3. Revenue

Adoption of ASU No. 2014-09

On January 1, 2018, the Company adopted ASU No. 2014-09 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with Topic 605.

The Company sells the majority of its products to its distributors, but does recognize some revenue under licensing and royalty agreements. The following table presents the Company’s revenues disaggregated by sales channel, (in thousands):


	Three Months Ended		Nine Months Ended
	September 30, 2018		September 30, 2018
Distributor	$	9,692	$	26,223
Non-distributor		1,826		10,913
Total revenue	$	11,518	$	37,136

All of the Company's performance obligations and associated revenue are generally transferred to customers at a point in time, with the exception of certain revenue streams which are performed over time commensurate with the delivery of service. The following table presents the Company’s revenues disaggregated by timing of recognition (in thousands):


	Three Months Ended		Nine Months Ended
	September 30, 2018		September 30, 2018
Point in time	$	10,613	$	34,729
Over time		905		2,407
Total revenue	$	11,518	$	37,136

The following table presents the Company’s revenues disaggregated by type (in thousands):


	Three Months Ended		Nine Months Ended
	September 30, 2018		September 30, 2018
Product sales	$	10,469	$	29,283
License fees		—		5,000
Royalties		144		446
Other revenue		905		2,407
Total revenue	$	11,518	$	37,136

The Company recognizes revenue in three primary geographic regions: North America; Europe, Middle East and Africa (EMEA); and Asia-Pacific and Japan (APJ). The following table presents the Company’s revenues disaggregated by the geographic region to which the product is delivered or licensee is located (in thousands):


	Three Months Ended		Nine Months Ended
	September 30, 2018		September 30, 2018
North America	$	2,104	$	6,214
EMEA		2,749		7,896
APJ		6,665		23,026
Total revenue	$	11,518	$	37,136