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Revenue Recognition | 3 Months Ended
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Mar. 31, 2020
Revenue Recognition |
Revenue Recognition | Note 14—Revenue Recognition ​ Revenues consist of product sales to either end customers and their appointed contract manufacturers (including original equipment manufacturers) or to distributors, and the vast majority of our sales are recognized at a point-in-time under the core principle of recognizing revenue when control transfers to the customer. With limited exceptions, the Company recognizes revenue at the point in time when we ship or deliver the product from our manufacturing facility to our customer, when our customer accepts and has legal title of the goods, and where the Company has a present right to payment for such goods. For the three months ended March 31, 2020 and 2019, less than 5% of our net sales were recognized over time, where the associated contracts relate to the sale of goods with no alternative use as they are only sold to a single customer and whose underlying contract terms provide the Company with an enforceable right to payment, including a reasonable profit margin, for performance completed to date, in the event of customer termination. Since we typically invoice our customers at the same time that we satisfy our performance obligations, contract assets and contract liabilities recorded in the Company’s Condensed Consolidated Balance Sheets were not significant as of March 31, 2020 and December 31, 2019. These amounts are recorded in the accompanying Condensed Consolidated Balance Sheets within Prepaid expenses and other current assets or Other accrued expenses as of March 31, 2020 and December 31, 2019. ​ The Company receives customer orders negotiated with multiple delivery dates that may extend across more than one reporting period until the contract is fulfilled, the end of the order period is reached, or a pre-determined maximum order value has been reached. Orders typically fluctuate from quarter to quarter based on customer demand and general business conditions. It is generally expected that a substantial portion of our remaining performance obligations will be fulfilled within three months, and nearly all of our performance obligations are part of contracts that have original durations of one year or less. Since our performance obligations are generally fulfilled within one year, we have not disclosed the aggregate amount of transaction prices associated with unsatisfied or partially unsatisfied performance obligations as of March 31, 2020. ​ While the Company typically offers standard product warranty coverage which provides assurance that our products will conform to the contractually agreed-upon specifications for a limited period from the date of shipment, the Company’s warranty liabilities as of March 31, 2020 and December 31, 2019, and related warranty expense for the three months ended March 31, 2020 and 2019, have not been and were not material in the accompanying Condensed Consolidated Financial Statements. ​ Disaggregation of Net Sales ​ The following tables show our net sales disaggregated into categories the Company considers meaningful to depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors for the three months ended March 31, 2020 and 2019: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Interconnect Products | ​ | Cable Products | ​ | Total Reportable | ​
​ | ​ | and Assemblies | ​ | and Solutions | ​ | Business Segments | ​
Three Months Ended March 31, | ​ | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019 | ​
Net sales by: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sales channel: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
End customers and contract manufacturers | ​ | $ | 1,488.6 |  | $ | 1,592.8 |  | $ | 66.1 |  | $ | 72.9 |  | $ | 1,554.7 |  | $ | 1,665.7 | ​
Distributors and resellers | ​ |  | 290.4 | ​ |  | 269.9 | ​ |  | 16.9 | ​ |  | 22.9 | ​ |  | 307.3 | ​ |  | 292.8 | ​
​ | ​ | $ | 1,779.0 | ​ | $ | 1,862.7 | ​ | $ | 83.0 | ​ | $ | 95.8 | ​ | $ | 1,862.0 | ​ | $ | 1,958.5 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geography: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 571.4 |  | $ | 534.0 |  | $ | 44.0 |  | $ | 44.9 |  | $ | 615.4 |  | $ | 578.9 | ​
China | ​ |  | 416.9 | ​ |  | 522.4 | ​ |  | 0.8 | ​ |  | 0.8 | ​ |  | 417.7 | ​ |  | 523.2 | ​
Other foreign locations | ​ |  | 790.7 | ​ |  | 806.3 | ​ |  | 38.2 | ​ |  | 50.1 | ​ |  | 828.9 | ​ |  | 856.4 | ​
​ | ​ | $ | 1,779.0 | ​ | $ | 1,862.7 | ​ | $ | 83.0 | ​ | $ | 95.8 | ​ | $ | 1,862.0 | ​ | $ | 1,958.5 | ​
​ Net sales by geographic area are based on the customer location to which the product is shipped.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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