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Segments and Major Customers
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segments and Major Customers
Segments and Major Customers
For the three months ended March 31, 2016, 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.”
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, 2016 and 2015, respectively.
 
For the Three Months Ended March 31, 2016
 
MID
 
CRD
 
Other
 
Total
 
(In thousands)
Revenues
$
53,545

 
$
14,101

 
$
5,036

 
$
72,682

Segment operating expenses
12,043

 
11,910

 
7,126

 
31,079

Segment operating income (loss)
$
41,502

 
$
2,191

 
$
(2,090
)
 
$
41,603

Reconciling items
 

 
 
 
 

 
(32,309
)
Operating income
 

 
 
 
 

 
$
9,294

Interest and other income (expense), net
 

 
 
 
 

 
(2,899
)
Income before income taxes
 

 
 
 
 

 
$
6,395

 
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

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, 2016 and December 31, 2015, respectively, was as follows:
 
 
As of
Customer 
 
March 31, 2016
 
December 31, 2015
Customer 1 (Other segment)
 
24
%
 
27
%
Customer 2 (CRD reportable segment)
 
21
%
 
21
%
Customer 3 (MID reportable segment)
 
*

 
28
%
Customer 4 (MID reportable segment)
 
*

 
16
%
_________________________________________
*    Customer accounted for less than 10% of total accounts receivable in the period
Revenue from the Company’s major customers representing 10% or more of total revenue for the three months ended March 31, 2016 and 2015, respectively, was as follows:
 
 
Three Months Ended
 
 
March 31,
Customer 
 
2016
 
2015
Customer A (MID and CRD reportable segments)
 
21
%
 
21
%
Customer B (MID reportable segment)
 
22
%
 
16
%
Customer C (MID reportable segment)
 
13
%
 
13
%


Revenue from customers in the geographic regions based on the location of contracting parties was as follows:
 
 
Three Months Ended
 
 
March 31,
(In thousands)
 
2016
 
2015
South Korea
 
$
31,454

 
$
26,821

USA
 
25,265

 
27,707

Japan
 
4,987

 
8,491

Europe
 
3,793

 
5,175

Canada
 
214

 
196

Singapore
 
4,619

 
2,810

Asia-Other
 
2,350

 
1,714

Total
 
$
72,682

 
$
72,914