Segment Information

6 Months Ended

May 02, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

In the first quarter of 2015, the Company implemented organizational changes designed to accelerate the Company's growth by increasing the speed and impact of its technological innovation. The organizational changes combine the Company's market and technology teams to better position engineers with customers in order to address the evolving needs of the markets the Company serves. As a result of these organizational changes, the Company re-evaluated its reporting structure under the new organization and concluded that the Company continues to operate in one reportable segment based on the aggregation of six operating segments. The Company designs, develops, manufactures and markets a broad range of integrated circuits. The Chief Executive Officer has been identified as the Company's 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.

	Three Months Ended
	May 2, 2015						May 3, 2014
	Revenue		% of Revenue		Y/Y%		Revenue		% of Revenue
Industrial	$	390,712	48	%	20	%	$	325,950	47	%
Automotive	139,707		17	%	3	%	135,998		20	%
Consumer	109,032		13	%	40	%	77,644		11	%
Communications	181,568		22	%	17	%	154,944		22	%
Total revenue	$	821,019	100	%	18	%	$	694,536	100	%

	Six Months Ended
	May 2, 2015						May 3, 2014
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue*
Industrial	$	742,415	47	%	21	%	$	614,771	46	%
Automotive	263,747		17	%	1	%	260,666		20	%
Consumer	204,141		13	%	34	%	152,057		11	%
Communications	382,702		24	%	30	%	295,280		22	%
Total revenue	$	1,593,005	100	%	20	%	$	1,322,774	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 six-month periods ended May 2, 2015 and May 3, 2014 were as follows:

	Three Months Ended				Six Months Ended
Region	May 2, 2015		May 3, 2014		May 2, 2015		May 3, 2014
United States	$	276,193	$	193,608	$	510,840	$	375,906
Rest of North and South America	22,200		25,431		45,360		44,867
Europe	251,402		232,299		489,983		432,986
Japan	82,238		74,591		164,906		145,682
China	126,449		109,583		257,168		210,067
Rest of Asia	62,537		59,024		124,748		113,266
Total revenue	$	821,019	$	694,536	$	1,593,005	$	1,322,774

In the three- and six-month periods ended May 2, 2015 and May 3, 2014, 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.