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Revenues (Tables)
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Net Revenues Based On Geography Location

The following tables present the Company’s net revenues disaggregated by geography based on the location of the customer, by product line (in thousands):

 

 

Three Months Ended June 30, 2024

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

25,431

 

 

$

23,231

 

 

$

48,662

 

Europe

 

 

6,559

 

 

 

3,431

 

 

 

9,990

 

Asia Pacific

 

 

7,220

 

 

 

19,602

 

 

 

26,822

 

All other

 

 

276

 

 

 

104

 

 

 

380

 

 

$

39,486

 

 

$

46,368

 

 

$

85,854

 

 

 

Six Months Ended June 30, 2024

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

46,405

 

 

$

50,417

 

 

$

96,822

 

Europe

 

 

13,416

 

 

 

7,430

 

 

 

20,846

 

Asia Pacific

 

 

19,488

 

 

 

31,654

 

 

 

51,142

 

All other

 

 

769

 

 

 

147

 

 

 

916

 

 

$

80,078

 

 

$

89,648

 

 

$

169,726

 

 

 

Three Months Ended June 30, 2023

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

18,229

 

 

$

15,827

 

 

$

34,056

 

Europe

 

 

6,955

 

 

 

6,034

 

 

 

12,989

 

Asia Pacific

 

 

13,127

 

 

 

45,619

 

 

 

58,746

 

All other

 

 

923

 

 

 

33

 

 

 

956

 

 

$

39,234

 

 

$

67,513

 

 

$

106,747

 

 

 

Six Months Ended June 30, 2023

 

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

United States

 

$

39,485

 

 

$

29,537

 

 

$

69,022

 

Europe

 

 

14,501

 

 

 

10,061

 

 

 

24,562

 

Asia Pacific

 

 

29,974

 

 

 

79,063

 

 

 

109,037

 

All other

 

 

1,799

 

 

 

143

 

 

 

1,942

 

 

$

85,759

 

 

$

118,804

 

 

$

204,563

 

Summary of Net Revenues Disaggregated by Geography

The following tables present the Company’s net revenues disaggregated by the category of revenue, by product line (in thousands):

 

 

Three Months Ended June 30, 2024

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

20,238

 

 

$

27,713

 

 

$

47,951

 

Stocking distributors, net of sales allowances

 

 

19,158

 

 

 

8,369

 

 

 

27,527

 

Non-recurring engineering

 

 

90

 

 

 

655

 

 

 

745

 

Royalties

 

 

 

 

 

9,271

 

 

 

9,271

 

Other

 

 

 

 

 

360

 

 

 

360

 

 

$

39,486

 

 

$

46,368

 

 

$

85,854

 

 

 

 

Six Months Ended June 30, 2024

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

41,048

 

 

$

49,353

 

 

$

90,401

 

Stocking distributors, net of sales allowances

 

 

38,565

 

 

 

18,001

 

 

 

56,566

 

Non-recurring engineering

 

 

465

 

 

 

4,123

 

 

 

4,588

 

Royalties

 

 

 

 

 

17,451

 

 

 

17,451

 

Other

 

 

 

 

 

720

 

 

 

720

 

 

$

80,078

 

 

$

89,648

 

 

$

169,726

 

 

 

Three Months Ended June 30, 2023

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

24,435

 

 

$

55,556

 

 

$

79,991

 

Stocking distributors, net of sales allowances

 

 

14,338

 

 

 

6,345

 

 

 

20,683

 

Non-recurring engineering

 

 

461

 

 

 

2,796

 

 

 

3,257

 

Royalties

 

 

 

 

 

2,456

 

 

 

2,456

 

Other

 

 

 

 

 

360

 

 

 

360

 

 

$

39,234

 

 

$

67,513

 

 

$

106,747

 

 

 

Six Months Ended June 30, 2023

 

 

Brick Products

 

 

Advanced Products

 

 

Total

 

Direct customers, contract manufacturers and
   non-stocking distributors

 

$

54,921

 

 

$

97,569

 

 

$

152,490

 

Stocking distributors, net of sales allowances

 

 

30,075

 

 

 

11,397

 

 

 

41,472

 

Non-recurring engineering

 

 

763

 

 

 

4,924

 

 

 

5,687

 

Royalties

 

 

 

 

 

4,476

 

 

 

4,476

 

Other

 

 

 

 

 

438

 

 

 

438

 

 

$

85,759

 

 

$

118,804

 

 

$

204,563

 

 

 

 

 

Summary of Changes in Contract Liabilities

The following table presents the changes in certain contract liabilities (in thousands):

 

 

June 30, 2024

 

 

December 31, 2023

 

 

Change

 

Short-term deferred revenue and customer prepayments

 

$

(2,656

)

 

$

(3,157

)

 

$

501

 

Long-term deferred revenue

 

 

(300

)

 

 

(1,020

)

 

 

720

 

Sales allowances

 

 

(2,989

)

 

 

(3,482

)

 

 

493