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Revenues | 9 Months Ended
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Sep. 30, 2019
Revenue from Contract with Customer [Abstract] |
Revenues |
6. | Revenues
Revenue from the sale of Advanced Products represents the sum of third-party sales of the products sold under the Advanced Products line, which were sold under the former Picor and VI Chip operating segments during periods prior to the second quarter of 2019. Revenue from the sale of Brick Products represents the sum of third-party sales of the products sold under the Brick Products line, which were also sold under the former Brick Business Unit operating segment, inclusive of such sales of our Vicor Custom Power and Vicor Japan Company, Ltd. subsidiaries. See Note 14 for a discussion of changes to the Company’s segment reporting. The following tables present the Company’s net revenues disaggregated by geography based on the location of the customer, by product line (in thousands):
|  | Three Months Ended September 30, 2019 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
United States |  | $ | 25,265 |  |  | $ | 4,290 |  |  | $ | 29,555 |
Europe |  |  | 5,577 |  |  |  | 889 |  |  |  | 6,466 |
Asia Pacific |  |  | 14,510 |  |  |  | 18,875 |  |  |  | 33,385 |
All other |  |  | 1,130 |  |  |  | 236 |  |  |  | 1,366 |
|  | $ | 46,482 |  |  | $ | 24,290 |  |  | $ | 70,772 |
|  | Nine Months Ended September 30, 2019 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
United States |  | $ | 73,289 |  |  | $ | 16,562 |  |  | $ | 89,851 |
Europe |  |  | 17,960 |  |  |  | 3,517 |  |  |  | 21,477 |
Asia Pacific |  |  | 46,908 |  |  |  | 37,618 |  |  |  | 84,526 |
All other |  |  | 2,955 |  |  |  | 1,043 |  |  |  | 3,998 |
|  | $ | 141,112 |  |  | $ | 58,740 |  |  | $ | 199,852 |
|  | Three Months Ended September 30, 2018 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
United States |  | $ | 20,508 |  |  | $ | 9,152 |  |  | $ | 29,660 |
Europe |  |  | 7,013 |  |  |  | 1,187 |  |  |  | 8,200 |
Asia Pacific |  |  | 22,136 |  |  |  | 16,578 |  |  |  | 38,714 |
All other |  |  | 1,369 |  |  |  | 92 |  |  |  | 1,461 |
|  | $ | 51,026 |  |  | $ | 27,009 |  |  | $ | 78,035 |
|  | Nine Months Ended September 30, 2018 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
United States |  | $ | 55,794 |  |  | $ | 25,908 |  |  | $ | 81,702 |
Europe |  |  | 16,615 |  |  |  | 3,110 |  |  |  | 19,725 |
Asia Pacific |  |  | 64,223 |  |  |  | 48,110 |  |  |  | 112,333 |
All other |  |  | 3,380 |  |  |  | 360 |  |  |  | 3,740 |
|  | $ | 140,012 |  |  | $ | 77,488 |  |  | $ | 217,500 |
The following tables present the Company’s net revenues disaggregated by the category of revenue, by product line (in thousands):
|  | Three Months Ended September 30, 2019 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
Direct customers, contract manufacturers and non-stocking distributors |  | $ | 39,705 |  |  | $ | 22,574 |  |  | $ | 62,279 |
Stocking distributors, net of sales allowances |  |  | 6,522 |  |  |  | 1,734 |  |  |  | 8,256 |
Non-recurring engineering |  |  | 163 |  |  |  | (36 | ) |  |  | 127 |
Royalties |  |  | 92 |  |  |  | — |  |  |  | 92 |
Other |  |  | — |  |  |  | 18 |  |  |  | 18 |
|  | $ | 46,482 |  |  | $ | 24,290 |  |  | $ | 70,772 |
|  | Nine Months Ended September 30, 2019 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
Direct customers, contract manufacturers and non-stocking distributors |  | $ | 120,496 |  |  | $ | 49,524 |  |  | $ | 170,020 |
Stocking distributors, net of sales allowances |  |  | 19,750 |  |  |  | 7,817 |  |  |  | 27,567 |
Non-recurring engineering |  |  | 762 |  |  |  | 1,319 |  |  |  | 2,081 |
Royalties |  |  | 104 |  |  |  | 24 |  |  |  | 128 |
Other |  |  | — |  |  |  | 56 |  |  |  | 56 |
|  | $ | 141,112 |  |  | $ | 58,740 |  |  | $ | 199,852 |
|  | Three Months Ended September 30, 2018 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
Direct customers, contract manufacturers and non-stocking distributors |  | $ | 44,269 |  |  | $ | 23,508 |  |  | $ | 67,777 |
Stocking distributors, net of sales allowances |  |  | 6,236 |  |  |  | 1,773 |  |  |  | 8,009 |
Non-recurring engineering |  |  | 513 |  |  |  | 1,694 |  |  |  | 2,207 |
Royalties |  |  | 8 |  |  |  | 16 |  |  |  | 24 |
Other |  |  | — |  |  |  | 18 |  |  |  | 18 |
|  | $ | 51,026 |  |  | $ | 27,009 |  |  | $ | 78,035 |
|  | Nine Months Ended September 30, 2018 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
Direct customers, contract manufacturers and non-stocking distributors |  | $ | 123,147 |  |  | $ | 67,924 |  |  | $ | 191,071 |
Stocking distributors, net of sales allowances |  |  | 15,934 |  |  |  | 6,924 |  |  |  | 22,858 |
Non-recurring engineering |  |  | 885 |  |  |  | 2,494 |  |  |  | 3,379 |
Royalties |  |  | 46 |  |  |  | 92 |  |  |  | 138 |
Other |  |  | — |  |  |  | 54 |  |  |  | 54 |
|  | $ | 140,012 |  |  | $ | 77,488 |  |  | $ | 217,500 |
The following table presents the changes in certain contract assets and (liabilities) (in thousands):
|  | September 30, 2019 |  |  | December 31, 2018 |  |  | Ch ange |
Accounts receivable |  | $ | 39,987 |  |  | $ | 43,673 |  |  | $ | (3,686 | )
Short-term deferred revenue |  |  | (4,239 | ) |  |  | (3,820 | ) |  |  | (419 | )
Long-term defer red revenue |  |  | (1,134 | ) |  |  | (232 | ) |  |  | (902 | )
Deferred expenses |  |  | 1,418 |  |  |  | 501 |  |  |  | 917 |
Customer prepayments |  |  | (1,604 | ) |  |  | (1,250 | ) |  |  | (354 | )
Sales allowances |  |  | (1,076 | ) |  |  | (548 | ) |  |  | (528 | )
The decrease in accounts receivable was primarily due to a decrease in net revenues of approximately $2,948,000 in the third quarter of 2019 compared to the fourth quarter of 2018. Deferred expenses are included in Other current assets, and customer prepayments are included in Short-term deferred revenue, in the accompanying Condensed Consolidated Balance Sheets, respectively. The Company records deferred revenue, which represents a contract liability, when cash payments are received or due in advance of performance under a contract with a customer. The Company recognized revenue of approximately $23,000 and $53,000 for the three and nine months ended September 30, 2019 , respectively, and $ 471,000 and $ 781,000 , f or the three and nine months ended September 30, 2018, respectively, that was included in deferred revenue at the beginning of each respective period.

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- 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 + Details
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