$BHE
BENCHMARK ELECTRONICS INC

2023 Q2 Form 10-Q Financial Statement

#000095017023017982 Filed on May 05, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $733.2M $694.7M
YoY Change 0.71% 9.21%
Cost Of Revenue $666.2M $630.7M
YoY Change -0.46% 9.03%
Gross Profit $67.03M $63.96M
YoY Change 14.08% 11.03%
Gross Profit Margin 9.14% 9.21%
Selling, General & Admin $37.67M $38.20M
YoY Change 5.11% 5.26%
% of Gross Profit 56.2% 59.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.45M $11.10M
YoY Change 4.41% 1.86%
% of Gross Profit 17.08% 17.36%
Operating Expenses $39.26M $38.20M
YoY Change 9.54% 5.26%
Operating Profit $27.77M $22.74M
YoY Change 23.79% 47.61%
Interest Expense -$6.636M $6.450M
YoY Change -403.71% 268.57%
% of Operating Profit -23.9% 28.36%
Other Income/Expense, Net $61.00K -$2.165M
YoY Change -92.22% 636.39%
Pretax Income $17.91M $15.39M
YoY Change -15.9% 14.02%
Income Tax $3.915M $3.025M
% Of Pretax Income 21.86% 19.66%
Net Earnings $13.99M $12.36M
YoY Change -18.76% 12.77%
Net Earnings / Revenue 1.91% 1.78%
Basic Earnings Per Share $0.39 $0.35
Diluted Earnings Per Share $0.39 $0.35
COMMON SHARES
Basic Shares Outstanding 35.62M 35.19M
Diluted Shares Outstanding 35.68M 35.59M

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $244.6M $210.9M
YoY Change -6.74% -13.9%
Cash & Equivalents $244.6M $210.9M
Short-Term Investments
Other Short-Term Assets $49.55M $45.80M
YoY Change 6.45% -2.69%
Inventory $756.4M $778.1M
Prepaid Expenses
Receivables $670.5M $461.9M
Other Receivables $6.000K $6.000K
Total Short-Term Assets $1.721B $1.691B
YoY Change 7.48% 16.53%
LONG-TERM ASSETS
Property, Plant & Equipment $314.9M $221.0M
YoY Change 58.64% 16.0%
Goodwill $192.1M $192.1M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $24.32M $66.63M
YoY Change -64.46% -4.98%
Total Long-Term Assets $586.4M $587.8M
YoY Change 3.69% 6.57%
TOTAL ASSETS
Total Short-Term Assets $1.721B $1.691B
Total Long-Term Assets $586.4M $587.8M
Total Assets $2.307B $2.279B
YoY Change 6.49% 13.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $417.4M $421.7M
YoY Change -16.67% -7.77%
Accrued Expenses $100.6M $88.99M
YoY Change 7.66% -0.81%
Deferred Revenue $185.7M $185.8M
YoY Change 6.97% 43.36%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.458M $3.456M
YoY Change 31.48% 91.15%
Total Short-Term Liabilities $721.9M $711.9M
YoY Change -8.04% 4.0%
LONG-TERM LIABILITIES
Long-Term Debt $424.0M $399.9M
YoY Change 61.71% 98.46%
Other Long-Term Liabilities $113.4M $44.18M
YoY Change 165.28% -19.77%
Total Long-Term Liabilities $537.3M $44.18M
YoY Change 1157.5% -19.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $721.9M $711.9M
Total Long-Term Liabilities $537.3M $44.18M
Total Liabilities $1.260B $756.0M
YoY Change 52.18% 2.23%
SHAREHOLDERS EQUITY
Retained Earnings $534.5M $526.4M
YoY Change 8.77% 9.2%
Common Stock $3.564M $3.559M
YoY Change 1.42% 0.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.048B $1.035B
YoY Change
Total Liabilities & Shareholders Equity $2.307B $2.279B
YoY Change 6.49% 13.79%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $13.99M $12.36M
YoY Change -18.76% 12.77%
Depreciation, Depletion And Amortization $11.45M $11.10M
YoY Change 4.41% 1.86%
Cash From Operating Activities $24.54M -$24.91M
YoY Change -196.28% -63.39%
INVESTING ACTIVITIES
Capital Expenditures $8.318M $35.93M
YoY Change -218.9% 108.84%
Acquisitions
YoY Change
Other Investing Activities $566.0K $0.00
YoY Change -86.92% -100.0%
Cash From Investing Activities -$7.752M -$38.71M
YoY Change 190.45% 132.57%
FINANCING ACTIVITIES
Cash Dividend Paid $5.900M $5.806M
YoY Change 0.02%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $151.6M
YoY Change
Cash From Financing Activities 17.92M 67.02M
YoY Change -65.31% 13.34%
NET CHANGE
Cash From Operating Activities 24.54M -24.91M
Cash From Investing Activities -7.752M -38.71M
Cash From Financing Activities 17.92M 67.02M
Net Change In Cash 34.70M 4.260M
YoY Change 47.67% -115.89%
FREE CASH FLOW
Cash From Operating Activities $24.54M -$24.91M
Capital Expenditures $8.318M $35.93M
Free Cash Flow $16.22M -$60.83M
YoY Change -187.73% -28.62%

