Segment Information, Revenue and Enterprise-Wide Disclosures

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment Information, Revenue and Enterprise-Wide Disclosures

Note 16 – Segment Information, Revenue and Enterprise-Wide Disclosures

Segment Reporting. For financial reporting purposes, we operate in a single segment, standard semiconductor products, through our various manufacturing and distribution facilities. We aggregate our products because the products are similar and have similar economic characteristics, use similar production processes and share the same customer type. Our primary operations include operations in Asia, North America and Europe. The accounting policies of the operating entities are the same as those described in the summary of significant accounting policies. No customer accounted for 10% or more or our net sales during the twelve months ended 2020. During the twelve months ended December 31, 2019 and 2018, one customer, a broad-based global distributor that sells to thousands of different end users, accounted for approximately 10.0% or $119.6 million and $120.0 million, respectively, of our net sales.  No customer accounted for 10% or greater of our outstanding accounts receivable at December 31, 2020 or 2019.

The tables below set forth net sales based on the location of the subsidiary producing the net sale:

2020	Asia			North America			Europe			Consolidated
Total sales	$	1,399,517		$	807,405		$	222,227		$	2,429,149
Inter-company sales		(565,723	)		(531,385	)		(102,826	)		(1,199,934	)
Net sales	$	833,794		$	276,020		$	119,401		$	1,229,215
Property, plant and equipment	$	421,185		$	24,726		$	84,904		$	530,815
Assets	$	1,522,835		$	229,610		$	227,012		$	1,979,457
2019	Asia			North America			Europe			Consolidated
Total sales	$	1,234,750		$	612,697		$	234,092		$	2,081,539
Inter-company sales		(418,377	)		(320,746	)		(93,286	)		(832,409	)
Net sales	$	816,373		$	291,951		$	140,806		$	1,249,130
Property, plant and equipment	$	379,075		$	23,104		$	67,395		$	469,574
Assets	$	1,207,331		$	216,250		$	215,803		$	1,639,384
2018	Asia			North America			Europe			Consolidated
Total sales	$	1,069,068		$	179,459		$	195,406		$	1,443,933
Inter-company sales		(150,421	)		(24,322	)		(55,201	)		(229,944	)
Net sales	$	918,647		$	155,137		$	140,205		$	1,213,989
Property, plant and equipment	$	392,445		$	30,507		$	23,883		$	446,835
Assets	$	1,095,037		$	240,540		$	190,794		$	1,526,371

Disaggregation of Revenue. We disaggregate net sales from contracts with customers into direct sales and distribution sales (“Distributors”) and by geographic area. Direct sales customers consist of those customers using our product in their manufacturing process, and Distributors are those customers who resell our products to third parties. We deliver our products to customers around the world for use in consumer electronics, computing, communications, industrial and automotive. Further, most of our contracts are fixed-price arrangements, and are short term in nature, ranging from days to several months.

The tables below set forth net sales for the Company disaggregated into geographic locations based on shipment and by type (direct sales or distributor) for the twelve months ended December 31, 2020, 2019 and 2018:

	Net Sales by Type for the Twelve Months Ended December 31,
Net Sales by Region	2020		2019		2018
Asia	$	961,376	$	942,577	$	944,118
Europe		171,985		181,015		138,117
Americas		95,854		125,538		131,754
Total net sales	$	1,229,215	$	1,249,130	$	1,213,989
Net Sales by Type	2020		2019		2018
Direct sales	$	419,024	$	407,851	$	346,997
Distributor sales		810,191		841,279		866,992
Total net sales	$	1,229,215	$	1,249,130	$	1,213,989

Net sales from products shipped to China for the twelve months ended December 31, 2020, 2019 and 2018, was $649.9 million $633.8 million and $662.6 million, respectively.