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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]        
Pay vs Performance [Table Text Block]
Pay Versus Performance

In August 2022, the SEC adopted additional disclosure requirements regarding the relationship between a registrant’s executive compensation and its financial performance.

The following table summarizes certain information regarding pay vs. performance for the period 2020-2023:

 
   
 
   
 
   
 
   
 
    VALUE OF INITIAL FIXED $100 INVESTMENT BASED ON:
   
 
       
YEAR
(1)
 
 SUMMARY COMPENSATION TABLE TOTAL FOR PEO
(2)
 
 COMPENSATION ACTUALLY PAID TO PEO
(2)(3)(4)
 
 AVERAGE SUMMARY COMPENSATION TABLE TOTAL FOR NON-PEO NEOs
(2)
 
 AVERAGE COMPENSATION ACTUALLY PAID TO NON-PEO NEOs
(2)(3)(4)
   
TOTAL SHAREHOLDER RETURN
(5)
   
PEER GROUP SHAREHOLDER RETURN
(5)
 
NET INCOME
(In millions)
 
ADJUSTED NET EARNINGS
(In millions)
(6)
 
2023
  $
4,773,050
  $
4,871,457
  $
3,546,063   $
3,647,863    
121.56
   
238.72
  $
323.8   $
342.2  
2022
    6,817,811    
6,840,363
    3,790,780    
3,817,519
   
107.61
   
142.94
    428.8     454.2  
2021
    8,388,523    
8,059,915
    3,224,127    
3,050,308
   
106.90
   
219.51
    298.0     337.3  
2020
    5,322,814     4,795,630     2,251,865     2,005,870     99.48     153.66     122.9     134.1  

(1) This table includes only the years 2020-2023 under transitional guidance provided by the SEC.
(2)
For the years 2020-2022, the principal executive officer was our Chief Executive Officer, who was Dr. Gerald Paul during such years, and the non-PEO NEOs for each year were Marc Zandman, Lori Lipcaman, Johan Vandoorn, and Clarence Tse. For 2023, the principal executive officer is our Chief Executive Officer, Joel Smejkal, and the non-PEO NEOs for 2023 is Marc Zandman, Jeff Webster, Lori Lipcaman, and Roy Shoshani.

(3)
The reconciliation of Summary Compensation Table amounts to the compensation actually paid presented above is summarized in the following table:
    2023
   
   
   
 

 
  PEO     AVERAGE NON-PEO NEOs
   
   
   
   
   
   
 
Total Per Summary Compensation Table
  $ 4,773,050     $ 3,546,063    

   

















 
Stock Compensation Per Summary Compensation Table
    (2,518,241
)
    (1,259,838
)
   

 


















Change in Value of Prior Period Stock Compensation
    2,616,648
      1,456,127
     
   

















 
Change in Pension Value Per Summary Compensation Table
   
      (94,489
)
   
   


















Pension Service Costs
   
     
     
   

















 
Compensation Actually Paid
  $ 4,871,457
    $ 3,647,863
   

   

















 
                                                                 
(4) "Compensation actually paid" is computed based on guidance in the SEC rules, and adjusts stock compensation as presented in the Summary Compensation Table (which is at grant date fair value) for changes in fair value since the grant date, and adjusts changes in pension value to reflect service costs.

(5)
Both total shareholder return ("TSR") and peer group TSR are determined in the same manner, calculated as the sum of cumulative dividends (assuming dividend reinvestment) and the cumulative increase or decrease in the stock price/stock index each respective year, divided by the stock price/stock index at December 31, 2019. Peer group TSR is based on the Philadelphia Semiconductor Index, which the Company utilizes as a peer group in its stock performance graph presented in Item 5 of its annual report on Form 10-K.

(6)
The “Company selected measure” is “Adjusted Net Earnings.” "Adjusted Net Earnings" is described and calculated under the heading "Performance Measures and Metrics," beginning on page 31. For several years, this measure was clearly the most important measure when evaluating pay versus performance.  Named Executive Officers have PBRSUs based largely on this measure and one Executive Officers has non-equity incentive compensation based exclusively on this measure.  Beginning in 2023, PBRSUs are based on relative Total Shareholder Return (rTSR), measured as our total shareholder return relative to the returns of the S&P MidCap 400.  In the future, we may determine that rTSR or another measure is the most important financial performance measure.
     
