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Revenue from Contract with Customers
3 Months Ended
Jun. 25, 2021
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers The Company generates revenue from the sale of magnetic sensor integrated circuits (“ICs”) and application-specific analog power semiconductors. The following tables summarize net sales disaggregated by application, by product and by geography for the three months ended June 25, 2021 and June 26, 2020. The categorization of net sales by application is determined using various characteristics of the product and the application into which the Company’s product will be incorporated. The categorization of net sales by geography is determined based on the location the products are being shipped to.
Net sales by application:
Three-Month Period Ended
June 25,
2021
June 26,
2020
Automotive$133,523 $76,378 
Industrial30,309 20,406 
Other24,310 18,217 
Total net sales$188,142 $115,001 
Net sales by product:
Three-Month Period Ended
June 25,
2021
June 26,
2020
Power integrated circuits$66,672 $41,599 
Magnetic sensors120,642 73,402 
Photonics828 — 
Total net sales$188,142 $115,001 
Net sales by geography:
Three-Month Period Ended
June 25,
2021
June 26,
2020
Americas:
United States$26,841 $12,996 
Other Americas6,349 1,928 
EMEA:
Europe34,751 17,846 
Asia:
Japan35,453 23,620 
Greater China42,779 32,071 
South Korea21,933 13,612 
Other Asia20,036 12,928 
Total net sales$188,142 $115,001 
The Company recognizes sales net of returns, credits issued, price protection adjustments and stock rotation rights. At June 25, 2021 and March 26, 2021, these adjustments were $13,799 and $15,412, respectively, and were netted against trade accounts receivable in the unaudited consolidated balance sheets. These amounts represent activity of income and charges of $1,613 and $1,740, respectively, for the three months ended June 25, 2021 and June 26, 2020, respectively.
Unsatisfied performance obligations primarily represent contracts for products with future delivery dates. The Company elected to not disclose the amount of unsatisfied performance obligations as these contracts have original expected durations of less than one year.