Segment Information

12 Months Ended

Mar. 29, 2025

Segment Reporting [Abstract]

Segment Information

Segment Information

We determine our operating segments in accordance with Financial Accounting Standards Board (“FASB”) guidelines. Our Chief Executive Officer (“CEO”) has been identified as the CODM under these guidelines.

The Company operates and tracks its results in one reportable segment, but reports revenue performance in two product lines: Audio and HPMS. Our CEO receives and uses enterprise-wide financial information to assess financial performance and allocate resources. Our product lines have similar characteristics and customers and share operations support functions such as sales, public relations, supply chain management, various research and development and engineering support, in addition to the general and administrative functions of human resources, legal, finance and information technology. Therefore, there is no complete, discrete financial information maintained for these product lines. Revenue by product line is disclosed in Note 9 - Revenues.

The CODM allocates resources and evaluates Company performance based on net income. This information is used to measure profitability, make budgeting and forecasting decisions, monitor performance trends, and to compare actual results to forecasts. The CODM regularly reviews the consolidated statement of income and a disaggregation of operating expenses, with a focus on personnel-related and product development costs. The measure of segment assets is reported on the balance sheet as total consolidated assets.

The table below presents the Company's significant segment operating expenses (in thousands):

	Fiscal Years Ended
	March 29, 2025		March 30, 2024		March 25, 2023
Personnel-related (1)	353,338		333,559		339,192
Product development (2)	64,946		65,912		71,245
Other segment items (3)	167,395		173,135		297,511
Total Operating Expense	$	585,679	$	572,606	$	707,948

(1) Personnel-related expenses include employee base pay, benefits, variable compensation and other employee-related expenses.

(2) Product development costs include software, engineering mask sets, wafers, and boards, as well as outside design services.

(3) Other segment items primarily include stock-based compensation, facilities-related costs, depreciation and amortization, and non-recurring charges, offset by the benefit received from research and development expenditure credits.

Geographic Area

The Company's geographic details of revenue and property, plant and equipment are included below.

The following illustrates net sales by ship to location of the customer (in thousands):

	Fiscal Years Ended
	March 29, 2025		March 30, 2024		March 25, 2023
China	$	1,126,367	$	1,114,310	$	1,230,602
India	205,902		125,138		69,343
Hong Kong	196,530		219,053		223,405
South Korea	142,655		119,532		93,177
Vietnam	123,073		96,080		93,760
United States	15,838		17,971		52,688
Rest of World	85,712		96,806		134,642
Total consolidated net sales	$	1,896,077	$	1,788,890	$	1,897,617

The following illustrates property, plant and equipment, net, by geographic locations, based on physical location (in thousands):

	Fiscal Years Ended
	March 29, 2025		March 30, 2024
United States	$	133,383	$	140,300
United Kingdom	13,570		16,822
Rest of World	12,947		13,053
Total consolidated property, plant and equipment, net	$	159,900	$	170,175