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v3.19.2

Segment Information (Tables) | 6 Months Ended
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Jul. 28, 2019
Segment Reporting [Abstract] |
Net Sales by Segment | Net sales by segment were as follows:
| Three Months Ended |  | Six Months Ended
(in thousands) | July 28, 2019 |  | July 29, 2018 |  | July 28, 2019 |  | July 29, 2018
Semiconductor Products Group | $ | 137,146 |  |  | $ | 163,211 |  |  | $ | 268,500 |  |  | $ | 293,640 |
Total | $ | 137,146 |  |  | $ | 163,211 |  |  | $ | 268,500 |  |  | $ | 293,640 |
Income by Segment and Reconciliation to Consolidated Operating Income | The following table presents a reconciliation of operating income by segment to consolidated income before taxes. Historical amounts have been adjusted to conform to the current presentation:
| Three Months Ended |  | Six Months Ended
(in thousands) | July 28, 2019 |  | July 29, 2018 |  | July 28, 2019 |  | July 29, 2018
Semiconductor Products Group | $ | 31,505 |  |  | $ | 47,110 |  |  | $ | 60,133 |  |  | $ | 87,922 |
Operating income by segment | 31,505 |  |  | 47,110 |  |  | 60,133 |  |  | 87,922 |
Items to reconcile segment operating income to consolidated income before taxes: |  |  |  |  |  |  |
Share-based compensation | 8,646 |  |  | 13,966 |  |  | 19,974 |  |  | 49,481 |
Intangible amortization | 3,908 |  |  | 6,480 |  |  | 9,051 |  |  | 13,441 |
Changes in the fair value of contingent earn-out obligations | — |  |  | (900 | ) |  | (2,161 | ) |  | (900 | )
Restructuring and other reserves | 2,571 |  |  | 85 |  |  | 2,711 |  |  | 431 |
Litigation cost, net of recoveries | 799 |  |  | (5,857 | ) |  | 725 |  |  | (5,297 | )
Transaction and integration related | 33 |  |  | 400 |  |  | 1,468 |  |  | 927 |
Interest expense | 2,597 |  |  | 2,200 |  |  | 5,064 |  |  | 4,390 |
Non-operating expense, net | (1,213 | ) |  | (542 | ) |  | (2,256 | ) |  | (732 | )
Income before taxes | $ | 14,164 |  |  | $ | 31,278 |  |  | $ | 25,557 |  |  | $ | 26,181 |
Net Sales Activity By Product Line | The table below provides net sales activity by product line on a comparative basis:
| Three Months Ended |  | Six Months Ended
(in thousands, except percentages) | July 28, 2019 |  | July 29, 2018 |  | July 28, 2019 |  | July 29, 2018
Signal Integrity | $ | 55,094 |  |  | 40 | % |  | $ | 68,802 |  |  | 42 | % |  | $ | 105,350 |  |  | 39 | % |  | $ | 134,401 |  |  | 45 | %
Wireless and Sensing | 41,696 |  |  | 30 | % |  | 48,410 |  |  | 30 | % |  | 83,903 |  |  | 31 | % |  | 93,949 |  |  | 32 | %
Protection | 40,356 |  |  | 30 | % |  | 45,999 |  |  | 28 | % |  | 79,247 |  |  | 30 | % |  | 86,791 |  |  | 30 | %
Other: Warrant Shares (1) | — |  |  | — | % |  | — |  |  | — | % |  | — |  |  | — | % |  | (21,501 | ) |  | (7 | )%
Total net sales | $ | 137,146 |  |  | 100 | % |  | $ | 163,211 |  |  | 100 | % |  | $ | 268,500 |  |  | 100 | % |  | $ | 293,640 |  |  | 100 | %
Schedule of Revenue from External Customers by Sales Channel |
| Three Months Ended |  | Six Months Ended
(in thousands) | July 28, 2019 |  | July 29, 2018 |  | July 28, 2019 |  | July 29, 2018
Distributor | $ | 99,138 |  |  | $ | 109,844 |  |  | $ | 180,280 |  |  | $ | 212,317 |
Direct | 38,008 |  |  | 53,367 |  |  | 88,220 |  |  | 102,824 |
Other: Warrant Shares | — |  |  | — |  |  | — |  |  | (21,501 | )
Total net sales | $ | 137,146 |  |  | $ | 163,211 |  |  | $ | 268,500 |  |  | $ | 293,640 |
Net Sales Activity By Geographic Region | Net sales activity by geographic region was as follows:
| Three Months Ended |  | Six Months Ended
| July 28, 2019 |  | July 29, 2018 |  | July 28, 2019 |  | July 29, 2018
Asia-Pacific | 74 | % |  | 75 | % |  | 76 | % |  | 72 | %
North America | 16 | % |  | 19 | % |  | 14 | % |  | 28 | %
Europe | 10 | % |  | 6 | % |  | 10 | % |  | 7 | %
Other: Warrant Shares | — | % |  | — | % |  | — | % |  | (7 | )%
| 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
Summary Of Sales Activity To Countries That Represented Greater Than 10% Of Total Net Sales | 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 |  | Six Months Ended
(percentage of total sales) | July 28, 2019 |  | July 29, 2018 |  | July 28, 2019 |  | July 29, 2018
China (including Hong Kong) | 52 | % |  | 56 | % |  | 52 | % |  | 53 | %
United States | 9 | % |  | 10 | % |  | 10 | % |  | 12 | %

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