REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2023

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	2023		2022		2021
Industrial	$	257,004	$	193,290	$	135,440
Vehicle		133,488		130,436		129,835
Medical		84,515		85,113		86,129
Aerospace & Defense		78,175		70,193		31,746
Distribution and Other		25,452		23,956		20,366
Total	$	578,634	$	502,988	$	403,516

	Year ended December 31,
Geography	2023		2022		2021
North America (primarily U.S.)	$	399,224	$	337,768	$	239,528
Europe		150,608		130,018		129,414
Asia-Pacific		28,802		35,202		34,574
Total	$	578,634	$	502,988	$	403,516

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,
	2023		2022
Contract liabilities in accrued liabilities	$	2,137	$	4,807
Contract liabilities in other long-term liabilities		8		19
	$	2,145	$	4,826