Revenues | 6. Revenues Revenue from the sale of Advanced Products represents the sum of third-party sales of the products sold under the Advanced Products line, which were sold under the former Picor and VI Chip operating segments during periods prior to the second quarter of 2019. Revenue from the sale of Brick Products represents the sum of third-party sales of the products sold under the Brick Products line, which were also sold under the former Brick Business Unit operating segment, inclusive of such sales of our Vicor Custom Power and Vicor Japan Company, Ltd. subsidiaries. The following tables present the Company’s net revenues disaggregated by geography based on the location of the customer, by product line (in thousands): Three Months Ended June 30, 2020 Brick Products Advanced Products Total United States $ 15,005 $ 5,217 $ 20,222 Europe 9,427 2,289 11,716 Asia Pacific 21,383 16,774 38,157 All other 613 53 666 $ 46,428 $ 24,333 $ 70,761 Six Months Ended June 30, 2020 Brick Products Advanced Products Total United States $ 40,975 $ 12,814 $ 53,789 Europe 13,995 3,168 17,163 Asia Pacific 35,039 26,150 61,189 All other 1,936 85 2,021 $ 91,945 $ 42,217 $ 134,162 Three Months Ended June 30, 2019 Brick Products Advanced Products Total United States $ 25,732 $ 5,323 $ 31,055 Europe 6,374 1,642 8,016 Asia Pacific 15,287 7,843 23,130 All other 612 542 1,154 $ 48,005 $ 15,350 $ 63,355 Six Months Ended June 30, 2019 Brick Products Advanced Products Total United States $ 48,024 $ 12,272 $ 60,296 Europe 12,383 2,628 15,011 Asia Pacific 32,398 18,743 51,141 All other 1,825 807 2,632 $ 94,630 $ 34,450 $ 129,080 The following tables present the Company’s net revenues disaggregated by the category of revenue, by product line (in thousands): Three Months Ended June 30, 2020 Brick Products Advanced Products Total Direct customers, contract manufacturers and non-stocking $ 39,472 $ 20,044 $ 59,516 Stocking distributors, net of sales allowances 6,814 1,576 8,390 Non-recurring 142 2,695 2,837 Other — 18 18 $ 46,428 $ 24,333 $ 70,761 Six Months Ended June 30, 2020 Brick Products Advanced Products Total Direct customers, contract manufacturers and non-stocking $ 75,211 $ 34,811 $ 110,022 Stocking distributors, net of sales allowances 16,436 4,638 21,074 Non-recurring 298 2,732 3,030 Other — 36 36 $ 91,945 $ 42,217 $ 134,162 Three Months Ended June 30, 2019 Brick Products Advanced Products Total Direct customers, contract manufacturers and non-stocking $ 40,843 $ 12,184 $ 53,027 Stocking distributors, net of sales allowances 7,111 2,918 10,029 Non-recurring 51 230 281 Royalties — — — Other — 18 18 $ 48,005 $ 15,350 $ 63,355 Six Months Ended June 30, 2019 Brick Products Advanced Products Total Direct customers, contract manufacturers and non-stocking $ 80,791 $ 26,950 $ 107,741 Stocking distributors, net of sales allowances 13,228 6,083 19,311 Non-recurring 599 1,355 1,954 Royalties 12 24 36 Other — 38 38 $ 94,630 $ 34,450 $ 129,080 The following table presents the changes in certain contract assets and (liabilities) (in thousands): June 30, 2020 December 31, Change Accounts receivable $ 48,502 $ 38,115 $ 10,387 Short-term deferred revenue and customer prepayments (7,817 ) (5,507 ) (2,310 ) Long-term deferred revenue (894 ) (1,054 ) 160 Deferred expenses 1,552 1,897 (345 ) Sales allowances (867 ) (741 ) (126 ) The increase in accounts receivable was primarily due to an increase in net revenues of approximately $9,962,000 in June 2020 compared to December 2019. Deferred expenses are included in Other current assets in the accompanying Condensed Consolidated Balance Sheets. The Company records deferred revenue, which represents a contract liability, when cash payments are received or due in advance of performance under a contract with a customer. The Company recognized revenue of approximately $1,700,000 and $1,736,000 for the three and six months ended June 30, 2020, respectively, and $0 for the three and six months ended June 30, 2019 that was included in deferred revenue at the beginning of each respective period. |