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Segment Information
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Information

13. Segment Information

The Company has organized its business segments according to its key product lines. The Brick Business Unit segment (“BBU”) designs, develops, manufactures and markets the Company’s modular DC-DC converters and configurable products, and also includes the entities comprising Vicor Custom Power and the BBU operations of Vicor Japan Company, Ltd. (“VJCL”). The VI Chip segment includes VI Chip Corporation, which designs, develops, manufactures and markets many of the Company’s advanced power component products. The VI Chip segment also includes the VI Chip business conducted through VJCL. The Picor segment includes Picor Corporation, which designs, develops, manufactures and markets integrated circuits and related products for use in a variety of power management and power system applications. The Picor segment develops these products for use in the Company’s BBU and VI Chip modules, to be sold as complements to the Company’s BBU and VI Chip products, or for sale to third parties for separate (i.e., stand-alone) applications.

The Company’s chief operating decision maker evaluates performance and allocates resources based on segment revenues and segment operating income (loss). The operating income (loss) for each segment includes selling, general and administrative and research and development expenses directly attributable to the segment. Certain of the Company’s indirect overhead costs, which include corporate selling, general and administrative expenses, are allocated among the segments based upon an estimate of costs associated with each segment. Assets allocated to each segment are based upon specific identification of such assets, which include accounts receivable, inventories, fixed assets and certain other assets. The Corporate segment consists of those operations and assets shared by all segments. The costs of certain centralized executive and administrative functions are recorded in this segment, as are certain shared assets, most notably cash and cash equivalents, deferred tax assets, long-term investments, the Company’s facilities in Massachusetts, real estate and other assets. The Company’s accounting policies and method of presentation for segments are consistent with that used throughout the Condensed Consolidated Financial Statements.

The following table provides segment financial data for the three months ended September 30 (in thousands):

 

     BBU      VI Chip     Picor     Corporate     Eliminations
(1)		     Total  

2016:

              

Net revenues

    $ 38,518      $ 11,961     $ 5,320     $ —       $ (2,572 )    $ 53,227  

Income (loss) from operations

      3,734        (1,915 )      627       (173 )      —         2,273  

Total assets

      193,115        21,453       6,928       72,521       (138,979 )      155,038  

Depreciation and amortization

      1,025        531       142       375       —         2,073  

2015:

              

Net revenues

    $ 41,119      $ 6,023     $ 2,791     $ —       $ (1,269 )    $ 48,664  

Income (loss) from operations

      5,612        (6,564 )      (1,169 )      (97 )      —         (2,218 ) 

Total assets

      163,801        15,372       4,796       88,142       (108,836 )      163,275  

Depreciation and amortization

      1,119        633       123       356       —         2,231  

The following table provides segment financial data for the nine months ended September 30 (in thousands):

 

     BBU      VI Chip     Picor     Corporate     Eliminations
(1)		     Total  

2016:

              

Net revenues

    $ 115,963      $ 30,126     $ 12,596     $ —       $ (6,490 )    $ 152,195  

Income (loss) from operations

      9,475        (12,131 )      (510 )      (591 )      —         (3,757 ) 

Total assets

      193,115        21,453       6,928       72,521       (138,979 )      155,038  

Depreciation and amortization

      3,293        1,660       404       1,027       —         6,384  

2015:

              

Net revenues

    $ 131,396      $ 28,939     $ 13,870     $ —       $ (5,405 )    $ 168,800  

Income (loss) from operations

      17,618        (15,336 )      474       (571 )      —         2,185  

Total assets

      163,801        15,372       4,796       88,142       (108,836 )      163,275  

Depreciation and amortization

      3,424        2,150       318       1,062       —         6,954  

 

(1) The elimination for net revenues is principally related to inter-segment sales by Picor to BBU and VI Chip and for inter-segment sales by VI Chip to BBU. The elimination for total assets is principally related to inter-segment accounts receivable due to BBU for the funding of VI Chip and Picor operations.