$TTMI
TTM TECHNOLOGIES INC

2023 Q2 Form 10-Q Financial Statement

#000095017023019634 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q2
Revenue $544.4M $581.3M
YoY Change -6.34% 2.45%
Cost Of Revenue $458.3M $490.3M
YoY Change -6.53% 4.89%
Gross Profit $86.12M $90.92M
YoY Change -5.28% -9.0%
Gross Profit Margin 15.82% 15.64%
Selling, General & Admin $56.38M $51.23M
YoY Change 10.05% 11.85%
% of Gross Profit 65.46% 56.34%
Research & Development $7.085M $5.555M
YoY Change 27.54% 32.83%
% of Gross Profit 8.23% 6.11%
Depreciation & Amortization $21.96M $31.16M
YoY Change -29.51% -1.55%
% of Gross Profit 25.5% 34.27%
Operating Expenses $85.42M $65.06M
YoY Change 31.31% 10.22%
Operating Profit $699.0K $25.87M
YoY Change -97.3% -36.73%
Interest Expense -$12.81M $11.36M
YoY Change -212.73% 2.55%
% of Operating Profit -1832.19% 43.92%
Other Income/Expense, Net $1.198M -$9.391M
YoY Change -112.76% -12.83%
Pretax Income -$13.74M $16.48M
YoY Change -183.38% -45.29%
Income Tax -$7.924M -$769.0K
% Of Pretax Income -4.67%
Net Earnings -$5.814M $17.25M
YoY Change -133.71% -38.98%
Net Earnings / Revenue -1.07% 2.97%
Basic Earnings Per Share -$0.06 $0.17
Diluted Earnings Per Share -$0.06 $0.17
COMMON SHARES
Basic Shares Outstanding 102.4M 102.6M
Diluted Shares Outstanding 102.4M 104.3M

Balance Sheet

Concept 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $417.5M $519.1M
YoY Change -19.58% -7.02%
Cash & Equivalents $417.5M $519.1M
Short-Term Investments
Other Short-Term Assets $34.23M $46.62M
YoY Change -26.57% 15.36%
Inventory $176.7M $137.3M
Prepaid Expenses
Receivables $398.9M $731.1M
Other Receivables $34.75M $0.00
Total Short-Term Assets $1.378B $1.434B
YoY Change -3.91% 2.11%
LONG-TERM ASSETS
Property, Plant & Equipment $714.1M $682.9M
YoY Change 4.58% 4.94%
Goodwill $746.3M $637.3M
YoY Change 17.09% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $51.38M $59.48M
YoY Change -13.63% 12.19%
Total Long-Term Assets $1.798B $1.610B
YoY Change 11.68% -0.69%
TOTAL ASSETS
Total Short-Term Assets $1.378B $1.434B
Total Long-Term Assets $1.798B $1.610B
Total Assets $3.176B $3.044B
YoY Change 4.33% 0.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $312.8M $383.9M
YoY Change -18.52% 5.47%
Accrued Expenses $119.2M $109.8M
YoY Change 8.51% -4.97%
Deferred Revenue $126.7M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $702.0K
YoY Change -100.0%
Total Short-Term Liabilities $627.8M $586.6M
YoY Change 7.02% 5.74%
LONG-TERM LIABILITIES
Long-Term Debt $880.0M $942.3M
YoY Change -6.62% 1.71%
Other Long-Term Liabilities $130.5M $67.63M
YoY Change 92.91% 14.13%
Total Long-Term Liabilities $1.021B $67.63M
YoY Change 1409.11% 14.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $627.8M $586.6M
Total Long-Term Liabilities $1.021B $67.63M
Total Liabilities $1.648B $1.596B
YoY Change 3.26% 2.63%
SHAREHOLDERS EQUITY
Retained Earnings $795.0M
YoY Change
Common Stock $863.4M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.528B $1.448B
YoY Change
Total Liabilities & Shareholders Equity $3.176B $3.044B
YoY Change 4.33% 0.61%