Company Selected Measure Name ADJUSTED NET EARNINGS      
Named Executive Officers, Footnote [Text Block]
(2)
For the years 2020-2022, the principal executive officer was our Chief Executive Officer, who was Dr. Gerald Paul during such years, and the non-PEO NEOs for each year were Marc Zandman, Lori Lipcaman, Johan Vandoorn, and Clarence Tse. For 2023, the principal executive officer is our Chief Executive Officer, Joel Smejkal, and the non-PEO NEOs for 2023 is Marc Zandman, Jeff Webster, Lori Lipcaman, and Roy Shoshani.
     
Peer Group Issuers, Footnote [Text Block]
(5)
Both total shareholder return ("TSR") and peer group TSR are determined in the same manner, calculated as the sum of cumulative dividends (assuming dividend reinvestment) and the cumulative increase or decrease in the stock price/stock index each respective year, divided by the stock price/stock index at December 31, 2019. Peer group TSR is based on the Philadelphia Semiconductor Index, which the Company utilizes as a peer group in its stock performance graph presented in Item 5 of its annual report on Form 10-K.
     
PEO Total Compensation Amount $ 4,773,050 $ 6,817,811 $ 8,388,523 $ 5,322,814
PEO Actually Paid Compensation Amount $ 4,871,457 6,840,363 8,059,915 4,795,630
Adjustment To PEO Compensation, Footnote [Text Block]

(3)
The reconciliation of Summary Compensation Table amounts to the compensation actually paid presented above is summarized in the following table:
    2023
   
   
   
 

 
  PEO     AVERAGE NON-PEO NEOs
   
   
   
   
   
   
 
Total Per Summary Compensation Table
  $ 4,773,050     $ 3,546,063    

   

















 
Stock Compensation Per Summary Compensation Table
    (2,518,241
)
    (1,259,838
)
   

 


















Change in Value of Prior Period Stock Compensation
    2,616,648
      1,456,127
     
   

















 
Change in Pension Value Per Summary Compensation Table
   
      (94,489
)
   
   


















Pension Service Costs
   
     
     
   

















 
Compensation Actually Paid
  $ 4,871,457
    $ 3,647,863
   

   

















 
                                                                 
(4) "Compensation actually paid" is computed based on guidance in the SEC rules, and adjusts stock compensation as presented in the Summary Compensation Table (which is at grant date fair value) for changes in fair value since the grant date, and adjusts changes in pension value to reflect service costs.
     
Non-PEO NEO Average Total Compensation Amount $ 3,546,063 3,790,780 3,224,127 2,251,865
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,647,863 3,817,519 3,050,308 2,005,870
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

(3)
The reconciliation of Summary Compensation Table amounts to the compensation actually paid presented above is summarized in the following table:
    2023
   
   
   
 

 
  PEO     AVERAGE NON-PEO NEOs
   
   
   
   
   
   
 
Total Per Summary Compensation Table
  $ 4,773,050     $ 3,546,063    

   

















 
Stock Compensation Per Summary Compensation Table
    (2,518,241
)
    (1,259,838
)
   

 


















Change in Value of Prior Period Stock Compensation
    2,616,648
      1,456,127
     
   

















 
Change in Pension Value Per Summary Compensation Table
   
      (94,489
)
   
   


















Pension Service Costs
   
     
     
   

















 
Compensation Actually Paid
  $ 4,871,457
    $ 3,647,863
   

   

















 
                                                                 
(4) "Compensation actually paid" is computed based on guidance in the SEC rules, and adjusts stock compensation as presented in the Summary Compensation Table (which is at grant date fair value) for changes in fair value since the grant date, and adjusts changes in pension value to reflect service costs.
     
