Company: CRUS
Filing Date: 2025-05-23
Form Type: 10-K
Source: 0000772406-25-000014
Chunk: 116

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-05-23
Form: 10-K
Item: Item 8
Chunk 116
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 as total consolidated assets. The table below presents the Company's significant segment operating expenses (in thousands):Fiscal Years EndedMarch 29,2025March 30,2024March 25,2023Personnel-related (1)353,338 333,559 339,192 Product development (2)64,946 65,912 71,245 Other segment items (3)167,395 173,135 297,511 Total Operating Expense$585,679 $572,606 $707,948 (1) Personnel-related expenses include employee base pay, benefits, variable compensation and other employee-related expenses.(2) Product development costs include software, engineering mask sets, wafers, and boards, as well as outside design services.(3) Other segment items primarily include stock-based compensation, facilities-related costs, depreciation and amortization, and non-recurring charges, offset by the benefit received from research and development expenditure credits. 

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Geographic AreaThe Company's geographic details of revenue and property, plant and equipment are included below.The following illustrates net sales by ship to location of the customer (in thousands): Fiscal Years EndedMarch 29,2025March 30,2024March 25,2023China$1,126,367 $1,114,310 $1,230,602 India205,902 125,138 69,343 Hong Kong196,530 219,053 223,405 South Korea142,655 119,532 93,177 Vietnam123,073 96,080 93,760 United States15,838 17,971 52,688 Rest of World85,712 96,806 134,642 Total consolidated net sales$1,896,077 $1,788,890 $1,897,617 The following illustrates property, plant and equipment, net, by geographic locations, based on physical location (in thousands): Fiscal Years EndedMarch 29,2025March 30,2024United States$133,383 $140,300 United Kingdom13,570 16,822 Rest of World12,947 13,053 Total consolidated property, plant and equipment, net$159,900 $170,175