Annual report pursuant to Section 13 and 15(d)

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

v3.22.0.1
Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
 12 Months Ended
Dec. 31, 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:
Year Ended December 31,
2021 2020 2019
Percentage of total net revenue
Customer A (direct) 15  % 15  % 14  %
Customer B (direct) 11  % 13  % *
____________________________
*    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.
December 31, December 31,
2021 2020
Percentage of gross accounts receivable
Customer B (direct) 14  % 17  %
Customer C (direct) 17  % *
Customer D (distributor) * 13  %
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*    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:
Year Ended December 31,
2021 2020 2019
Vendor A 38  % 34  % *
Vendor B 22  % 20  % 14  %
Vendor C 12  % * 17  %
Vendor D * 11  % 13  %
Vendor E * * 15  %
* 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):
Years Ended December 31,
2021 2020 2019
Amount % of total net revenue Amount % of total net revenue Amount % of total net revenue
Asia $ 736,808  83  % $ 393,579  82  % $ 265,122  84  %
United States 35,978  4  % 15,501  3  % 13,984  4  %
Rest of world 119,612  13  % 69,516  15  % 38,074  12  %
Total $ 892,398  100  % $ 478,596  100  % $ 317,180  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:
Years Ended December 31,
2021 2020 2019
Percentage of total net revenue
Hong Kong 40  % 42  % 46  %
China 12  % 17  % 14  %
Vietnam 13  % * *
____________________________
*    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):
December 31, December 31,
2021 2020
Amount % of total Amount % of total
United States $ 382,650  70  % $ 403,071  72  %
Singapore 122,474  22  % 136,967  24  %
Rest of world 42,277  8  % 31,412  5  %
Total $ 547,401  100  % $ 571,450  100  %