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

The charts below show, for the past four years, the relationship of the Company’s TSR relative to its peers as well as the relationship between the CEO and non-CEO “compensation actually paid” and (i) the Company’s TSR; (ii) the Company’s net income; and (iii) the Company’s Adjusted Net Earnings.

graphic


     
Compensation Actually Paid vs. Net Income [Text Block]

The charts below show, for the past four years, the relationship of the Company’s TSR relative to its peers as well as the relationship between the CEO and non-CEO “compensation actually paid” and (i) the Company’s TSR; (ii) the Company’s net income; and (iii) the Company’s Adjusted Net Earnings.

graphic


     
Compensation Actually Paid vs. Company Selected Measure [Text Block]

The charts below show, for the past four years, the relationship of the Company’s TSR relative to its peers as well as the relationship between the CEO and non-CEO “compensation actually paid” and (i) the Company’s TSR; (ii) the Company’s net income; and (iii) the Company’s Adjusted Net Earnings.

graphic


     
Total Shareholder Return Vs Peer Group [Text Block]

The charts below show, for the past four years, the relationship of the Company’s TSR relative to its peers as well as the relationship between the CEO and non-CEO “compensation actually paid” and (i) the Company’s TSR; (ii) the Company’s net income; and (iii) the Company’s Adjusted Net Earnings.

graphic


     
Tabular List [Table Text Block]

While the Company considers Adjusted Net Earnings to be its most important measure in determining executive compensation, other key measures are utilized in determining executive compensation, as noted below:

adjusted EBITDA;
adjusted EBITDA margin; and
free cash.

Each of these measures is described under the heading "Performance Measures and Metrics", beginning on page 31.
     
Total Shareholder Return Amount $ 121.56 107.61 106.9 99.48
Peer Group Total Shareholder Return Amount 238.72 142.94 219.51 153.66
Net Income (Loss) $ 323,800,000 $ 428,800,000 $ 298,000,000 $ 122,900,000
Company Selected Measure Amount 342,200,000 454,200,000 337,300,000 134,100,000
PEO Name Joel Smejkal Dr. Gerald Paul Dr. Gerald Paul Dr. Gerald Paul
Additional 402(v) Disclosure [Text Block]
We believe the table above shows the alignment between compensation actually paid to the NEOs and the Company’s performance, consistent with our compensation philosophy as described in our Compensation Discussion and Analysis section of this proxy statement. Specifically, a large portion of the NEOs’ compensation is reliant on Adjusted Net Earnings and as such the CEO and non-CEO “compensation actually paid” each year was aligned with Adjusted Net Earnings performance and generally increased when our Adjusted Net Earnings performance increased.   Compensation actually paid to our CEO decreased in 2023 versus 2022, primarily due to the appointment of a new CEO.  Compensation actually paid to our other NEOs decreased slightly in 2023 primarily due to the inclusion of severance amounts for certain Named Executive Officers in 2022, mostly offset by larger RSU grants to other NEOs in 2023.
     
Measure [Axis]: 1        
Pay vs Performance Disclosure [Table]        
Measure Name adjusted EBITDA      
Measure [Axis]: 2        
Pay vs Performance Disclosure [Table]        
Measure Name adjusted EBITDA margin      
Measure [Axis]: 3        
Pay vs Performance Disclosure [Table]        
Measure Name free cash      
PEO [Member] | Stock Compensation Per Summary Compensation Table [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount $ (2,518,241)      
PEO [Member] | Change in Value of Prior Period Stock Compensation [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 2,616,648      
PEO [Member] | Change in Pension Value Per Summary Compensation Table [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 0      
PEO [Member] | Pension Service Costs [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 0      
Non-PEO NEO [Member] | Stock Compensation Per Summary Compensation Table [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount (1,259,838)      
Non-PEO NEO [Member] | Change in Value of Prior Period Stock Compensation [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 1,456,127      
Non-PEO NEO [Member] | Change in Pension Value Per Summary Compensation Table [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount (94,489)      
Non-PEO NEO [Member] | Pension Service Costs [Member]        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount $ 0