Segment Information

6 Months Ended

Sep. 27, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The Chief Operating Decision Maker is the Company’s President and Chief Executive Officer.

The Company's reportable segments include the following:

• Communications segment: includes clock and timing solutions, flow-control management devices including Serial RapidIO^® switching solutions, multi-port products, telecommunications products, high-speed static random access memory, first in and first out, digital logic, radio frequency, and frequency control solutions.

• Computing and Consumer segment: includes clock generation and distribution products, high-performance server memory interfaces, PCI Express switching solutions, power management solutions and signal integrity products.

The tables below provide information about these segments:

Revenues by segment	Three Months Ended				Six Months Ended
(in thousands)	September 27, 2015		September 28, 2014		September 27, 2015		September 28, 2014
Communications	$	72,271	$	79,771	$	137,164	$	160,757
Computing and Consumer	97,227		57,322		193,241		102,638
Total revenues	$	169,498	$	137,093	$	330,405	$	263,395

Income by segment from continuing operations	Three Months Ended						Six Months Ended
(in thousands)	September 27, 2015			September 28, 2014			September 27, 2015			September 28, 2014
Communications	$	27,401		$	30,436		$	50,351		$	59,548
Computing and Consumer	25,417			2,010			49,686			278
Unallocated expenses:
Amortization of intangible assets	(751		)	(1,676		)	(1,583		)	(4,225		)
Assets impairment and recoveries	28			(401		)	(119		)	(2,703		)
Stock-based compensation expense	(8,581		)	(5,933		)	(16,447		)	(10,895		)
Severance, retention and facility closure costs	(2,048		)	(339		)	(2,969		)	(912		)
Interest income and other, net	1,568			647			3,270			1,015
Income from continuing operations, before income taxes	$	43,034		$	24,744		$	82,189		$	42,106

The Company does not allocate goodwill and intangible assets impairment charge, severance and retention costs, acquisition-related costs, stock-based compensation, interest income and other, and interest expense to its segments. In addition, the Company does not allocate assets to its segments. The Company excludes these items consistent with the manner in which it internally evaluates its results of operations.

Revenues from unaffiliated customers by geographic area, based on the customers' shipment locations, were as follows:

	Three Months Ended				Six Months Ended
(in thousands)	September 27, 2015		September 28, 2014		September 27, 2015		September 28, 2014
APAC	$	131,361	$	90,059	$	248,946	$	171,857
Americas (1)	16,950		19,753		38,695		36,761
Japan	7,525		10,447		16,745		20,689
Europe	13,662		16,834		26,019		34,088
Total revenues	$	169,498	$	137,093	$	330,405	$	263,395

(1) The revenues from the customers in the U.S. were $15.6 million and $17.4 million in the three months ended September 27, 2015 and September 28, 2014, respectively. The revenues from the customers in the U.S. were $36.3 million and $32.5 million in the six months ended September 27, 2015 and September 28, 2014, respectively.

The Company utilizes global and regional distributors around the world, that buy product directly from the Company on behalf of their customers. Three distributors, Uniquest, SK Hynix and its affiliates, and Avnet and its affiliates accounted for 16%, 15%, and 12%, respectively, of the Company's revenues in the three months ended September 27, 2015. Three distributors, Uniquest, SK Hynix and its affiliates, and Avnet and its affiliates accounted for 19%, 13% and 12%, respectively, of the Company's revenues in the six months ended September 27, 2015. Two distributors, Uniquest and Avnet and its affiliates accounted for 13% and 12%, respectively, of the Company's revenues in the three months ended September 28, 2014. Two distributors, Avnet and its affiliates, and Uniquest accounted for 12% and 11%, respectively, of the Company's revenues in the six months ended September 28, 2014.

At September 27, 2015, two distributors represented approximately 15% and 12%, respectively, of the Company’s gross accounts receivable. At March 29, 2015, two distributors represented approximately 11% and 10%, respectively, of the Company’s gross accounts receivable.

The Company’s significant operations outside of the United States include a test facility in Malaysia, design centers in Canada and China, and sales subsidiaries in Japan, APAC and Europe. The Company's net property, plant and equipment, are summarized below by geographic area: 

(in thousands)	September 27, 2015		March 29, 2015
United States	$	38,151	$	38,879
Canada	3,745		3,997
Malaysia	21,474		21,244
All other countries	1,520		1,388
Total property, plant and equipment, net	$	64,890	$	65,508