XML 40 R29.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Revenue and Accounts Receivable, Net (Tables)

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Pattern of Revenue Recognition

The pattern of revenue recognition was as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2024						2023						2024						2023
Goods and services transferred at a point in time			$	75,982					$	79,372					$	150,386					$	166,053
Goods and services transferred over time			14,470						28,019						31,966						49,715
Net sales			$	90,452					$	107,391					$	182,352					$	215,768

Revenue from External Customers by Geographic Areas

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

			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2024						2023						2024						2023
United States			$	18,910					$	33,133					$	45,622					$	66,562
Asia (excluding PRC)			18,224						19,302						37,108						46,402
Europe			20,715						22,043						38,254						46,069
People's Republic of China			17,412						17,904						31,813						30,032
Latin America			9,483						9,232						17,724						16,180
Other			5,708						5,777						11,831						10,523
Total net sales			$	90,452					$	107,391					$	182,352					$	215,768

Net Sales to Significant Customers

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

			Three Months Ended June 30,
			2024												2023
			$ (thousands)						% of Net Sales						$ (thousands)						% of Net Sales
Daikin Industries Ltd.			$	12,930					14.3		%				$	13,540					12.6		%
Sony Corporation			$	9,577					10.6		%				(1)						(1)

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

			Six Months Ended June 30,
			2024												2023
			$ (thousands)						% of Net Sales						$ (thousands)						% of Net Sales
Daikin Industries Ltd.			$	25,039					13.7		%				$	33,207					15.4		%
Comcast Corporation			(1)						(1)						$	24,416					11.3		%

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

Accounts Receivable, Net and Changes in the Allowance for Doubtful Accounts

Accounts receivable, net were as follows:

(In thousands)			June 30, 2024						December 31, 2023
Trade receivables, gross			$	94,202					$	106,182
Allowance for credit losses			(799)						(815)
Allowance for sales returns			(294)						(532)
Trade receivables, net			93,109						104,835
Other (1)			5,691						7,761
Accounts receivable, net			$	98,800					$	112,596

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

Changes in the allowance for credit losses were as follows:

(In thousands)			Six Months Ended June 30,
			2024						2023
Balance at beginning of period			$	815					$	957
Additions (reductions) to costs and expenses			—						3
Write-offs/Foreign exchange effects			(16)						(196)
Balance at end of period			$	799					$	764

Contract with Customer, Contract Asset, Contract Liability, and Receivable

Changes in the carrying amount of contract liabilities were as follows: 

(In thousands)			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Balance at beginning of period			$	4,384					$	2,702					$	3,501					$	1,931
Payments received			1,626						1,765						3,463						3,452
Revenue recognized			(1,287)						(1,536)						(2,225)						(2,452)
Foreign exchange effects			(6)						—						(22)						—
Balance at end of period			$	4,717					$	2,931					$	4,717					$	2,931

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
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

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration