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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
PAY VERSUS PERFORMANCE DISCLOSURE
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank
Wall
Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and other named executive Officers
(“Non-PEO
NEOs”) and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
 
               
Year
 
Summary
Compensation
Table Total for
James R.
Anderson¹
($)
 
Compensation
Actually Paid
to James R.
Anderson
1,2,3

($)
 
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
1

($)
 
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
1,2,3

($)
 
Value of Initial
Fixed $100
Investment
based on:
4
 
Net
Income
($
Millions)
 
TSR
Percentile
Rank
Relative to
the
Russell
2000
Index
5
 
TSR
($)
 
Peer
Group
TSR
($)
                 
(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
(f)
 
(g)
 
(h)
 
(i)
                 
2022
 
11,653,423
 
8,548,319
 
3,395,414
 
(392,017)
 
337.39
 
142.26
 
178.9
 
64
th

percentile
                 
2021
 
18,387,422
 
70,640,501
 
4,764,499
 
15,839,660
 
400.73
 
218.45
 
95.9
 
86
th

percentile
                 
2020
 
7,226,551
 
49,899,940
 
2,356,257
 
15,086,398
 
238.27
 
152.93
 
47.4
 
92
nd

percentile
1.
James R. Anderson was our PEO for each year presented. The individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
     
2020
 
2021
 
2022
Sherri Luther   Sherri Luther   Sherri Luther
Esam Elashmawi   Esam Elashmawi   Esam Elashmawi
Stephen Douglass   Stephen Douglass   Stephen Douglass
Mark Nelson   Mark Nelson   Mark Nelson
2.
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation
S-K
and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
3.
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the
Non-PEO
NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.
 
Year
  
Summary
Compensation
Table Total for
James R.
Anderson
($)
    
Exclusion of
Stock
Awards for
James R.
Anderson
($)
    
Inclusion of
Equity
Values for
James R.
Anderson
($)
    
Compensation
Actually
Paid to
James R.
Anderson
($)
 
       
2022
     11,653,423        (9,665,998      6,560,894        8,548,319  
       
2021
     18,387,422        (16,736,285      68,989,364        70,640,501  
       
2020
     7,226,551        (6,155,336      48,828,725        49,899,940  
 
Year
  
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
($)
    
Average
Exclusion
of Stock
Awards for
Non-PEO

NEOs
($)
    
Average
Inclusion of
Equity
Values for
Non-PEO

NEOs
($)
    
Average
Compensation
Actually
Paid to
Non-PEO

NEOs
($)
 
         
2022
     3,395,414        (2,407,123      (1,380,308      (392,017
         
2021
     4,764,499        (3,952,415      15,027,576        15,839,660  
         
2020
     2,356,257        (1,770,952      14,501,093        15,086,398  
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
 
Year
 
Year-End

Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of Year
for James
R.
Anderson
($)
   
Change in
Fair Value
from Last
Day of
Prior Year
to Last Day
of Year of
Unvested
Equity
Awards for
James R.
Anderson
($)
   
Vesting-
Date Fair
Value of
Equity
Awards
Granted
During
Year that
Vested
During
Year for
James R.
Anderson
($)
   
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards
that Vested
During
Year for
James R.
Anderson
($)
   
Fair
Value at
Last Day
of Prior
Year of
Equity
Awards
Forfeited
During
Year for
James R.
Anderson
($)
   
Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards
Not
Otherwise
Included
for James
R.
Anderson
($)
   
Total -
Inclusion of
Equity
Values for
James R.
Anderson
($)
 
               
2022
    10,928,785       (5,860,843           1,492,952                   6,560,894  
               
2021
    28,147,880       24,369,973             16,471,511                   68,989,364  
               
2020
    16,960,926       21,854,857             10,012,942                   48,828,725  
 
Year
 
Average
Year-End

Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of Year
for
Non-PEO

NEOs
($)
   
Average
Change in
Fair Value
from Last
Day of
Prior Year
to Last Day
of Year of
Unvested
Equity
Awards for
Non-PEO

NEOs
($)
   
Average
Vesting-
Date Fair
Value of
Equity
Awards
Granted
During
Year that
Vested
During
Year for
Non-PEO

NEOs
($)
   
Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards
that Vested
During
Year for
Non-PEO

NEOs
($)
   
