Quarterly report pursuant to Section 13 or 15(d)

Significant Customer and Geographic Information

v3.7.0.1
Significant Customer and Geographic Information
 3 Months Ended
Mar. 31, 2017
Risks and Uncertainties [Abstract]  
Significant Customer and Geographic Information
Concentration of Credit Risk, Significant Customers and Geographic Information
Financial instruments, which potentially subject the Company to concentrations of credit risk, consist primarily of cash and cash equivalents and accounts receivable. Collateral is generally not required for customer receivables. The Company limits its exposure to credit loss by placing its cash with high credit quality financial institutions. At times, such deposits may be in excess of insured limits. The Company has not experienced any losses on its deposits of cash and cash equivalents.

Significant Customers

The Company markets its products and services to manufacturers of a wide range of electronic devices, including cable and terrestrial and satellite set-top boxes and gates, DOCSIS data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units, physical medium devices that go into optical modules for data center, metro, and long-haul transport network applications, and RF transceiver and modem devices for wireless access and backhaul applications. The Company makes periodic evaluations of the credit worthiness of its customers.

Customers comprising greater than 10% of net revenues for each of the periods presented are as follows:
 
Three Months Ended March 31,
 
2017
 
2016
Percentage of total net revenue
 
 
 
Arris
31
%
 
24
%
Cisco
*

 
18
%
WNC Corporation
*

 
14
%
____________________________
*
Represents less than 10% of the net revenue for the respective period.
Balances that are 10% or greater of accounts receivable, based on the Company's billings to the contract manufacturer customers, are as follows:
 
March 31,
 
December 31,
 
2017
 
2016
Percentage of gross accounts receivable
 
 
 
Pegatron Corporation
21
%
 
17
%
Sernet Technologies Corporation
12
%
 
15
%
WNC Corporation
*

 
12
%

____________________________
*
Represents less than 10% of the gross accounts receivable for the respective period end.

Suppliers comprising greater than 10% of total inventory purchases are as follows:
 
Three Months Ended March 31,
 
2017
 
2016
United Microelectronics Corporation
21
%
 
14
%
Taiwan Semiconductor Manufacturing Company
19
%
 
*

Globalfoundries
17
%
 
20
%
Semiconductor Manufacturing International Corp
15
%
 
13
%
Advanced Semiconductor Engineering
12
%
 
11
%
Tower-Jazz Semiconductor
*

 
18
%

____________________________
*
Represents less than 10% of the inventory purchases for the respective period.

Geographic Information

The Company's consolidated net revenues by geographic area based on ship-to location are as follows:
 
Three Months Ended March 31,
 
2017
 
2016
 
Amount
 
% of total net revenue
 
Amount
 
% of total net revenue
Asia
$
84,332

 
95
%
 
$
96,979

 
94
%
United States
145

 
—
%
 
2,948

 
3
%
Rest of world
4,364

 
5
%
 
2,758

 
3
%
Total
$
88,841

 
100
%
 
$
102,685

 
100
%

The products shipped to individual countries representing greater than 10% of net revenue for each of the periods presented are as follows:
 
Three Months Ended March 31,
 
2017
 
2016
Percentage of total net revenue
 
 
 
China
78
%
 
81
%

The determination of which country a particular sale is allocated to is based on the destination of the product shipment. No other individual country in Asia Pacific, United States, or the rest of the world accounted for more than 10% of net revenue during these periods.
Long-lived assets, which consists of property and equipment, net, intangible assets, net, and goodwill by geographic area are as follows (in thousands):
 
March 31,
 
December 31,
 
2017
 
2016
 
Amount
 
% of total
 
Amount
 
% of total
United States
$
108,158

 
56
%
 
$
111,336

 
55
%
Singapore
83,998

 
43
%
 
78,318

 
39
%
Rest of world
2,358

 
1
%
 
11,171

 
6
%
Total
$
194,514

 
100
%
 
$
200,825

 
100
%
 
Three Months Ended March 31,
 
2017
 
2016
 
Amount
 
% of total net revenue
 
Amount
 
% of total net revenue
Asia
$
84,332

 
95
%
 
$
96,979

 
94
%
United States
145

 
—
%
 
2,948

 
3
%
Rest of world
4,364

 
5
%
 
2,758

 
3
%
Total
$
88,841

 
100
%
 
$
102,685

 
100
%