, and certain customary affirmative and negative covenants, including restrictions on our 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 may 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, secured by percentage of stock of the Company's domestic subsidiaries	100.00%
Credit agreement, secured by percentage of voting capital stock of each direct foreign subsidiary	65.00%
Credit Agreement covenant compliance	As of June 30, 2017 and December 31, 2016, the Company was in compliance with all of these covenants and restrictions.
Credit Agreement [Member] | JP Morgan Credit Agreement [Member]
Line of Credit Facility [Line Items]
Credit Agreement issuer	JPMorgan Chase Bank, N.A. as administrative agent and collateral agent (the Administrative Agent), and the financial institutions acting as lenders thereunder from time to time.
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit Agreement capacity						200.0
Term period	5 years
Credit Agreement maturity date	Nov. 12, 2020
Possible increase to total commitments under Credit Agreement						150.0
Letters of credit outstanding amount						2.6
Revolving credit facility, available for future borrowings						197.4
Term Loan Facility [Member]
Line of Credit Facility [Line Items]
Term period	5 years
Credit Agreement maturity date	Nov. 12, 2020
Term Loan Description	a five-year $230 million term loan facility (the Term Loan), both with a maturity date of November 12, 2020.
Term Loan proceeds								$ 230.0
Term Loan frequency of periodic payments	quarterly
Derivative Notional Amount						159.6
Principal amount						212.8
Term Loan Facility [Member] | Interest Rate Swap [Member]
Line of Credit Facility [Line Items]
Derivative Notional Amount						159.6
Term Loan Facility [Member] | Scenario Forecast [Member]
Line of Credit Facility [Line Items]
Quarterly principal installments		$ 8.6	$ 5.8	$ 4.3	$ 2.9
Standby Letters Of Credit [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, available for future borrowings						20.0
Foreign currencies [Member]
Line of Credit Facility [Line Items]
Revolving credit facility, available for future borrowings						$ 20.0
Thailand Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit Agreement maturity date	Oct. 31, 2017
Thailand Subsidiary [Member] | Thailand Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit Agreement capacity | THB	THB 350
Minimum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
U.S. Credit facility, commitment fee	0.30%
Maximum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
U.S. Credit facility, commitment fee	0.40%
LIBOR Plus [Member] | Minimum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.25%
LIBOR Plus [Member] | Maximum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.25%
Alternate Base Rate Plus [Member] | Minimum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.25%
Alternate Base Rate Plus [Member] | Maximum [Member] | Credit Agreement [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.25%

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Inventories (Schedule Of Inventory Costs) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Inventories [Abstract]
Raw materials	$ 270,826	$ 233,111
Work in process	112,054	113,496
Finished goods	33,150	34,727
Inventories	$ 416,030	$ 381,334

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Accounts Receivable Sale Program (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Receivables [Abstract]
Maximum Limit Accounts Receivable Sale Program		$ 40.0
Trade Accounts Receivable Sold	$ 40.0	65.0
Amount Received From Trade Accounts Receivable Sold To Third Party	$ 39.9	$ 64.9

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Income Taxes (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016
Income Taxes [Line Items]
Income tax incentives		$ 4,170	$ 2,044
Net impact of tax incentives, per diluted share		$ 0.08	$ 0.04
Unrecognized tax benefits including interest and penalties	$ 9,000	$ 9,000
Interest on unrecognized tax	17	17
Additional reserve for uncertain tax benefits	$ 900
China [Member]
Income Taxes [Line Items]
Income tax incentives		$ 471	$ 0
Income tax holidays expiration date		2018
Malaysia [Member}
Income Taxes [Line Items]
Income tax incentives		$ 1,773	707
Income tax holidays expiration date		2021
Thailand [Member]
Income Taxes [Line Items]
Income tax incentives		$ 1,926	$ 1,337
Income tax holidays expiration date		2028

