Company: BHE
Filing Date: 2025-02-27
Form Type: 10-K/A
Source: 0000950170-25-029247
Chunk: 26

Company: BENCHMARK ELECTRONICS INC
Filing Date: 2025-02-27
Form: 10-K/A
Chunk 26
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 to15%.The net impact of the current tax incentives was to lower income tax expense for 2024, 2023, and 2022 by approximately $ 5.8 million (approximately $ 0.16 per diluted share), $ 6.3 million (approximately $ 0.17 per diluted share) and $ 9.0 million (approximately $ 0.25 per diluted share), respectively, as follows:

|                      | (in thousands) | Year Ended   
 December 31, |  2024 |     |   |  2023 |     |   |  2022 |
|:---------------------|:---------------|:-------------|------:|:----|:--|------:|:----|:--|------:|
| Thailand             |                | $            | 4,110 |     | $ | 4,923 |     | $ | 8,362 |
| China                |                |              | 1,663 |     |   | 1,338 |     |   |   643 |
| Total tax incentives |                | $            | 5,773 |     | $ | 6,261 |     | $ | 9,005 |

The Company must determine whether it is “more-likely-than-not” that a tax position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. Once it is determined that a position meets the more-likely-than-not recognition threshold, the position is measured to determine the amount of benefit to recognize in the consolidated financial statements. As of December 31, 2024, the total amount of the reserve for uncertain tax benefits, including interest and penalties, was $7.3million.

Areconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows:

|                                                 | (in thousands) | December 31, |   2024 |   |     |   |  2023 |     |   |  2022 |   |
|:------------------------------------------------|:---------------|:-------------|-------:|:--|:----|:--|------:|:----|:--|------:|:--|
| Balances as of the beginning of the year        |                | $            |  9,061 |   |     | $ | 9,061 |     | $ | 9,121 |   |
| Add