XML 34 R23.htm IDEA: XBRL DOCUMENT v3.20.2
Note 14 - Segments
9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

14.

SEGMENTS

 

The Company operates in one industry with three reportable operating segments, which represent the Company's three product groups and a corporate segment.  The segments consist of Cinch Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions and a Corporate segment.  The primary criteria by which financial performance is evaluated and resources are allocated are revenue and gross profit.  The following is a summary of key financial data:

 

 

  

Three Months Ended September 30, 2020

 
  

Cinch Connectivity

  

Power Solutions

  

Magnetic

  

Corporate

     
  

Solutions

  

and Protection

  

Solutions

  

Segment

  

Total

 

Revenue

 $38,535  $47,793  $38,164  $-  $124,492 

Gross Profit

  11,219   11,552   10,793   (30)  33,534 

Gross Profit %

  29.1%  24.2%  28.3%  nm   26.9%

 

 

  

Three Months Ended September 30, 2019

 
  

Cinch Connectivity

  

Power Solutions

  

Magnetic

  

Corporate

     
  

Solutions

  

and Protection

  

Solutions

  

Segment

  

Total

 

Revenue

 $44,531  $40,289  $39,659  $-  $124,479 
Gross Profit  11,893   6,797   10,245   (315)  28,620 

Gross Profit %

  26.7%  16.9%  25.8%  nm   23.0%

 

 

  

Nine Months Ended September 30, 2020

 
  

Cinch Connectivity

  

Power Solutions

  

Magnetic

  

Corporate

     
  

Solutions

  

and Protection

  

Solutions

  

Segment

  

Total

 

Revenue

 $116,543  $129,082  $104,017  $-  $349,642 

Gross Profit

  33,950   31,085   26,198   (818)  90,415 

Gross Profit %

  29.1%  24.1%  25.2%  nm   25.9%

 

 

  

Nine Months Ended September 30, 2019

 
  

Cinch Connectivity

  

Power Solutions

  

Magnetic

  

Corporate

     
  

Solutions

  

and Protection

  

Solutions

  

Segment

  

Total

 

Revenue

 $131,354  $127,325  $118,605  $-  $377,284 

Gross Profit

  34,416   25,641   26,890   (847)  86,100 

Gross Profit %

  26.2%  20.1%  22.7%  nm   22.8%