Concentrations of risk and segment information

12 Months Ended

Dec. 31, 2015

Concentrations of risk and segment information

Concentrations of risk and geographic information

Customer concentration

Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of trade receivables. The Company believes that credit risk in its accounts receivable is mitigated by the Company’s credit evaluation process, relatively short collection terms and dispersion of its customer base. The Company generally does not require collateral and losses on trade receivables have historically been within management’s expectations.

The Company had the following customers who represented 10% or more of its net accounts receivable balance as of the dates indicated:



	December 31, 2015	December 31, 2014
Customer A	40%	17%
Customer B	18%	11%
Customer C	*	14%

* Less than 10% of total accounts receivable for the period indicated

The following table summarizes the Company's accounts receivables sold, without recourse, and factoring fees paid:



	Year ended December 31,
(in thousands)	2015		2014		2013
Accounts receivable sold	$	194,223	$	250,437	$	71,066
Factoring fees	1,566		2,148		591

Customers with revenue greater than 10% of the Company's total revenue were as follows:



	Year ended December 31,
	2015	2014	2013
Customer D	14%	20%	17%
Customer A	12%	*	*

* Less than 10% of total revenue for the period indicated

Supplier concentration

The Company relies on third parties for the supply and manufacture of its capture devices, some of which are sole-source suppliers. The Company believes that outsourcing manufacturing enables greater scale and flexibility. As demand and product lines change, the Company periodically evaluates the need and advisability of adding manufacturers to support its operations. In instances where a supply and manufacture agreement does not exist or suppliers fail to perform their obligations, the Company may be unable to find alternative suppliers or satisfactorily deliver its products to its customers on time, if at all. The Company also relies on third parties with whom it outsources supply chain activities related to inventory warehousing, order fulfillment, distribution and other direct sales logistics.

Geographic and other information

Revenue by geographic region, based on ship-to destinations, was as follows:



	Year ended December 31,
(in thousands)	2015		2014		2013
Americas	$	868,772	$	890,352	$	557,285
Europe, Middle East and Africa (EMEA)	535,260		371,197		322,226
Asia and Pacific area countries (APAC)	215,939		132,656		106,226
	$	1,619,971	$	1,394,205	$	985,737

Revenue in the United States, which is included in the Americas geographic region, was $769.2 million, $796.0 million and $498.5 million in 2015, 2014 and 2013, respectively. In 2014, the Company reclassified four countries it had previously included in the APAC geographical region to be included in the EMEA geographical region. This caused $19.3 million and $10.6 million of revenue to be reclassified from the APAC region to the EMEA region in 2014 and 2013, respectively. The Company does not disclose revenue by product category as it does not track sales incentives and other revenue adjustments by product category to report such data.

As of December 31, 2015, 2014 and 2013, long-lived assets, which represent gross property and equipment, located outside the United States, primarily in China, were $47.6 million, $25.4 million and $6.0 million, respectively.