Facts In Submission

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BENCHMARK ELECTRONICS, INC.
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CY2023Q1 us-gaap Depreciation
Depreciation
8320000
CY2022Q1 us-gaap Depreciation
Depreciation
8294000
CY2023Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2780000
CY2022Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2603000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
120000
CY2023Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-1010000
CY2022Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-1201000
CY2023Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-11000
CY2022Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-41000
CY2023Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0
CY2022Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
-1983000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4790000
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4206000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-30398000
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
26356000
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
10521000
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
13431000
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
49864000
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
85751000
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3712000
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8742000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
15375000
CY2022Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
35869000
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-12129000
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
11475000
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-21348000
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7960000
CY2023Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-9000
CY2022Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
398000
CY2023Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-365000
CY2022Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
263000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24906000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-68025000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35926000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17203000
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
19000
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0
CY2023Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0
CY2022Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1325000
CY2023Q1 us-gaap Payments For Software
PaymentsForSoftware
2805000
CY2022Q1 us-gaap Payments For Software
PaymentsForSoftware
772000
CY2023Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0
CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-5000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-38712000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16645000
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
68000
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
459000
CY2023Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5554000
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2997000
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
5806000
CY2022Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
5805000
CY2023Q1 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
230000000
CY2022Q1 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
203000000
CY2023Q1 us-gaap Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
151641000
CY2022Q1 us-gaap Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
130000000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
43000
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
41000
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5482000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
67024000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-59134000
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
854000
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1278000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4260000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-26814000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
207430000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
271749000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
211690000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
244935000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
24000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
24000
CY2023Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
757586000
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
710494000
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
18077000
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
15546000
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2474000
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1709000
CY2023Q1 us-gaap Inventory Net
InventoryNet
778137000
CY2022Q4 us-gaap Inventory Net
InventoryNet
727749000
CY2022Q4 us-gaap Goodwill
Goodwill
192116000
CY2023Q1 us-gaap Goodwill
Goodwill
192116000
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
179528000
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
121256000
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58272000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
176723000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
118537000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58186000
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6000
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8000
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1592000
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1609000
CY2023Q1 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1050000
CY2022Q1 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
909000
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
114000
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
85000
CY2023Q1 bhe Adjustment For Amortization Expense
AdjustmentForAmortizationExpense
2756000
CY2022Q1 bhe Adjustment For Amortization Expense
AdjustmentForAmortizationExpense
2603000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4388000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4817000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4817000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4817000
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4817000
CY2023Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1715000
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1829000
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
402894000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
324421000
CY2023Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
200000000.0
CY2023Q1 bhe Percentage Of Direct Foreign Subsidiaries Voting Capital Stock Used To Secure Credit Agreement
PercentageOfDirectForeignSubsidiariesVotingCapitalStockUsedToSecureCreditAgreement
0.65
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
140000
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
80000
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
456000
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
469000
CY2023Q1 us-gaap Lease Cost
LeaseCost
5197000
CY2022Q1 us-gaap Lease Cost
LeaseCost
4855000
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
6000
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
8000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
4435000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
5316000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
43000
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
41000
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5406000
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
634000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
640000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
664000
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
95156000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
93081000
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
175000
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
173000
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
311000
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
355000
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13314000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
12020000
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
87561000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
86687000
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y9M18D
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.048
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.048
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
12650000
CY2023Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
145000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
15641000
CY2023Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
194000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14837000
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
178000
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11511000
