Revenue and Accounts Receivable, Net

9 Months Ended

Sep. 30, 2023

Revenue Details

The pattern of revenue recognition was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2023		2022		2023		2022
Goods and services transferred at a point in time	$	83,855	$	127,672	$	249,908	$	355,113
Goods and services transferred over time	23,240		20,810		72,955		64,880
Net sales	$	107,095	$	148,482	$	322,863	$	419,993

Our net sales to external customers by geographic area were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2023		2022		2023		2022
United States	$	31,737	$	46,732	$	97,892	$	130,196
Asia (excluding PRC)	20,107		32,614		66,508		100,000
Europe	22,529		27,358		68,598		76,382
People's Republic of China	19,049		26,696		49,082		68,604
Latin America	8,227		7,602		24,408		20,996
Other	5,446		7,480		16,375		23,815
Total net sales	$	107,095	$	148,482	$	322,863	$	419,993

Specific identification of the customer billing location was the basis used for attributing revenues from external customers to geographic areas.

Net sales to the following customers totaled more than 10% of our net sales:


	Three Months Ended September 30,
	2023				2022
	$ (thousands)		% of Net Sales		$ (thousands)		% of Net Sales
Comcast Corporation	(1)		(1)		$	23,615	15.9	%
Daikin Industries Ltd.	$	15,194	14.2	%	$	21,381	14.4	%
Sony Corporation	$	11,825	11.0	%	(1)		(1)

(1) Net sales associated with this customer did not total more than 10% of our net sales for the indicated period.

Accounts Receivable, Net

Accounts receivable, net were as follows:

(1)Other accounts receivable is primarily comprised of value added tax and supplier rebate receivables.

Allowance for Credit Losses

Changes in the allowance for credit losses were as follows:


(In thousands)	Nine Months Ended September 30,
	2023		2022
Balance at beginning of period	$	957	$	1,285
Additions (reductions) to costs and expenses	69		(204)

Write-offs/Foreign exchange effects	(207)		(135)
Balance at end of period	$	819	$	946

Trade receivables associated with these significant customers that totaled more than 10% of our accounts receivable, net were as follows:

(1) Trade receivables associated with this customer did not total more than 10% of our accounts receivable, net for the indicated period.