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Concentrations of risk and geographic information
 9 Months Ended
Sep. 30, 2022
Risks and Uncertainties [Abstract]  
Concentrations of risk and segment information Concentrations of risk and geographic information Concentration of risk. Financial instruments which potentially subject the Company to concentration of credit risk includes cash and cash equivalents, marketable securities, accounts receivable, and derivative instruments, including the Capped Calls associated with the 2025 Notes. The Company places cash and cash equivalents with high-credit-quality financial institutions; however, the Company maintains cash balances in excess of the FDIC insurance limits. The Company believes that credit risk for 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 the Company’s expectations. The Company believes its counterparty credit risk related to its derivative instruments is mitigated by transacting with major financial institutions with high credit ratings.
Customers who represented 10% or more of the Company’s net accounts receivable balance were as follows:
September 30, 2022December 31, 2021
Customer A14%18%
Customer B13%30%
* Less than 10% of net accounts receivable for the period indicated.
The following table summarizes the Company’s accounts receivables sold, without recourse, and factoring fees paid:
Three months ended September 30,Nine months ended September 30,
(in thousands)
2022202120222021
Accounts receivable sold$37,587 $39,231 $88,408 $73,867 
Factoring fees368 130 633 345 
Third-party customers who represented 10% or more of the Company’s total revenue were as follows:
Three months ended September 30,Nine months ended September 30,
2022202120222021
Customer A*13%*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 products, 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. In instances where an outsourcing agreement does not exist or these third parties fail to perform their obligations, the Company may be unable to find alternative partners or satisfactorily deliver its products to its customers on time.
Geographic information
Revenue by geographic region was as follows:
Three months ended September 30,Nine months ended September 30,
(in thousands)
2022202120222021
Americas
$139,419 $160,875 $368,379 $414,113 
Europe, Middle East and Africa (EMEA)
84,994 85,791 218,216 196,784 
Asia and Pacific (APAC)
80,717 70,003 185,925 159,038 
Total revenue
$305,130 $316,669 $772,520 $769,935 

Revenue from the United States, which is included in the Americas geographic region, was $119.1 million and $138.1 million for the three months ended September 30, 2022 and 2021, respectively, and $312.3 million and $362.8 million for the nine months ended September 30, 2022 and 2021. No other individual country exceeded 10% of total revenue for any period presented. 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 September 30, 2022 and December 31, 2021, long-lived assets, which represent net property and equipment, located outside the United States, primarily in Hong Kong and mainland China, were $5.1 million and $6.2 million, respectively.