Note 4 - Revenue

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

4. 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 September 30, 2023								Nine Months Ended September 30, 2023
	Power Solutions and Protection		Connectivity Solutions		Magnetic Solutions		Consolidated		Power Solutions and Protection		Connectivity Solutions		Magnetic Solutions		Consolidated
By Geographic Region:
North America	$	55,262	$	42,841	$	12,980	$	111,083	$	182,183	$	130,086	$	34,680	$	346,949
Europe		13,759		7,500		1,545		22,804		43,266		25,462		6,976		75,704
Asia		5,841		1,430		17,524		24,795		19,685		4,462		53,003		77,150
	$	74,862	$	51,771	$	32,049	$	158,682	$	245,134	$	160,010	$	94,659	$	499,803
By Sales Channel:
Direct to customer	$	52,507	$	31,369	$	25,021	$	108,897	$	174,143	$	101,063	$	70,700	$	345,906
Through distribution		22,355		20,402		7,028		49,785		70,991		58,947		23,959		153,897
	$	74,862	$	51,771	$	32,049	$	158,682	$	245,134	$	160,010	$	94,659	$	499,803

	Three Months Ended September 30, 2022								Nine Months Ended September 30, 2022
	Power Solutions and Protection		Connectivity Solutions		Magnetic Solutions		Consolidated		Power Solutions and Protection		Connectivity Solutions		Magnetic Solutions		Consolidated
By Geographic Region:
North America	$	60,267	$	37,877	$	13,490	$	111,634	$	155,022	$	105,189	$	38,616	$	298,827
Europe		8,779		9,327		2,535		20,641		29,264		26,895		8,128		64,287
Asia		7,387		3,049		35,028		45,464		21,961		7,978		91,977		121,916
	$	76,433	$	50,253	$	51,053	$	177,739	$	206,247	$	140,062	$	138,721	$	485,030
By Sales Channel:
Direct to customer	$	48,765	$	29,974	$	40,362	$	119,101	$	130,210	$	84,571	$	105,619	$	320,400
Through distribution		27,668		20,279		10,691		58,638		76,037		55,491		33,102		164,630
	$	76,433	$	50,253	$	51,053	$	177,739	$	206,247	$	140,062	$	138,721	$	485,030

The balances of the Company’s contract assets and contract liabilities at  September 30, 2023 and December 31, 2022 are as follows:

	September 30,		December 31,
	2023		2022
Contract assets - current (unbilled receivables)	$	16,654	$	18,244
Contract liabilities - current (deferred revenue)	$	2,940	$	8,847

The change in balance of our unbilled receivables from December 31, 2022 to September 30, 2023 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). Our deferred revenue balance at  December 31, 2022 and  September 30, 2023 primarily relates to customer prepayments on invoices related to surcharges and expedite fees, which will be recorded as revenue in the period in which the related finished goods are shipped to the customer.