Note 12 - Segment and Enterprise-wide Disclosures

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

12. Segment and Enterprise-wide Disclosures

The FASB establishes standards for reporting information regarding operating segments in financial statements. Operating segments are identified as components of an enterprise that engage in business activities for which separate, discrete financial information is available and is regularly reviewed by the chief operating decision-maker in making decisions on how to allocate resources and assess performance. We view our operations and manage our business as one operating segment. No discrete operating information is prepared by us except for sales by product line and operations by legal entity for local purposes.

Most of our revenues are generated in the United States, Germany, the UK and other European countries and Canada. Substantially all of our assets are located in the United States and Germany. Net sales to unaffiliated customers by country were as follows:

	Year ended December 31,
	2023		2022		2021
	(in thousands)
United States	$	117,811	$	99,463	$	93,866
Germany		13,420		11,223		12,968
Canada		10,786		8,336		7,054
United Kingdom		8,561		5,841		5,046
Other countries		42,906		36,788		35,490
Net sales	$	193,484	$	161,651	$	154,424

Long-term assets by country, including property and equipment, net and right-of-use leased assets were as follows:

	As of December 31,
	2023		2022
	(in thousands)
United States	$	34,729	$	29,042
Germany		2,350		2,462
Other countries		2,702		2,031
Total long-term assets	$	39,781	$	33,535