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Segment Information (Tables) | 3 Months Ended
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May 02, 2021
Segment Reporting [Abstract] |
Net Sales by Segment | Net sales by segment were as follows:
| Three Months Ended |  |
(in thousands) | May 2, 2021 |  | April 26, 2020 |  |  |  |
Semiconductor Products Group | $ | 170,372 |  |  | $ | 132,702 |  |  |  |  |
Total | $ | 170,372 |  |  | $ | 132,702 |  |  |  |  |
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 |  |
(in thousands) | May 2, 2021 |  | April 26, 2020 |  |  |  |
Semiconductor Products Group | $ | 41,469 |  |  | $ | 28,098 |  |  |  |  |
Operating income by segment | 41,469 |  |  | 28,098 |  |  |  |  |
Items to reconcile segment operating income to consolidated income before taxes: |  |  |  |  |  |  |
Share-based compensation | 11,839 |  |  | 9,379 |  |  |  |  |
Intangible amortization | 1,298 |  |  | 2,840 |  |  |  |  |
Investment impairments and credit loss reserves | 246 |  |  | 3,630 |  |  |  |  |
Changes in the fair value of contingent earn-out obligations | — |  |  | (33) |  |  |  |  |
Litigation cost, net of recoveries | 540 |  |  | 146 |  |  |  |  |
Transaction and integration related | (177) |  |  | (2) |  |  |  |  |
Interest expense | 1,199 |  |  | 1,559 |  |  |  |  |
Non-operating income, net | (94) |  |  | (423) |  |  |  |  |
Income before taxes and equity in net gains of equity method investments | $ | 26,618 |  |  | $ | 11,002 |  |  |  |  |
Net Sales Activity By Product Line | The table below provides net sales activity by product line on a comparative basis:
| Three Months Ended |  |
(in thousands, except percentages) | May 2, 2021 |  | April 26, 2020 |  |  |  |
Signal Integrity | $ | 66,695 |  |  | 39 | % |  | $ | 59,929 |  |  | 45 | % |  |  |  |  |  |  |  |
Wireless and Sensing | 58,507 |  |  | 34 | % |  | 32,958 |  |  | 25 | % |  |  |  |  |  |  |  |
Protection | 45,170 |  |  | 27 | % |  | 39,815 |  |  | 30 | % |  |  |  |  |  |  |  |
Total net sales | $ | 170,372 |  |  | 100 | % |  | $ | 132,702 |  |  | 100 | % |  |  |  |  |  |  |  |
Schedule of Revenue from External Customers by Sales Channel |
(in thousands, except percentages) | Three Months Ended |  |
| May 2, 2021 |  | April 26, 2020 |  |  |  |
Distributor | $ | 146,400 |  |  | 86 | % |  | $ | 103,948 |  |  | 78 | % |  |  |  |  |  |  |  |
Direct | 23,972 |  |  | 14 | % |  | 28,754 |  |  | 22 | % |  |  |  |  |  |  |  |
Total net sales | $ | 170,372 |  |  | 100 | % |  | $ | 132,702 |  |  | 100 | % |  |  |  |  |  |  |  |
Net Sales Activity By Geographic Region | Net sales activity by geographic region was as follows:
| Three Months Ended |  |
(percentage of total net sales) | May 2, 2021 |  | April 26, 2020 |  |  |  |
Asia-Pacific | 78 | % |  | 80 | % |  |  |  |
North America | 13 | % |  | 12 | % |  |  |  |
Europe | 9 | % |  | 8 | % |  |  |  |
| 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 |  |
(percentage of total net sales) | May 2, 2021 |  | April 26, 2020 |  |  |  |
China (including Hong Kong) | 60 | % |  | 57 | % |  |  |  |
United States | 11 | % |  | 9 | % |  |  |  |

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