XML 36 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information
 3 Months Ended
Jul. 02, 2017
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 memory (FIFO), 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, video distribution and contribution solutions and sensing products for mobile, automotive and industrial solutions.
The tables below provide information about these segments:
 Revenues by segment
Three Months Ended
(in thousands)
July 2,
2017

July 3,
2016
Communications
$
57,826

 
$
79,097

Computing, Consumer and Industrial
138,887

 
113,031

Total revenues
$
196,713

 
$
192,128


Income by segment
Three Months Ended
 
(in thousands)
July 2,
2017
 
July 3,
2016
Communications
19,272

 
28,738

Computing, Consumer and Industrial
30,411

 
23,042

Unallocated expenses:
 
 
 
Amortization of intangible assets
(10,841
)
 
(5,775
)
Inventory fair market value adjustment
(4,081
)
 
(2,395
)
Assets impairment and other
—

 
(870
)
Stock-based compensation expense
(11,820
)
 
(10,515
)
Severance, retention and facility closure costs
(653
)
 
(11,937
)
Acquisition-related costs and other
(2,225
)
 
—

Deferred compensation plan expense, net
(52
)
 
(11
)
Interest expense and other, net
(4,279
)
 
(2,888
)
Income before income taxes
$
15,732

 
$
17,389



The Company does not allocate goodwill and intangible assets impairment charge, IPR&D, 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 2,
2017
 
July 3,
2016
Hong Kong
$
63,888

 
$
73,928

Rest of Asia Pacific
82,698

 
74,763

Americas (1)
25,795

 
20,453

Europe
24,332

 
22,984

Total revenues
$
196,713

 
$
192,128


(1)
The revenues from the customers in the U.S. were $22.1 million and $18.7 million in the three months ended July 2, 2017 and July 3, 2016, respectively.
The Company utilizes global and regional distributors around the world, that buy products directly from the Company on behalf of their customers. One distributor, Avnet and its affiliates accounted for 11% of the Company's revenues in the three months ended July 2, 2017. One direct original equipment manufacturer (OEM) customer, Samsung Electronics accounted for 11% of the Company's revenues in the three months ended July 2, 2017. Two distributors, Uniquest and Avnet and its affiliates accounted for 13% and 11%, respectively, of the Company's revenues in the three months ended July 3, 2016.
As of July 2, 2017, two distributors represented approximately 13% and 10% of the Company’s gross accounts receivable. As of April 2, 2017, 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 each of Malaysia and Germany, design centers in the U.S., Canada and China, and sales subsidiaries in APAC and Europe. The Company's net property, plant and equipment are summarized below by geographic area: 
 
(in thousands)
July 2,
2017
 
April 2,
2017
United States
$
40,863

 
$
37,996

Malaysia
25,760

 
24,386

Germany
11,654

 
12,477

Canada
3,604

 
3,512

All other countries
2,815

 
2,590

Total property, plant and equipment, net
$
84,696

 
$
80,961