XML 22 R12.htm IDEA: XBRL DOCUMENT v3.23.3
Revenue from Contracts with Customers
 6 Months Ended
Sep. 29, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers

3. Revenue from Contracts with Customers

The following tables summarize net sales disaggregated by application, by product and by geography for the three- and six-month periods ended September 29, 2023 and September 23, 2022. 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 to which the products are shipped.

Net sales by application:

 

 

Three-Month Period Ended

 

 

Six-Month Period Ended

 

 

September 29,
2023

 

 

September 23,
2022

 

 

September 29,
2023

 

 

September 23,
2022

 

Automotive

 

$

205,936

 

 

$

157,398

 

 

$

395,634

 

 

$

307,047

 

Industrial

 

 

51,114

 

 

 

48,176

 

 

 

119,298

 

 

 

88,316

 

Other

 

 

18,459

 

 

 

32,092

 

 

 

38,870

 

 

 

60,056

 

Total net sales

 

$

275,509

 

 

$

237,666

 

 

$

553,802

 

 

$

455,419

 

 

Net sales by product:

 

 

Three-Month Period Ended

 

 

Six-Month Period Ended

 

 

September 29,
2023

 

 

September 23,
2022

 

 

September 29,
2023

 

 

September 23,
2022

 

Power integrated circuits

 

$

99,737

 

 

$

97,327

 

 

$

203,725

 

 

$

177,987

 

Magnetic sensors

 

 

175,772

 

 

 

140,339

 

 

 

350,077

 

 

 

277,432

 

Total net sales

 

$

275,509

 

 

$

237,666

 

 

$

553,802

 

 

$

455,419

 

 

Net sales by geography:

 

 

Three-Month Period Ended

 

 

Six-Month Period Ended

 

 

September 29,
2023

 

 

September 23,
2022

 

 

September 29,
2023

 

 

September 23,
2022

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

47,724

 

 

$

25,131

 

 

$

96,548

 

 

$

53,522

 

Other Americas

 

 

9,539

 

 

 

7,244

 

 

 

18,047

 

 

 

13,731

 

EMEA:

 

 

 

 

 

 

 

 

 

 

 

 

Europe

 

 

46,951

 

 

 

40,710

 

 

 

102,339

 

 

 

76,043

 

Asia:

 

 

 

 

 

 

 

 

 

 

 

 

Japan

 

 

47,275

 

 

 

45,026

 

 

 

88,855

 

 

 

86,735

 

Greater China

 

 

69,463

 

 

 

63,203

 

 

 

131,679

 

 

 

118,319

 

South Korea

 

 

29,054

 

 

 

20,931

 

 

 

58,567

 

 

 

41,910

 

Other Asia

 

 

25,503

 

 

 

35,421

 

 

 

57,767

 

 

 

65,159

 

Total net sales

 

$

275,509

 

 

$

237,666

 

 

$

553,802

 

 

$

455,419

 

 

The Company recognizes sales net of returns and sales allowances, which are comprised of credits issued, price protection adjustments and stock rotation rights. At September 29, 2023 and March 31, 2023, the liability associated with returns and sales allowances, inclusive of related party adjustments, was $37,288 and $30,571, respectively, and were netted against trade accounts receivable in the unaudited condensed consolidated balance sheets.

Unsatisfied performance obligations primarily represent contracts for products with future delivery dates. The Company elected not to disclose the amount of unsatisfied performance obligations as these contracts have original expected durations of less than one year.