XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 3 - Revenue | 3 Months Ended
--- | ---
Mar. 31, 2023
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, 2023 |
|  | Connectivity Solutions |  |  | Power Solutions and Protection |  |  | Magnetic Solutions |  |  | Consolidated |
By Geographic Region: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 43,013 |  |  | $ | 62,800 |  |  | $ | 10,354 |  |  | $ | 116,167 |
Europe |  |  | 8,401 |  |  |  | 13,599 |  |  |  | 2,766 |  |  |  | 24,766 |
Asia |  |  | 1,982 |  |  |  | 6,782 |  |  |  | 22,647 |  |  |  | 31,411 |
|  | $ | 53,396 |  |  | $ | 83,181 |  |  | $ | 35,767 |  |  | $ | 172,344 |
By Sales Channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct to customer |  | $ | 33,725 |  |  | $ | 59,614 |  |  | $ | 27,411 |  |  | $ | 120,750 |
Through distribution |  |  | 19,671 |  |  |  | 23,567 |  |  |  | 8,356 |  |  |  | 51,594 |
|  | $ | 53,396 |  |  | $ | 83,181 |  |  | $ | 35,767 |  |  | $ | 172,344 |
|  | Three Months Ended March 31, 2022 |
|  | Connectivity Solutions |  |  | Power Solutions and Protection |  |  | Magnetic Solutions |  |  | Consolidated |
By Geographic Region: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 32,532 |  |  | $ | 42,349 |  |  | $ | 10,878 |  |  | $ | 85,759 |
Europe |  |  | 9,214 |  |  |  | 9,385 |  |  |  | 2,471 |  |  |  | 21,070 |
Asia |  |  | 1,967 |  |  |  | 7,056 |  |  |  | 20,866 |  |  |  | 29,889 |
|  | $ | 43,713 |  |  | $ | 58,790 |  |  | $ | 34,215 |  |  | $ | 136,718 |
By Sales Channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct to customer |  | $ | 26,053 |  |  | $ | 35,844 |  |  | $ | 25,738 |  |  | $ | 87,635 |
Through distribution |  |  | 17,660 |  |  |  | 22,946 |  |  |  | 8,477 |  |  |  | 49,083 |
|  | $ | 43,713 |  |  | $ | 58,790 |  |  | $ | 34,215 |  |  | $ | 136,718 |
The balances of the Company’s contract assets and contract liabilities at March 31, 2023 and December 31, 2022 are as follows:
|  | March 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Contract assets - current (unbilled receivables) |  | $ | 15,070 |  |  | $ | 18,244 |
Contract liabilities - current (deferred revenue) |  | $ | 7,145 |  |  | $ | 8,847 |
The change in balance of our unbilled receivables from December 31, 2022 to March 31, 2023 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). Our deferred revenue balance at December 31, 2022 and March 31, 2023 primarily relates to customer prepayments on invoices related to surcharges and expedite fees, which will be recorded as revenue in the period in which the related finished goods are shipped to the customer.

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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration