REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2021

REVENUE RECOGNITION

Schedule of reconciliation of disaggregated revenue by target market and geography

The Company’s disaggregated revenues are as follows (in thousands):

	Year ended December 31,
Target Market	2021		2020		2019
Vehicle	$	129,835	$	110,365	$	126,811
Industrial		135,440		114,143		124,196
Medical		86,129		83,191		51,586
Aerospace & Defense		31,746		39,711		47,748
Other		20,366		19,284		20,743
Total	$	403,516	$	366,694	$	371,084

	Year ended December 31,
Geography	2021		2020		2019
United States	$	239,528	$	214,203	$	244,347
Europe		129,414		126,985		124,914
Asia-Pacific		34,574		25,506		1,823
Total	$	403,516	$	366,694	$	371,084

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 liability are as follows (in thousands):

	December 31,		December 31,
	2021		2020
Contract liabilities in accrued liabilities	$	2,425	$	898
Contract liabilities in other long-term liabilities		242		262
	$	2,667	$	1,160