REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of reconciliation of disaggregated revenue to segment revenue as well as revenue by geographical regions

The revenues by geography in the table below are revenues derived from the Company’s foreign subsidiaries as provided in Note 13. A reconciliation of disaggregated revenue to segment revenue as well as revenue by geographical regions is provided in Note 13.


	Year ended December 31,
Target Market	2019		2018
Vehicle	$	126,811	$	121,864
Industrial		124,196		101,332
Medical		51,586		43,239
Aerospace & Defense		47,748		35,927
Other		20,743		8,249
Total	$	371,084	$	310,611


	Year ended December 31,
Geography	2019		2018
United States	$	244,347	$	184,507
Europe		124,914		123,771
Other		1,823		2,333
Total	$	371,084	$	310,611

Schedule of opening and closing balances of the Company's receivables, contract asset, and contract liability

The opening and closing balances of the Company’s receivables, contract asset, and contract liability are as follows (in thousands):


	December 31, 2019
	Contract Asset		Contract Liability
Opening balance	$	—	$	533
Closing balance		—		454
Decrease	$	—	$	(79)