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Segment Information (Tables) | 9 Months Ended
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Sep. 28, 2024
Segment Information [Abstract] |
Segment Reporting Information by Segment | The following tables set forth business segment information:
|  | MOSFETs |  |  | Diodes |  |  | Optoelectronic Components |  |  | Resistors |  |  | Inductors |  |  | Capacitors |  |  | Total |
Fiscal quarter ended September 28, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 147,134 |  |  | $ | 145,183 |  |  | $ | 63,227 |  |  | $ | 180,889 |  |  | $ | 90,253 |  |  | $ | 108,667 |  |  | $ | 735,353 |
Segment Operating Income (Loss) |  | $ | (4,265 | ) |  | $ | 22,748 |  |  | $ | 6,153 |  |  | $ | 32,305 |  |  | $ | 23,649 |  |  | $ | 18,917 |  |  | $ | 99,507 |
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 |
Nine fiscal months ended September 28, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 455,360 |  |  | $ | 440,578 |  |  | $ | 165,436 |  |  | $ | 548,583 |  |  | $ | 272,965 |  |  | $ | 339,949 |  |  | $ | 2,222,871 |
Segment Operating Income |  | $ | 5,616 |  |  | $ | 73,173 |  |  | $ | 16,339 |  |  | $ | 103,337 |  |  | $ | 71,377 |  |  | $ | 66,412 |  |  | $ | 336,254 |
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 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
|  | Fiscal quarters ended |  |  | Nine fiscal months ended |
|  | September 28, 2024 |  |  | September 30, 2023 |  |  | September 28, 2024 |  |  | September 30, 2023 |
Reconciliation: |  |  |  |  |  |  |  |  |  |  |  |
Segment Operating Income |  | $ | 99,507 |  |  | $ | 194,854 |  |  | $ | 336,254 |  |  | $ | 649,287 |
Restructuring and Severance Costs |  |  | (40,614 | ) |  |  | - |  |  |  | (40,614 | ) |  |  | - |
Unallocated Selling, General, and Administrative Expenses |  |  | (77,169 | ) |  |  | (79,724 | ) |  |  | (233,328 | ) |  |  | (240,973 | )
Consolidated Operating Income (Loss) |  | $ | (18,276 | ) |  | $ | 115,130 |  |  | $ | 62,312 |  |  | $ | 408,314 |
Unallocated Other Income (Expense) |  |  | (5,793 | ) |  |  | (18,618 | ) |  |  | (5,848 | ) |  |  | (21,556 | )
Consolidated Income (Loss) Before Taxes |  | $ | (24,069 | ) |  | $ | 96,512 |  |  | $ | 56,464 |  |  | $ | 386,758 |
Disaggregation of Revenue | 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 |  |  | Nine fiscal months ended |
|  | September 28, 2024 |  |  | September 30, 2023 |  |  | September 28, 2024 |  |  | September 30, 2023 |
Distributors |  | $ | 406,468 |  |  | $ | 438,126 |  |  | $ | 1,200,456 |  |  | $ | 1,396,021 |
OEMs |  |  | 278,801 |  |  |  | 358,791 |  |  |  | 871,739 |  |  |  | 1,044,039 |
EMS companies |  |  | 50,084 |  |  |  | 56,736 |  |  |  | 150,676 |  |  |  | 176,749 |
Total Revenue |  | $ | 735,353 |  |  | $ | 853,653 |  |  | $ | 2,222,871 |  |  | $ | 2,616,809 |
Net revenues were attributable to customers in the following regions:
|  | Fiscal quarters ended |  |  | Nine fiscal months ended |
|  | September 28, 2024 |  |  | September 30, 2023 |  |  | September 28, 2024 |  |  | September 30, 2023 |
Asia |  | $ | 289,577 |  |  | $ | 323,750 |  |  | $ | 857,073 |  |  | $ | 957,706 |
Europe |  |  | 256,296 |  |  |  | 315,264 |  |  |  | 793,183 |  |  |  | 968,286 |
Americas |  |  | 189,480 |  |  |  | 214,639 |  |  |  | 572,615 |  |  |  | 690,817 |
Total Revenue |  | $ | 735,353 |  |  | $ | 853,653 |  |  | $ | 2,222,871 |  |  | $ | 2,616,809 |
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 28, 2024 |  |  | September 30, 2023 |  |  | September 28, 2024 |  |  | September 30, 2023 |
Industrial |  | $ | 243,610 |  |  | $ | 297,506 |  |  | $ | 753,872 |  |  | $ | 951,422 |
Automotive |  |  | 279,597 |  |  |  | 316,043 |  |  |  | 834,998 |  |  |  | 910,775 |
Military and Aerospace |  |  | 81,264 |  |  |  | 67,623 |  |  |  | 245,189 |  |  |  | 198,489 |
Medical |  |  | 37,010 |  |  |  | 34,447 |  |  |  | 110,855 |  |  |  | 116,688 |
Other |  |  | 93,872 |  |  |  | 138,034 |  |  |  | 277,957 |  |  |  | 439,435 |
Total Revenue |  | $ | 735,353 |  |  | $ | 853,653 |  |  | $ | 2,222,871 |  |  | $ | 2,616,809 |

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