Cashflow Statement

Concept 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$5.814M $17.25M
YoY Change -133.71% -38.98%
Depreciation, Depletion And Amortization $21.96M $31.16M
YoY Change -29.51% -1.55%
Cash From Operating Activities $55.08M $35.99M
YoY Change 53.03% -36.81%
INVESTING ACTIVITIES
Capital Expenditures $31.00M $23.45M
YoY Change 32.23% -202.67%
Acquisitions
YoY Change
Other Investing Activities $40.63M $25.00K
YoY Change 162416.0% -82.52%
Cash From Investing Activities $9.627M -$23.42M
YoY Change -141.11% 3.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.23M
YoY Change
Debt Paid & Issued, Net $50.00M $0.00
YoY Change
Cash From Financing Activities -50.00M -31.12M
YoY Change 60.67% 93.68%
NET CHANGE
Cash From Operating Activities 55.08M 35.99M
Cash From Investing Activities 9.627M -23.42M
Cash From Financing Activities -50.00M -31.12M
Net Change In Cash 14.70M -18.60M
YoY Change -179.05% -202.23%
FREE CASH FLOW
Cash From Operating Activities $55.08M $35.99M
Capital Expenditures $31.00M $23.45M
Free Cash Flow $24.08M $12.55M
YoY Change 91.9% -84.28%

