REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2021

REVENUE RECOGNITION

Schedule of reconciliation of disaggregated revenue by target market and geography

A disaggregation of revenue by target market and geography is provided below (in thousands):

	Three months ended				Six months ended
	June 30,				June 30,
Target Market	2021		2020		2021		2020
Vehicle	$	33,731	$	18,584	$	68,182	$	46,639
Industrial		33,778		28,223		65,081		61,574
Medical		20,235		24,261		43,524		38,812
Aerospace & Defense		8,579		10,516		16,021		21,658
Other		5,214		5,077		10,406		10,360
Total	$	101,537	$	86,661	$	203,214	$	179,043

	Three months ended				Six months ended
	June 30,				June 30,
Geography	2021		2020		2021		2020
United States	$	61,705	$	47,311	$	118,347	$	103,680
Europe		31,538		29,012		68,700		62,145
Asia-Pacific		8,294		10,338		16,167		13,218
Total	$	101,537	$	86,661	$	203,214	$	179,043

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 contract liabilities are as follows (in thousands):

	June 30,		December 31,
	2021		2020
Contract liabilities in accrued liabilities	$	323	$	898
Contract liabilities in other long-term liabilities		254		262
	$	577	$	1,160