Segment Reporting

9 Months Ended

Oct. 31, 2017

15. Segment Reporting

The Company operates in one reportable segment related to the development and sales of low-power, high-definition video products. The Chief Executive Officer of the Company has been identified as the Chief Operating Decision Maker (the “CODM”) and manages the Company’s operations as a whole. For the purpose of evaluating financial performance and allocating resources, the CODM reviews financial information presented on a consolidated basis accompanied by information by customer and geographic region.

Geographic Revenue

The following table sets forth the Company’s revenue by geographic region based on bill-to location for the periods indicated. Prior period revenue amounts by geographic region have been reclassified to conform to the fiscal year 2018 presentation. These reclassifications did not impact total revenues in the prior periods.

	Three Months Ended October 31,				Nine Months Ended October 31,
	2017		2016		2017		2016
	(in thousands)
Taiwan	$	45,026	$	53,932	$	139,494	$	142,837
Asia Pacific		19,000		11,286		43,050		30,449
Europe		20,908		32,314		29,252		40,948
North America other than United States		2,582		1,261		7,566		2,626
United States		1,546		1,697		5,465		5,929
Total revenue	$	89,062	$	100,490	$	224,827	$	222,789

As of October 31, 2017, substantially all of the Company’s property and equipment, net was located in the United States and Asia Pacific regions with approximate net amounts of $2.4 million and $2.3 million, respectively.

Major Customers

For the three months ended October 31, 2017, the customers representing 10% or more of revenue and accounts receivable were Wintech, the Company’s logistics provider, GoPro, Inc. (“GoPro”), a direct OEM customer, and Chicony Electronics Co., Ltd. (“Chicony”), a direct ODM customer, which combined accounted for approximately 83% of total revenue. For the nine months ended October 31, 2017, the only customer representing 10% or more of revenue and accounts receivable was Wintech, which accounted for approximately 62% of total revenue. For the three and nine months ended October 31, 2016, the customers representing 10% or more of revenue and accounts receivable were Wintech and GoPro, which combined accounted for approximately 84% and 78% of total revenue, respectively. Accounts receivable with Wintech, GoPro and Chicony combined accounted for approximately $39.7 million as of October 31, 2017. Accounts receivable with Wintech and GoPro combined accounted for approximately $30.6 million as of January 31, 2017.