REVENUE (Tables)

12 Months Ended

Dec. 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:

	Year Ended December 31, 2018
	North
	America		Asia		Europe		Consolidated
By Product Group:
Connectivity solutions	$	135,454	$	17,140	$	34,130	$	186,724
Magnetic solutions		37,805		137,998		9,604		185,407
Power solutions and protection		98,432		32,065		45,556		176,053
	$	271,691	$	187,203	$	89,290	$	548,184
By Sales Channel:
Direct to customer	$	175,290	$	161,114	$	62,255	$	398,659
Through distribution		96,401		26,089		27,035		149,525
	$	271,691	$	187,203	$	89,290	$	548,184

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 December 31, 2018 and consolidated statement of operations for the year ended December 31, 2018 was as follows:

	As of December 31, 2018
			Balances		Effect of
	As		Without Adoption		Change
	Reported		of ASC 606		Higher/(Lower)
Balance Sheet
Assets
Unbilled receivables	$	15,799	$	-	$	15,799
Inventories		120,068		131,885		(11,817	)
Liabilities
Other current liabilities		15,061		15,041		20
Equity
Retained earnings		168,695		164,734		3,961

	Year Ended December 31, 2018
			Balances		Effect of
	As		Without Adoption		Change
	Reported		of ASC 606		Higher/(Lower)
Statement of Operations
Net sales	$	548,184	$	546,922	$	1,262
Cost of sales		438,414		437,641		773
Operating income		29,611		29,122		489
Provision for income taxes		2,907		2,930		(23	)
Net earnings		20,709		20,197		512

Contract Assets and Contract Liabilities

The balances of the Company's contract assets and contract liabilities at December 31, 2018 and January 1, 2018 are as follows:

	December 31,		January 1,
	2018		2018
Contract assets - current (unbilled receivable)	$	15,799	$	14,536
Contract liabilities - current (deferred revenue)	$	1,036	$	855

Deferred Revenue

A tabular presentation of the activity within the deferred revenue account for the year ended December 31, 2018 is presented below:

	Year Ended
	December 31, 2018
Balance, January 1	$	855
New advance payments received		6,517
Recognized as revenue during period		(6,322	)
Currency translation		(14	)
Balance, December 31	$	1,036