Average
Fair
Value at
Last Day
of Prior
Year of
Equity
Awards
Forfeited
During
Year for
Non-PEO

NEOs
($)
   
Average
Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards
Not
Otherwise
Included
for
Non-PEO

NEOs
($)
   
Total -
Average
Inclusion of
Equity
Values for
Non-PEO

NEOs
($)
 
               
2022
    2,701,737       (1,578,193           (2,503,852                 (1,380,308
               
2021
    6,553,739       6,978,178             1,495,659                   15,027,576  
               
2020
    4,758,802       7,512,982             2,229,309                   14,501,093  
4.
The Peer Group TSR set forth in this table utilizes the Philadelphia Semiconductor Index (“PHLX Semiconductor”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the year ended December 31, 2022. The comparison assumes $100 was invested for the period starting December 28, 2019, through the end of the listed year in the Company and in the PHLX Semiconductor, respectively. Historical stock performance is not necessarily indicative of future stock performance.
 
5.
We determined TSR Percentile Rank relative to the Russell 2000 Index to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and
Non-PEO
NEOs in 2022. We present
one-year
percentile ranks in this table. This performance measure may not have been the most important financial performance measure for years 2021 and 2020 and we may determine a different financial performance measure to be the most important financial performance measure in future years.
   
Company Selected Measure Name TSR Percentile Rank relative to the Russell 2000 Index    
Named Executive Officers, Footnote [Text Block]
1.
James R. Anderson was our PEO for each year presented. The individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
     
2020
 
2021
 
2022
Sherri Luther   Sherri Luther   Sherri Luther
Esam Elashmawi   Esam Elashmawi   Esam Elashmawi
Stephen Douglass   Stephen Douglass   Stephen Douglass
Mark Nelson   Mark Nelson   Mark Nelson
   
Peer Group Issuers, Footnote [Text Block] The Peer Group TSR set forth in this table utilizes the Philadelphia Semiconductor Index (“PHLX Semiconductor”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation
S-K
included in our Annual Report for the year ended December 31, 2022. The comparison assumes $100 was invested for the period starting December 28, 2019, through the end of the listed year in the Company and in the PHLX Semiconductor, respectively. Historical stock performance is not necessarily indicative of future stock performance.
   
PEO Total Compensation Amount $ 11,653,423 $ 18,387,422 $ 7,226,551
PEO Actually Paid Compensation Amount $ 8,548,319 70,640,501 49,899,940
Adjustment To PEO Compensation, Footnote [Text Block]
 
Year
  
Summary
Compensation
Table Total for
James R.
Anderson
($)
    
Exclusion of
Stock
Awards for
James R.
Anderson
($)
    
Inclusion of
Equity
Values for
James R.
Anderson
($)
    
Compensation
Actually
Paid to
James R.
Anderson
($)
 
       
2022
     11,653,423        (9,665,998      6,560,894        8,548,319  
       
2021
     18,387,422        (16,736,285      68,989,364        70,640,501  
       
2020
     7,226,551        (6,155,336      48,828,725        49,899,940  
 
 
Year
 
Year-End

Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of Year
for James
R.
Anderson
($)
   
Change in
Fair Value
from Last
Day of
Prior Year
to Last Day
of Year of
Unvested
Equity
Awards for
James R.
Anderson
($)
   
Vesting-
Date Fair
Value of
Equity
Awards
Granted
During
Year that
Vested
During
Year for
James R.
Anderson
($)
   
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards
that Vested
During
Year for
James R.
Anderson
($)
   
Fair
Value at
Last Day
of Prior
Year of
Equity
Awards
Forfeited
During
Year for
James R.
Anderson
($)
   
Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards
Not
Otherwise
Included
for James
R.
Anderson
($)
   
Total -
Inclusion of
Equity
Values for
James R.
Anderson
($)
 
               
2022
    10,928,785       (5,860,843           1,492,952                   6,560,894  
               
2021
    28,147,880       24,369,973             16,471,511                   68,989,364  
               
2020
    16,960,926       21,854,857             10,012,942                   48,828,725  
 
   
Non-PEO NEO Average Total Compensation Amount $ 3,395,414 4,764,499 2,356,257
Non-PEO NEO Average Compensation Actually Paid Amount $ (392,017) 15,839,660 15,086,398
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
Year
  
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
($)
    
