Segment Information

3 Months Ended

Jun. 28, 2025

Segment Reporting [Abstract]

Segment Information

Segment Information

We determine our operating segments in accordance with FASB guidelines.  Our Chief Executive Officer (“CEO”) has been identified as the chief operating decision maker ("CODM") under these guidelines. 

The Company operates and tracks its results in one reportable segment, but reports revenue 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 evaluates Company performance based on net income, and 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 expenses. 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):

	Three Months Ended
	June 28, 2025		June 29, 2024
Personnel-related (1)	$	88,318	$	84,501
Product development (2)	13,731		14,916
Other segment items (3)	39,587		42,716
Total Operating Expense	$	141,636	$	142,133

(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 are included below.

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

	Three Months Ended
	June 28, 2025		June 29, 2024
China	$	189,955	$	205,708
India	75,429		38,032
Hong Kong	49,175		41,649
Vietnam	36,263		26,283
South Korea	32,893		38,883
United States	4,648		5,216
Rest of World	18,909		18,255
Total consolidated sales	$	407,272	$	374,026