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Revenue
 12 Months Ended
Dec. 31, 2020
Revenue From Contract With Customer [Abstract]  
Revenue

Note L - 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:

 

 

 

Year Ended December 31, 2020

 

Product Type

 

PLP-USA

 

 

The Americas

 

 

EMEA

 

Asia-Pacific

 

Consolidated

 

Energy

 

 

62

%

 

 

78

%

 

 

57

%

 

70

%

 

66

%

Communications

 

 

32

%

 

 

17

%

 

 

36

%

 

4

%

 

24

%

Special Industries

 

 

6

%

 

 

5

%

 

 

7

%

 

26

%

 

10

%

Total

 

 

100

%

 

 

100

%

 

 

100

%

 

100

%

 

100

%

 

 

 

Year Ended December 31, 2019

 

Product Type

 

PLP-USA

 

 

The Americas

 

 

EMEA

 

Asia-Pacific

 

Consolidated

 

Energy

 

 

62

%

 

 

67

%

 

 

68

%

 

72

%

 

67

%

Communications

 

 

30

%

 

 

27

%

 

 

24

%

 

6

%

 

22

%

Special Industries

 

 

8

%

 

 

6

%

 

 

8

%

 

22

%

 

11

%

Total

 

 

100

%

 

 

100

%

 

 

100

%

 

100

%

 

100

%