Average
Exclusion
of Stock
Awards for
Non-PEO

NEOs
($)
    
Average
Inclusion of
Equity
Values for
Non-PEO

NEOs
($)
    
Average
Compensation
Actually
Paid to
Non-PEO

NEOs
($)
 
         
2022
     3,395,414        (2,407,123      (1,380,308      (392,017
         
2021
     4,764,499        (3,952,415      15,027,576        15,839,660  
         
2020
     2,356,257        (1,770,952      14,501,093        15,086,398  
Year
 
Average
Year-End

Fair Value
of Equity
Awards
Granted
During
Year That
Remained
Unvested
as of Last
Day of Year
for
Non-PEO

NEOs
($)
   
Average
Change in
Fair Value
from Last
Day of
Prior Year
to Last Day
of Year of
Unvested
Equity
Awards for
Non-PEO

NEOs
($)
   
Average
Vesting-
Date Fair
Value of
Equity
Awards
Granted
During
Year that
Vested
During
Year for
Non-PEO

NEOs
($)
   
Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards
that Vested
During
Year for
Non-PEO

NEOs
($)
   
Average
Fair
Value at
Last Day
of Prior
Year of
Equity
Awards
Forfeited
During
Year for
Non-PEO

NEOs
($)
   
Average
Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards
Not
Otherwise
Included
for
Non-PEO

NEOs
($)
   
Total -
Average
Inclusion of
Equity
Values for
Non-PEO

NEOs
($)
 
               
2022
    2,701,737       (1,578,193           (2,503,852                 (1,380,308
               
2021
    6,553,739       6,978,178             1,495,659                   15,027,576  
               
2020
    4,758,802       7,512,982             2,229,309                   14,501,093  
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and the Company’s cumulative TSR for the fiscal years indicated.
 
 
LOGO
 
   
Compensation Actually Paid vs. Net Income [Text Block]
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our
Non-PEO
NEOs, and our net income during the three most recently completed fiscal years.
 
 
LOGO
 
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our
one-year
TSR Percentile Rank Relative to the Russell 2000 Index during the three most recently completed fiscal years.
 
 
LOGO
 
   
Total Shareholder Return Vs Peer Group [Text Block]
The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the Philadelphia Semiconductor Index over the same period.
 
LOGO
   
Tabular List [Table Text Block]
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and Non-PEO NEOs for 2022 to Company performance. The measures in this table are not ranked.
 
 
TSR relative to the Russell 2000 Index
Non-GAAP
Operating Income
Revenue
 
   
Total Shareholder Return Amount $ 337.39 400.73 238.27
Peer Group Total Shareholder Return Amount 142.26 218.45 152.93
Net Income (Loss) $ 178,900,000 $ 95,900,000 $ 47,400,000
Company Selected Measure Amount 0.64 0.86 0.92
PEO Name James R. Anderson    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name TSR relative to the Russell 2000 Index    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Non-GAAP Operating Income    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Revenue    
PEO [Member] | Exclusion of Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (9,665,998) $ (16,736,285) $ (6,155,336)
PEO [Member] | Inclusion of Equity Values [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 6,560,894 68,989,364 48,828,725
PEO [Member] | James R. Anderson [Member] | Year End Fair Value of Equity Awards Granted During Year that Remained Unvested as of Last Day of Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 10,928,785 28,147,880 16,960,926
PEO [Member] | James R. Anderson [Member] | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (5,860,843) 24,369,973 21,854,857
PEO [Member] | James R. Anderson [Member] | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,492,952 16,471,511 10,012,942
PEO [Member] | James R. Anderson [Member] | Total Inclusion of Equity Values [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 6,560,894 68,989,364 48,828,725
Non-PEO NEO [Member] | Exclusion of Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,407,123) (3,952,415) (1,770,952)
Non-PEO NEO [Member] | Inclusion of Equity Values [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,380,308) 15,027,576 14,501,093
Non-PEO NEO [Member] | Year End Fair Value of Equity Awards Granted During Year that Remained Unvested as of Last Day of Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,701,737 6,553,739 4,758,802
Non-PEO NEO [Member] | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,578,193) 6,978,178 7,512,982
Non-PEO NEO [Member] | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,503,852) 1,495,659 2,229,309
Non-PEO NEO [Member] | Total Inclusion of Equity Values [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (1,380,308) $ 15,027,576 $ 14,501,093