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Segment Information | 9 Months Ended
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Oct. 02, 2021
Segment Information [Abstract] |
Segment Information | Note 10 – Segment Information The following tables set forth business segment information:
|  | MOSFETs |  |  | Diodes |  |  | Optoelectronic Components |  |  | Resistors |  |  | Inductors |  |  | Capacitors |  |  | Corporate / Other* |  |  | Total |
Fiscal quarter ended October 2, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 175,499 |  |  | $ | 185,306 |  |  | $ | 70,750 |  |  | $ | 181,189 |  |  | $ | 84,816 |  |  | $ | 116,103 |  |  | $ | - |  |  | $ | 813,663 |
Gross profit |  | $ | 53,868 |  |  | $ | 46,756 |  |  | $ | 23,810 |  |  | $ | 49,729 |  |  | $ | 26,857 |  |  | $ | 24,716 |  |  | $ | - |  |  | $ | 225,736 |
Segment operating income |  | $ | 43,717 |  |  | $ | 41,363 |  |  | $ | 19,708 |  |  | $ | 43,547 |  |  | $ | 24,368 |  |  | $ | 19,913 |  |  | $ | - |  |  | $ | 192,616 |
Fiscal quarter ended October 3, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 133,976 |  |  | $ | 123,744 |  |  | $ | 64,955 |  |  | $ | 145,362 |  |  | $ | 79,399 |  |  | $ | 92,724 |  |  | $ | - |  |  | $ | 640,160 |
Gross profit |  | $ | 29,649 |  |  | $ | 20,843 |  |  | $ | 21,289 |  |  | $ | 35,186 |  |  | $ | 26,597 |  |  | $ | 18,387 |  |  | $ | (242 | ) |  | $ | 151,709 |
Segment operating income |  | $ | 20,148 |  |  | $ | 15,828 |  |  | $ | 17,184 |  |  | $ | 30,127 |  |  | $ | 24,106 |  |  | $ | 13,703 |  |  | $ | (242 | ) |  | $ | 120,854 |
Nine fiscal months ended October 2, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 496,659 |  |  | $ | 517,299 |  |  | $ | 224,316 |  |  | $ | 562,513 |  |  | $ | 253,813 |  |  | $ | 342,815 |  |  | $ | - |  |  | $ | 2,397,415 |
Gross Profit |  | $ | 138,410 |  |  | $ | 122,929 |  |  | $ | 73,958 |  |  | $ | 161,631 |  |  | $ | 83,288 |  |  | $ | 77,741 |  |  | $ | - |  |  | $ | 657,957 |
Segment Operating Income |  | $ | 108,434 |  |  | $ | 106,304 |  |  | $ | 61,070 |  |  | $ | 142,288 |  |  | $ | 75,902 |  |  | $ | 62,462 |  |  | $ | - |  |  | $ | 556,460 |
Nine fiscal months ended October 3, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 369,813 |  |  | $ | 363,274 |  |  | $ | 168,264 |  |  | $ | 444,982 |  |  | $ | 218,369 |  |  | $ | 270,016 |  |  | $ | - |  |  | $ | 1,834,718 |
Gross Profit |  | $ | 84,779 |  |  | $ | 65,265 |  |  | $ | 47,602 |  |  | $ | 112,472 |  |  | $ | 69,836 |  |  | $ | 53,960 |  |  | $ | (4,295 | ) |  | $ | 429,619 |
Segment Operating Income |  | $ | 56,408 |  |  | $ | 50,064 |  |  | $ | 35,818 |  |  | $ | 96,891 |  |  | $ | 62,129 |  |  | $ | 39,297 |  |  | $ | (4,295 | ) |  | $ | 336,312 |
*Amounts reported in Corporate/Other above represent unallocated costs directly related to the COVID-19 pandemic, which are reported as costs of products sold on the consolidated condensed statements of operations.
|  | Fiscal quarters ended |  |  | Nine fiscal months ended |
|  | October 2, 2021 |  |  | October 3, 2020 |  |  | October 2, 2021 |  |  | October 3, 2020 |
Reconciliation: |  |  |  |  |  |  |  |  |  |  |  |
Segment Operating Income |  | $ | 192,616 |  |  | $ | 120,854 |  |  | $ | 556,460 |  |  | $ | 336,312 |
Restructuring and Severance Costs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (743 | )
Impact of the COVID-19 Pandemic on Selling, General, and Administrative Expenses |  |  | - |  |  |  | 441 |  |  |  | - |  |  |  | 871 |
Unallocated Selling, General, and Administrative Expenses |  |  | (69,095 | ) |  |  | (59,805 | ) |  |  | (210,303 | ) |  |  | (186,742 | )
Consolidated Operating Income |  | $ | 123,521 |  |  | $ | 61,490 |  |  | $ | 346,157 |  |  | $ | 149,698 |
Unallocated Other Income (Expense) |  |  | (7,106 | ) |  |  | (15,766 | ) |  |  | (25,405 | ) |  |  | (38,100 | )
Consolidated Income Before Taxes |  | $ | 116,415 |  |  | $ | 45,724 |  |  | $ | 320,752 |  |  | $ | 111,598 |
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:
|  | Fiscal quarters ended |  |  | Nine fiscal months ended |
|  | October 2, 2021 |  |  | October 3, 2020 |  |  | October 2, 2021 |  |  | October 3, 2020 |
Distributors |  | $ | 483,766 |  |  | $ | 325,695 |  |  | $ | 1,400,700 |  |  | $ | 980,703 |
OEMs |  |  | 278,358 |  |  |  | 273,664 |  |  |  | 850,413 |  |  |  | 725,592 |
EMS companies |  |  | 51,539 |  |  |  | 40,801 |  |  |  | 146,302 |  |  |  | 128,423 |
Total Revenue |  | $ | 813,663 |  |  | $ | 640,160 |  |  | $ | 2,397,415 |  |  | $ | 1,834,718 |
Net revenues were attributable to customers in the following regions:
|  | Fiscal quarters ended |  |  | Nine fiscal months ended |
|  | October 2, 2021 |  |  | October 3, 2020 |  |  | October 2, 2021 |  |  | October 3, 2020 |
Asia |  | $ | 365,133 |  |  | $ | 270,451 |  |  | $ | 1,034,936 |  |  | $ | 748,160 |
Europe |  |  | 263,650 |  |  |  | 213,296 |  |  |  | 800,801 |  |  |  | 626,276 |
Americas |  |  | 184,880 |  |  |  | 156,413 |  |  |  | 561,678 |  |  |  | 460,282 |
Total Revenue |  | $ | 813,663 |  |  | $ | 640,160 |  |  | $ | 2,397,415 |  |  | $ | 1,834,718 |
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:
|  | Fiscal quarters ended |  |  | Nine fiscal months ended |
|  | October 2, 2021 |  |  | October 3, 2020 |  |  | October 2, 2021 |  |  | October 3, 2020 |
Industrial |  | $ | 335,047 |  |  | $ | 209,473 |  |  | $ | 927,981 |  |  | $ | 651,461 |
Automotive |  |  | 240,764 |  |  |  | 216,641 |  |  |  | 743,766 |  |  |  | 552,418 |
Telecommunications |  |  | 24,580 |  |  |  | 27,845 |  |  |  | 72,438 |  |  |  | 91,033 |
Computing |  |  | 58,703 |  |  |  | 51,032 |  |  |  | 183,234 |  |  |  | 151,974 |
Consumer Products |  |  | 43,839 |  |  |  | 33,353 |  |  |  | 128,243 |  |  |  | 76,477 |
Power Supplies |  |  | 42,082 |  |  |  | 29,112 |  |  |  | 119,373 |  |  |  | 86,482 |
Military and Aerospace |  |  | 40,198 |  |  |  | 40,582 |  |  |  | 124,909 |  |  |  | 125,968 |
Medical |  |  | 28,450 |  |  |  | 32,122 |  |  |  | 97,471 |  |  |  | 98,905 |
Total revenue |  | $ | 813,663 |  |  | $ | 640,160 |  |  | $ | 2,397,415 |  |  | $ | 1,834,718 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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