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Note 14 - Segments | 9 Months Ended
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Sep. 30, 2021
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
14. | SEGMENTS
The Company operates in one industry with three reportable operating segments, which represent the Company's three product groups and a corporate segment. The segments consist of Cinch Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions and a Corporate segment. The primary criteria by which financial performance is evaluated and resources are allocated are revenue and gross profit. The following is a summary of key financial data:
|  | Three Months Ended September 30, 2021 |
|  | Cinch Connectivity |  |  | Power Solutions |  |  | Magnetic |  |  | Corporate |  |  |  |  |
|  | Solutions |  |  | and Protection |  |  | Solutions |  |  | Segment |  |  | Total |
Revenue |  | $ | 40,344 |  |  | $ | 60,281 |  |  | $ | 46,341 |  |  | $ | - |  |  | $ | 146,966 |
Gross Profit |  |  | 10,003 |  |  |  | 15,762 |  |  |  | 10,722 |  |  |  | (513 | ) |  |  | 35,974 |
Gross Profit % |  |  | 24.8 | % |  |  | 26.1 | % |  |  | 23.1 | % |  |  | nm |  |  |  | 24.5 | %
|  | Three Months Ended September 30, 2020 |
|  | Cinch Connectivity |  |  | Power Solutions |  |  | Magnetic |  |  | Corporate |  |  |  |  |
|  | Solutions |  |  | and Protection |  |  | Solutions |  |  | Segment |  |  | Total |
Revenue |  | $ | 38,535 |  |  | $ | 47,793 |  |  | $ | 38,164 |  |  | $ | - |  |  | $ | 124,492 |
Gross Profit |  |  | 11,219 |  |  |  | 11,552 |  |  |  | 10,793 |  |  |  | (255 | ) |  |  | 33,309 |
Gross Profit % |  |  | 29.1 | % |  |  | 24.2 | % |  |  | 28.3 | % |  |  | nm |  |  |  | 26.8 | %
|  | Nine Months Ended September 30, 2021 |
|  | Cinch Connectivity |  |  | Power Solutions |  |  | Magnetic |  |  | Corporate |  |  |  |  |
|  | Solutions |  |  | and Protection |  |  | Solutions |  |  | Segment |  |  | Total |
Revenue |  | $ | 121,446 |  |  | $ | 159,312 |  |  | $ | 115,593 |  |  | $ | - |  |  | $ | 396,351 |
Gross Profit |  |  | 32,826 |  |  |  | 40,917 |  |  |  | 24,026 |  |  |  | (2,652 | ) |  |  | 95,117 |
Gross Profit % |  |  | 27.0 | % |  |  | 25.7 | % |  |  | 20.8 | % |  |  | nm |  |  |  | 24.0 | %
|  | Nine Months Ended September 30, 2020 |
|  | Cinch Connectivity |  |  | Power Solutions |  |  | Magnetic |  |  | Corporate |  |  |  |  |
|  | Solutions |  |  | and Protection |  |  | Solutions |  |  | Segment |  |  | Total |
Revenue |  | $ | 116,543 |  |  | $ | 129,082 |  |  | $ | 104,017 |  |  | $ | - |  |  | $ | 349,642 |
Gross Profit |  |  | 33,950 |  |  |  | 31,085 |  |  |  | 26,198 |  |  |  | (877 | ) |  |  | 90,356 |
Gross Profit % |  |  | 29.1 | % |  |  | 24.1 | % |  |  | 25.2 | % |  |  | nm |  |  |  | 25.8 | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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