NOTE B – REVENUE

Revenue recognition

Net sales include products and shipping and handling charges, net of estimates for product returns. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products. All revenue is recognized when the Company satisfies the performance obligations under the contract and control of the product is transferred to the customer, primarily based on shipping terms. Revenue for shipping and handling charges are recognized at the time the products are shipped to, delivered to or picked up by the customer. The Company estimates product returns based on historical return rates.

Disaggregated revenue

The Company’s revenues by segment and product type are as follows:


	Three Months Ended March 31, 2018
Product Type	PLP-USA		The Americas		EMEA		Asia-Pacific		Consolidated
Formed wire and hardware related products		22,137		14,989		11,282		17,602	$	66,010
Protective closures		11,697		3,539		1,158		1,219		17,613
Plastic products		2,196		397		605		544		3,742
Other products		3,413		621		2,036		4,704		10,774
Total	$	39,443	$	19,546	$	15,081	$	24,069	$	98,139