Segment and Geographic Information

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

The Company operates in one segment, machine vision technology. The Company’s chief operating decision maker is the chief executive officer, who makes decisions to allocate resources and assesses performance at the corporate level. The Company offers a variety of machine vision products that have similar economic characteristics, have the same production processes, and are distributed by the same sales channels to the same types of customers.

The following table summarizes information about geographic areas (in thousands):

	United States		Europe		Greater China		Other		Total
Year Ended December 31, 2021
Revenue	$	393,690	$	247,744	$	200,135	$	195,529	$	1,037,098
Long-lived assets	63,141		16,982		960		3,705		$	84,788
Year Ended December 31, 2020
Revenue	$	280,205	$	208,787	$	168,287	$	153,741	$	811,020
Long-lived assets	60,911		20,014		1,278		4,764		$	86,967
Year Ended December 31, 2019
Revenue	$	247,689	$	227,738	$	115,061	$	135,137	$	725,625
Long-lived assets	68,496		21,691		1,487		3,602		$	95,276

Revenue is presented geographically based on the customer’s country of domicile.

Revenue from a single customer accounted for 17% and 14% of total revenue in 2021 and 2020, respectively. Revenue from this customer was not greater than 10% of total revenue in 2019. Accounts receivable from this same customer accounted for 15% and 19% of total accounts receivable as of December 31, 2021 and 2020, respectively.

Revenue from a second customer accounted for 13% of total revenue in 2020. Revenue from this customer was not greater than 10% of total revenue in 2021 or 2019. Accounts receivable from this same customer accounted for 11% and 20% of total accounts receivable as of December 31, 2021 and 2020, respectively.