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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table reports the compensation of our Principal Executive Officer (“PEO”) and the average compensation of the other Named Executive Officers (“non-PEO NEOs”) as reported in the Summary Compensation Table for the past four fiscal years, as well as their “compensation actually paid” as calculated pursuant to recently adopted SEC rules and certain performance measures required by the rules.
Year1
Summary
Compensation
Table Total
for PEO2 ($)
Compensation
Actually Paid to
PEO3 ($)
Average Summary
Compensation Table
Total for Non-PEO
Named Executive
Officers2 ($)
Average
Compensation
Actually Paid to
Non-PEOs
Named Executive
Officers($)
Value of Initial Fixed $100 Investment
Based on:
Net Income
($ in Millions)
Adjusted EBITDA
as a Percentage
of Net Sales6
Total Shareholder
Return ($)
Peer Group Total
Shareholder
Return5 ($)
(a)(b)(c)(d)(e)(f)(g)(h)(i)
202313,405,69032,727,9502,925,2244,304,294243.04238.72180.726.7 %
202212,071,147(14,955,812)4,032,331(1,180,462)132.44142.94208.929.7 %
202110,498,88128,998,0822,531,3466,304,090278.79219.50409.130.4 %
202010,185,80130,833,4872,032,9736,664,122192.83153.66295.029.2 %
     
Company Selected Measure Name adjusted EBITDA      
Named Executive Officers, Footnote The PEO and non-PEO NEOs for the applicable years were as follows:
2023: Mr. Loy served as our PEO; Ms. LaGorga, Mr. Woodland, Ms. Rice, Mr. Colella, Mr. Graves and Mr. Tison served as our non-PEO NEOs.
2022: Mr. Loy served as our PEO; Mr. Graves, Mr. Edlund, Ms. Rice, Mr. Colella and Mr. Woodland served as our non-PEO NEOs.
2021: Mr. Loy served as our PEO; Mr. Graves, Mr. Edlund, Ms. Rice and Mr. Haris served as our non-PEO NEOs.
2020: Mr. Loy served as our PEO; Mr. Graves, Mr. Edlund, Ms. Rice and Mr. Haris served as our non-PEO NEOs.
     
Peer Group Issuers, Footnote The peer group for each listed fiscal year consists of the companies listed in the Philadelphia Semiconductor Index TSR effective as of December 31, 2023.      
PEO Total Compensation Amount $ 13,405,690 $ 12,071,147 $ 10,498,881 $ 10,185,801
PEO Actually Paid Compensation Amount $ 32,727,950 (14,955,812) 28,998,082 30,833,487
Adjustment To PEO Compensation, Footnote PEO - Compensation Actually Paid
The amounts in the following table represent each of the amounts deducted and added to the equity award values for the PEO for the applicable year for purposes of computing the “compensation actually paid” amounts appearing in column (c) of the Pay Versus Performance table:
YearSummary Compensation Table Total for PEO ($)Value of Summary Compensation Table Stock Awards and Option Awards ($)Year-End Fair Value of
Equity Awards Granted
During Applicable Year that Remain Unvested as of Year-End ($)
Change in Fair Value as of Year-End of Any Prior Year Awards that Remain
Unvested as of
Year-End ($)
Change in Fair Value as of the Vesting Date of Any
Prior Year Awards that
Vested During
Applicable Year ($)
Compensation
Actually Paid ($)
202313,405,690(11,132,369)18,504,5018,861,4193,088,70932,727,950
202212,071,147(9,472,554)3,338,027(19,164,110)(1,728,323)(14,955,812)
202110,498,881(7,513,579)12,131,90312,448,5781,432,29928,998,082
202010,185,801(7,615,713)14,455,226(2,147,538)15,955,71030,833,487
     
Non-PEO NEO Average Total Compensation Amount $ 2,925,224 4,032,331 2,531,346 2,032,973
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,304,294 (1,180,462) 6,304,090 6,664,122
Adjustment to Non-PEO NEO Compensation Footnote Average non-PEO NEO Compensation Actually Paid
The amounts in the following table represent each of the amounts deducted and added to the equity award values for the non-PEO NEOs for the applicable year for purposes of computing the “compensation actually paid” amounts appearing in column (e) of the Pay Versus Performance table:
YearAverage Summary Compensation Table Total for Non-PEO Named Executive Officers ($)Average Value of Summary Compensation Table Stock Awards and Option Awards ($)Average Year-End Fair Value of Equity Awards Granted During Applicable Year that Remain Unvested as of Year-End ($)Average Change in Fair Value as of Year-End of Any Prior Year Awards that Remain Unvested as of Year-End ($)Average Change in Fair Value as of the Vesting Date of Any Prior Year Awards that Vested During Applicable Year ($)Average Compensation Actually Paid to Non-PEO Named Executive Officers ($)
20232,925,224(2,073,091)2,621,341737,90892,9124,304,294
20224,032,331(3,178,153)901,518(2,611,814)(324,344)(1,180,462)
20212,531,346(1,428,038)2,305,8952,487,675407,2126,304,090
20202,032,973(1,023,726)2,305,459(858,487)4,207,9036,664,122
     
