XML 33 R26.htm IDEA: XBRL DOCUMENT
v3.24.2

Revenues (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Summary of Net Revenues Based On Geography Location | 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, 2024 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
United States |  | $ | 25,431 |  |  | $ | 23,231 |  |  | $ | 48,662 |
Europe |  |  | 6,559 |  |  |  | 3,431 |  |  |  | 9,990 |
Asia Pacific |  |  | 7,220 |  |  |  | 19,602 |  |  |  | 26,822 |
All other |  |  | 276 |  |  |  | 104 |  |  |  | 380 |
|  | $ | 39,486 |  |  | $ | 46,368 |  |  | $ | 85,854 |
|  | Six Months Ended June 30, 2024 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
United States |  | $ | 46,405 |  |  | $ | 50,417 |  |  | $ | 96,822 |
Europe |  |  | 13,416 |  |  |  | 7,430 |  |  |  | 20,846 |
Asia Pacific |  |  | 19,488 |  |  |  | 31,654 |  |  |  | 51,142 |
All other |  |  | 769 |  |  |  | 147 |  |  |  | 916 |
|  | $ | 80,078 |  |  | $ | 89,648 |  |  | $ | 169,726 |
|  | Three Months Ended June 30, 2023 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
United States |  | $ | 18,229 |  |  | $ | 15,827 |  |  | $ | 34,056 |
Europe |  |  | 6,955 |  |  |  | 6,034 |  |  |  | 12,989 |
Asia Pacific |  |  | 13,127 |  |  |  | 45,619 |  |  |  | 58,746 |
All other |  |  | 923 |  |  |  | 33 |  |  |  | 956 |
|  | $ | 39,234 |  |  | $ | 67,513 |  |  | $ | 106,747 |
|  | Six Months Ended June 30, 2023 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
United States |  | $ | 39,485 |  |  | $ | 29,537 |  |  | $ | 69,022 |
Europe |  |  | 14,501 |  |  |  | 10,061 |  |  |  | 24,562 |
Asia Pacific |  |  | 29,974 |  |  |  | 79,063 |  |  |  | 109,037 |
All other |  |  | 1,799 |  |  |  | 143 |  |  |  | 1,942 |
|  | $ | 85,759 |  |  | $ | 118,804 |  |  | $ | 204,563 |
Summary of Net Revenues Disaggregated by Geography | 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, 2024 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
Direct customers, contract manufacturers and non-stocking distributors |  | $ | 20,238 |  |  | $ | 27,713 |  |  | $ | 47,951 |
Stocking distributors, net of sales allowances |  |  | 19,158 |  |  |  | 8,369 |  |  |  | 27,527 |
Non-recurring engineering |  |  | 90 |  |  |  | 655 |  |  |  | 745 |
Royalties |  |  | — |  |  |  | 9,271 |  |  |  | 9,271 |
Other |  |  | — |  |  |  | 360 |  |  |  | 360 |
|  | $ | 39,486 |  |  | $ | 46,368 |  |  | $ | 85,854 |
|  | Six Months Ended June 30, 2024 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
Direct customers, contract manufacturers and non-stocking distributors |  | $ | 41,048 |  |  | $ | 49,353 |  |  | $ | 90,401 |
Stocking distributors, net of sales allowances |  |  | 38,565 |  |  |  | 18,001 |  |  |  | 56,566 |
Non-recurring engineering |  |  | 465 |  |  |  | 4,123 |  |  |  | 4,588 |
Royalties |  |  | — |  |  |  | 17,451 |  |  |  | 17,451 |
Other |  |  | — |  |  |  | 720 |  |  |  | 720 |
|  | $ | 80,078 |  |  | $ | 89,648 |  |  | $ | 169,726 |
|  | Three Months Ended June 30, 2023 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
Direct customers, contract manufacturers and non-stocking distributors |  | $ | 24,435 |  |  | $ | 55,556 |  |  | $ | 79,991 |
Stocking distributors, net of sales allowances |  |  | 14,338 |  |  |  | 6,345 |  |  |  | 20,683 |
Non-recurring engineering |  |  | 461 |  |  |  | 2,796 |  |  |  | 3,257 |
Royalties |  |  | — |  |  |  | 2,456 |  |  |  | 2,456 |
Other |  |  | — |  |  |  | 360 |  |  |  | 360 |
|  | $ | 39,234 |  |  | $ | 67,513 |  |  | $ | 106,747 |
|  | Six Months Ended June 30, 2023 |
|  | Brick Products |  |  | Advanced Products |  |  | Total |
Direct customers, contract manufacturers and non-stocking distributors |  | $ | 54,921 |  |  | $ | 97,569 |  |  | $ | 152,490 |
Stocking distributors, net of sales allowances |  |  | 30,075 |  |  |  | 11,397 |  |  |  | 41,472 |
Non-recurring engineering |  |  | 763 |  |  |  | 4,924 |  |  |  | 5,687 |
Royalties |  |  | — |  |  |  | 4,476 |  |  |  | 4,476 |
Other |  |  | — |  |  |  | 438 |  |  |  | 438 |
|  | $ | 85,759 |  |  | $ | 118,804 |  |  | $ | 204,563 |
Summary of Changes in Contract Liabilities | The following table presents the changes in certain contract liabilities (in thousands):
|  | June 30, 2024 |  |  | December 31, 2023 |  |  | Change |
Short-term deferred revenue and customer prepayments |  | $ | (2,656 | ) |  | $ | (3,157 | ) |  | $ | 501 |
Long-term deferred revenue |  |  | (300 | ) |  |  | (1,020 | ) |  |  | 720 |
Sales allowances |  |  | (2,989 | ) |  |  | (3,482 | ) |  |  | 493 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Schedule of changes in contract assets and liabilities. + References No definition available. + Details
Name: | vicr_ScheduleOfChangesInContractAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | vicr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of revenues based on geography location. + References No definition available. + Details
Name: | vicr_ScheduleOfRevenuesBasedOnGeographyLocationTableTextBlock
Namespace Prefix: | vicr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration