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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Cash and Cash Equivalents
The following table presents cash and cash equivalents, according to jurisdiction as of June 30, 2023 and December 31, 2022:
June 30,
2023		December 31,
2022
United States$23,732 $25,011 
Mainland China123,071 129,695 
China Hong Kong107,459 89,187 
South Korea3,107 4,007 
Singapore51 51 
Total$257,420 $247,951 
Summary of Time Deposits
At June 30, 2023 and December 31, 2022, time deposits consisted of the following:
June 30,
2023		December 31,
2022
Deposit in China Merchant Bank which will mature on January 29, 2023 with an annual interest rate of 2.25%
$— $38,772 
Deposit in China Everbright Bank which will mature on January 29, 2023 with an annual interest rate of 2.25%
$— $14,360 
Deposit in China Everbright Bank which will mature on May 22, 2023 with an annual interest rate of 5.07%
$— $3,000 
Deposit in China Industrial Bank which will mature on January 30, 2023 with an annual interest rate of 2.15%
$— $14,360 
Deposit in China Merchant Bank which will mature on January 29, 2024 with an annual interest rate of 2.85%
$27,680 $28,720 
Deposit in Bank of Ningbo which will mature on February 17, 2024 with an annual interest rate of 2.85%
$41,520 $43,080 
Deposit in Shanghai Pudong Development Bank which matures on October 20, 2025 with an annual interest rate of 3.10%
$6,920 $7,180 
Deposit in Shanghai Pudong Development Bank which matures on November 14, 2025 with an annual interest rate of 3.10%
$6,920 $7,180 
Deposit in Shanghai Pudong Development Bank which matures on December 8, 2025 with an annual interest rate of 3.10%
$4,152 $4,308 
Deposit in Shanghai Pudong Development Bank which matures on December 15, 2025 with an annual interest rate of 3.10%
$4,152 $4,308 
Deposit in Shanghai Pudong Development Bank which matures on December 30, 2025 with an annual interest rate of 3.10%
$6,920 $7,180 
Deposit in China Everbright Bank which will mature on July 4, 2023 with an annual interest rate of 5.82%
$3,000 $— 
Deposit in China Everbright Bank which will mature on November 22, 2023 with an annual interest rate of 5.43%
$3,000 $— 
Deposit in China Merchant Bank which will mature on January 30, 2026 with an annual interest rate of 3.15%
$13,840 $— 
$118,104 $172,448 
Fair Value, by Balance Sheet Grouping
Quoted Prices in Active Markets for Identical Liabilities (Level 1)Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3)Total
As of June 30, 2023:
Assets
Cash equivalents$257,420 $— $— $257,420 
Trading securities6,375 — — 6,375 
$263,795 $— $— $263,795 
Liabilities
Short-term borrowings$— $53,976 $— $53,976 
Long-term borrowings— 19,138— 19,138
$— $73,114 $— $73,114 
As of December 31, 2022:
Assets
Cash equivalents$247,951 $— $— $247,951 
Trading securities20,209 — — 20,209 
$268,160 $— $— $268,160 
Liabilities
Short-term borrowings$— $56,004 $— $56,004 
Long-term borrowings— 21,009— 21,009
$— $77,013 $— $77,013 
Basic and Diluted Net Income per Common Share
Basic and diluted net income per share of common stock are calculated as follows:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Numerator:
Net income $33,597 $16,748 $42,560 $9,305 
Less: Net income attributable to non-controlling interests6,772 4,512 8,590 2,855 
Net income available to common stockholders, basic$26,825 $12,236 $33,970 $6,450 
Less: Dilutive effect arising from stock-based awards by ACM Shanghai(303)(230)(395)(147)
Net income available to common stockholders, diluted$26,522 $12,006 $33,575 $6,303 
Weighted average shares outstanding, basic 59,898,14959,177,64359,817,90359,003,484
Effect of dilutive securities5,031,4896,301,0345,150,9976,769,489
Weighted average shares outstanding, diluted64,929,63865,478,67764,968,90065,772,973
Net income per share of common stock:
Basic$0.45 $0.21 $0.57 $0.11 
Diluted$0.41 $0.18 $0.52 $0.10