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Revenue from Contract with Customers
9 Months Ended
Dec. 24, 2021
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The Company generates revenue from the sale of magnetic sensor integrated circuits (“ICs”) and application-specific analog power semiconductors. The following tables summarize net sales disaggregated by application, by product and by geography for the three- and nine-month periods ended December 24, 2021 and December 25, 2020. The categorization of net sales by application is determined using various characteristics of the product and the application into which the Company’s product will be incorporated. The categorization of net sales by geography is determined based on the location the products are being shipped to.
Net sales by application:
Three-Month Period EndedNine-Month Period Ended
December 24,
2021
December 25,
2020
December 24,
2021
December 25,
2020
Automotive$130,797 $113,902 $390,351 $279,759 
Industrial31,903 23,654 98,533 65,710 
Other23,929 26,893 79,497 70,630 
Total net sales$186,629 $164,449 $568,381 $416,099 
Net sales by product:
Three-Month Period EndedNine-Month Period Ended
December 24,
2021
December 25,
2020
December 24,
2021
December 25,
2020
Power integrated circuits$62,859 $54,406 $195,054 $146,276 
Magnetic sensors123,543 109,457 371,806 268,956 
Photonics227 586 1,521 867 
Total net sales$186,629 $164,449 $568,381 $416,099 
Net sales by geography:
Three-Month Period EndedNine-Month Period Ended
December 24,
2021
December 25,
2020
December 24,
2021
December 25,
2020
Americas:
United States$26,228 $23,934 $80,854 $57,892 
Other Americas4,921 5,620 16,697 10,797 
EMEA:
Europe29,891 28,239 97,108 70,459 
Asia:
Japan39,461 26,439 112,079 72,570 
Greater China48,696 46,172 142,158 116,178 
South Korea19,935 17,606 61,614 43,733 
Other Asia17,497 16,439 57,871 44,470 
Total net sales$186,629 $164,449 $568,381 $416,099 
The Company recognizes sales net of returns, credits issued, price protection adjustments and stock rotation rights. At December 24, 2021 and March 26, 2021, these adjustments and current expected credit losses were $16,014 and $15,412, respectively, and were netted against trade accounts receivable in the unaudited consolidated balance sheets. These amounts represent activity of net charges and income of $602 and $898, respectively, for the nine-month periods ended December 24, 2021 and December 25, 2020, respectively. Refer to Note 5, “Trade Accounts Receivable, net” for details of these adjustments and allowances.
Unsatisfied performance obligations primarily represent contracts for products with future delivery dates. The Company elected to not disclose the amount of unsatisfied performance obligations, as these contracts have original expected durations of less than one year.