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Income Taxes (Schedule Of Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Taxes [Abstract]
Federal - Current			$ (1,024)	$ 9
Foreign - Current			3,379	3,186
State - Current			162	235
Deferred			2,103	2,649
Total income tax expense (benefit)	$ 3,122	$ 3,156	$ 4,620	$ 6,079

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Income Taxes (Schedule Of Tax Incentives) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income tax incentives	$ 4,170	$ 2,044
China [Member]
Income tax incentives	471	0
Malaysia [Member}
Income tax incentives	1,773	707
Thailand [Member]
Income tax incentives	$ 1,926	$ 1,337

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Segment And Geographic Information (Operating Segments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Net sales	$ 616,904	$ 579,342	$ 1,183,405	$ 1,128,567
Depreciation and amortization	12,044	13,993	24,317	27,900
Income from operations	22,227	17,740	34,644	34,008
Capital expenditures	18,801	8,366	26,379	16,203
Total assets	2,064,440		2,064,440		$ 1,998,668
Elimination Of Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Net sales	(23,313)	(19,342)	(46,678)	(38,316)
Corporate And Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Income from operations	(18,999)	(17,895)	(36,480)	(33,516)
Americas [Member]
Segment Reporting Information [Line Items]
Net sales	405,602	395,354	780,161	748,168
Depreciation and amortization	5,415	5,842	10,920	11,608
Income from operations	18,611	21,434	33,807	39,479
Capital expenditures	5,770	5,387	9,036	9,596
Total assets	910,825		910,825		864,388
Asia [Member]
Segment Reporting Information [Line Items]
Net sales	191,207	162,825	366,098	336,195
Depreciation and amortization	2,973	4,129	6,139	8,249
Income from operations	20,044	11,665	32,365	22,557
Capital expenditures	8,714	1,464	11,124	4,573
Total assets	678,513		678,513		634,838
Europe [Member]
Segment Reporting Information [Line Items]
Net sales	43,408	40,505	83,824	82,520
Depreciation and amortization	679	692	1,336	1,396
Income from operations	2,571	2,536	4,952	5,488
Capital expenditures	2,466	491	3,380	672
Total assets	407,716		407,716		393,443
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Total assets	67,386		67,386		$ 105,999
Corporate [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	2,977	3,330	5,922	6,647
Capital expenditures	$ 1,851	$ 1,024	$ 2,839	$ 1,362

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Segment And Geographic Information (Schedule Of Geographic Net Sales And Long-Lived Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Geographic net sales	$ 616,904	$ 579,342	$ 1,183,405	$ 1,128,567
Long-lived assets	270,300		270,300		$ 268,070
United States [Member]
Segment Reporting Information [Line Items]
Geographic net sales	413,568	412,203	787,967	797,191
Long-lived assets	164,691		164,691		167,367
Asia [Member]
Segment Reporting Information [Line Items]
Geographic net sales	115,782	82,257	210,857	153,719
Long-lived assets	72,641		72,641		67,998
Europe [Member]
Segment Reporting Information [Line Items]
Geographic net sales	71,385	57,583	147,462	122,527
Long-lived assets	10,750		10,750		8,415
Other Foreign [Member]
Segment Reporting Information [Line Items]
Geographic net sales	16,169	$ 27,299	37,119	$ 55,130
Long-lived assets	$ 22,218		$ 22,218		$ 24,290

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Supplemental Cash Flow and Non-Cash Information (Table Of Supplmental Cash Flow Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Supplemental Cash Flow Information [Abstract]
Income taxes paid, net	$ 1,709	$ 2,703	$ 2,525	$ 4,820
Interest paid	$ 2,082	$ 2,113	4,296	4,182
Cash Flow Non-cash Investing And Financing Activities Disclosure [Abstract]
Additions to property, plant and equipment in accounts payable			$ 2,074	$ 1,291

