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)
 6 Months Ended
Jun. 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 June 30, Six Months Ended June 30,
2021 2020 2021 2020
Percentage of total net revenue
Customer A (direct) 15  % 10  % 15  % 10  %
Customer B (direct) 11  % * 12  % *
Customer C (distributor) * 16  % * 17  %
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*    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.
June 30, December 31,
2021 2020
Percentage of gross accounts receivable
Customer D (distributor) * 13  %
Customer B (direct) 14  % 17  %
Customer E (direct) 10  % *
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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,
2021 2020 2021 2020
Vendor A 38  % * 41  % *
Vendor B 24  % 15  % 22  % 16  %
Vendor C 10  % 20  % 10  % 18  %
Vendor D * 18  % * 18  %
Vendor E * 16  % * 17  %
* 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 June 30, Six Months Ended June 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 $ 169,088  82  % $ 54,095  83  % $ 340,248  82  % $ 105,480  83  %
United States 8,027  4  % 3,289  5  % 18,327  4  % 5,227  4  %
Rest of world 28,261  14  % 7,836  12  % 56,160  14  % 16,540  13  %
Total $ 205,376  100  % $ 65,220  100  % $ 414,735  100  % $ 127,247  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,
2021 2020 2021 2020
Percentage of total net revenue
Hong Kong 44  % 42  % 40  % 46  %
China * 11  % 11  % 10  %
Vietnam 14  % * 13  % *
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*    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):
June 30, December 31,
2021 2020
Amount % of total Amount % of total
United States $ 379,309  69  % $ 403,071  72  %
Singapore 127,327  23  % 136,967  24  %
Rest of world 42,107  8  % 31,412  5  %
Total $ 548,743  100  % $ 571,450  100  %