REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2022

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	2022		2021		2020
Industrial	$	193,290	$	135,440	$	114,143
Vehicle		130,436		129,835		110,365
Medical		85,113		86,129		83,191
Aerospace & Defense		70,193		31,746		39,711
Other		23,956		20,366		19,284
Total	$	502,988	$	403,516	$	366,694

	Year ended December 31,
Geography	2022		2021		2020
North America (primarily U.S.)	$	337,768	$	239,528	$	214,203
Europe		130,018		129,414		126,985
Asia-Pacific		35,202		34,574		25,506
Total	$	502,988	$	403,516	$	366,694

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,
	2022		2021
Contract liabilities in accrued liabilities	$	4,807	$	2,425
Contract liabilities in other long-term liabilities		19		242
	$	4,826	$	2,667