REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2024

REVENUE RECOGNITION

Schedule of reconciliation of disaggregated revenue by target market and geography

The Company’s disaggregated revenues are as follows (in thousands):

	Year ended December 31,
Target Market	2024		2023		2022
Industrial	$	248,281	$	257,004	$	193,290
Vehicle		102,701		133,488		130,436
Medical		77,959		84,515		85,113
Aerospace & Defense		75,183		78,175		70,193
Distribution and Other		25,844		25,452		23,956
Total	$	529,968	$	578,634	$	502,988

	Year ended December 31,
Geography	2024		2023		2022
North America (primarily U.S.)	$	359,068	$	399,224	$	337,768
Europe		145,617		150,608		130,018
Asia-Pacific		25,283		28,802		35,202
Total	$	529,968	$	578,634	$	502,988

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

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

	December 31,		December 31,
	2024		2023
Contract liabilities in accrued liabilities	$	2,292	$	2,137
Contract liabilities in other long-term liabilities		—		8
	$	2,292	$	2,145