Segment Information

3 Months Ended

Apr. 26, 2015

Segment Reporting [Abstract]

Segment Information

Segment information

Segment Information

See Note 1 regarding recent developments affecting the Company’s operating segments.

The Company has five operating segments in total. The Company’s CEO continues to function as the CODM. The Company’s CODM makes operating decisions and assesses performance based on these operating segments. Four of the operating segments: Protection Products; Power and High Reliability Products; Signal Integrity Products; and Wireless, Sensing and Timing Products, all have similar economic characteristics and have been aggregated into one reportable segment identified in the table below as the “Semiconductor Products Group”. The remaining operating segment, the Systems Innovation Group, cannot be aggregated with the other operating segments and does not meet the thresholds for a separate reportable segment as defined by the guidance regarding segment disclosure. Therefore the Company has classified it as “All others” in the tables below. The Company’s assets are commingled among the various reporting units and the CODM does not use that information in making operating decisions or assessing performance. Therefore, the Company has not included asset information by segment below.

Net sales by segment are as follows:

	Three Months Ended
(in thousands)	April 26, 2015		April 27, 2014
Semiconductor Products Group	$	128,247	$	131,743
All others	1,841		1,116
Total	$	130,088	$	132,859

Income by segment and reconciliation to consolidated operating income:

	Three Months Ended
(in thousands)	April 26, 2015			April 27, 2014
Semiconductor Products Group	$	25,327		$	29,962
All others	(2,251		)	(2,705		)
Operating Income by segment	23,076			27,257
Items to reconcile segment operating income to consolidated income before taxes
Intangible amortization and impairments	6,163			6,425
Stock-based compensation expense	5,946			6,847
Inventory write-down	—			1,052
Restructuring charges	—			1,001
Environmental reserve	2,335			—
Other non-segment related expenses	3,200			444
Amortization of fair value adjustments related to acquired PP&E	548			339
Interest expense, net	1,834			1,387
Non-operating (income) expense, net	493			278
Income before taxes	$	2,557		$	9,484

Information by Product Line

The Company operates exclusively in the semiconductor industry and primarily within the analog and mixed-signal sector.

The table below provides net sales activity by product line on a comparative basis for all periods.

	Three Months Ended
(in thousands, except percentages)	April 26, 2015			April 27, 2014
Signal Integrity	54,309	41	%	51,279	39	%
Protection	37,127	29	%	48,671	36	%
Wireless, Sensing and Timing	22,798	18	%	18,348	14	%
Power and High-Reliability	14,013	11	%	13,445	10	%
Systems Innovation	1,841	1	%	1,116	1	%
Total net sales	130,088	100	%	132,859	100	%

Geographic Information

The Company generates virtually all of its sales from its Semiconductor Products Group through sales of analog and mixed-signal devices.

Net sales activity by geographic region is as follows:

	Three Months Ended
	April 26, 2015		April 27, 2014
Asia-Pacific	74	%	74	%
North America	17	%	14	%
Europe	9	%	12	%
	100	%	100	%

The Company generally attributes sales to a country based on the ship-to address. The table below summarizes sales activity to countries that represented greater than 10% of total net sales for one or more of the periods presented:

	Three Months Ended
(percentage of total sales)	April 26, 2015		April 27, 2014
China (including Hong Kong)	43	%	34	%
United States	12	%	13	%
Japan	8	%	10	%
South Korea	8	%	11	%

Income (loss) from continuing operations before income taxes is as follows:

	Three Months Ended
(in thousands)	April 26, 2015			April 27, 2014
Domestic	$	(13,435	)	$	(5,137	)
Foreign	15,992			14,621
Total	$	2,557		$	9,484