Compensation Actually Paid vs. Total Shareholder Return
COMPENSATION ACTUALLY PAID VS. TSR (COMPANY TSR & PEER GROUP TSR)
03_426673-3_barcharts_payperformance_CAP vs TSR.jpg
     
Compensation Actually Paid vs. Net Income
COMPENSATION ACTUALLY PAID VS. NET INCOME
03_426673-3_barcharts_payperformance_CAP vs net income.jpg
     
Compensation Actually Paid vs. Company Selected Measure
COMPENSATION ACTUALLY PAID VS. ADJUSTED EBITDA AS A PERCENTAGE OF NET SALES
03_426673-3_barcharts_payperformance_CAP vs EBITDA.jpg
     
Total Shareholder Return Vs Peer Group
The following graphic compares the cumulative total stockholder return (“TSR”) on our common stock from December 31, 2019 through December 31, 2023 with the cumulative total return of the Philadelphia Semiconductor Index, assuming $100 was invested at the close of trading December 31, 2019 in our common stock and the Philadelphia Semiconductor Index and that all dividends are reinvested.
03_426673-3_barcharts_payperformance_semiconductor.jpg
     
Total Shareholder Return Amount $ 243.04 132.44 278.79 192.83
Peer Group Total Shareholder Return Amount 238.72 142.94 219.50 153.66
Net Income (Loss) $ 180,700,000 $ 208,900,000 $ 409,100,000 $ 295,000,000.0
Company Selected Measure Amount 0.267 0.297 0.304 0.292
PEO Name Mr. Loy      
Additional 402(v) Disclosure The Summary Compensation Table totals reflected are as reported for the PEO and the average of the non-PEO NEOs for each of the years shown.      
Measure:: 1        
Pay vs Performance Disclosure        
Non-GAAP Measure Description The Company has identified adjusted EBITDA as a percentage of net sales as our company-selected measure, as it represents the most important financial performance measure used to link compensation actually paid to the PEO and the non-PEO NEOs in 2023 to the Company’s performance. See Appendix A for more information on the Company’s use of non-GAAP metrics, including GAAP to non-GAAP reconciliations.      
Measure:: 2        
Pay vs Performance Disclosure        
Name Relative TSR      
Measure:: 3        
Pay vs Performance Disclosure        
Name Revenue Growth in excess of our markets      
Measure:: 4        
Pay vs Performance Disclosure        
Name Adjusted EBITDA as a Percentage of Net Sales      
Measure:: 5        
Pay vs Performance Disclosure        
Name Inventory Velocity Improvement      
Measure:: 6        
Pay vs Performance Disclosure        
Name On-time Shipment Performance      
PEO | Equity Awards Granted During The Year, Grant Date [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards $ (11,132,369) $ (9,472,554) $ (7,513,579) $ (7,615,713)
PEO | Equity Awards Granted During The Year [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 18,504,501 3,338,027 12,131,903 14,455,226
PEO | Equity Awards Granted In Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 8,861,419 (19,164,110) 12,448,578 (2,147,538)
PEO | Equity Awards Granted In Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 3,088,709 (1,728,323) 1,432,299 15,955,710
PEO | Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 32,727,950 (14,955,812) 28,998,082 30,833,487
Non-PEO NEO | Equity Awards Granted During The Year, Grant Date [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards (2,073,091) (3,178,153) (1,428,038) (1,023,726)
Non-PEO NEO | Equity Awards Granted During The Year [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 2,621,341 901,518 2,305,895 2,305,459
Non-PEO NEO | Equity Awards Granted In Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 737,908 (2,611,814) 2,487,675 (858,487)
Non-PEO NEO | Equity Awards Granted In Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment To Compensation Amount, Equity Awards 92,912 (324,344) 407,212 4,207,903
Non-PEO NEO | Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 4,304,294 $ (1,180,462) $ 6,304,090 $ 6,664,122