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SEGMENT REPORTING | 6 Months Ended
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Jun. 30, 2025
SEGMENT REPORTING |
SEGMENT REPORTING | 12. SEGMENT REPORTING: The Company is organized and operates as one operating and reportable segment; the design, development, manufacture and marketing of integrated circuits and related components for use primarily in high-voltage power conversion. This determination is based on the management approach which designates internal information regularly available to the Chief Operating Decision Maker (“CODM”) for making decisions and assessing performance as the source of determination of the Company’s reportable segments. The Company’s CODM, the Chief Executive Officer, reviews financial information presented on a consolidated basis for the purpose of making operating decisions and assessing financial performance. The CODM uses net income as the measure of profit or loss to allocate resources and assess performance. The CODM regularly reviews net income as reported on the Company’s consolidated statements of income. Financial forecasts and budget to actual results used by the CODM to assess performance and allocate resources, as well as those used for strategic decisions related to headcount and capital expenditures are also reviewed on a consolidated basis. The CODM considers the impact on net income of the significant segment expenses in the table below when deciding whether to reinvest profits, propose dividends or share repurchase, or pursue strategic mergers and acquisitions. The measure of segment assets is reported on the balance sheet as total assets. The CODM does not review segment assets at a level other than that presented in the Company’s consolidated balance sheets. The table below presents the Company’s consolidated operating results including significant segment expenses: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, |  | June 30,
(In thousands) | ​ | 2025 |  | 2024 | ​ | 2025 |  | 2024
NET REVENUES | ​ | $ | 115,852 | ​ | $ | 106,198 | ​ | $ | 221,381 | ​ | $ | 197,886
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Stock-based compensation (1) | ​ | ​ | 10,077 | ​ | ​ | 11,035 | ​ | ​ | 18,760 | ​ | ​ | 17,449
Amortization of acquisition-related intangible assets (2) | ​ | ​ | 146 | ​ | ​ | 258 | ​ | ​ | 293 | ​ | ​ | 740
Cost of revenues (excluding 1 & 2) | ​ | ​ | 51,160 | ​ | ​ | 48,700 | ​ | ​ | 97,650 | ​ | ​ | 91,780
Research and development (excluding 1) | ​ | ​ | 22,801 | ​ | ​ | 22,162 | ​ | ​ | 44,646 | ​ | ​ | 42,962
Sales and marketing (excluding 1) | ​ | ​ | 16,427 | ​ | ​ | 15,543 | ​ | ​ | 31,216 | ​ | ​ | 29,661
General and administrative (excluding 1) | ​ | ​ | 7,435 | ​ | ​ | 6,542 | ​ | ​ | 14,292 | ​ | ​ | 12,866
Other operating expenses | ​ | ​ | 9,151 | ​ | ​ | — | ​ | ​ | 9,151 | ​ | ​ | —
INCOME (LOSS) FROM OPERATIONS | ​ | ​ | (1,345) | ​ | ​ | 1,958 | ​ | ​ | 5,373 | ​ | ​ | 2,428
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
OTHER INCOME | ​ | ​ | 2,690 | ​ | ​ | 3,189 | ​ | ​ | 5,857 | ​ | ​ | 6,691
PROVISION (BENEFIT) FOR INCOME TAXES | ​ | ​ | (24) | ​ | ​ | 298 | ​ | ​ | 1,071 | ​ | ​ | 316
NET INCOME | ​ | $ | 1,369 | ​ | $ | 4,849 | ​ | $ | 10,159 | ​ | $ | 8,803
​ The table below presents other segment information:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
(In thousands) | ​ | 2025 |  | 2024 | ​ | 2025 |  | 2024
Depreciation | ​ | $ | 7,002 | ​ | $ | 8,391 | ​ | $ | 14,246 | ​ | $ | 17,106
Amortization of intangibles | ​ | $ | 208 | ​ | $ | 320 | ​ | $ | 415 | ​ | $ | 863
Interest income | ​ | $ | 3,035 | ​ | $ | 3,309 | ​ | $ | 6,395 | ​ | $ | 6,795
​

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- Definition The entire disclosure for reporting segments including data and tables. 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