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Segment Information | 12 Months Ended
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Dec. 31, 2023
Segment Information [Abstract] |
Segment Information |
| 19. | Segment Information
The Company’s Chief Executive Officer, who is the chief operating decision maker (“CODM”), reviews financial information presented on a consolidated basis. There are no segment managers who are held accountable for operations, operating results and plans for levels or components below the consolidated unit level. The Company considers itself to be operating within one reportable segment. The following table summarizes net sales from external customers (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
United States |  | $ | 1,362,423 |  |  | $ | 1,553,389 |  |  | $ | 2,101,975 |
Canada |  |  | 114,948 |  |  |  | 138,123 |  |  |  | 211,778 |
Rest of world |  |  | 19,592 |  |  |  | 28,761 |  |  |  | 62,472 |
Total |  | $ | 1,496,963 |  |  | $ | 1,720,273 |  |  | $ | 2,376,225 |
The following table summarizes net sales by product category and revenue stream (in thousands):
|  | Year Ended December 31, |
Net Sales by Product Category |  | 2023 |  |  | 2022 |  |  | 2021 |
Components & Storage |  | $ | 910,772 |  |  | $ | 1,046,095 |  |  | $ | 1,346,053 |
Computer System |  |  | 327,263 |  |  |  | 345,949 |  |  |  | 644,923 |
Office Solutions |  |  | 80,767 |  |  |  | 96,679 |  |  |  | 155,526 |
Software & Services |  |  | 55,091 |  |  |  | 58,424 |  |  |  | 56,402 |
Electronics |  |  | 31,020 |  |  |  | 38,302 |  |  |  | 52,058 |
Others |  |  | 92,050 |  |  |  | 134,824 |  |  |  | 121,263 |
Total Net Sales |  | $ | 1,496,963 |  |  | $ | 1,720,273 |  |  | $ | 2,376,225 |
|  | Year Ended December 31, |
Net Sales by Revenue Stream |  | 2023 |  |  | 2022 |  |  | 2021 |
Direct sales revenues(1) |  | $ | 1,396,624 |  |  | $ | 1,607,027 |  |  | $ | 2,243,421 |
Marketplace revenues(2) |  |  | 32,330 |  |  |  | 47,005 |  |  |  | 63,492 |
Services revenues(3) |  |  | 68,009 |  |  |  | 66,241 |  |  |  | 69,312 |
Total Net Sales |  | $ | 1,496,963 |  |  | $ | 1,720,273 |  |  | $ | 2,376,225 |
| (1) | Includes all first-party product sales where Newegg owns and sells its own inventories within its websites and third-party marketplace platforms.
| (2) | Includes all the commission revenues earned from sales made by sellers on its websites.
| (3) | Includes all revenue recognized from providing services to customers, including third-party logistics services, advertising services, and all other third-party seller services.
The following table summarizes net property, plant and equipment by country (in thousands):
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
United States |  | $ | 40,063 |  |  | $ | 21,637 |
Canada |  |  | 76 |  |  |  | 94 |
Rest of world |  |  | 21,340 |  |  |  | 23,344 |
Total |  | $ | 61,479 |  |  | $ | 45,075 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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