Segment Information

3 Months Ended

Jul. 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 Industrial 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 operations. During fiscal 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
(in thousands)	July 3, 2016		June 28, 2015
Communications	$	79,097	$	64,893
Computing, Consumer and Industrial	113,031		96,014
Total revenues	$	192,128	$	160,907

Income by segment from continuing operations	Three Months Ended
(in thousands)	July 3, 2016			June 28, 2015
Communications	$	28,738		$	22,950
Computing, Consumer and Industrial	23,042			24,269
Unallocated expenses:
Amortization of intangible assets	(5,775		)	(831		)
Inventory fair market value adjustment	(2,395		)	—
Assets impairment and recoveries	(870		)	(147		)
Stock-based compensation expense	(10,515		)	(7,867		)
Severance, retention and facility closure costs	(11,937		)	(921		)
Deferred compensation plan expense (income), net	(11		)	—
Interest and other income (expense), net	(2,888		)	1,702
Income from continuing operations, before income taxes	$	17,389		$	39,155

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
(in thousands)	July 3, 2016		June 28, 2015
Hong Kong	$	73,928	$	73,954
Rest of Asia Pacific	74,763		52,851
Americas (1)	20,453		21,744
Europe	22,984		12,358
Total revenues	$	192,128	$	160,907

(1) The revenues from the customers in the U.S. were $18.7 million and $20.7 million in the three months ended July 3, 2016 and June 28, 2015, respectively.

The Company utilizes global and regional distributors around the world, that buy products directly from the Company on behalf of their customers. Two distributors, Avnet and its affiliates, and Uniquest accounted for 13%, and 11% respectively, of the Company's revenues in the three months ended July 3, 2016. Two distributors, Uniquest and Avnet and its affiliates accounted for 21% and 15%, respectively, of the Company's revenues in the three months ended June 28, 2015.

At July 3, 2016, one distributor represented approximately 18% of the Company’s gross accounts receivable. At April 3, 2016, two distributors represented approximately 12% and 10%, 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)	July 3, 2016		April 3, 2016
United States	$	39,233	$	38,735
Malaysia	20,628		20,150
Germany	9,539		9,235
Canada	3,794		3,781
All other countries	1,651		1,976
Total property, plant and equipment, net	$	74,845	$	73,877