REVENUE RECOGNITION (Tables)

3 Months Ended

Mar. 31, 2021

REVENUE RECOGNITION

Schedule of reconciliation of disaggregated revenue by target market and geography

A disaggregation of revenue by target market and geography is provided below (in thousands).

	Three months ended
	March 31,
Target Market	2021		2020
Vehicle	$	34,451	$	28,055
Industrial		31,303		33,351
Medical		23,289		14,551
Aerospace & Defense		7,442		11,142
Other		5,192		5,283
Total	$	101,677	$	92,382

	Three months ended
	March 31,
Geography	2021		2020
United States	$	56,642	$	56,369
Europe		37,162		33,133
Asia-Pacific		7,873		2,880
Total	$	101,677	$	92,382

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 contract liabilities are as follows (in thousands):

	March 31,		December 31,
	2021		2020
Contract liabilities in accrued liabilities	$	801	$	898
Contract liabilities in other long-term liabilities		251		262
	$	1,052	$	1,160