XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Note 3 - Revenue | 9 Months Ended
--- | ---
Sep. 30, 2022
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 September 30, 2022 |  |  | Nine Months Ended September 30, 2022 |
|  | Connectivity Solutions |  |  | Power Solutions and Protection |  |  | Magnetic Solutions |  |  | Consolidated |  |  | Connectivity Solutions |  |  | Power Solutions and Protection |  |  | Magnetic Solutions |  |  | Consolidated |
By Geographic Region: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 37,877 |  |  | $ | 60,267 |  |  | $ | 13,490 |  |  | $ | 111,634 |  |  | $ | 105,189 |  |  | $ | 155,022 |  |  | $ | 38,616 |  |  | $ | 298,827 |
Europe |  |  | 9,327 |  |  |  | 8,779 |  |  |  | 2,535 |  |  |  | 20,641 |  |  |  | 26,895 |  |  |  | 29,264 |  |  |  | 8,128 |  |  |  | 64,287 |
Asia |  |  | 3,049 |  |  |  | 7,387 |  |  |  | 35,028 |  |  |  | 45,464 |  |  |  | 7,978 |  |  |  | 21,961 |  |  |  | 91,977 |  |  |  | 121,916 |
|  | $ | 50,253 |  |  | $ | 76,433 |  |  | $ | 51,053 |  |  | $ | 177,739 |  |  | $ | 140,062 |  |  | $ | 206,247 |  |  | $ | 138,721 |  |  | $ | 485,030 |
By Sales Channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct to customer |  | $ | 29,974 |  |  | $ | 48,765 |  |  | $ | 40,362 |  |  | $ | 119,101 |  |  | $ | 84,571 |  |  | $ | 130,210 |  |  | $ | 105,619 |  |  | $ | 320,400 |
Through distribution |  |  | 20,279 |  |  |  | 27,668 |  |  |  | 10,691 |  |  |  | 58,638 |  |  |  | 55,491 |  |  |  | 76,037 |  |  |  | 33,102 |  |  |  | 164,630 |
|  | $ | 50,253 |  |  | $ | 76,433 |  |  | $ | 51,053 |  |  | $ | 177,739 |  |  | $ | 140,062 |  |  | $ | 206,247 |  |  | $ | 138,721 |  |  | $ | 485,030 |
|  | Three Months Ended September 30, 2021 |  |  | Nine Months Ended September 30, 2021 |
|  | Connectivity Solutions |  |  | Power Solutions and Protection |  |  | Magnetic Solutions |  |  | Consolidated |  |  | Connectivity Solutions |  |  | Power Solutions and Protection |  |  | Magnetic Solutions |  |  | Consolidated |
By Geographic Region: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 30,144 |  |  | $ | 42,064 |  |  | $ | 11,338 |  |  | $ | 83,546 |  |  | $ | 92,868 |  |  | $ | 109,708 |  |  | $ | 28,009 |  |  | $ | 230,585 |
Europe |  |  | 7,916 |  |  |  | 9,679 |  |  |  | 2,635 |  |  |  | 20,230 |  |  |  | 22,220 |  |  |  | 29,306 |  |  |  | 6,126 |  |  |  | 57,652 |
Asia |  |  | 2,284 |  |  |  | 8,538 |  |  |  | 32,368 |  |  |  | 43,190 |  |  |  | 6,358 |  |  |  | 20,298 |  |  |  | 81,458 |  |  |  | 108,114 |
|  | $ | 40,344 |  |  | $ | 60,281 |  |  | $ | 46,341 |  |  | $ | 146,966 |  |  | $ | 121,446 |  |  | $ | 159,312 |  |  | $ | 115,593 |  |  | $ | 396,351 |
By Sales Channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct to customer |  | $ | 23,476 |  |  | $ | 36,154 |  |  | $ | 38,022 |  |  | $ | 97,652 |  |  | $ | 72,898 |  |  | $ | 96,759 |  |  | $ | 95,104 |  |  | $ | 264,761 |
Through distribution |  |  | 16,868 |  |  |  | 24,127 |  |  |  | 8,319 |  |  |  | 49,314 |  |  |  | 48,548 |  |  |  | 62,553 |  |  |  | 20,489 |  |  |  | 131,590 |
|  | $ | 40,344 |  |  | $ | 60,281 |  |  | $ | 46,341 |  |  | $ | 146,966 |  |  | $ | 121,446 |  |  | $ | 159,312 |  |  | $ | 115,593 |  |  | $ | 396,351 |
The balances of the Company’s contract assets and contract liabilities at September 30, 2022 and December 31, 2021 are as follows:
|  | September 30, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Contract assets - current (unbilled receivables) |  | $ | 28,592 |  |  | $ | 28,275 |
Contract liabilities - current (deferred revenue) |  | $ | 11,303 |  |  | $ | 2,224 |
The change in balance of our unbilled receivables from December 31, 2021 to September 30, 2022 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 increase in our deferred revenue balance from December 31, 2021 to September 30, 2022 primarily relates to customer prepayments on raw material surcharges and expedite fees, which will be recorded as revenue in the period in which the related finished goods are shipped to the customer. The aggregate amount of transaction price allocated to remaining performance obligations that have not been satisfied as of September 30, 2022 related to contracts that exceed one year in duration amounted to $94.5 million, with expected contract expiration dates that range from 2023 - 2026. It is expected that 57% of this aggregate amount will be recognized in 2023, 36% will be recognized in 2024 and the remainder will largely be recognized in 2025.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
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 https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration