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Note 4 - Revenue | 6 Months Ended
--- | ---
Jun. 30, 2023
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] |
4. | 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 June 30, 2023 |  |  | Six Months Ended June 30, 2023 |
|  | Connectivity Solutions |  |  | Power Solutions and Protection |  |  | Magnetic Solutions |  |  | Consolidated |  |  | Connectivity Solutions |  |  | Power Solutions and Protection |  |  | Magnetic Solutions |  |  | Consolidated |
By Geographic Region: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 44,233 |  |  | $ | 64,121 |  |  | $ | 11,345 |  |  | $ | 119,699 |  |  | $ | 87,245 |  |  | $ | 126,921 |  |  | $ | 21,700 |  |  | $ | 235,866 |
Europe |  |  | 9,561 |  |  |  | 15,907 |  |  |  | 2,666 |  |  |  | 28,134 |  |  |  | 17,962 |  |  |  | 29,507 |  |  |  | 5,431 |  |  |  | 52,900 |
Asia |  |  | 1,049 |  |  |  | 7,063 |  |  |  | 12,832 |  |  |  | 20,944 |  |  |  | 3,032 |  |  |  | 13,844 |  |  |  | 35,479 |  |  |  | 52,355 |
|  | $ | 54,843 |  |  | $ | 87,091 |  |  | $ | 26,843 |  |  | $ | 168,777 |  |  | $ | 108,239 |  |  | $ | 170,272 |  |  | $ | 62,610 |  |  | $ | 341,121 |
By Sales Channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct to customer |  | $ | 35,970 |  |  | $ | 62,022 |  |  | $ | 18,268 |  |  | $ | 116,260 |  |  | $ | 69,694 |  |  | $ | 121,636 |  |  | $ | 45,679 |  |  | $ | 237,009 |
Through distribution |  |  | 18,873 |  |  |  | 25,069 |  |  |  | 8,575 |  |  |  | 52,517 |  |  |  | 38,545 |  |  |  | 48,636 |  |  |  | 16,931 |  |  |  | 104,112 |
|  | $ | 54,843 |  |  | $ | 87,091 |  |  | $ | 26,843 |  |  | $ | 168,777 |  |  | $ | 108,239 |  |  | $ | 170,272 |  |  | $ | 62,610 |  |  | $ | 341,121 |
|  | Three Months Ended June 30, 2022 |  |  | Six Months Ended June 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 |  | $ | 34,781 |  |  | $ | 52,407 |  |  | $ | 14,248 |  |  | $ | 101,436 |  |  | $ | 67,313 |  |  | $ | 94,755 |  |  | $ | 25,126 |  |  | $ | 187,194 |
Europe |  |  | 8,354 |  |  |  | 11,101 |  |  |  | 3,121 |  |  |  | 22,576 |  |  |  | 17,568 |  |  |  | 20,486 |  |  |  | 5,592 |  |  |  | 43,646 |
Asia |  |  | 2,961 |  |  |  | 7,518 |  |  |  | 36,081 |  |  |  | 46,560 |  |  |  | 4,928 |  |  |  | 14,574 |  |  |  | 56,948 |  |  |  | 76,450 |
|  | $ | 46,096 |  |  | $ | 71,026 |  |  | $ | 53,450 |  |  | $ | 170,572 |  |  | $ | 89,809 |  |  | $ | 129,815 |  |  | $ | 87,666 |  |  | $ | 307,290 |
By Sales Channel: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct to customer |  | $ | 28,544 |  |  | $ | 45,604 |  |  | $ | 39,515 |  |  | $ | 113,663 |  |  | $ | 54,597 |  |  | $ | 81,447 |  |  | $ | 65,254 |  |  | $ | 201,298 |
Through distribution |  |  | 17,552 |  |  |  | 25,422 |  |  |  | 13,935 |  |  |  | 56,909 |  |  |  | 35,212 |  |  |  | 48,368 |  |  |  | 22,412 |  |  |  | 105,992 |
|  | $ | 46,096 |  |  | $ | 71,026 |  |  | $ | 53,450 |  |  | $ | 170,572 |  |  | $ | 89,809 |  |  | $ | 129,815 |  |  | $ | 87,666 |  |  | $ | 307,290 |
The balances of the Company’s contract assets and contract liabilities at June 30, 2023 and December 31, 2022 are as follows:
|  | June 30, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Contract assets - current (unbilled receivables) |  | $ | 13,226 |  |  | $ | 18,244 |
Contract liabilities - current (deferred revenue) |  | $ | 3,542 |  |  | $ | 8,847 |
The change in balance of our unbilled receivables from December 31, 2022 to June 30, 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 June 30, 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.

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