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Segment Information (Tables)
12 Months Ended
Jan. 26, 2020
Segment Reporting [Abstract]  
Net sales by segment
Net sales by reportable segment were as follows:
 
Fiscal Year Ended
(in thousands)
January 26, 2020
 
January 27, 2019
 
January 28, 2018
Semiconductor Products Group
$
547,512

 
$
627,196

 
$
587,847

Total
$
547,512

  
$
627,196

 
$
587,847


Income by segment and reconciliation to consolidated
The following table presents a reconciliation of operating income by segment to consolidated income before taxes: (historical amounts have been adjusted to conform to the current presentation):
 
Fiscal Year Ended
(in thousands)
January 26, 2020
 
January 27, 2019
 
January 28, 2018
Semiconductor Products Group
$
124,911

 
$
186,975

 
$
160,810

   Operating income by segment
124,911

 
186,975

 
160,810

Items to reconcile segment operating income to consolidated income before taxes:
 
 
 
 
 
Share-based compensation
52,049

 
66,837

 
50,051

Intangible amortization
16,546

 
26,649

 
27,867

Investment impairments
1,211

 
30,000

 
4,250

Changes in the fair value of contingent earn-out obligations
(2,345
)
 
(9,419
)
 
3,892

Restructuring and other reserves
4,621

 
769

 
6,196

Litigation cost, net of recoveries
1,340

 
(6,137
)
 
2,183

Transaction and integration related
691

 
2,777

 
3,810

Amortization of fair value adjustments related to acquired property, plant and equipment

 

 
190

Interest expense
9,106

 
9,202

 
7,963

Non-operating income, net
(2,893
)
 
(3,823
)
 
(3,348
)
Income before taxes and equity in net gains (losses) of equity method investments
$
44,585

 
$
70,120

 
$
57,756


Net sales by product line
The table below provides net sales activity by product line on a comparative basis:
 
Fiscal Year Ended
(in thousands, except percentages)
January 26, 2020
 
January 27, 2019
 
January 28, 2018
Signal Integrity
$
222,846

 
40
%
 
$
276,040

 
44
 %
 
$
263,015

 
45
 %
Wireless and Sensing
167,454

 
31
%
 
190,589

 
30
 %
 
164,569

 
28
 %
Protection
157,212

 
29
%
 
182,068

 
29
 %
 
176,482

 
30
 %
Other: Warrant Shares (1)

 
%
 
(21,501
)
 
(3
)%
 
(16,219
)
 
(3
)%
Total net sales
$
547,512

  
100
%
 
$
627,196

  
100
 %
 
$
587,847

  
100
 %

(1) For fiscal years 2019 and 2018, the net sales offset reflects the cost associated with the Warrant (see Note 11 for discussion regarding Share-Based Compensation).
Schedule Of Revenue From External Customers By Sales Channel
Information by Sales Channel
 
Fiscal Year Ended
(in thousands)
January 26, 2020
 
January 27, 2019
 
January 28, 2018
Distributor
$
392,582

 
$
442,518

 
$
390,618

Direct
154,930

 
206,179

 
213,448

Other: Warrant Shares

 
(21,501
)
 
(16,219
)
Total net sales
$
547,512

 
$
627,196

 
$
587,847


Net sales by geographic region
Net sales activity by geographic region was as follows:
 
Fiscal Year Ended
(in thousands, except percentages)
January 26, 2020
 
January 27, 2019
 
January 28, 2018
Asia-Pacific
$
421,584

 
77
%
 
$
480,680

 
76
 %
 
$
439,342

 
75
 %
North America
76,652

 
14
%
 
118,664

 
19
 %
 
121,144

 
21
 %
Europe
49,276

 
9
%
 
49,353

 
8
 %
 
43,580

 
7
 %
Other: Warrant Shares

 
%
 
(21,501
)
 
(3
)%
 
(16,219
)
 
(3
)%
Total net sales
$
547,512

 
100
%
 
$
627,196

 
100
 %
 
$
587,847

 
100
 %

Sales activity to countries representing greater than 10% of total sales The table below summarizes sales activity to countries that represented greater than 10% of total sales for at least one of the periods presented:
 
Fiscal Year Ended
(percentage of total net sales)
January 26, 2020
 
January 27, 2019
 
January 28, 2018
China (including Hong Kong)
53
%
 
55
%
 
51
%
United States
9
%
 
11
%
 
9
%
Total net sales
62
%
 
66
%
 
60
%

Significant Customers
The following significant customers accounted for at least 10% of net sales in one or more of the periods indicated:
 
Fiscal Year Ended
(percentage of net sales)
January 26, 2020
 
January 27, 2019
 
January 28, 2018
Trend-tek Technology Ltd. (and affiliates)
13
%
 
14
%
 
10
%
Frontek Technology Corporation (and affiliates)
11
%
 
11
%
 
7
%
Arrow Electronics (and affiliates)
9
%
 
10
%
 
11
%
Samsung Electronics (and affiliates)
4
%
 
8
%
 
8
%
Premier Technical Sales Korea, Inc. (and affiliates) (1)
7
%
 
4
%
 
6
%
(1) Premier is a distributor with a concentration of sales to Samsung. The above percentages represent the Company's estimate of the sales activity related to Samsung that is passing through this distributor.
The following table shows the customers that have an outstanding receivable balance that represents at least 10% of total net receivables as of the dates indicated:
 
Balance as of
(percentage of net receivables)
January 26, 2020
 
January 27, 2019
Trend-tek Technology Ltd. (and affiliates)
13
%
 
11
%
Frontek Technology Corporation (and affiliates)
11
%
 
10
%
CEAC International Limited
11
%
 
7
%

Long-lived assets by location
The following table summarizes the Company's long-lived assets, which consist of property, plant and equipment, net of accumulated depreciation, classified by location:
 
Fiscal Year Ended
(in thousands)
January 26, 2020
 
January 27, 2019
United States
$
54,357

  
$
46,285

Rest of North America
32,559

 
34,493

Asia and all others
26,133

  
28,871

Europe
11,369

 
8,839

Total
$
124,418

 
$
118,488