Segment Information and Enterprise-Wide Disclosures

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information and Enterprise-Wide Disclosures

NOTE 14 – SEGMENT INFORMATION AND ENTERPRISE-WIDE DISCLOSURES

An operating segment is defined as a component of an enterprise about which separate financial information is available that is evaluated regularly by the chief decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. Our chief decision-making group consists of the President and CEO, Chief Financial Officer, Senior Vice President of Operations and Senior Vice President of Sales and Marketing. For financial reporting purposes, we operate in a single segment, standard semiconductor products, through our various manufacturing and distribution facilities. We aggregate our different legal entities into a single segment due to the products having similar economic characteristics, being similar in production process and manufacture flow, and sharing the same customers and target end-equipment markets.

Our primary operations include the operations in Asia, North America and Europe. The table below sets forth net sales by geographic areas based on the location of subsidiaries producing the net sales:

2015	Asia			North America			Europe			Consolidated
Total sales	$	793,960		$	143,800		$	164,304		$	1,102,064
Inter-company sales		(118,415	)		(60,882	)		(73,863	)		(253,160	)
Net sales	$	675,545		$	82,918		$	90,441		$	848,904
Property, plant and equipment	$	362,186		$	58,152		$	19,002		$	439,340
Assets	$	969,352		$	466,170		$	165,508		$	1,601,030
2014	Asia			North America			Europe			Consolidated
Total sales	$	814,589		$	154,861		$	179,021		$	1,148,471
Inter-company sales		(106,728	)		(63,945	)		(87,147	)		(257,820	)
Net sales	$	707,861		$	90,916		$	91,874		$	890,651
Property, plant and equipment	$	262,582		$	26,363		$	20,986		$	309,931
Assets	$	874,331		$	128,174		$	176,652		$	1,179,157
2013	Asia			North America			Europe			Consolidated
Total sales	$	750,339		$	143,251		$	165,179		$	1,058,769
Inter-company sales		(75,731	)		(65,947	)		(90,245	)		(231,923	)
Net sales	$	674,608		$	77,304		$	74,934		$	826,846
Property, plant and equipment	$	268,196		$	30,040		$	23,777		$	322,013
Assets	$	858,114		$	120,104		$	184,040		$	1,162,258

The accounting policies of the operating entities are the same as those described in the summary of significant accounting policies.

Geographic Information - Historically, we reported net sales “billed to” customers located in various countries. In 2013, we changed to net sales “shipped to” customer locations as we believe the change better represents where our customers business activities occur. All years presented reflect this change.

Net sales were derived from (shipped to) customers located in the following countries. “All others” represents countries with less than 3% of total net sales each:

			% of Total
2015	Net Sales		Net Sales
China		507,783		60	%
U.S.		76,870		9	%
Korea		66,605		8	%
Germany		57,036		7	%
Singapore		51,742		6	%
Taiwan		30,127		4	%
All others		58,741		6	%
Total	$	848,904		100	%
			% of Total
2014	Net Sales		Net Sales
China	$	555,478		62	%
U.S.		82,599		9	%
Korea		66,772		7	%
Germany		59,240		7	%
Singapore		49,191		6	%
Taiwan		27,207		3	%
All others		50,164		6	%
Total	$	890,651		100	%
			% of Total
2013	Net Sales		Net Sales
China	$	522,587		63	%
U.S.		72,232		9	%
Korea		68,693		8	%
Germany		45,631		6	%
Singapore		43,066		5	%
Taiwan		30,233		4	%
All others		44,404		5	%
Total	$	826,846		100	%

Major customers – No customer accounted for 10% or greater of our total net sales in 2015, 2014, and 2013.