Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 24,852	$ 61,126	$ 68,943
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	37,433	35,911	34,368
Amortization	10,197	10,233	11,042
Stock-based compensation expense	17,198	13,366	15,286
Provision for doubtful accounts	298	671	1,321
Deferred income taxes	(5,735)	(3,810)	(13,009)
Asset impairments	11,102	0	1,075
Loss (gain) on the sale of property, plant and equipment	36	0	(101)
Gain on business divestiture	(2,657)	0	0
Changes in operating assets and liabilities:
Accounts receivable	25,667	33,953	42,050
Contract assets	(15,292)	7,401	8,634
Inventories	75,167	127,840	45,071
Prepaid expenses and other assets	(28,452)	(8,159)	(4,648)
Accounts payable	32,397	(18,283)	(35,320)
Advance payments from customers	(28,068)	(61,269)	6,946
Accrued liabilities	(13,323)	(9,858)	(13,093)
Operating leases	1,897	131	2,414
Income taxes	(18,753)	(28)	3,315
Net cash provided by operating activities	123,964	189,225	174,294
Cash flows from investing activities:
Additions to property, plant and equipment	(35,613)	(31,306)	(73,479)
Additions to capitalized purchased software	(2,931)	(1,947)	(4,260)
Cash received from business divestiture	5,056	0	0
Proceeds from the disposal of property, plant and equipment	791	2,007	649
Other, net	(1)	(1,521)	(48)
Net cash used in investing activities	(32,698)	(32,767)	(77,138)
Cash flows from financing activities:
Borrowings under credit agreement	891,094	600,000	749,500
Principal payments on credit agreement	(936,016)	(674,102)	(743,602)
Dividends paid	(24,425)	(23,913)	(23,455)
Employee taxes paid with shares withheld	(7,250)	(6,292)	(5,761)
Proceeds from stock options exercised	4	482	129
Debt issuance costs	(2,289)	0	(216)
Principal payments on finance leases	(174)	(181)	(173)
Share repurchases	(26,848)	(5,100)	0
Net cash used in financing activities	(105,904)	(109,106)	(23,578)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	9,011	(2,538)	2,205
Net (decrease) increase in cash, cash equivalents and restricted cash	(5,627)	44,814	75,783
Cash, cash equivalents and restricted cash at the beginning of the year	328,027	283,213	207,430
Cash, cash equivalents and restricted cash at the end of the year	322,400	328,027	283,213
Supplemental cash flow information:
Interest paid	19,422	28,032	30,551
Property, Plant and Equipment [Member]
Non-cash investing activities:
Unpaid purchases at the end of the year	11,831	5,025	1,558
Capitalized Purchased Software Costs [Member]
Cash flows from investing activities:
Additions to capitalized purchased software	(2,900)	(1,900)	(4,300)
Non-cash investing activities:
Unpaid purchases at the end of the year	$ 1,830	$ 1,320	$ 0

BENCHMARK ELECTRONICS INC 10-K