Segment Information

9 Months Ended

Aug. 01, 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
	August 1, 2015						August 2, 2014
	Revenue		% of Revenue*		Y/Y%		Revenue		% of Revenue
Industrial	$	384,187	44	%	10	%	$	350,683	48	%
Automotive	130,109		15	%	—	%	130,269		18	%
Consumer	206,778		24	%	155	%	80,948		11	%
Communications	142,291		16	%	(14	)%	165,852		23	%
Total revenue	$	863,365	100	%	19	%	$	727,752	100	%

____________

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

	Nine Months Ended
	August 1, 2015						August 2, 2014
	Revenue		% of Revenue		Y/Y%		Revenue		% of Revenue*
Industrial	$	1,126,553	46	%	17	%	$	966,359	47	%
Automotive	393,753		16	%	1	%	390,890		19	%
Consumer	410,960		17	%	77	%	232,303		11	%
Communications	525,104		21	%	14	%	460,974		22	%
Total revenue	$	2,456,370	100	%	20	%	$	2,050,526	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 1, 2015 and August 2, 2014 were as follows:

	Three Months Ended				Nine Months Ended
Region	August 1, 2015		August 2, 2014		August 1, 2015		August 2, 2014
United States	$	359,682	$	200,590	$	870,522	$	576,496
Rest of North and South America	20,186		25,959		65,546		70,826
Europe	221,270		244,148		711,253		677,134
Japan	80,489		79,063		245,395		224,745
China	126,188		113,933		383,356		324,000
Rest of Asia	55,550		64,059		180,298		177,325
Total revenue	$	863,365	$	727,752	$	2,456,370	$	2,050,526

In the three- and nine-month periods ended August 1, 2015 and August 2, 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.