REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2022

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				Six months ended
	June 30,				June 30,
Target Market	2022		2021		2022		2021
Vehicle	$	32,555	$	33,731	$	65,137	$	68,182
Industrial		47,135		33,778		92,911		65,081
Medical		20,194		20,235		41,513		43,524
Aerospace & Defense		17,149		8,579		26,593		16,021
Other		5,689		5,214		11,353		10,406
Total	$	122,722	$	101,537	$	237,507	$	203,214

	Three months ended				Six months ended
	June 30,				June 30,
Geography	2022		2021		2022		2021
North America (primarily U.S.)	$	84,052	$	61,705	$	156,430	$	118,347
Europe		32,122		31,538		65,871		68,700
Asia-Pacific		6,548		8,294		15,206		16,167
Total	$	122,722	$	101,537	$	237,507	$	203,214

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):

	June 30,		December 31,
	2022		2021
Contract liabilities in accrued liabilities	$	6,977	$	2,425
Contract liabilities in other long-term liabilities		222		242
	$	7,199	$	2,667