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REVENUE RECOGNITION (Tables) | 6 Months Ended
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Jun. 30, 2019
REVENUE RECOGNITION |
Schedule of reconciliation of disaggregated revenue to segment revenue as well as revenue by geographical regions |
|  | Three months ended |  | Six months ended
|  | June 30, |  | June 30,
|  | 2019 |  | 2018 |  | 2019 |  |  | 2018
Target Market |  |  |  |  |  |  |  |  |  |  |  |
Vehicle |  | $ | 30,778 |  | $ | 31,193 |  | $ | 64,374 |  | $ | 63,354
Industrial |  |  | 32,194 |  |  | 28,073 |  |  | 63,505 |  |  | 51,965
Medical |  |  | 12,219 |  |  | 9,838 |  |  | 24,629 |  |  | 20,482
Aerospace & Defense |  |  | 12,143 |  |  | 8,558 |  |  | 23,397 |  |  | 16,369
Other |  |  | 5,296 |  |  | 2,319 |  |  | 10,621 |  |  | 4,387
Total |  | $ | 92,630 |  | $ | 79,981 |  | $ | 186,526 |  | $ | 156,557
|  | Three months ended |  | Six months ended
|  | June 30, |  | June 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Geography |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 62,645 |  | $ | 46,484 |  | $ | 121,957 |  | $ | 90,654
Europe |  |  | 29,390 |  |  | 32,947 |  |  | 63,561 |  |  | 64,779
Asia |  |  | 595 |  |  | 550 |  |  | 1,008 |  |  | 1,124
Total |  | $ | 92,630 |  | $ | 79,981 |  | $ | 186,526 |  | $ | 156,557
Schedule of opening and closing balances of the Company's receivables, contract asset, and contract liability | The opening and closing balances of the Company’s receivables, contract asset, and contract liability are as follows (in thousands):
|  | Receivables |  | Contract Asset |  | Contract Liability
Opening balance at April 1, 2019 |  | $ | — |  | $ | — |  | $ | 442
Closing balance at June 30, 2019 |  |  | — |  |  | — |  |  | 388
Increase/(decrease) |  | $ | — |  | $ | — |  | $ | (54)
|  | Receivables |  | Contract Asset |  | Contract Liability
Opening balance at April 1, 2018 |  | $ | — |  | $ | — |  | $ | 702
Closing balance at June 30, 2018 |  |  | — |  |  | — |  |  | 623
Increase/(decrease) |  | $ | — |  | $ | — |  | $ | (79)

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- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045 + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045 + Details
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