XML 58 R43.htm IDEA: XBRL DOCUMENT
v3.20.4

Segment and Geographic Data (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Segment and Geographic Data [Abstract] |
Segment reporting information | The following tables set forth business segment information:
|  | MOSFETs |  |  | Diodes |  |  | Optoelectronic Components |  |  | Resistors |  |  | Inductors |  |  | Capacitors |  |  | Corporate / Other |  |  | Total |
Year ended December 31, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 501,380 |  |  | $ | 502,548 |  |  | $ | 236,616 |  |  | $ | 606,183 |  |  | $ | 293,629 |  |  | $ | 361,542 |  |  | $ | - |  |  | $ | 2,501,898 |
Gross Profit |  |  | 114,236 |  |  |  | 90,004 |  |  |  | 66,502 |  |  |  | 153,214 |  |  |  | 92,500 |  |  |  | 70,010 |  |  |  | (4,563 | ) |  | $ | 581,903 |
Segment Operating Income |  |  | 76,548 |  |  |  | 69,663 |  |  |  | 50,369 |  |  |  | 130,700 |  |  |  | 82,472 |  |  |  | 50,753 |  |  |  | (4,563 | ) |  | $ | 455,942 |
Depreciation expense |  |  | 30,835 |  |  |  | 39,380 |  |  |  | 16,003 |  |  |  | 32,531 |  |  |  | 13,821 |  |  |  | 17,349 |  |  |  | 8,198 |  |  | $ | 158,117 |
Capital expenditures |  |  | 18,621 |  |  |  | 31,960 |  |  |  | 12,873 |  |  |  | 21,298 |  |  |  | 20,730 |  |  |  | 11,198 |  |  |  | 6,919 |  |  | $ | 123,599 |
Total Assets as of December 31, 2020: |  | $ | 447,867 |  |  | $ | 704,606 |  |  | $ | 341,517 |  |  | $ | 693,251 |  |  | $ | 330,092 |  |  | $ | 438,906 |  |  | $ | 198,234 |  |  | $ | 3,154,473 |
Year ended December 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 509,145 |  |  | $ | 557,143 |  |  | $ | 222,986 |  |  | $ | 657,192 |  |  | $ | 298,642 |  |  | $ | 423,197 |  |  | $ | - |  |  | $ | 2,668,305 |
Gross Profit |  |  | 126,026 |  |  |  | 113,647 |  |  |  | 53,463 |  |  |  | 186,707 |  |  |  | 96,893 |  |  |  | 94,464 |  |  |  | - |  |  | $ | 671,200 |
Segment Operating Income |  |  | 88,994 |  |  |  | 94,130 |  |  |  | 37,145 |  |  |  | 162,969 |  |  |  | 86,395 |  |  |  | 74,063 |  |  |  | - |  |  | $ | 543,696 |
Depreciation expense |  |  | 32,614 |  |  |  | 38,930 |  |  |  | 16,803 |  |  |  | 28,909 |  |  |  | 13,316 |  |  |  | 17,253 |  |  |  | 8,160 |  |  | $ | 155,985 |
Capital expenditures |  |  | 35,131 |  |  |  | 38,242 |  |  |  | 12,448 |  |  |  | 34,395 |  |  |  | 17,836 |  |  |  | 9,916 |  |  |  | 8,673 |  |  | $ | 156,641 |
Total Assets as of December 31, 2019: |  | $ | 404,412 |  |  | $ | 755,945 |  |  | $ | 328,871 |  |  | $ | 653,195 |  |  | $ | 334,791 |  |  | $ | 449,823 |  |  | $ | 193,738 |  |  | $ | 3,120,775 |
Year ended December 31, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 547,643 |  |  | $ | 712,936 |  |  | $ | 289,727 |  |  | $ | 716,394 |  |  | $ | 301,892 |  |  | $ | 466,097 |  |  | $ | - |  |  | $ | 3,034,689 |
Gross Profit |  |  | 145,923 |  |  |  | 196,702 |  |  |  | 100,219 |  |  |  | 238,356 |  |  |  | 98,912 |  |  |  | 108,412 |  |  |  | - |  |  | $ | 888,524 |
Segment Operating Income |  |  | 106,955 |  |  |  | 175,752 |  |  |  | 82,681 |  |  |  | 214,347 |  |  |  | 89,224 |  |  |  | 86,929 |  |  |  | - |  |  | $ | 755,888 |
Depreciation expense |  |  | 32,104 |  |  |  | 38,197 |  |  |  | 16,612 |  |  |  | 26,416 |  |  |  | 11,292 |  |  |  | 17,745 |  |  |  | 7,690 |  |  | $ | 150,056 |
Capital expenditures |  |  | 49,557 |  |  |  | 57,756 |  |  |  | 19,935 |  |  |  | 50,978 |  |  |  | 29,884 |  |  |  | 12,200 |  |  |  | 9,589 |  |  | $ | 229,899 |
Total Assets as of December 31, 2018: |  | $ | 444,356 |  |  | $ | 804,784 |  |  | $ | 342,656 |  |  | $ | 587,595 |  |  | $ | 287,240 |  |  | $ | 487,540 |  |  | $ | 152,027 |  |  | $ | 3,106,198 |
________________
Operating margin reconciliation |
|  | Years ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Reconciliation: |  |  |  |  |  |  |  |  |
Segment Operating Income |  | $ | 455,942 |  |  | $ | 543,696 |  |  | $ | 755,888 |
Restructuring and Severance Costs |  |  | (743 | ) |  |  | (24,139 | ) |  |  | - |
Impact of COVID-19 on Selling, General, and Administrative Expenses |  |  | 1,451 |  |  |  | - |  |  |  | - |
Unallocated Selling, General, and Administrative Expenses |  |  | (246,940 | ) |  |  | (257,127 | ) |  |  | (270,768 | )
Consolidated Operating Income (Loss) |  | $ | 209,710 |  |  | $ | 262,430 |  |  | $ | 485,120 |
Unallocated Other Income (Expense) |  |  | (51,382 | ) |  |  | (36,132 | ) |  |  | (68,344 | )
Consolidated Income Before Taxes |  | $ | 158,328 |  |  | $ | 226,298 |  |  | $ | 416,776 |
Disaggregation of Revenue | The Company has a broad line of products that it sells to OEMs, EMS companies, and independent distributors. The distribution of sales by customer type is shown below:
|  | Years Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Distributors |  | $ | 1,328,953 |  |  | $ | 1,393,412 |  |  | $ | 1,742,262 |
OEMs |  |  | 1,003,090 |  |  |  | 1,082,701 |  |  |  | 1,085,292 |
EMS companies |  |  | 169,855 |  |  |  | 192,192 |  |  |  | 207,135 |
|  | $ | 2,501,898 |  |  | $ | 2,668,305 |  |  | $ | 3,034,689 |
Note 15 – Segment and Geographic Data (continued) Net revenues were attributable to customers in the following regions:
|  | Years Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Asia |  | $ | 1,028,073 |  |  | $ | 965,030 |  |  | $ | 1,193,827 |
Europe |  |  | 854,847 |  |  |  | 993,101 |  |  |  | 1,081,073 |
Americas |  |  | 618,978 |  |  |  | 710,174 |  |  |  | 759,789 |
|  | $ | 2,501,898 |  |  | $ | 2,668,305 |  |  | $ | 3,034,689 |
The Company generates substantially all of its revenue from product sales to end customers in the industrial, automotive, telecommunications, computing, consumer products, power supplies, military and aerospace, and medical end markets. Sales by end market are presented below:
|  | Years Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Industrial |  | $ | 864,032 |  |  | $ | 946,118 |  |  | $ | 1,139,880 |
Automotive |  |  | 796,853 |  |  |  | 830,876 |  |  |  | 861,436 |
Telecommunications |  |  | 109,001 |  |  |  | 170,088 |  |  |  | 200,379 |
Computing |  |  | 204,166 |  |  |  | 182,781 |  |  |  | 228,831 |
Consumer Products |  |  | 118,896 |  |  |  | 107,983 |  |  |  | 168,884 |
Power Supplies |  |  | 116,966 |  |  |  | 119,361 |  |  |  | 144,433 |
Military and Aerospace |  |  | 162,484 |  |  |  | 179,228 |  |  |  | 162,921 |
Medical |  |  | 129,500 |  |  |  | 131,870 |  |  |  | 127,925 |
|  | $ | 2,501,898 |  |  | $ | 2,668,305 |  |  | $ | 3,034,689 |
Revenues Based on Geographic Area | The following table summarizes net revenues based on revenues generated by subsidiaries located within the identified geographic area:
|  | Years ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
United States |  | $ | 592,460 |  |  | $ | 686,985 |  |  | $ | 743,647 |
Germany |  |  | 772,194 |  |  |  | 910,509 |  |  |  | 982,082 |
Other Europe |  |  | 103,475 |  |  |  | 113,473 |  |  |  | 123,846 |
Israel |  |  | 16,609 |  |  |  | 17,787 |  |  |  | 13,299 |
Asia |  |  | 1,017,160 |  |  |  | 939,551 |  |  |  | 1,171,815 |
|  | $ | 2,501,898 |  |  | $ | 2,668,305 |  |  | $ | 3,034,689 |
Property and Equipment Based on Geographic Area | The following table summarizes property and equipment based on physical location:
|  | December 31, |
|  | 2020 |  |  | 2019 |
United States |  | $ | 95,570 |  |  | $ | 100,163 |
Germany |  |  | 199,076 |  |  |  | 179,218 |
Other Europe |  |  | 118,604 |  |  |  | 116,883 |
Israel |  |  | 79,267 |  |  |  | 92,636 |
People's Republic of China |  |  | 201,848 |  |  |  | 215,139 |
Republic of China (Taiwan) |  |  | 167,177 |  |  |  | 161,374 |
Other Asia |  |  | 77,024 |  |  |  | 81,338 |
Other |  |  | 4,599 |  |  |  | 4,774 |
|  | $ | 943,165 |  |  | $ | 951,525 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph b -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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