Facts In Submission

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CY2023Q2 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherLiabilitiesNoncurrent
CY2023Q2 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherLiabilitiesCurrent
CY2023Q2 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherLiabilitiesCurrent
CY2023Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q2 dei Document Type
DocumentType
10-Q
CY2023Q2 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q2 dei Document Period End Date
DocumentPeriodEndDate
2023-04-03
CY2023Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q2 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q2 dei Entity File Number
EntityFileNumber
0-31285
CY2023Q2 dei Entity Registrant Name
EntityRegistrantName
TTM TECHNOLOGIES, INC.
CY2023Q2 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
17563000
CY2022Q2 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-1360000
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-64595000
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
26085000
CY2023Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-18591000
CY2022Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-6149000
CY2023Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9045000
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9731000
CY2023Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1875000
CY2022Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
15848000
CY2023Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-34578000
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
24112000
CY2023Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
22724000
CY2022Q2 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
8335000
CY2023Q2 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-29279000
CY2022Q2 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-454000
CY2023Q2 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-28726000
CY2022Q2 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1000000
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
55078000
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35991000
CY2023Q2 ttmi Proceeds From Sale Of Sh E Ms Property
ProceedsFromSaleOfShEMsProperty
34733000
CY2022Q2 ttmi Proceeds From Sale Of Sh E Ms Property
ProceedsFromSaleOfShEMsProperty
0
CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31002000
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23445000
CY2023Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
295000
CY2022Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
25000
CY2023Q2 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
5601000
CY2022Q2 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
0
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9627000
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23420000
CY2023Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
50000000
CY2022Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0
CY2023Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
CY2022Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30232000
CY2023Q2 ttmi Cash Used To Settle Warrants
CashUsedToSettleWarrants
0
CY2022Q2 ttmi Cash Used To Settle Warrants
CashUsedToSettleWarrants
887000
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-50000000
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31119000
CY2023Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-2000
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-51000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14703000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18599000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
402749000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
537678000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
417452000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
519079000
CY2023Q2 us-gaap Interest Paid Net
InterestPaidNet
19589000
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13207000
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3259000
CY2023Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
13384000
CY2023Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
25418000
CY2022Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
31656000
CY2023Q2 ttmi Issuance Of Common Stock For Warrant Settlement
IssuanceOfCommonStockForWarrantSettlement
0
CY2022Q2 ttmi Issuance Of Common Stock For Warrant Settlement
IssuanceOfCommonStockForWarrantSettlement
589000
CY2023Q2 ttmi Financial Institutions Weighted Average Negotiated Period
FinancialInstitutionsWeightedAverageNegotiatedPeriod
P290D
CY2023Q2 ttmi Lessee Operating Lease And Finance Lease Expire Description
LesseeOperatingLeaseAndFinanceLeaseExpireDescription
various dates through 2049
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2046000
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1884000
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
278000
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
246000
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
117000
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
140000
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
344000
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
344000
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
94000
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
98000
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
2070000
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1861000
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
529000
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
421000
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15622000
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18862000
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
13041000
CY2023Q2 ttmi Lease Right Of Use Asset
LeaseRightOfUseAsset
28663000
CY2023Q1 ttmi Lease Right Of Use Asset
LeaseRightOfUseAsset
32246000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6257000
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7368000
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
752000
CY2023Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
736000
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
10099000
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12249000
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
13385000
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
13579000
CY2023Q2 ttmi Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
30493000
CY2023Q1 ttmi Operating Lease And Finance Lease Liability
OperatingLeaseAndFinanceLeaseLiability
33932000
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P13Y4M24D
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P13Y7M6D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0331
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0309
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0269
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0269
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6662000
CY2023Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1121000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5485000
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1131000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2867000
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1158000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1213000
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
1175000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
438000
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1210000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
657000
CY2023Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
11152000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
17322000
CY2023Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
16947000
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
966000
CY2023Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2810000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
16356000
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
14137000
CY2023Q2 ttmi Lessee Operating Lease Lease Not Yet Commenced Liability Incurred
LesseeOperatingLeaseLeaseNotYetCommencedLiabilityIncurred
851000
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
378829000
CY2023Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.52
CY2023Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2023Q2 us-gaap Loss On Contracts
LossOnContracts
20641000
CY2023 us-gaap Loss On Contracts
LossOnContracts
21632000
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
18508000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
544437000
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
9336000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
581260000
CY2023Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
142205000
CY2023Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
145561000
CY2023Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
29201000
CY2023Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
20114000
CY2023Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5322000
CY2023Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4964000
CY2023Q2 us-gaap Inventory Net
InventoryNet
176728000
CY2023Q1 us-gaap Inventory Net
InventoryNet
170639000
CY2023Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
76811000
CY2023Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
76811000
CY2023Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
444990000
CY2023Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
443353000
CY2023Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
994365000
CY2023Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
989935000
CY2023Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
