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Related Party Transactions | 9 Months Ended
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Sep. 26, 2020
Related Party Transactions [Abstract] |
Related Party Transactions | Related Party Transactions As a result of the Company’s acquisition of IXYS, the Company has equity ownership in various investments that are accounted for under the equity method. The following is a description of the investments and related party transactions. Powersem GmbH: The Company owns 45% of the outstanding equity of Powersem GmbH (“Powersem”), a module manufacturer based in Germany. EB-Tech Co., Ltd.: The Company owns approximately 19% of the outstanding equity of EB Tech Co., Ltd. (“EB Tech”), a company with expertise in radiation technology based in South Korea. Automated Technology (Phil), Inc.: The Company owns approximately 24% of the outstanding common shares of Automated Technology (Phil), Inc. (“ATEC”), a supplier located in the Philippines that provides assembly and test services. One member of the Company's Board of Directors serves on the Board of Directors of ATEC.
|  | For the Three Months Ended September 26, 2020 |  | For the Three Months Ended September 28, 2019
(in millions) |  | Powersem | EB Tech | ATEC |  | Powersem | EB Tech | ATEC
Sales to related party |  | $ | 0.4 |  | $ | — |  | $ | — |  |  | $ | 0.2 |  | $ | — |  | $ | — |
Purchase material/service from related party |  | 0.8 |  | — |  | 2.4 |  |  | 0.8 |  | 0.1 |  | 1.7 |
|  | For the Nine Months Ended September 26, 2020 |  | For the Nine Months Ended September 28, 2019
(in millions) |  | Powersem | EB Tech | ATEC |  | Powersem | EB Tech | ATEC
Sales to related party |  | $ | 1.1 |  | $ | — |  | $ | — |  |  | $ | 0.4 |  | $ | — |  | $ | — |
Purchase material/service from related party |  | 1.8 |  | — |  | 5.8 |  |  | 2.4 |  | 0.3 |  | 5.5 |
|  | September 26, 2020 |  | December 28, 2019
(in millions) |  | Powersem | EB Tech | ATEC |  | Powersem | EB Tech | ATEC
Accounts Receivable balance |  | $ | 0.1 |  | $ | — |  | $ | — |  |  | $ | — |  | $ | — |  | $ | — |
Accounts Payable balance |  | 0.1 |  | — |  | 0.1 |  |  | 0.2 |  | — |  | 0.1 |
Additionally, the Company has certain cost method investments in VTOOL Ltd. and Securepush Ltd. with a total book value of $0.5 million as of September 26, 2020 and one member of the Company’s Board of Directors is currently an investor and a director of VTOOL Ltd. and Securepush Ltd. On April 26, 2019, the Company sold its subsidiary Microwave Technology, LLC. (“MWT”) resulting in a loss on disposal of $2.6 million reflected in Other income, net in the Condensed Consolidated Statements of Net Income. The operations of MWT were included in the Electronics segment. One member of the Company’s Board of Directors is an owner of a company that purchased MWT.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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