XML 19 R12.htm IDEA: XBRL DOCUMENT v3.24.4
Revenue from Contracts with Customers
 9 Months Ended
Dec. 27, 2024
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 market, by product and by geography for the three- and nine-month periods ended December 27, 2024 and December 29, 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:

 

 

Three-Month Period Ended

 

 

Nine-Month Period Ended

 

 

December 27,
2024

 

 

December 29,
2023

 

 

December 27,
2024

 

 

December 29,
2023

 

Automotive

 

$

130,066

 

 

$

194,764

 

 

$

403,143

 

 

$

577,515

 

Industrial and other

 

 

47,806

 

 

 

60,220

 

 

 

129,039

 

 

 

231,271

 

Total net sales

 

$

177,872

 

 

$

254,984

 

 

$

532,182

 

 

$

808,786

 

 

 

Net sales by product:

 

 

Three-Month Period Ended

 

 

Nine-Month Period Ended

 

 

December 27,
2024

 

 

December 29,
2023

 

 

December 27,
2024

 

 

December 29,
2023

 

Magnetic sensors

 

$

113,842

 

 

$

153,558

 

 

$

357,651

 

 

$

503,635

 

Power integrated circuits

 

 

64,030

 

 

 

101,426

 

 

 

174,531

 

 

 

305,151

 

Total net sales

 

$

177,872

 

 

$

254,984

 

 

$

532,182

 

 

$

808,786

 

 

 

Net sales by geography:

 

 

Three-Month Period Ended

 

 

Nine-Month Period Ended

 

 

December 27,
2024

 

 

December 29,
2023

 

 

December 27,
2024

 

 

December 29,
2023

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

19,229

 

 

$

28,481

 

 

$

69,235

 

 

$

125,029

 

Other Americas

 

 

5,899

 

 

 

7,718

 

 

 

17,549

 

 

 

25,765

 

EMEA:

 

 

 

 

 

 

 

 

 

 

 

 

Europe

 

 

27,296

 

 

 

36,870

 

 

 

81,482

 

 

 

139,209

 

Asia:

 

 

 

 

 

 

 

 

 

 

 

 

Greater China

 

 

50,378

 

 

 

77,331

 

 

 

131,233

 

 

 

209,010

 

Japan

 

 

36,812

 

 

 

42,250

 

 

 

115,171

 

 

 

131,105

 

South Korea

 

 

17,152

 

 

 

27,710

 

 

 

57,096

 

 

 

86,277

 

Other Asia

 

 

21,106

 

 

 

34,624

 

 

 

60,416

 

 

 

92,391

 

Total net sales

 

$

177,872

 

 

$

254,984

 

 

$

532,182

 

 

$

808,786

 

 

The Company recognizes sales net of returns and sales allowances, which comprises credits issued, price protection adjustments and stock rotation rights. At December 27, 2024 and March 29, 2024, the liabilities associated with returns and sales allowances were $48,578 and $44,797, respectively, and were netted against trade accounts receivable in the condensed consolidated balance sheets.