| Schedule of Segment Information |
The following tables present financial information for the Company's reportable segments:
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Year Ended December 31, |
(in thousands) |
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2023 |
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2022 |
|
2021 |
| Net sales to unrelated entities: |
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| U.S. |
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$ |
2,241,437 |
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$ |
2,302,246 |
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$ |
2,060,300 |
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| LAAP |
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519,754 |
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473,866 |
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465,499 |
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| EMEA |
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469,237 |
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|
438,554 |
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382,060 |
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| Canada |
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256,775 |
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249,486 |
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218,543 |
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$ |
3,487,203 |
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$ |
3,464,152 |
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$ |
3,126,402 |
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| Segment operating income: |
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| U.S. |
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$ |
415,731 |
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$ |
519,812 |
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$ |
536,475 |
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| LAAP |
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61,824 |
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47,025 |
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42,025 |
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| EMEA |
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98,943 |
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80,192 |
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65,496 |
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| Canada |
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55,599 |
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52,957 |
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|
52,731 |
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| Total segment operating income |
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632,097 |
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699,986 |
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696,727 |
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| Unallocated corporate expenses |
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(321,813) |
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(306,882) |
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(246,223) |
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| Interest income, net |
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13,687 |
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2,713 |
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1,380 |
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| Other non-operating income (expense), net |
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2,221 |
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1,593 |
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(373) |
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| Income before income tax |
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$ |
326,192 |
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$ |
397,410 |
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$ |
451,511 |
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| Depreciation and amortization expense: |
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| U.S. |
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$ |
21,429 |
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$ |
20,428 |
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$ |
21,098 |
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| LAAP |
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5,440 |
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4,984 |
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5,733 |
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| EMEA |
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3,545 |
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3,066 |
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3,423 |
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| Canada |
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2,616 |
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2,461 |
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2,586 |
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| Unallocated corporate expense |
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25,033 |
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23,813 |
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23,082 |
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$ |
58,063 |
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$ |
54,752 |
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$ |
55,922 |
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December 31,
|
(in thousands) |
|
2023 |
|
2022 |
| Accounts receivable, net: |
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| U.S. |
|
$ |
206,119 |
|
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$ |
280,199 |
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| LAAP |
|
71,236 |
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|
87,391 |
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| EMEA |
|
104,871 |
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|
107,626 |
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| Canada |
|
40,853 |
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|
72,345 |
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$ |
423,079 |
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$ |
547,561 |
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| Inventories: |
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| U.S. |
|
$ |
487,860 |
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$ |
747,762 |
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| LAAP |
|
106,785 |
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|
105,158 |
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| EMEA |
|
89,303 |
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|
98,777 |
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| Canada |
|
62,340 |
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|
76,848 |
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$ |
746,288 |
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$ |
1,028,545 |
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| Property, plant and equipment, net: |
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| U.S. |
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$ |
226,243 |
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$ |
233,382 |
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| Canada |
|
25,174 |
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|
25,350 |
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| All other countries |
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35,864 |
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|
32,482 |
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$ |
287,281 |
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$ |
291,214 |
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