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Revenue from Contract with Customers
6 Months Ended
Sep. 24, 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- and six-month periods ended September 24, 2021 and September 25, 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 EndedSix-Month Period Ended
September 24,
2021
September 25,
2020
September 24,
2021
September 25,
2020
Automotive$126,031 $89,479 $259,554 $165,857 
Industrial36,321 21,650 66,630 42,056 
Other31,258 25,520 55,568 43,737 
Total net sales$193,610 $136,649 $381,752 $251,650 
Net sales by product:
Three-Month Period EndedSix-Month Period Ended
September 24,
2021
September 25,
2020
September 24,
2021
September 25,
2020
Power integrated circuits$65,523 $50,271 $132,195 $91,870 
Magnetic sensors127,621 86,097 248,263 159,499 
Photonics466 281 1,294 281 
Total net sales$193,610 $136,649 $381,752 $251,650 
Net sales by geography:
Three-Month Period EndedSix-Month Period Ended
September 24,
2021
September 25,
2020
September 24,
2021
September 25,
2020
Americas:
United States$27,785 $20,962 $54,626 $33,958 
Other Americas5,427 3,249 11,776 5,177 
EMEA:
Europe32,466 24,374 67,217 42,220 
Asia:
Japan37,165 22,511 72,618 46,131 
Greater China50,683 37,935 93,462 70,006 
South Korea19,746 12,515 41,679 26,127 
Other Asia20,338 15,103 40,374 28,031 
Total net sales$193,610 $136,649 $381,752 $251,650 
The Company recognizes sales net of returns, credits issued, price protection adjustments and stock rotation rights. At September 24, 2021 and March 26, 2021, these adjustments were $17,583 and $15,412, respectively, and were netted against trade accounts receivable in the unaudited consolidated balance sheets. These amounts represent charges of $2,171 and $1,864, respectively, for the six-month periods ended September 24, 2021 and September 25, 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.