NOTE B – REVENUE

Revenue recognition

Net sales include products and shipping and handling charges, net of estimates for product returns. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products. All revenue is recognized when the Company satisfies the performance obligations under the contract and control of the product is transferred to the customer, primarily based on shipping terms. Revenue for shipping and handling charges are recognized at the time the products are shipped to, delivered to or picked up by the customer. The Company estimates product returns based on historical return rates.

Disaggregated revenue

The Company’s revenues by segment and product type are as follows:


	Three Months Ended September 30, 2018
Product Type	PLP-USA			The Americas			EMEA			Asia-Pacific			Consolidated
Energy		60	%		51	%		63	%		68	%		61	%
Communications		33			44			25			4			26
Special Industries		7			5			12			28			13
Total		100	%		100	%		100	%		100	%		100	%


	Nine Months Ended September 30, 2018
Product Type	PLP-USA			The Americas			EMEA			Asia-Pacific			Consolidated
Energy		59	%		70	%		73	%		72	%		66	%
Communications		35			26			13			4			22
Special Industries		6			4			14			24			12
Total		100	%		100	%		100	%		100	%		100	%