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Revenue from Contracts with Customers
3 Months Ended
Mar. 31, 2023
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 geographical region.
Three Months Ended March 31, 2023Mobile
Solutions
Power
Solutions
Intersegment
Sales
Eliminations
Total
United States and Puerto Rico$37,206 $40,222 $(2)$77,426 
China13,812 749 — 14,561 
Brazil11,611 110 — 11,721 
Mexico4,279 3,488 — 7,767 
Germany1,732 74 — 1,806 
Poland1,856 — 1,861 
Other7,522 4,424 — 11,946 
Total net sales$78,018 $49,072 $(2)$127,088 
Three Months Ended March 31, 2022Mobile
Solutions
Power
Solutions
Intersegment
Sales
Eliminations
Total
United States and Puerto Rico$37,810 $40,486 $(14)$78,282 
China12,552 1,244 — 13,796 
Brazil10,720 345 — 11,065 
Mexico5,064 4,741 — 9,805 
Germany1,283 62 — 1,345 
Poland1,340 — 1,344 
Other7,301 5,129 — 12,430 
Total net sales$76,070 $52,011 $(14)$128,067 
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, and specification plating and surface finishing.
Three Months Ended March 31, 2023Mobile
Solutions
Power
Solutions
Intersegment
Sales
Eliminations
Total
Automotive$55,804 $8,803 $— $64,607 
General Industrial20,213 14,605 — 34,818 
Residential/Commercial Electrical— 14,585 — 14,585 
Other2,001 11,079 (2)13,078 
Total net sales$78,018 $49,072 $(2)$127,088 

Three Months Ended March 31, 2022Mobile
Solutions
Power
Solutions
Intersegment
Sales
Eliminations
Total
Automotive$50,596 $10,078 $— $60,674 
General Industrial21,805 16,335 — 38,140 
Residential/Commercial Electrical— 17,199 — 17,199 
Other3,669 8,399 (14)12,054 
Total net sales$76,070 $52,011 $(14)$128,067 
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 $1.2 million and $0.7 million as of March 31, 2023 and December 31, 2022, respectively. Revenue recognized for performance obligations satisfied or partially satisfied during the three months ended March 31, 2023 included $0.3 million that was included in deferred revenue as of December 31, 2022.
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 March 31, 2023, 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.