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Note 16 - Segments
9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

16.

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 the aforementioned 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, 2023

 
  

Power Solutions

  

Connectivity

  

Magnetic

  

Corporate

     
  

and Protection

  

Solutions

  

Solutions

  

Segment

  

Total

 

Revenue

 $74,862  $51,771  $32,049  $-  $158,682 

Gross Profit

  31,206   18,510   7,051   (1,302)  55,465 

Gross Profit %

  41.7%  35.8%  22.0%  nm   35.0%

 

  

Three Months Ended September 30, 2022

 
  

Power Solutions

  

Connectivity

  

Magnetic

  

Corporate

     
  

and Protection

  

Solutions

  

Solutions

  

Segment

  

Total

 

Revenue

 $76,433  $50,253  $51,053  $-  $177,739 

Gross Profit

  24,801   13,099   15,501   (1,867)  51,534 

Gross Profit %

  32.4%  26.1%  30.4%  nm   29.0%

 

  

Nine Months Ended September 30, 2023

 
  

Power Solutions

  

Connectivity

  

Magnetic

  

Corporate

     
  

and Protection

  

Solutions

  

Solutions

  

Segment

  

Total

 

Revenue

 $245,134  $160,010  $94,659  $-  $499,803 

Gross Profit

  92,010   57,218   21,814   (6,376)  164,666 

Gross Profit %

  37.5%  35.8%  23.0%  nm   32.9%

 

  

Nine Months Ended September 30, 2022

 
  

Power Solutions

  

Connectivity

  

Magnetic

  

Corporate

     
  

and Protection

  

Solutions

  

Solutions

  

Segment

  

Total

 

Revenue

 $206,247  $140,062  $138,721  $-  $485,030 

Gross Profit

  60,775   37,414   37,476   (4,719)  130,946 

Gross Profit %

  29.5%  26.7%  27.0%  nm   27.0%