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Revenues | 6 Months Ended
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Jun. 30, 2020
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. 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 June 30, 2020 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
United States |  | $ | 15,005 |  |  | $ | 5,217 |  |  | $ | 20,222 |
Europe |  |  | 9,427 |  |  |  | 2,289 |  |  |  | 11,716 |
Asia Pacific |  |  | 21,383 |  |  |  | 16,774 |  |  |  | 38,157 |
All other |  |  | 613 |  |  |  | 53 |  |  |  | 666 |
|  | $ | 46,428 |  |  | $ | 24,333 |  |  | $ | 70,761 |
|  | Six Months Ended June 30, 2020 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
United States |  | $ | 40,975 |  |  | $ | 12,814 |  |  | $ | 53,789 |
Europe |  |  | 13,995 |  |  |  | 3,168 |  |  |  | 17,163 |
Asia Pacific |  |  | 35,039 |  |  |  | 26,150 |  |  |  | 61,189 |
All other |  |  | 1,936 |  |  |  | 85 |  |  |  | 2,021 |
|  | $ | 91,945 |  |  | $ | 42,217 |  |  | $ | 134,162 |
|  | Three Months Ended June 30, 2019 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
United States |  | $ | 25,732 |  |  | $ | 5,323 |  |  | $ | 31,055 |
Europe |  |  | 6,374 |  |  |  | 1,642 |  |  |  | 8,016 |
Asia Pacific |  |  | 15,287 |  |  |  | 7,843 |  |  |  | 23,130 |
All other |  |  | 612 |  |  |  | 542 |  |  |  | 1,154 |
|  | $ | 48,005 |  |  | $ | 15,350 |  |  | $ | 63,355 |
|  | Six Months Ended June 30, 2019 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
United States |  | $ | 48,024 |  |  | $ | 12,272 |  |  | $ | 60,296 |
Europe |  |  | 12,383 |  |  |  | 2,628 |  |  |  | 15,011 |
Asia Pacific |  |  | 32,398 |  |  |  | 18,743 |  |  |  | 51,141 |
All other |  |  | 1,825 |  |  |  | 807 |  |  |  | 2,632 |
|  | $ | 94,630 |  |  | $ | 34,450 |  |  | $ | 129,080 |
The following tables present the Company’s net revenues disaggregated by the category of revenue, by product line (in thousands):
|  | Three Months Ended June 30, 2020 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
Direct customers, contract manufacturers and non-stocking distributors |  | $ | 39,472 |  |  | $ | 20,044 |  |  | $ | 59,516 |
Stocking distributors, net of sales allowances |  |  | 6,814 |  |  |  | 1,576 |  |  |  | 8,390 |
Non-recurring engineering |  |  | 142 |  |  |  | 2,695 |  |  |  | 2,837 |
Other |  |  | — |  |  |  | 18 |  |  |  | 18 |
|  | $ | 46,428 |  |  | $ | 24,333 |  |  | $ | 70,761 |
|  | Six Months Ended June 30, 2020 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
Direct customers, contract manufacturers and non-stocking distributors |  | $ | 75,211 |  |  | $ | 34,811 |  |  | $ | 110,022 |
Stocking distributors, net of sales allowances |  |  | 16,436 |  |  |  | 4,638 |  |  |  | 21,074 |
Non-recurring engineering |  |  | 298 |  |  |  | 2,732 |  |  |  | 3,030 |
Other |  |  | — |  |  |  | 36 |  |  |  | 36 |
|  | $ | 91,945 |  |  | $ | 42,217 |  |  | $ | 134,162 |
|  | Three Months Ended June 30, 2019 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
Direct customers, contract manufacturers and non-stocking distributors |  | $ | 40,843 |  |  | $ | 12,184 |  |  | $ | 53,027 |
Stocking distributors, net of sales allowances |  |  | 7,111 |  |  |  | 2,918 |  |  |  | 10,029 |
Non-recurring engineering |  |  | 51 |  |  |  | 230 |  |  |  | 281 |
Royalties |  |  | — |  |  |  | — |  |  |  | — |
Other |  |  | — |  |  |  | 18 |  |  |  | 18 |
|  | $ | 48,005 |  |  | $ | 15,350 |  |  | $ | 63,355 |
|  | Six Months Ended June 30, 2019 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
Direct customers, contract manufacturers and non-stocking distributors |  | $ | 80,791 |  |  | $ | 26,950 |  |  | $ | 107,741 |
Stocking distributors, net of sales allowances |  |  | 13,228 |  |  |  | 6,083 |  |  |  | 19,311 |
Non-recurring engineering |  |  | 599 |  |  |  | 1,355 |  |  |  | 1,954 |
Royalties |  |  | 12 |  |  |  | 24 |  |  |  | 36 |
Other |  |  | — |  |  |  | 38 |  |  |  | 38 |
|  | $ | 94,630 |  |  | $ | 34,450 |  |  | $ | 129,080 |
The following table presents the changes in certain contract assets and (liabilities) (in thousands):
|  | June 30, 2020 |  |  | December 31, 2019 |  |  | Change |
Accounts receivable |  | $ | 48,502 |  |  | $ | 38,115 |  |  | $ | 10,387 |
Short-term deferred revenue and customer prepayments |  |  | (7,817 | ) |  |  | (5,507 | ) |  |  | (2,310 | )
Long-term deferred revenue |  |  | (894 | ) |  |  | (1,054 | ) |  |  | 160 |
Deferred expenses |  |  | 1,552 |  |  |  | 1,897 |  |  |  | (345 | )
Sales allowances |  |  | (867 | ) |  |  | (741 | ) |  |  | (126 | )
The increase in accounts receivable was primarily due to an increase in net revenues of approximately $9,962,000 in June 2020 compared to December 2019. Deferred expenses are included in Other current assets in the accompanying Condensed Consolidated Balance Sheets. 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 $1,700,000 and $1,736,000 for the three and six months ended June 30, 2020, respectively, and $0 for the three and six months ended June 30, 2019 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 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=121604090&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=121604090&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=121604090&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=121604090&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=121604090&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=121604090&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=121604090&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=121604090&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=121604090&loc=SL49130554-203045 + Details
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