Segment Information

6 Months Ended

Jun. 26, 2011

Segment Information

Segment Information

Note 8 – Segment Information

The company is currently organized into three reportable segments. The organization is an application based structure which corresponds with the way the company manages the business. The majority of the company's activities are aligned into two focus areas; MCCC, which focuses on handset, computing and multimedia applications, and PCIA, which focuses on power supply and motor control solutions. Each of these segments has a relatively small set of leading customers, common technology requirements and similar design cycles. The Standard Discrete and Standard Linear (SDT) business is managed separately as a third segment. As of the first day of fiscal 2011, the infrared group was moved from PCIA to SDT. Prior year numbers have been restated to reflect this change which was not material to reported amounts.

The following table presents selected operating segment financial information for the three and six months ended June 26, 2011 and June 27, 2010.

	Three Months Ended						Six Months Ended
	June 26, 2011			June 27, 2010			June 26, 2011			June 27, 2010
				(In millions)
Revenue and operating income:
MCCC
Total revenue	$	166.1		$	168.8		$	328.1		$	324.9
Operating income		32.7			41.2			68.6			73.2
PCIA
Total revenue		224.4			190.6			434.3			369.7
Operating income		66.0			51.7			124.6			94.8
SDT
Total revenue		42.7			50.2			83.8			93.0
Operating income		8.8			10.3			17.7			18.1
Corporate
Restructuring and impairments expense		(2.9	)		0.0			(5.4	)		(2.4	)
Stock-based compensation expense		(8.0	)		(5.9	)		(13.0	)		(11.7	)
Selling, general and administrative expense		(41.4	)		(43.1	)		(85.0	)		(83.2	)
Other (1)		(0.3	)		(1.6	)		(0.7	)		(3.3	)
Total consolidated
Total revenue		433.2			409.6			846.2			787.6
Operating income		54.9			52.6			106.8			85.5
Other expense, net		3.3			2.6			4.4			5.0
Income before income taxes	$	51.6		$	50.0		$	102.4		$	80.5

(1) Other primarily consists of accelerated depreciation related to the planned closure of the Mountaintop facility.