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Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Revenue is recognized when control of the good or service is transferred to the customer either at a point in time or, in limited circumstances, as our services are rendered over time. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or services.
The following tables summarize revenue by customer industry. Our products in the automotive industry include high-precision components and assemblies for electric power steering systems, electric braking, electric motors, fuel systems, emissions control, transmissions, moldings, stampings, sensors, and electrical contacts. Our products in the general industrial industry include high-precision metal and plastic components for a variety of industrial applications including diesel industrial motors, heating and cooling systems, fluid power systems, power tools, and more. While many of the industries we serve include electrical components, our products in the residential/commercial electrical industry category in the following tables include components used in smart meters, charging stations, circuit breakers, transformers, electrical contact assemblies, precision stampings, welded contact assemblies, specification plating, and surface finishing. The other category includes products sold in aerospace, defense, medical, and other industries.
Three Months Ended June 30, 2024Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$50,217 $8,066 $— $58,283 
General Industrial17,534 13,669 — 31,203 
Residential/Commercial Electrical— 21,486 — 21,486 
Other5,104 6,930 (14)12,020 
Total net sales$72,855 $50,151 $(14)$122,992 

Three Months Ended June 30, 2023Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$52,961 $9,115 $— $62,076 
General Industrial19,228 13,510 — 32,738 
Residential/Commercial Electrical— 17,608 — 17,608 
Other4,964 7,829 (9)12,784 
Total net sales$77,153 $48,062 $(9)$125,206 
Six Months Ended June 30, 2024Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$99,192 $16,322 $— $115,514 
General Industrial36,247 26,807 — 63,054 
Residential/Commercial Electrical— 41,718 — 41,718 
Other10,476 13,542 (114)23,904 
Total net sales$145,915 $98,389 $(114)$244,190 

Six Months Ended June 30, 2023Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$108,765 $17,918 $— $126,683 
General Industrial39,441 28,115 — 67,556 
Residential/Commercial Electrical— 32,193 — 32,193 
Other6,965 18,908 (11)25,862 
Total net sales$155,171 $97,134 $(11)$252,294 
Deferred Revenue
Deferred revenue relates to payments received in advance of performance under the contract and recognized as revenue as (or when) we perform under the contract. The balance of deferred revenue was $0.2 million and $0.4 million as of June 30, 2024 and December 31, 2023, respectively. Revenue recognized for performance obligations satisfied or partially satisfied during the six months ended June 30, 2024 included $0.4 million that was included in deferred revenue as of December 31, 2023.
Transaction Price Allocated to Future Performance Obligations
We are required to disclose the aggregate amount of transaction price that is allocated to performance obligations that have not yet been satisfied as of June 30, 2024, unless our contracts meet one of the practical expedients. Our contracts met the practical expedient for a performance obligation that is part of a contract that has an original expected duration of one year or less.