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v3.23.3

Segment Information | 9 Months Ended
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Sep. 30, 2023
Segment Information [Abstract] |
Segment Information | Note 11 – Segment Information The following tables set forth business segment information:
|  | MOSFETs |  |  | Diodes |  |  | Optoelectronic Components |  |  | Resistors |  |  | Inductors |  |  | Capacitors |  |  | Corporate / Other* |  |  | Total |
Fiscal quarter ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 205,027 |  |  | $ | 176,788 |  |  | $ | 64,441 |  |  | $ | 199,877 |  |  | $ | 89,947 |  |  | $ | 117,573 |  |  | $ | - |  |  | $ | 853,653 |
Segment Operating Income |  | $ | 52,755 |  |  | $ | 41,552 |  |  | $ | 13,087 |  |  | $ | 41,849 |  |  | $ | 25,078 |  |  | $ | 20,533 |  |  | $ | - |  |  | $ | 194,854 |
Fiscal quarter ended October 1, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 225,186 |  |  | $ | 209,012 |  |  | $ | 73,447 |  |  | $ | 207,437 |  |  | $ | 83,503 |  |  | $ | 126,213 |  |  | $ | - |  |  | $ | 924,798 |
Segment Operating Income |  | $ | 71,867 |  |  | $ | 51,368 |  |  | $ | 22,021 |  |  | $ | 61,621 |  |  | $ | 22,585 |  |  | $ | 25,310 |  |  | $ | - |  |  | $ | 254,772 |
Nine fiscal months ended September 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 610,596 |  |  | $ | 527,216 |  |  | $ | 189,293 |  |  | $ | 645,450 |  |  | $ | 259,524 |  |  | $ | 384,730 |  |  | $ | - |  |  | $ | 2,616,809 |
Segment Operating Income |  | $ | 167,544 |  |  | $ | 119,348 |  |  | $ | 41,136 |  |  | $ | 165,911 |  |  | $ | 73,642 |  |  | $ | 81,706 |  |  | $ | - |  |  | $ | 649,287 |
Nine fiscal months ended October 1, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 556,255 |  |  | $ | 583,429 |  |  | $ | 232,399 |  |  | $ | 627,645 |  |  | $ | 255,888 |  |  | $ | 386,487 |  |  | $ | - |  |  | $ | 2,642,103 |
Segment Operating Income |  | $ | 164,993 |  |  | $ | 140,307 |  |  | $ | 72,575 |  |  | $ | 183,414 |  |  | $ | 71,698 |  |  | $ | 80,330 |  |  | $ | (6,661 | ) |  | $ | 706,656 |
*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 statement of operations.
|  | Fiscal quarters ended |  |  | Nine fiscal months ended |
|  | September 30, 2023 |  |  | October 1, 2022 |  |  | September 30, 2023 |  |  | October 1, 2022 |
Reconciliation: |  |  |  |  |  |  |  |  |  |  |  |
Segment Operating Income |  | $ | 194,854 |  |  | $ | 254,772 |  |  | $ | 649,287 |  |  | $ | 706,656 |
Impact of the COVID-19 Pandemic on Selling, General, and Administrative Expenses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (546 | )
Unallocated Selling, General, and Administrative Expenses |  |  | (79,724 | ) |  |  | (71,670 | ) |  |  | (240,973 | ) |  |  | (225,932 | )
Consolidated Operating Income |  | $ | 115,130 |  |  | $ | 183,102 |  |  | $ | 408,314 |  |  | $ | 480,178 |
Unallocated Other Income (Expense) |  |  | (18,618 | ) |  |  | (1,973 | ) |  |  | (21,556 | ) |  |  | (14,873 | )
Consolidated Income Before Taxes |  | $ | 96,512 |  |  | $ | 181,129 |  |  | $ | 386,758 |  |  | $ | 465,305 |
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 |
|  | September 30, 2023 |  |  | October 1, 2022 |  |  | September 30, 2023 |  |  | October 1, 2022 |
Distributors |  | $ | 438,126 |  |  | $ | 536,289 |  |  | $ | 1,396,021 |  |  | $ | 1,549,872 |
OEMs |  |  | 358,791 |  |  |  | 322,260 |  |  |  | 1,044,039 |  |  |  | 908,384 |
EMS companies |  |  | 56,736 |  |  |  | 66,249 |  |  |  | 176,749 |  |  |  | 183,847 |
Total Revenue |  | $ | 853,653 |  |  | $ | 924,798 |  |  | $ | 2,616,809 |  |  | $ | 2,642,103 |
Net revenues were attributable to customers in the following regions:
|  | Fiscal quarters ended |  |  | Nine fiscal months ended |
|  | September 30, 2023 |  |  | October 1, 2022 |  |  | September 30, 2023 |  |  | October 1, 2022 |
Asia |  | $ | 323,750 |  |  | $ | 352,160 |  |  | $ | 957,706 |  |  | $ | 1,040,942 |
Europe |  |  | 315,264 |  |  |  | 296,779 |  |  |  | 968,286 |  |  |  | 862,728 |
Americas |  |  | 214,639 |  |  |  | 275,859 |  |  |  | 690,817 |  |  |  | 738,433 |
Total Revenue |  | $ | 853,653 |  |  | $ | 924,798 |  |  | $ | 2,616,809 |  |  | $ | 2,642,103 |
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 |
|  | September 30, 2023 |  |  | October 1, 2022 |  |  | September 30, 2023 |  |  | October 1, 2022 |
Industrial |  | $ | 297,506 |  |  | $ | 362,380 |  |  | $ | 951,422 |  |  | $ | 1,050,704 |
Automotive |  |  | 316,043 |  |  |  | 286,331 |  |  |  | 910,775 |  |  |  | 799,504 |
Computing |  |  | 40,816 |  |  |  | 52,206 |  |  |  | 125,068 |  |  |  | 177,172 |
Military and Aerospace |  |  | 67,623 |  |  |  | 56,861 |  |  |  | 198,489 |  |  |  | 159,062 |
Consumer Products |  |  | 42,155 |  |  |  | 50,235 |  |  |  | 130,305 |  |  |  | 132,090 |
Power Supplies |  |  | 38,897 |  |  |  | 50,822 |  |  |  | 127,684 |  |  |  | 132,248 |
Medical |  |  | 34,447 |  |  |  | 33,675 |  |  |  | 116,688 |  |  |  | 99,139 |
Telecommunications |  |  | 16,166 |  |  |  | 32,288 |  |  |  | 56,378 |  |  |  | 92,184 |
Total Revenue |  | $ | 853,653 |  |  | $ | 924,798 |  |  | $ | 2,616,809 |  |  | $ | 2,642,103 |

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