REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 30, 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				Nine months ended
	September 30,				September 30,
Target Market	2021		2020		2021		2020
Vehicle	$	33,931	$	32,378	$	102,113	$	79,017
Industrial		35,269		25,307		100,351		86,882
Medical		21,030		23,448		64,554		62,260
Aerospace & Defense		8,291		8,844		24,313		30,503
Other		4,988		4,676		15,392		15,034
Total	$	103,509	$	94,653	$	306,723	$	273,696

	Three months ended				Nine months ended
	September 30,				September 30,
Geography	2021		2020		2021		2020
United States	$	64,326	$	56,185	$	182,673	$	159,862
Europe		30,943		31,800		99,643		93,944
Asia-Pacific		8,240		6,668		24,407		19,890
Total	$	103,509	$	94,653	$	306,723	$	273,696

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):

	September 30,		December 31,
	2021		2020
Contract liabilities in accrued liabilities	$	354	$	898
Contract liabilities in other long-term liabilities		247		262
	$	601	$	1,160