v3.25.2
Note 16 - Segments
 6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

16.

SEGMENTS

 

The Company operates in one industry with three reportable operating segments, which represent the Company's three product groups, consisting of Power Solutions and Protection, Connectivity Solutions and Magnetic Solutions. 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 June 30, 2025

 
  

Power Solutions

  

Connectivity

  

Magnetic

         
  

and Protection

  

Solutions

  

Solutions

  

Corporate/Other

  

Total

 

Net sales

 $86,799  $59,202  $22,298  $-  $168,299 

Cost of sales

  50,410   36,007   15,896   903   103,216 

Gross profit

  36,389   23,195   6,402   (903)  65,083 

Gross profit %

 

41.9

% 

39.2

% 

28.7

%  nm  

38.7

%

Research and development costs

                  8,104 

Selling, general and administrative expenses

                  30,914 

Restructuring charges

                  280 

Gain on sale of property

                  (4,075)

Interest expense

                  3,993 

Interest income

                  (264)

Other income/expense, net

                  (7,568)

Earnings before provision for income taxes

                 $33,699 
                     

Other Segment Disclosures:

                    

Total Assets

 $653,923  $184,631  $54,423  $57,603  $950,580 

Capital Expenditures

  2,391   1,481   52   4   3,928 

Depreciation and Amortization Expense

  4,468   1,754   236   142   6,600 

Interest Expense

  84   3   -   3,906   3,993 

  

  

Three Months Ended June 30, 2024

 
  

Power Solutions

  

Connectivity

  

Magnetic

        
  

and Protection

  

Solutions

  

Solutions

  

Corporate

  

Total

 

Net sales

 $58,551  $57,822  $16,832  $-  $133,205 

Cost of sales

  31,815   35,310   12,390   294   79,809 

Gross profit

  26,736   22,512   4,442   (294)  53,396 

Gross profit %

  45.7%  38.9%  26.4%  nm   40.1%

Research and development costs

                  5,994 

Selling, general and administrative expenses

                  24,141 

Restructuring charges

                  638 

Interest expense

                  415 

Interest income

                  (1,146)

Other income/expense, net

                  471 

Earnings before provision for income taxes

                 $22,883 
                     

Other Segment Disclosures:

                    

Total Assets

 $188,045  $227,442  $57,511  $94,606  $567,604 

Capital Expenditures

  527   612   57   153   1,349 

Depreciation and Amortization Expense

  1,417   1,709   200   113   3,439 

Interest Expense

  136   26   -   253   415 

     

  

Six Months Ended June 30, 2025

 

Net sales

 $169,853  $109,932  $40,752  $-  $320,537 

Cost of sales

  98,122   67,528   29,793   1,192   196,635 

Gross profit

  71,731   42,404   10,959   (1,192)  123,902 

Gross profit %

 

42.2

% 

38.6

% 

26.9

%  nm  

38.7

%

Research and development costs

                  15,326 

Selling, general and administrative expenses

                  60,421 

Restructuring charges

                  (2,653)

Gain on sale of property

                  (4,075)

Interest expense

                  8,145 

Interest income

                  (539)

Other income/expense, net

                  (10,207)

Earnings before provision for income taxes

                 $57,484 
                     

Other Segment Disclosures:

                    

Total Assets

 $653,923  $184,631  $54,423  $57,603  $950,580 

Capital Expenditures

  3,771   2,764   174   9   6,718 

Depreciation and Amortization Expense

  8,993   3,519   491   281   13,284 

Interest Expense

  200   3   -   7,942   8,145 

   

  Six Months Ended June 30, 2024 

Net sales

 $118,798  $112,107  $30,390  $-  $261,295 

Cost of sales

  65,546   69,978   23,774   523   159,821 

Gross profit

  53,252   42,129   6,616   (523)  101,474 

Gross profit %

  44.8%  37.6%  21.8%  nm   38.8%

Research and development costs

                  11,209 

Selling, general and administrative expenses

                  49,085 

Restructuring charges

                  703 

Interest expense

                  849 

Interest income

                  (2,261)

Other income/expense, net

                  (1,346)

Earnings before provision for income taxes

                 $43,235 
                     

Other Segment Disclosures:

                    

Total Assets

 $188,045  $227,442  $57,511  $94,606  $567,604 

Capital Expenditures

  1,281   2,650   193   154   4,278 

Depreciation and Amortization Expense

  3,103   3,377   408   235   7,123 

Interest Expense

  283   58   -   508   849