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

v3.22.1
Concentration of Credit Risk, Significant Customers and Geographic Information (Tables)
 3 Months Ended
Mar. 31, 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 March 31,
2022 2021
Percentage of total net revenue
Customer A (direct) 16  % 15  %
Customer B (direct) 11  % 12  %
Customer C (distributor) 10  % 11  %

The following table presents balances that are 10% or greater of accounts receivable, based on the Company’s billings to its customers.
March 31, December 31,
2022 2021
Percentage of gross accounts receivable
Customer B (direct) 12  % 14  %
Customer C (distributor) 16  % *
Customer D (direct) 10  % 17  %
____________________________
*    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 March 31,
2022 2021
Vendor A 27  % 45  %
Vendor B 26  % 20  %
Vendor C 12  % 11  %
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 March 31,
2022 2021
Amount % of total net revenue Amount % of total net revenue
Asia $ 211,665  80  % $ 171,160  82  %
United States 8,868  3  % 10,300  5  %
Rest of world 43,394  17  % 27,899  13  %
Total $ 263,927  100  % $ 209,359  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 March 31,
2022 2021
Percentage of total net revenue
Hong Kong 38  % 37  %
China 11  % 14  %
Vietnam 13  % 12  %
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):
March 31, December 31,
2022 2021
Amount % of total Amount % of total
United States $ 372,671  69  % $ 382,650  70  %
Singapore 121,117  22  % 122,474  22  %
Rest of world 46,019  9  % 42,277  8  %
Total $ 539,807  100  % $ 547,401  100  %