Revenue and Accounts Receivable, Net |
Revenue and Accounts Receivable, Net Revenue Details
The pattern of revenue recognition was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (In thousands) | 2022 | | 2021 | | 2022 | | 2021 | Goods and services transferred at a point in time | $ | 118,355 | | | $ | 119,503 | | | $ | 227,441 | | | $ | 242,391 | | Goods and services transferred over time | 20,746 | | 30,988 | | 44,070 | | 58,642 | | Net sales | $ | 139,101 | | | $ | 150,491 | | | $ | 271,511 | | | $ | 301,033 | |
Our net sales to external customers by geographic area were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (In thousands) | 2022 | | 2021 | | 2022 | | 2021 | United States | $ | 39,637 | | | $ | 51,322 | | | $ | 83,464 | | | $ | 101,614 | | Asia (excluding PRC) | 34,322 | | 31,608 | | | 67,386 | | 65,824 | | Europe | 26,364 | | 31,640 | | 49,024 | | 59,167 | People's Republic of China | 22,616 | | 23,489 | | 41,908 | | 47,829 | Latin America | 6,906 | | 5,368 | | 13,394 | | 11,512 | Other | 9,256 | | 7,064 | | 16,335 | | 15,087 | Total net sales | $ | 139,101 | | | $ | 150,491 | | | $ | 271,511 | | | $ | 301,033 | |
Specific identification of the customer billing location was the basis used for attributing revenues from external customers to geographic areas.
Net sales to the following customers totaled more than 10% of our net sales: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | 2022 | | 2021 | | $ (thousands) | | % of Net Sales | | $ (thousands) | | % of Net Sales | | Comcast Corporation | $ | 18,723 | | | 13.5 | % | | $ | 24,699 | | | 16.4 | % | | Daikin Industries Ltd. | $ | 20,875 | | | 15.0 | % | | $ | 16,448 | | | 10.9 | % | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | 2022 | | 2021 | | $ (thousands) | | % of Net Sales | | $ (thousands) | | % of Net Sales | | Comcast Corporation | $ | 38,607 | | | 14.2 | % | | $ | 51,900 | | | 17.2 | % | | Daikin Industries Ltd. | $ | 38,016 | | | 14.0 | % | | $ | 33,885 | | | 11.3 | % | | | | | | | | | | |
Accounts Receivable, Net
Accounts receivable, net were as follows: | | | | | | | | | | | | (In thousands) | June 30, 2022 | | December 31, 2021 | Trade receivables, gross | $ | 128,148 | | | $ | 122,508 | | Allowance for credit losses | (1,003) | | | (1,285) | | Allowance for sales returns | (567) | | | (592) | | Trade receivables, net | 126,578 | | | 120,631 | | Other (1) | 5,363 | | | 8,584 | | Accounts receivable, net | $ | 131,941 | | | $ | 129,215 | |
(1)Other accounts receivable is primarily comprised of value added tax and supplier rebate receivables. Allowance for Credit Losses
Changes in the allowance for credit losses were as follows: | | | | | | | | | | | | (In thousands) | Six Months Ended June 30, | 2022 | | 2021 | Balance at beginning of period | $ | 1,285 | | | $ | 1,412 | | Additions (reductions) to costs and expenses | (204) | | | 1 | | | | | | Write-offs/Foreign exchange effects | (78) | | | (41) | | Balance at end of period | $ | 1,003 | | | $ | 1,372 | |
Trade receivables associated with these significant customers that totaled more than 10% of our accounts receivable, net were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2022 | | December 31, 2021 | | | $ (thousands) | | % of Accounts Receivable, Net | | $ (thousands) | | % of Accounts Receivable, Net | | Comcast Corporation | $ | 16,817 | | | 12.7 | % | | $ | — | | (1) | — | % | (1) | Daikin Industries Ltd. | $ | 13,202 | | | 10.0 | % | | $ | — | | (1) | — | % | (1) |
(1) Trade receivables associated with this customer did not total more than 10% of our accounts receivable, net for the indicated period.
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