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Revenue from Contract with Customers
6 Months Ended
Sep. 23, 2022
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 six-month periods ended September 23, 2022 and September 24, 2021. 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 to which the products are shipped.
Net sales by application:
Three-Month Period EndedSix-Month Period Ended
September 23,
2022
September 24,
2021
September 23,
2022
September 24,
2021
Automotive$157,398 $126,031 $307,047 $259,554 
Industrial48,176 36,321 88,316 66,630 
Other32,092 31,258 60,056 55,568 
Total net sales$237,666 $193,610 $455,419 $381,752 
Net sales by product:
Three-Month Period EndedSix-Month Period Ended
September 23,
2022
September 24,
2021
September 23,
2022
September 24,
2021
Power integrated circuits$97,327 $65,523 $177,987 $132,195 
Magnetic sensors and other140,339 128,087 277,432 249,557 
Total net sales$237,666 $193,610 $455,419 $381,752 
Net sales by geography:
Three-Month Period EndedSix-Month Period Ended
September 23,
2022
September 24,
2021
September 23,
2022
September 24,
2021
Americas:
United States$25,131 $27,785 $53,522 $54,626 
Other Americas7,244 5,427 13,731 11,776 
EMEA:
Europe40,710 32,466 76,043 67,217 
Asia:
Japan45,026 37,165 86,735 72,618 
Greater China63,203 50,683 118,319 93,462 
South Korea20,931 19,746 41,910 41,679 
Other Asia35,421 20,338 65,159 40,374 
Total net sales$237,666 $193,610 $455,419 $381,752 
The Company recognizes sales net of returns, credits issued, price protection adjustments and stock rotation rights. At September 23, 2022 and March 25, 2022, these adjustments were $19,754 and $14,924, respectively, and were netted against trade accounts receivable in the unaudited condensed consolidated balance sheets. These amounts represent charges of $4,830 and $2,171 for the six-month periods ended September 23, 2022 and September 24, 2021, respectively.
Unsatisfied performance obligations primarily represent contracts for products with future delivery dates. The Company elected not to disclose the amount of unsatisfied performance obligations as these contracts have original expected durations of less than one year.