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

v3.22.2
Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
 6 Months Ended
Jun. 30, 2022
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 June 30, Six Months Ended June 30,
2022 2021 2022 2021
Percentage of total net revenue
Customer A (direct) 18  % 15  % 17  % 15  %
Customer B (direct) 11  % 11  % 11  % 12  %
The following table presents balances that are 10% or greater of accounts receivable, based on the Company’s billings to its customers.
June 30, December 31,
2022 2021
Percentage of gross accounts receivable
Customer B (direct) * 14  %
Customer C (distributor) 14  % *
Customer D (direct) * 17  %
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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:
Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
Vendor A 30  % 38  % 29  % 41  %
Vendor B 23  % 24  % 25  % 22  %
Vendor C 13  % 10  % 12  % 10  %
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 June 30, Six Months Ended June 30,
2022 2021 2022 2021
Amount % of total net revenue Amount % of total net revenue Amount % of total net revenue Amount % of total net revenue
Asia $ 227,655  81  % $ 169,088  82  % $ 439,320  81  % $ 340,248  82  %
United States 9,684  3  % 8,027  4  % 18,552  3  % 18,327  4  %
Rest of world 42,670  16  % 28,261  14  % 86,064  16  % 56,160  14  %
Total $ 280,009  100  % $ 205,376  100  % $ 543,936  100  % $ 414,735  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 June 30, Six Months Ended June 30,
2022 2021 2022 2021
Percentage of total net revenue
Hong Kong 40  % 44  % 39  % 40  %
China 22  % * 17  % 11  %
Vietnam * 14  % * 13  %
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*    Represents less than 10% of the net 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):
June 30, December 31,
2022 2021
Amount % of total Amount % of total
United States $ 369,041  69  % $ 382,650  70  %
Singapore 116,901  22  % 122,474  22  %
Rest of world 46,015  9  % 42,277  8  %
Total $ 531,957  100  % $ 547,401  100  %