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Segment, Product and Geographic Information | 12 Months Ended
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Dec. 31, 2020
Segment, Product and Geographic Information |
Segment, Product and Geographic Information | Note 29. Segment, Product and Geographic Information The Company has two operating segments: Driver IC and Non-driver Products. The Driver IC segment generally is engaged in the design, research, development and sale of displays driver for large-sized TFT-LCD panels, which are used in televisions and desktop monitors, and displays driver for small and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products. The Non-driver segment primarily is engaged in the design, research, manufacturing and sale of non-driver products, such as timing controllers, 3D Sensing Solution, LCOS, CMOS Image Sensors and WLO.
|  | Year Ended December 31, 2018
|  |  |  |  | Non-driver |  | Consolidated
|  | Driver IC |  | products |  | Total
|  | (in thousands)
Segment revenues |  | $ | 586,258 |  | 137,347 |  |  | 723,605
Segment operating income (loss) |  | $ | 56,023 |  | (52,638) |  |  | 3,385
Non operating income, net |  |  |  |  |  |  |  | 3,635
Consolidated profits before income taxes |  |  |  |  |  |  | $ | 7,020
Significant noncash items: |  |  |  |  |  |  |  |
Share-based compensation |  | $ | 189 |  | 219 |  |  | 408
Depreciation and amortization |  | $ | 3,248 |  | 17,079 |  |  | 20,327
|  | Year Ended December 31, 2019
|  |  |  |  | Non-driver |  | Consolidated
|  | Driver IC |  | products |  | Total
|  | (in thousands)
Segment revenues |  | $ | 544,727 |  | 127,108 |  |  | 671,835
Segment operating income (loss) |  | $ | 29,070 |  | (47,377) |  |  | (18,307)
Non operating income, net |  |  |  |  |  |  |  | 2,539
Consolidated loss before income taxes |  |  |  |  |  |  | $ | (15,768)
Significant noncash items: |  |  |  |  |  |  |  |
Share-based compensation |  | $ | 221 |  | 236 |  |  | 457
Depreciation and amortization |  | $ | 5,511 |  | 18,888 |  |  | 24,399
|  | Year Ended December 31, 2020
|  |  |  |  | Non-driver |  | Consolidated
|  | Driver IC |  | products |  | Total
|  | (in thousands)
Segment revenues |  | $ | 756,522 |  | 130,760 |  |  | 887,282
Segment operating income (loss) |  | $ | 98,687 |  | (40,761) |  |  | 57,926
Non operating loss, net |  |  |  |  |  |  |  | (1,054)
Consolidated profit before income taxes |  |  |  |  |  |  | $ | 56,872
Significant noncash items: |  |  |  |  |  |  |  |
Share-based compensation |  | $ | 481 |  | 282 |  |  | 763
Depreciation and amortization |  | $ | 5,959 |  | 17,637 |  |  | 23,596
The following tables summarize information pertaining to the segment revenues from customers in different geographic region (based on customer’s headquarter location):
|  | For the year ended December 31, 2018
|  |  |  |  | Non-driver |  | Consolidated
|  | Driver IC |  | products |  | Total
|  |  | (in thousands)
China |  | $ | 419,249 |  | 61,143 |  | 480,392
Taiwan |  |  | 136,526 |  | 31,596 |  | 168,122
Other Asia Pacific (Philippines, Korea and Japan) |  |  | 30,483 |  | 41,811 |  | 72,294
Europe and America |  |  | - |  | 2,797 |  | 2,797
|  | $ | 586,258 |  | 137,347 |  | 723,605
|  | For the year ended December 31, 2019
|  |  |  |  | Non-driver |  | Consolidated
|  | Driver IC |  | products |  | Total
|  | (in thousands)
China |  | $ | 421,729 |  | 50,643 |  | 472,372
Taiwan |  |  | 90,971 |  | 38,286 |  | 129,257
Other Asia Pacific (Philippines, Korea and Japan) |  |  | 31,861 |  | 36,918 |  | 68,779
Europe and America |  |  | 166 |  | 1,261 |  | 1,427
|  | $ | 544,727 |  | 127,108 |  | 671,835
|  | For the year ended December 31, 2020
|  |  |  |  | Non-driver |  | Consolidated
|  | Driver IC |  | products |  | Total
|  | (in thousands)
China |  | $ | 643,527 |  | 63,475 |  | 707,002
Taiwan |  |  | 88,001 |  | 35,179 |  | 123,180