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Contingencies (Details) - Threatened Litigation [Member] $ in Millions	6 Months Ended
	Jun. 30, 2017 USD ($)
Loss Contingencies [Line Items]
Loss Contingency, Management's Assessment and Process	In October 2016, the Company learned that the trustee in the GTAT bankruptcy proceedings filed adversary actions against three of the Company’s subsidiaries to recover payments aggregating approximately $4.4 million, which were received by the subsidiaries during the 90 days preceding GTAT’s bankruptcy filing, on the premise that such payments were made during the preference period and therefore may be avoidable as preferential or constructively fraudulent, among other theories. The Company has agreed to resolve the matter for an immaterial amount.
GTAT bankruptcy trustee [Member]
Loss Contingencies [Line Items]
Loss Contingency, Lawsuit Filing Date	10/1/2016
Loss Contingency, Estimate of Possible Loss	$ 4.4

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Restructuring Charges (Schedule Of Accrued Restructuring) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2017 USD ($)
Restructuring Cost and Reserve [Line Items]
Beginning Balance	$ 1,283
Restructuring charges	1,895
Cash Payment	(2,542)
Foreign Exchange Adjustments	2
Ending Balance	638
2017 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	0
Restructuring charges	1,001
Cash Payment	(770)
Foreign Exchange Adjustments	0
Ending Balance	231
2016 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	1,283
Restructuring charges	894
Cash Payment	(1,772)
Foreign Exchange Adjustments	2
Ending Balance	407
Severance [Member] | 2017 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	0
Restructuring charges	655
Cash Payment	(642)
Foreign Exchange Adjustments	0
Ending Balance	13
Severance [Member] | 2016 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	738
Restructuring charges	40
Cash Payment	(439)
Foreign Exchange Adjustments	0
Ending Balance	339
Lease Facility Costs [Member] | 2017 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	0
Restructuring charges	105
Cash Payment	(105)
Foreign Exchange Adjustments	0
Ending Balance	0
Other Exit Costs | 2017 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	0
Restructuring charges	241
Cash Payment	(23)
Foreign Exchange Adjustments	0
Ending Balance	218
Other Exit Costs | 2016 [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	545
Restructuring charges	854
Cash Payment	(1,333)
Foreign Exchange Adjustments	2
Ending Balance	$ 68

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Fair Value (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Interest rate swap notional amount	$ 159,600		$ 159,600		$ 163,900
Unrealized gain on interest rate swap, net of tax	$ (200)	$ (667)	$ 165	$ (2,899)
Interest Rate Swap [Member]
Fair Value Off Balance Sheet Risks Disclosure Information [Line Items]
Fixed interest rate	1.4935%		1.4935%
Fair value of interest rate swap	$ 700		$ 700		$ 500
Unrealized gain on interest rate swap			300
Unrealized gain on interest rate swap, net of tax			$ 200

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Accumulated Other Comprehensive Loss (Schedule Of Accumulated Other Comprehensive Loss By Component) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			$ (14,176)
Other comprehensive gain (loss) before reclassifications			3,289
Other comprehensive income (loss)	$ 2,325	$ (1,477)	3,289	$ (2,367)
Accumulated other comprehensive loss, net of tax, ending balance	(10,887)		(10,887)
Foreign currency translaction adjustments [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			(14,544)
Other comprehensive gain (loss) before reclassifications			3,121
Other comprehensive income (loss)			3,121
Accumulated other comprehensive loss, net of tax, ending balance	(11,423)		(11,423)
Derivative instruments, net of tax [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			286
Other comprehensive gain (loss) before reclassifications			165
Other comprehensive income (loss)			165
Accumulated other comprehensive loss, net of tax, ending balance	451		451
Unrealized loss on investments, net of tax [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			(74)
Other comprehensive gain (loss) before reclassifications			16
Other comprehensive income (loss)			16
Accumulated other comprehensive loss, net of tax, ending balance	(58)		(58)
Other [Member]
Accumulated other comprehensive income loss [Line Items]
Accumulated other comprehensive loss, net of tax, beginning balance			156
Other comprehensive gain (loss) before reclassifications			(13)
Other comprehensive income (loss)			(13)
Accumulated other comprehensive loss, net of tax, ending balance	$ 143		$ 143