Note 13 - Segments

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

13.  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 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 net sales and gross profit.  The following is a summary of key financial data:

	Year Ended December 31, 2021
	Connectivity			Power Solutions			Magnetic			Corporate
	Solutions			and Protection			Solutions			Segment			Total
Net sales	$	165,027		$	218,035		$	160,432		$	-		$	543,494
Gross Profit		43,501			58,823			34,106			(2,047	)		134,383
Gross Profit %		26.4	%		27.0	%		21.3	%		nm			24.7	%
Total Assets		147,813			206,719			104,845			52,469			511,846
Capital Expenditures		1,768			4,718			2,911			-			9,397
Depreciation and Amortization Expense		6,683			8,022			2,126			30			16,861

	Year Ended December 31, 2020
	Connectivity			Power Solutions			Magnetic			Corporate
	Solutions			and Protection			Solutions			Segment			Total
Net sales	$	150,731		$	181,488		$	133,552		$	-		$	465,771
Gross Profit		42,200			45,587			33,072			(1,129	)		119,730
Gross Profit %		28.0	%		25.1	%		24.8	%		nm			25.7	%
Total Assets		137,333			180,939			92,538			43,056			453,866
Capital Expenditures		1,955			2,458			1,063			-			5,476
Depreciation and Amortization Expense		5,700			8,611			2,112			-			16,423

Entity-Wide Information

The following is a summary of entity-wide information related to the Company's net sales to external customers by geographic area and by major product line.

	Years Ended December 31,
	2021		2020
Net Sales by Geographic Location:
United States	$	317,436	$	265,676
Macao		137,065		129,303
United Kingdom		20,000		22,017
Slovakia		19,407		17,609
Germany		17,856		13,582
India		12,430		-
Switzerland		8,315		8,612
All other foreign countries		10,985		8,972
Consolidated net sales	$	543,494	$	465,771
Net Sales by Major Product Line:
Connectivity solutions	$	165,027	$	150,731
Magnetic solutions		160,432		133,552
Power solutions and protection		218,035		181,488
Consolidated net sales	$	543,494	$	465,771

The following is a summary of long-lived assets by geographic area as of December 31, 2021 and 2020:

	December 31,
	2021		2020
Long-lived Assets by Geographic Location:
United States	$	30,438	$	26,748
People's Republic of China (PRC)		29,904		28,711
Slovakia		6,675		5,514
United Kingdom		1,264		1,715
All other foreign countries		1,190		1,235
Consolidated long-lived assets	$	69,471	$	63,923

Long-lived assets consist of property, plant and equipment, net and other assets of the Company that are identified with the operations of each geographic area.

The territory of Hong Kong became a Special Administrative Region ("SAR") of the PRC in the middle of 1997. The territory of Macao became a SAR of the PRC at the end of 1999. Management cannot presently predict what future impact this will have on the Company, if any, or how the political climate in the PRC will affect the Company's contractual arrangements in the PRC.  A significant portion of the Company's manufacturing operations and approximately 35.6% of its identifiable assets are located in Asia.

Net Sales to Major Customers

The Company had net sales to one customer in excess of ten percent of consolidated net sales in 2021 and 2020.  The net sales associated with this customer were $57.8 million (10.6% of sales) in 2021 and $55.2 million (11.9% of sales) in 2020. Net sales related to this significant customer were primarily reflected in the Magnetic Solutions operating segment.