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Note 14 - Segments
9 Months Ended
Sep. 30, 2021
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

14.

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 Cinch Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions and a 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, 2021

 
   

Cinch Connectivity

   

Power Solutions

   

Magnetic

   

Corporate

         
   

Solutions

   

and Protection

   

Solutions

   

Segment

   

Total

 

Revenue

  $ 40,344     $ 60,281     $ 46,341     $ -     $ 146,966  

Gross Profit

    10,003       15,762       10,722       (513 )     35,974  

Gross Profit %

    24.8 %     26.1 %     23.1 %     nm       24.5 %

 

   

Three Months Ended September 30, 2020

 
   

Cinch Connectivity

   

Power Solutions

   

Magnetic

   

Corporate

         
   

Solutions

   

and Protection

   

Solutions

   

Segment

   

Total

 

Revenue

  $ 38,535     $ 47,793     $ 38,164     $ -     $ 124,492  

Gross Profit

    11,219       11,552       10,793       (255 )     33,309  

Gross Profit %

    29.1 %     24.2 %     28.3 %     nm       26.8 %

 

   

Nine Months Ended September 30, 2021

 
   

Cinch Connectivity

   

Power Solutions

   

Magnetic

   

Corporate

         
   

Solutions

   

and Protection

   

Solutions

   

Segment

   

Total

 

Revenue

  $ 121,446     $ 159,312     $ 115,593     $ -     $ 396,351  

Gross Profit

    32,826       40,917       24,026       (2,652 )     95,117  

Gross Profit %

    27.0 %     25.7 %     20.8 %     nm       24.0 %

 

   

Nine Months Ended September 30, 2020

 
   

Cinch Connectivity

   

Power Solutions

   

Magnetic

   

Corporate

         
   

Solutions

   

and Protection

   

Solutions

   

Segment

   

Total

 

Revenue

  $ 116,543     $ 129,082     $ 104,017     $ -     $ 349,642  

Gross Profit

    33,950       31,085       26,198       (877 )     90,356  

Gross Profit %

    29.1 %     24.1 %     25.2 %     nm       25.8 %