Segment Information

9 Months Ended

Jan. 03, 2016

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, Consumer and Industry segment: includes clock generation and distribution products, high-performance server memory interfaces, PCI Express switching solutions, power management solutions, signal integrity products, and sensing products for mobile, automotive and industrial solutions.

The Company completed the acquisition of ZMDI in December 2015 and is in the process of integrating the ZMDI business into the Company's reporting segment. During the three months ended January 3, 2016, the Company renamed its Computing and Consumer reportable segment to Computing, Consumer and Industrial in order to reflect the operations of ZMDI which are primarily aggregated into the Computing, Consumer and Industrial reportable segment.

The tables below provide information about these segments:

Revenues by segment	Three Months Ended				Nine Months Ended
(in thousands)	January 3, 2016		December 28, 2014		January 3, 2016		December 28, 2014
Communications	$	85,502	$	79,288	$	222,688	$	240,046
Computing, Consumer and Industrial	92,108		71,872		285,327		174,509
Total revenues	$	177,610	$	151,160	$	508,015	$	414,555

Income by segment from continuing operations	Three Months Ended						Nine Months Ended
(in thousands)	January 3, 2016			December 28, 2014			January 3, 2016			December 28, 2014
Communications	$	35,238		$	29,315		$	85,588		$	88,864
Computing, Consumer and Industrial	17,248			10,073			66,934			10,350
Unallocated expenses:
Amortization of intangible assets	(2,732		)	(1,347		)	(4,315		)	(5,572		)
Inventory fair market value adjustment	(890		)	—			(890		)	—
Assets impairment and recoveries	—			—			(119		)	(2,703		)
Stock-based compensation expense	(9,462		)	(5,875		)	(25,878		)	(16,562		)
Severance, retention and facility closure costs	(6,092		)	(338		)	(9,060		)	(1,250		)
Acquisition-related costs and other	(2,649		)	—			(2,649		)	—
Deferred compensation plan expense (income), net	(3		)	125			—			125
Proceeds from life insurance policies	—			25			—			8
Interest income (expense) and other, net	(2,035		)	954			1,201			1,778
Income from continuing operations, before income taxes	$	28,623		$	32,932		$	110,812		$	75,038

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				Nine Months Ended
(in thousands)	January 3, 2016		December 28, 2014		January 3, 2016		December 28, 2014
APAC	$	131,155	$	111,437	$	380,101	$	283,293
Americas (1)	18,779		15,869		57,474		52,631
Japan	9,011		9,326		25,756		30,015
Europe	18,665		14,528		44,684		48,616
Total revenues	$	177,610	$	151,160	$	508,015	$	414,555

(1) The revenues from the customers in the U.S. were $18.0 million and $14.6 million in the three months ended January 3, 2016 and December 28, 2014, respectively. The revenues from the customers in the U.S. were $54.3 million and $47.1 million in the nine months ended January 3, 2016 and December 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, Avnet and its affiliates, and SK Hynix and its affiliates accounted for 14%, 13%, and 13%, respectively, of the Company's revenues in the three months ended January 3, 2016. Three distributors, Uniquest, SK Hynix and its affiliates, and Avnet and its affiliates accounted for 17%, 13% and 13%, respectively, of the Company's revenues in the nine months ended January 3, 2016. One distributor, Uniquest accounted for 17% and 13%, respectively, of the Company's revenues in the three and nine months ended December 28, 2014.

At January 3, 2016, three distributors represented approximately 18%, 11% and 10%, respectively, of the Company’s gross accounts receivable. At March 29, 2015, two distributors represented approximately 10% and 11%, respectively, of the Company’s gross accounts receivable.

The Company’s significant operations outside of the United States include test facilities in Malaysia and Germany, 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)	January 3, 2016		March 29, 2015
United States	$	37,703	$	38,879
Malaysia	20,250		21,244
Germany	10,681		—
Canada	3,587		3,997
All other countries	1,548		1,388
Total property, plant and equipment, net	$	73,769	$	65,508