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Segments and Major Customers | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Segments and Major Customers | Segments and Major Customers For the three and six months ended June 30, 2018, MID and RSD 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, 2018 and 2017, respectively.
| For the Three Months Ended June 30, 2018 |  | For the Six Months Ended June 30, 2018
| MID |  | RSD |  | Other |  | Total |  | MID |  | RSD |  | Other |  | Total
| (In thousands) |  | (In thousands)
Revenues | $ | 34,976 |  |  | $ | 21,482 |  |  | $ | — |  |  | $ | 56,458 |  |  | $ | 68,965 |  |  | $ | 31,478 |  |  | $ | 2,441 |  |  | $ | 102,884 |
Segment operating expenses | 22,597 |  |  | 14,893 |  |  | 3,209 |  |  | 40,699 |  |  | 45,546 |  |  | 27,678 |  |  | 8,840 |  |  | 82,064 |
Segment operating income (loss) | $ | 12,379 |  |  | $ | 6,589 |  |  | $ | (3,209 | ) |  | $ | 15,759 |  |  | $ | 23,419 |  |  | $ | 3,800 |  |  | $ | (6,399 | ) |  | $ | 20,820 |
Reconciling items |  |  |  |  |  |  |  |  | (35,746 | ) |  |  |  |  |  |  |  |  |  | (84,420 | )
Operating loss |  |  |  |  |  |  |  |  | $ | (19,987 | ) |  |  |  |  |  |  |  |  |  | $ | (63,600 | )
Interest and other income (expense), net |  |  |  |  |  |  |  |  | 3,615 |  |  |  |  |  |  |  |  |  |  | 8,310 |
Loss before income taxes |  |  |  |  |  |  |  |  | $ | (16,372 | ) |  |  |  |  |  |  |  |  |  | $ | (55,290 | )
| For the Three Months Ended June 30, 2017 |  | For the Six Months Ended June 30, 2017
| MID |  | RSD |  | Other |  | Total |  | MID |  | RSD |  | Other |  | Total
| (In thousands) |  | (In thousands)
Revenues | $ | 67,402 |  |  | $ | 23,366 |  |  | $ | 3,952 |  |  | $ | 94,720 |  |  | $ | 137,997 |  |  | $ | 46,571 |  |  | $ | 7,503 |  |  | $ | 192,071 |
Segment operating expenses | 23,801 |  |  | 12,214 |  |  | 8,654 |  |  | 44,669 |  |  | 44,056 |  |  | 24,613 |  |  | 17,389 |  |  | 86,058 |
Segment operating income (loss) | $ | 43,601 |  |  | $ | 11,152 |  |  | $ | (4,702 | ) |  | $ | 50,051 |  |  | $ | 93,941 |  |  | $ | 21,958 |  |  | $ | (9,886 | ) |  | $ | 106,013 |
Reconciling items |  |  |  |  |  |  |  |  | (41,807 | ) |  |  |  |  |  |  |  |  |  | (84,335 | )
Operating income |  |  |  |  |  |  |  |  | $ | 8,244 |  |  |  |  |  |  |  |  |  |  | $ | 21,678 |
Interest and other income (expense), net |  |  |  |  |  |  |  |  | (3,132 | ) |  |  |  |  |  |  |  |  |  | (6,184 | )
Income before income taxes |  |  |  |  |  |  |  |  | $ | 5,112 |  |  |  |  |  |  |  |  |  |  | $ | 15,494 |
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, 2018 and December 31, 2017, respectively, was as follows:
|  | As of
Customer |  | June 30, 2018 |  | December 31, 2017
Customer 1 (MID reportable segment) |  | 25 | % |  | * |
Customer 2 (RSD reportable segment) |  | * |  |  | 11 | %
Customer 3 (Other segment) |  | * |  |  | 12 | %
Customer 4 (MID and RSD reportable segment) |  | * |  |  | 13 | %
Customer 5 (MID and RSD reportable segment) |  | 12 | % |  | * |
_________________________________________ * 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, 2018 and 2017, respectively, was as follows:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
Customer |  | 2018 |  | 2017 |  | 2018 |  | 2017
Customer A (MID and RSD reportable segments) |  | * |  |  | 17 | % |  | * |  |  | 17 | %
Customer B (MID reportable segment) |  | * |  |  | 13 | % |  | * |  |  | 13 | %
Customer C (MID reportable segment) |  | * |  |  | 14 | % |  | * |  |  | 14 | %
Customer D (MID reportable segment) |  | * |  |  | * |  |  | 15 | % |  | * |
Customer E (MID and RSD reportable segments) |  | 28 | % |  | * |  |  | 16 | % |  | * |
Customer F (MID and RSD reportable segments) |  | 15 | % |  | * |  |  | * |  |  | * |
Customer G (MID reportable segment) |  | 11 | % |  | * |  |  | * |  |  | * |
_________________________________________ * Customer accounted for less than 10% of total revenue in the period 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) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Taiwan |  | $ | 348 |  |  | $ | 1,787 |  |  | $ | 16,458 |  |  | $ | 6,018 |
South Korea |  | 1,666 |  |  | 28,291 |  |  | 10,267 |  |  | 57,260 |
USA |  | 29,864 |  |  | 41,155 |  |  | 41,085 |  |  | 79,593 |
Japan |  | 12,278 |  |  | 7,057 |  |  | 16,312 |  |  | 13,575 |
Europe |  | 3,605 |  |  | 4,243 |  |  | 7,471 |  |  | 8,681 |
Canada |  | 1,885 |  |  | 1,352 |  |  | 3,295 |  |  | 2,420 |
Singapore |  | 6,058 |  |  | 4,889 |  |  | 6,150 |  |  | 12,636 |
Asia-Other |  | 754 |  |  | 5,946 |  |  | 1,846 |  |  | 11,888 |
Total |  | $ | 56,458 |  |  | $ | 94,720 |  |  | $ | 102,884 |  |  | $ | 192,071 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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