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CONCENTRATION OF RISK
6 Months Ended
Jun. 30, 2024
Risks and Uncertainties [Abstract]  
CONCENTRATION OF RISK

19. CONCENTRATION OF RISK:

Revenues and accounts receivable from the Company's largest customers were as follows (in thousands):

 

 

% of Total Revenue for the
 Three Months Ended June 30,

 

% of Total Revenue for the
 Six Months Ended June 30,

 

Accounts Receivable as of

 

Customer

 

2024

 

2023

 

2024

 

2023

 

June 30, 2024

 

A

 

48%

 

36%

 

45%

 

33%

 

$

11,815

 

B

 

23%

 

22%

 

24%

 

24%

 

$

36,140

 

C

 

14%

 

13%

 

15%

 

17%

 

$

41,170

 

D

 

5%

 

14%

 

5%

 

11%

 

$

9,497

 

 

Revenues from outside of North America represented approximately 98% of consolidated revenue for both three-month periods ended June 30, 2024 and 2023, and 98% and 97% for the six months ended June 30, 2024 and 2023, respectively. Revenues by geographic area are as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Country

 

2024

 

 

2023

 

 

2024

 

 

2023

 

South Korea

 

$

108,194

 

 

$

82,029

 

 

$

210,592

 

 

$

148,089

 

China

 

 

45,236

 

 

 

57,520

 

 

 

102,706

 

 

 

114,947

 

Japan

 

 

1,256

 

 

 

1,509

 

 

 

2,510

 

 

 

3,156

 

Other non-U.S. locations

 

 

273

 

 

 

1,978

 

 

 

1,938

 

 

 

3,315

 

Total non-U.S. locations

 

 

154,959

 

 

 

143,036

 

 

 

317,746

 

 

 

269,507

 

United States

 

 

3,546

 

 

 

3,529

 

 

 

6,018

 

 

 

7,525

 

Total revenue

 

$

158,505

 

 

$

146,565

 

 

$

323,764

 

 

$

277,032

 

The Company attributes revenue to different geographic areas on the basis of the location of the customer.

Property and equipment, net by geographic area are as follows (in thousands):

 

 

 

June 30, 2024

 

 

December 31, 2023

 

United States

 

$

120,681

 

 

$

118,250

 

Ireland

 

 

50,109

 

 

 

42,203

 

Other

 

 

14,684

 

 

 

14,697

 

Total property and equipment, net

 

$

185,474

 

 

$

175,150

 

Substantially all chemical materials were purchased from one supplier. See Note 13 for further explanation.