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Note 3 - Revenue Recognition | 6 Months Ended
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Jun. 30, 2020
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | Note 3: revenue recognition Under ASC 606, “Revenue from Contracts with Customers” (“ASC 606”), an entity recognizes revenue when or as it satisfies a performance obligation by transferring IP license or services to the customer, either at a point in time or over time. The Company recognizes most of its revenues at a point in time upon delivery of its IPs. The Company recognizes revenue over time on significant license customization contracts that are in the scope of ASC 606 by using cost inputs to measure progress toward completion of its performance obligations. The following table includes estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. The estimated revenues do not include amounts of royalties or unexercised contract renewals:
|  | Remainder of 2020 |  |  | 2021 |  |  | 2022 |
License and related revenues |  | $ | 8,383 |  |  | $ | 3,186 |  |  | $ | 330 |
Disaggregation of revenue: The following table provides information about disaggregated revenue by primary geographical market, major product line and timing of revenue recognition (in thousands):
|  | Six months ended June 3 0, 20 20 (unaudited) |  |  | Three months ended June 3 0, 2020 (unaudited) |
|  | Licensing and related revenues |  |  | Royalties |  |  | Total |  |  | Licensing and related revenues |  |  | Royalties |  |  | Total |
Primary geographical markets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 4,749 |  |  | $ | 1,170 |  |  | $ | 5,919 |  |  | $ | 1,967 |  |  | $ | 657 |  |  | $ | 2,624 |
Europe and Middle East |  |  | 4,633 |  |  |  | 9,315 |  |  |  | 13,948 |  |  |  | 3,574 |  |  |  | 5,271 |  |  |  | 8,845 |
Asia Pacific |  |  | 18,643 |  |  |  | 8,711 |  |  |  | 27,354 |  |  |  | 7,989 |  |  |  | 4,148 |  |  |  | 12,137 |
Total |  | $ | 28,025 |  |  | $ | 19,196 |  |  | $ | 47,221 |  |  | $ | 13,530 |  |  | $ | 10,076 |  |  | $ | 23,606 |
Major product/service lines |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Connectivity products (baseband for handset and other devices, Bluetooth, Wi-Fi, NB-IoT and SATA/SAS) |  | $ | 22,858 |  |  | $ | 15,285 |  |  | $ | 38,143 |  |  | $ | 11,931 |  |  | $ | 8,243 |  |  | $ | 20,174 |
Smart sensing products (AI, sensor fusion, audio/sound and imaging and vision) |  |  | 5,167 |  |  |  | 3,911 |  |  |  | 9,078 |  |  |  | 1,599 |  |  |  | 1,833 |  |  |  | 3,432 |
Total |  | $ | 28,025 |  |  | $ | 19,196 |  |  | $ | 47,221 |  |  | $ | 13,530 |  |  | $ | 10,076 |  |  | $ | 23,606 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 21,306 |  |  | $ | 19,196 |  |  | $ | 40,502 |  |  | $ | 10,268 |  |  | $ | 10,076 |  |  | $ | 20,344 |
Products and services transferred over time |  |  | 6,719 |  |  |  | — |  |  |  | 6,719 |  |  |  | 3,262 |  |  |  | — |  |  |  | 3,262 |
Total |  | $ | 28,025 |  |  | $ | 19,196 |  |  | $ | 47,221 |  |  | $ | 13,530 |  |  | $ | 10,076 |  |  | $ | 23,606 |
|  | Six months ended June 3 0, 201 9 (unaudited) |  |  | Three months ended June 3 0, 2019 (unaudited) |
|  | Licensing and related revenues |  |  | Royalties |  |  | Total |  |  | Licensing and related revenues |  |  | Royalties |  |  | Total |
Primary geographical markets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 3,359 |  |  | $ | 543 |  |  | $ | 3,902 |  |  | $ | 1,866 |  |  | $ | 257 |  |  | $ | 2,123 |
Europe and Middle East |  |  | 1,607 |  |  |  | 4,727 |  |  |  | 6,334 |  |  |  | 225 |  |  |  | 2,767 |  |  |  | 2,992 |
Asia Pacific |  |  | 16,849 |  |  |  | 8,284 |  |  |  | 25,133 |  |  |  | 8,713 |  |  |  | 4,572 |  |  |  | 13,285 |
Total |  | $ | 21,815 |  |  | $ | 13,554 |  |  | $ | 35,369 |  |  | $ | 10,804 |  |  | $ | 7,596 |  |  | $ | 18,400 |
Major product/service lines |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Connectivity products (baseband for handset and other devices, Bluetooth, Wi-Fi, NB-IoT and SATA/SAS) |  | $ | 14,716 |  |  | $ | 12,676 |  |  | $ | 27,392 |  |  | $ | 8,085 |  |  | $ | 7,055 |  |  | $ | 15,140 |
Smart sensing products (AI, audio/sound and imaging and vision) |  |  | 7,099 |  |  |  | 878 |  |  |  | 7,977 |  |  |  | 2,719 |  |  |  | 541 |  |  |  | 3,260 |
Total |  | $ | 21,815 |  |  | $ | 13,554 |  |  | $ | 35,369 |  |  | $ | 10,804 |  |  | $ | 7,596 |  |  | $ | 18,400 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Products transferred at a point in time |  | $ | 15,307 |  |  | $ | 13,554 |  |  | $ | 28,861 |  |  | $ | 7,396 |  |  | $ | 7,596 |  |  | $ | 14,992 |
Products and services transferred over time |  |  | 6,508 |  |  |  | — |  |  |  | 6,508 |  |  |  | 3,408 |  |  |  | — |  |  |  | 3,408 |
Total |  | $ | 21,815 |  |  | $ | 13,554 |  |  | $ | 35,369 |  |  | $ | 10,804 |  |  | $ | 7,596 |  |  | $ | 18,400 |
Contract balances: The following table provides information about trade receivables, unbilled receivables and contract liabilities from contracts with customers (in thousands):
|  | June 3 0, 20 20 (unaudited) |  |  | December 31, 201 9 |
Trade receivables |  | $ | 7,055 |  |  | $ | 11,066 |
Unbilled receivables (associated with licensing and related revenue) |  |  | 4,765 |  |  |  | 5,269 |
Unbilled receivables (associated with royalties) |  |  | 7,961 |  |  |  | 11,972 |
Deferred revenues (short-term contract liabilities) |  |  | 3,821 |  |  |  | 3,642 |
The Company receives payments from customers based upon contractual payment schedules; trade receivables are recorded when the right to consideration becomes unconditional, and an invoice is issued to the customer. Unbilled receivables associated with licensing and other include amounts related to the Company’s contractual right to consideration for completed performance objectives not yet invoiced. Unbilled receivables associated with royalties are recorded as the Company recognizes revenues from royalties earned during the quarter, but not yet invoiced, either by actual sales data received from customers, or, when applicable, by the Company’s estimation. Contract liabilities (deferred revenue) include payments received in advance of performance under the contract, and are realized with the associated revenue recognized under the contract. During the three and six months ended June 30, 2020, the Company recognized $1,348 and $3,316, respectively, that was included in deferred revenues (short-term contract liability) balance at January 1, 2020.

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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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