Major Customers

12 Months Ended

Dec. 31, 2018

Major Customers [Abstract]

Major Customers [Text Block]

Note 11—Major Customers

The Company’s customers operate in industries that are, to a varying extent, subject to rapid technological change, vigorous competition and short product life cycles. Developments adverse to the electronics industry, the Company’s customers or their products could impact the Company’s overall credit risk.

The Company extends credit based on evaluation of its customers’ financial condition and generally does not require collateral or other security from its customers and would incur a loss equal to the carrying value of the accounts receivable if its customer failed to perform according to the terms of the credit arrangement.

Sales to the ten largest customers represented 44%, 46% and 43% of total sales for 2018, 2017 and 2016, respectively. Sales to our largest customers were as follows for the indicated periods:

			Year ended December 31,
(in thousands)			2018		2017		2016
	International Business Machines Corporation	$	323,795	$	284,636	$	*
	Applied Materials, Inc.	$	*	$	248,183	$	*

* amount is less than 10% of total.