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Note 14 - Segments
6 Months Ended
Jun. 30, 2021
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 June 30, 2021

 
  

Cinch Connectivity

  

Power Solutions

  

Magnetic

  

Corporate

     
  

Solutions

  

and Protection

  

Solutions

  

Segment

  

Total

 

Revenue

 $43,046  $55,390  $40,305  $-  $138,741 

Gross Profit

  13,050   14,373   9,343   (2,562)  34,204 

Gross Profit %

  30.3%  25.9%  23.2%  nm   24.7%

 

  

Three Months Ended June 30, 2020

 
  

Cinch Connectivity

  

Power Solutions

  

Magnetic

  

Corporate

     
  

Solutions

  

and Protection

  

Solutions

  

Segment

  

Total

 

Revenue

 $38,908  $45,112  $37,152  $-  $121,172 

Gross Profit

  11,531   10,615   9,445   (301)  31,290 

Gross Profit %

  29.6%  23.5%  25.4%  nm   25.8%

 

  

Six Months Ended June 30, 2021

 
  

Cinch Connectivity

  

Power Solutions

  

Magnetic

  

Corporate

     
  

Solutions

  

and Protection

  

Solutions

  

Segment

  

Total

 

Revenue

 $81,102  $99,031  $69,252  $-  $249,385 

Gross Profit

  22,823   25,155   13,304   (2,138)  59,144 

Gross Profit %

  28.1%  25.4%  19.2%  nm   23.7%

 

  

Six Months Ended June 30, 2020

 
  

Cinch Connectivity

  

Power Solutions

  

Magnetic

  

Corporate

     
  

Solutions

  

and Protection

  

Solutions

  

Segment

  

Total

 

Revenue

 $78,007  $81,289  $65,853  $-  $225,149 

Gross Profit

  22,698   19,523   15,438   (614)  57,045 

Gross Profit %

  29.1%  24.0%  23.4%  nm   25.3%