Other Asia Pacific (Philippines, Korea and Japan) |  |  | 24,964 |  | 31,231 |  | 56,195
Europe and America |  |  | 30 |  | 875 |  | 905
|  | $ | 756,522 |  | 130,760 |  | 887,282
The following tables summarize information pertaining to the segment revenues from major product lines:
|  | For the year ended December 31, 2018
|  |  |  |  | Non-driver |  | Consolidated
|  |  | Driver IC |  | products |  | Total
|  | (in thousands)
Display drivers for large-sized applications |  | $ | 260,540 |  | - |  | 260,540
Display drivers for small and medium-sized applications |  |  | 325,718 |  | - |  | 325,718
Non-driver products |  |  | - |  | 137,347 |  | 137,347
|  | $ | 586,258 |  | 137,347 |  | 723,605
|  | For the year ended December 31, 2019
|  |  |  |  | Non-driver |  | Consolidated
|  | Driver IC |  | products |  | Total
|  | (in thousands)
Display drivers for large-sized applications |  | $ | 237,276 |  | - |  | 237,276
Display drivers for small and medium-sized applications |  |  | 307,451 |  | - |  | 307,451
Non-driver products |  |  | - |  | 127,108 |  | 127,108
|  | $ | 544,727 |  | 127,108 |  | 671,835
|  | For the year ended December 31, 2020
|  |  |  |  | Non-driver |  | Consolidated
|  | Driver IC |  | products |  | Total
|  | (in thousands)
Display drivers for large-sized applications |  | $ | 240,789 |  | - |  | 240,789
Display drivers for small and medium-sized applications |  |  | 515,733 |  | - |  | 515,733
Non-driver products |  |  | - |  | 130,760 |  | 130,760
|  | $ | 756,522 |  | 130,760 |  | 887,282
The carrying values of the Company’s property, plant and equipment are located in the following countries:
|  | December 31, |  | December 31,
|  | 2019 |  | 2020
|  | (in thousands)
Taiwan |  | $ | 136,986 |  | 128,941
U.S. |  |  | 730 |  | 1,413
China |  |  | 803 |  | 878
Korea |  |  | 95 |  | 524
Israel |  |  | 265 |  | 167
Japan |  |  | 59 |  | 151
|  | $ | 138,938 |  | 132,074
Revenues from significant customers, those representing 10% or more of total revenue for the respective periods, are summarized as follows:
|  | Year ended December 31,
|  | 2018 |  | 2019 |  | 2020
|  | (in thousands)
Driver IC segment: |  |  |  |  |  |  |
Customer A and its affiliates |  | $ | 178,907 |  | 182,442 |  | 264,700
Customer B and its affiliates |  |  | 87,927 |  | 56,260 |  | 54,439
Customer C |  |  | 38,678 |  | 33,318 |  | 109,911
|  | $ | 305,512 |  | 272,020 |  | 429,050
Non-driver products segment: |  |  |  |  |  |  |
Customer A and its affiliates |  | $ | 24,088 |  | 15,988 |  | 24,963
Customer B and its affiliates |  |  | 2,917 |  | 3,521 |  | 3,906
Customer C |  |  | 2,927 |  | 4,313 |  | 2,593
|  | $ | 29,932 |  | 23,822 |  | 31,462
Accounts receivable from significant customers, those representing 10% or more of total accounts receivable for the respective dates, is summarized as follows:
|  | December 31, |  | December 31,
|  | 2019 |  | 2020
|  | (in thousands)
Customer A and its affiliates |  | $ | 62,136 |  | 88,353
Customer B and its affiliates |  |  | 13,086 |  | 19,879
Customer C |  |  | 9,580 |  | 33,171
|  | $ | 84,802 |  | 141,403
The Company has recognized the following contract liabilities in relation to revenue from contracts with customers:
|  | December 31, |  | December 31,
|  | 2019 |  | 2020
|  | (in thousands)
Contract liabilities |  | $ | 1,902 |  | 6,622
Revenue recognized in the current reporting period amounted to $1,539 thousand was related to carried-forward contract liabilities for performance obligations not satisfied in prior year. All of the service contracts are for periods of one year or less. As permitted under IFRS 15, the transaction price allocated to these unsatisfied contracts is not disclosed. As of December 31, 2020, the Company did not recognize an asset in relation to costs to fulfill a service contract.

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