Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.3
Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
 9 Months Ended
Sep. 30, 2019
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,
 
2019
 
2018
 
2019
 
2018
Percentage of total net revenue
 
 
 
 
 
 
 
Customer A (distributor)
18
%
 
*
 
*

 
*

Customer B (direct)
15
%
 
*
 
13
%
 
21
%

____________________________
*
Represents less than 10% of total net revenue for the respective period.
Balances that are 10% or greater of accounts receivable, based on the Company's billings to the contract manufacturer customers, are as follows:
 
September 30,
 
December 31,
 
2019
 
2018
Percentage of gross accounts receivable
 
 
 
Customer A
16
%
 
*

Customer C
*

 
10
%

____________________________
*
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,
 
2019
 
2018
 
2019
 
2018
Vendor A
16
%
 
11
%
 
18
%
 
12
%
Vendor B
23
%
 
12
%
 
16
%
 
19
%
Vendor C
15
%
 
24
%
 
14
%
 
19
%
Vendor D
10
%
 
13
%
 
12
%
 
15
%


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,
 
2019
 
2018
 
2019
 
2018
 
Amount
 
% of total net revenue
 
Amount
 
% of total net revenue
 
Amount
 
% of total net revenue
 
Amount
 
% of total net revenue
Asia
$
67,794

 
85
%
 
$
68,750

 
81
%
 
$
207,661

 
84
%
 
$
240,853

 
81
%
United States
2,724

 
3
%
 
4,474

 
5
%
 
10,851

 
4
%
 
14,305

 
5
%
Rest of world
9,502

 
12
%
 
11,786

 
14
%
 
28,650

 
12
%
 
42,212

 
14
%
Total
$
80,020

 
100
%
 
$
85,010

 
100
%
 
$
247,162

 
100
%
 
$
297,370

 
100
%


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 September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Percentage of total net revenue
 
 
 
 
 
 
 
China
52
%
 
61
%
 
60
%
 
62
%

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,
 
 
2019
 
2018(1)
 
 
Amount
 
% of total
 
Amount
 
% of total
United States
 
$
403,133

 
85
%
 
$
426,321

 
85
%
Singapore
 
65,765

 
14
%
 
71,945

 
14
%
Rest of world
 
5,572

 
1
%
 
3,368

 
1
%
Total
 
$
474,470

 
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.