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Note 2 - Revenue
 9 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]
2.
REVENUE
 
The following table provides information about disaggregated revenue by product group and sales channel, and includes a reconciliation of the disaggregated revenue to our reportable segments:
 
   
Three Months Ended September 30, 2019
    
Nine Months Ended September 30, 2019
  
   
North
      
 
 
    
 
 
    
 
 
  
North
      
 
 
    
 
 
    
 
 
   
America
    
Asia
    
Europe
    
Consolidated
    
America
    
Asia
    
Europe
    
Consolidated
  
                                                                 
By Product Group:
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
Connectivity solutions
   $
33,929
     $
2,510
     $
8,092
     $
44,531
     $
97,273
     $
9,012
     $
25,069
     $
131,354
  
Magnetic solutions
    
8,241
      
29,576
      
1,842
      
39,659
      
26,662
      
85,834
      
6,109
      
118,605
  
Power solutions and protection
    
23,608
      
7,868
      
8,813
      
40,289
      
73,495
      
21,709
      
32,121
      
127,325
  
    $
65,778
     $
39,954
     $
18,747
     $
124,479
     $
197,430
     $
116,555
     $
63,299
     $
377,284
  
                                                                 
By Sales Channel:
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
Direct to customer
   $
44,110
     $
34,837
     $
12,397
     $
91,344
     $
133,432
     $
98,672
     $
41,903
     $
274,007
  
Through distribution
    
21,668
      
5,117
      
6,350
      
33,135
      
63,998
      
17,883
      
21,396
      
103,277
  
    $
65,778
     $
39,954
     $
18,747
     $
124,479
     $
197,430
     $
116,555
     $
63,299
     $
377,284
  
 
 
   
Three Months Ended September 30, 2018
    
Nine Months Ended September 30, 2018
  
   
North
      
 
 
    
 
 
    
 
 
  
North
      
 
 
    
 
 
    
 
 
   
America
    
Asia
    
Europe
    
Consolidated
    
America
    
Asia
    
Europe
    
Consolidated
  
                                                                 
By Product Group:
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
Connectivity solutions
   $
34,919
     $
5,293
     $
8,314
     $
48,526
     $
100,797
     $
13,533
     $
26,043
     $
140,373
  
Magnetic solutions
    
10,586
      
40,100
      
2,286
      
52,972
      
28,795
      
100,769
      
7,184
      
136,748
  
Power solutions and protection
    
25,149
      
8,135
      
11,707
      
44,991
      
71,759
      
23,760
      
32,811
      
128,330
  
    $
70,654
     $
53,528
     $
22,307
     $
146,489
     $
201,351
     $
138,062
     $
66,038
     $
405,451
  
                                                                 
By Sales Channel:
      
 
      
 
      
 
      
 
      
 
      
 
      
 
      
 
Direct to customer
   $
46,802
     $
46,965
     $
15,184
     $
108,951
     $
128,754
     $
119,294
     $
45,368
     $
293,416
  
Through distribution
    
23,852
      
6,563
      
7,123
      
37,538
      
72,597
      
18,768
      
20,670
      
112,035
  
    $
70,654
     $
53,528
     $
22,307
     $
146,489
     $
201,351
     $
138,062
     $
66,038
     $
405,451
  
 
 

The balances of the Company’s contract assets and contract liabilities at 
September 30, 2019
and
December 31, 2018
are as follows:
 
   
September 30,
    
December 31,
  
   
2019
    
2018
  
                 
Contract assets - current (unbilled receivable)
   $
14,868
     $
15,799
  
Contract liabilities - current (deferred revenue)
   $
1,004
     $
1,036
  
 
 
The change in balance of our unbilled receivables from
December 31, 2018
to
September 30, 2019
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).
 
The aggregate amount of transaction price allocated to remaining performance obligations that have
not
been satisfied as of
September 30, 2019
related to contracts that exceed
one
year in duration amounted to
$15.7
million, with expected contract expiration dates that range from
2020
-
2025
.
It is expected that
20%
of this aggregate amount will be recognized in
2020,
57%
will be recognized in
2021
and the remainder will be recognized in years beyond
2021
.