XML 107 R45.htm IDEA: XBRL DOCUMENT
v3.20.1

Segment Information (Tables) | 12 Months Ended
--- | ---
Jan. 26, 2020
Segment Reporting [Abstract] |
Net sales by segment | Net sales by reportable segment were as follows:
| Fiscal Year Ended
(in thousands) | January 26, 2020 |  | January 27, 2019 |  | January 28, 2018
Semiconductor Products Group | $ | 547,512 |  |  | $ | 627,196 |  |  | $ | 587,847 |
Total | $ | 547,512 |  |  | $ | 627,196 |  |  | $ | 587,847 |
Income by segment and reconciliation to consolidated | 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):
| Fiscal Year Ended
(in thousands) | January 26, 2020 |  | January 27, 2019 |  | January 28, 2018
Semiconductor Products Group | $ | 124,911 |  |  | $ | 186,975 |  |  | $ | 160,810 |
Operating income by segment | 124,911 |  |  | 186,975 |  |  | 160,810 |
Items to reconcile segment operating income to consolidated income before taxes: |  |  |  |  |
Share-based compensation | 52,049 |  |  | 66,837 |  |  | 50,051 |
Intangible amortization | 16,546 |  |  | 26,649 |  |  | 27,867 |
Investment impairments | 1,211 |  |  | 30,000 |  |  | 4,250 |
Changes in the fair value of contingent earn-out obligations | (2,345 | ) |  | (9,419 | ) |  | 3,892 |
Restructuring and other reserves | 4,621 |  |  | 769 |  |  | 6,196 |
Litigation cost, net of recoveries | 1,340 |  |  | (6,137 | ) |  | 2,183 |
Transaction and integration related | 691 |  |  | 2,777 |  |  | 3,810 |
Amortization of fair value adjustments related to acquired property, plant and equipment | — |  |  | — |  |  | 190 |
Interest expense | 9,106 |  |  | 9,202 |  |  | 7,963 |
Non-operating income, net | (2,893 | ) |  | (3,823 | ) |  | (3,348 | )
Income before taxes and equity in net gains (losses) of equity method investments | $ | 44,585 |  |  | $ | 70,120 |  |  | $ | 57,756 |
Net sales by product line | The table below provides net sales activity by product line on a comparative basis:
| Fiscal Year Ended
(in thousands, except percentages) | January 26, 2020 |  | January 27, 2019 |  | January 28, 2018
Signal Integrity | $ | 222,846 |  |  | 40 | % |  | $ | 276,040 |  |  | 44 | % |  | $ | 263,015 |  |  | 45 | %
Wireless and Sensing | 167,454 |  |  | 31 | % |  | 190,589 |  |  | 30 | % |  | 164,569 |  |  | 28 | %
Protection | 157,212 |  |  | 29 | % |  | 182,068 |  |  | 29 | % |  | 176,482 |  |  | 30 | %
Other: Warrant Shares (1) | — |  |  | — | % |  | (21,501 | ) |  | (3 | )% |  | (16,219 | ) |  | (3 | )%
Total net sales | $ | 547,512 |  |  | 100 | % |  | $ | 627,196 |  |  | 100 | % |  | $ | 587,847 |  |  | 100 | %
(1) For fiscal years 2019 and 2018, the net sales offset reflects the cost associated with the Warrant (see Note 11 for discussion regarding Share-Based Compensation).
Schedule Of Revenue From External Customers By Sales Channel | Information by Sales Channel
| Fiscal Year Ended
(in thousands) | January 26, 2020 |  | January 27, 2019 |  | January 28, 2018
Distributor | $ | 392,582 |  |  | $ | 442,518 |  |  | $ | 390,618 |
Direct | 154,930 |  |  | 206,179 |  |  | 213,448 |
Other: Warrant Shares | — |  |  | (21,501 | ) |  | (16,219 | )
Total net sales | $ | 547,512 |  |  | $ | 627,196 |  |  | $ | 587,847 |
Net sales by geographic region | Net sales activity by geographic region was as follows:
| Fiscal Year Ended
(in thousands, except percentages) | January 26, 2020 |  | January 27, 2019 |  | January 28, 2018
Asia-Pacific | $ | 421,584 |  |  | 77 | % |  | $ | 480,680 |  |  | 76 | % |  | $ | 439,342 |  |  | 75 | %
North America | 76,652 |  |  | 14 | % |  | 118,664 |  |  | 19 | % |  | 121,144 |  |  | 21 | %
Europe | 49,276 |  |  | 9 | % |  | 49,353 |  |  | 8 | % |  | 43,580 |  |  | 7 | %
Other: Warrant Shares | — |  |  | — | % |  | (21,501 | ) |  | (3 | )% |  | (16,219 | ) |  | (3 | )%
Total net sales | $ | 547,512 |  |  | 100 | % |  | $ | 627,196 |  |  | 100 | % |  | $ | 587,847 |  |  | 100 | %
Sales activity to countries representing greater than 10% of total sales | The table below summarizes sales activity to countries that represented greater than 10% of total sales for at least one of the periods presented:
| Fiscal Year Ended
(percentage of total net sales) | January 26, 2020 |  | January 27, 2019 |  | January 28, 2018
China (including Hong Kong) | 53 | % |  | 55 | % |  | 51 | %
United States | 9 | % |  | 11 | % |  | 9 | %
Total net sales | 62 | % |  | 66 | % |  | 60 | %
Significant Customers | The following significant customers accounted for at least 10% of net sales in one or more of the periods indicated:
| Fiscal Year Ended
(percentage of net sales) | January 26, 2020 |  | January 27, 2019 |  | January 28, 2018
Trend-tek Technology Ltd. (and affiliates) | 13 | % |  | 14 | % |  | 10 | %
Frontek Technology Corporation (and affiliates) | 11 | % |  | 11 | % |  | 7 | %
Arrow Electronics (and affiliates) | 9 | % |  | 10 | % |  | 11 | %
Samsung Electronics (and affiliates) | 4 | % |  | 8 | % |  | 8 | %
Premier Technical Sales Korea, Inc. (and affiliates) (1) | 7 | % |  | 4 | % |  | 6 | %
(1) Premier is a distributor with a concentration of sales to Samsung. The above percentages represent the Company's estimate of the sales activity related to Samsung that is passing through this distributor. The following table shows the customers that have an outstanding receivable balance that represents at least 10% of total net receivables as of the dates indicated:
| Balance as of
(percentage of net receivables) | January 26, 2020 |  | January 27, 2019
Trend-tek Technology Ltd. (and affiliates) | 13 | % |  | 11 | %
Frontek Technology Corporation (and affiliates) | 11 | % |  | 10 | %
CEAC International Limited | 11 | % |  | 7 | %
Long-lived assets by location | The following table summarizes the Company's long-lived assets, which consist of property, plant and equipment, net of accumulated depreciation, classified by location:
| Fiscal Year Ended
(in thousands) | January 26, 2020 |  | January 27, 2019
United States | $ | 54,357 |  |  | $ | 46,285 |
Rest of North America | 32,559 |  |  | 34,493 |
Asia and all others | 26,133 |  |  | 28,871 |
Europe | 11,369 |  |  | 8,839 |
Total | $ | 124,418 |  |  | $ | 118,488 |

X
- Definition Schedule of Revenue from External Customers by Sales Channel [Table Text Block] + References No definition available. + Details
Name: | smtc_ScheduleofRevenuefromExternalCustomersbySalesChannelTableTextBlock
Namespace Prefix: | smtc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition [Table Text Block] for Summary Of Sales Activity To Countries That Represented Greater Than 10% Of Total Net Sales [Table] + References No definition available. + Details
Name: | smtc_SummaryOfSalesActivityToCountriesThatRepresentedGreaterThan10OfTotalNetSalesTableTextBlock
Namespace Prefix: | smtc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13537-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13531-108611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6327-108592 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6442-108592 + Details
Name: | us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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