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Operating Segments and Enterprise-Wide Information

3 Months Ended

Mar. 28, 2020

Segment Reporting [Abstract]

Operating Segments and Enterprise-Wide Information

Operating Segments and Enterprise-Wide Information

Our chief operating decision maker ("CODM") is our Chief Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire company. We operate in two reportable segments consisting of the Probe Cards segment and the Systems segment. The following table summarizes the operating results by reportable segment (dollars in thousands):

			Three Months Ended
			March 28, 2020																																										March 30, 2019
			Probe Cards						Systems						Corporate and Other						Total						Probe Cards						Systems						Corporate and Other						Total
Revenues			$	134,715					$	26,038					$	—					$	160,753					$	108,103					$	24,110					$	—					$	132,213
Gross profit			$	60,743					$	13,334					$	(6,687)					$	67,390					$	45,294					$	13,016					$	(5,789)					$	52,521
Gross margin			45.1		%				51.2		%				—		%				41.9		%				41.9		%				54.0		%				—		%				39.7		%

Operating results provide useful information to our management for assessment of our performance and results of operations. Certain components of our operating results are utilized to determine executive compensation along with other measures.

Corporate and Other includes unallocated expenses relating to amortization of intangible assets, share-based compensation, and restructuring charges, net, which are not used in evaluating the results of, or in allocating resources to, our reportable segments.

Certain revenue category information by reportable segment was as follows (in thousands):

			Three Months Ended
			March 28, 2020																														March 30, 2019
			Probe Cards						Systems						Total						Probe Cards						Systems						Total
Market:
Foundry & Logic			$	105,745					$	—					$	105,745					$	71,580					$	—					$	71,580
DRAM			24,696						—						24,696						28,886						—						28,886
Flash			4,274						—						4,274						7,637						—						7,637
Systems			—						26,038						26,038						—						24,110						24,110
Total			$	134,715					$	26,038					$	160,753					$	108,103					$	24,110					$	132,213
Timing of revenue recognition:
Products transferred at a point in time			$	134,069					$	24,858					$	158,927					$	107,491					$	23,142					$	130,633
Services transferred over time			646						1,180						1,826						612						968						1,580
Total			$	134,715					$	26,038					$	160,753					$	108,103					$	24,110					$	132,213
Geographical region:
China			$	37,280					$	6,362					$	43,642					$	18,151					$	3,692					$	21,843
United States			25,611						6,305						31,916						27,655						6,608						34,263
Taiwan			30,439						1,341						31,780						21,257						1,130						22,387
Europe			16,210						4,833						21,043						5,373						4,120						9,493
South Korea			13,692						396						14,088						25,018						1,705						26,723
Japan			5,535						2,835						8,370						5,300						5,132						10,432
Asia-Pacific1			4,455						3,408						7,863						2,790						473						3,263
Rest of the world			1,493						558						2,051						2,559						1,250						3,809
Total			$	134,715					$	26,038					$	160,753					$	108,103					$	24,110					$	132,213

¹ Asia-Pacific includes all countries in the region except China, Japan, South Korea, and Taiwan, which are disclosed separately.

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- References

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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