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Note 3 - Revenue
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]
3.
REVENUE
 
The following table provides information about disaggregated revenue by geographic region and sales channel, and includes a reconciliation of the disaggregated revenue to our reportable segments:
 
   
Three Months Ended March 31, 2020
  
   
Cinch Connectivity
    
Power Solutions
    
Magnetic
      
 
  
   
Solutions
    
and Protection
    
Solutions
    
Consolidated
  
                                 
By Geographic Region:
      
 
      
 
      
 
      
 
North America
   $
29,703
     $
22,723
     $
7,107
     $
59,533
  
Europe
    
7,762
      
9,314
      
1,201
      
18,277
  
       Asia    
1,635
      
4,140
      
20,393
      
26,168
  
    $
39,100
     $
36,177
     $
28,701
     $
103,978
  
                                 
By Sales Channel:
      
 
      
 
      
 
      
 
Direct to customer
   $
25,053
     $
21,577
     $
24,342
     $
70,972
  
Through distribution
    
14,047
      
14,600
      
4,359
      
33,006
  
    $
39,100
     $
36,177
     $
28,701
     $
103,978
  
 
 
   
Three Months Ended March 31, 2019
  
   
Cinch Connectivity
    
Power Solutions
    
Magnetic
      
 
  
   
Solutions
    
and Protection
    
Solutions
    
Consolidated
  
                                 
By Geographic Region:
      
 
      
 
      
 
      
 
North America
   $
32,121
     $
23,521
     $
8,945
     $
64,587
  
Europe
    
8,765
      
12,539
      
2,221
      
23,525
  
Asia
    
3,475
      
6,712
      
27,090
      
37,277
  
    $
44,361
     $
42,772
     $
38,256
     $
125,389
  
                                 
By Sales Channel:
      
 
      
 
      
 
      
 
Direct to customer
   $
29,615
     $
29,101
     $
32,506
     $
91,222
  
Through distribution
    
14,746
      
13,671
      
5,750
      
34,167
  
    $
44,361
     $
42,772
     $
38,256
     $
125,389
  
 

The balances of the Company’s contract assets and contract liabilities at 
March 31, 2020
and
December 31, 2019
are as follows:
 
   
March 31,
    
December 31,
  
   
2020
    
2019
  
                 
Contract assets - current (unbilled receivable)
   $
13,597
     $
16,318
  
Contract liabilities - current (deferred revenue)
   $
917
     $
653
  
 
 
The change in balance of our unbilled receivables from
December 31, 2019
to
March 31, 2020
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
March 31, 2020
related to contracts that exceed
one
year in duration amounted to
$16.7
million, with expected contract expiration dates that range from
2021
 -
2025.
It is expected that
77%
of this aggregate amount will be recognized in
2021,
20%
will be recognized in
2022
 and the remainder will be recognized in years beyond
2022.