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Segment Information | 6 Months Ended
--- | ---
Jun. 29, 2024
Segment Information [Abstract] |
Segment Information | Note 11 – Segment Information The following tables set forth business segment information:
|  | MOSFETs |  |  | Diodes |  |  | Optoelectronic Components |  |  | Resistors |  |  | Inductors |  |  | Capacitors |  |  | Total |
Fiscal quarter ended June 29, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 155,053 |  |  | $ | 146,265 |  |  | $ | 53,010 |  |  | $ | 179,498 |  |  | $ | 94,061 |  |  | $ | 113,352 |  |  | $ | 741,239 |
Segment Operating Income |  | $ | 1,834 |  |  | $ | 24,414 |  |  | $ | 8,693 |  |  | $ | 32,859 |  |  | $ | 24,547 |  |  | $ | 20,966 |  |  | $ | 113,313 |
Fiscal quarter ended July 1, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 207,388 |  |  | $ | 174,735 |  |  | $ | 64,449 |  |  | $ | 222,433 |  |  | $ | 89,239 |  |  | $ | 133,866 |  |  | $ | 892,110 |
Segment Operating Income |  | $ | 56,772 |  |  | $ | 35,110 |  |  | $ | 10,749 |  |  | $ | 57,363 |  |  | $ | 27,585 |  |  | $ | 28,177 |  |  | $ | 215,756 |
Six fiscal months ended June 29, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 308,226 |  |  | $ | 295,395 |  |  | $ | 102,209 |  |  | $ | 367,694 |  |  | $ | 182,712 |  |  | $ | 231,282 |  |  | $ | 1,487,518 |
Segment Operating Income |  | $ | 9,881 |  |  | $ | 50,425 |  |  | $ | 10,186 |  |  | $ | 71,032 |  |  | $ | 47,728 |  |  | $ | 47,495 |  |  | $ | 236,747 |
Six fiscal months ended July 1, 2023: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 405,569 |  |  | $ | 350,428 |  |  | $ | 124,852 |  |  | $ | 445,573 |  |  | $ | 169,577 |  |  | $ | 267,157 |  |  | $ | 1,763,156 |
Segment Operating Income |  | $ | 114,789 |  |  | $ | 77,796 |  |  | $ | 28,049 |  |  | $ | 124,062 |  |  | $ | 48,564 |  |  | $ | 61,173 |  |  | $ | 454,433 |
|  | Fiscal quarters ended |  |  | Six fiscal months ended |
|  | June 29, 2024 |  |  | July 1, 2023 |  |  | June 29, 2024 |  |  | July 1, 2023 |
Reconciliation: |  |  |  |  |  |  |  |  |  |  |  |
Segment Operating Income |  | $ | 113,313 |  |  | $ | 215,756 |  |  | $ | 236,747 |  |  | $ | 454,433 |
Unallocated Selling, General, and Administrative Expenses |  |  | (75,396 | ) |  |  | (81,140 | ) |  |  | (156,159 | ) |  |  | (161,249 | )
Consolidated Operating Income |  | $ | 37,917 |  |  | $ | 134,616 |  |  | $ | 80,588 |  |  | $ | 293,184 |
Unallocated Other Income (Expense) |  |  | (1,646 | ) |  |  | (1,147 | ) |  |  | (55 | ) |  |  | (2,938 | )
Consolidated Income Before Taxes |  | $ | 36,271 |  |  | $ | 133,469 |  |  | $ | 80,533 |  |  | $ | 290,246 |
The Company has a broad line of products that it sells to original equipment manufacturers ("OEMs"), electronic manufacturing services ("EMS") companies, and independent distributors. The distribution of sales by channel is shown below:
|  | Fiscal quarters ended |  |  | Six fiscal months ended |
|  | June 29, 2024 |  |  | July 1, 2023 |  |  | June 29, 2024 |  |  | July 1, 2023 |
Distributors |  | $ | 411,508 |  |  | $ | 487,107 |  |  | $ | 793,988 |  |  | $ | 957,895 |
OEMs |  |  | 279,111 |  |  |  | 344,820 |  |  |  | 592,938 |  |  |  | 685,248 |
EMS companies |  |  | 50,620 |  |  |  | 60,183 |  |  |  | 100,592 |  |  |  | 120,013 |
Total Revenue |  | $ | 741,239 |  |  | $ | 892,110 |  |  | $ | 1,487,518 |  |  | $ | 1,763,156 |
Net revenues were attributable to customers in the following regions:
|  | Fiscal quarters ended |  |  | Six fiscal months ended |
|  | June 29, 2024 |  |  | July 1, 2023 |  |  | June 29, 2024 |  |  | July 1, 2023 |
Asia |  | $ | 283,489 |  |  | $ | 323,527 |  |  | $ | 567,496 |  |  | $ | 633,956 |
Europe |  |  | 265,153 |  |  |  | 326,461 |  |  |  | 536,887 |  |  |  | 653,022 |
Americas |  |  | 192,597 |  |  |  | 242,122 |  |  |  | 383,135 |  |  |  | 476,178 |
Total Revenue |  | $ | 741,239 |  |  | $ | 892,110 |  |  | $ | 1,487,518 |  |  | $ | 1,763,156 |
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 |  |  | Six fiscal months ended |
|  | June 29, 2024 |  |  | July 1, 2023 |  |  | June 29, 2024 |  |  | July 1, 2023 |
Industrial |  | $ | 262,134 |  |  | $ | 327,956 |  |  | $ | 510,262 |  |  | $ | 653,916 |
Automotive |  |  | 268,099 |  |  |  | 310,233 |  |  |  | 555,401 |  |  |  | 594,732 |
Military and Aerospace |  |  | 80,569 |  |  |  | 68,741 |  |  |  | 163,925 |  |  |  | 130,866 |
Medical |  |  | 39,456 |  |  |  | 40,138 |  |  |  | 73,845 |  |  |  | 82,241 |
Other |  |  | 90,981 |  |  |  | 145,042 |  |  |  | 184,085 |  |  |  | 301,401 |
Total Revenue |  | $ | 741,239 |  |  | $ | 892,110 |  |  | $ | 1,487,518 |  |  | $ | 1,763,156 |

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