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Segments and Major Customers
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segments and Major Customers
Segments and Major Customers
For the three and six months ended June 30, 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 and six months ended June 30, 2016 and 2015, respectively.
 
For the Three Months Ended June 30, 2016
 
For the Six Months Ended June 30, 2016
 
MID
 
CRD
 
Other
 
Total
 
MID
 
CRD
 
Other
 
Total
 
(In thousands)
 
(In thousands)
Revenues
$
54,467

 
$
16,407

 
$
5,627

 
$
76,501

 
$
108,012

 
$
30,508

 
$
10,663

 
$
149,183

Segment operating expenses
13,229

 
13,105

 
7,092

 
33,426

 
25,272

 
25,015

 
14,218

 
64,505

Segment operating income (loss)
$
41,238

 
$
3,302

 
$
(1,465
)
 
$
43,075

 
$
82,740

 
$
5,493

 
$
(3,555
)
 
$
84,678

Reconciling items
 

 
 
 
 

 
(31,067
)
 
 

 
 
 
 

 
(63,376
)
Operating income
 

 
 
 
 

 
$
12,008

 
 

 
 
 
 

 
$
21,302

Interest and other income (expense), net
 

 
 
 
 

 
(2,025
)
 
 

 
 
 
 

 
(4,924
)
Income before income taxes
 

 
 
 
 

 
$
9,983

 
 

 
 
 
 

 
$
16,378

 
For the Three Months Ended June 30, 2015
 
For the Six Months Ended June 30, 2015
 
MID
 
CRD
 
Other
 
Total
 
MID
 
CRD
 
Other
 
Total
 
(In thousands)
 
(In thousands)
Revenues
$
54,579

 
$
11,778

 
$
6,455

 
$
72,812

 
$
109,313

 
$
24,604

 
$
11,809

 
$
145,726

Segment operating expenses
12,801

 
7,329

 
8,770

 
28,900

 
24,321

 
14,665

 
16,029

 
55,015

Segment operating income (loss)
$
41,778

 
$
4,449

 
$
(2,315
)
 
$
43,912

 
$
84,992

 
$
9,939

 
$
(4,220
)
 
$
90,711

Reconciling items
 

 
 
 
 

 
(28,358
)
 
 

 
 
 
 

 
(57,265
)
Operating income
 

 
 
 
 

 
$
15,554

 
 

 
 
 
 

 
$
33,446

Interest and other income (expense), net
 

 
 
 
 

 
(2,888
)
 
 

 
 
 
 

 
(5,839
)
Income before income taxes
 

 
 
 
 

 
$
12,666

 
 

 
 
 
 

 
$
27,607

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 June 30, 2016 and December 31, 2015, respectively, was as follows:
 
 
As of
Customer 
 
June 30, 2016
 
December 31, 2015
Customer 1 (Other segment)
 
31
%
 
27
%
Customer 2 (CRD reportable segment)
 
*

 
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 and six months ended June 30, 2016 and 2015, respectively, was as follows:
 
 
Three Months Ended
Six Months Ended
 
 
June 30,
June 30,
Customer 
 
2016
 
2015
2016
 
2015
Customer A (MID and CRD reportable segments)
 
20
%
 
21
%
21
%
 
21
%
Customer B (MID reportable segment)
 
21
%
 
16
%
21
%
 
16
%
Customer C (MID reportable segment)
 
13
%
 
13
%
13
%
 
13
%


Revenue from customers in the geographic regions based on the location of contracting parties was as follows:
 
 
Three Months Ended
Six Months Ended
 
 
June 30,
June 30,
(In thousands)
 
2016
 
2015
2016
 
2015
South Korea
 
$
31,632

 
$
26,821

$
63,086

 
$
53,642

USA
 
26,532

 
29,677

51,776

 
57,384

Japan
 
5,911

 
7,915

10,898

 
16,406

Europe
 
4,377

 
1,540

8,189

 
6,715

Canada
 
1,168

 
5

1,382

 
201

Singapore
 
4,526

 
5,010

9,145

 
7,820

Asia-Other
 
2,355

 
1,844

4,707

 
3,558

Total
 
$
76,501

 
$
72,812

$
149,183

 
$
145,726