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Operating Segment and Geographical Information
 12 Months Ended
Mar. 28, 2020
Segment Reporting [Abstract]  
OPERATING SEGMENT AND GEOGRAPHIC INFORMATION OPERATING SEGMENT AND GEOGRAPHIC INFORMATION

The Company's operating and reportable segments as of March 28, 2020 are MP and IDP based on the organizational structure and information reviewed by the Company's Chief Executive Officer, who is the Company's chief operating decision maker ("CODM"), and these segments are managed separately based on the end markets and applications they support. The CODM allocates resources and assesses the performance of each operating segment primarily based on non-GAAP operating income.

MP is a global supplier of cellular, UWB and Wi-Fi solutions for a variety of high-volume markets, including smartphones, wearables, laptops, tablets and IoT applications.

IDP is a global supplier of RF, system-on-a-chip and power management solutions for wireless infrastructure, defense, smart home, automotive and other IoT applications.

The "All other" category includes operating expenses such as stock-based compensation, amortization of intangible assets, acquisition and integration related costs, restructuring related charges, start-up costs, asset impairment and accelerated depreciation, (loss) gain on assets, and other miscellaneous corporate overhead expenses that the Company does not allocate to its reportable segments because these expenses are not included in the segment operating performance measures evaluated by the Company’s CODM. The CODM does not evaluate operating segments using discrete asset information. The Company’s operating segments do not record intercompany revenue. The Company does not allocate gains and losses from equity investments, interest and other income, or taxes to operating segments. Except as discussed above regarding the "All other" category, the Company’s accounting policies for segment reporting are the same as for the Company as a whole.

The following tables present details of the Company’s operating and reportable segments and a reconciliation of the "All other" category (in thousands):
 
Fiscal Year
 
2020
 
2019
 
2018
Revenue:
 
 
 
 
 
MP
$
2,397,740

 
$
2,197,660

 
$
2,181,161

IDP
841,401

 
892,665

 
788,495

All other (1)
—

 
—

 
3,880

Total revenue
$
3,239,141

 
$
3,090,325

 
$
2,973,536

Operating income (loss):
 
 
 
 
 
MP
$
715,514

 
$
558,990

 
$
549,574

IDP
145,295

 
267,304

 
235,719

All other
(437,593
)
 
(609,828
)
 
(715,011
)
Operating income
$
423,216

 
$
216,466

 
$
70,282

Interest expense
$
(60,392
)
 
$
(43,963
)
 
$
(59,548
)
Interest income
12,066

 
10,971

 
7,017

Other income (expense)
20,199

 
(91,682
)
 
(606
)
Income before income taxes
$
395,089

 
$
91,792

 
$
17,145


(1) "All other" revenue relates to royalty income that was not allocated to MP or IDP for fiscal 2018. As a result of the adoption of ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)," income related to a right-to-use license of intellectual property was recognized at a point-in-time and, therefore, was included as a transition adjustment impacting retained earnings.

 
Fiscal Year
 
2020
 
2019
 
2018
Reconciliation of "All other" category:
 
 
 
 
 
Stock-based compensation expense
$
(75,978
)
 
$
(71,580
)
 
$
(68,158
)
Amortization of intangible assets
(246,563
)
 
(453,515
)
 
(539,362
)
Acquisition and integration related costs
(61,891
)
 
(8,522
)
 
(10,561
)
Restructuring related charges
(21,808
)
 
(13,467
)
 
(21,406
)
Start-up costs
(712
)
 
(18,035
)
 
(24,271
)
Asset impairment and accelerated depreciation
(27,118
)
 
(37,246
)
 
(38,000
)
Other (including (loss) gain on assets and other miscellaneous corporate overhead)
(3,523
)
 
(7,463
)
 
(13,253
)
Loss from operations for "All other"
$
(437,593
)
 
$
(609,828
)
 
$
(715,011
)


The consolidated financial statements include revenue to customers by geographic region that are summarized as follows (in thousands):
 
Fiscal Year
 
2020
 
2019
 
2018
Revenue:
 
 
 
 
 
  United States
$
1,468,358

 
$
1,379,528

 
$
1,463,594

  China
1,106,679

 
1,094,061

 
890,969

  Other Asia
340,400

 
271,797

 
327,158

  Taiwan
169,337

 
188,745

 
161,479

  Europe
154,367

 
156,194

 
130,336

Total Revenue
$
3,239,141

 
$
3,090,325

 
$
2,973,536


During the first quarter of fiscal 2020, the Company changed its presentation of net revenue based on the "sold to" address of the customer to the above presentation of net revenue based on the location of the customers' headquarters. The information above for fiscal years 2019 and 2018 has been reclassified to reflect this change. The Company believes that the disaggregation of revenue based on the location of the customers' headquarters is more representative of how its revenue and cash flows are impacted by geographically-sensitive changes in economic factors.

The consolidated financial statements include the following long-lived tangible asset amounts related to operations of the Company by geographic region (in thousands):
 
March 28, 2020
 
March 30, 2019
Long-lived tangible assets:
 
 
 
United States
$
1,042,587

 
$
1,106,705

China
166,524

 
216,342

Other countries
50,092

 
43,466