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Revenue from Contracts with Customers
 12 Months Ended
Mar. 28, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers
4.
Revenue from Contracts with Customers

The following tables summarize net sales disaggregated by market, by product and by geography for the fiscal years ended March 28, 2025, March 29, 2024 and March 31, 2023. The categorization of net sales by market 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 market:

 

 

Fiscal Year Ended

 

 

March 28,
2025

 

 

March 29,
2024

 

 

March 31,
2023

 

Automotive

 

$

535,205

 

 

$

759,454

 

 

$

646,761

 

Industrial and other

 

 

189,801

 

 

 

289,913

 

 

 

326,892

 

Total net sales

 

$

725,006

 

 

$

1,049,367

 

 

$

973,653

 

 

Net sales by product:

 

 

Fiscal Year Ended

 

 

March 28,
2025

 

 

March 29,
2024

 

 

March 31,
2023

 

Magnetic sensors (“MS”)

 

$

474,557

 

 

$

649,869

 

 

$

598,579

 

Power integrated circuits (“PIC”)

 

 

250,449

 

 

 

399,498

 

 

 

375,074

 

Total net sales

 

$

725,006

 

 

$

1,049,367

 

 

$

973,653

 

 

Net sales by geography:

 

 

Fiscal Year Ended

 

 

March 28,
2025

 

 

March 29,
2024

 

 

March 31,
2023

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

92,458

 

 

$

149,283

 

 

$

131,150

 

Other Americas

 

 

24,851

 

 

 

32,119

 

 

 

28,014

 

EMEA:

 

 

 

 

 

 

 

 

 

Europe

 

 

106,726

 

 

 

176,628

 

 

 

169,368

 

Asia:

 

 

 

 

 

 

 

 

 

Greater China

 

 

183,033

 

 

 

274,851

 

 

 

253,906

 

Japan

 

 

153,842

 

 

 

175,713

 

 

 

160,763

 

South Korea

 

 

73,702

 

 

 

113,877

 

 

 

96,549

 

Other Asia

 

 

90,394

 

 

 

126,896

 

 

 

133,903

 

Total net sales

 

$

725,006

 

 

$

1,049,367

 

 

$

973,653

 

 

The Company recognizes sales net of returns and sales allowances, which comprises credits issued, price protection adjustments and stock rotation rights. As of March 28, 2025 and March 29, 2024, the liability associated with returns and sales allowances, was $33,855 and $44,797, respectively, and was netted against trade accounts receivable in the 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.