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10406000
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0
CY2023Q1 bhe Lessee Operating Lease Liability Payments Due Year Five After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAfterYearFive
57617000
CY2023Q1 bhe Finance Lease Liability Payments Due Year Five After Year Five
FinanceLeaseLiabilityPaymentsDueYearFiveAfterYearFive
0
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
122662000
CY2023Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
517000
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
21787000
CY2023Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
31000
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
100875000
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
486000
CY2023Q1 bhe Operating Lease Expiration Year
OperatingLeaseExpirationYear
2032
CY2023Q1 bhe Lessee Operating Lease Liability Aggregate Annual Minimum Payments
LesseeOperatingLeaseLiabilityAggregateAnnualMinimumPayments
2400000
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5800000
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5800000
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.165
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.165
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000
CY2018Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000
CY2023Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
154600000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2200000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4800000
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4200000
CY2023Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1100000
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1000000.0
CY2023Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
100000
CY2022Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
500000
CY2023Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
2200000
CY2022Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
2100000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
400000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
57000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.85
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
11000
CY2023Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
17.37
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
2000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
17.37
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
44000
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
23.07
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y5M12D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
28000
CY2023Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
525000
CY2022Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
97000
CY2023Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
66000
CY2022Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
171000
CY2023Q1 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3444000
CY2022Q1 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3466000
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1010000
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1201000
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3025000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2533000
CY2022Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
365200000
CY2023Q1 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
1900000
CY2023Q1 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.05
CY2022Q1 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
1200000
CY2022Q1 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.03
CY2023Q1 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
1941000
CY2022Q1 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
1190000
CY2023Q1 bhe Unrecognized Tax Benefits Including Interest And Penalties
UnrecognizedTaxBenefitsIncludingInterestAndPenalties
9500000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
743105000
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
663167000
CY2023Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
194100000
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
183600000
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
183613000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
155243000
CY2023Q1 bhe Contract With Customer Asset Revenue Recognized
ContractWithCustomerAssetRevenueRecognized
630774000
CY2022Q1 bhe Contract With Customer Asset Revenue Recognized
ContractWithCustomerAssetRevenueRecognized
569191000
CY2023Q1 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
620253000
CY2022Q1 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
555759000
CY2023Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
194134000
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
168675000
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
185800000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
197900000
CY2023Q1 bhe Increases Maximum Limit Accounts Receivable Sale Program
IncreasesMaximumLimitAccountsReceivableSaleProgram
200000000.0
CY2023Q1 bhe Trade Accounts Receivable Sold
TradeAccountsReceivableSold
152800000
CY2022Q1 bhe Trade Accounts Receivable Sold
TradeAccountsReceivableSold
107200000
CY2023Q1 bhe Amount Received From Trade Accounts Receivable Sold To Third Party
AmountReceivedFromTradeAccountsReceivableSoldToThirdParty
151800000
CY2022Q1 bhe Amount Received From Trade Accounts Receivable Sold To Third Party
AmountReceivedFromTradeAccountsReceivableSoldToThirdParty
107000000.0
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
3781000
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
1426000
CY2023Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
2480000
CY2023Q1 us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
0
CY2023Q1 us-gaap Restructuring Reserve
RestructuringReserve
2727000
CY2023Q1 us-gaap Severance Costs1
SeveranceCosts1
868000
CY2023Q1 bhe Lease Facility Cost
LeaseFacilityCost
46000
CY2023Q1 us-gaap Business Exit Costs1
BusinessExitCosts1
512000
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
1426000
CY2022Q1 bhe Sale Of Equipment
SaleOfEquipment
1300000
CY2022Q1 bhe Loss On Assets Held From Sale
LossOnAssetsHeldFromSale
2000000.0
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
12360000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
10960000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35336000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35245000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35592000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35470000
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.31
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000
CY2023Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
400000
CY2022Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
100000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-16233000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-17158000
CY2023Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
2852000
CY2022Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
1188000
CY2023Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
428000
CY2022Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-83000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2424000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1271000
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-13809000
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-15887000
CY2023Q1 us-gaap Revenues
Revenues
694695000
CY2022Q1 us-gaap Revenues
Revenues
636083000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11100000
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10897000
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
22742000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
15407000
CY2023Q1 us-gaap Interest Expense
InterestExpense
6450000
CY2022Q1 us-gaap Interest Expense
InterestExpense
1750000
CY2023Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1258000
CY2022Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
130000
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2165000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-294000
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
15385000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
13493000
CY2023Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
38731000
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
17975000
CY2023Q1 us-gaap Assets
Assets
2278648000
CY2022Q4 us-gaap Assets
Assets
2227331000
CY2023Q1 us-gaap Revenues
Revenues
694695000
CY2022Q1 us-gaap Revenues
Revenues
636083000
CY2023Q1 us-gaap Noncurrent Assets
NoncurrentAssets
382799000
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
370831000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4428000
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3478000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
5874000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
1562000
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5555000
CY2022Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3744000

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