XML 46 R35.htm IDEA: XBRL DOCUMENT v3.19.2
Segment Information (Tables)
 6 Months Ended
Jul. 28, 2019
Segment Reporting [Abstract]  
Net Sales by Segment
Net sales by segment were as follows:
 
Three Months Ended
 
Six Months Ended
(in thousands)
July 28, 2019
 
July 29, 2018
 
July 28, 2019
 
July 29, 2018
Semiconductor Products Group
$
137,146

 
$
163,211

 
$
268,500

 
$
293,640

Total
$
137,146

 
$
163,211

 
$
268,500

 
$
293,640
Income by Segment and Reconciliation to Consolidated Operating Income
The following table presents a reconciliation of operating income by segment to consolidated income before taxes. Historical amounts have been adjusted to conform to the current presentation:
 
Three Months Ended
 
Six Months Ended
(in thousands)
July 28, 2019
 
July 29, 2018
 
July 28, 2019
 
July 29, 2018
Semiconductor Products Group
$
31,505

 
$
47,110

 
$
60,133

 
$
87,922

   Operating income by segment
31,505

 
47,110

 
60,133

 
87,922

Items to reconcile segment operating income to consolidated income before taxes:
 
 
 
 
 
 
 
Share-based compensation
8,646

 
13,966

 
19,974

 
49,481

Intangible amortization
3,908

 
6,480

 
9,051

 
13,441

Changes in the fair value of contingent earn-out obligations
—

 
(900
)
 
(2,161
)
 
(900
)
Restructuring and other reserves
2,571

 
85

 
2,711

 
431

Litigation cost, net of recoveries
799

 
(5,857
)
 
725

 
(5,297
)
Transaction and integration related
33

 
400

 
1,468

 
927

Interest expense
2,597

 
2,200

 
5,064

 
4,390

Non-operating expense, net
(1,213
)
 
(542
)
 
(2,256
)
 
(732
)
Income before taxes
$
14,164

 
$
31,278

 
$
25,557

 
$
26,181
Net Sales Activity By Product Line
The table below provides net sales activity by product line on a comparative basis:
 
Three Months Ended
 
Six Months Ended
(in thousands, except percentages)
July 28, 2019
 
July 29, 2018
 
July 28, 2019
 
July 29, 2018
Signal Integrity
$
55,094

 
40
%
 
$
68,802

 
42
%
 
$
105,350

 
39
%
 
$
134,401

 
45
 %
Wireless and Sensing
41,696

 
30
%
 
48,410

 
30
%
 
83,903

 
31
%
 
93,949

 
32
 %
Protection
40,356

 
30
%
 
45,999

 
28
%
 
79,247

 
30
%
 
86,791

 
30
 %
Other: Warrant Shares (1)
—

 
—
%
 
—

 
—
%
 
—

 
—
%
 
(21,501
)
 
(7
)%
Total net sales
$
137,146

 
100
%
 
$
163,211

 
100
%
 
$
268,500

 
100
%
 
$
293,640

 
100
 %
Schedule of Revenue from External Customers by Sales Channel
 
Three Months Ended
 
Six Months Ended
(in thousands)
July 28, 2019
 
July 29, 2018
 
July 28, 2019
 
July 29, 2018
Distributor
$
99,138

 
$
109,844

 
$
180,280

 
$
212,317

Direct
38,008

 
53,367

 
88,220

 
102,824

Other: Warrant Shares
—

 
—

 
—

 
(21,501
)
Total net sales
$
137,146

 
$
163,211

 
$
268,500

 
$
293,640
Net Sales Activity By Geographic Region
Net sales activity by geographic region was as follows:
 
Three Months Ended
 
Six Months Ended
 
July 28, 2019
 
July 29, 2018
 
July 28, 2019
 
July 29, 2018
Asia-Pacific
74
%
 
75
%
 
76
%
 
72
 %
North America
16
%
 
19
%
 
14
%
 
28
 %
Europe
10
%
 
6
%
 
10
%
 
7
 %
Other: Warrant Shares
—
%
 
—
%
 
—
%
 
(7
)%
 
100
%
 
100
%
 
100
%
 
100
 %
Summary Of Sales Activity To Countries That Represented Greater Than 10% Of Total Net Sales The table below summarizes sales activity to countries that represented greater than 10% of total net sales for at least one of the periods presented:
 
Three Months Ended
 
Six Months Ended
(percentage of total sales)
July 28, 2019
 
July 29, 2018
 
July 28, 2019
 
July 29, 2018
China (including Hong Kong)
52
%
 
56
%
 
52
%
 
53
%
United States
9
%
 
10
%
 
10
%
 
12
%