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Note 16 - Segments

6 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

16. 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 Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions and the aforementioned 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 June 30, 2023
		Connectivity				Power Solutions				Magnetic				Corporate
		Solutions				and Protection				Solutions				Segment				Total
Revenue		$	54,843			$	87,091			$	26,843			$	-			$	168,777
Gross Profit			20,512				31,124				6,595				(2,694	)			55,537
Gross Profit %			37.4	%			35.7	%			24.6	%			nm				32.9	%

		Three Months Ended June 30, 2022
		Connectivity				Power Solutions				Magnetic				Corporate
		Solutions				and Protection				Solutions				Segment				Total
Revenue		$	46,096			$	71,026			$	53,450			$	-			$	170,572
Gross Profit			12,718				20,036				15,085				(2,387	)			45,452
Gross Profit %			27.6	%			28.2	%			28.2	%			nm				26.6	%

		Six Months Ended June 30, 2023
		Connectivity				Power Solutions				Magnetic				Corporate
		Solutions				and Protection				Solutions				Segment				Total
Revenue		$	108,239			$	170,272			$	62,610			$	-			$	341,121
Gross Profit			38,708				60,804				14,763				(5,074	)			109,201
Gross Profit %			35.8	%			35.7	%			23.6	%			nm				32.0	%

		Six Months Ended June 30, 2022
		Connectivity				Power Solutions				Magnetic				Corporate
		Solutions				and Protection				Solutions				Segment				Total
Revenue		$	89,809			$	129,815			$	87,666			$	-			$	307,290
Gross Profit			24,315				35,974				21,975				(2,853	)			79,411
Gross Profit %			27.1	%			27.7	%			25.1	%			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

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-Topic 280
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