XML 28 R17.htm IDEA: XBRL DOCUMENT v3.23.3
Revenue from Contracts with Customers
 9 Months Ended
Sep. 30, 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 September 30, 2023Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
United States and Puerto Rico$37,048 $36,433 $(2)$73,479 
China12,414 1,671 — 14,085 
Brazil13,936 215 — 14,151 
Mexico3,221 3,204 — 6,425 
Germany2,139 98 — 2,237 
Poland1,397 2 — 1,399 
Other8,806 3,861 — 12,667 
Total net sales$78,961 $45,484 $(2)$124,443 

Three Months Ended September 30, 2022Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
United States and Puerto Rico$35,419 $39,579 $51 $75,049 
China12,839 1,378 — 14,217 
Brazil14,109 137 — 14,246 
Mexico5,185 4,769 — 9,954 
Germany1,432 84 — 1,516 
Poland1,100 2 — 1,102 
Other6,038 5,175 — 11,213 
Total net sales$76,122 $51,124 $51 $127,297 
Nine Months Ended September 30, 2023Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
United States and Puerto Rico$112,850 $115,571 $(13)$228,408 
China37,714 4,480 — 42,194 
Brazil37,372 479 — 37,851 
Mexico11,106 9,892 — 20,998 
Germany5,617 329 — 5,946 
Poland5,025 11 — 5,036 
Other24,448 11,856 — 36,304 
Total net sales$234,132 $142,618 $(13)$376,737 

Nine Months Ended September 30, 2022Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
United States and Puerto Rico$109,183 $120,442 $— $229,625 
China34,155 3,855 — 38,010 
Brazil36,122 794 — 36,916 
Mexico18,336 13,868 — 32,204 
Germany3,836 219 — 4,055 
Poland3,598 7 — 3,605 
Other20,312 15,999 — 36,311 
Total net sales$225,542 $155,184 $— $380,726 
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.
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 

Three Months Ended September 30, 2022Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$51,388 $10,822 $— $62,210 
General Industrial19,546 14,751 — 34,297 
Residential/Commercial Electrical— 17,025 — 17,025 
Other5,188 8,526 51 13,765 
Total net sales$76,122 $51,124 $51 $127,297 
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 

Nine Months Ended September 30, 2022Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$150,834 $30,628 $— $181,462 
General Industrial61,883 47,726 — 109,609 
Residential/Commercial Electrical— 52,981 — 52,981 
Other12,825 23,849 — 36,674 
Total net sales$225,542 $155,184 $— $380,726 
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 $1.1 million and $0.7 million as of September 30, 2023 and December 31, 2022, respectively. Revenue recognized for performance obligations satisfied or partially satisfied during the nine months ended September 30, 2023 included $0.7 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 September 30, 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.