Segment Information

6 Months Ended

Oct. 02, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

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

The Company's 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 frequency control solutions.

• Computing, Consumer and Industrial segment: includes clock generation and distribution products, high-performance server memory interfaces, PCI Express switching solutions, power management solutions, signal integrity products, and sensing products for mobile, automotive and industrial solutions.

The tables below provide information about these segments:

Revenues by segment	Three Months Ended				Six Months Ended
(in thousands)	October 2, 2016		September 27, 2015		October 2, 2016		September 27, 2015
Communications	$	65,374	$	72,271	$	144,194	$	137,164
Computing, Consumer and Industrial	118,685		97,227		231,993		193,241
Total revenues	$	184,059	$	169,498	$	376,187	$	330,405

Income by segment from continuing operations	Three Months Ended						Six Months Ended
(in thousands)	October 2, 2016			September 27, 2015			October 2, 2016			September 27, 2015
Communications	$	20,685		$	27,401		$	49,173		$	50,351
Computing, Consumer and Industrial	27,138			25,417			50,430			49,686
Unallocated expenses:
Amortization of intangible assets	(5,246		)	(751		)	(11,021		)	(1,583		)
Inventory fair market value adjustment	(520		)	—			(2,915		)	—
Assets impairment and recoveries	—			28			(870		)	(119		)
Stock-based compensation expense	(9,181		)	(8,581		)	(19,696		)	(16,447		)
Severance and facility closure costs	(5,002		)	(2,048		)	(16,939		)	(2,969		)
Acquisition-related costs and other	(72		)	—			(72		)	—
Deferred compensation plan income, net	(18		)	—			(29		)	—
Interest and other income (expense), net	(3,014		)	1,568			(5,902		)	3,270
Income from continuing operations, before income taxes	$	24,770		$	43,034		$	42,159		$	82,189

The Company does not allocate goodwill and intangible assets impairment charge, severance and retention costs, acquisition-related costs, stock-based compensation, 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				Six Months Ended
(in thousands)	October 2, 2016		September 27, 2015		October 2, 2016		September 27, 2015
Hong Kong	$	61,721	$	73,797	135,650		$	147,751
Korea	18,809		23,581		35,515		37,593
Rest of Asia Pacific	63,070		41,508		121,125		80,347
Americas (1)	17,187		16,950		37,640		38,695
Europe	23,272		13,662		46,257		26,019
Total revenues	$	184,059	$	169,498	$	376,187	$	330,405

(1) The revenues from the customers in the U.S. were $15.5 million and $15.6 million in the three months ended October 2, 2016 and September 27, 2015, respectively. The revenue from the customers in U.S. was $34.2 million and $36.3 million in the six months ended October 2, 2016 and September 27, 2015.

The Company utilizes global and regional distributors around the world, that buy products directly from the Company on behalf of their customers. Three distributors, Uniquest, Avnet and its affiliates, and SK Hynix and its affiliates accounted for 13%, 11%, and 10% respectively, of the Company's revenues in the three months ended October 2, 2016. Two distributors, Uniquest and Avnet and its affiliates each accounted for 12% of the Company's revenues in the six months ended October 2, 2016. Three distributors, Uniquest, SK Hynix and its affiliates, and Avnet and its affiliates accounted for 16%, 15% and 12%, respectively, of the Company's revenues in the three months ended September 27, 2015. Three distributors, Uniquest, SK Hynix and its affiliates, and Avnet and its affiliates accounted for 19%, 13%, and 12% in the six months ended September 27, 2015.

At October 2, 2016, one distributor represented approximately 11% of the Company’s gross accounts receivable. At April 3, 2016, two distributors represented approximately 12% and 10%, respectively, of the Company’s gross accounts receivable.

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

(in thousands)	October 2, 2016		April 3, 2016
United States	$	38,637	$	38,735
Malaysia	21,209		20,150
Germany	9,968		9,235
Canada	3,644		3,781
All other countries	1,957		1,976
Total property, plant and equipment, net	$	75,415	$	73,877