Revenue and Accounts Receivable, Net

6 Months Ended

Jun. 30, 2022

Receivables [Abstract]

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.