XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.19.2

REVENUE | 6 Months Ended
--- | ---
Jun. 30, 2019
REVENUE [Abstract] |
REVENUE |
2. | REVENUE
The following table provides information about disaggregated revenue by product group and sales channel, and includes a reconciliation of the disaggregated revenue to our reportable segments:
|  | Three Months Ended June 30, 2019 |  |  | Six Months Ended June 30, 2019 |
|  | North |  |  |  |  |  |  |  |  |  |  |  | North |  |  |  |  |  |  |  |  |  |
|  | America |  |  | Asia |  |  | Europe |  |  | Consolidated |  |  | America |  |  | Asia |  |  | Europe |  |  | Consolidated |
By Product Group: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Connectivity solutions |  | $ | 31,297 |  |  | $ | 3,027 |  |  | $ | 8,212 |  |  | $ | 42,536 |  |  | $ | 63,418 |  |  | $ | 6,502 |  |  | $ | 16,977 |  |  | $ | 86,897 |
Magnetic solutions |  |  | 9,638 |  |  |  | 29,168 |  |  |  | 2,046 |  |  |  | 40,852 |  |  |  | 18,583 |  |  |  | 56,258 |  |  |  | 4,267 |  |  |  | 79,108 |
Power solutions and protection |  |  | 26,131 |  |  |  | 7,129 |  |  |  | 10,768 |  |  |  | 44,028 |  |  |  | 49,652 |  |  |  | 13,841 |  |  |  | 23,307 |  |  |  | 86,800 |
|  | $ | 67,066 |  |  | $ | 39,324 |  |  | $ | 21,026 |  |  | $ | 127,416 |  |  | $ | 131,653 |  |  | $ | 76,601 |  |  | $ | 44,551 |  |  | $ | 252,805 |
By Sales Channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct to customer |  | $ | 45,442 |  |  | $ | 32,707 |  |  | $ | 13,293 |  |  | $ | 91,442 |  |  | $ | 89,323 |  |  | $ | 63,835 |  |  | $ | 29,506 |  |  | $ | 182,664 |
Through distribution |  |  | 21,624 |  |  |  | 6,617 |  |  |  | 7,733 |  |  |  | 35,974 |  |  |  | 42,330 |  |  |  | 12,766 |  |  |  | 15,045 |  |  |  | 70,141 |
|  | $ | 67,066 |  |  | $ | 39,324 |  |  | $ | 21,026 |  |  | $ | 127,416 |  |  | $ | 131,653 |  |  | $ | 76,601 |  |  | $ | 44,551 |  |  | $ | 252,805 |
|  | Three Months Ended June 30, 2018 |  |  | Six Months Ended June 30, 2018 |
|  | North |  |  |  |  |  |  |  |  |  |  |  |  |  |  | North |  |  |  |  |  |  |  |  |  |  |  |  |
|  | America |  |  | Asia |  |  | Europe |  |  | Consolidated |  |  | America |  |  | Asia |  |  | Europe |  |  | Consolidated |
By Product Group: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Connectivity solutions |  | $ | 34,834 |  |  | $ | 4,820 |  |  | $ | 9,274 |  |  | $ | 48,928 |  |  | $ | 65,878 |  |  | $ | 8,241 |  |  | $ | 17,727 |  |  | $ | 91,846 |
Magnetic solutions |  |  | 10,158 |  |  |  | 32,844 |  |  |  | 2,546 |  |  |  | 45,548 |  |  |  | 18,209 |  |  |  | 60,669 |  |  |  | 4,898 |  |  |  | 83,776 |
Power solutions and protection |  |  | 26,248 |  |  |  | 8,250 |  |  |  | 11,736 |  |  |  | 46,234 |  |  |  | 46,609 |  |  |  | 15,625 |  |  |  | 21,105 |  |  |  | 83,339 |
|  | $ | 71,240 |  |  | $ | 45,914 |  |  | $ | 23,556 |  |  | $ | 140,710 |  |  | $ | 130,696 |  |  | $ | 84,535 |  |  | $ | 43,730 |  |  | $ | 258,961 |
By Sales Channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct to customer |  | $ | 44,055 |  |  | $ | 39,402 |  |  | $ | 15,990 |  |  | $ | 99,447 |  |  | $ | 81,951 |  |  | $ | 72,330 |  |  | $ | 30,183 |  |  | $ | 184,464 |
Through distribution |  |  | 27,185 |  |  |  | 6,512 |  |  |  | 7,566 |  |  |  | 41,263 |  |  |  | 48,745 |  |  |  | 12,205 |  |  |  | 13,547 |  |  |  | 74,497 |
|  | $ | 71,240 |  |  | $ | 45,914 |  |  | $ | 23,556 |  |  | $ | 140,710 |  |  | $ | 130,696 |  |  | $ | 84,535 |  |  | $ | 43,730 |  |  | $ | 258,961 |
The balances of the Company’s contract assets and contract liabilities at June 30, 2019 and December 31, 2018 are as follows:
|  | June 30, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
Contract assets - current (unbilled receivable) |  | $ | 11,470 |  |  | $ | 15,799 |
Contract liabilities - current (deferred revenue) |  | $ | 1,763 |  |  | $ | 1,036 |
The change in balance of our unbilled receivables from December 31, 2018 to June 30, 2019 primarily relates to a timing difference between the Company’s performance (i.e. when our product is shipped to a customer-controlled hub) and the point at which the Company can invoice the customer per the terms of the customer contract (i.e. when the customer pulls our product from the customer-controlled hub). The aggregate amount of transaction price allocated to remaining performance obligations that have not been satisfied as of June 30, 2019 related to contracts that exceed one year in duration amounted to $14.3 million, with expected contract expiration dates that range from 2020 - 2025. It is expected that 21% of this aggregate amount will be recognized in 2020, 54% will be recognized in 2021 and the remainder will be recognized in years beyond 2021.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration