XML 32 R19.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segment Information | 9 Months Ended
--- | ---
Oct. 29, 2017
Segment Reporting [Abstract] |
Segment Information | Segment Information Segment Information The Company’s CEO functions as the CODM. The Company’s CODM makes operating decisions and assesses performance based on these operating segments. The four operating segments: Protection Products Group, Power and High-Reliability Products Group, Signal Integrity Products Group, and Wireless and Sensing Products Group, all have similar economic characteristics and have been aggregated into one reportable segment identified in the table below as the "Semiconductor Products Group". On August 5, 2016, the Company completed its divestiture of its Snowbush IP business, and the Company no longer has a Systems Innovation Group or an "All others" category, which previously existed as a separate operating segment. The Company’s assets are commingled among the various operating segments and the CODM does not use that information in making operating decisions or assessing performance. Therefore, the Company has not included asset information by segment below. Net sales by segment are as follows:
| Three Months Ended |  | Nine Months Ended
(in thousands) | October 29, 2017 |  | October 30, 2016 |  | October 29, 2017 |  | October 30, 2016
Semiconductor Products Group | $ | 150,304 |  |  | $ | 137,185 |  |  | $ | 447,233 |  |  | $ | 404,036 |
All others | — |  |  | — |  |  | — |  |  | 205 |
Total | $ | 150,304 |  |  | $ | 137,185 |  |  | $ | 447,233 |  |  | $ | 404,241 |
Income by segment and reconciliation to consolidated operating income:
| Three Months Ended |  | Nine Months Ended
(in thousands) | October 29, 2017 |  | October 30, 2016 |  | October 29, 2017 |  | October 30, 2016
Semiconductor Products Group | $ | 42,828 |  |  | $ | 33,013 |  |  | $ | 124,906 |  |  | $ | 92,973 |
All others | — |  |  | 25,214 |  |  | — |  |  | 22,738 |
Operating income by segment | 42,828 |  |  | 58,227 |  |  | 124,906 |  |  | 115,711 |
Items to reconcile segment operating income to consolidated income before taxes |  |  |  |  |  |  |
Share-based compensation | 15,356 |  |  | 9,395 |  |  | 44,166 |  |  | 21,198 |
Intangible amortization | 7,453 |  |  | 6,286 |  |  | 20,414 |  |  | 19,017 |
Changes in the fair value of contingent earn-out obligations | 188 |  |  | — |  |  | 188 |  |  | (162 | )
Other non-segment related expenses | 2,252 |  |  | 3,139 |  |  | 5,221 |  |  | 5,939 |
Amortization of fair value adjustments related to acquired property, plant and equipment | — |  |  | 308 |  |  | 190 |  |  | 925 |
Interest expense, net | 2,032 |  |  | 1,890 |  |  | 6,107 |  |  | 5,857 |
Non-operating expense, net | (1,267 | ) |  | 690 |  |  | (431 | ) |  | 871 |
Income before taxes | $ | 16,814 |  |  | $ | 36,519 |  |  | $ | 49,051 |  |  | $ | 62,066 |
Information by Product Line The Company operates exclusively in the semiconductor industry and primarily within the analog and mixed-signal sector. The table below provides net sales activity by product line on a comparative basis:
| Three Months Ended |  | Nine Months Ended
(in thousands, except percentages) | October 29, 2017 |  | October 30, 2016 |  | October 29, 2017 |  | October 30, 2016
Signal Integrity | $ | 63,921 |  |  | 42 | % |  | $ | 60,550 |  |  | 44 | % |  | $ | 198,645 |  |  | 43 | % |  | $ | 193,745 |  |  | 48 | %
Protection | 49,366 |  |  | 33 | % |  | 40,250 |  |  | 29 | % |  | 136,673 |  |  | 31 | % |  | 108,296 |  |  | 27 | %
Wireless and Sensing | 31,146 |  |  | 21 | % |  | 24,070 |  |  | 18 | % |  | 92,378 |  |  | 21 | % |  | 60,514 |  |  | 15 | %
Power and High-Reliability | 12,120 |  |  | 8 | % |  | 15,984 |  |  | 12 | % |  | 34,263 |  |  | 8 | % |  | 45,150 |  |  | 11 | %
Systems Innovation | — |  |  | — | % |  | — |  |  | — | % |  | — |  |  | — | % |  | 205 |  |  | — | %
Other: Warrant Shares | (6,249 | ) |  | (4 | )% |  | (3,669 | ) |  | (3 | )% |  | (14,726 | ) |  | (3 | )% |  | (3,669 | ) |  | (1 | )%
Total net sales | $ | 150,304 |  |  | 100 | % |  | $ | 137,185 |  |  | 100 | % |  | $ | 447,233 |  |  | 100 | % |  | $ | 404,241 |  |  | 100 | %
The cost of the Warrant granted is recognized as an offset to net sales over the respective performance period. Geographic Information The Company generates virtually all of its sales from its Semiconductor Products Group through sales of analog and mixed-signal devices. Net sales activity by geographic region is as follows:
| Three Months Ended |  | Nine Months Ended
| October 29, 2017 |  | October 30, 2016 |  | October 29, 2017 |  | October 30, 2016
Asia-Pacific | 75 | % |  | 80 | % |  | 74 | % |  | 79 | %
North America | 21 | % |  | 16 | % |  | 21 | % |  | 16 | %
Europe | 8 | % |  | 7 | % |  | 8 | % |  | 8 | %
Other: Warrant Shares | (4 | )% |  | (3 | )% |  | (3 | )% |  | (3 | )%
| 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
The Company attributes sales to a country based on the ship-to address. The table below summarizes sales activity to countries that represented greater than 10% of total net sales for at least one of the periods presented:
| Three Months Ended |  | Nine Months Ended
(percentage of total sales) | October 29, 2017 |  | October 30, 2016 |  | October 29, 2017 |  | October 30, 2016
China (including Hong Kong) | 50 | % |  | 46 | % |  | 50 | % |  | 45 | %
United States | 9 | % |  | 11 | % |  | 9 | % |  | 11 | %

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration