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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