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Revenue and Accounts Receivable, Net (Tables) | 3 Months Ended
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Mar. 31, 2025
Receivables [Abstract] |
Schedule of Revenue Recognition | The pattern of revenue recognition was as follows:
| Three Months Ended March 31, |  |
(In thousands) | 2025 |  | 2024 |  |  |  |
Goods and services transferred at a point in time | $ | 71,391 |  |  | $ | 74,404 |  |  |  |  |
Goods and services transferred over time | 20,935 |  | 17,496 |  |  |  |
Net sales | $ | 92,326 |  |  | $ | 91,900 |  |  |  |  |
Our net sales to external customers by channel were as follows:
| Three Months Ended March 31, |  |
(In thousands) | 2025 |  | 2024 |  |  |  |
Connected home (1) | $ | 31,729 |  |  | $ | 24,171 |  |  |  |  |
Home entertainment (2) | 60,597 |  | 67,729 |  |  |  |
Net sales | $ | 92,326 |  |  | $ | 91,900 |  |  |  |  |
(1)The connected home channel represents climate control, smart home and security product sales sold primarily to HVAC, security, home automation and home appliance customers. (2)The home entertainment channel represents entertainment-related product sales sold primarily to video service providers, consumer electronics original equipment manufacturers ("OEMs") and retailers. It also includes sales associated with intellectual property licensing and our cloud-based software solution.
Revenue from External Customers by Geographic Areas | Our net sales to external customers by geographic area were as follows:
| Three Months Ended March 31, |  |
(In thousands) | 2025 |  | 2024 |  |  |  |
United States | $ | 30,558 |  |  | $ | 26,712 |  |  |  |  |
Asia (excluding PRC) | 18,747 |  | 18,884 |  |  |  |  |
Europe | 20,698 |  | 17,539 |  |  |  |
Latin America | 6,550 |  | 8,241 |  |  |  |
PRC | 8,918 |  | 14,401 |  |  |  |
Other | 6,855 |  | 6,123 |  |  |  |
Total net sales | $ | 92,326 |  |  | $ | 91,900 |  |  |  |  |
Accounts Receivable, Net and Changes in the Allowance for Credit Losses | Accounts receivable, net were as follows:
(In thousands) | March 31, 2025 |  | December 31, 2024
Trade receivables, gross | $ | 85,967 |  |  | $ | 93,773 |
Allowance for credit losses | (1,812) |  |  | (1,863) |
Allowance for sales returns | (312) |  |  | (383) |
Trade receivables, net | 83,843 |  |  | 91,527 |
Other (1) | 22,164 |  |  | 22,655 |
Accounts receivable, net | $ | 106,007 |  |  | $ | 114,182 |
(1)Other accounts receivable is primarily comprised of supplier, supplier rebate and interest receivables. (2)Accounts receivable, net at December 31, 2023 was $112.6 million. Changes in the allowance for credit losses were as follows:
(In thousands) | Three Months Ended March 31,
2025 |  | 2024
Balance at beginning of period | $ | 1,863 |  |  | $ | 815 |
Additions (reductions) to costs and expenses | 19 |  |  | — |
Write-offs/Foreign exchange effects | (70) |  |  | (12) |
Balance at end of period | $ | 1,812 |  |  | $ | 803 |
Carrying Amount of Contract Liabilities | Changes in the carrying amount of contract liabilities were as follows:
(In thousands) | Three Months Ended March 31, |  |
2025 |  | 2024 |  |  |  |
Balance at beginning of period | $ | 3,237 |  |  | $ | 3,501 |  |  |  |  |
Payments received | 2,193 |  |  | 1,837 |  |  |  |  |
Revenue recognized | (1,150) |  |  | (938) |  |  |  |  |
Foreign exchange effects | 5 |  |  | (16) |  |  |  |  |
Balance at end of period | $ | 4,285 |  |  | $ | 4,384 |  |  |  |  |
Schedule of Net Sales to Significant Customers | Net sales to the following customers totaled more than 10% of our net sales:
| Three Months Ended
| 2025 |  | 2024
| $ (thousands) |  | % of Net Sales |  | $ (thousands) |  | % of Net Sales |
Daikin Industries Ltd. | $ | 16,365 |  |  | 17.7 | % |  | $ | 12,109 |  |  | 13.2 | % |
Comcast Communications | $ | 10,349 |  |  | 11.2 | % |  | (1) |  | (1) |
Charter Communications | (1) |  | (1) |  | $ | 10,194 |  |  | 11.1 | % |
(1) Sales associated with this customer did not total more than 10% of our net sales for the indicated period.

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- 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
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- 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
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- 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
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