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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Useful Lives of Property Plant and Equipment

 

 

Years

Equipment and furniture

 

5

Computers and software

 

2 - 3

Automobiles

 

5

Leasehold improvements

 

Lesser of the lease

term or estimated

useful life

 

Schedule of Changes in AOCI, Including the Amounts Reclassified to Income

 

 

Foreign currency

 

 

 

translation and

 

 

 

unrealized gains

 

 

 

(losses), net

 

 

 

of tax

 

 

 

(in thousands)

 

Balance at December 31, 2018

 

$

61,572

 

Unrecognized gain on foreign currency translation

 

 

529

 

Balance at December 31, 2019

 

$

62,101

 

Unrecognized gain on foreign currency translation

 

 

1,560

 

Balance at December 31, 2020

 

$

63,661

 

 

Summary of the Total Potential Ordinary Shares that were Excluded from the Diluted Per Share Calculation

 

 

Years ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Anti-dilutive stock options and awards/units outstanding

 

 

1,478

 

 

 

1,335

 

 

 

 

Total(1)

 

 

1,478

 

 

 

1,335

 

 

 

 

 

(1)

Calculated using the treasury stock method, which assumes proceeds are used to reduce the dilutive effect of outstanding stock awards. Assumed proceeds include the unrecognized deferred compensation of share awards, and assumed tax proceeds from excess stock-based compensation deductions.

Schedule of Diluted Earnings Per Share After the dilution, the diluted earnings per share during the year ended December 31, 2018 was as follows.

 

 

2020

 

 

2019

 

 

2018

 

 

 

(in thousands, except per

 

 

 

 

 

 

 

shares amounts)

 

 

 

 

 

Net Income (loss)

 

$

(23,676

)

 

$

(3,913

)

 

$

4,820

 

Weighted average shares outstanding—Diluted

 

 

35,881

 

 

 

35,556

 

 

 

36,319

 

Net Income (loss) per shares —Diluted

 

$

(0.66

)

 

$

(0.11

)

 

$

0.13

 

 

Summary of Accounts Receivable, Net

Accounts receivable, net, as of December 31, 2020 and 2019 consisted of the following:

 

 

 

Years Ended

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Accounts receivable ,net

 

$

49,623

 

 

$

77,831

 

Account receivable

 

 

65,605

 

 

 

84,337

 

Less: Allowance for credit losses

 

$

(15,982

)

 

$

(6,506

)

Summary of Allowance for Credit Losses

The movement of allowance for credit losses for the years ended December 31, 2020, 2019 and 2018 was as follows (in thousands)

 

 

 

 

 

 

 

Charged

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

 

(credited) to

 

 

 

 

 

 

 

 

 

Balance at

 

 

beginning of

 

 

costs and

 

 

Exchange

 

 

(Deductions)

 

 

end of

Description

 

the period

 

 

expenses

 

 

difference

 

 

Adjustments

 

 

the period

Year ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses

 

$

6,506

 

 

$

9,441

 

 

$

35

 

 

$

 

 

$

15,982

Year ended December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses

 

$

2,124

 

 

$

4,396

 

 

$

(14

)

 

$

 

 

$

6,506

Year ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit losses

 

$

2,437

 

 

$

812

 

 

$

(280

)

 

$

(845

)

 

$

2,124