XML 66 R40.htm IDEA: XBRL DOCUMENT v3.19.1
Segment Information (Tables)
12 Months Ended
Jan. 27, 2019
Segment Reporting [Abstract]  
Net sales by segment
Net sales by reportable segment are as follows:
 
Fiscal Year Ended
(in thousands)
January 27, 2019
 
January 28, 2018
 
January 29, 2017
Semiconductor Products Group
$
627,196

 
$
587,847

 
$
544,067

All others

 

 
205

Total
$
627,196

  
$
587,847

 
$
544,272

Income by segment and reconciliation to consolidated
Income by segment and reconciliation to consolidated operating income:
 
Fiscal Year Ended
(in thousands)
January 27, 2019
 
January 28, 2018
 
January 29, 2017
Semiconductor Products Group
$
186,975

 
$
160,810

 
$
126,271

All others

 

 
23,406

   Operating income by segment
186,975

 
160,810

 
149,677

Items to reconcile segment operating income to consolidated income before taxes
 
 
 
 
 
Share-based compensation
73,859

 
47,936

 
30,828

Intangible amortization
26,649

 
27,867

 
25,301

Investment impairments
30,000

 
4,250

 

Changes in the fair value of contingent earn-out obligations
(9,419
)
 
3,892

 
(215
)
Other non-segment related expenses
(2,591
)
 
12,189

 
7,455

Amortization of fair value adjustments related to acquired property, plant and equipment

 
190

 
2,227

Interest expense, net
9,202

 
7,963

 
9,300

Non-operating expense, net
(3,823
)
 
(3,348
)
 
1,721

Income before taxes
$
63,098

 
$
59,871

 
$
73,060

Net sales by product line
The table below provides net sales activity by product line on a comparative basis for all periods.
 
Fiscal Year Ended
(in thousands, except percentages)
January 27, 2019
 
January 28, 2018
 
January 29, 2017
Signal Integrity
$
276,040

 
44
 %
 
$
263,015

 
45
 %
 
$
258,824

 
47
 %
Wireless and Sensing
190,589

 
30
 %
 
164,569

 
28
 %
 
140,774

 
26
 %
Protection
182,068

 
29
 %
 
176,482

 
30
 %
 
149,865

 
28
 %
Systems Innovation

 
 %
 

 
 %
 
205

 
 %
Other: Warrant Shares
(21,501
)
 
(3
)%
 
(16,219
)
 
(3
)%
 
(5,396
)
 
(1
)%
Total net sales
$
627,196

  
100
 %
 
$
587,847

  
100
 %
 
$
544,272

  
100
 %
Schedule Of Revenue From External Customers By Sales Channel
Information by Sales Channel
 
Fiscal Year Ended
(in thousands)
January 27, 2019
 
January 28, 2018
 
January 29, 2017
Distributor
$
442,518

 
$
390,618

 
$
348,070

Direct
206,179

 
213,448

 
201,598

Other: Warrant Shares
(21,501
)
 
(16,219
)
 
(5,396
)
Total net sales
$
627,196

 
$
587,847

 
$
544,272

Net sales by geographic region
Sales activity by geographic region is as follows:
 
Fiscal Year Ended
(in thousands, except percentages)
January 27, 2019
 
January 28, 2018
 
January 29, 2017
Asia-Pacific
$
480,680

 
76
 %
 
$
439,342

 
75
 %
 
$
412,167

 
76
 %
North America
118,664

 
19
 %
 
121,144

 
21
 %
 
94,123

 
17
 %
Europe
49,353

 
8
 %
 
43,580

 
7
 %
 
43,378

 
8
 %
Other: Warrant Shares
(21,501
)
 
(3
)%
 
(16,219
)
 
(3
)%
 
(5,396
)
 
(1
)%
Total net sales
$
627,196

 
100
 %
 
$
587,847

 
100
 %
 
$
544,272

 
100
 %
Sales activity to countries representing greater than 10% of total sales
The table below summarizes sales activity to countries that represented greater than 10% of total sales for at least one of the periods presented:
 
Fiscal Year Ended
(percentage of total net sales)
January 27, 2019
 
January 28, 2018
 
January 29, 2017
China (including Hong Kong)
55
%
 
51
%
 
48
%
United States
11
%
 
9
%
 
9
%
Total net sales
66
%
 
60
%
 
57
%
Significant Customers
The following significant customers accounted for at least 10% of net sales in one or more of the periods indicated
 
Fiscal Year Ended
(percentage of net sales)
January 27, 2019
 
January 28, 2018
 
January 29, 2017
Trend-tek Technology Ltd (and affiliates)
14
%
 
10
%
 
10
%
Frontek Technology Corporation (and affiliates)
11
%
 
7
%
 
8
%
Arrow Electronics (and affiliates)
10
%
 
11
%
 
10
%
Samsung Electronics (and affiliates)
8
%
 
8
%
 
7
%
Premier Technical Sales Korea, Inc. (and affiliates) (1)
4
%
 
6
%
 
4
%
(1) Premier is a distributor with a concentration of sales to Samsung. The above percentages represent the Company's estimate of the sales activity related to Samsung that is passing through this distributor.
The following table shows customers that have an outstanding receivable balance that represents at least 10% of total net receivables as of one or more of the dates indicated:
 
Fiscal Years
(percentage of net receivables)
2019
 
2018
Trend-tek Technology Ltd (and affiliates)
11
%
 
8
%
Frontek Technology Corporation (and affiliates)
10
%
 
9
%
Long-lived assets by location
Long-lived assets, which consist of property, plant and equipment, net of accumulated depreciation and classified by location are summarized as follows:
 
Fiscal Year Ended
(in thousands)
January 27, 2019
 
January 28, 2018
United States
$
46,285

  
$
48,289

Rest of North America
34,493

 
34,941

Asia and all others
28,871

  
31,624

Europe
8,839

 
9,752

Total
$
118,488

 
$
124,606