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Revenue from Contracts with Customers
 9 Months Ended
Sep. 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 September 30, 2024Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$48,062 $7,063 $— $55,125 
General Industrial17,351 10,121 — 27,472 
Residential/Commercial Electrical— 20,301 — 20,301 
Other5,265 5,450 (26)10,689 
Total net sales$70,678 $42,935 $(26)$113,587 

Three Months Ended September 30, 2023Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$55,933 $8,641 $— $64,574 
General Industrial17,284 12,351 — 29,635 
Residential/Commercial Electrical— 17,802 — 17,802 
Other5,744 6,690 (2)12,432 
Total net sales$78,961 $45,484 $(2)$124,443 
Nine Months Ended September 30, 2024Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$147,254 $23,385 $— $170,639 
General Industrial53,598 36,928 — 90,526 
Residential/Commercial Electrical— 62,019 — 62,019 
Other15,741 18,992 (140)34,593 
Total net sales$216,593 $141,324 $(140)$357,777 

Nine Months Ended September 30, 2023Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$164,698 $26,559 $— $191,257 
General Industrial56,725 40,466 — 97,191 
Residential/Commercial Electrical— 49,995 — 49,995 
Other12,709 25,598 (13)38,294 
Total net sales$234,132 $142,618 $(13)$376,737 
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 September 30, 2024 and December 31, 2023, respectively. Revenue recognized for performance obligations satisfied or partially satisfied during the nine months ended September 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 September 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.