XML 37 R25.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Revenue (Tables)
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenue The following tables disclose revenue by product type and the timing of recognition of revenue for transfer of goods and services to customers:
Three-Month Period Ended March 31, 2024
Topic 606 Revenue
Point-in-TimeOver Time
Lease Revenue Per Topic 842
Total Revenue
ATS development
Time and materials contracts
$— $42,496 $— $42,496 
Fixed price contracts— 17,522 — 17,522 
Other— — 1,167 1,167 
Total ATS development
— 60,018 1,167 61,185 
Tools
8,459 — — 8,459 
Wafer Services1,145 8,847 — 9,992 
Total
$9,604 $68,865 $1,167 $79,636 
Three-Month Period Ended April 2, 2023
Topic 606 Revenue
Point-in-TimeOver Time
Lease Revenue Per Topic 842
Total Revenue
ATS development
Time and materials contracts
$— $27,295 $— $27,295 
Fixed price contracts— 19,308 — 19,308 
Other— — 1,167 1,167 
Total ATS development
— 46,603 1,167 47,770 
Tools
536 — — 536 
Wafer Services
3,950 13,838 — 17,788 
Total
$4,486 $60,441 $1,167 $66,094 
Schedule of Revenue by Country
The following table discloses revenue for the three-month periods ended March 31, 2024 and April 2, 2023 by country as determined based on customer address:
Three-Month Period Ended
March 31, 2024April 2, 2023
United States$76,224 $58,202 
Canada2,233 2,388 
Hong Kong47 3,019 
United Kingdom285 104 
All others847 2,381 
Total
$79,636 $66,094 
Schedule of Contract Liabilities The contract liabilities and other significant components of contract liabilities at March 31, 2024 and December 31, 2023 are as follows:
 March 31, 2024December 31, 2023
Contract
Deferred Revenue (1)
Lease Deferred
Revenue
Total
Contract Liabilities
Contract
Deferred Revenue (1)
Lease Deferred
Revenue
Total
Contract Liabilities
Current$51,441 $4,668 $56,109 $44,883 $4,668 $49,551 
Long-term57,828 777 58,605 63,810 1,944 65,754 
Total$109,269 $5,445 $114,714 $108,693 $6,612 $115,305 
__________________
(1)Contract deferred revenue includes $56,542 and $59,323 at March 31, 2024 and December 31, 2023, respectively, related to material rights provided to a significant customer in exchange for funding additional manufacturing capacity. Of these amounts, $11,123 and $11,123 were classified as current in the interim condensed consolidated balance sheets as of March 31, 2024 and December 31, 2023, respectively.
The change in contract liabilities during the three-month periods ended March 31, 2024 and April 2, 2023 are as follows:
Three-Month Period Ended

March 31, 2024April 2, 2023
Balance at beginning of period
$115,305 $96,153 
Revenue recognized included in the balance at the beginning of the period
(12,686)(6,020)
Increase due to payments received, excluding amounts recognized as revenue
12,095 775 
Balance at end of period
$114,714 $90,908