Geographic and Segment Information

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Geographic and Segment Information

13. Geographic and Segment Information

The Company previously reported its results of operations under one operating segment. During the second quarter of 2015, organizational changes were made to (i) realign the Company’s businesses and organizational structure and (ii) streamline and consolidate certain business processes to achieve greater operating efficiencies. In furtherance of these objectives, the Company combined its business lines of Display Solutions and Power Solutions into a new segment called Standard Products Group. Beginning in the second quarter of 2015, the Company reports its financial results in two operating segments: Semiconductor Manufacturing Services and Standard Products Group. The Company’s chief operating decision maker is its Chief Executive Officer who allocates resources and assesses performance of the business and other activities based on gross profit. The two newly established operating segments will be managed prospectively and all prior period amounts related to the segment change have been retrospectively reclassified to conform to the new presentation.

The following sets forth information relating to the operating segments:

	Three Months Ended				Six Months Ended
	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Net Sales
Semiconductor Manufacturing Services	$	78,962	$	90,339	$	153,482	$	182,267
Standard Products Group
Display Solutions		48,918		45,327		105,271		85,706
Power Solutions		33,995		36,275		67,832		68,050
Total Standard Products Group		82,913		81,602		173,103		153,756
All other		140		129		315		211
Total net sales	$	162,015	$	172,070	$	326,900	$	336,234
	Three Months Ended				Six Months Ended
	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Gross Profit
Semiconductor Manufacturing Services	$	17,183	$	18,601	$	32,560	$	40,723
Standard Products Group		17,963		16,727		37,388		34,801
All other		140		129		315		210
Total gross profit	$	35,286	$	35,457	$	70,263	$	75,734

The following is a summary of net sales by region, based on the location of the customer:

	Three Months Ended
	June 30, 2015		June 30, 2014
Korea	$	61,755	$	67,320
Asia Pacific (other than Korea)		75,582		74,337
U.S.A.		20,310		24,596
Europe		3,708		5,601
Others		660		216
Total	$	162,015	$	172,070

	Six Months Ended
	June 30, 2015		June 30, 2014
Korea	$	124,225	$	134,333
Asia Pacific (other than Korea)		154,759		144,558
U.S.A.		39,680		44,349
Europe		7,361		12,494
Others		875		500
Total	$	326,900	$	336,234

Net sales from the Company’s top ten largest customers accounted for 65% and 59% for the three months ended June 30, 2015 and 2014, respectively, and 66% and 57% for the six months ended June 30, 2015 and 2014, respectively.

For the three months ended June 30, 2015, the Company had two customers that represented 14.8% and 10.8% of its net sales, respectively, and for the six months ended June 30, 2015, the Company had three customers that represented 15.1%, 11.3% and 10.1% of its net sales, respectively.

For the three months ended June 30, 2014, we had one customer which represented 10.5% of the Company’s net sales, and for the six months ended June 30, 2014, we had no customer which represented over 10% of the Company’s net sales.

96% of the Company’s property, plant and equipment are located in Korea as of June 30, 2015.