REVENUE (Tables)

3 Months Ended

Mar. 31, 2018

REVENUE [Abstract]

Disaggregation of Revenue

The following table provides information about disaggregated revenue by product group and sales channel, and includes a reconciliation of the disaggregated revenue to our reportable segments:

	Three Months Ended March 31, 2018
	North
	America		Asia		Europe		Consolidated
By Product Group:
Connectivity solutions	$	31,046	$	3,420	$	8,453	$	42,919
Magnetic solutions		8,051		27,825		2,352		38,228
Power solutions and protection		20,360		7,375		9,369		37,104
	$	59,457	$	38,620	$	20,174	$	118,251
By Sales Channel:
Direct to customer	$	37,897	$	32,927	$	14,193	$	85,017
Through distribution		21,560		5,693		5,981		33,234
	$	59,457	$	38,620	$	20,174	$	118,251

Cumulative Effect of Changes Made to Consolidated Balance Sheet

The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASC 606 were as follows:

	Balance at		Adjustments			Balance at
	December 31,		Due to			January 1,
	2017		ASC 606			2018
Balance Sheet
Unbilled receivables	$	-	$	14,536		$	14,536
Inventory		107,719		(11,044	)		96,675
Other current liabilities		6,204		43			6,247
Retained earnings		147,807		3,449			151,256

Impact of Adoption of Balance Sheet and Consolidated Statement of Operations

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our balance sheet as of March 31, 2018 and consolidated statement of operations for the period ended March 31, 2018 was as follows:

	As of March 31, 2018
			Balances		Effect of
	As		Without Adoption		Change
	Reported		of ASC 606		Higher/(Lower)
Balance Sheet
Assets
Unbilled receivables	$	13,643	$	-	$	13,643
Inventories		102,693		112,650		(9,957	)
Liabilities
Other current liabilities		7,664		7,553		111
Equity
Retained earnings		149,171		145,596		3,575

	Three Months Ended March 31, 2018
				Balances			Effect of
	As			Without Adoption			Change
	Reported			of ASC 606			Higher/(Lower)
Statement of Operations
Net sales	$	118,251		$	119,092		$	(841	)
Cost of sales		97,118			98,205			(1,087	)
Operating income		437			191			246
Provision for income taxes		325			260			65
Net earnings	$	(1,303	)	$	(1,484	)	$	181

Contract Assets and Contract Liabilities

The balances of the Company's contract assets and contract liabilities at March 31, 2018 are as follows:

	March 31,		January 1,
	2018		2018
Contract assets - current (unbilled receivable)	$	13,643	$	14,536
Contract liabilities - current (deferred revenue)	$	1,829	$	855