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Revenue | 9 Months Ended
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Sep. 30, 2021
Revenue From Contract With Customer [Abstract] |
Revenue | 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 September 30, 2021 |
Product Type |  | PLP-USA |  |  | The Americas |  |  | EMEA |  | Asia-Pacific |  | Consolidated |
Energy |  |  | 59 | % |  |  | 64 | % |  |  | 52 | % |  | 70 | % |  | 60 | %
Communications |  |  | 36 |  |  |  | 33 |  |  |  | 42 |  |  | 3 |  |  | 31 |
Special Industries |  |  | 5 |  |  |  | 3 |  |  |  | 6 |  |  | 27 |  |  | 9 |
Total |  |  | 100 | % |  |  | 100 | % |  |  | 100 | % |  | 100 | % |  | 100 | %
|  | Three Months Ended September 30, 2020 |
Product Type |  | PLP-USA |  |  | The Americas |  |  | EMEA |  | Asia-Pacific |  | Consolidated |
Energy |  |  | 60 | % |  |  | 80 | % |  |  | 59 | % |  | 60 | % |  | 63 | %
Communications |  |  | 34 |  |  |  | 16 |  |  |  | 35 |  |  | 4 |  |  | 25 |
Special Industries |  |  | 6 |  |  |  | 4 |  |  |  | 6 |  |  | 36 |  |  | 12 |
Total |  |  | 100 | % |  |  | 100 | % |  |  | 100 | % |  | 100 | % |  | 100 | %
|  | Nine Months Ended September 30, 2021 |
Product Type |  | PLP-USA |  |  | The Americas |  |  | EMEA |  | Asia-Pacific |  | Consolidated |
Energy |  |  | 59 | % |  |  | 68 | % |  |  | 54 | % |  | 70 | % |  | 61 | %
Communications |  |  | 36 |  |  |  | 28 |  |  |  | 40 |  |  | 3 |  |  | 30 |
Special Industries |  |  | 5 |  |  |  | 4 |  |  |  | 6 |  |  | 27 |  |  | 9 |
Total |  |  | 100 | % |  |  | 100 | % |  |  | 100 | % |  | 100 | % |  | 100 | %
|  | Nine Months Ended September 30, 2020 |
Product Type |  | PLP-USA |  |  | The Americas |  |  | EMEA |  | Asia-Pacific |  | Consolidated |
Energy |  |  | 63 | % |  |  | 78 | % |  |  | 58 | % |  | 69 | % |  | 66 | %
Communications |  |  | 31 |  |  |  | 17 |  |  |  | 35 |  |  | 4 |  |  | 24 |
Special Industries |  |  | 6 |  |  |  | 5 |  |  |  | 7 |  |  | 27 |  |  | 10 |
Total |  |  | 100 | % |  |  | 100 | % |  |  | 100 | % |  | 100 | % |  | 100 | %
Credit losses for receivables The Company maintains an allowance for credit losses for estimated losses resulting from the inability of its customers to make required payments. The Company uses a current expected credit loss model in order to immediately recognize an estimate of credit losses that are expected to occur over the life of the financial instruments, mainly trade receivables. Additionally, the allowance is based upon identified delinquent accounts, customer payment patterns and other analyses of historical data trends. Receivable balances are written off against an allowance for credit losses after a final determination has been made. Accounts receivable are net of an allowance for credit losses of $3,758 and $3,464 at September 30, 2021 and December 31, 2020, respectively. The change in the allowance for credit losses includes expense and net write-offs, none of which are significant.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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