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Revenue from Contracts with Customers
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contract 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. During the year ended December 31, 2022, we received equipment from a customer as part of the selling price of goods transferred. This noncash consideration was recognized as revenue equal to the fair value of the equipment received.
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.
Year Ended December 31, 2023Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$212,582 $34,959 $— $247,541 
General Industrial73,350 52,276 — 125,626 
Residential/Commercial Electrical— 67,546 — 67,546 
Other17,403 31,167 (13)48,557 
Total net sales$303,335 $185,948 $(13)$489,270 

Year Ended December 31, 2022Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$197,341 $40,890 $— $238,231 
General Industrial78,142 61,828 — 139,970 
Residential/Commercial Electrical— 70,055 — 70,055 
Other18,053 32,431 (2)50,482 
Total net sales$293,536 $205,204 $(2)$498,738 

Year Ended December 31, 2021Mobile
Solutions		Power
Solutions		Intersegment
Sales
Eliminations		Total
Automotive$182,094 $38,779 $— $220,873 
General Industrial90,290 60,312 — 150,602 
Residential/Commercial Electrical— 61,748 — 61,748 
Other13,479 30,961 (79)44,361 
Total net sales$285,863 $191,800 $(79)$477,584 
Other Sources of Revenue
We provide pre-production activities related to engineering efforts to develop molds, dies, and machines that are owned by our customers. We may receive advance payments from customers which are deferred until satisfying our performance obligations by compliance with customer-specified milestones, recognizing revenue at a point in time. These contracts generally have an original expected duration of less than one year.
Deferred Revenue
The timing of revenue recognition, billings, and cash collections results in billed accounts receivable and customer advances and deposits (e.g. contract liability) on the Consolidated Balance Sheets. These contract liabilities are reported on the Consolidated Balance Sheets on a contract-by-contract basis at the end of each reporting period as deferred revenue, which is reported in the “Other current liabilities” line on the Consolidated Balance Sheets.
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. Changes in the contract liability balances during the year ended December 31, 2023, were not materially impacted by any other factors. The balance of deferred revenue was $0.4 million and $0.7 million as of December 31, 2023 and December 31, 2022, respectively. Revenue recognized for performance obligations satisfied or partially satisfied during the year ended December 31, 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 December 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.
Costs to Obtain and Fulfill a Contract
We recognize commissions paid to internal sales personnel that are incremental to obtaining customer contracts as an expense when incurred since the amortization period is less than one year. Costs to obtain a contract are expensed as selling, general and administrative expense.
Sales, VAT, and other taxes we collect concurrent with revenue-producing activities are excluded from revenue. Incidental items that are immaterial in the context of the contract are recognized as expense.
Sales Concentration
No single customer accounted for 10% or more of consolidated net sales, during the years ended December 31, 2023, 2022, and 2021.