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Segment Information (Tables)
9 Months Ended
Oct. 27, 2019
Segment Reporting [Abstract]  
Net Sales by Segment
Net sales by segment were as follows:
 
Three Months Ended
 
Nine Months Ended
(in thousands)
October 27, 2019
 
October 28, 2018
 
October 27, 2019
 
October 28, 2018
Semiconductor Products Group
$
141,011

 
$
173,550

 
$
409,511

 
$
467,190

Total
$
141,011

 
$
173,550

 
$
409,511

 
$
467,190


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
 
Nine Months Ended
(in thousands)
October 27, 2019
 
October 28, 2018
 
October 27, 2019
 
October 28, 2018
Semiconductor Products Group
$
33,904

 
$
52,738

 
$
94,037

 
$
140,660

   Operating income by segment
33,904

 
52,738

 
94,037

 
140,660

Items to reconcile segment operating income to consolidated income before taxes:
 
 
 
 
 
 
 
Share-based compensation
8,767

 
11,466

 
28,741

 
60,947

Intangible amortization
3,770

 
6,480

 
12,821

 
19,921

Investment impairments

 
30,000

 

 
30,000

Changes in the fair value of contingent earn-out obligations
(152
)
 
(8,519
)
 
(2,313
)
 
(9,419
)
Restructuring and other reserves

 
86

 
2,711

 
518

Litigation cost, net of recoveries
205

 
(264
)
 
930

 
(5,562
)
Transaction and integration related
(851
)
 
1,622

 
617

 
2,549

Interest expense
2,183

 
2,355

 
7,247

 
6,745

Non-operating income, net
(644
)
 
(1,182
)
 
(2,900
)
 
(1,914
)
Income before taxes
$
20,626

 
$
10,694

 
$
46,183

 
$
36,875


Net Sales Activity By Product Line
The table below provides net sales activity by product line on a comparative basis:
 
Three Months Ended
 
Nine Months Ended
(in thousands, except percentages)
October 27, 2019
 
October 28, 2018
 
October 27, 2019
 
October 28, 2018
Signal Integrity
$
58,563

 
42
%
 
$
69,981

 
40
%
 
$
163,913

 
40
%
 
$
204,381

 
44
 %
Wireless and Sensing
42,287

 
30
%
 
50,484

 
29
%
 
126,190

 
31
%
 
144,435

 
31
 %
Protection
40,161

 
28
%
 
53,085

 
31
%
 
119,408

 
29
%
 
139,875

 
30
 %
Other: Warrant Shares (1)

 
%
 

 
%
 

 
%
 
(21,501
)
 
(5
)%
Total net sales
$
141,011

 
100
%
 
$
173,550

 
100
%
 
$
409,511

 
100
%
 
$
467,190

 
100
 %

Schedule of Revenue from External Customers by Sales Channel
 
Three Months Ended
 
Nine Months Ended
(in thousands)
October 27, 2019
 
October 28, 2018
 
October 27, 2019
 
October 28, 2018
Distributor
$
107,383

 
$
120,009

 
$
287,642

 
$
332,304

Direct
33,628

 
53,541

 
121,869

 
156,387

Other: Warrant Shares

 

 

 
(21,501
)
Total net sales
$
141,011

 
$
173,550

 
$
409,511

 
$
467,190


Net Sales Activity By Geographic Region
Net sales activity by geographic region was as follows:
 
Three Months Ended
 
Nine Months Ended
 
October 27, 2019
 
October 28, 2018
 
October 27, 2019
 
October 28, 2018
Asia-Pacific
75
%
 
77
%
 
76
%
 
74
 %
North America
16
%
 
16
%
 
15
%
 
26
 %
Europe
9
%
 
7
%
 
9
%
 
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
 
Nine Months Ended
(percentage of total sales)
October 27, 2019
 
October 28, 2018
 
October 27, 2019
 
October 28, 2018
China (including Hong Kong)
50
%
 
55
%
 
52
%
 
54
%
United States
10
%
 
10
%
 
10
%
 
11
%