XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.22.0.1

REVENUE RECOGNITION | 12 Months Ended
--- | ---
Dec. 31, 2021
Revenue from Contract with Customer [Abstract] |
REVENUE RECOGNITION | 21. REVENUE RECOGNITION: The Company recognizes revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers (Topic 606). The standard establishes the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing, and uncertainty of revenue and cash flows from a contract with a customer. For each of the years ended December 31, 2021, 2020 and 2019, the Company recorded 97% of its revenue from OLED related sales and 3% from the providing of services through Adesis. Contract Balances The following table provides information about assets and liabilities associated with our contracts from customers (in thousands):
|  | As of December 31, 2021 |
Accounts receivable |  | $ | 107,639 |
Short-term unbilled receivables |  |  | 8,127 |
Long-term unbilled receivables |  |  | — |
Short-term deferred revenue |  |  | 120,864 |
Long-term deferred revenue |  |  | 36,217 |
Short-term and long-term unbilled receivables are classified as other current assets and other assets, respectively, on the Consolidated Balance Sheets. The deferred revenue balance at December 31, 2021 will be recognized as materials are shipped to customers over the remaining contract periods. As of December 31, 2021, the Company had $29.1 million of backlog associated with committed purchase orders from its customers for phosphorescent emitter material. These orders are anticipated to be fulfilled within the next 90 days. Significant changes in the unbilled receivables and deferred liabilities balances for the years ended December 31, 2021 and 2020, are as follows (in thousands):
|  | Year Ended December 31, 2021 |
|  | Unbilled Receivables |  |  | Deferred Revenue |
Balance at December 31, 2020 |  | $ | 10,429 |  |  | $ | (162,301 | )
Revenue recognized that was previously included in deferred revenue, net |  |  | — |  |  |  | 192,778 |
Increases due to cash received |  |  | — |  |  |  | (201,484 | )
Cumulative catch-up adjustment arising from changes in estimates of transaction price, net |  |  | — |  |  |  | 13,926 |
Unbilled receivables recorded, net |  |  | 32,720 |  |  |  | — |
Transferred to receivables from unbilled receivables |  |  | (35,022 | ) |  |  | — |
Net change |  |  | (2,302 | ) |  |  | 5,220 |
Balance at December 31, 2021 |  | $ | 8,127 |  |  | $ | (157,081 | )
|  | Year Ended December 31, 2020 |
|  | Unbilled Receivables |  |  | Deferred Revenue |
Balance at December 31, 2019 |  | $ | 1,362 |  |  | $ | (144,862 | )
Revenue recognized that was previously included in deferred revenue, net |  |  | — |  |  |  | 157,704 |
Increases due to cash received |  |  | — |  |  |  | (192,369 | )
Cumulative catch-up adjustment arising from changes in estimates of transaction price, net |  |  | — |  |  |  | 17,226 |
Unbilled receivables recorded, net |  |  | 9,067 |  |  |  | — |
Net change |  |  | 9,067 |  |  |  | (17,439 | )
Balance at December 31, 2020 |  | $ | 10,429 |  |  | $ | (162,301 | )
The c umulative catch-up adjustment arising from changes in estimates of transaction price, net for the year ended December 31, 2021 decreased by $3.3 million as compared to the year ended December 31, 2020.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration