Quarterly report pursuant to Section 13 or 15(d)

Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)

v3.19.1
Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
3 Months Ended
Mar. 31, 2019
Risks and Uncertainties [Abstract]  
Schedules of Concentration of Risk, by Risk Factor
Suppliers comprising greater than 10% of total inventory purchases are as follows:
 
Three Months Ended March 31,
 
2019
 
2018
Vendor A
19
%
 
14
%
Vendor B
14
%
 
19
%
Vendor C
13
%
 
16
%
Vendor D
*

 
21
%

____________________________
*
Represents less than 10% of the inventory purchases for the respective period.
Customers comprising greater than 10% of net revenues for each of the periods presented are as follows:
 
Three Months Ended March 31,
 
2019
 
2018
Percentage of total net revenue
 
 
 
Customer A
12
%
 
27
%
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,
 
2019
 
2018
Percentage of total net revenue
 
 
 
China
67
%
 
61
%
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,
 
2019
 
2018
Percentage of gross accounts receivable
 
 
 
Customer B
*

 
10
%
Customer C
11
%
 
*


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

Revenue from External Customers by Geographic Areas
The Company's consolidated net revenues by geographic area based on ship-to location are as follows (in thousands):
 
Three Months Ended March 31,
 
2019
 
2018
 
Amount
 
% of total net revenue
 
Amount
 
% of total net revenue
Asia
$
71,548

 
85
%
 
$
84,814

 
77
%
United States
4,352

 
5
%
 
5,195

 
5
%
Rest of world
8,735

 
10
%
 
20,818

 
19
%
Total
$
84,635

 
100
%
 
$
110,827

 
100
%
Long-lived Assets by Geographic Areas
Long-lived assets, which consists of property and equipment, net, leased right-of-use assets, intangible assets, net, and goodwill by geographic area are as follows (in thousands):
 
 
March 31,
 
December 31,
 
 
2019
 
2018(1)
 
 
Amount
 
% of total
 
Amount
 
% of total
United States
 
$
430,879

 
85
%
 
$
426,321

 
85
%
Singapore
 
70,289

 
14
%
 
71,945

 
14
%
Rest of world
 
6,326

 
1
%
 
3,368

 
1
%
Total
 
$
507,494

 
100
%
 
$
501,634

 
100
%
_____________
(1) Amounts do not include leased right-of-use assets in the prior period due to the adoption of ASC 842 under the modified retrospective method with a cumulative effect adjustment to accumulated deficit as of January 1, 2019.