XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.22.2.2

SIGNIFICANT CUSTOMERS AND GEOGRAPHIC NET REVENUES | 9 Months Ended
--- | ---
Sep. 30, 2022
Significant Customers and Geographic Net Revenues |
SIGNIFICANT CUSTOMERS AND GEOGRAPHIC NET REVENUES | 7. SIGNIFICANT CUSTOMERS AND GEOGRAPHIC NET REVENUES: Segment Reporting The Company is organized and operates as one reportable segment, the design, development, manufacture and marketing of integrated circuits and related components for use primarily in the high-voltage power-conversion market. The Company’s chief operating decision maker, the Chief Executive Officer, reviews financial information presented on a consolidated basis for purposes of making operating decisions and assessing financial performance. Customer Concentration The Company’s top ten customers accounted for approximately 72% and 75% of net revenues for the three and nine months ended September 30, 2022, respectively, and 76% and 79%, in the corresponding periods of 2021, respectively. A significant portion of these revenues are attributable to sales of the Company’s products to distributors of electronic components. These distributors sell the Company’s products to a broad, diverse range of end users, including original equipment manufacturers, or OEMs, and merchant power supply manufacturers. Sales to distributors were $103.6 million and $373.3 million in the three and nine months ended September 30, 2022, respectively, and $127.3 million and $397.9 million, in the corresponding periods of 2021, respectively. Direct sales to OEMs and power-supply manufacturers accounted for the remainder. The following customers represented 10% or more of the Company’s net revenues for the respective periods:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended |  | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
Customer | ​ | 2022 | ​ | 2021 | ​ | 2022 | ​ | 2021
Avnet |  | 28 | % | ​ | 27 | % |  | 30 | % | ​ | 29 | %
Honestar Technologies Co., Ltd. | ​ | * | ​ | ​ | 15 | % | ​ | 12 | % | ​ | 17 | %
Salcomp Group | ​ | 12 | % | ​ | * | ​ | ​ | * | ​ | ​ | * | ​
​ * Total customer revenue was less than 10% of net revenues. No other customers accounted for 10% or more of the Company’s net revenues in the periods presented. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash investments and trade receivables. The Company does not have any off-balance-sheet credit exposure related to its customers. As of September 30, 2022, and December 31, 2021, 78% and 86%, respectively, of accounts receivable were concentrated with the Company’s top ten customers. The following customer represented 10% or more of accounts receivable at September 30, 2022 and December 31, 2021:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
Customer |  | 2022 | ​ | 2021
Avnet | ​ | 32 | % | ​ | 45 | %
Salcomp Group | ​ | 13 | % | ​ | * | ​
* Total customer revenue was less than 10% of net revenues. No other customers accounted for 10% or more of the Company’s accounts receivable in the periods presented. Geographic Net Revenues The Company markets its products globally through its sales personnel and a worldwide network of independent sales representatives and distributors. Geographic net revenues, based on “bill to” customer locations, for the three and nine months ended September 30, 2022 and 2021, were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
(In thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
United States of America | ​ | $ | 8,387 | ​ | $ | 5,054 | ​ | $ | 22,862 | ​ | $ | 12,973
Hong Kong/China | ​ |  | 80,508 | ​ |  | 103,937 | ​ |  | 282,508 | ​ |  | 344,790
India | ​ | ​ | 9,660 | ​ |  | 6,353 | ​ |  | 22,765 | ​ |  | 17,551
Taiwan | ​ |  | 4,895 | ​ |  | 7,629 | ​ |  | 16,000 | ​ |  | 20,432
Korea | ​ |  | 10,071 | ​ |  | 17,508 | ​ |  | 47,298 | ​ |  | 43,702
Western Europe (excluding Germany) | ​ |  | 10,790 | ​ |  | 11,418 | ​ |  | 27,164 | ​ |  | 27,268
Japan | ​ |  | 9,777 | ​ |  | 6,959 | ​ |  | 27,986 | ​ |  | 16,758
Germany | ​ |  | 16,601 | ​ |  | 9,402 | ​ |  | 42,545 | ​ |  | 24,064
Other | ​ |  | 9,544 | ​ |  | 8,516 | ​ |  | 37,240 | ​ |  | 23,085
Total net revenues | ​ | $ | 160,233 | ​ | $ | 176,776 | ​ | $ | 526,368 | ​ | $ | 530,623
​

X
- Definition Concentration Risk and Revenue From Contract With Customer [Text Block] + References No definition available. + Details
Name: | powi_ConcentrationRiskAndRevenueFromContractWithCustomerTextBlock
Namespace Prefix: | powi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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