Segment Information

9 Months Ended

Dec. 28, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Chief Operating Decision Maker is the Company’s President and Chief Executive Officer.

Our reportable segments include the following:

• Communications segment: includes clock and timing solutions, flow-control management devices including Serial RapidIO^® switching solutions, multi-port products, telecommunications products, high-speed static random access memory, first in and first out, digital logic, radio frequency, and MEMS Oscillator solutions.

• Computing and Consumer segment: includes clock generation and distribution products, high-performance server memory interfaces, PCI Express switching solutions, power management solutions, signal integrity products and PC audio (divested in the third quarter of fiscal 2014).

The tables below provide information about these segments:

Revenue by segment	Three Months Ended				Nine Months Ended
(in thousands)	December 28, 2014		December 29, 2013		December 28, 2014		December 29, 2013
Communications	$	79,288	$	75,227	$	240,046	$	215,260
Computing and Consumer	71,872		49,401		174,509		150,879
Total revenues	$	151,160	$	124,628	$	414,555	$	366,139

Income by segment from continuing operations	Three Months Ended						Nine Months Ended
(in thousands)	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
Communications	$	29,315		$	29,087		$	88,864		$	73,103
Computing and Consumer	10,073			(1,688		)	10,350			(15,083		)
Unallocated expenses:
Amortization of intangible assets	(1,347		)	(3,322		)	(5,572		)	(9,965		)
(Loss) gain from divestiture	—			(3,415		)	—			78,934
Assets impairment and recoveries	—			265			(2,703		)	(3,779		)
Stock-based compensation expense	(5,875		)	(3,169		)	(16,770		)	(10,309		)
Severance, retention and facility closure costs	(338		)	(406		)	(1,250		)	(6,100		)
Acquisition-related costs and other	125			(21		)	125			(729		)
Deferred compensation plan expense, net	25			70			8			65
Interest income and other, net	954			481			1,986			775
Income from continuing operations, before income taxes	$	32,932		$	17,882		$	75,038		$	106,912

The Company does not allocate loss or gain from divestiture, goodwill and intangible assets impairment charge, intangible assets amortization, severance and retention costs, acquisition-related costs, stock-based compensation, deferred compensation plan expense, interest income and other, and interest expense to its segments. In addition, the Company does not allocate assets to its segments. The Company excludes these items consistent with the manner in which it internally evaluates its results of operations.

Revenues from unaffiliated customers by geographic area, based on the customers' shipment locations, were as follows:

	Three Months Ended				Nine Months Ended
(in thousands)	December 28, 2014		December 29, 2013		December 28, 2014		December 29, 2013
Asia Pacific	$	111,437	$	82,428	$	283,293	$	233,138
Americas (1)	15,869		17,087		52,631		54,296
Japan	9,326		11,072		30,015		31,211
Europe	14,528		14,041		48,616		47,494
Total revenues	$	151,160	$	124,628	$	414,555	$	366,139

(1) The revenues from the customers in the U.S. were $14.6 million and $15.3 million in the three months ended December 28, 2014 and December 29, 2013, respectively. The revenues from the customers in the U.S. were $47.1 million and $47.8 million in each of the nine months ended December 28, 2014 and December 29, 2013.

The Company utilizes global and regional distributors around the world, that buy product directly from the Company on behalf of their customers. One distributor, Uniquest accounted for 17% and 13% of the Company's revenues in the three and nine months ended December 28, 2014, respectively. Two distributors, Avnet and Uniquest represented approximately 13% and 10% of the Company's revenue for the three months ended December 29, 2013. One distributor, Avnet represented approximately 13% of the Company's revenues for the nine months ended December 29, 2013.

At December 28, 2014, two distributors represented approximately 15% and 11%, respectively, of the Company’s gross accounts receivable. At March 30, 2014, four distributors represented approximately 15%, 15%, 12% and 11%, respectively, of the Company’s gross accounts receivable.

The Company’s significant operations outside of the United States include a test facility in Malaysia, design centers in Canada and China, and sales subsidiaries in Japan, Asia Pacific and Europe. The Company's property, plant and equipment, net, are summarized below by geographic area: 

(in thousands)	December 28, 2014		March 30, 2014
United States	$	39,403	$	40,561
Canada	4,172		4,660
Malaysia	19,621		20,972
All other countries	1,548		3,634
Total property, plant and equipment, net	$	64,744	$	69,827