REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2019

REVENUE RECOGNITION

Schedule of reconciliation of disaggregated revenue to segment revenue as well as revenue by geographical regions

	Three months ended				Six months ended
	June 30,				June 30,
	2019		2018		2019			2018
Target Market
Vehicle	$	30,778	$	31,193	$	64,374	$	63,354
Industrial		32,194		28,073		63,505		51,965
Medical		12,219		9,838		24,629		20,482
Aerospace & Defense		12,143		8,558		23,397		16,369
Other		5,296		2,319		10,621		4,387
Total	$	92,630	$	79,981	$	186,526	$	156,557

	Three months ended				Six months ended
	June 30,				June 30,
	2019		2018		2019		2018
Geography
United States	$	62,645	$	46,484	$	121,957	$	90,654
Europe		29,390		32,947		63,561		64,779
Asia		595		550		1,008		1,124
Total	$	92,630	$	79,981	$	186,526	$	156,557

Schedule of opening and closing balances of the Company's receivables, contract asset, and contract liability

The opening and closing balances of the Company’s receivables, contract asset, and contract liability are as follows (in thousands):

	Receivables		Contract Asset		Contract Liability
Opening balance at April 1, 2019	$	—	$	—	$	442
Closing balance at June 30, 2019		—		—		388
Increase/(decrease)	$	—	$	—	$	(54)

	Receivables		Contract Asset		Contract Liability
Opening balance at April 1, 2018	$	—	$	—	$	702
Closing balance at June 30, 2018		—		—		623
Increase/(decrease)	$	—	$	—	$	(79)