Segment Information (Tables)

6 Months Ended

Jun. 29, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment information is summarized as follows: 

	Three Months Ended						Six Months Ended
(in thousands)	June 29, 2019			June 30, 2018			June 29, 2019			June 30, 2018
Net sales
Electronics	$	259,553		$	299,357		$	524,947		$	563,768
Automotive	108,650			127,172			222,133			253,302
Industrial	29,676			32,654			56,299			59,926
Total net sales	$	397,879		$	459,183		$	803,379		$	876,996
Depreciation and amortization
Electronics	$	14,729		$	15,651		$	30,071		$	29,329
Automotive	6,904			5,969			13,781			11,939
Industrial	1,056			1,467			2,116			2,927
Other	—			3,103			—			5,607
Total depreciation and amortization	$	22,689		$	26,190		$	45,968		$	49,802
Operating income (loss)
Electronics	$	43,630		$	67,311		$	92,666		$	121,275
Automotive	10,349			15,711			23,550			34,102
Industrial	5,831			5,279			9,336			9,988
Other(a)	(7,176		)	(28,679		)	(12,245		)	(68,172		)
Total operating income	52,634			59,622			113,307			97,193
Interest expense	5,589			5,782			11,275			11,205
Foreign exchange (gain) loss	(3,575		)	3,200			668			(7,354		)
Other (income) expense, net	(2,947		)	(1,678		)	1,358			(3,621		)
Income before income taxes	$	53,567		$	52,318		$	100,006		$	96,963

(a) Included in “Other” Operating income (loss) for the 2019 second quarter is $1.5 million ($3.8 million year-to-date) of acquisition related and integration charges primarily related to the IXYS acquisition. In addition, there were $5.7 million ($8.4 million year-to-date)of restructuring charges primarily related to employee termination costs. See Note 8, Restructuring, Impairment and Other Charges, for further discussion.

Included in "Other" Operating income (loss) for the second quarter of 2018 is includes approximately $26.8 million ($65.4 million year-to-date) of charges primarily related to the IXYS acquisition, which include $19.0 million ($36.9 million year-to-date) of purchase accounting inventory step-up charges, $2.0 million ($13.6 million year-to-date) in acquisition-related and integration costs primarily related to legal, accounting and other expenses, $3.1 million ($5.6 million year-to-date) in backlog amortization costs, $2.7 million of employee termination costs and other restructuring charges, and $4.5 million year-to-date stock compensation expense recognized immediately upon close for converted IXYS options related to prior service periods and $2.1 million year-to-date change in control expense related to IXYS. In addition, there were $0.5 million ($1.2 million year-to-date) of employee termination costs, other restructuring, impairment charges of $1.1 million associated with the exit of the Custom business in the second quarter, and $0.3 million ($0.5 million year-to-date) of acquisition-related expenses for other contemplated acquisitions.

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country

The Company’s net sales by country were as follows:

	Three Months Ended				Six Months Ended
(in thousands)	June 29, 2019		June 30, 2018		June 29, 2019		June 30, 2018
Net sales
United States	$	115,991	$	137,236	$	235,519	$	261,112
China	107,728		127,776		214,593		234,284
Other countries(a)	174,160		194,171		353,267		381,600
Total net sales	$	397,879	$	459,183	$	803,379	$	876,996

 The Company’s long-lived assets by country were as follows:

(in thousands)	June 29, 2019		December 29, 2018
Long-lived assets
United States	$	58,015	$	58,691
China	92,621		95,806
Mexico	74,147		70,495
Germany	37,976		36,548
Philippines	37,275		32,459
Other countries(a)	38,466		45,895
Total long-lived assets	$	338,500	$	339,894

The Company’s additions to long-lived assets by country were as follows:

	Six Months Ended
(in thousands)	June 29, 2019		June 30, 2018
Additions to long-lived assets
United States	$	3,454	$	4,234
China	4,958		14,711
Mexico	8,727		8,874
Germany	3,712		5,182
Philippines	6,629		4,241
Other countries(a)	2,378		3,073
Total additions to long-lived assets	$	29,858	$	40,315

(a)

Each country included in other countries are less than 10% of net sales.