Company: BHE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001193125-25-266701
Chunk: 12

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 12
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ASB issued ASU 2024-03, “Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (ASU 2024-03), which requires public entities to disclose specified information about certain costs and expenses. ASU 2024-03 is effective for annual periods beginning after December 15, 2026. Early adoption is permitted. The Company is currently evaluating the guidance and its impact to the financial statements. The Company does not believe that any other recently issued accounting standards will have a material impact on its consolidated financial position, results of operations or cash flows, or will apply to its operations. 

Note 3 – InventoriesInventory costs are summarized as follows: 

         September 30,

         December 31,

         (in thousands)
          
         2025

         2024

         Raw materials
          
         $
         488,767

         $
         528,424

         Work in process

         16,888

         18,761

         Finished goods

         3,350

         6,469

         Total inventories
          
         $
         509,005

         $
         553,654