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Note 16 - Segments | 3 Months Ended
--- | ---
Mar. 31, 2025
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, consisting of Power Solutions and Protection, Connectivity Solutions and Magnetic Solutions. 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 March 31, 2025 |
|  | Power Solutions |  |  | Connectivity |  |  | Magnetic |  |  |  |  |  |  |  |
|  | and Protection |  |  | Solutions |  |  | Solutions |  |  | Corporate/Other |  |  | Total |
Net sales |  | $ | 83,054 |  |  | $ | 50,730 |  |  | $ | 18,454 |  |  | $ | - |  |  | $ | 152,238 |
Cost of sales |  |  | 47,712 |  |  |  | 31,521 |  |  |  | 13,897 |  |  |  | 289 |  |  |  | 93,419 |
Gross profit |  |  | 35,342 |  |  |  | 19,209 |  |  |  | 4,557 |  |  |  | (289 | ) |  |  | 58,819 |
Gross profit % |  |  | 42.6 | % |  |  | 37.9 | % |  |  | 24.7 | % |  |  | nm |  |  |  | 38.6 | %
Research and development costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,222 |
Selling, general and administrative expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 29,507 |
Restructuring charges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,933 | )
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,152 |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (275 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,639 | )
Earnings before provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 23,785 |
Other Segment Disclosures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Assets |  | $ | 643,116 |  |  | $ | 178,115 |  |  | $ | 56,351 |  |  | $ | 62,874 |  |  | $ | 940,456 |
Capital Expenditures |  |  | 1,380 |  |  |  | 1,283 |  |  |  | 122 |  |  |  | 5 |  |  |  | 2,790 |
Depreciation and Amortization Expense |  |  | 4,525 |  |  |  | 1,765 |  |  |  | 255 |  |  |  | 139 |  |  |  | 6,684 |
Interest Expense |  |  | 116 |  |  |  | - |  |  |  | - |  |  |  | 4,036 |  |  |  | 4,152 |
|  | Three Months Ended March 31, 2024 |
|  | Power Solutions |  |  | Connectivity |  |  | Magnetic |  |  |  |  |  |  |  |
|  | and Protection |  |  | Solutions |  |  | Solutions |  |  | Corporate/Other |  |  | Total |
Net sales |  | $ | 60,247 |  |  | $ | 54,285 |  |  | $ | 13,558 |  |  | $ | - |  |  | $ | 128,090 |
Cost of sales |  |  | 33,731 |  |  |  | 34,668 |  |  |  | 11,384 |  |  |  | 229 |  |  |  | 80,012 |
Gross profit |  |  | 26,516 |  |  |  | 19,617 |  |  |  | 2,174 |  |  |  | (229 | ) |  |  | 48,078 |
Gross profit % |  |  | 44.0 | % |  |  | 36.1 | % |  |  | 16.0 | % |  |  | nm |  |  |  | 37.5 | %
Research and development costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,215 |
Selling, general and administrative expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 24,944 |
Restructuring charges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 65 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 434 |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,115 | )
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,817 | )
Earnings before provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 20,352 |
Other Segment Disclosures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Assets |  | $ | 196,960 |  |  | $ | 205,927 |  |  | $ | 57,148 |  |  | $ | 95,302 |  |  | $ | 555,337 |
Capital Expenditures |  |  | 754 |  |  |  | 2,038 |  |  |  | 136 |  |  |  | 1 |  |  |  | 2,929 |
Depreciation and Amortization Expense |  |  | 1,686 |  |  |  | 1,668 |  |  |  | 208 |  |  |  | 122 |  |  |  | 3,684 |
Interest Expense |  |  | 147 |  |  |  | 32 |  |  |  | - |  |  |  | 255 |  |  |  | 434 |

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- Definition The entire disclosure for reporting segments including data and tables. 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