Quarterly report pursuant to Section 13 or 15(d)

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

v3.21.2
Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
 9 Months Ended
Sep. 30, 2021
Risks and Uncertainties [Abstract]  
Schedules of Concentration of Risk, by Risk Factor
Customers comprising greater than 10% of net revenues for each of the periods presented are as follows:
Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Percentage of total net revenue
Customer A (direct) 17  % 19  % 16  % 15  %
Customer B (direct) * 11  % 10  % *
Customer C (distributor) * * * 11  %
Customer D (distributor) 10  % * * *
____________________________
*    Represents less than 10% of total net revenue for the respective period.

The following table presents balances that are 10% or greater of accounts receivable, based on the Company’s billings to its customers.
September 30, December 31,
2021 2020
Percentage of gross accounts receivable
Customer B (direct) —  % 17  %
Customer D (distributor) 11  % *
Customer E (direct) 10  % *
Customer F (distributor) * 13  %
____________________________
*    Represents less than 10% of the gross accounts receivable as of the respective period end.
Significant Suppliers

Suppliers comprising greater than 10% of total inventory purchases are as follows:
Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Vendor A 44  % 42  % 44  % 27  %
Vendor B 19  % 18  % 20  % 17  %
Vendor C 11  % * 11  % 11  %
Vendor D * * * 12  %
* Represents less than 10% of the inventory purchases for the respective period.
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 September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Amount % of total net revenue Amount % of total net revenue Amount % of total net revenue Amount % of total net revenue
Asia $ 191,874  83  % $ 128,566  82  % $ 532,122  83  % $ 234,046  82  %
United States 8,971  4  % 4,750  3  % 27,298  4  % 9,976  4  %
Rest of world 28,929  13  % 23,317  15  % 85,089  13  % 39,858  14  %
Total $ 229,774  100  % $ 156,633  100  % $ 644,509  100  % $ 283,880  100  %

The products shipped to individual countries or territories representing greater than 10% of net revenue for each of the periods presented are as follows:
Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Percentage of total net revenue
Hong Kong 40  % 44  % 40  % 45  %
China 12  % 21  % 11  % 16  %
Vietnam 11  % * 12  % *
____________________________
*    Represents less than 10% of total revenue for the respective period.
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):
September 30, December 31,
2021 2020
Amount % of total Amount % of total
United States $ 376,870  69  % $ 403,071  72  %
Singapore 123,645  23  % 136,967  24  %
Rest of world 42,897  8  % 31,412  5  %
Total $ 543,412  100  % $ 571,450  100  %