XML 28 R18.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Note 12 - Segment Data
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

(12)

Segment Data

 

The Company consists of a single operating and reportable segment.   

 

Revenues shipped to customers outside of the United States comprised approximately 18.8% and 18.6% of the Company’s consolidated revenues for the three-and-six-month periods ended June 30, 2024, respectively. Revenues shipped to customers outside of the United States comprised approximately 18.5% and 17.6% of the Company’s consolidated revenues for the three-and-six-month periods ended June 30, 2023, respectively.  One customer comprised approximately 33.9% and 33.1% of the Company’s consolidated revenues for the three-and-six-month periods ended June 30, 2024, respectively. One customer comprised approximately 24.7% and 22.7% of the Company’s consolidated revenues for the three-and-six-month periods ended June 30, 2023, respectively. On June 30, 2024, one customer represented approximately 13.3% of gross accounts receivable. On December 31, 2023, two customers represented approximately 16.5% and 12.2%, respectively, of gross accounts receivable. Approximately 18.4% of all long-lived assets are located outside of the United States.

 

 

The Company’s products are primarily sold to customers within the Medical, Aerospace & Defense, Automotive, and Industrial/Other markets. Sales by market for the three and six months ended June 30, 2024 and 2023 are as follows (in thousands):

 

   

Three Months Ended June 30,

    

Six Months Ended June 30,

  
   

2024

    

2023

    

2024

    

2023

  

Market

  

Net Sales

    

%

    

Net Sales

    

%

    

Net Sales

    

%

    

Net Sales

    

%

  
                                                                 

Medical

   $ 95,419       86.6 %   $ 86,150       86.1 %   $ 185,456       86.2 %   $ 169,965       85.9 %

Aerospace & Defense

     5,820       5.3 %     4,234       4.2 %     11,958       5.5 %     8,451       4.3 %

Industrial / Other

     4,961       4.5 %     5,557       5.6 %     9,846       4.6 %     10,931       5.5 %

Automotive

     3,977       3.6 %     4,096       4.1 %     7,926       3.7 %     8,443       4.3 %

Net Sales

   $ 110,177       100.0 %   $ 100,037       100.0 %   $ 215,186       100.0 %   $ 197,790       100.0 %