XML 75 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information
9 Months Ended
Aug. 02, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company operates and tracks its results in one reportable segment based upon the aggregation of five operating segments. The Company designs, develops, manufactures and markets a broad range of integrated circuits. The Chief Executive Officer has been identified as the Chief Operating Decision Maker. The Company has determined that all of the Company's operating segments share the following similar economic characteristics, and therefore meet the criteria established for operating segments to be aggregated into one reportable segment, namely:
The primary source of revenue for each operating segment is the sale of integrated circuits.
The integrated circuits sold by each of the Company's operating segments are manufactured using similar semiconductor manufacturing processes and raw materials in either the Company’s own production facilities or by third-party wafer fabricators using proprietary processes.
The Company sells its products to tens of thousands of customers worldwide. Many of these customers use products spanning all operating segments in a wide range of applications.
The integrated circuits marketed by each of the Company's operating segments are sold globally through a direct sales force, third-party distributors, independent sales representatives and via our website to the same types of customers.
All of the Company's operating segments share a similar long-term financial model as they have similar economic characteristics. The causes for variation in operating and financial performance are the same among the Company's operating segments and include factors such as (i) life cycle and price and cost fluctuations, (ii) number of competitors, (iii) product differentiation and (iv) size of market opportunity. Additionally, each operating segment is subject to the overall cyclical nature of the semiconductor industry. Lastly, the number and composition of employees and the amounts and types of tools and materials required for production of products are similar for each operating segment.

Revenue Trends by End Market
The following table summarizes revenue by end market. The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which the Company’s product will be incorporated. As data systems for capturing and tracking this data evolve and improve, the categorization of products by end market can vary over time. When this occurs, the Company reclassifies revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market. The results below in the consumer end market are reflective of the sale of the Company's microphone product line in the fourth quarter of fiscal 2013.
 
Three Months Ended
 
August 2, 2014
 
August 3, 2013
 
Revenue
 
% of
Revenue
 
Y/Y%
 
Revenue
 
% of
Revenue
Industrial
$
350,578

 
48
%
 
12
 %
 
$
312,970

 
46
%
Automotive
130,052

 
18
%
 
8
 %
 
120,925

 
18
%
Consumer
80,870

 
11
%
 
(19
)%
 
100,254

 
15
%
Communications
166,252

 
23
%
 
19
 %
 
140,023

 
21
%
Total revenue
$
727,752

 
100
%
 
8
 %
 
$
674,172

 
100
%


 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended
 
August 2, 2014
 
August 3, 2013
 
Revenue
 
% of
Revenue
 
Y/Y%
 
Revenue
 
% of
Revenue
Industrial
$
965,422

 
47
%
 
7
 %
 
$
904,385

 
46
%
Automotive
390,485

 
19
%
 
11
 %
 
351,939

 
18
%
Consumer
233,130

 
11
%
 
(24
)%
 
308,762

 
16
%
Communications
461,489

 
23
%
 
18
 %
 
390,470

 
20
%
Total revenue
$
2,050,526

 
100
%
 
5
 %
 
$
1,955,556

 
100
%
Revenue Trends by Product Type
The following table summarizes revenue by product categories. The categorization of the Company’s products into broad categories is based on the characteristics of the individual products, the specification of the products and in some cases the specific uses that certain products have within applications. The categorization of products into categories is therefore subject to judgment in some cases and can vary over time. In instances where products move between product categories, the Company reclassifies the amounts in the product categories for all prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each product category. The results below in the other analog product category market are reflective of the sale of the Company's microphone product line in the fourth quarter of fiscal 2013.
 
Three Months Ended
 
August 2, 2014
 
August 3, 2013
 
Revenue
 
% of
Revenue
 
Y/Y%
 
Revenue
 
% of
Revenue*
Converters
$
327,538

 
45
%
 
9
%
 
$
300,484

 
45
%
Amplifiers / Radio frequency
194,017

 
27
%
 
9
%
 
177,451

 
26
%
Other analog
95,964

 
13
%
 
4
%
 
92,278

 
14
%
Subtotal analog signal processing
617,519

 
85
%
 
8
%
 
570,213

 
85
%
Power management & reference
45,913

 
6
%
 
1
%
 
45,611

 
7
%
Total analog products
$
663,432

 
91
%
 
8
%
 
$
615,824

 
91
%
Digital signal processing
64,320

 
9
%
 
10
%
 
58,348

 
9
%
Total revenue
$
727,752

 
100
%
 
8
%
 
$
674,172

 
100
%
* The sum of the individual percentages does not equal the total due to rounding.
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended
 
August 2, 2014
 
August 3, 2013
 
Revenue
 
% of
Revenue*
 
Y/Y%
 
Revenue
 
% of
Revenue*
Converters
$
936,004

 
46
%
 
7
 %
 
$
873,884

 
45
%
Amplifiers / Radio frequency
545,018

 
27
%
 
8
 %
 
506,222

 
26
%
Other analog
263,486

 
13
%
 
(6
)%
 
279,876

 
14
%
Subtotal analog signal processing
1,744,508

 
85
%
 
5
 %
 
1,659,982

 
85
%
Power management & reference
127,761

 
6
%
 
(1
)%
 
128,694

 
7
%
Total analog products
$
1,872,269

 
91
%
 
5
 %
 
$
1,788,676

 
91
%
Digital signal processing
178,257

 
9
%
 
7
 %
 
166,880

 
9
%
Total revenue
$
2,050,526

 
100
%
 
5
 %
 
$
1,955,556

 
100
%

* The sum of the individual percentages does not equal the total due to rounding.

Revenue Trends by Geographic Region
Revenue by geographic region, based on the primary location of the Company's customers’ design activity for its products, for the three- and nine-month periods ended August 2, 2014 and August 3, 2013 were as follows:
 
Three Months Ended
 
Nine Months Ended
Region
August 2, 2014
 
August 3, 2013
 
August 2, 2014
 
August 3, 2013
United States
$
200,590

 
$
202,687

 
$
576,496

 
$
613,139

Rest of North and South America
25,959

 
25,063

 
70,826

 
76,769

Europe
244,148

 
217,608

 
677,134

 
622,977

Japan
79,063

 
77,790

 
224,745

 
214,352

China
113,933

 
93,305

 
324,000

 
262,044

Rest of Asia
64,059

 
57,719

 
177,325

 
166,275

Total revenue
$
727,752

 
$
674,172

 
$
2,050,526

 
$
1,955,556


In the three- and nine-month periods ended August 2, 2014 and August 3, 2013, the predominant country comprising “Rest of North and South America” is Canada; the predominant countries comprising “Europe” are Germany, Sweden, France and the United Kingdom; and the predominant countries comprising “Rest of Asia” are South Korea and Taiwan.