Company: BHE
Filing Date: 2025-02-27
Form Type: 10-K/A
Source: 0000950170-25-029247
Chunk: 34

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-27
Form: 10-K/A
Chunk 34
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 | ) |     |              | (2,459 | ) |     |       |    196 |   |     |       |  (6,796 | ) |
| Amounts reclassified from accumulated                    
 other comprehensive loss                                 |     |             |       — |   |     |              |   (585 | ) |     |       |      — |   |     |       |    (585 | ) |
| Total other comprehensive income (loss)                  |     |             |  (4,533 | ) |     |              | (3,044 | ) |     |       |    196 |   |     |       |  (7,381 | ) |
| Balances, December 31, 2024                              |     | $           | (17,446 | ) |     | $            | (2,884 | ) |     | $     |   (911 | ) |     | $     | (21,241 | ) |

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See Note 12 for further discussion about the Company’s derivative instruments.

Note 14—Employee Benefit Plans The Company has defined contribution plans qualified under Section 401(k) of the Internal Revenue Code for the benefit of all its U.S. employees. The Company’s contributions to the plans are based on employee contributions and compensation. During 2024, 2023 and 2022, the Company made contributions to the U.S. plans of approximately $ 7.0 million, $ 7.3 million and $ 6.5 million, respectively. The Company also has defined contribution plans for certain of its international employees primarily dictated by the customs of the regions in which it operates. During 2024, the Company made contributions to the international plans of approximately $ 0.3 million. During 2023 and 2022, the Company made contributions to the international plans of approximately $ 0.1 million each year.

Note 15—Contingencies On January 7, 2025, our Guadalajara subsidiary Benchmark Electronics de Mexico S. de R.L. de C.V. (Benchmark Guadalajara) received a tax assessment from the Jalisco, Mexico office of customs and taxing authorities (Servicio de Administracion Tributaria (SAT)) asserting that Benchmark Guadalajara owes approximately $ 12.0 million in import duties, customs penalties, fees and surcharges relating to goods imported by Benchmark Guadalajara into Mexico in the first