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Note 3 - Revenue From Contracts With Customers | 9 Months Ended
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Sep. 26, 2020
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | Note 3 - Revenue from Contracts with Customers Disaggregation of revenue The following tables provide information about revenue from contracts with customers disaggregated by major class of revenue, revenue by channel, and by geographical market, based on ship-to location of the end customer, where available, and ship-to location of distributor otherwise:
Major Class of Revenue |  | Three Months Ended |  |  | Nine Months Ended |
|  | September 26, |  |  | September 28, |  |  | September 26, |  |  | September 28, |
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Product |  | $ | 96,650 |  |  |  | 94 | % |  | $ | 97,477 |  |  |  | 94 | % |  | $ | 285,871 |  |  |  | 95 | % |  | $ | 287,185 |  |  |  | 95 | %
Licensing and services |  |  | 6,392 |  |  |  | 6 | % |  |  | 5,992 |  |  |  | 6 | % |  |  | 15,076 |  |  |  | 5 | % |  |  | 16,671 |  |  |  | 5 | %
Total revenue |  | $ | 103,042 |  |  |  | 100 | % |  | $ | 103,469 |  |  |  | 100 | % |  | $ | 300,947 |  |  |  | 100 | % |  | $ | 303,856 |  |  |  | 100 | %
Revenue by Channel |  | Three Months Ended |  |  | Nine Months Ended |
|  | September 26, |  |  | September 28, |  |  | September 26, |  |  | September 28, |
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Product revenue - Distributors |  | $ | 84,409 |  |  |  | 82 | % |  | $ | 84,135 |  |  |  | 81 | % |  | $ | 245,016 |  |  |  | 81 | % |  | $ | 248,234 |  |  |  | 82 | %
Product revenue - Direct |  |  | 12,241 |  |  |  | 12 | % |  |  | 13,342 |  |  |  | 13 | % |  |  | 40,855 |  |  |  | 14 | % |  |  | 38,951 |  |  |  | 13 | %
Licensing and services revenue |  |  | 6,392 |  |  |  | 6 | % |  |  | 5,992 |  |  |  | 6 | % |  |  | 15,076 |  |  |  | 5 | % |  |  | 16,671 |  |  |  | 5 | %
Total revenue |  | $ | 103,042 |  |  |  | 100 | % |  | $ | 103,469 |  |  |  | 100 | % |  | $ | 300,947 |  |  |  | 100 | % |  | $ | 303,856 |  |  |  | 100 | %
Revenue by Geographical Market |  | Three Months Ended |  |  | Nine Months Ended |
|  | September 26, |  |  | September 28, |  |  | September 26, |  |  | September 28, |
(In thousands) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
United States |  | $ | 10,455 |  |  |  | 10 | % |  | $ | 9,296 |  |  |  | 9 | % |  | $ | 33,634 |  |  |  | 11 | % |  | $ | 32,352 |  |  |  | 11 | %
Other Americas |  |  | 4,857 |  |  |  | 5 | % |  |  | 2,838 |  |  |  | 3 | % |  |  | 12,772 |  |  |  | 4 | % |  |  | 9,518 |  |  |  | 3 | %
Americas |  |  | 15,312 |  |  |  | 15 | % |  |  | 12,134 |  |  |  | 12 | % |  |  | 46,406 |  |  |  | 15 | % |  |  | 41,870 |  |  |  | 14 | %
China |  |  | 58,122 |  |  |  | 56 | % |  |  | 57,301 |  |  |  | 55 | % |  |  | 154,086 |  |  |  | 51 | % |  |  | 157,648 |  |  |  | 52 | %
Taiwan |  |  | 7,505 |  |  |  | 7 | % |  |  | 6,796 |  |  |  | 7 | % |  |  | 24,957 |  |  |  | 8 | % |  |  | 14,147 |  |  |  | 5 | %
Japan |  |  | 4,346 |  |  |  | 4 | % |  |  | 10,262 |  |  |  | 10 | % |  |  | 18,780 |  |  |  | 6 | % |  |  | 31,534 |  |  |  | 10 | %
Other Asia |  |  | 9,766 |  |  |  | 10 | % |  |  | 5,285 |  |  |  | 5 | % |  |  | 25,169 |  |  |  | 9 | % |  |  | 22,171 |  |  |  | 7 | %
Asia |  |  | 79,739 |  |  |  | 77 | % |  |  | 79,644 |  |  |  | 77 | % |  |  | 222,992 |  |  |  | 74 | % |  |  | 225,500 |  |  |  | 74 | %
Europe |  |  | 7,991 |  |  |  | 8 | % |  |  | 11,691 |  |  |  | 11 | % |  |  | 31,549 |  |  |  | 11 | % |  |  | 36,486 |  |  |  | 12 | %
Total revenue |  | $ | 103,042 |  |  |  | 100 | % |  | $ | 103,469 |  |  |  | 100 | % |  | $ | 300,947 |  |  |  | 100 | % |  | $ | 303,856 |  |  |  | 100 | %
Contract balances Our contract assets relate to our rights to consideration for licenses and royalties due to us as a member of the HDMI consortium, with collection dependent on events other than the passage of time, such as collection of licenses and royalties from customers by the HDMI licensing agent. The balance results primarily from the amount of estimated revenue related to HDMI that we have recognized to date, but which has not yet been collected by the agent. Contract assets are included in Prepaid expenses and other current assets on our Consolidated Balance Sheets. The following table summarizes activity during the first nine months of fiscal 2020:
(In thousands) |  |  |  |
Contract assets as of December 28, 2019 |  | $ | 5,569 |
Revenues recorded during the period |  |  | 11,660 |
Transferred to Accounts receivable or collected |  |  | (12,091 | )
Contract assets as of September 26, 2020 |  | $ | 5,138 |
Contract liabilities are included in Accounts payable and accrued expenses on our Consolidated Balance Sheets. The following table summarizes activity during the first nine months of fiscal 2020:
(In thousands) |  |  |  |
Contract liabilities as of December 28, 2019 |  | $ | 2,313 |
Accruals for estimated future stock rotation and scrap returns |  |  | 4,474 |
Less: Release of accruals for recognized stock rotation and scrap returns |  |  | (2,571 | )
Prepayment for performance obligations expected to be satisfied within three months |  |  | 336 |
Less: Revenue recognized on satisfaction of performance obligations |  |  | (179 | )
Contract liabilities as of September 26, 2020 |  | $ | 4,373 |
The impact to revenue from the release of accruals for recognized stock rotation and scrap returns was offset by the processing of return merchandise authorizations totaling approximately $3.0 million, yielding a net revenue reduction of approximately $0.4 million for the first nine months of 2020.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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