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Note 19 - Segment Reporting
 12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

(19)

Segment Data

 

The Company consists of a single operating and reportable segment.

 

Revenues shipped to customers outside of the United States comprised approximately 16% of the Company’s consolidated revenues for the year ended December 31, 2022. One customer comprised approximately 21% of the Company’s consolidated revenues for the year ended December 31, 2022. No customer comprised more than 10% of the Company’s consolidated revenues for the years ended December 31, 2021 and 2020. One customer represented approximately 10% of gross accounts receivable for both years ended December 31, 2022 and 2021. Approximately 17% of all long-lived assets are located outside of the United States.

 

The Company’s custom products are primarily sold to customers within the Medical, Automotive, Consumer, Aerospace & Defense, Industrial, and Electronics markets. Sales by market for the years ended December 31, 2022, 2021, and 2020 as follows (in thousands):

 

  

2022

  

2021

  

2020

 

Market

 

Net Sales

  

%

  

Net Sales

  

%

  

Net Sales

  

%

 
                         

Medical

 $286,180   80.9% $132,505   64.2% $120,258   67.2%

Automotive

  17,487   4.9%  15,596   7.6%  14,607   8.1%

Consumer

  17,255   4.9%  26,048   12.6%  18,316   10.2%

Aerospace & Defense

  15,328   4.3%  16,380   7.9%  12,810   7.1%

Industrial

  10,322   2.9%  8,413   4.1%  7,622   4.2%

Electronics

  7,220   2.1%  7,378   3.6%  5,760   3.2%

Net Sales

 $353,792   100.0% $206,320   100.0% $179,373   100.0%

 

Certain amounts for the year ended December 31, 2021 were reclassified between markets to conform to the current year presentation.