Note 18 - Segment and Geographic Information

6 Months Ended

Sep. 27, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 18. SEGMENT AND GEOGRAPHIC INFORMATION

We operate in one reportable segment, which is comprised of one operating segment. We design, develop and market high performance analog mixed-signal integrated circuits and advanced sub-system solutions for the Industrial, High-End Consumer and Infrastructure markets.

Our net sales by end market were summarized as follows as of the dates indicated below (in thousands):

	Three Months Ended				Six Months Ended
	September 27, 2015		September 28, 2014		September 27, 2015		September 28, 2014
Industrial	$	15,425	$	19,656	$	36,000	$	38,523
High-End Consumer		13,163		16,199		26,699		19,623
Infrastructure		6,154		7,304		12,465		15,732
Total net sales	$	34,742	$	43,159	$	75,164	$	73,878

Our foreign operations are conducted primarily through our wholly-owned subsidiaries in Canada, China, France, Germany, Japan, Malaysia, South Korea, Taiwan and the United Kingdom. Our principal markets include Asia Pacific region, North America, and Europe. Net sales by geographic areas represent direct sales principally to original equipment manufacturers (“OEM”), or their designated subcontract manufacturers, and to distributors (affiliated and unaffiliated) who buy our products and resell to their customers.

Our net sales by geographic area for the periods indicated below were as follows (in thousands):

	Three Months Ended				Six Months Ended
	September 27, 2015		September 28, 2014		September 27, 2015		September 28, 2014
China	$	17,898	$	16,738	$	32,822	$	27,497
Taiwan		3,881		5,826		8,968		7,236
United States		1,782		5,012		8,397		11,239
Singapore		3,300		3,605		7,485		7,195
Germany		3,286		3,055		6,959		6,012
Korea		1,872		5,126		4,840		7,254
Rest of world		2,723		3,797		5,693		7,445
Total net sales	$	34,742	$	43,159	$	75,164	$	73,878

Substantially all of our long-lived assets at each of September 27, 2015 and March 29, 2015 were located in the United States.

The following distributors and customer accounted for 10% or more of our net sales in the periods indicated:

	Three Months Ended				Six Months Ended
	September 27, 2015		September 28, 2014		September 27, 2015		September 28, 2014
Distributor A +		25%		20%		27%		24%
Customer D		15%		*		11%		*
Distributor F		*		11%		*		*

—————

*      Net sales for this distributor or customer for this period were less than 10% of our net sales.

+      Related Party

No other distributor or customer accounted for 10% or more of the net sales for the three and six months ended September 27, 2015 or September 28, 2014, respectively.

The following distributors and customers accounted for 10% or more of our net accounts receivable as of the dates indicated:

	September 27, 2015			March 29, 2015
Customer D		19	%		10	%
Distributor A +		17	%		6	%
Distributor E		11	%		12	%
Distributor B		*			11	%
Distributor D		*			10	%

—————

*      Accounts receivable for this distributor for this period were less than 10% of total account balance.

+      Related Party

No other distributor or customer accounted for 10% or more of the net accounts receivable as of September 27, 2015 or March 29, 2015, respectively.