XML 20 R10.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Revenue and Accounts Receivable, Net | 3 Months Ended
--- | ---
Mar. 31, 2024
Receivables [Abstract] |
Revenue and Accounts Receivable, Net | Revenue and Accounts Receivable, Net Revenue Details The pattern of revenue recognition was as follows:
| Three Months Ended March 31, |  |
(In thousands) | 2024 |  | 2023 |  |  |  |
Goods and services transferred at a point in time | $ | 74,404 |  |  | $ | 86,681 |  |  |  |  |
Goods and services transferred over time | 17,496 |  | 21,696 |  |  |  |
Net sales | $ | 91,900 |  |  | $ | 108,377 |  |  |  |  |
Our net sales to external customers by geographic area were as follows:
| Three Months Ended March 31, |  |
(In thousands) | 2024 |  | 2023 |  |  |  |
United States | $ | 26,712 |  |  | $ | 33,429 |  |  |  |  |
Asia (excluding PRC) | 18,884 |  | 27,100 |  |  |  |  |
Europe | 17,539 |  | 24,026 |  |  |  |
People's Republic of China | 14,401 |  | 12,128 |  |  |  |
Latin America | 8,241 |  | 6,948 |  |  |  |
Other | 6,123 |  | 4,746 |  |  |  |
Total net sales | $ | 91,900 |  |  | $ | 108,377 |  |  |  |  |
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 March 31,
| 2024 |  | 2023
| $ (thousands) |  | % of Net Sales |  | $ (thousands) |  | % of Net Sales |
Daikin Industries Ltd. | 12,109 |  |  | 13.2 | % |  | $ | 19,667 |  |  | 18.1 | % |
Charter Communications | 10,194 |  |  | 11.1 | % |  | (1) |  | (1) |
Comcast Corporation | (1) |  | (1) |  | $ | 14,720 |  |  | 13.6 | % |
(1) 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:
(In thousands) | March 31, 2024 |  | December 31, 2023
Trade receivables, gross | $ | 93,840 |  |  | $ | 106,182 |
Allowance for credit losses | (803) |  |  | (815) |
Allowance for sales returns | (410) |  |  | (532) |
Trade receivables, net | 92,627 |  |  | 104,835 |
Other (1) | 6,854 |  |  | 7,761 |
Accounts receivable, net | $ | 99,481 |  |  | $ | 112,596 |
(1)Other accounts receivable is primarily comprised of value added tax receivables, interest receivable and supplier rebate receivables. Allowance for Credit Losses Changes in the allowance for credit losses were as follows:
(In thousands) | Three Months Ended March 31,
2024 |  | 2023
Balance at beginning of period | $ | 815 |  |  | $ | 957 |
Additions (reductions) to costs and expenses | — |  |  | 1 |
Write-offs/Foreign exchange effects | (12) |  |  | (178) |
Balance at end of period | $ | 803 |  |  | $ | 780 |
There were no significant customers that totaled more than 10% of our accounts receivable at March 31, 2024 or December 31, 2023. Contract Liabilities We have current and non-current contract liability balances primarily relating to our firmware update provisioning and digital rights management validation services. Changes in the carrying amount of contract liabilities were as follows:
(In thousands) | Three Months Ended March 31,
2024 |  | 2023
Balance at beginning of period | $ | 3,501 |  |  | $ | 1,931 |
Payments received | 1,837 |  |  | 1,687 |
Revenue recognized | (938) |  |  | (916) |
Foreign exchange effects | (16) |  |  | — |
Balance at end of period | $ | 4,384 |  |  | $ | 2,702 |

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration