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Segment Information (Tables) | 9 Months Ended
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Oct. 02, 2021
Segment Information [Abstract] |
Segment Reporting Information by Segment | 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.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
|  | 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 |
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:
|  | 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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