Note 3 - Revenue

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

3. REVENUE

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

	Three Months Ended June 30, 2021								Six Months Ended June 30, 2021
	Cinch Connectivity Solutions		Power Solutions and Protection		Magnetic Solutions		Consolidated		Cinch Connectivity Solutions		Power Solutions and Protection		Magnetic Solutions		Consolidated
By Geographic Region:
North America	$	33,182	$	37,867	$	9,594	$	80,643	$	62,724	$	67,644	$	16,671	$	147,039
Europe		7,557		9,668		2,242		19,467		14,304		19,627		3,491		37,422
Asia		2,307		7,855		28,469		38,631		4,074		11,760		49,090		64,924
	$	43,046	$	55,390	$	40,305	$	138,741	$	81,102	$	99,031	$	69,252	$	249,385
By Sales Channel:
Direct to customer	$	25,785	$	34,116	$	32,746	$	92,647	$	49,422	$	60,605	$	57,082	$	167,109
Through distribution		17,261		21,274		7,559		46,094		31,680		38,426		12,170		82,276
	$	43,046	$	55,390	$	40,305	$	138,741	$	81,102	$	99,031	$	69,252	$	249,385

	Three Months Ended June 30, 2020								Six Months Ended June 30, 2020
	Cinch Connectivity Solutions		Power Solutions and Protection		Magnetic Solutions		Consolidated		Cinch Connectivity Solutions		Power Solutions and Protection		Magnetic Solutions		Consolidated
By Geographic Region:
North America	$	27,608	$	29,029	$	7,097	$	63,734	$	57,310	$	51,752	$	14,204	$	123,266
Europe		8,356		8,965		1,717		19,038		16,118		18,279		2,918		37,315
Asia		2,944		7,118		28,338		38,400		4,579		11,258		48,731		64,568
	$	38,908	$	45,112	$	37,152	$	121,172	$	78,007	$	81,289	$	65,853	$	225,149
By Sales Channel:
Direct to customer	$	23,600	$	26,894	$	31,021	$	81,515	$	48,652	$	48,471	$	55,363	$	152,486
Through distribution		15,308		18,218		6,131		39,657		29,355		32,818		10,490		72,663
	$	38,908	$	45,112	$	37,152	$	121,172	$	78,007	$	81,289	$	65,853	$	225,149

The balances of the Company’s contract assets and contract liabilities at  June 30, 2021 and December 31, 2020 are as follows:

	June 30,		December 31,
	2021		2020
Contract assets - current (unbilled receivables)	$	18,277	$	14,135
Contract liabilities - current (deferred revenue)	$	1,176	$	2,077

The change in balance of our unbilled receivables from December 31, 2020 to June 30, 2021 primarily relates to a timing difference between the Company’s performance (i.e. when our product is shipped to a customer-controlled hub) and the point at which the Company can invoice the customer per the terms of the customer contract (i.e. when the customer pulls our product from the customer-controlled hub).

The aggregate amount of transaction price allocated to remaining performance obligations that have not been satisfied as of June 30, 2021 related to contracts that exceed one year in duration amounted to $18.3 million, with expected contract expiration dates that range from 2022 - 2025. It is expected that 64% of this aggregate amount will be recognized in 2022, 23% will be recognized in 2023 and the remainder will be recognized in years beyond 2023.