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Segments and Major Customers
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segments and Major Customers
Segments and Major Customers
For the three months ended March 31, 2015, MID and CRD were reportable segments as each of them met the quantitative thresholds for disclosure as a reportable segment. The results of the remaining operating segments were shown under “Other.” Additionally, some employees moved departments in the fourth quarter of 2014 causing a change in the prior period reportable segment financial results. The presentation of the 2014 segment data has been updated accordingly to conform with the updated segment presentation.
The Company evaluates the performance of its segments based on segment operating income (loss), which is defined as revenue minus segment operating expenses. Segment operating expenses are comprised of direct operating expenses.
Segment operating expenses do not include sales, general and administrative expenses and the allocation of certain expenses managed at the corporate level, such as stock-based compensation, amortization, and certain bonus and acquisition costs. The “Reconciling Items” category includes these unallocated sales, general and administrative expenses as well as corporate level expenses.
The tables below present reported segment operating income (loss) for the three months ended March 31, 2015 and 2014, respectively.
 
For the Three Months Ended March 31, 2015
 
MID
 
CRD
 
Other
 
Total
 
(In thousands)
Revenues
$
54,733

 
$
12,826

 
$
5,355

 
$
72,914

Segment operating expenses
11,520

 
7,339

 
7,259

 
26,118

Segment operating income (loss)
$
43,213

 
$
5,487

 
$
(1,904
)
 
$
46,796

Reconciling items
 

 
 
 
 

 
(28,904
)
Operating income
 

 
 
 
 

 
$
17,892

Interest and other income (expense), net
 

 
 
 
 

 
(2,951
)
Income before income taxes
 

 
 
 
 

 
$
14,941

 
For the Three Months Ended March 31, 2014
 
MID
 
CRD
 
Other
 
Total
 
(In thousands)
Revenues
$
61,156

 
$
12,903

 
$
4,229

 
$
78,288

Segment operating expenses
9,281

 
6,531

 
8,653

 
24,465

Segment operating income (loss)
$
51,875

 
$
6,372

 
$
(4,424
)
 
$
53,823

Reconciling items
 

 
 
 
 

 
(30,634
)
Operating income
 

 
 
 
 

 
$
23,189

Interest and other income (expense), net
 

 
 
 
 

 
(9,913
)
Income before income taxes
 

 
 
 
 

 
$
13,276

The Company’s CODM does not review information regarding assets on an operating segment basis. Additionally, the Company does not record intersegment revenue or expense.
Accounts receivable from the Company's major customers representing 10% or more of total accounts receivable at March 31, 2015 and December 31, 2014, respectively, was as follows:
 
 
As of
Customer 
 
March 31, 2015
 
December 31, 2014
Customer 1 (MID reportable segment)
 
—%
 
33%
Customer 2 (Other segment)
 
67%
 
50%

Revenue from the Company’s major customers representing 10% or more of total revenue for the three months ended March 31, 2015 and 2014, respectively, was as follows:
 
 
Three Months Ended
 
 
March 31,
Customer 
 
2015
 
2014
Customer A (MID and CRD reportable segments)
 
21
%
 
19
%
Customer B (MID reportable segment)
 
16
%
 
15
%
Customer C (MID reportable segment)
 
13
%
 
12
%


Revenue from customers in the geographic regions based on the location of contracting parties was as follows:
 
 
Three Months Ended
 
 
March 31,
(In thousands)
 
2015
 
2014
South Korea
 
$
26,821

 
$
26,853

USA
 
27,707

 
28,674

Japan
 
8,491

 
9,255

Europe
 
5,175

 
8,563

Canada
 
196

 
1,824

Asia-Other
 
4,524

 
3,119

Total
 
$
72,914

 
$
78,288