Company: BHE
Filing Date: 2025-02-27
Form Type: 10-K/A
Source: 0000950170-25-029247
Chunk: 33

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-27
Form: 10-K/A
Chunk 33
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 various pricing models and discounted cash flow analysis that incorporate observable market parameters, such as interest rate yield curves and volatility.

Thefair values of the Company’s derivative instruments were as follows:

| (in thousands)                                 
 Derivatives designated as hedging instruments: |     | Balance Sheet Location               |     | December 31, 
 2024         |        |   |     | December 31, 
 2023         |        |   |
|:-----------------------------------------------|:----|:-------------------------------------|:----|:-------------|:-------|:--|:----|:-------------|-------:|:--|
| Forward currency exchange contracts            |     | Other long-term assets (liabilities) |     | $            | (3,745 | ) |     | $            |  2,664 |   |
| Interest rate swap agreement                   |     | Other long-term assets (liabilities) |     |              | (114   | ) |     |              | (2,458 | ) |

Financial instruments that subject the Company to credit risk consist of cash and cash equivalents, restricted cash and trade accounts receivable. The Company maintains cash and cash equivalents with recognized financial institutions.One of the most significant credit risks is the ultimate realization of accounts receivable. This risk is mitigated by (i) sales generally are to well established companies, (ii) performing ongoing credit evaluation of customers, and (iii) engaging in frequent contact with customers, thus enabling management to monitor current changes in their business operations and respond accordingly. Management believes its allowance for doubtful accounts is adequate as of December 31, 2024 .Concentrations of credit risk related to trade accounts receivable resulting from sales to major customers arediscussed in Note 10.

Note 13—Accumulated Other Comprehensive Loss

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

| (in thousands)                                           |     | Foreign     
 Currency    
 Translation 
 Adjustments |         |   |     | Derivative   
 Instruments, 
 Net of Tax   |        |   |     | Other |        |   |     | Total |         |   |
|:---------------------------------------------------------|:----|:------------|--------:|:--|:----|:-------------|-------:|:--|:----|:------|-------:|:--|:----|:------|--------:|:--|
| Balances, December 31, 2021                              |     | $           | (12