11206000
CY2023Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
11327000
CY2023Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
26899000
CY2023Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
27774000
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1554271000
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1549200000
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
840124000
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
824996000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
714147000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
724204000
CY2023Q2 ttmi Revenue Recognition Sale Return Reserve
RevenueRecognitionSaleReturnReserve
10774000
CY2023Q1 ttmi Revenue Recognition Sale Return Reserve
RevenueRecognitionSaleReturnReserve
12319000
CY2023Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
9142000
CY2023Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
28057000
CY2023Q2 ttmi Accrued Facility Operating Costs Current
AccruedFacilityOperatingCostsCurrent
9102000
CY2023Q1 ttmi Accrued Facility Operating Costs Current
AccruedFacilityOperatingCostsCurrent
9081000
CY2023Q2 ttmi Housing Fund
HousingFund
7572000
CY2023Q1 ttmi Housing Fund
HousingFund
7440000
CY2023Q2 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
7500000
CY2023Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
0
CY2023Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
6450000
CY2023Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
8045000
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6257000
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7368000
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
5463000
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
5123000
CY2023Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
3973000
CY2023Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
2513000
CY2023Q2 us-gaap Interest Payable Current
InterestPayableCurrent
1847000
CY2023Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
310000
CY2023Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1622000
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
544437000
CY2023Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
34104000
CY2023Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
39128000
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
102494000
CY2023Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
130032000
CY2023Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
53648000
CY2023Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
54268000
CY2023Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
31250000
CY2023Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
38750000
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
13385000
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
13579000
CY2023Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
2473000
CY2023Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
2471000
CY2023Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
901000
CY2023Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0
CY2023Q2 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
28801000
CY2023Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
25976000
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
130458000
CY2023Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
135044000
CY2022Q4 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
477600000
CY2022Q4 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
51804
CY2023Q2 us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.50
CY2023Q2 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
34746
CY2023 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
69240
CY2023Q1 us-gaap Goodwill Gross
GoodwillGross
1001037000
CY2023Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
240600000
CY2023Q1 us-gaap Goodwill
Goodwill
760437000
CY2023Q2 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
11350000
CY2023Q2 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
2815000
CY2023Q2 us-gaap Goodwill Gross
GoodwillGross
986872000
CY2023Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
240600000
CY2023Q2 us-gaap Goodwill
Goodwill
746272000
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
514721000
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
244206000
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
270515000
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
504471000
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
216434000
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
288037000
CY2023Q2 ttmi Amortization Of Intangible Assets Including Cost Of Good And Services Amortization Continuing Operations
AmortizationOfIntangibleAssetsIncludingCostOfGoodAndServicesAmortizationContinuingOperations
27772000
CY2022Q2 ttmi Amortization Of Intangible Assets Including Cost Of Good And Services Amortization Continuing Operations
AmortizationOfIntangibleAssetsIncludingCostOfGoodAndServicesAmortizationContinuingOperations
9658000
CY2023Q2 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
5808000
CY2022Q2 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
1384000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
581260000
CY2023Q2 ttmi Amortization Of Intangible Assets Including Cost Of Good And Services Amortization Continuing Operations
AmortizationOfIntangibleAssetsIncludingCostOfGoodAndServicesAmortizationContinuingOperations
27772000
CY2022Q2 ttmi Amortization Of Intangible Assets Including Cost Of Good And Services Amortization Continuing Operations
AmortizationOfIntangibleAssetsIncludingCostOfGoodAndServicesAmortizationContinuingOperations
9658000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
42654000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
45375000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
40630000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
40630000
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
38348000
CY2023Q2 ttmi Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
62878000
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
270515000
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
885879000
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
935879000
CY2023Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
5589000
CY2023Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6080000
CY2023Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
297000
CY2023Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
392000
CY2023Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
879993000
CY2023Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
929407000
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
50000000
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
879993000
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
879407000
CY2023Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5589000
CY2023Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
297000
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6080000
CY2023Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
392000
CY2023Q2 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2023Q2 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-356000
CY2023Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
0
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3468000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
25868000
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10270000
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-9391000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13738000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16477000
CY2023Q2 us-gaap Assets
Assets
3176035000
CY2023Q1 us-gaap Assets
Assets
3323604000
CY2023Q2 ttmi Number Of Countries Parent Company Markets And Sells Its Products
NumberOfCountriesParentCompanyMarketsAndSellsItsProducts
50
CY2023Q2 ttmi Percentage Of Net Sales If Exceed Company Does Not Conduct Business
PercentageOfNetSalesIfExceedCompanyDoesNotConductBusiness
0.10
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
544437000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
581260000
CY2023Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-5814000
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
17246000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102381000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102613000
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1685000
CY2023Q2 ttmi Incremental Common Shares Attributable To Warrants
IncrementalCommonSharesAttributableToWarrants
0
CY2022Q2 ttmi Incremental Common Shares Attributable To Warrants
IncrementalCommonSharesAttributableToWarrants
6000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102381000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104304000
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.06
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.17
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.06
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.17
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
5240000
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
4234000
CY2023Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
27844000
CY2023Q1 ttmi Number Of Manufacturing Facilities
NumberOfManufacturingFacilities
3
CY2023Q2 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
1276000
CY2023Q1 us-gaap Restructuring Reserve
RestructuringReserve
2513000
CY2023Q2 ttmi Restructuring Reserve Period Expense And Other Related Charges
RestructuringReservePeriodExpenseAndOtherRelatedCharges
4167000
CY2023Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
2707000
CY2023Q2 us-gaap Restructuring Reserve
RestructuringReserve
3973000

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