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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.