Annual report pursuant to Section 13 and 15(d)

Significant Customer and Geographic Information

v3.10.0.1
Significant Customer and Geographic Information
 12 Months Ended
Dec. 31, 2018
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 (Note 1). 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:
 
Years Ended December 31,
 
2018
 
2017
 
2016
Percentage of total net revenue
 
 
 
 
 
Customer A
18
%
 
25
%
 
27
%
Customer B
*

 
*

 
10
%
                                        
* Represents less than 10% of the net revenue for the respective period.
Balances greater than 10% of accounts receivable, based on the Company's billings to the contract manufacturer customers, are as follows:
 
December 31,
 
2018
 
2017
Percentage of gross accounts receivable
 
 
 
Customer C
*

 
17
%
Customer D
*

 
10
%
Customer E
10
%
 
*


                                        
* 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:
 
Years ended December 31,
 
2018
 
2017
 
2016
Vendor A
16
%
 
21
%
 
16
%
Vendor B
19
%
 
16
%
 
13
%
Vendor C
15
%
 
15
%
 
11
%
Vendor D
*

 
14
%
 
11
%
Vendor E
13
%
 
11
%
 
18
%
Vendor F
*

 
*

 
12
%

                                        
* 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 (in thousands):
 
Years Ended December 31,
 
2018
 
2017
 
2016
 
Amount
 
% of total net revenue
 
Amount
 
% of total net revenue
 
Amount
 
% of total net revenue
Asia
$
312,877

 
81
%
 
$
372,103

 
89
%
 
$
360,325

 
93
%
United States
18,060

 
5
%
 
10,829

 
2
%
 
9,181

 
2
%
Rest of world
54,060

 
14
%
 
37,386

 
9
%
 
18,326

 
5
%
Total
$
384,997

 
100
%
 
$
420,318

 
100
%
 
$
387,832

 
100
%

The products shipped to individual countries representing greater than 10% of net revenue for each of the periods presented are as follows:
 
Years Ended December 31,
 
2018
 
2017
 
2016
Percentage of total net revenue
 
 
 
 
 
China
63
%
 
71
%
 
78
%

The determination of which country a particular sale is allocated to is based on the destination of the product shipment. No other individual country accounted for more than 10% of net revenue during these periods.
Long-lived assets, which consists of property and equipment, intangible assets, and goodwill, by geographic area are as follows (in thousands):
 
As of December 31,
 
2018
 
2017
 
Amount
 
% of total
 
Amount
 
% of total
United States
$
426,321

 
85
%
 
$
481,638

 
84
%
Singapore
71,945

 
14
%
 
92,414

 
16
%
Rest of world
3,368

 
1
%
 
1,643

 
—
%
Total
$
501,634

 
100
%
 
$
575,695

 
100
%