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Segment Information
 9 Months Ended
Oct. 29, 2017
Segment Reporting [Abstract]  
Segment Information
Segment Information
Segment Information

The Company’s CEO functions as the CODM. The Company’s CODM makes operating decisions and assesses performance based on these operating segments. The four operating segments: Protection Products Group, Power and High-Reliability Products Group, Signal Integrity Products Group, and Wireless and Sensing Products Group, all have similar economic characteristics and have been aggregated into one reportable segment identified in the table below as the "Semiconductor Products Group".

On August 5, 2016, the Company completed its divestiture of its Snowbush IP business, and the Company no longer has a Systems Innovation Group or an "All others" category, which previously existed as a separate operating segment.

The Company’s assets are commingled among the various operating segments and the CODM does not use that information in making operating decisions or assessing performance. Therefore, the Company has not included asset information by segment below.

Net sales by segment are as follows:
 
Three Months Ended
 
Nine Months Ended
(in thousands)
October 29, 2017
 
October 30, 2016
 
October 29, 2017
 
October 30, 2016
Semiconductor Products Group
$
150,304

 
$
137,185

 
$
447,233

 
$
404,036

All others
—

 
—

 
—

 
205

Total
$
150,304

 
$
137,185

 
$
447,233

 
$
404,241



Income by segment and reconciliation to consolidated operating income:
 
Three Months Ended
 
Nine Months Ended
(in thousands)
October 29, 2017
 
October 30, 2016
 
October 29, 2017
 
October 30, 2016
Semiconductor Products Group
$
42,828

 
$
33,013

 
$
124,906

 
$
92,973

All others
—

 
25,214

 
—

 
22,738

   Operating income by segment
42,828

 
58,227

 
124,906

 
115,711

Items to reconcile segment operating income to consolidated income before taxes
 
 
 
 
 
 
 
Share-based compensation
15,356

 
9,395

 
44,166

 
21,198

Intangible amortization
7,453

 
6,286

 
20,414

 
19,017

Changes in the fair value of contingent earn-out obligations
188

 
—

 
188

 
(162
)
Other non-segment related expenses
2,252

 
3,139

 
5,221

 
5,939

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

 
308

 
190

 
925

Interest expense, net
2,032

 
1,890

 
6,107

 
5,857

Non-operating expense, net
(1,267
)
 
690

 
(431
)
 
871

Income before taxes
$
16,814

 
$
36,519

 
$
49,051

 
$
62,066


Information by Product Line
The Company operates exclusively in the semiconductor industry and primarily within the analog and mixed-signal sector.
The table below provides net sales activity by product line on a comparative basis:
 
Three Months Ended
 
Nine Months Ended
(in thousands, except percentages)
October 29, 2017
 
October 30, 2016
 
October 29, 2017
 
October 30, 2016
Signal Integrity
$
63,921

 
42
 %
 
$
60,550

 
44
 %
 
$
198,645

 
43
 %
 
$
193,745

 
48
 %
Protection
49,366

 
33
 %
 
40,250

 
29
 %
 
136,673

 
31
 %
 
108,296

 
27
 %
Wireless and Sensing
31,146

 
21
 %
 
24,070

 
18
 %
 
92,378

 
21
 %
 
60,514

 
15
 %
Power and High-Reliability
12,120

 
8
 %
 
15,984

 
12
 %
 
34,263

 
8
 %
 
45,150

 
11
 %
Systems Innovation
—

 
—
 %
 
—

 
—
 %
 
—

 
—
 %
 
205

 
—
 %
Other: Warrant Shares
(6,249
)
 
(4
)%
 
(3,669
)
 
(3
)%
 
(14,726
)
 
(3
)%
 
(3,669
)
 
(1
)%
Total net sales
$
150,304

 
100
 %
 
$
137,185

 
100
 %
 
$
447,233

 
100
 %
 
$
404,241

 
100
 %


The cost of the Warrant granted is recognized as an offset to net sales over the respective performance period.
Geographic Information
The Company generates virtually all of its sales from its Semiconductor Products Group through sales of analog and mixed-signal devices.
Net sales activity by geographic region is as follows:
 
Three Months Ended
 
Nine Months Ended
 
October 29, 2017
 
October 30, 2016
 
October 29, 2017
 
October 30, 2016
Asia-Pacific
75
 %
 
80
 %
 
74
 %
 
79
 %
North America
21
 %
 
16
 %
 
21
 %
 
16
 %
Europe
8
 %
 
7
 %
 
8
 %
 
8
 %
Other: Warrant Shares
(4
)%
 
(3
)%
 
(3
)%
 
(3
)%
 
100
 %
 
100
 %
 
100
 %
 
100
 %

The Company attributes sales to a country based on the ship-to address. The table below summarizes sales activity to countries that represented greater than 10% of total net sales for at least one of the periods presented:
 
Three Months Ended
 
Nine Months Ended
(percentage of total sales)
October 29, 2017
 
October 30, 2016
 
October 29, 2017
 
October 30, 2016
China (including Hong Kong)
50
%
 
46
%
 
50
%
 
45
%
United States
9
%
 
11
%
 
9
%
 
11
%